Latest News
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24 Apr 24
Namibia: Sintana Energy to acquire up to 67% of Giraffe Energy
Sintana Energy has entered into a definitive agreement with Crown Energy, a private Namibian company, providing for the acquisition by the Company from Crown of up to 67% of the issued and outstanding shares of Giraffe Energy Investments. Giraffe is the owner of a 33% interest in Petroleum Exploration License 79 ('PEL 79') which governs blocks 2815 and 2915 located inboard of blocks operated by BW Energy, Rhino Resources and Shell. -
24 Apr 24
US: Interior Department finalises rule to streamline and modernise offshore renewable energy development
Secretary of the Interior Deb Haaland has announced that the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have finalized updated regulations for renewable energy development on the U.S. Outer Continental Shelf (OCS). -
24 Apr 24
US: Secretary Haaland announces new five-year offshore wind leasing schedule
In remarks at the International Partnering Forum conference in New Orleans, Louisiana, Secretary of the Interior Deb Haaland announced a new five-year offshore wind leasing schedule, which includes up to 12 potential offshore wind energy lease sales through 2028. -
24 Apr 24
Fugro's net-zero target validated by the Science Based Targets initiative
Fugro’s near- and long-term science-based emissions reduction targets have been approved by the Science Based Targets initiative (SBTi). Fugro’s net-zero target spans all three emission scopes, ultimately striving to achieve net-zero greenhouse gas (GHG) emissions across the value chain by 2050. -
24 Apr 24
Serica Energy announces results for the year ended 31 December 2023
AIM-listed Serica Energy, a British independent upstream oil and gas company with operations in the UK North Sea has announced its audited financial results for the year ended 31 December 2023. Serica has delivered a strong set of results for 2023 despite significantly lower sales prices compared to 2022 and a full year of the UK marginal tax rate being at 75%. -
24 Apr 24
Namibia: Rhino Resources and Halliburton to sign contract for integrated deepwater services offshore Namibia
Halliburton has been awarded a deep water integrated multi-well construction contract by Rhino Resources, a private company engaged in both onshore and offshore energy exploration in Africa. -
24 Apr 24
US: TotalEnergies and Vanguard Renewables join forces to develop renewable natural gas in the US
TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portfolio company of a fund managed by BlackRock’s Diversified Infrastructure business, have signed an agreement to create an equally owned joint venture to develop, build, and operate Farm Powered renewable natural gas (RNG) projects in the United States -
24 Apr 24
Brazil: Scatec signs PPA with Statkraft for new 142 MW solar plant in Brazil
Scatec, a leading renewable energy solutions provider, has signed a 10-year power purchase agreement (PPA) with Statkraft Energia do Brasil for a 142 megawatt (MW) solar plant in Minas Gerais, in Brazil. -
24 Apr 24
Republic of Congo: TotalEnergies increases its interest in giant field Moho and divests two mature assets
TotalEnergies has announced that its 85%-owned affiliate, TotalEnergies EP Congo, has signed an agreement with Trident Energy combining the acquisition of an additional 10% interest in the Moho license from Trident Energy and the sale to Trident Energy of its 53.5% interest in the Nkossa and Nsoko II licenses. -
24 Apr 24
Halliburton announces Q1 2024 results
Halliburton has announced net income of $606 million for Q1 2024. This compares to net income for Q1 2023 of $651 million. Adjusted net income in the first quarter of 2024, was $679 million. Activity in North America recovered from fourth quarter lows, and the international business delivered its 11th consecutive quarter of year-on-year growth. -
24 Apr 24
Eni announces first quarter 2024 results
In the first quarter 2024, Eni accelerated in executing the transformation of its portfolio through different high value platforms of growth in both the legacy and transition businesses. With the closing of the acquisition of Neptune Energy and the announced UK focused combination with Ithaca Energy in the Upstream, Eni will reinforce its exposure to gas and to OECD countries. -
24 Apr 24
UK: Octopus Renewables Infrastructure Trust signs 10 year PPA with Sky at Crossdykes wind farm
Octopus Renewables Infrastructure Trust has announced that the Crossdykes wind farm in Lanarkshire, Scotland has entered into a Power Purchase Agreement ('PPA') with Sky UK. The media and telecoms corporation will purchase the majority of the electricity produced by the 46 MW wind farm. -
24 Apr 24
Sound Energy has announced final results for the year ended 31 December 2023
Sound Energy, the transition energy company, has announced its audited final results for the year ended 31 December 2023. Substantial 2023 Project execution undertaken - positioned for significant operational and financial progress through development of pivotal Moroccan Tendrara Production Concession, with rig activities from June 2024 and plant commissioning planned by year end. -
24 Apr 24
88 Energy completes successful placement to raise A$9.9 million
88 Energy has successfully completed a bookbuild to domestic and international institutional and sophisticated investors to raise A$9.9 million (approx. £5.23 million). Placement proceeds will be directed towards costs associated with the recent successful flow test at the Hickory-1 discovery well located at Project Phoenix, as well as post-flow test studies, and towards exploration activities across the Company's acreage in Namibia and Alaska. -
24 Apr 24
Germany/France: Volue extends its partnership with Iberdrola to provide power scheduling and algo trading in the German and French energy markets
Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has signed a deal to provide the Spanish energy giant, Iberdrola, with two of its energy trading solutions: DeltaXE and Volue Algo Trader Power.
