Latest News

  • 29 Feb 24
    US: Aker Carbon Capture awarded milestone project in the United States
    CO280 Solutions and a leading pulp and paper company have awarded a carbon capture test campaign to Aker Carbon Capture for an undisclosed site on the Gulf Coast in the US.
  • 29 Feb 24
    UK: Data dashboard expanded to drive decommissioning savings
    Cost-efficient decommissioning has received a significant boost with the relaunch of a bigger, better digital data dashboard providing vital information about upcoming work to potential suppliers. The Decommissioning Data Visibility Dashboard now includes field-specific information from 15 operators, compared with three when it was piloted by the NSTA and the Decommissioning and Repurposing Taskforce (DaRT) in November 2021.
  • 29 Feb 24
    Israel: Karish North and second gas export riser online and new GSPA signed
    Energean reports that Karish North first gas was safely achieved on 22 February 2024. The Karish North production well is currently utilising the second gas export riser, the installation of which was completed in December 2023. The Energean Power FPSO now has four production wells in operation.
  • 29 Feb 24
    Norway: Wintershall Dea completes successful appraisal of the Adriana discovery
    Wintershall Dea and its partners, Petoro, Aker BP, and PGNIG, have successfully completed an appraisal well on the Adriana gas and condensate discovery in the Norwegian Sea. Following the completion of the well, the estimated recoverable volumes for the Adriana discovery have been revised upwards to a new estimate of 28-43 million boe and subsea tie-back options under consideration.
  • 29 Feb 24
    UK: Viaro Energy gains 100% working interest in West of Shetland exploration licence
    Viaro Energy, the independent British energy company operating in the UKCS North Sea and the Netherlands, has announced that it now holds 100% of licence P.2593 in the West of Shetland through its wholly owned subsidiary, RockRose Energy and is now licence administrator.
  • 29 Feb 24
    Subsea 7 announces fourth quarter and full year 2023 results
    Subsea 7 has announced fourth quarter and full year 2023 results. Subsea 7 closed 2023 with a strong operational performance in the fourth quarter, resulting in Adjusted EBITDA of $714 million for the year, up 28% on the prior year. After another year of active tendering, the Group secured $7.4 billion of high quality contract awards, taking its backlog to $10.6 billion, a year end level last seen in 2013.
  • 29 Feb 24
    US: Canadian Overseas Petroleum extends Forbearance Agreement
    Canadian Overseas Petroleum (COPL) has announced that it has agreed with its senior credit facility lender to extend the term of the previously announced Forbearance Agreement to March 8, 2024.
  • 29 Feb 24
    Tanzania: Aminex provides Ruvuma seismic update
    Aminex, has announced that the interpretation of the recently acquired 338 km2 3D seismic dataset over the Ruvuma PSA has improved the in-place volumetrics for the Ntorya gas discovery and revealed a significantly higher resource potential in the wider licence area than previously identified on the existing sparse 2D database.
  • 29 Feb 24
    Jamaica: United Oil & Gas announces appointment of Country Manager in Jamaica
    United Oil & Gas has announced the appointment of a Country Manager in Jamaica, who will play a key role in overseeing and implementing the work programme that was recently agreed with the Ministry of Science, Energy, Telecommunications and Transport as part of the two-year extension to the Initial Exploration Period of the Walton Morant Licence.
  • 29 Feb 24
    US: Zephyr Energy announces fourth quarter 2023 production results from the Williston Basin portfolio
    Zephyr Energy, the Rocky Mountain oil and gas company, has provided initial fourth quarter 2023 results related to hydrocarbon production from its non-operated asset portfolio in the Williston Basin, North Dakota, U.S.
  • 29 Feb 24
    VAALCO Energy announces acquisition of Svenska Petroleum Exploration
    VAALCO Energy has entered into a sales and purchase agreement to acquire Svenska Petroleum Exploration. Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa. The gross consideration for the acquisition is $66.5 million.
  • 29 Feb 24
    BW Offshore announces fourth quarter and full year results 2023
    BW Offshore reports Q4 EBITDA USD 91.1 million and operating cashflow of USD 230.0 million. 2023 EBITDA 305.5 million and operating cashflow of USD 558.6 million. BW Offshore continues to progress the Barossa FPSO project, having achieved overall completion of 80% by the end of January, in line with the project schedule. In January 2024, all shares in BW Energy were sold to BW Group Limited, for USD 176 million.
  • 29 Feb 24
    Chile: ENAP partners with Upwing Energy for deployment of the Subsurface Compressor System
    Upwing Energy, a gas tech innovator and service company, has inked a deal with Empresa Nacional del Petróleo (ENAP), the Chilean energy company, to deploy its first Subsurface Compressor System™ (SCS) in South America, significantly enhancing production and recoverability from gas assets while minimizing greenhouse gas emissions associated with production.
  • 28 Feb 24
    Saipem announces preliminary results for the fourth quarter and financial year 2023 and update of the Strategic Plan
    In 2023 the Saipem Group outperformed the targets of the Strategic Plan, exhibiting a year of progressive and constant growth in terms of turnover and margins, a positive cash generation and strengthening of the financial position. Net profit for the year was €179 million. New orders, amounting to €18 billion, confirm the competitiveness of the Group and the positive market context.
  • 28 Feb 24
    Seadrill announces fourth quarter and full year 2023 results
    Seadrill has announced its fourth quarter and full year 2023 results. The Company delivered full-year operating profit of $329 million and full-year Adjusted EBITDA of $495 million, in line with guidance, and reported fourth quarter Adjusted EBITDA of $100 million, consistent with management expectations.
  • 28 Feb 24
    UK: THREE60 Energy pens multi-million pound deal with Sumitomo
    THREE60 Energy has signed a multi-million pound contract to design and deliver cable storage carousels for the Sumitomo Electric Industries power cable factory in Nigg, Scotland. Earlier this year, Japanese headquartered Sumitomo announced the build of the £200m state-of-the-art power cable factory in the area, which will bring more than 150 jobs to the region.

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