Latest News
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03 May 24UK: NSTA offers 31 more licences in final set of 33rd round awards
The North Sea Transition Authority (NSTA) has today 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. -
03 May 24UK: 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 24Bahrain: 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 24Vestas 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 24Zephyr 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 24Plenitude 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 24Yinson 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 24Italy: 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 24Technip 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 24Murphy 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 24APA 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 24Nigeria: 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 24FTC 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 24Norway/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 24Morocco: 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. -
02 May 24Amplus forms new partnership with VG Energy in ambitious plan to target untapped reserves in West Africa
Amplus VGE, a joint venture between UK-headquartered Amplus Energy and Nigeria-based Versatile Group (VG Energy), along with support from Norway’s Carbon Circle, is bringing together innovative solutions to unlock lucrative marginal fields in West Africa. -
02 May 24US: Nordex Group receives order for 148 MW for N149/5.X turbines
The Nordex Group has received an order for N149/5.X turbines from the United States and will be supplying 25 of its Delta 4000 series models. The turbines will be installed with an 89m seismic tower at an undisclosed wind farm in California.