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19 Jun 24
Mongolia: Petro Matad announces final results for Y/E 31 December 2023
Petro Matad, the AIM quoted Mongolian oil company, has announced its audited final results for the year ended 31 December 2023. The Company continued to push the Mongolian government and authorities to register Block XX Exploitation Area as State Special Purpose land and secured Cabinet approval for the certification in July.
19 Jun 24
Colombia: Arrow announces first Ubaque horizontal well results
Arrow Exploration has provided an update on operational activity, particularly at the multi horizon, Carrizales Norte ('CN') field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. Arrow has put on production the first of four Ubaque horizontal wells planned for 2024.
19 Jun 24
Timor Leste: Baron Oil provides update on the status of the Chuditch PSC offshore Timor Leste
AIM-listed Baron Oil has provided an update on the status of the TL-SO-19-16 Production Sharing Contract ('Chuditch PSC'), offshore Democratic Republic of Timor-Leste. The PSC has entered Contract Year Three, which contains a commitment to drill an appraisal well on the Chuditch gas field. The Company continues its discussions with additional potential funding partners regarding participation in the drilling of the appraisal well.
19 Jun 24
Malaysia: PETRONAS awards Late Life Asset PSC for production continuity of the Banang field
PETRONAS, through Malaysia Petroleum Management (MPM) recently awarded a Late Life Asset Production Sharing Contract (LLA PSC) for the Banang field, located offshore Peninsular Malaysia, to Petra Energy Development, a wholly owned subsidiary of Petra Energy, the operator of the field with 100 percent participating interest.
19 Jun 24
New Report: Strong expectations continue in offshore wind despite short-term downgrades
TGS, the leading global provider of energy data and intelligence, has stated an estimated global ambition of over 800 GW of annual wind-produced power, according to their latest Market Overview Report, powered by 4C Offshore, their wind market intelligence platform.
19 Jun 24
Occidental Low Carbon Ventures and TAE Technologies explore fusion energy for Direct Air Capture facilities
Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental, and TAE Technologies, a global leader in fusion energy development, have signed a memorandum of understanding to explore commercial opportunities that use TAE’s fusion technology to provide emissions-free power and heat for Direct Air Capture (DAC) facilities.
18 Jun 24
UK: David Whitehouse’s speech at OEUK Economy and People report launch in Aberdeen
David Whitehouse – Chief Executive of Offshore Energies UK – delivered a keynote address to over 200 attendees at the Offshore Energies UK (OEUK) Economy and People report launch event in Aberdeen on the 18th June 2024. David highlighted the need for greater collaboration and partnership between industry and governments to unleash the potential of our offshore energy industry to power the UK’s future.
18 Jun 24
US: BOEM advances offshore wind near U.S. territories
The Bureau of Ocean Energy Management (BOEM) is seeking ideas for baseline environmental and socioeconomic studies to inform BOEM’s decisions on potential offshore wind energy activities in the U.S. territories, as well as information on entities in the U.S. territories that have the capabilities, expertise, and interest in carrying out environmental monitoring and conducting studies.
18 Jun 24
Spain: Nordex Electrolyzers develops the first prototype of a 500-kW pressurized alkaline electrolyzer
On June 17, 2024, Nordex Electrolyzers – a joint venture between the Government of Navarra and Nordex Group, one of the world’s largest manufacturers of wind turbines, inaugurated a test bench in its plant at Lumbier. The company presented its first in-house-developed prototype of a 500-kW pressurized alkaline electrolyzer to the public.
18 Jun 24
TGS and PetroAI announce strategic partnership to develop on-demand AI Earth models
TGS, a global leader in energy data and intelligence, has announced a strategic partnership with PetroAI. This collaboration aims to provide E&P companies with an integrated solution that allows users to access TGS's licensed data via the PetroAI platform. By leveraging PetroAI’s advanced AI models, this partnership enhances the ability to accurately quantify exploration and development trade-offs.
18 Jun 24
US: TGS announces initiative to bolster 4C Offshore’s market leadership in offshore wind and subsea cable intelligence
TGS, a global leader in energy data and intelligence, is launching a new initiative to enhance market insights in U.S. offshore wind. This initiative aims to establish its flagship product, 4C Offshore, as the leading source for offshore wind and subsea cable market intelligence in this emerging market.
18 Jun 24
Angola: Etu Energias concludes deal with Galp for stakes Block 32 and Block 14/14k offshore Angola
Etu Energias has announced the conclusion of the acquisition of GALP Energia’s working interests in Block 32 (5%), 9% in Block 14 and 4,5% in Block 14K offshore Angola.
18 Jun 24
Portugal: Iberdrola obtains final environmental authorisation to build Portugal's largest wind farm
Iberdrola obtained the final environmental approval from the Portuguese government to build the country's largest wind farm. The new wind farm will have a capacity of 274 MW, equivalent to the consumption of 128,000 households, and will be built in the town of Vila Real, in Braga.
18 Jun 24
UK: Costain selected to conduct pioneering transport study into use of hydrogen refuelling stations
Costain, the infrastructure solutions company, has been selected by Wales & West Utilities to lead a study exploring how hydrogen refuelling stations can be integrated into the UK’s existing gas network. The research, funded by Ofgem, will explore the potential of using the UK’s natural gas network – which provides energy to homes, businesses, and large industry - as hydrogen fuelling infrastructure in anticipation of increased demand for zero emissions vehicles.
18 Jun 24
UK: Offshore energy sector job opportunities could increase 50% by 2030 with supportive policy
UK energy production is at a turning point which could have a decisive impact on the nation’s future economic growth, according to the new Economy & People 2024 report published by Offshore Energies UK (OEUK). Government decisions following next month’s election offer the opportunity to focus on a homegrown energy transition which could secure the livelihoods of hundreds of thousands of highly skilled people across the UK, the report shows.
18 Jun 24
Kazakhstan: Technip Energies and KPSP signs a long-term services agreement with KPO for the development of the Karachaganak field in Kazakhstan
Technip Energies, through its joint-venture TKJV LLP with KPSP, has announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak field, located in northwest Kazakhstan near Aksai.
18 Jun 24
Norway: Var Energi extends gas sales agreement with VNG for an additional 12 years
Vår Energi has extended the long-term agreement for delivery of up to five billion cubic meters (bcm) natural gas to VNG over a 12-year period. The agreement builds on the long-standing relationship between Vår Energi and VNG, dating back to the early 1990s.
18 Jun 24
Global offshore wind capacity increases by more than a fifth over last year, reaching 75GW milestone
A new report published today by RenewableUK shows that global offshore wind operational capacity has increased by 21% over the last 12 months, from 61.5 gigawatts a year ago to 75GW today. The new capacity added over the past year generates enough electricity to power the equivalent of more than 14 million UK homes all year round.
18 Jun 24
Vestas signs conditional agreement with Vattenfall and BASF for the Nordlicht projects in the German Northsea
Vestas has secured a conditional agreement to supply 112 V236-15.0 MW wind turbines for Vattenfall’s and BASF’s Nordlicht 1 and 2 offshore wind projects. The Nordlicht wind farm area is located 85 kilometres north off the island of Borkum in the German North Sea and consists of two separate locations: Nordlicht 1 and Nordlicht 2.
18 Jun 24
Shell signs agreement to acquire Pavilion Energy
Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).
18 Jun 24
Poland: Equinor expands renewables portfolio in Poland with a new solar plant
Equinor’s third solar plant in Poland, Lipno has started test production. This brings the company’s onshore renewables capacity in Poland to ~200 MW, and further strengthens its position in one of the fastest-growing renewable energy markets in Europe.
18 Jun 24
Romania: Vestas to deliver a 192 MW full EPC turnkey project in Romania
Vestas has received a firm order from First Look Solutions, a subsidiary of Rezolv Energy and Low Carbon, to deliver a full engineering, procurement, and construction (EPC) solution for the 192 MW Vifor project in south-eastern Romania.
18 Jun 24
France: Equinor and GRTgaz sign agreement to develop CO2 transport infrastructure in France
Equinor and main French gas transmission operator GRTgaz have signed a project development agreement (PDA) for a CO2 transport system for captured CO2 from industrial emitters in France to safe and permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project.
18 Jun 24
Xodus creates a new dedicated renewables engineering arm Evolv Energies
Global energy consultancy Xodus has created a new dedicated renewables engineering arm to strengthen its capabilities in the offshore markets. The new entity is targeting energy transition contracts in the concept technology, pre-FEED, FEED and detailed design stages of offshore projects.
18 Jun 24
Australia: Comet Ridge increases position in Mahalo Gas Hub with new block win
Comet Ridge has been selected by the Queensland Government as preferred tenderer for an additional gas block in the Mahalo Gas Hub area. Comet Ridge will be Operator of the new block on a 100% equity basis, which is located immediately north of Mahalo East (ATP 2061) and west of Mahalo Far East (ATP 2063).
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