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30 Apr 24 |
US: Interior Department proposes offshore wind sales in Oregon, Gulf of Maine In another step by the Biden-Harris administration to support the growing momentum across America for a clean energy economy, the Department of the Interior has announced two proposals for offshore wind energy auctions off the coast of Oregon and in the Gulf of Maine. |
30 Apr 24 |
Taiwan: UTEC strengthens presence in Taiwan’s offshore renewables market UTEC, a brand in marine energy and infrastructure services company Acteon, has been awarded an offshore survey and positioning contract for the Taiwan Power Company (TPC) Phase 2 wind farm project offshore Taiwan. The contract further reinforces UTEC’s foothold in Taiwan building on its initial entry in 2019. |
30 Apr 24 |
VAALCO Energy announces closing of accretive all cash Svenska acquisition VAALCO Energy has closed the acquisition of Svenska Petroleum Exploration, an exploration and production company based in Stockholm, Sweden. As previously disclosed, Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa. Net purchase price of $40.2 million was fully funded by cash on hand with no issuance of debt or equity. |
30 Apr 24 |
Denmark: AGR to support geothermal drilling campaign in Denmark AGR has been awarded a contract by geothermal energy supplier Innargi to provide technical consultancy for three geothermal appraisal wells that are being drilled in Aarhus, Denmark. Innargi is owned by A.P. Moller Holding, ATP, NRGi, and Sampension. The company aims to bring clean, reliable district heating to Europe through the renewable resource in subsurface– geothermal energy. |
30 Apr 24 |
UK: Perenco fined record £225,000 for exceeding vent consent Perenco UK has been fined £225,000, the highest ever financial penalty handed out by the North Sea Transition Authority (NSTA), for venting 59 tonnes of gas for over a month from its Dimlington onshore gas processing plant without consent. |
30 Apr 24 |
UK: Hartshead announces quarterly report for the period ended 31 March 2024 Hartshead Resources has provided an overview of the Company’s quarterly activities for the period ending 31 March 2024. The P2607 Joint Venture continues to work on the development of the Anning & Somerville gas fields assuming various possible fiscal scenarios. |
30 Apr 24 |
UK: Archer secures a 2-year contract extension worth USD 40 million Archer has been awarded a two-year contract extension for platform drilling services in the UK with an estimated contract value of USD 40 million. |
30 Apr 24 |
UK: Deltic Energy provides Pensacola update AIM-listed Deltic Energy has provided an update in relation to its Pensacola Discovery on Licence P2252 in the Southern North Sea in which Deltic holds a 30% interest. |
30 Apr 24 |
Morocco: Sound Energy provides exploration permit update Sound Energy, the transition energy company, has provided a further update regarding amendments to its exploration permits at Anoual, and entry into the optional Complementary Period under the exploration permits at Anoual. |
30 Apr 24 |
VAALCO Energy announces publication of its 2023 Sustainability Report VAALCO Energy has issued its 2023 Sustainability Report. The report covers VAALCO's environmental, social and governance ('ESG') initiatives and related key performance indicators for the financial year 2023. |
30 Apr 24 |
Brazil: DOF group awarded multiple contracts with Petrobras DOF has announced that Petrobras has awarded new long-term charter and service contracts for the Skandi Amazonas and Skandi Rio. Both contracts will generate revenue beyond USD 192 M. |
30 Apr 24 |
Gabon: Panoro Energy provides Dussafu operations update Panoro Energy has provided an update on operations at the Dussafu Marin Permit offshore Gabon. Gross production averaged approx. 24,840 bopd in Q1 2024 and in Q2 to date has averaged approx. 29,800 bopd, the uplift in output being attributable to start up of production at the Hibiscus South field where the DHBSM-1H production well was put onstream in March. |
30 Apr 24 |
Gabon/Brazil: BW Energy provides Q1 2024 trading update BW Energy, as the operator of the Dussafu Marine licence in Gabon and the Golfinho cluster offshore Brazil, has provided an update on its operations and development. |
30 Apr 24 |
Gabon: BW Energy signs USD 150 million sale and leaseback for MaBoMo production facility BW Energy has announced the execution of a sale and leaseback agreement for the MaBoMo production facility on the Dussafu Licence offshore Gabon. The agreement will provide USD 150 million of gross sales proceeds under a ten-year lease term with an option to repurchase the unit from the end of year seven. |
30 Apr 24 |
UK: Shelf Drilling secures new contract in UK North Sea Shelf Drilling has announced that a subsidiary of Shelf Drilling (North Sea) has secured a contract for the Shelf Drilling Fortress jack-up rig with a North Sea operator for operations in the UK Continental Shelf. |
29 Apr 24 |
Qatar: QatarEnergy signs time charter agreements with three international companies for the operation of 9 QC-Max size LNG vessels QatarEnergy signed long-term time charter party (TCP) agreements with three ship owners for the operation of nine new, ultra-modern LNG vessels as part of the QC-Max part of its historic LNG fleet expansion program. |
29 Apr 24 |
Norway: Aker Solutions to upgrade Mongstad refinery for Equinor Aker Solutions has been awarded a substantial EPCIC-contract by Equinor to upgrade the wastewater treatment plant facilities and lower the environmental impact of the Mongstad refinery on the west coast of Norway. |
29 Apr 24 |
Global upstream opportunities valued at $150 billion expected to fuel M&A activity in 2024 - Rystad Energy After the biggest first quarter for global upstream dealmaking in five years, the industry could see another $150 billion of merger and acquisition (M&A) deals in the remainder of 2024. |
29 Apr 24 |
Namibia: Chevron acquires 80 percent interest and operatorship of PEL 82, offshore Namibia Sintana Energy has announced that Chevron has executed an agreement that provides for their entry into Petroleum Exploration License 82 ('PEL 82') with the assumption of an 80% working interest and operatorship. |
29 Apr 24 |
NTU Singapore, ExxonMobil and A-STAR launch S$60 million corporate lab for low carbon solutions ExxonMobil Technology and Engineering Company (ExxonMobil), Nanyang Technological University, Singapore (NTU Singapore), and the Agency for Science, Technology and Research (A-STAR) have established the ExxonMobil-NTU-A-STAR Corporate Lab to develop solutions that would help lower carbon emissions, contribute to resource efficiency, and help build a more sustainable future. |
29 Apr 24 |
Norway: The Norwegian Offshore Directorate has granted Equinor a drilling permit for wells 35/10-14 S and 35/10-14 A PL 1185 The Norwegian Offshore Directorate has granted Equinor a drilling permit for wells 35/10-14 S and 35/10-14 A in PL 1185. The wells will be drilled by the Deepsea Stavanger semi-sub. |
29 Apr 24 |
Petrofac announces update on restructuring and trading update Petrofac has announced a delay to its audited full year 2023 results which it now expects to publish by 31 May 2024. The Company also reports the progress made with creditors on its financial restructuring and issues a trading update. |
29 Apr 24 |
Wood appoints Chief Strategy Officer Wood, a global leader in consulting and engineering, has appointed Jennifer Richmond as Chief Strategy Officer (CSO). The newly created role will combine and streamline several of Wood's corporate functions to drive progress on the company's growth strategy and priorities. |
29 Apr 24 |
Brazil: Perenco announces acquisition of Cherne and Bagre concessions, Campos Basin, Brazil Perenco Brazil has announced the acquisition of the Cherne and Bagre concessions from Petrobras. Following the closing of the transaction, expected in 2025, Perenco Brazil will implement an ambitious redevelopment plan to revitalise the assets, restart production to a target rate of 10,000-15,000 barrels of oil per day and unlock in excess of 50 mmstb of reserves. |
29 Apr 24 |
France: Ørsted to divest its French onshore business Ørsted has announced the divestment of its French onshore operations to ENGIE as part of a strategic prioritisation of other European markets for onshore renewables. |