Latest News
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29 Nov 20
Australia: Backing new energy breakthroughs and Victorian jobs
The Andrews Labor Government is fast-tracking the next generation of renewable energy, with more than $100 million to unlock the next wave of cleaner, more reliable power, which could create thousands of jobs. -
28 Nov 20
Eni presents the 19th edition of the World Oil, Gas and Renewables Review
Eni has released the 19th edition of the World Oil, Gas and Renewables Review, the annual statistics report on oil, natural gas and renewable sources. -
28 Nov 20
Brazil: ANP announces details of 17th Bidding Round
Brazil's ANP has announced details of the 17th Bidding Round, in which ninety-six blocks will be offered in the Campos, Pelotas, Potiguar and Santos Sedimentary Basins, totaling 54,000 sq km. Deadline for submission of bids is October 7 2021. -
27 Nov 20
Delek Group publishes its Q3 2020 reports
Delek Group has published its financial statements for the third quarter of 2020. The Group's net profit in the third quarter was NIS 149 million, a surge of 130% compared to the corresponding period last year. Revenues amounted to NIS 1.7 billion compared to NIS 566 million in the third quarter of 2019 and operating profit also increased to NIS 742 million compared to NIS 237 million in the same quarter last year. -
27 Nov 20
SeaBird Exploration announces update on the private placement in Green Minerals
In reference to the previous announcement regarding the commencement of the application period in a private placement of new shares in Green Minerals, Seabird Exploration and Green Minerals have been informed by Pensum Asset Management (the Placing Manager) that the deal is covered at the top of the indicated price range. -
27 Nov 20
Guyana: Frontera Energy announces rescheduling of work commitments in the Corentyne Block, Guyana
Frontera Energy and CGX Energy have announced that their constructive and collaborative discussions with the Government of Guyana have been concluded with respect to the Corentyne block with a rescheduling of the JV's work commitments. -
27 Nov 20
Wood Mackenzie's Lens transforms upstream oil and gas analytics
Natural resources research & consultancy, Wood Mackenzie has launched a new solution, Lens Upstream Optimisation, designed to transform how E&P companies, banks, and institutional investors conduct their upstream M&A deal ideation and analysis, as well as portfolio high-grading. -
27 Nov 20
Serinus Energy announces oversubscribed fundraise of USD 21 million
AIM-listed Serinus Energy, an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania, has announced that, following an accelerated bookbuild, the Company has conditionally raised gross proceeds of USD21 million through the oversubscribed placing. -
27 Nov 20
Mozambique: Sasol and Shell combine efforts to fight the spread of COVID-19
Sasol and Shell have joined forces to deliver 27,500 thousand liters of hand sanitizer to the Ministry of Health in Mozambique. -
27 Nov 20
Poland: PNE commences construction of two further wind farms with 59 MW in Poland
The PNE Group, which operates internationally in the development and operation of renewable energy projects, is starting construction of two further wind farms in Poland - the Krzecin and Kuslin wind farms. The projects will have a total nominal capacity of approx. 59 MW. -
27 Nov 20
Pakistan: OGDCL announces gas discovery at Lakhirud X-1 well in Balochistan
Oil and Gas Development Company Limited (OGDCL) as Operator (100%) of the Lakhirud Exploration Licence has discovered gas at its exploratory well Lakhirud X-1, which is located in District Musa Khel, Balochistan Province. -
27 Nov 20
Brazil: Petrobras approves Strategic Plan 2021-2025
Petrobras has approved the Strategic Plan for the five-year period 2021-2025 (SP 2021-25). The plan maintains the 5 pillars that support the implementation of the company's set of strategies: (i) Maximization of the return on capital employed; (ii) Reduction of the cost of capital; (iii) Relentless search for low costs and efficiency; (iv) Meritocracy and (v) Safety, health, respect for people and the environment. -
27 Nov 20
Bahamas Petroleum provides update on Perseverance-1 cost estimate and funding update
Bahamas Petroleum Company (BPC) has provided an update on cost estimates and funding arrangements for well operations in The Bahamas. -
27 Nov 20
Ireland: Providence Resources comments on media speculation regarding Barryroe oil and gas field farmout discussions
Providence Resources notes the recent media speculation regarding the status of its farm out discussions with SpotOn Energy in relation to Standard Exploration License ('SEL') 1/11 which contains the Barryroe oil and gas field. Providence confirms that it remains in exclusive discussions with SpotOn in relation to a farm out of SEL 1/11 and will update the market in due course and as required. -
27 Nov 20
Total and its partners release Next-Gen CO2 Storage Simulator
Total and its partners have just announced the first version of a high-performance simulator for large-scale geological CO2 storage. The tool puts Total at the forefront of Carbon Capture, Utilization and Storage (CCUS) research. -
27 Nov 20
Australia: Vestas wins 328 MW order for two wind projects in Australia
In partnership with Global Power Generation, a subsidiary of the multinational power company Naturgy Group, Vestas has secured a 328 MW deal for two wind projects in Victoria, Australia. -
26 Nov 20
Mongolia: Elixir Energy intersects gassy coals in new sub-basin
Elixir Energy has provided an update on operations in its 100% owned Nomgon IX CBM PSC. The Yangar 1S strat-hole well is currently being drilled in a new sub-basin located some 24 kms to the West North West of Nomgon-1.
