Latest News
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01 Dec 22
Guyana: Government of Guyana confirms Corentyne License remains in full force and effect and good standing - CGX and Frontera complete JOA amendment
CGX Energy and Frontera Energy, JV partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, have announced that the Government of Guyana has agreed with the JV's declaration of force majeure regarding Phase Two of the Second Renewal Period of the Corentyne Block Petroleum Agreement and a corresponding extension of the License to January 31, 2023. -
01 Dec 22
UK: Expro strengthens North Sea position with integrated well intervention and integrity contract for Apache
Energy services provider, Expro, has announced a new $50 million contract with North Sea operator Apache Corporation on its Beryl and Forties assets. -
01 Dec 22
Baltic Pipe commences operation at full capacity
Energinet, the Danish Transmission System Operator, has announced that, after three years of construction work and even longer preparation, the gas pipeline is now ready. The Baltic Pipe, which connects Norway, Denmark and Poland and helps ensure security of supply in Europe, went into full operation on 30th of November, 2022. -
01 Dec 22
Australia: Xodus architecting major hydrogen generation project in Western Australia
Global energy consultancy Xodus is architecting a new green hydrogen project based in the Mid-West region of Western Australia which will scale up to 1,000 megawatts (MW) of electrolyser capacity. -
01 Dec 22
Warrego Energy commences matching rights process in Beach SID in respect of Hancock takeover offer
Warrego Energy has received an off-market takeover offer from Hancock Energy to acquire all of the fully paid ordinary shares in Warrego, which has been determined as a Superior Proposal compared to the scheme proposal from Beach Energy announced by Warrego on 14 November 2022. -
01 Dec 22
Kazakhstan: TotalEnergies implements its energy transition strategy
TotalEnergies has implemented its energy transition strategy in Kazakhstan with, on the one hand, the sale of its affiliate Total E&P Dunga and, on the other the giant Mirny wind farm project that received the support of the French and Kazakh authorities. -
01 Dec 22
Iraq: Genel Energy receives payments for KRI oil sales
Genel Energy has announced that all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during July 2022. -
01 Dec 22
Australia: Central Petroleum's Palm Valley 12 well commences flowing sales gas
Central Petroleum has advised that the Palm Valley 12 (PV12) well has been tied-in and commenced flow testing on 28 November 2022. -
01 Dec 22
Russian upstream investments set to plunge by $15 billion this year as sanctions obscure production outlook - Rystad Energy
The financial impact of Western sanctions and the widescale exodus of foreign partners from the Russian oil and gas sector are beginning to materialize, with upstream investments set to sink to $35 billion in 2022, according to Rystad Energy research. -
01 Dec 22
US: Zephyr Energy commences production test at State 16-2 LN-CC well
Zephyr Energy, the Rocky Mountain oil and gas company, has announced that, following the completion of facilities construction and commissioning operations, the next phase of production testing has commenced on the State 16-2 LN-CC well and hydrocarbons are now flowing from the well, located on the Company's flagship project in the Paradox Basin, Utah, US. -
01 Dec 22
Eni reported to be in preliminary talks to buy Neptune Energy for $5-6 bln
Eni is reported to be in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion - $6 billion. -
01 Dec 22
Egypt: PGS release West Egypt MC3D Depth Merge and interpretation
PGS, in collaboration with EGAS, has completed an extensive 3D GeoStreamer data acquisition and imaging campaign in Egypt’s west Mediterranean Sea. The merged MC3D volume is an ideal screening product for companies looking to rapidly evaluate the subsurface potential of this frontier area. -
30 Nov 22
Canada: Enbridge completes partnership agreement in Woodfibre LNG
Enbridge has completed the previously announced transaction relating to its partnership agreement with Pacific Energy to jointly invest in the construction and operation of the Woodfibre LNG project, located near Squamish, B.C. Enbridge now has a 30% ownership stake in the Woodfibre LNG project, with Pacific Energy retaining the remaining 70% stake in the project. -
30 Nov 22
Poland: Aramco completes three transactions with PKN ORLEN in Poland
The Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, has successfully closed three landmark transactions with Polish refiner and fuel retailer PKN ORLEN, through its subsidiary Aramco Overseas Company, based in the Netherlands. -
30 Nov 22
Oman: Petrofac chosen by Shell for scopes in Oman
Petrofac, a leading provider of services to the global energy industry, has been selected by Shell to undertake new Engineering and Procurement Services (EPS) scopes in Oman.
