Latest News
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02 May 24Norway/Canada: Subsea Integration Alliance signs collaboration agreement with Equinor - commencing work on Wisting and Bay du Nord
Subsea 7 has announced the signing of a new long-term strategic collaboration agreement between Equinor and Subsea Integration Alliance (which comprises Subsea7 and OneSubsea). The agreement paves the way for exclusive collaboration to begin immediately on early, joint concept studies for two projects: the Wisting field offshore Norway, and Bay du Nord, off Newfoundland and Labrador, Canada. -
02 May 24Morocco: Chariot commences drilling operations onshore Morocco
AIM-listed Chariot, the Africa focused transitional energy group, has announced that drilling operations have commenced at the Loukos Onshore licence, onshore Morocco, with the spud of the RZK-1 well on the Gaufrette prospect. -
02 May 24Amplus forms new partnership with VG Energy in ambitious plan to target untapped reserves in West Africa
Amplus VGE, a joint venture between UK-headquartered Amplus Energy and Nigeria-based Versatile Group (VG Energy), along with support from Norway’s Carbon Circle, is bringing together innovative solutions to unlock lucrative marginal fields in West Africa. -
02 May 24US: Nordex Group receives order for 148 MW for N149/5.X turbines
The Nordex Group has received an order for N149/5.X turbines from the United States and will be supplying 25 of its Delta 4000 series models. The turbines will be installed with an 89m seismic tower at an undisclosed wind farm in California. -
02 May 24Ørsted announces interim report for the first quarter of 2024
Ørsted has announced its interim report for the first quarter of 2024. Operating profit in line with expectations, with offshore site earnings increasing 18%. Business plan progressing with Sunrise Wind award and completion of two offshore wind farms. -
02 May 24Valaris reports first quarter 2024 results
Valaris has reported first quarter 2024 results. The Company reports net income of $26 million, Adjusted EBITDA of $54 million and Adjusted EBITDAR of $84 million. Awarded new contracts and extensions with associated contract backlog of more than $520 million during the first quarter. -
02 May 24Australia: Copenhagen Infrastructure Partners secures two offshore wind feasibility licences in Australia and launches new platform company
Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, has announced it was successful in Australia’s first offshore wind Feasibility Licence process securing two licences. CIP has site exclusivity to develop offshore wind projects over two areas one 586km2 and the other 689 km2. -
02 May 24Shell announces first quarter 2024 results
Shell has announced its first quarter 2024 results. Q1 2024 Adjusted Earnings of $7.7 billion, reflecting strong operational performance across the business. CFFO of $13.3 billion for the quarter includes a working capital outflow of $2.8 billion. Commencing a $3.5 billion share buyback programme, expected to be completed by Q2 2024 results announcement. 2024 cash capex outlook unchanged: $22 - 25 billion. -
02 May 24Union Jack Oil to Present at Sidoti Virtual Investor Conference
Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, and exploration company, announced that Zac Philips, Commercial Advisor, will present and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference, taking place on May 8-9, 2024. -
02 May 24Italy: Heads of Agreement signed between Gunvor and LNEnergy
Reabold Resources has announced the execution of a non-binding Heads of Agreement between Gunvor International and LNEnergy for the purchase of liquefied natural gas ('LNG') by Gunvor from LNEnergy from the Colle Santo gas field, located onshore Italy. LNEnergy has the exclusive right to acquire a 90% interest in Colle Santo and Reabold owns a 26.1% equity interest in LNEnergy. -
02 May 24Australia: Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia
Mainstream Renewable Power has announced that Gippsland Skies Offshore Wind, a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria. -
01 May 24Cyprus: Eni CEO meets with President of the Republic of Cyprus Nikos Christodoulides to discuss Eni’s activities and future projects in the Country
The President of the Republic of Cyprus Nikos Christodoulides and Eni Chief Executive Officer Claudio Descalzi met in Nicosia to discuss Eni’s activities and future projects in the Country. In particular, President Christodoulides and Eni CEO reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies,of Cronos and Zeus which led to the drilling of Cronos 2 appraisal well in late 2023. -
01 May 24Canada: C-NLOPB announces 2024 Call for Bids in the Eastern Newfoundland Region
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licences in the Eastern Newfoundland Region. Call for Bids No. NL24-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 41 parcels and a total of 10,287,196 hectares.