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17 May 21
Australia: Strike Energy commits to net-zero 2030
Strike Energy has announced its commitment to net zero Scope 1 & 2 emissions by 2030 and its aspiration to become Australia’s first integrated energy company to deliver full Scope 3 offsets.
17 May 21
Mozambique: Sasol concludes sale and purchase agreement to sell 30 per cent interest in ROMPCO pipeline
Sasol South Africa (SSA), a major subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders.
17 May 21
Italy: Rockhopper provides update on Ombrina Mare arbitration
AIM-listed Rockhopper Exploration has provided an update on its international arbitration against the Republic of Italy in relation to the Ombrina Mare field.
14 May 21
Petrobras presents strong revenue generation in the first quarter
Petrobras closed the first quarter of the year with solid operational and financial performance, even in a challenging period due to the worsening of the pandemic in the country. The company had net income of R$1.2 billion in the quarter, equivalent to US$0.2 billion. Petrobras increased its production of oil and natural gas by 3% compared to the fourth quarter of 2020.
14 May 21
Upstream spending, cut by $285 billion in two years, will struggle to recover to pre-pandemic levels - Rystad Energy
The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels in the coming period, according to a Rystad Energy report.
14 May 21
Norway: Spirit Energy granted life extension for facilities on the Vale field
Norway's Petroleum Safety Authority Norway (PSA) has given Spirit Energy Norway consent to use the facilities on the Vale field beyond their original lifespan in order to recover the remaining reserves on the field.
14 May 21
UK: IOG signs collaboration agreement with GeoNetZero CDT on Southern North Sea carbon capture and storage research
IOG has signed a collaboration agreement with GeoNetZero CDT, Heriot-Watt University's Centre for Doctoral Training, whereby IOG will support research into carbon capture and storage (CCS) and other renewable opportunities across Quads 48, 49, 52 and 53, the location of its asset portfolio and broader Bacton catchment area in the UK Southern North Sea.
14 May 21
Israel: Chevron shuts Tamar gas field off Israeli coast as unrest flares
Chevron has shut down the Tamar natural gas platform off the Israeli coast at the instruction of the country's energy ministry, the company said on Wednesday, following the wave of unrest in the region.
14 May 21
Canada: JAPEX announces sale of its interest in the North Montney shale gas project to Petronas
Japan Petroleum Exploration (JAPEX) has agreed to sell its 10% interest in the North Montney shale gas project in Canada to Petronas, the operator of the project. As a result of this transaction, JAPEX expects to record an extraordinary loss of approx. 493 million Canadian dollars.
14 May 21
Angola: Seadrill JV secures new contract offshore Angola for the Quenguela drillship
Seadrill has announced a new contract has been secured by Sonadrill, the 50:50 joint venture with an affiliate of Sonangol. Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for the Sonangol Quenguela drillship.
14 May 21
UK: Hurricane Energy provides update on proposed financial restructuring
Further to the announcement made on 30 April 2021 regarding the proposed financial restructuring of the Group, the Company confirms that it has filed a claim form and draft explanatory statement at the High Court of Justice in London ahead of a convening hearing expected to be held virtually via video conference on 21 May 2021.
13 May 21
Scottish Cluster Campaign launched to promote low carbon technologies
The Scottish Cluster, led by a cross-sector group of Scottish industrial CO2 emitters and the Acorn CCS and Hydrogen Project Partners, has been established as a unification and collaboration of Scottish industries, communities and businesses, calling on the Scottish and UK Governments to deliver the actions needed so that CCS, hydrogen and other low carbon technologies, can enable the decarbonisation of Scottish and UK industry and facilitate a low carbon economy.
13 May 21
bp and CEMEX team up on net zero emissions
bp and CEMEX have announced that they will work together on accelerating the progress of CEMEX’s 2050 ambition to deliver net zero CO2 concrete globally. The two companies have agreed to a memorandum of understanding to develop ?solutions to decarbonize the cement production process and transportation.
13 May 21
UK: Pathfinder relaunch helps revitalise offshore energy supply chain
The Pathfinder website is attracting thousands of users and being widely praised throughout the industry following its relaunch on 1 April this year. First launched in 2010 and moved to the Oil and Gas Authority (OGA) in 2015, Pathfinder was already extensively used, but the wider scope of information it provides alongside better functionality has significantly improved the service.
13 May 21
Eni’s new sustainability report describes the company's transformation towards net zero
Eni has released Eni for 2020, its 15th voluntary sustainability report, which illustrates Eni’s concrete contribution to a just transition, building on the company's path towards carbon neutrality by 2050.
13 May 21
Australia: Lightsource bp on track to develop 600MW solar hub in NSW, Australia
Lightsource bp has secured planning approval for upscaling plans for the Wellington North solar project, which was acquired from AGL last year. The 400MWdc site is adjacent to Lightsource bp’s near-complete 200MWdc Wellington solar farm. Once operational, the 600MWdc hub could become the state’s largest renewable energy power hub.
13 May 21
Neptune Energy announces Q1 2021 results
Neptune Energy has announced its financial results for the three months ended 31 March 2021. Q1 production was 125.7 kboepd, in line with guidance.
13 May 21
Touchstone Exploration announces first quarter 2021 results
Touchstone Exploration, one of the largest onshore independent oil producers in Trinidad, has reported its operating and financial results for the three months ended March 31, 2021. The Company continues to focus on the Ortoire exploration program.
13 May 21
Valeura Energy announces first quarter 2021 results
Valeura Energy, an upstream oil and gas company with assets in the Thrace Basin of Turkey, has reported its unaudited financial and operating results for the three month period ended March 31, 2021.
13 May 21
Serinus Energy announces interim results for the three months ended 31 March 2021
Serinus Energy has announced the release of its interim results for the three months ended 31 March 2021. EBITDA for the three months ended 31 March 2021 was $2.6 million.
13 May 21
UK: Angus Energy announces signing of the Saltfleetby finance facility
Angus Energy has announced that the Loan Facility has now been signed between Angus and Saltfleetby Energy, as Borrower and Guarantor respectively, and Mercuria Energy Trading and Aleph Saltfleetby, as the co-Lenders.
13 May 21
Australia: Buru on track for commencement of major Canning Basin exploration drilling program
Buru Energy reports that its Canning Basin exploration drilling campaign targeting a total 97 million barrels of conventional oil (mean prospective resources) is on track for a mid-June start.
13 May 21
Australia: Vali gas joint venture participants granted authorisation for joint marketing
The Australian Competition and Consumer Commission has granted authorisation for Vintage Energy, Metgasco and Bridgeport, a wholly owned subsidiary of New Hope Corp, to enter into joint gas marketing arrangements for the Vali field, a new gas field in the early stages of development, located in the Queensland Cooper/Eromanga Basin.
12 May 21
Tunisia: Zenith Energy completes acquisition of Candax Energy's Tunisian assets
Zenith Energy has completed the previously announced acquisition of a 100 percent interest in the fully owned subsidiary of Candax Energy, Ecumed Petroleum Tunisia ('EPT'), which holds a 100% interest in the El Bibane and Robbana concessions in Tunisia.
12 May 21
Norway: Equinor signs deals with startups from the Equinor and Techstars Energy Accelerator
Equinor Ventures has signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. This is one of the results of this year’s Equinor and Techstars Energy Accelerator.
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