Latest News
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14 May 24UAE: ADNOC Drilling secures transformational $1.7 billion contract to unlock UAE’s world-class unconventional energy resources
ADNOC Drilling has been awarded, by ADNOC, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. The contract will see Turnwell, a newly incorporated company, deliver 144 unconventional oil and gas wells. -
14 May 24South Africa: Kinetiko becomes first company in South Africa to produce power from onshore gas
Kinetiko Energy is developing an energy transition solution for South Africa focused on commercialising advanced shallow conventional gas projects in the Mpumalanga, Freestate and KwaZulu-Natal Provinces. Kinetiko has provided an update on its onshore gas exploration and production development activities, where it has successfully demonstrated power production from a gas well at Amersfoort. -
14 May 24Indonesia: PETRONAS signs a 20-year PSC extension deal for the Ketapang Contract Area
PETRONAS has signed a Production Sharing Contract (PSC) extension for the Ketapang Contract Area located in the Java Sea following the approval granted by the Government of Indonesia through the Ministry of Energy and Mineral Resources on 21 December 2023, effectively extending the contract until 2048. -
14 May 24Indonesia: PETRONAS signs Production Sharing Contract for the Bobara Working Area, Eastern Indonesia
PETRONAS E&P Bobara, a subsidiary of PETRONAS, has signed a Production Sharing Contract (PSC) for the Bobara Working Area located at the offshore of West Papua, Eastern Indonesia. PETRONAS has been awarded the Bobara Working Area with a total acreage of 8,444.49 sq kms during the third round of Indonesia Petroleum Bid Round 2023. -
14 May 24Odfjell Technology secures 3-year contract for Tubular Running Services with COSL Drilling Europe
Odfjell Technology, a leading provider of drilling and well services, has secured an important contract with COSL Drilling Europe. The fixed part of the contract, valued at approx. 160 million NOK, encompasses Tubular Running Services and has a duration of three years, with the option for two additional one-year periods. -
14 May 24Norway: Equinor and Petoro agree to harmonise equity interests in the Haltenbanken area
Equinor and Petoro have entered into a value-neutral asset swap agreement in the Haltenbanken area. Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce its ownership in the Tyrihans field and the Castberg field, as well as the Carmen and Beta discoveries. -
14 May 24UK: Salamander Offshore Wind Farm submits offshore consent application
Salamander, a joint venture partnership between Ørsted, Simply Blue Group and Subsea7, has submitted an offshore consent application for its proposed 100 MW floating offshore wind farm. -
14 May 24Cote d'Ivoire: CGG launches two new 3D reimaging projects near Côte d’Ivoire’s world-class discoveries
CGG, in association with Côte d’Ivoire's Direction Générale des Hydrocarbures (DGH) and PETROCI, has announced two new multi-client 3D reimaging programs, CDI24 Phase I (3,120 km2) and Phase II (6,610 km2). Both projects are supported by the industry, with Phase I commencing immediately and Phase II planned for H1 2025. -
14 May 24UK: Union Jack Oil declares dividend
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced the details of a dividend payable to shareholders. The financial position of Union Jack remains strong, especially with the additional revenues from the Company’s assets in the USA. The Board has declared a dividend of 0.25 pence per ordinary share. -
14 May 24Indonesia: Mubadala Energy the new favourite in Indonesia's exploration sector with Tangkulo-1 discovery
The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie. -
14 May 24Trinidad: Touchstone Exploration announces Q1 2024 financial and operating results and provides an operational update
Touchstone Exploration has reported its financial and operating results for Q1 2024 and provided an operational update. Since coming onstream in September 2023, the Cascadura field has transformed Touchstone both operationally and financially, having contributed an estimated $20 million in operating netbacks. The all-share acquisition of Trinity Exploration and Production was announced May 1st. -
14 May 24Prospex Energy announces final results for Y/E 31 December 2023
Prospex Energy, the AIM quoted investment company, has announced its audited final results for the year ended 31 December 2023, and provided an update on operations at the Selva gas field in Northern Italy and the El Romeral power plant in Southern Spain. -
14 May 24US: Zephyr Energy provides operations update
Zephyr Energy, the Rocky Mountain oil and gas company, has provided an update on operations. Zephyr reports that operations on the State 36-2 LNW-CC-R well in the Paradox Basin, Utah continue to progress in line with expectations and, in the Williston Basin, North Dakota, U.S., hydrocarbon production in Q1 2024 was in line with management's expectations. -
14 May 24Spain: Cepsa selects thyssenkrupp nucera as preferred supplier of a 300-MW electrolyzer for a green hydrogen plant in Spain
Cepsa has selected thyssenkrupp nucera as a preferred supplier of the Cepsa-led Andalusian Green Hydrogen Valley in southern Spain, one of the largest projects of its kind in Europe. The first phase of the Andalusian Green Hydrogen Valley entails a green hydrogen production plant at Cepsa’s La Rábida Energy Park in Palos de la Frontera (Huelva) as part of their partnership with Fertiberia. -
14 May 24Spain: Cepsa selects Siemens Energy’s PEM technology for 100 MW of electrolysis capacity for the Andalusian Green Hydrogen Valley
Cepsa has selected Siemens Energy, one of the world’s leading energy technology companies, for the supply of 100 megawatts (MW) of Proton Exchange Membrane (PEM) electrolysis technology for green hydrogen production at its La Rábida Energy Park in Palos de la Frontera (Huelva), southern Spain. -
14 May 24US: Worley to provide design and evaluation services for Bayou Bend CCS LLC's carbon capture and storage facility
Bayou Bend CCS LLC is a joint venture owned by Chevron, Equinor, and TotalEnergies to develop a carbon capture and storage facility in Southeast Texas. The project has the potential to reduce emissions from regional industrial facilities by sequestering CO2 safely and permanently underground. It includes a CO2 storage footprint of nearly 140,000 acres of pore space.