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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.
06 May 24	Unique Group acquires Subsea Innovation to strengthen engineering and consulting expertise Unique Group, global innovators in subsea technologies and engineering, has announced the strategic acquisition of subsea technology and equipment manufacturer, Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development.
06 May 24	UK: NSTA offers 31 more licences in final set of 33rd round awards The North Sea Transition Authority (NSTA) has offered a further 31 licences in the latest phase of the 33rd oil and gas licensing round. A total of 82 offers to 50 companies have now been made in the round which attracted 115 bids from 76 companies across 257 blocks and part-blocks.
06 May 24	Denmark: Apollo secures £10 million PMC Contract for INEOS E&P’s Hejre Project in the Danish North Sea Apollo, a leading engineering and energy advisory consultancy, has announced its successful award of the Project Management Consultancy (PMC) Contract for INEOS E&P’s Hejre Project, in the Danish North Sea. The project entails the development of a greenfield platform, subsea infrastructure, and associated complex brownfield modifications.
06 May 24	Namibia: Azule Energy and Rhino Resources announce strategic farm-in agreement for Block 2914A (PEL 85), offshore Namibia Azule Energy, an independent joint venture created in 2022 by combining bp and Eni assets in Angola, and Rhino Resources Namibia have announced the execution of a farm-in agreement which, on completion, will grant Azule a 42.5% interest in Block 2914A located in the offshore Namibian Orange basin, the location of several major oil discoveries since 2022.
03 May 24	UK: Booming pipeline of battery projects increases by two-thirds in last 12 months A new report published by RenewableUK shows that the pipeline of battery projects has grown by two-thirds in capacity over the last year nationwide. Battery storage is essential for providing the security and flexibility that will make our future energy system resilient and reliable.
03 May 24	Bahrain: Masdar and Bapco Energies to develop up to 2GW of wind projects in the Kingdom of Bahrain Masdar, the UAE’s clean energy powerhouse, has signed an agreement with Bapco Energies, the integrated energy company leading the energy transition in the Kingdom of Bahrain, to jointly explore the development and investment in wind projects in the Kingdom with a capacity of up to 2 gigawatts (GW).
03 May 24	Vestas announces Interim Financial Report Q1 2024 Vestas reports quarterly revenue of EUR 2.7bn with an EBIT margin before special items of (2.5) percent. Order intake of 2.3 GW and record-high combined order backlog of EUR 61.0bn. Full-year guidance maintained. Adjusted free cash flow amounted to EUR (997)m compared to EUR (1,280)m in the first quarter of 2023.
03 May 24	Zephyr Energy announces debt for equity exchange and State 36-2R well drilling update Zephyr Energy, the Rocky Mountain oil and gas company, has retired US$3.88 million (£3.11 million) of existing debt through the issuance of US$3.88 million (£3.11 million) of equity. The Company has also provided an update on the State 36-2R well, which is progressing as expected.
03 May 24	Plenitude publishes 2023 financial statements, Sustainability and Impact Report Plenitude has published its financial statements for 2023, as well as its Sustainability and Impact Report. The 2023 financial year ended with an adjusted operating profit of €515 million and an adjusted net profit of €220 million, both seeing an increase of approximately 50% compared to 2022.
03 May 24	Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO Yinson Production has announced the successful closing of the limited recourse term loan facility of up to USD 1.3 billion for the pre- and post-delivery financing of the Agogo FPSO. Once construction is completed, the Agogo FPSO will be deployed to the Agogo Integrated West Hub Development Project located in the West Hub of Block 15/06 offshore Angola.
03 May 24	Italy: Prospex Energy provides update on the Selva Malvezzi production concession in Italy Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy.
03 May 24	Technip Energies announces its unaudited financial results for the first quarter of 2024 Technip Energies, a leading Engineering & Technology company for the energy transition, has announced its unaudited financial results for the first quarter of 2024.
03 May 24	Murphy Oil announces Q1 2024 financial and operational results Murphy Oil has announced its financial and operating results for the first quarter ended March 31 2024, including net income attributable to Murphy of $90 million. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $131 million.
02 May 24	APA Corporation announces Q1 2024 financial and operational results APA reported net income attributable to common stock of $132 million. When adjusted for items that impact the comparability of results, APA’s first-quarter earnings were $237 million. Net cash provided by operating activities was $368 million and adjusted EBITDAX was $1.24 billion. Following the completion of the Callon acquisition, APA is providing revised full-year 2024 guidance. In 2024, APA plans to invest $2.7 billion in upstream oil and gas capital.
02 May 24	Nigeria: PGS data supports Nigeria 2024 Bid Round PGS, a leading provider of seismic and reservoir data for energy exploration and development, has data over 10 offshore blocks on offer in the Nigeria 2024 Bid Round announced this week.
02 May 24	FTC order bans former Pioneer CEO from Exxon board seat in Exxon-Pioneer deal The US Federal Trade Commission took action to resolve antitrust concerns surrounding Exxon Mobil Corporation’s $64.5 billion acquisition of oil producer Pioneer Natural Resources by approving a consent order that prevents founder and former Pioneer CEO Scott Sheffield from gaining a seat on Exxon’s board of directors or serving in an advisory capacity at Exxon once it acquires Pioneer.
02 May 24	Norway/Canada: Subsea Integration Alliance signs collaboration agreement with Equinor - commencing work on Wisting and Bay du Nord Subsea 7 has announced the signing of a new long-term strategic collaboration agreement between Equinor and Subsea Integration Alliance (which comprises Subsea7 and OneSubsea). The agreement paves the way for exclusive collaboration to begin immediately on early, joint concept studies for two projects: the Wisting field offshore Norway, and Bay du Nord, off Newfoundland and Labrador, Canada.
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.