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13 Nov 24
Touchstone Exploration reports Q3 2024 results and updated guidance
Touchstone Exploration reports financial and operating results for the three and nine months ended September 30, 2024 and updated 2024 guidance. The Company achieved average quarterly production of 5,211 boe/d, a 54 percent increase relative to 3,391 boe/d produced in the third quarter of 2023, reflecting a full quarter of natural gas production from the Cascadura field, slightly offset by Cascadura natural gas and associated liquids natural declines.
13 Nov 24
UK: National Grid welcomes major milestone for the UK’s first hybrid interconnectors to connect offshore wind
Ofgem announced Nov 12 it has approved the Initial Project Assessment for the LionLink and Nautilus electricity interconnectors, which determines the needs case of new projects for British consumers. LionLink and Nautilus are pilot projects, defined as Offshore Hybrid Assets. They would not only connect national transmission systems, but also offshore wind farms based in Dutch and Belgian territorial waters, respectively.
13 Nov 24
Valeura Energy announces third quarter 2024 results
Valeura Energy has reported its unaudited financial and operating results for the three and nine month periods ended September 30, 2024. The Company reports record aggregate production in both September and October 2024, averaging 26.4 mbbls/d.
13 Nov 24
Occidental announces Q3 2024 results
Occidental announced net income attributable to common stockholders of $964 million and adjusted income attributable to common stockholders of $977 million for the third quarter of 2024. Strong operational performance drove operating cash flow of $3.8 billion and operating cash flow before working capital of $3.1 billion. Total company production of 1,412 Mboed exceeded the mid-point of guidance by 22 Mboed.
13 Nov 24
DeepOcean and Exceed partner for vessel-based P&A
Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market.
13 Nov 24
Seabird Exploration announces third-quarter results 2024
Seabird Exploration announces third-quarter results 2024. The Company reports Revenues of USD 10.0m and EBITDA of USD 4.4m.
13 Nov 24
Equatorial Guinea: Panoro Energy signs PSC for Block EG-23 offshore Equatorial Guinea
Panoro Energy has finalised terms and signed a Production Sharing Contract with the Government of Equatorial Guinea for offshore Block EG-23. Panoro now holds an 80 per cent participating interest and operatorship of Block EG-23. It is partnered by GEPetrol, which holds a 20 per cent participating interest.
13 Nov 24
Indonesia: Texcal Energy spuds PSC PC-01 exploration well
JV partner Cue Energy reports that Texcal Energy has spudded the PSC PC-01 exploration well in the Mahato PSC in Central Sumatra, Indonesia. Primary target is the Bekasap Sandstone reservoir, the oil producing reservoir in the existing, developed PB oilfield in the Mahato PSC.
12 Nov 24
UK: Empowering Great Britain for a clean and flexible energy future with the next generation of interconnectors
In a major boost for energy security and the shift to clean power, Ofgem has approved five major new undersea energy links which will further harness the vast potential of North Sea wind and help power millions of homes. The new projects are all expected to be complete and operational by the end of 2032.
12 Nov 24
GoM: Talos Energy announces Q3 2024 operational and financial results
Talos Energy has announced its operational and financial results for fiscal quarter ended September 30, 2024. For the third quarter 2024, Talos achieved another consecutive quarter of record production of 96.5 MBoe/d, along with strong Adjusted EBITDA and Adjusted Free Cash Flow.
12 Nov 24
Norway: The State acquires increased ownership in the gas transportation system
Norway's Ministry of Energy has entered into purchase agreements of interests in key parts of the gas infrastructure with 7 different companies.
12 Nov 24
Argentina: GeoPark announces exploration success at Confluencia Norte
GeoPark, a leading independent Latin American oil and gas explorer, operator, and consolidator, has announced the successful start of production in the Confluencia Norte Block (GeoPark non-operated, 50% WI) in Rio Negro, Argentina. This marks a major de-risking achievement in GeoPark’s partnership with Phoenix Global Resources in the Vaca Muerta formation.
12 Nov 24
COP29: The Oil & Gas Decarbonization Charter publishes its first report to baseline, prioritize and track progress on emissions reductions
The Oil & Gas Decarbonization Charter (OGDC) published on November 11, its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies - representing almost 45% of the global oil production, that have signed up to the Charter’s ambitions.
12 Nov 24
Australia: Cooper Energy announces change of name to Amplitude Energy
Following shareholder approval at the Annual General Meeting on 7 November 2024, the Australian Securities and Investments Commission has registered Cooper Energy’s change of name to Amplitude Energy.
12 Nov 24
DOF Group awarded IMR vessel and subsea services contract in APAC
DOF Group has announced a contract award for IMR vessel and associated subsea services in the APAC region. The contract will utilise one of DOF's project vessels in the region and includes project management, engineering, logistics support and all related subsea activities.
12 Nov 24
VAALCO Energy announces third quarter 2024 results
VAALCO Energy has reported operational and financial results for the third quarter of 2024. VAALCO reports Q3 2024 net income of $11.0 million and Adjusted Net Income of $7.9 million. Adjusted EBITDAX increased by 28% to $92.8 million compared to Q2 2024, driven by sales increase associated with Côte d’Ivoire liftings.
12 Nov 24
Canada: Nordex Group receives order for more than 100 MW for a wind farm in Canada
The Nordex Group has received another order from Canada. The Group will supply 19 N163/5.X turbines to a Canadian wind farm developer and operator for a wind farm in the province of Québec.
12 Nov 24
UK: ScottishPower seals £1bn offshore wind turbine deal with Siemens Gamesa
The turbine blades for ScottishPower’s £4 billion East Anglia TWO offshore windfarm will be built in Hull after the green energy company formalised a turbine supply agreement with Siemens Gamesa worth more than £1 billion.
12 Nov 24
Norway: TGS completes Heimdal Terrace Ocean Bottom Node survey, delivering long-term insights
TGS, in collaboration with joint venture partner Viridien, has announced the successful completion of the multi-client Heimdal Terrace Ocean Bottom Node (OBN) project and the delivery of the final processed data.
12 Nov 24
UK: Union Jack Oil provides Wressle planning update PEDL180/PEDL182
Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, confirms that planning permission for the Wressle development, located in Lincolnshire, has been formally rescinded. The decision has no effect on the existing planning consent at Wressle and production and operations continue with no detriment to Union Jack and its partners.
12 Nov 24
Colombia: Interoil announces successful Vikingo well intervention in Colombia
Interoil Exploration and Production has announced that its Colombian subsidiary, Interoil Colombia Exploration and Production, has successfully completed a downhole intervention to the Vikingo well.
12 Nov 24
Iraq: Genel Energy announces trading and operations update
Genel Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2024. The Company reports Q3 Gross production of 84,210 bopd (Q2 2024: 79,780 bopd).
12 Nov 24
Norway: Reach Subsea announces third quarter results for 2024
Reach Subsea has announced its third quarter results for 2024, demonstrating strong underlying financial performance, well above the same period last year. Revenue for the quarter stands at NOK 835 million and the EBIT at NOK 134 million. Year to date the company has reached a revenue milestone just above 2 billion NOK.
12 Nov 24
UK: Mermaid completes largest vessel-based UK North Sea decommissioning campaign ever
Mermaid Subsea Services (UK) has successfully wrapped up what is believed to be the largest vessel-based UK North Sea decommissioning campaign in history. Carried out on behalf of a North Sea operator, the project spanned two years and involved the plugging and abandonment (P&A) of 21 wells spread across the Northern and Central North Sea.
12 Nov 24
Norway: AGR delivers technical Peer Review of CO2 storage licenses for Aker BP
AGR's Reservoir Management and Subsurface team were selected by Norwegian E&P company Aker BP to conduct an independent third-party Technical Peer Review of two carbon storage licenses in the Norwegian North Sea.
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