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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.
28 Feb 24
Seadrill announces fourth quarter and full year 2023 results
Seadrill has announced its fourth quarter and full year 2023 results. The Company delivered full-year operating profit of $329 million and full-year Adjusted EBITDA of $495 million, in line with guidance, and reported fourth quarter Adjusted EBITDA of $100 million, consistent with management expectations.
28 Feb 24
UK: THREE60 Energy pens multi-million pound deal with Sumitomo
THREE60 Energy has signed a multi-million pound contract to design and deliver cable storage carousels for the Sumitomo Electric Industries power cable factory in Nigg, Scotland. Earlier this year, Japanese headquartered Sumitomo announced the build of the £200m state-of-the-art power cable factory in the area, which will bring more than 150 jobs to the region.
28 Feb 24
Nigeria: Helix secures deepwater well intervention contract with Esso offshore Nigeria
Helix Energy Solutions has announced a deepwater well intervention contract award by Esso Exploration and Production Nigeria. The project, located offshore Nigeria in the Erha and Usan fields, is expected to commence in September 2024.
28 Feb 24
Norway: DeepOcean to inspect pipelines for Equinor
Ocean services provider DeepOcean has been awarded a contract by Equinor to deliver pipeline inspection and survey scopes on the operator’s pipelines in the North Sea.
28 Feb 24
ABL appointed tow master to Mero 3 voyage
Energy and marine consultancy ABL has been awarded a contract to act as tow master to support and supervise the towage of the Mero 3 FPSO from Yantai, China, to Brazilian waters. Once in Brazil, the Mero 3 FPSO will be installed in the Mero Field development in the deepwater Santos Basin.
28 Feb 24
Norway: ConocoPhillips given consent to start up Eldfisk nord
ConocoPhillips has been given consent to start up Eldfisk nord in the North Sea. The Eldfisk field is located in Block 2/7 and is part of the Greater Ekofisk Area. The resource potential is projected to be 50-90 million barrels of oil and start-up is expected during the first quarter.
28 Feb 24
TotalEnergies unlocks the potential of generative artificial intelligence for its employees
TotalEnergies is among the first organizations to deploy Copilot for Microsoft 365, Microsoft's generative artificial intelligence assistant, for its employees. After making Bing Chat Enterprise, a secure AI chat solution based on internal data, available to employees in August 2023, the Company is pursuing its digital transformation.
28 Feb 24
US: New Ipsos Poll: 2 in 3 voters view America on wrong track on energy
The American Petroleum Institute (API) has released a new national poll conducted by Ipsos demonstrating widespread concern over Washington’s approach on energy policy. Two out of three American voters say the country is on the wrong track on energy policy, and following the administration’s recent pause on LNG export permits, the poll found nine in 10 Americans believe the U.S. should continue to supply natural gas to allies overseas.
28 Feb 24
UK: Boost for UK hydrogen as government backs world-leading industry
Low carbon hydrogen will get a further boost with over £21 million of government support for 7 projects to make green fuel, powering up local transport and businesses from Suffolk to Shetland. Announcement made at the second Hydrogen Investor Forum, with industry leaders gathering to discuss growing economic opportunities in the UK.
28 Feb 24
US: 88 Energy provides Hickory-1 flow test update
88 Energy reports final preparations for the commencement of flow testing operations are advancing at the Hickory-1 well. Mobilisation operations are complete and pre-flow testing operations have advanced at the fully funded Hickory-1 discovery well.
28 Feb 24
Iraq: Gulf Keystone Petroleum announces update on Shaikan field local sales
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, has provided an update on Shaikan field local sales ahead of its 2023 Full Year Results on 21 March 2024.
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