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27 Mar 23
PETRONAS' Race2Decarbonise Hackathon unveils winning solutions supporting Net Zero goals
Solutions that will reduce gas turbines’ energy consumption and prevent flare gas leakages to lower methane emission emerged as the grand prize winners of the recently concluded Race2Decarbonise hackathon organised by PETRONAS.
24 Mar 23
Tullow Oil publishes 2022 Annual Report and Accounts
Following the release on 8 March 2023 of the Company's preliminary full year results announcement for the year ended 31 December 2022, Tullow has announced it has published its Annual Report and Accounts for this period, which is available to view on the Company's website.
24 Mar 23
Norway: Equinor drills dry well near the Visund field in the North Sea - 34/6-6 S
Equinor, operator of production licence PL 554, has concluded the drilling of wildcat well 34/6-6 S. The well, which was drilled about 10 kms north of the Visund field with the objective of proving petroleum in reservoir rocks in the Brent Group from the Middle Jurassic, was dry, and has been permanently plugged and abandoned.
24 Mar 23
UK: NSTA shares highlights from the first 12 months
One year ago the North Sea Transition Authority (NSTA) was born. The Oil and Gas Authority changed its name to reflect its expanded role, which includes emissions monitoring and carbon storage licensing. The NSTA shares highlights from the first 12 months.
24 Mar 23
Trinidad: Touchstone Exploration announces annual 2022 financial and operating results
Touchstone Exploration has reported its operating and financial results for the three months and year ended December 31, 2022.
24 Mar 23
Nigeria: San Leon Energy announces update on refinancing and proposed transactions
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced a further update in relation to: i) its current refinancing discussions and ii) the proposed transactions with Midwestern Oil & Gas Company and the Company's further conditional investments in ELI (Energy Link Infrastructure (Malta) Limited).
24 Mar 23
Mexico: Harbour Energy announces submission of Zama Unit Development Plan
Harbour Energy and the other Zama Unit Holders, Petroleos Mexicanos (Pemex), Wintershall Dea, and Talos Energy, have announced that Pemex, as operator, submitted the Unit Development Plan (UDP) for the Zama field to Mexico's National Commission of Hydrocarbons (CNH) for approval.
24 Mar 23
Chad: Savannah Energy provides Chad upstream asset update
Savannah Energy notes the Decree issued by the President of the Republic of Chad dated 23 March 2023, nationalising Savannah Chad Inc’s ('SCI') (formerly Esso Exploration and Production Chad Inc ('EEPCI')) upstream production assets in Chad. On 9 December 2022 Savannah Energy Chad completed the acquisition of EEPCI.
24 Mar 23
Philippines: PETRONAS partners with Phoenix Petroleum to explore opportunity in the Phillipines
PETRONAS and Phoenix Petroleum have signed a Memorandum of Understanding (MOU) to jointly explore a partnership opportunity in the Philippines in the area of downstream marketing business and associated technology solutions.
24 Mar 23
Westwood Insight – UK fiscal regime to amplify North Sea rig exodus
Since the UK Government announced a further 10% hike to the UK Energy Profits Levy (EPL) – also known as the windfall tax – which took the headline tax rate for UK oil and gas producers to 75% and delayed the closing date until 2028, there has been a steady stream of announcements from North Sea operators regarding their forward drilling plans (or lack thereof) in the region.
24 Mar 23
Mexico: Talos Energy JV announces submission of Unit Development Plan for Zama Project in Mexico
Talos Energy and the other Zama Unit Holders Wintershall Dea, Harbour Energy and Pemex, have announced that Pemex, as operator, submitted the Zama Unit Development Plan to Mexico's National Commission of Hydrocarbons for formal approval. An Integrated Project Team comprised of individuals from all four Zama Unit Holders has been established to manage the development and operation of Zama going forward.
23 Mar 23
Vantage Drilling International reports fourth quarter and full-year 2022 results
Vantage Drilling International reported a net loss attributable to controlling interest of approx. $16.4 million for the three months ended December 31, 2022, based on the weighted average shares outstanding, as compared to a net loss attributable to controlling interest of $23.5 million for the three months ended December 31, 2021.
23 Mar 23
Trillion Energy announces results of 2022 year end reserve report
Trillion Energy International has provided summary results of its third-party December 31, 2022 year-end reserve report.
23 Mar 23
Falklands/Italy: Rockhopper Exploration announces Sea Lion and other corporate updates
Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin, notes the recent update published by Navitas Petroleum on Sea Lion development progress. Rockhopper has been presented by Navitas a revised development plan and has been provided the associated NSAI Independent Report.
23 Mar 23
Capricorn Energy announces cost base update
As announced on 1st February, the new Board has now commenced its comprehensive strategic review of Capricorn's business and the several potential directions for the future of the Company. Ahead of announcing the initial results of this strategic review on 27 April, Capricorn has provided an update on decisions which have been made about the Company's exploration portfolio and cost base.
23 Mar 23
Serica completes the acquisition of Tailwind Energy Investments
Further to the announcement on 21 March 2023, Serica Energy has confirmed that it has successfully completed the acquisition of Tailwind Energy Investments from Tailwind Energy Holdings.
23 Mar 23
JERA and Virya Energy reach an agreement for the acquisition of Parkwind by JERA
JERA has signed an agreement with Virya Energy to acquire 100% of the shares of Parkwind, Virya Energy’s offshore wind energy platform, for an equity value of close to €1.55 billion.
23 Mar 23
RWE accelerates growth and forges ahead on the energy transition
RWE continued to consistently pursue its ‘Growing Green’ investment and growth strategy in a very challenging year 2022, once again noticeably stepping up the pace. The company further expanded its good market position, both through organic growth in its core business and through strategic acquisitions. The RWE Group’s adjusted EBITDA for fiscal 2022 amounted to €6.3 billion, and thus exceeded the upper end of the forecast range.
23 Mar 23
Energean announces 2022 full year results
Energean has announced its audited full-year results for the year ended 31 December 2022.
23 Mar 23
Hess selects Halliburton Well Construction Suite to implement digital wells
Halliburton Company has announced that Hess Corporation has selected Halliburton Landmark’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells.
23 Mar 23
Equinor presents first integrated annual report
Equinor has published the integrated annual report for 2022, combining financial and sustainability reporting. This reflects the increasing importance of environmental, social and governance issues to the company’s stakeholders.
23 Mar 23
UK: UK Oil & Gas announces results of new CPR on the Horndean field
UK Oil & Gas has announced that a new Competent Person's Report ('CPR') has been completed on the Horndean field, located onshore UK (UKOG 10% non-operated interest).
23 Mar 23
Brazil: Scatec makes first drawdown under non-recourse loan facility for Mendubim solar project in Brazil
Scatec has made the first drawdown under a USD 243 million non-recourse loan facility, to partly finance construction of the 531 MW Mendubim project in Brazil. Construction of the Mendubim solar power plant is continuing with high activity and according to plan, and the overall progress has reached 34 percent.
23 Mar 23
Australia: Jadestone Energy announces production restart at Montara
Jadestone Energy, an independent oil and gas production company focused on the Asia-Pacific region, has announced that the Montara Venture FPSO offshore Australia resumed production operations early on Tuesday 21 March 2023.

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