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15 Apr 24
GoM: Subsea7 awarded contract in the Gulf of Mexico
Subsea 7 has announced the award of a sizable contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico.
15 Apr 24
Orrön Energy sells its 50 percent interest in the Leikanger hydropower plant in Norway for MEUR 53
Orrön Energy has entered into an agreement to sell its 50 percent interest in the Leikanger hydropower plant for an enterprise value of MNOK 613, approximately MEUR 53, to the existing partner Sognekraft Produksjon.
12 Apr 24
KCA Deutag secures over $200 million in land drilling contracts in the Middle East and Latin America
KCA Deutag, a leading drilling, engineering and technology partner, has announced the award of $204 million of land drilling contracts in Oman, Saudi Arabia, Peru and Bolivia, further strengthening its position in core and key markets.
12 Apr 24
Argentina: GeoPark announces exclusive negotiations for unconventional blocks in Vaca Muerta in Argentina
GeoPark, a leading independent Latin American oil and gas explorer, operator, and consolidator, has announced that the Company has submitted a binding offer to acquire a non-operated Working Interest in unconventional blocks in the Neuquen Basin in Argentina.
12 Apr 24
Optimism prevails in the global energy sector despite threat of political uncertainty, DNV report finds
DNV reveals a resilient optimism within the energy sector, despite prevailing caution. According to DNV's annual Industry Insight survey, 73% of senior energy professionals express confidence in the industry's growth trajectory for the upcoming year, a figure that has remained steady at around 74% since 2022, reflecting a resolute stance amid turbulence.
12 Apr 24
Petrofac provides update on strategic and financial options
Further to its recent announcements, Petrofac has provided an update on the status of ongoing negotiations as part of its review of strategic and financial options.
12 Apr 24
Australia: Central Petroleum agrees new gas supply into Northern Territory
Central Petroleum has agreed to supply additional gas into the Northern Territory for the remainder of 2024 under a new agreement announced today. The new agreement could see Central supply up to 2.1 PJ of gas to Power & Water Corporation over the remainder of the year while the Northern Gas Pipeline remains closed.
12 Apr 24
Var Energi announces first quarter 2024 trading update
Vår Energi has provided an update on production, sales volumes, and other relevant items. Vår Energi's net production of oil, liquids and natural gas averaged 299 kboepd in the first quarter of 2024, an increase of 33% from the fourth quarter of 2023 and an increase of 40% compared to the first quarter of 2023.
12 Apr 24
Australia: Woodside to retain current ownership levels in its Macedon and Pyrenees assets
Woodside commenced a process in the second half of 2023 to consider the potential for divestment of its interests in the Macedon and Pyrenees assets. Following completion of this process, Woodside has decided to retain its current ownership levels in both assets.
11 Apr 24
Colombia: Parex Resources and Ecopetrol enter into definitive agreements to explore Colombia’s high-potential Llanos Foothills trend
Parex Resources and its strategic partner Ecopetrol have entered into definitive agreements to consolidate their position along the Llanos Foothills trend in alignment with current Colombian government objectives to secure gas supply and support energy transition initiatives.
11 Apr 24
US: Eco Wave Power chosen by a major international energy company to conduct wave energy feasibility studies for the U.S. coastline
Eco Wave Power has been selected by a major energy company to conduct a comprehensive feasibility study aimed at identifying the top locations for commercial onshore wave energy stations in the U.S. and across the globe, using its Eco Wave Power proprietary technology.
11 Apr 24
UK: Kent plays integral role in ExxonMobil's investment in Fawley UK petrochemical complex
Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil's £800m investment in its Fawley Petrochemical complex. Involvement in the project, scheduled for completion next year, represents a key project for Kent and its partners in the alliance - Taylor Woodrow and BGEN.
11 Apr 24
Golden Energy Offshore Services secures contracts for three of its vessels
Golden Energy Offshore Services has secured contracts for three of its vessels. Reference is made to the press release from the 4th of April 2024 where it was announced that the the Company had secured short term contracts for the vessels Energy Partner and Energy Swan. ?The Company has now successfully secured a short term contract for the vessel Energy Pace.
11 Apr 24
Demark: Tyra Redevelopment Project continues progress with gas export from Tyra Satellite field Harald
BlueNord has announced that the Tyra Redevelopment Project continues to progress according to plan with the commencement of processing and export of gas from the Tyra Satellite Harald field.
11 Apr 24
Norway: Kent wins landmark 3-year framework contract with Repsol Norge
Kent, a global integrated energy services provider, has been awarded a comprehensive 3-year framework contract with Repsol Norge for various operations in the Norwegian sector of the North Sea.
11 Apr 24
Longboat Energy announces full year results to 31 December 2023
Longboat Energy, the full cycle emerging E&P business, has announced its results for the 12 months ended 31 December 2023. In 2023, Longboat made a transformational transaction with JAPEX to create a new joint venture in Norway. The JV is now in prime position to pursue opportunities and deliver on its plans to grow production and reserves in high quality assets in Norway.
11 Apr 24
Peru: PetroTal announces Q1 2024 operations and corporate updates
PetroTal, a company focused on development of oil and gas assets in Peru, has announced Q1 2024 operational, financial and corporate updates. The Company reports a 23% increase in production Quarter over Quarter, to 18,518 bopd.
10 Apr 24
Trinidad: Wood secures contract with Atlantic LNG in Trinidad and Tobago
Wood’s joint venture company, Massy Wood, has secured a three-year agreement with Atlantic LNG Company of Trinidad and Tobago, to provide project management and engineering expertise for Atlantic’s liquefaction facility in Point Fortin, Trinidad.
10 Apr 24
Brazil: Enauta signs MoU with 3R Petroleum and Maha Energy
Enauta informs that after unanimous approval from its Board of Directors, it has entered into a Memorandum of Understanding (MoU) with 3R Petroleum and Maha Energy Offshore Brasil regarding a potential transaction involving the integration of Enauta and 3R’s activities.
10 Apr 24
Brazil: Petrobras discovers oil in ultra-deep waters of the Potiguar Basin
Petrobras has discovered an oil accumulation in the ultra-deep waters of the Potiguar Basin in the Anhangá exploratory well of the POT-M-762_R15 Concession, located on the Brazilian Equatorial Margin. This is the second discovery in the Potiguar Basin in 2024.
10 Apr 24
Germany: RWE connects Lengerich wind turbine to grid after successful repowering
RWE has successfully completed the modernisation of its wind turbine in Lengerich. In a process known as repowering, the old 1.8 megawatt (MW) turbine was replaced by a more powerful one. The new 5.7 MW turbine at the Emsland location in north-west Germany now supplies around 4,000 instead of 1,000 households with green electricity.
10 Apr 24
US: Mosman Oil and Gas announces Q1 2024 production update
AIM-listed Mosman Oil and Gas the hydrocarbon, helium and hydrogen exploration, development and production company, has announced its production update for the three months ended 31 March 2024.
10 Apr 24
Norway: Shelf Drilling secures contract extension with Equinor in Norway
Shelf Drilling has announced that a subsidiary of Shelf Drilling (North Sea) has secured a contract extension for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Gudrun field located in the Norwegian Continental Shelf. The firm term of the extension is two wells with an estimated duration of 254 days in total. The contract extension also includes options for three wells at Gudrun.
10 Apr 24
Poland: ORLEN Group to deliver another 1 bcm of self-produced Norwegian gas to Poland via Baltic Pipe
The ORLEN Group has increased the volume of natural gas transported to Poland from its own production assets in Norway by more than 30%, equating to an additional 1 bcm annually. Gas produced from Norwegian fields by PGNiG Upstream Norway already accounts for about a half of the entire Baltic Pipe capacity booked by ORLEN.
10 Apr 24
UK: Hartshead provides Southern Gas Basin further operational update
Hartshead Resources reports that the P2607 Joint Venture continues to work on the development of the Anning and Somerville Gas Fields in the Southern Gas Basin assuming various possible fiscal scenarios.
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