Latest News
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25 Apr 24
UK: PBS announces contract extension with TotalEnergies
PBS has secured an extension to the General Maintenance and Operations Contract (GMOC) awarded by TotalEnergies in 2020 to cover its North Sea assets. GMOC services have been extended through to May 2026. -
25 Apr 24
Taiwan: Ørsted inaugurates the Asia-Pacific region’s largest offshore wind farms
Ørsted has announced the inauguration of the Greater Changhua 1 and 2a offshore wind farms in Taiwan. With a total installed capacity of 900 MW, the two offshore wind farms are in operation and fully connected to the grid, making them the largest of their kind in Taiwan and in the Asia-Pacific region. -
25 Apr 24
Soiltech wins contract with Odfjell Drilling on Deepsea Stavanger
Odfjell Drilling has awarded Soiltech a contract for the treatment of contaminated water on the sixth generation and harsh environment semi-submersible Deepsea Stavanger. Under the contract, Soiltech will provide its Slop Treatment Technology, which is a market leading solution for waste reduction by treating water contaminated with oil and particles. -
25 Apr 24
Angola: Afentra receives government approval of Azule acquisition
Afentra, the upstream oil and gas company focused on acquiring production and development assets in Africa, has received approval from the Government of Angola for the previously announced acquisition of a 12% non-operating interest in Block 3/05 and a 16% non-operating interest in Block 3/05A from Azule Energy Angola Production. -
25 Apr 24
TGS partners with MAPSearch at Endeavor Business Media to deliver pipeline data alongside well data and analytics
TGS, a leading global provider of energy data and intelligence, has announced a strategic partnership with MAPSearch at Endeavor Business Media, a premier provider of geospatial pipeline data for the energy sector, to integrate Well Data Analytics with Premier Pipeline Data. -
25 Apr 24
Mongolia: Petro Matad announces operational update
Petro Matad, the AIM quoted Mongolian oil company, has provided an operational update. The Company is working with the local government agencies to secure the remaining approvals necessary from Matad District to allow the 2024 operational programme to commence. Preparations are being made to complete the Heron 1 well for production. -
25 Apr 24
US: Zephyr Energy starts drilling operations at the State 36-2 LNW-CC-R well in the Paradox Basin
Zephyr Energy, the Rocky Mountain oil and gas company, has announced the spud and start of the main drilling operation on the State 36-2 LNW-CC-R well at Zephyr's flagship project in the Paradox Basin, Utah, U.S. -
25 Apr 24
OKEA announces first quarter 2024 financial results
OKEA delivered operating income of NOK 3,474 (correction from trading update of NOK 3,422) million and EBITDA of NOK 2,159 million in the first quarter of 2024. The all-time high production in the quarter follows from the Statfjord acquisition in combination with continued strong performance particularly from operated assets. -
25 Apr 24
Equinor announces first quarter 2024 results
Equinor delivered adjusted operating income of USD 7.53 billion and USD 2.57 billion after tax in the first quarter of 2024. Equinor reported net operating income of USD 7.63 billion and net income at USD 2.67 billion. Adjusted net income was USD 2.84 billion, leading to adjusted earnings per share of USD 0.96. -
24 Apr 24
Namibia: Sintana Energy to acquire up to 67% of Giraffe Energy
Sintana Energy has entered into a definitive agreement with Crown Energy, a private Namibian company, providing for the acquisition by the Company from Crown of up to 67% of the issued and outstanding shares of Giraffe Energy Investments. Giraffe is the owner of a 33% interest in Petroleum Exploration License 79 ('PEL 79') which governs blocks 2815 and 2915 located inboard of blocks operated by BW Energy, Rhino Resources and Shell. -
24 Apr 24
US: Interior Department finalises rule to streamline and modernise offshore renewable energy development
Secretary of the Interior Deb Haaland has announced that the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have finalized updated regulations for renewable energy development on the U.S. Outer Continental Shelf (OCS). -
24 Apr 24
US: Secretary Haaland announces new five-year offshore wind leasing schedule
In remarks at the International Partnering Forum conference in New Orleans, Louisiana, Secretary of the Interior Deb Haaland announced a new five-year offshore wind leasing schedule, which includes up to 12 potential offshore wind energy lease sales through 2028. -
24 Apr 24
Fugro's net-zero target validated by the Science Based Targets initiative
Fugro’s near- and long-term science-based emissions reduction targets have been approved by the Science Based Targets initiative (SBTi). Fugro’s net-zero target spans all three emission scopes, ultimately striving to achieve net-zero greenhouse gas (GHG) emissions across the value chain by 2050. -
24 Apr 24
Serica Energy announces results for the year ended 31 December 2023
AIM-listed Serica Energy, a British independent upstream oil and gas company with operations in the UK North Sea has announced its audited financial results for the year ended 31 December 2023. Serica has delivered a strong set of results for 2023 despite significantly lower sales prices compared to 2022 and a full year of the UK marginal tax rate being at 75%. -
24 Apr 24
Namibia: Rhino Resources and Halliburton to sign contract for integrated deepwater services offshore Namibia
Halliburton has been awarded a deep water integrated multi-well construction contract by Rhino Resources, a private company engaged in both onshore and offshore energy exploration in Africa.
