Latest News

  • 28 Mar 24
    UK: Petrofac secures contract extension with ONEgas West in core UK market
    Petrofac, has secured a contract extension in the Southern North Sea with ONEgas West (a NAM operated and Shell UK owned venture). Petrofac will continue to provide services across ONEgas West’s Southern North Sea portfolio, supporting the Clipper South complex, Leman Alpha assets, Bacton Terminal, and ONEgas Barge campaigns.
  • 28 Mar 24
    Stena Drilling announces 20,000-psi equipment upgrade for 7th Generation Drillship Stena Evolution
    Stena Drilling has announced a significant equipment upgrade for their state-of-the-art 7th Generation Drillship, 'Stena Evolution'. With this enhancement, Stena Evolution will be capable of drilling and completing wells requiring 20,000 psi (20K) pressure control, enabling drilling in previously inaccessible reservoirs for our clients.
  • 28 Mar 24
    March 28, 1924: TotalEnergies is 100!
    Today, TotalEnergies’ 100,000 employees in 120 countries worldwide are pleased and proud to celebrate the 100th anniversary of the Company’s creation. TotalEnergies’ 100-year history tells the story of the world and energy, from the 1920s to the present day.
  • 28 Mar 24
    US: Union Jack Oil reports spudding of the Andrews-1-17 well, West Bowlegs, Oklahoma, USA
    AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development and exploration company, has been informed by the Operator, Reach Oil & Gas Company Inc, that the drilling rig is on location and that the Andrews-1-17 well has now spudded. The Andrews-1-17 well will test the West Bowlegs Prospect, located in Seminole County, Oklahoma, USA in which Union Jack holds a 45% working interest.
  • 28 Mar 24
    EnQuest announces results for the year ended 31 December 2023 and 2024 outlook
    EnQuest achieved its 2023 targets, delivering strong operational performance across the operated portfolio and continuing to de-lever its balance sheet, with year-end EnQuest net debt reduced to $481 million. Statutory revenue and other income totalled $1,487.4 million (2022: $1,853.6 million) and adjusted EBITDA totalled $824.7 million (2022: $979.1 million).
  • 28 Mar 24
    UK: Baron Oil provides update on UK Licence P2478
    AIM-listed Baron Oil has provided an update in relation to the offshore UK Licence P2478 (Blocks 12/27c,17/5,18/1 and 18/2), in which Baron holds a 32% interest. Reabold Resources is the Licence administrator. The Licence will be surrendered to the UK North Sea Transition Authority ('NSTA') on 31 March 2024.
  • 28 Mar 24
    Pantheon Resources provides an update on its development planning and funding initiatives
    AIM-listed Pantheon Resources, the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, covered by 193,000 acres of leases with an additional c. 66,000 acres to be awarded following successful bids in the December 2023 lease sales, all in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, has provided an update on its development planning and funding initiatives.
  • 28 Mar 24
    Capricorn provides full year results announcement and details of proposed $50m special dividend
    Capricorn has provided a full year results announcement and details of proposed $50m special dividend. Significant progress was made in 2023 in exiting non-Egypt exploration licences in Mexico, Mauritania and Suriname. The Company remains committed to the potential of its Egypt assets.
  • 27 Mar 24
    SLB announces agreement to acquire majority ownership in Aker Carbon Capture
    SLB has announced an agreement to combine its carbon capture business with Aker Carbon Capture to support accelerated industrial decarbonization at scale. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%.
  • 27 Mar 24
    US: Zephyr Energy annouces Salt Wash helium project update
    Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations is pleased to provide an update on the Company's proposed farm-in to a minimum 75 per cent working interest in a 1,047-acre leasehold position in the Salt Wash Field, a previously producing asset with proven oil, gas and helium reserves located three miles to the south of Zephyr's Paradox project in Utah, U.S.
  • 27 Mar 24
    UAE: ADNOC announces first production from Belbazem offshore block
    ADNOC has announced the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy. Tthe Belbazem Block consists of three offshore fields; Belbazem, Umm Al Salsal and Umm Al Dholou.
  • 27 Mar 24
    Eni renews membership with the MIT Energy Initiative
    Eni has renewed its membership participation in the MIT Energy Initiative (MITEI) as a Founding Member until end of 2027, furthering its commitment to the field of low-carbon energy research. The agreement demonstrates Eni’s consideration of innovation and research as core drivers behind its short-, medium- and long-term decarbonization goals, in line with the company’s strategy.
  • 27 Mar 24
    Malaysia: McDermott awarded offshore contract from PTTEP
    McDermott has been awarded a sizeable offshore transportation, installation and commissioning contract from PTTEP for the Kikeh subsea gas lift project, located 120 kms northwest of the island of Labuan, offshore Sabah in East Malaysia.
  • 27 Mar 24
    Mosman Oil and Gas announces Half Year results to 31 December 2023
    AIM-listed Mosman Oil and Gas, the hydrocarbon, helium and hydrogen exploration, development and production company, has announced its Half Year results to 31 December 2023.




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