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13 Jul 21
Australia: World's biggest green energy hub proposed for south coast of Western Australia
An international consortium plans to build the world's biggest renewable energy hub along the south coast of Western Australia. The Western Green Energy Hub (WGEH) would stretch across 15,000 sq kms and could produce up to 50 gigawatts of energy.
13 Jul 21
Victoria Oil and Gas announces audited results for the year ended 31 December 2020
Victoria Oil & Gas, the Cameroon-based gas and condensate producer and distributor, has announced the publication of the financial information for the year ended 31 December 2020.
13 Jul 21
UK: NEO Energy completes Zennor Petroleum acquisition
NEO Energy, the independent full-cycle North Sea operator in the UK Continental Shelf backed by HitecVision, has announced the completion of its acquisition of independent oil and gas company Zennor Petroleum. The completion further solidifies NEO’s position among the largest oil and gas producers in the UKCS and delivers an asset portfolio with significant scope for organic growth.
13 Jul 21
Georgia: Block Energy announces Q2 operational update
Block Energy, the development and production company focused on Georgia, has announced a Q2 operational update. Towards the end of the quarter, the Company delivered on its key objective with the spudding of the WR-B1 well, which seeks to provide a material boost to production in Georgia.
13 Jul 21
Magseis Fairfield increases Revolving Credit Facility to USD 45 million
Magseis Fairfield has reached an agreement with DNB for a temporary increase of its Revolving Credit Facility (RCF) from USD 30 million to USD 45 million. he Company intends to utilize the increased credit facility solely for working capital purposes related to secured contracts.
13 Jul 21
US: Zephyr Energy commences drilling of State 16-2LN-CC well
AIM-listed Zephyr Energy, the Rocky Mountain oil and gas company, has provided an update on its flagship project in the Paradox Basin, Utah. The Company has announced the commencement of drilling operations on the State 16-2LN-CC appraisal well.
13 Jul 21
Argentina/Paraguay: President Energy provides operational update
AIM-listed President Energy, the energy company with a diverse portfolio of hydrocarbon production and exploration assets focused primarily in South America, as provided an operational update in relation to its oil and gas activities in Argentina and Paraguay.
13 Jul 21
Egypt: SDX Energy provides update on drilling operations at the Ibn Yunus-2 ('IY-2') well in Egypt
SDX Energy has provided an update on drilling operations at the Ibn Yunus-2 well in the South Disouq Exploration Permit onshore Nile Delta, Egypt. Following testing, the well is expected to begin to contribute to production at South Disouq by the end of August.
13 Jul 21
UK: Serica Energy announces successful flow test results from Columbus development well
AIM-listed Serica Energy has announced successful flow test results from the Columbus development well in UKCS Blocks 23/16f and 23/21a (part).
13 Jul 21
Netherlands: Kistos announces trading and operational update
Kistos, the low carbon intensity gas producer pursuing a strategy to acquire assets with a role in energy transition, has provided a trading and operational update.
12 Jul 21
Vietnam: Coro Energy announces proposed acquisition of Vietnamese solar portfolio
Coro Energy, the South East Asian energy company focused on leading the regional transition to a low carbon economy, has signed binding Heads of Terms to acquire rights over a portfolio of 150MW rooftop solar projects in Vietnam from Vinh Phuc Energy, commencing with a 5MW pilot project.
12 Jul 21
Brazil: Petrobras signs Itapu Coparticipation Agreement
Petrobras has signed with Pre-sal Petroleo S.A. (PPSA) the Itapu Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Contract (ToR) and the Production Sharing Contract (PSC) for the Surplus of the Transfer of Rights for the Itapu field, in the Santos Basin pre-salt area.
12 Jul 21
Brazil: Petrobras releases teaser of E&P assets in Potiguar Basin
Petrobras has started the opportunity disclosure stage (teaser) for the sale, together with Sonangol, of the total stakes of both companies in the onshore exploratory block POT-T-794, in the BT-POT-55A concession, located in the Potiguar Basin, in the State of Rio Grande do Norte.
12 Jul 21
Brazil: Petrobras signs contract for the sale of the Papa-Terra field to 3R Petroleum
Petrobras has signed a contract with 3R Petroleum for the sale off its interest in the Papa-Terra field, located in the Campos Basin.
12 Jul 21
Guyana: Frontera Energy announces spud date for Kawa-1 well on the Corentyne block offshore Guyana
Frontera Energy, the majority shareholder of CGX Energy and JV partner in the Corentyne block offshore Guyana, has announced that the Kawa-1 well, the JV's commitment well on the Corentyne block, is expected to be spud between August 1-15 this year. The primary target is a Santonian age, stratigraphic trap, interpreted to be analogous to the discoveries immediately to the east on Block 58 in Suriname.
12 Jul 21
UK net zero strategy must assemble a mass skilled workforce, says Energy Barometer 2021
Professionals across all walks of UK energy have called for government and industry to coalesce around a national skills strategy that underpins the development of low-carbon energy and supply chains, in a just way that does not leave today’s skilled workers and their communities stranded.
12 Jul 21
Australia: Valaris announces floater contract award
Valaris has been awarded a 16-well contract with Woodside offshore Australia for semisubmersible, VALARIS DPS-1. The contract is expected to commence late in the first quarter or early in the second quarter of 2022 with an estimated duration of 300 days.
12 Jul 21
UK: OGA interventions avoid 970,000 tonnes of lifetime CO2e emissions
The Oil and Gas Authority (OGA) has published its Annual Report and Accounts which gives an overview of performance over the past year and expectations for the coming years. The report reveals that OGA interventions in 2021 have helped the oil and gas industry avoid producing 970,000 tonnes of future carbon dioxide equivalent.
12 Jul 21
Mongolia: Talon Energy receives approval for the Gurvantes XXXV CBM PSC
Talon Energy has received formal notification from Telmen Resource that the Gurvantes XXXV coal bed methane (CBM) Production Sharing Agreement (PSA) with Telmen was approved at a meeting of the Mongolian Cabinet. Under the terms of the proposed Farm-in Agreement with Telmen, Talon has an option to earn a 33% participating interest.
12 Jul 21
Bass Oil to acquire Australian oil and gas production assets from Cooper Energy
Bass Oil has entered into a conditional sale and purchase agreement with Cooper Energy for the acquisition of three non-operated Cooper Basin assets including a 30% interest in the producing Worrior oil field and interests in highly prospective exploration acreage for total cash consideration of A$650,000.
12 Jul 21
SDX Energy provides trading and operations update
AIM-listed SDX Energy, the MENA-focused oil and gas company, has provided an unaudited update on its operating results and cash and liquidity position for the six months ended 30 June 2021.
12 Jul 21
Norway: OMV (Norge) completes drilling of 1/3-13 exploration well in PL 970
OMV (Norge) has concluded the drilling of wildcat well 1/3-13 in PL 970. The well was drilled near the 1/3-11 (Ipswich) oil discovery from 2008 and about 6 kms south of the Oselvar field in the southern North Sea.
12 Jul 21
Australia: West Erregulla-4 well flows gas at 35MMscf/d from Kingia reservoir
Strike Energy has completed production testing at the West Erregulla 4 well. Flow rates of 35 mmscf/d were observed during sustained testing, confirming the high productivity of the Kingia Sandstone. West Erregulla 4 will be retained as a future Phase 1 producer.
12 Jul 21
bp releases the 70th annual edition of the bp Statistical Review of World Energy
bp has released the 70th annual edition of the bp Statistical Review of World Energy. The data collected in this year’s edition includes energy data for 2020 – one of the most turbulent years the world has ever seen. This year’s Review captures the dramatic impact the global pandemic had on energy markets and how the ‘year of COVID’ may help shape future global energy trends.
12 Jul 21
Aker Carbon Capture launches Carbon Capture as a Service
Aker Carbon Capture has launched Carbon Capture as a Service; Carbon capture made easyT, an integrated offering that covers everything a customer needs to reduce emissions by CCS.
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