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09 Feb 24
Equatorial Guinea: Exxon Mobil to exit Equatorial Guinea
Exxon Mobil said on Thursday it will exit Equatorial Guinea in the second quarter of this year, when the oil major will transfer its remaining investments in the country to the local government
09 Feb 24
Vestas Annual Report 2023 – A return to profitability
Vestas’ performance improved throughout 2023 with a return to profitability. Order intake set a record of 18.4 GW for the full year, which was driven by a record-setting fourth quarter that underlines the Company's strong momentum at the end of the year.
09 Feb 24
US: Vital Energy closes second transaction to acquire additional working interests related to recent Permian Basin acquisition
Vital Energy has announced the second acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy, Moriah Henry Partners and Henry Resources for total consideration of approx. $78 million.
08 Feb 24
GoM/UK: Diamond Offshore announces new rig commitments
Diamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024 in direct continuation of the rig’s current contract. The Company has also entered into a drilling contract with Serica Energy (UK) to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea.
08 Feb 24
TGS adds Well Economics to the Well Data Analytics Platform
TGS has announced that the latest enhancement to its innovative cloud-based oil and gas analytics platform, Well Data Analytics, now features well economic models and data. The newly added dataset allows real-time delivery of well economic statistics, providing users with valuable insights into oil and gas asset performance based on highly accurate well data and well-specific cost models.
08 Feb 24
UK: GEV Wind Power launches specialist UK & I onshore division, Blade Team
Global-leading wind turbine blade repair and maintenance experts, GEV Wind Power, has further bolstered its services with the launch of a new division, called Blade Team. Dedicated to the UK & Ireland onshore market, Blade Team will bring additional maintenance support to the region by providing in field-deployed rotor blade maintenance, utilising powered access platforms and associated services.
08 Feb 24
UK: EthosEnergy strengthens partnership with Harbour Energy
EthosEnergy, which specialises in services and solutions for rotating equipment in the energy and industrial sectors, has signed a five-year master service agreement (MSA) with Harbour Energy. The agreement, with an option to extend, sees EthosEnergy become Harbour Energy’s primary service provider for the maintenance and support of a fleet of light industrial gas turbines, across three production assets in the North Sea, UK sector.
08 Feb 24
Norway: AkerBP announces fourth quarter 2023 results
Aker BP delivered strong operational performance in the fourth quarter of 2023, with low cost and high efficiency, although production volumes were impacted by an unplanned shutdown at Alvheim. All field development projects continued progressing as planned, and the company maintained its low emissions intensity at an industry-leading level.
08 Feb 24
Aker Solutions announces Q4 2023 results - Solid performance, positioning for long-term profitable growth
Aker Solutions delivered solid financial performance in the fourth quarter and for the full-year 2023, with increasing revenue and margins. The large secured backlog of projects with balanced risk-reward profiles provides good visibility for future activity levels. The market outlook remains positive, with increased energy spending forecasted in the years to come.
08 Feb 24
California Resources Corporation to combine with Aera Energy
California Resources Corporation (an independent energy and carbon management company committed to energy transition) has announced the signing of a definitive merger agreement to combine with Aera Energy in an all-stock transaction.
08 Feb 24
Georgia: Block Energy announces Independent Engineering Report confirms prospects for Project III farm-out process
Block Energy, the development and production company focused on Georgia, has announced an Independent Engineering Report indicating over 1 TCF of 2C contingent gas resources in the Patardzueli and Samgori fields in licence XIB with a Net Present Value of more than USD 500 MM.
08 Feb 24
Timor Leste: Baron Oil announces completion of farm-up with TIMOR GAP
Baron Oil has confirmed that the Farm-Up Agreement between Baron's wholly owned subsidiary SundaGas and TIMOR GAP in relation to the TL-SO-19-16 Production Sharing Contract ('Chuditch PSC'), offshore Democratic Republic of Timor-Leste, has completed.
08 Feb 24
Trinidad: Touchstone announces Cascadura-2 drilling results and an operational update
Touchstone Exploration has announced an operational update, highlighted by the drilling results of the Cascadura-2 delineation well.
08 Feb 24
US: Zephyr Energy announces operations update
Zephyr Energy, the Rocky Mountain oil and gas company, has provided an update on its operated project in the Paradox Basin, Utah and on its non-operated project in the Williston Basin, North Dakota.
08 Feb 24
Cameroon: Tower Resources awarded extension of First Exploration Period of Thali License in Cameroon
Tower Resources has received formal notification from the Minister of Mines, Industry and Technological Development in Cameroon ('MINMIDT') of the extension of the First Exploration Period of the Thali production-sharing contract to 4th February 2025,
08 Feb 24
DNO reports 2023 production rebound, North Sea exploration success
DNO, the Norwegian oil and gas operator, has reported 2023 revenues of USD 668 million and operating profit of USD 218 million on the back of production rebound in the Kurdistan region of Iraq in a year marked by North Sea exploration success.
08 Feb 24
Sweden: Aker Carbon Capture awarded study for capturing biogenic CO2 in Sweden
Aker Carbon Capture has been awarded a feasibility study by Nordbex AB, a Swedish developer of modular carbon negative power plants, for the integration of two Just Catch 100 carbon capture units into an electric power generation project in southern Sweden. Waste residues from local forestry management, timber and pulp and paper industries will be utilized as feedstocks for the new power plant.
08 Feb 24
Norway: AGR wins Var Energi well control scope
AGR has been awarded a long-term contract for the provision of blowout and well control studies and associated services to the Vår Energi activities on the Norwegian continental shelf.
07 Feb 24
TGS and GVERSE GeoGraphix announce strategic partnership
TGS, a global provider of energy data and intelligence, has announced a strategic partnership with GVERSE GeoGraphix. Together, they will provide an integrated solution that allows geoscientists to easily access and integrate TGS licensed well data within the GVERSE GeoGraphix software suite.
07 Feb 24
Seaway7 and Dong Fang Offshore collaborate on offshore wind in Taiwan
Seaway7 and Dong Fang Offshore have signed a Memorandum of Understanding outlining their intention to collaborate in an exclusive manner and further strengthen their offering to the offshore wind market in Taiwan. The collaboration will focus on developing a robust localised cable installation offering for the Taiwanese offshore wind projects to clients.
07 Feb 24
Danos secures Shell planning and scheduling contract
Danos, a leading energy services provider, announces the signing of a new planning and scheduling contract with Shell Exploration and Production Company, a subsidiary of Shell. The agreement entrusts Danos to deploy a team of highly skilled personnel to support Shell’s Upstream operations, underscoring Danos’ commitment to excellence in providing project management solutions.
07 Feb 24
UK: Energy security boost after Centrica and Repsol agree LNG supply deal
Centrica Energy and Repsol have announced the signing of a deal that will improve the UK’s energy security in the coming years. The deal will see Centrica purchase 1 million tonnes of Liquified Natural Gas (LNG) shipments between 2025 and 2027. All of these cargoes are expected to be delivered to the Grain LNG import terminal in Kent.
07 Feb 24
Brazil: Statkraft inaugurates the company’s largest wind farm outside Europe in Brazil
Statkraft inaugurates the company’s largest wind farm outside Europe, the 519 MW Ventos de Santa Eugênia Wind Complex in Bahia, Brazil. It is among the first hybrid projects in Brazil once the planned solar farm of 163 MW is added to optimise energy production.
07 Feb 24
Turkey: UKOG provides Pinarova-1 testing update
UK Oil & Gas (UKOG) has announced that, following successful reperforating and extensive swab testing at Pinarova-1 by operator Aladdin Middle East, it has been mutually concluded that, in the absence of commercial rates of hydrocarbons, no further testing will take place.
07 Feb 24
Helix announces decommissioning contract extension with Trident Energy
Helix Energy Solutions has announced the extension of its decommissioning contract with Trident Energy do Brasil Ltda. The contract extension is for an additional 12 months and in direct continuation of the current contract.
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