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07 May 24	Kosmos Energy announces first quarter 2024 results Kosmos Energy has announced its financial and operating results for the first quarter of 2024. For the quarter, the Company generated a net income of $92 million. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $99 million for the first quarter of 2024.
07 May 24	Zimbabwe: Invictus reports new Cabora Bassa 2023 2D infill seismic survey identifies multiple prospects Invictus Energy has provided an update on the interpretation of new Cabora Bassa 2023 2D Infill Seismic Survey ('CB23 survey') results from its 80% owned and operated Cabora Bassa Project in Zimbabwe. Multiple prospects have been identified in the Dande Formation with seismic amplitude characteristics suggestive of reservoired hydrocarbons.
07 May 24	UK: Finder awarded additional licences in 33rd UK Offshore Licensing Round Finder Energy has received offer letters from the North Sea Transition Authority (NSTA) notifying that it has been successful in winning two licences in the final tranche of awards in the 33rd UK Offshore Licensing Round.
07 May 24	UK: Orcadian Energy offered Southern North Sea licence as part of the 33rd Licensing Round The North Sea Transition Agency ('NSTA') has announced a further tranche of licence awards in the 33rd Round and has indicated that Orcadian Energy will be offered a further licence in the Southern North Sea in addition to the two Central North Sea licences offered on 31 January 2024.
07 May 24	UK: Baron Oil provides update on UK 33rd Offshore Licensing Round Baron Oil has been informed that its application, as a joint venture non-operating partner, in the UK offshore 33rd Round of licensing has been unsuccessful and consequently the Company has not been awarded any blocks in the Licensing Round. The Company no longer holds UK licences and will focus on its core area of SE Asia.
07 May 24	BP announces first quarter 2024 results BP has announced its first quarter 2024 results. The Company reports adjusted EBITDA $10.3 billion; underlying RC profit $2.7 billion; upstream production grew +2.1% vs 1Q23.
07 May 24	Uruguay: Challenger Energy provides update on strategic investment by Charlestown Energy and Chevron farm-out approval process Challenger Energy has entered into long-form legal documentation to give effect to the term sheet for an investment in the Company by Charlestown Energy Partners. Accordingly, Charlestown will advance a £1.5m loan to the Company on terms and conditions as previously announced. Challenger also advises that the regulatory approval process for the farm-out of a 60% interest in the AREA OFF-1 licence, offshore Uruguay, to a subsidiary of Chevron, is progressing.
07 May 24	Sudan: Wildcat Petroleum provides update from recent visit by Company to South Sudan After a recent very successful trip to South Sudan, Wildcat Petroleum has announced the signing of an MOU with the Ministry of Petroleum with regard to the possible development and commercial exploitation of the hydrocarbon assets in selected fields in the Republic of South Sudan.
07 May 24	US: Union Jack Oil announces positive Andrews 1-17 well update Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced a positive update in respect of the Andrews 1-17 well, drilled to test the West Bowlegs Prospect, located in Seminole County, Oklahoma, United States. The well has been declared a commercial discovery and first oil sales have already been made.
07 May 24	US/Australia: Mosman Oil and Gas announces production increase at Stanley and EP145 update Mosman Oil and Gas has provided an update on its Stanley project in the US where the recent gross production has increased 84% to circa 221 boepd. This is a material improvement from the recently notified March quarter gross average flow rate of 120 boepd.
07 May 24	China: CNOOC Limited announces Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project on-stream CNOOC Limited has announced that the Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project has commenced production. The project, located in central Bohai Sea, is expected to achieve a peak production of approximately 5,800 barrels of oil equivalent per day in 2026.
07 May 24	Denmark: BlueNord announces first quarter 2024 results BlueNord has published its first quarter of 2024 results. During the quarter, the Company delivered strong operational and financial performance. In addition, first gas from Tyra II was successfully achieved which means the project has entered a new phase of ramp-up where plateau production is expected in Q4 of 2024.
07 May 24	Germany: TGS launches multi-client wind and metocean measurement campaign offshore Germany TGS has announced the commencement of its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea. The collected data is streamed to shore and used to enhance decision-making to support several current and future wind lease rounds in the German Bight.
06 May 24	BW Offshore closes the sale of the FPSO Polvo to BW Energy Following the announcement on 22 April 2022, whereby BW Offshore announced the agreement to divest the FPSO Polvo to BW Energy for USD 50 million, BW Energy has received the final instalment and the transaction has been concluded.
06 May 24	Norway: ConocoPhillips announces successful first oil production at Eldfisk North ahead of plan The licensees of the Eldfisk Field, operated by ConocoPhillips Skandinavia, have announced successful first oil production on the Eldfisk North Project, located in the Greater Ekofisk Area in the North Sea. Oil and gas resources from the new project development are being produced some weeks ahead of plan.
06 May 24	Saipem's Hydrone-R achieves important milestone of uninterrupted subsea operations Saipem’s underwater intervention drone Hydrone-R, currently operating on Equinor's Njord Field development project offshore Norway, has achieved the milestone for continuous subsea residency of 167 days.
06 May 24	Norway: Norwegian Offshore Directorate grants Equinor a drilling permit for wells 7324/6-2 and 7324/8-4 The Norwegian Offshore Directorate has granted Aker BP a drilling permit for the wells 7324/6-2 and 7324/8-4 in production license PL 1170.
06 May 24	Australia: Energy innovation, designed and made in Victoria The Allan Labor Government is supporting a new mobile power generator, combining solar and renewable hydrogen to provide reliable zero-emissions, off-grid energy as an alternative to mobile diesel generators. Minister for Energy and Resources Lily D’Ambrosio has launched the H2PowerBox – a renewably powered, innovative trailer-mounted power system.
06 May 24	Egypt: ADES Holding Company secures new award in Egypt ADES Holding Company, a world leading oil and gas drilling services provider, has announced that it has received a Direct Award of Contract (DAC) from Suez Oil Company (SUCO) in Egypt for a 21-month jackup drilling contract in the Gulf of Suez, expected to commence in the coming weeks.
06 May 24	UK: New oil and gas licences strengthen every sector of the UK - OEUK Offshore Energies UK says the May 3 offer of 31 new oil and gas licences to operators by the North Sea Transition Authority (NSTA) strengthens energy security and business confidence across all sectors as the expansion into wind, hydrogen and carbon capture and storage accelerates.
06 May 24	Denmark: BlueNord provides update on Tyra Redevelopment Project BlueNord has provided an update on the Tyra Redevelopment Project. The operator, TotalEnergies, has concluded that the transformer for the IP gas compressor needs to be repaired which will impact the timing of the ramp-up to maximum technical capacity.
06 May 24	Guyana: Seatrium secures FPSO topsides integration contract with MODEC Seatrium has secured a Floating Production Storage and Offloading (FPSO) topsides integration contract from longstanding customer, Offshore Frontier Solutions, a MODEC Group company. The contract scope of work covers the installation and integration of topside modules onboard the FPSO Errea Wittu, which will be deployed in the Uaru Field, Stabroek Block, approx. 200 kms offshore Guyana.
06 May 24	US: TGS secures new Ocean Bottom Node data acquisition contract in North America TGS, a leading global provider of energy data and intelligence, has announced the award of an Ocean Bottom Node (OBN) data acquisition contract in North America.
06 May 24	UK: Dragon LNG partnered with Worley to explore integration of LNG and CO2 Liquefaction Processes Dragon LNG, a key player in the UK’s energy security landscape and a member of the esteemed South Wales Industrial Cluster, recently announced a significant step towards sustainable energy solutions. The company awarded a contract to Worley, global professional services company of energy, chemicals and resources experts, to conduct a comprehensive feasibility study.
06 May 24	Strategic alliance between Nano One and Worley for battery materials technology Nano One Materials Corporation and Worley have entered into a strategic alliance agreement and a 20-year license agreement for the purposes of developing, marketing, licensing and rapidly deploying cathode active material production facilities for the energy storage, transportation and mobility sectors.