Latest News
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30 Apr 24
US: ProPetro in three year Hydraulic Fracturing Services Agreement with ExxonMobil in the Permian Basin
ProPetro has entered into a three year Hydraulic Fracturing Services Agreement to provide electric hydraulic fracturing services to ExxonMobil in the Permian Basin. -
30 Apr 24
OMV joins UN programme for reduction of methane emissions
OMV has joined the Oil & Gas Methane Partnership (OGMP 2.0) of the United Nations Environment Programme (UNEP). It is the only comprehensive and most credible reporting framework for the oil and gas industry that improves the accuracy and transparency of methane emissions reporting. -
30 Apr 24
Norway leads the way in offering commercial CO2 storage
The Norwegian government is pursuing an active policy to facilitate socio-economically profitable storage of CO2 on the Norwegian continental shelf. The policy allows industries with large emission sources to pay for permanent storage instead of releasing CO2 into the atmosphere. The ministry facilitates a fast and efficient allocation of storage permits, allowing players seeking permits to apply as soon as they have developed a sufficiently good application basis. -
30 Apr 24
US: Interior Department proposes offshore wind sales in Oregon, Gulf of Maine
In another step by the Biden-Harris administration to support the growing momentum across America for a clean energy economy, the Department of the Interior has announced two proposals for offshore wind energy auctions off the coast of Oregon and in the Gulf of Maine. -
30 Apr 24
Taiwan: UTEC strengthens presence in Taiwan’s offshore renewables market
UTEC, a brand in marine energy and infrastructure services company Acteon, has been awarded an offshore survey and positioning contract for the Taiwan Power Company (TPC) Phase 2 wind farm project offshore Taiwan. The contract further reinforces UTEC’s foothold in Taiwan building on its initial entry in 2019. -
30 Apr 24
VAALCO Energy announces closing of accretive all cash Svenska acquisition
VAALCO Energy has closed the acquisition of Svenska Petroleum Exploration, an exploration and production company based in Stockholm, Sweden. As previously disclosed, 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. Net purchase price of $40.2 million was fully funded by cash on hand with no issuance of debt or equity. -
30 Apr 24
Denmark: AGR to support geothermal drilling campaign in Denmark
AGR has been awarded a contract by geothermal energy supplier Innargi to provide technical consultancy for three geothermal appraisal wells that are being drilled in Aarhus, Denmark. Innargi is owned by A.P. Moller Holding, ATP, NRGi, and Sampension. The company aims to bring clean, reliable district heating to Europe through the renewable resource in subsurface– geothermal energy. -
30 Apr 24
UK: Perenco fined record £225,000 for exceeding vent consent
Perenco UK has been fined £225,000, the highest ever financial penalty handed out by the North Sea Transition Authority (NSTA), for venting 59 tonnes of gas for over a month from its Dimlington onshore gas processing plant without consent. -
30 Apr 24
UK: Hartshead announces quarterly report for the period ended 31 March 2024
Hartshead Resources has provided an overview of the Company’s quarterly activities for the period ending 31 March 2024. The P2607 Joint Venture continues to work on the development of the Anning & Somerville gas fields assuming various possible fiscal scenarios. -
30 Apr 24
UK: Archer secures a 2-year contract extension worth USD 40 million
Archer has been awarded a two-year contract extension for platform drilling services in the UK with an estimated contract value of USD 40 million. -
30 Apr 24
UK: Deltic Energy provides Pensacola update
AIM-listed Deltic Energy has provided an update in relation to its Pensacola Discovery on Licence P2252 in the Southern North Sea in which Deltic holds a 30% interest. -
30 Apr 24
Morocco: Sound Energy provides exploration permit update
Sound Energy, the transition energy company, has provided a further update regarding amendments to its exploration permits at Anoual, and entry into the optional Complementary Period under the exploration permits at Anoual. -
30 Apr 24
VAALCO Energy announces publication of its 2023 Sustainability Report
VAALCO Energy has issued its 2023 Sustainability Report. The report covers VAALCO's environmental, social and governance ('ESG') initiatives and related key performance indicators for the financial year 2023. -
30 Apr 24
Brazil: DOF group awarded multiple contracts with Petrobras
DOF has announced that Petrobras has awarded new long-term charter and service contracts for the Skandi Amazonas and Skandi Rio. Both contracts will generate revenue beyond USD 192 M. -
30 Apr 24
Gabon: Panoro Energy provides Dussafu operations update
Panoro Energy has provided an update on operations at the Dussafu Marin Permit offshore Gabon. Gross production averaged approx. 24,840 bopd in Q1 2024 and in Q2 to date has averaged approx. 29,800 bopd, the uplift in output being attributable to start up of production at the Hibiscus South field where the DHBSM-1H production well was put onstream in March. -
30 Apr 24
Gabon/Brazil: BW Energy provides Q1 2024 trading update
BW Energy, as the operator of the Dussafu Marine licence in Gabon and the Golfinho cluster offshore Brazil, has provided an update on its operations and development. -
30 Apr 24
Gabon: BW Energy signs USD 150 million sale and leaseback for MaBoMo production facility
BW Energy has announced the execution of a sale and leaseback agreement for the MaBoMo production facility on the Dussafu Licence offshore Gabon. The agreement will provide USD 150 million of gross sales proceeds under a ten-year lease term with an option to repurchase the unit from the end of year seven. -
30 Apr 24
UK: Shelf Drilling secures new contract in UK North Sea
Shelf Drilling has announced that a subsidiary of Shelf Drilling (North Sea) has secured a contract for the Shelf Drilling Fortress jack-up rig with a North Sea operator for operations in the UK Continental Shelf.
