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14 Feb 24
TGS provides update on regulatory approvals relating to the merger with PGS
TGS reports that completion of the merger with PGS is still expected to complete during the second quarter of 2024, as previously communicated.
14 Feb 24
Norway: Var Energy drills dry wells in PL 917
Vår Energi drilled wells 25/7-12 S and A 200 kms northwest of Stavanger, both of which were dry. The 'Hubert' and 'Magellan' prospects were drilled in production licence 917, awarded in 2017.
14 Feb 24
UK: Europa Oil & Gas awarded extension of PEDL 343 Licence (Cloughton)
Europa Oil & Gas has announced an extension to licence PEDL 343 located in the East Midlands of the UK, which contains the Cloughton gas discovery. The extension will enable the Company to continue its ongoing work on the licence, where Europa estimates Cloughton to have Pmean gross gas initially in place (GIIP) volumes of 192 BCF.
14 Feb 24
US: Zephyr Energy receives approval of State 36-2R well drilling permit
Zephyr Energy, the Rocky Mountain oil and gas company, has received state and federal Sundry Notice approvals for the amendment of the drilling permit related to the forthcoming 'twinned' redrill of the State 36-2 well (the 'State 36-2R well) on its project in the Paradox Basin, Utah, U.S.
14 Feb 24
Australia: Jadestone Energy announces completion of CWLH oil fields interest acquisition
Jadestone Energy, has announced the completion of the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes ('CWLH') oil fields development, offshore Western Australia, from Japan Australia LNG (MIMI).
14 Feb 24
Capsol Technologies partners with Munters to advance carbon capture solutions
Capsol Technologies, a provider of carbon capture technology to large emitters, has announced a new collaboration with Munters, a global leader in energy efficient air treatment and climate control solutions. The partnership aims to further enhance the efficiency and effectiveness of Capsol’s proprietary process for capturing CO2 from industrial emissions.
14 Feb 24
Norway: Reach Subsea announces Q4 2023 - record high numbers and strong outlook
Reach Subsea has published its fourth quarter 2023 results with solid revenue and profitability growth. The fourth quarter of 2023 was record-breaking for Reach Subsea and so was the entire year of 2023.
14 Feb 24
Argentina: Wintershall Dea announces successful installation of Fenix Platform off the coast of Argentina
Wintershall Dea and its partners TotalEnergies (operator) and Pan American Energy have successfully completed the installation of the Fénix platform, around 60 kms off the coast of Tierra del Fuego, in 70 meter water depth. First gas is scheduled end of 2024.
14 Feb 24
Mexico: Woodside receives Social Impact Assessment approval for Trion project
Woodside has announced that the Trion oil and gas project has received approval for its Social Impact Assessment from the Mexican Ministry for Energy. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. It is located in the Gulf of Mexico at a water depth of 2,500m, and is being developed by Woodside Energy in a joint venture with PEMEX. First oil is targeted for 2028.
13 Feb 24
Spain: SSE Renewables begins construction of its first onshore wind farm in Spain
Leading low-carbon energy company SSE has begun construction of the circa 64MW Jubera onshore wind farm in the La Rioja region of Spain. The project, located in the town of Santa Engracia del Jubera, is the company's first onshore wind farm to be constructed in Spain.
13 Feb 24
Senegal: Capricorn provides Senegal update
Capricorn notes Woodside Energy’s announcement today confirming the arrival of the Floating Production Storage and Offloading (FPSO) facility for Woodside’s Sangomar Field development offshore Senegal and its intention to continue to target First Production for mid-2024.
13 Feb 24
Eco Wave Power consortium secures £1.5 million grant to design a pilot microgrid project for an island in Thailand
Eco Wave Power Global, a leading, publicly traded onshore wave energy company, has won a £1.5 million grant as part of a consortium led by Toshiba (U.K.) and Aquatera (U.K.) to design a pilot microgrid project for a remote island in Thailand.
13 Feb 24
Expro announces agreement to acquire Coretrax
Expro, a leading provider of energy services, has entered into a definitive agreement to acquire Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity and production optimization solutions, for approx. $210 million.
13 Feb 24
CGG releases white paper on potential of offshore geothermal energy as a future global resource
CGG, a global technology and Earth science leader, has released a white paper outlining the potential of offshore geothermal energy as a green energy resource of global significance and setting out a framework for its responsible development.
13 Feb 24
Senegal: Sangomar FPSO arrives in Senegal
Woodside Energy has announced that the Léopold Sédar Senghor Floating Production Storage and Offloading (FPSO) facility has safely arrived offshore Senegal. This is a significant step toward achieving First Production from the Sangomar field which is targeted for mid-2024.
13 Feb 24
Norway: Kistos announces Balder field update
Kistos, a joint venture partner in the Balder and Ringhorne oil and gas fields in Norway, notes the announcement made by Var Energi confirming that the upgrade of the Joutun FPSO is 90% complete and that first oil is now anticipated to be the end of Q4 2024.
13 Feb 24
Australia: Central Petroleum secures new gas sale agreement
Central Petroleum has secured a new gas sales agreement (GSA) with the Arafura Rare Earths group for the supply of up to 6.85 PJ of gas to its proposed Nolan’s Project in the Northern Territory over 5 years from 2026.
13 Feb 24
DOF Group announces contract award and contract extension in APAC
DOF has announced a contract award and a contract extension securing further backlog for the APAC region. The latest contract will utilise Skandi Hercules and see the vessel fully utilised off the Australian coast into Q3 2024. In addition, a contract extension has been secured for Skandi Singapore with the vessel fully committed through Q3 2024.
13 Feb 24
Thailand: Valeura Energy provides Nong Yao infrastructure and Wassana drilling update
Valeura Energy has announced the mobilisation of a Mobile Offshore Production Unit ('MOPU'), destined for its Nong Yao field, and has provided an update on development drilling at the Wassana field, offshore Thailand.
13 Feb 24
PGS awarded offshore wind site characterization contract
PGS has been awarded an offshore wind site characterization contract in Europe. Mobilization is scheduled for early July and the contract has a total duration of approx. 2 months. The project will be acquired with PGS’ ultra-high-resolution 3D (UHR3D) streamer, providing significantly more detailed subsurface data for shallower targets compared to traditional seismic acquisition systems.
13 Feb 24
Jadestone Energy responds to media speculation and suspension of trading
Jadestone Energy notes recent media speculation and confirms that it is a participant in the bid process being managed by Morgan Stanley on behalf of Woodside Energy in respect of the proposed sale by Woodside of its participating interests in the Macedon and Greater Pyrenees Projects offshore Western Australia.
13 Feb 24
US: Union Jack Oil acquires 75% interest in Wilzetta Drilling Project, Oklahoma, United States
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development and exploration company, has announced, further to the Company's announcement dated 6 February 2024, that it has signed a further two farm-in agreements with Reach Oil & Gas Company Inc.
13 Feb 24
Empyrean completes £700,000 Placing
Empyrean Energy has raised £700,000 through a placing of new ordinary shares. Funds will be used for ongoing prospect, licensing fees and permit costs at Block 29/11, offshore China and for ongoing costs associated with advancing the Mako Gas Field toward production and completing the Duyung PSC sell-down process, offshore Indonesia.
13 Feb 24
Santos releases Annual Reserves and Resource Statement
Santos has released its Annual Reserves and Resource Statement. Proved plus probable (2P) reserves are 1,661 million barrels of oil equivalent (mmboe) at the end of 2023 an increase of 8 mmboe before production.
13 Feb 24
Norway: Var Energi reports strong fourth quarter and full year 2023 results
Vår Energi is on track for growth and value creation and delivers strong financial results in a quarter with good operational performance and high realised prices. As one of the fastest growing E&P companies in the world, Vår Energi is on track to nearly double production to around 400 thousand barrels of oil equivalent per day by end 2025.
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