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02 May 24	Morocco: Chariot commences drilling operations onshore Morocco AIM-listed Chariot, the Africa focused transitional energy group, has announced that drilling operations have commenced at the Loukos Onshore licence, onshore Morocco, with the spud of the RZK-1 well on the Gaufrette prospect.
02 May 24	Amplus forms new partnership with VG Energy in ambitious plan to target untapped reserves in West Africa Amplus VGE, a joint venture between UK-headquartered Amplus Energy and Nigeria-based Versatile Group (VG Energy), along with support from Norway’s Carbon Circle, is bringing together innovative solutions to unlock lucrative marginal fields in West Africa.
02 May 24	US: Nordex Group receives order for 148 MW for N149/5.X turbines The Nordex Group has received an order for N149/5.X turbines from the United States and will be supplying 25 of its Delta 4000 series models. The turbines will be installed with an 89m seismic tower at an undisclosed wind farm in California.
02 May 24	Ørsted announces interim report for the first quarter of 2024 Ørsted has announced its interim report for the first quarter of 2024. Operating profit in line with expectations, with offshore site earnings increasing 18%. Business plan progressing with Sunrise Wind award and completion of two offshore wind farms.
02 May 24	Valaris reports first quarter 2024 results Valaris has reported first quarter 2024 results. The Company reports net income of $26 million, Adjusted EBITDA of $54 million and Adjusted EBITDAR of $84 million. Awarded new contracts and extensions with associated contract backlog of more than $520 million during the first quarter.
02 May 24	Australia: Copenhagen Infrastructure Partners secures two offshore wind feasibility licences in Australia and launches new platform company Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, has announced it was successful in Australia’s first offshore wind Feasibility Licence process securing two licences. CIP has site exclusivity to develop offshore wind projects over two areas one 586km2 and the other 689 km2.
02 May 24	Shell announces first quarter 2024 results Shell has announced its first quarter 2024 results. Q1 2024 Adjusted Earnings of $7.7 billion, reflecting strong operational performance across the business. CFFO of $13.3 billion for the quarter includes a working capital outflow of $2.8 billion. Commencing a $3.5 billion share buyback programme, expected to be completed by Q2 2024 results announcement. 2024 cash capex outlook unchanged: $22 - 25 billion.
02 May 24	Union Jack Oil to Present at Sidoti Virtual Investor Conference Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, and exploration company, announced that Zac Philips, Commercial Advisor, will present and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference, taking place on May 8-9, 2024.
02 May 24	Italy: Heads of Agreement signed between Gunvor and LNEnergy Reabold Resources has announced the execution of a non-binding Heads of Agreement between Gunvor International and LNEnergy for the purchase of liquefied natural gas ('LNG') by Gunvor from LNEnergy from the Colle Santo gas field, located onshore Italy. LNEnergy has the exclusive right to acquire a 90% interest in Colle Santo and Reabold owns a 26.1% equity interest in LNEnergy.
02 May 24	Australia: Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia Mainstream Renewable Power has announced that Gippsland Skies Offshore Wind, a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.
01 May 24	Cyprus: Eni CEO meets with President of the Republic of Cyprus Nikos Christodoulides to discuss Eni’s activities and future projects in the Country The President of the Republic of Cyprus Nikos Christodoulides and Eni Chief Executive Officer Claudio Descalzi met in Nicosia to discuss Eni’s activities and future projects in the Country. In particular, President Christodoulides and Eni CEO reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies,of Cronos and Zeus which led to the drilling of Cronos 2 appraisal well in late 2023.
01 May 24	Canada: C-NLOPB announces 2024 Call for Bids in the Eastern Newfoundland Region The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licences in the Eastern Newfoundland Region. Call for Bids No. NL24-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 41 parcels and a total of 10,287,196 hectares.
01 May 24	Ocean Edge Services continues growth with new project awards in the Gulf of Mexico, Guyana, and West Africa Ocean Edge Services has announced recent project awards totaling over US$10 million. The contracts include Production Hydraulic Power Units, Subsea Distribution equipment, and Intervention Workover Control Systems.
01 May 24	UK: L&G NTR Clean Power Fund purchases minority stake in the East Anglia ONE offshore windfarm he L&G NTR Clean Power (Europe) Fund has successfully completed the acquisition of a minority stake in the East Anglia ONE offshore windfarm, alongside the Development Bank of Japan Inc. Situated 43km off the coast of Suffolk, England, the Fund’s stake has been purchased from Macquarie Asset Management.
01 May 24	UK: Carbon capture and storage technology lands in the English Channel The leading trade body Offshore Energies UK says a new carbon storage licence being offered in the English Channel is an innovative way to store greenhouse gas emissions from industrial emitters on the South Coast. The North Sea Transition Authority (NSTA) has invited applications for an out of round CO2 storage licence in saline aquifers off the Isle of Wight.
01 May 24	UK: Wood awarded North Sea decarbonisation project for TotalEnergies Wood, a global leader in consulting and engineering, has been awarded a new decarbonisation contract by TotalEnergies to support flare gas recovery in the North Sea. The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, follows Wood’s successful completion of a field study and front-end engineering design (FEED) and includes the coordination of operations, procurement and design aspects for the Elgin asset.
01 May 24	Touchstone Exploration announces acquisition of Trinity Exploration and Production Touchstone Exploration has reached an agreement with Trinity Exploration and Production on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity. Trinity is a crude oil exploration, development and production company with onshore and offshore assets located solely in the Republic of Trinidad and Tobago.
01 May 24	Morocco: Predator confirms ratification of Guercif Sandjet rigless testing programme Predator Oil & Gas Holdings has announced that further to the Company's announcement on 20 February 2024, Predator confirms that Petroleum Agreement Amendment No 4 has been ratified and that preparations for the Sandjet rigless testing programme can now be progressed as planned.
01 May 24	Brazil: Petrobras oil and natural gas production grows 3,7% in 12 months Petrobras' average production of oil, NGL, and natural gas in the 1st quarter of 2024 (1Q24) reached 2,776 million barrels of oil equivalent per day, an increase of 3.7% compared to production in the same period of the previous year (1Q23).
01 May 24	Australia: Ørsted secures licences to develop large-scale offshore wind projects in Australia The Australian Government has announced that it has granted a feasibility licence for Ørsted’s first offshore wind project in Australia and intends to grant a licence for a second project, subject to consultation. With the licences, Ørsted aims to develop large-scale offshore wind farms off the coast of Gippsland, Victoria, to be operational in the early 2030s.
01 May 24	UK: Balmoral Comtec marks renewables milestone with Hornsea 3 contract award Balmoral Comtec, a Balmoral Group company and a major provider of buoyancy, protection and insulation services to the global offshore energy market, has been awarded a multi-million-pound contract for the supply of 400 cable protection systems (CPS) by Ørsted for its Hornsea 3 project, located 120km off the Norfolk coast in the UK.
01 May 24	UK: UKOG to farm out Loxley Gas Project AIM-listed UK Oil & Gas (UKOG) has appointed UK based oil and gas divestment and project marketing specialists, Envoi to facilitate the farmout of up to a 50% working interest in the Company's material 100% owned Loxley gas and hydrogen feedstock project. The farmout seeks to fully fund the planned Loxley-1 appraisal drilling and testing programme with the Company's share of costs being carried by the farminee or farminees.
01 May 24	US: LKA confirms 79 mmbbl of recoverable reserves and resources in Ahpun's Alkaid Horizon after Alkaid-2 long term test Pantheon Resources, the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects on Alaska's North Slope, has announced the results of an updated Independent Expert Report. This update covers the Alkaid horizon within its Ahpun Field over which it has a 100% working interest.
01 May 24	Aramco and FIFA announce global partnership Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a four-year global partnership with FIFA.
30 Apr 24	US: ProPetro in three year Hydraulic Fracturing Services Agreement with ExxonMobil in the Permian Basin ProPetro has entered into a three year Hydraulic Fracturing Services Agreement to provide electric hydraulic fracturing services to ExxonMobil in the Permian Basin.