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09 May 24	Australian Government announces Future Gas Strategy The Australian Government has released a medium and long-term strategy that establishes the role gas will play in the transition to net zero by 2050, securing affordable gas for Australia as it moves to a more renewable grid, and confirming its commitment to being a reliable trading partner.
09 May 24	US: Equinor enters partnership with Standard Lithium Equinor has entered into an agreement with Standard Lithium to acquire a 45% share in two lithium project companies in Southwest Arkansas and East Texas. Lithium is an essential mineral in the energy transition and is required to meet the projected growth in electric vehicles and broader battery energy storage.
09 May 24	CGG launches AI cloud solution powered by NVIDIA for optimized AI and HPC workloads CGG, a global technology and HPC leader, has announced the launch of its AI Cloud solution, designed to meet the needs of data-intensive industries, including life sciences, digital media, manufacturing and geoscience, that seek to optimize and accelerate their demanding and resource-heavy AI workloads.
09 May 24	Oman: CB&I awarded contract by TotalEnergies and OQ for full containment liquefied natural gas tank in Oman CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a significant contract by Marsa Liquefied Natural Gas, a joint venture between TotalEnergies and OQ for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.
09 May 24	Valeura Energy announces Q1 2024 results Valeura Energy, the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, reports its unaudited financial and operating results for the three month period ended March 31, 2024.
09 May 24	Wood Group announces trading update Q1 2024 John Wood Group has announced a trading update for the quarter ended 31 March 2024. Wood is in the second year of its growth strategy and is making good progress, with EBITDA growth, margin expansion and an order book 9% higher than a year ago.
09 May 24	Harbour Energy announces trading and operations update Harbour Energy has provided an unaudited Trading and Operations Update for the first quarter of 2024. During the first quarter, Harbour continued to maximise the value of its UK production base and advance its organic growth projects. At the same time, the Company made significant progress towards completion of the Wintershall Dea acquisition.
09 May 24	Iraq: Genel Energy announces trading and operations update Genel Energy has issued a trading and operations update relating to Q1 2024. The Company reports gross production of 76,310 bopd in Q1 2024 (65,770 bopd in Q4 2023), all from the Tawke licence, where local sales demand remains robust, with net production of 19,080 bopd in Q1 2024 (16,440 bopd in Q4 2023).
09 May 24	Congo Brazzaville: PetroNor E&P confirms USD 48.3 million cash sale of PNGF Sud oil PetroNor E&P confirms that 583,695 bbls of oil were lifted and sold from the Djeno Terminal to ADNOC, the National Oil Company of Abu Dhabi in May 2024, generating a cash inflow of USD 48.28 million at a realised price of USD 82.71 per barrel.
08 May 24	Peru: PetroTal announces strategic acquisition of Block 131 in Peru PetroTal has announced the execution of a definitive agreement to acquire a 100% working interest in Peru Block 131, including the producing Los Angeles field, through the acquisition of CEPSA Peru, which represents the entire Peruvian business unit of CEPSA, for a purchase price of approx. $5.0 million in cash.
08 May 24	UAE: ADNOC signs third long-term Heads of Agreement for Ruwais LNG Project ADNOC has announced the signing of a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).
08 May 24	Sidara announces response to statement by John Wood Group regarding possible cash offer to acquire Wood Sidara notes the announcement made by Wood and confirms that on 30 April 2024 it submitted a proposal to Wood regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood of 205 pence for each Wood share. This non-binding proposal was rejected by Wood on 8 May 2024 and Sidara is considering its next steps.
08 May 24	Wood Group responds to speculation regarding an unsolicited possible cash offer for the Company The Board of Wood notes recent speculation and confirms that it received an unsolicited, preliminary and conditional proposal from Dar Al-Handasah Consultants Shair and Partners Holdings ('Sidara'), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood.
08 May 24	UK: Hartshead Resources awarded ten blocks in UK 33rd Licensing Round Hartshead Resources has been notified by the North Sea transition Authority (NSTA) that it has been successful in winning ten blocks in the recent UK 33rd Licensing Round. All blocks contain either gas field re-developments or undeveloped gas fields.
08 May 24	Germany: Ørsted offshore wind farm Gode Wind 3 generates first power The first of a total of 23 turbines has been successfully installed at the Gode Wind 3 offshore wind farm. The most powerful and largest turbine in German waters is now feeding electricity into the transmission grid. A new milestone for the German offshore wind industry.
08 May 24	UK: Spotlight on communities as social scientist takes over as Chair in Ørsted partnership with Durham University Durham University’s Durham Energy Institute (DEI) and leading renewable energy developer Ørsted have renewed their long-standing partnership, welcoming Professor Simone Abram as the first social scientist to lead the Institute
08 May 24	Malaysia: Odfjell Technology secures three well services contracts in Malaysia Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded three well services contracts in Malaysia, marking a significant milestone in the company’s position in the Asia Pacific region.
08 May 24	Gabon: Hibiscus South pilot well confirms hydrocarbons BW Energy has announced that the DHBSM-2P pilot well confirms that the Hibiscus South deposit extends into the northern part of the field with good reservoir quality, increasing reserve estimates. The Company plans to complete the well as a production well later in 2024.
08 May 24	US: BOEM completes environmental review of Beacon Wind’s proposal for additional site testing offshore Massachusetts The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Beacon Wind’s proposal to test suction bucket foundations on its lease area offshore Massachusetts. BOEM determined that the proposed testing will not cause significant impacts to environmental resources. Suction bucket foundations are an alternative foundation type that allow for installation of turbines without the need for pile driving.
08 May 24	Norway's Ministry of Energy announces APA 2024 The Norwegian Ministry of Energy has announced APA 2024, encompassing the predefined areas with blocks in the Norwegian Sea, Norwegian Sea and Barents Sea. The deadline to apply for APA 2024 is September 3 2024.
08 May 24	CGG announces alliance with Baker Hughes offering carbon capture and storage solutions CGG has signed a Memorandum of Understanding with Baker Hughes, an energy technology company, at the 2024 Offshore Technology Conference (OTC) in Houston to facilitate the parties exploring jointly offered carbon capture & storage (CCS) solutions.
08 May 24	SBM Offshore announces Q1 2024 trading update SBM Offshore has announced a Q1 2024 trading update. The Company reports year-to-date Directional revenue of US$871 million, in line with expectation and full year 2024 Directional revenue and Directional EBITDA guidance maintained. Awarded contracts in April for the construction and installation of ExxonMobil Guyana’s FPSO Jaguar as part of the Whiptail development.
08 May 24	Occidental announces Q1 2024 results Occidental announced net income attributable to common stockholders for the first quarter of 2024 of $718 million, or $0.75 per diluted share, and adjusted income attributable to common stockholders of $604 million, or $0.63 per diluted share.
08 May 24	Venezuela: Maurel & Prom receives a specific license from the OFAC in relation to its operations in Venezuela Maurel & Prom has received a specific license it had applied for on 1 September 2023 from the U.S. Treasury Department’s Office of Foreign Assets Control ('OFAC') in relation to its 40% consolidated interest in the mixed company Petroregional del Lago ('PRDL'), which operates the Urdaneta Oeste field in Lake Maracaibo in Venezuela.
08 May 24	Aramco announces first quarter 2024 results Aramco has announces first quarter 2024 results. Net income: $27.3 billion (Q1 2023: $31.9 billion). Cash flow from operating activities: $33.6 billion (Q1 2023: $39.6 billion)