energy-pedia news

Search energy-pedia news by selecting date, type, and region from the drop-down boxes

The full News Archive is available to Corporate Subscribers only. Non-Subscribers can access up to four years of archived news. For details of how to subscribe click here.

Reset

04 Dec 24	US: Crescent Energy announces accretive Central Eagle Ford bolt-on Crescent Energy Company has announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million plus future oil price contingent consideration, subject to customary purchase price adjustments.
04 Dec 24	Kent awarded 3-year global EPCm framework with bp Kent, a leading engineering and project services company, has been awarded a three-year global Engineering, Procurement, and Construction Management (EPCm) framework contract by bp (P&O Projects). This contract includes options for two additional 2-year extensions and positions Kent as a key partner to bp in delivering world-class project services across bp’s global asset portfolio.
04 Dec 24	EBRD loan to AKLease supports green financing The European Bank for Reconstruction and Development (EBRD) is providing a €50 million loan to Türkiye’s AKLease, a longstanding partner in the country, for on-lending to sub-borrowers implementing green investments such as energy efficiency, renewable energy and climate resilience measures.
04 Dec 24	Italy: ABL completes scope on FSRU Toscana Project Energy and marine consultancy ABL has completed its scope of work as marine warranty surveyor (MWS) to support the successful transport and re-installation of the floating storage and regasification unit (FSRU) Toscana, off the coast of Livorno, Italy.
04 Dec 24	Norway: SLB Capturi completes construction of the world’s first industrial-scale carbon capture plant at a cement facility SLB Capturi has reached a significant milestone of mechanical completion of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway. Facility will reduce emissions by up to 400,000 metric tons of CO2 annually for Heidelberg Materials - one of the world’s largest building materials companies.
04 Dec 24	Saudi Arabia: Aramco, Linde and SLB sign shareholders’ agreement for one of the largest CCS hubs globally Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a shareholders’ agreement with Linde and SLB, paving the way for development of a Carbon Capture and Storage (CCS) hub that is expected to become one of the largest globally. Under the terms of the shareholders’ agreement Aramco will take a 60% equity interest in the CCS hub, with Linde and SLB each owning a 20% stake.
04 Dec 24	Saudi Arabia: TotalEnergies and Aljomaih Energy & Water Company awarded 300 MW solar project A consortium comprising TotalEnergies and Saudi developer Aljomaih Energy and Water Company (AEW) has signed a 25-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) related to the 300 MW solar power project, Rabigh 2.
04 Dec 24	South Africa: Etana secures US$100 million in guarantee finance AIM-listed Chariot, the Africa focused transitional energy group, notes the press release made by British International Investment ('BII') and GuarantCo announcing a US$100 million guarantee finance facility for Etana Energy, the South African electricity trading platform which is owned by Chariot (49%) and H1 Holdings (51%).
04 Dec 24	UK: Centrica announces extension to the lives of four nuclear power stations Centrica has announced the extension of the lives of its four operational Advanced Gas-cooled Reactor ('AGR') nuclear power stations alongside its partner, EDF. The extensions will support the UK's baseload power generation for years to come, support the UK's net zero ambitions and help maintain grid stability at a time when cleaner, but more intermittent, renewable generation is being added to the energy mix.
04 Dec 24	Indonesia: Texcal Energy's PSC PC-01 exploration well disappoints JV partner Cue Energy reports that the Texcal Energy-operated PC-01 exploration well in the Mahato PSC, Indonesia, did not yield hydrocarbons and the well has been plugged and abandoned.
03 Dec 24	Experts challenge UK policymakers over serious hydrogen challenges A new publication which provides expert analysis, evidence and policy recommendations from The University of Manchester to tackle the UK’s key hydrogen policy challenges has just been released. On Hydrogen - from the University’s policy engagement unit, Policy@Manchester - features seven articles from academics including research-led advice on areas such as the production of hydrogen, storage of hydrogen, decarbonisation of industry and transport, and the future role of hydrogen interconnectors.
03 Dec 24	Iraq: Genel Energy provides update on arbitration regarding the Bina Bawi and Miran PSCs Genel Energy has received a copy of the award in respect of the London Court of International Arbitration claim brought by the Kurdistan Regional Government ('KRG’) in December 2021 against the Genel subsidiary, Genel Energy Miran Bina Bawi Limited GEMBBL. The Tribunal has ruled that the KRG validly terminated the Bina Bawi and Miran production sharing contracts and that GEMBBL’s counterclaim is dismissed.
03 Dec 24	Peru: PetroTal announces closing of Block 131 acquisition PetroTal has closed the acquisition of a 100% working interest in Peru’s Block 131, as originally disclosed on May 8, 2024, pursuant to which the Company acquired all of the issued and outstanding shares of CEPSA Peru, which represents the entire Peruvian business unit of CEPSA.
03 Dec 24	GoM: McDermott awarded FEED contract by Repsol in the Gulf of Mexico McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México for the Polok and Chinwol field development project in the Gulf of Mexico.
03 Dec 24	Saudi Arabia: Aramco, TotalEnergies and Saudi Investment Recycling Company (SIRC) assess the development of a sustainable aviation fuels unit Aramco, TotalEnergies, and Saudi Investment Recycling Company (SIRC), the major player which collects and valorizes organic materials into sustainable products in Saudi Arabia, announced today the signing of a Joint Development and Cost Sharing Agreement (JDCSA) to assess the development of a sustainable aviation fuels (SAF) production unit in the Kingdom of Saudi Arabia.
03 Dec 24	Saudi Arabia: TotalEnergies celebrates fifty years of operations in Saudi Arabia On the occasion of French President Emmanuel Macron’s state visit to the Kingdom of Saudi Arabia and as the Company celebrates fifty years of operations in the country, TotalEnergies underlines the importance of its strategic partnership in the field of energy with the Kingdom under the patronage of His Royal Highness Prince Abdulaziz bin Salman Al Saud, Saudi Minister of Energy.
03 Dec 24	Netherlands: Equinor launches its first Hydrogen Open Season Equinor is launching its first Hydrogen Open Season, calling on parties to express their interest in low carbon hydrogen from H2M Eemshaven in the Netherlands, from 02 December 2024 to 31 January 2025. Equinor maintains its ambition to advance the production of low-carbon hydrogen and to develop low carbon hydrogen value chains in North-West Europe.
03 Dec 24	Italy: Enilive and easyJet sign two agreements for supply of sustainable aviation fuel (SAF) in Italy Enilive, a company dedicated to mobility services and products, has announced a new agreement with easyJet, Europe's leading airline, to supply a number of flights from Milan Malpensa Airport with Sustainable Aviation Fuel (SAF).
03 Dec 24	Invinity launches next-generation vanadium flow battery Invinity Energy Systems, a leading global manufacturer of utility-grade energy storage, has formally launched ENDURIUM, the Company's next-generation vanadium flow battery, for general sale.
03 Dec 24	Velesto positions NAGA 8 for future opportunities Velesto Energy has provided an update regarding the suspension of the contract for NAGA 8 due to early completion of drilling programme. Velesto has identified this as an opportunity to accelerate the Special Periodic Survey for NAGA 8. This approach positions NAGA 8 to capitalise on the opportunities the Group is actively pursuing.
03 Dec 24	India: Shearwater Geoservices awarded large 2D seismic survey by Oil India Shearwater Geoservices has been awarded a large 2D towed streamer seismic survey by Oil India Ltd, covering 14,500 line kilometers on the East Coast of India in the Bay of Bengal.
03 Dec 24	Vestas wins 342 MW order in the USA Vestas has been awarded a 342 MW order in the USA as part of its Q4 order intake. The customer is Invenergy Wind LLC. Delivery is planned for Q4 2025, with commissioning scheduled in late 2026.
03 Dec 24	United Oil & Gas announces corporate update AIM-listed United Oil & Gas, the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK has provided an update before the Christmas period.
03 Dec 24	UK: Orcadian Energy acquires HALO Offshore UK AIM-listed Orcadian Energy has announced that the Company has acquired all of the ordinary shares of HALO Offshore UK from the joint liquidators of Hague and London Oil. HALO does not currently hold any licences.
03 Dec 24	US: Zephyr Energy announces Q3 2024 Williston Basin production results Zephyr Energy, the Rocky Mountain oil and gas company, has provided results for the quarter ended 30 September 2024 related to hydrocarbon production from its non-operated asset portfolio in the Williston Basin, North Dakota, U.S.