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01 Mar 24
Oman: Rex International subsidiary Masirah Oil signs jack-up drilling rig contract for multi-well programme in Yumna field, offshore Oman
Rex International subsidiary Masirah Oil has announced the signing of a contract for the Energy Emerger jack-up drilling rig. The rig, operated by Northern Offshore, will perform a multi-well programme in the offshore Yumna field in Block 50, offshore Oman.
01 Mar 24
Cameroon: Perenco commences five well drilling campaign on Kita Eden field, offshore Cameroon
Perenco has commenced a five well development drilling campaign on the Kita Eden field, in the northern section of the Rio del Rey Basin, offshore Cameroon.
01 Mar 24
Malaysia: PETRONAS signs two DRO clusters Production Sharing Contracts to boost gas supply in Peninsular Malaysia
PETRONAS has signed Production Sharing Contracts for two Discovered Resource Opportunities (DRO) clusters, situated off the coast of Peninsular Malaysia. The monetisation of the clusters will significantly boost gas supply to the Peninsular Malaysia hub.
01 Mar 24
Trinidad: Touchstone Exploration announces 2023 Y/E reserves
Touchstone Exploration has announced 2023 year-end reserves. Relative to year-end 2022 and after 2023 production, Touchstone increased gross proved developed producing (PDP) reserves by 180 percent to 13,547 Mboe. PDP reserves replaced 2023 annual production by 699 percent, reflecting Cascadura-1ST1 and Cascadura Deep-1 natural gas and associated liquids volumes that were brought online in 2023.
01 Mar 24
Eco (Atlantic) Oil & Gas announces unaudited results and corporate update
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has announced its results for the three and nine months ended 31 December 2023.
01 Mar 24
ADNOC closes acquisition of 24.9% stake in OMV
ADNOC has formally closed the acquisition of a 24.9% shareholding in OMV, a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company. The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and growth-oriented investor.
29 Feb 24
US: Empire Wind 1 awarded offtake contract in New York’s fourth offshore wind solicitation round
New York State Energy Research and Development Authority (NYSERDA) has announced Equinor’s Empire Wind 1 project one of the conditional winners in its fourth offshore wind solicitation round.
29 Feb 24
US: Sunrise Wind selected for award in New York’s fourth offshore wind solicitation
New York’s energy agency, New York State Energy Research and Development Authority (NYSERDA), has conditionally awarded Ørsted and Eversource’s Sunrise Wind project the right to negotiate a 25-year offshore wind renewable energy certificate (OREC) agreement for an offshore wind farm with a maximum capacity of 924 MW.
29 Feb 24
Singapore: TotalEnergies to supply Sembcorp with 0.8 Mtpa of LNG for 16 Years
TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery of up to 0.8 million tons of liquefied natural gas (LNG) per annum (Mtpa) for a duration of sixteen years, commencing in 2027. The LNG will be sourced from TotalEnergies’ global portfolio.
29 Feb 24
Talos Energy announces fourth quarter and full year 2023 operational and financial results
Talos Energy has announced its operational and financial results for fiscal quarter and full year ended December 31, 2023. Talos also announced its year-end 2023 reserves estimates and the Company's 2024 operational and financial guidance pro forma for the pending QuarterNorth acquisition.
29 Feb 24
US: BOEM extends public comment period on potential development of wind lease areas offshore New York and New Jersey
On Jan. 8, 2024, BOEM announced the availability of its Draft Programmatic Environmental Impact Statement (Draft PEIS) for potential development of six wind lease areas offshore New York and New Jersey in an area known as the New York Bight. BOEM is extending the comment period until March 13 in response to requests from Tribal Nations and stakeholders.
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.
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