Latest News
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18 Apr 24
UK: Deltic Energy announces final results for the year ended 31 December 2023
Deltic Energy, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea has announced its audited results for the year ended 31 December 2023 and has released an updated corporate presentation. The Company is planning an appraisal well on Pensacola in 2024 and an exploration well on Selene following the farmout to Dana. -
18 Apr 24
UK: NEO fined £100,000 for breaching its vent consent
NEO Energy Production UK has been fined £100,000 for breaching its combined vent consent for the Donan, Lochranza and Balloch fields, around 200km northeast of Aberdeen. -
18 Apr 24
Equatorial Guinea: Petrofac awarded contract supporting the National Oil Company of Equatorial Guinea
Petrofac has been awarded a Technical Services Contract by Companía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset. -
18 Apr 24
88 Energy provides activities report for the quarter ended 31 March 2024
88 Energy has provided an activities report for the quarter ended 31 March 2024, including an update on the successful Hickory-1 discovery well flow test and stimulation program at Project Phoenix on the Alaskan North Slope and an update on its farm-in agreement with a wholly-owned subsidiary of Monitor Exploration to earn up to a 45% non-operated working interest in onshore PEL 93, located in the Owambo Basin of Namibia. -
18 Apr 24
Challenger Energy announces strategic investment by Charlestown Energy
AIM-listed Challenger Energy, the Atlantic margin focused energy company, has entered into a legally binding term sheet for an investment by Charlestown Energy Partners. Charlestown will invest £1.5m in the Company, initially in the form of a loan. -
18 Apr 24
SBM Offshore signs a US$250 million short-term corporate facility
SBM Offshore has secured a US$250 million term loan facility. The facility will be fully drawn in the coming days to finance Floating Production, Storage and Offloading vessel (FPSO) construction activities. Repayment is expected from first drawdown of the construction financing of FPSO Jaguar. -
18 Apr 24
UK: Management buyout starts new chapter for Crondall Energy
A management buyout at Crondall Energy has seen a large proportion of members of its team take an ownership stake in the independent offshore energy consultancy. -
18 Apr 24
Santos announces 2024 first quarter report
Strong underlying business performance, combined with a disciplined focus on operational excellence, delivered a robust first quarter for 2024. Santos reports strong free cash flow from operations of US$692 million, sales revenue of US$1.4 billion and production of 21.8 mmboe despite severe weather events and planned maintenance activities. -
18 Apr 24
US/Canada: CO280 and Aker Carbon Capture collaborate with Microsoft to scale-up permanent, affordable carbon removal in US and Canada
CO280 and Aker Carbon Capture have signed a Memorandum of Understanding (MoU) agreement with Microsoft to explore opportunities for scaling the full physical and digital value chain of carbon removal in the US and Canada. -
17 Apr 24
Denmark: Danish Energy Agency has awarded contracts to three companies for new CCS projects
The fund for negative CO2 emissions (NECCS fund) has been completed, and the Danish Energy Agency has awarded contracts to three companies for new CCS projects. Together, the projects will ensure the capture and storage of 160,350 tonnes of CO2 annually during the period 2026 to 2032. This corresponds to the annual CO2 absorption from approximately 16,000 hectares of forest. -
17 Apr 24
Europa Oil & Gas announces interim results
Europa Oil & Gas, the AIM quoted UK, Ireland and West Africa focused oil and gas exploration, development and production company, has announced its unaudited interim results for the six-month period ended 31 January 2024. -
17 Apr 24
Norwegian Offshore Directorate publishes new deep sea data
In June 2022, the Norwegian Offshore Directorate published data collected up to 2022. The Directorate is now releasing deep sea data gathered from 2022 to 2024. -
17 Apr 24
TGS and PGS receive Norwegian competition clearance for merger
Following the joint stock exchange announcement on 18 September 2023 by TGS and PGS regarding the combination of the two companies to establish the premier energy data company, TGS and PGS have confirmed that the Norwegian Competition Authority has provided its clearance of the Merger. -
17 Apr 24
Australia: Progress continues on Greater Sunrise development
The Sunrise Joint Venture (SJV) participants, comprising TIMOR GAP (56.56%), Operator Woodside Energy (33.44%), and Osaka Gas Australia (10.00%), following a global contract procurement process has awarded the Greater Sunrise Concept Study ontract to Wood Australia. -
17 Apr 24
UK: Q ENERGY to construct a 33 MWp solar PV farm in the UK
Q ENERGY has announced that it is advancing with the construction on a 33 MWp solar PV farm ('Whinfield Solar') near Darlington in the Northeast of England. Whinfield Solar will be equipped with nearly 60,000 ground-mounted solar modules and is expected to produce enough emission-free electricity to satisfy the average demand of more than 8,700 households. -
17 Apr 24
Norway: The future in the Barents Sea is here now - Norwegian Offshore Directorate
The Johan Castberg ship will soon be heading north. With the ship in place, the plan is to have three producing fields in the Barents Sea by the end of the year. We now have the opportunity to lay a good foundation for further development of this part of the Norwegian shelf, said Torgeir Stordal, Director General of the Norwegian Offshore Directorate, in his keynote address at the Barents Sea Conference. -
17 Apr 24
UK: Offshore wind industry unveils Industrial Growth Plan to triple supply chain manufacturing
RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published a detailed Industrial Growth Plan, setting out how to triple offshore wind manufacturing capacity over the next ten years, firmly establishing the UK as a leader in a surging global market.
