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08 Jul 24	UK: Prosafe issued LoI from Ithaca Energy for the charter of the Safe Caledonia Prosafe has been issued a Letter of Intent (LoI) from Ithaca Energy (UK) for the charter of the Safe Caledonia to provide gangway connected accommodation support at the Captain field in the UK sector of the North Sea.
08 Jul 24	UK: Angus Energy provides Q2 2024 production and operations update Angus Energy reports Q2 production of 6.48 mm therms of natural gas and 10,478 bbls of condensate and estimated revenues of £4.90m for the Quarter. At the Brockham oil field, production resumed on the 4th of June.
08 Jul 24	UK: Deltic Energy announces formal award of UKCS licence - 33rd Offshore Licensing Round Deltic Energy has accepted one of the two licences that were provisionally awarded by the North Sea Transition Authority in Tranche 3 of the UK's 33rd Offshore Licensing Round. Licence P2672 is located immediately to the west of the West Sole gas field and covers blocks 47/5e, 47/10c and 48/6c. Deltic will looking to de-risk the Blackadder structure prior to farmout.
08 Jul 24	Denmark: BlueNord provides update on Tyra Redevelopment Project BlueNord reports that the hook-up and commissioning work on the Tyra West and Tyra satellite fields are successfully concluded, however a technical issue has occurred with the Low Pressure compressor transformer. The operator, TotalEnergies, confirms that efforts related to testing and commissioning continue with an aim to partially resume production from Tyra II during the summer of 2024.
08 Jul 24	Namibia: 88 Energy announces commencement of 2D seismic acquisition for PEL 93, Owambo Basin, Namibia 88 Energy has announced the commencement of the 2D seismic data acquisition program for PEL 93. The program has been designed to acquire approx. 200-line km of 2D seismic data. PEL 93 covers 18,500 sq km of underexplored sub-surface within the Owambo Basin in Namibia. 88 Energy has earned an initial 20% working interest in PEL 93 by funding the seismic program.
08 Jul 24	Norway: EMGS partners with Velocitas Geo Solutions for OBN seismic survey in the Barents Sea Electromagnetic Geoservices ('EMGS') has entered into an agreement for a fully pre-funded Ocean Bottom Node (OBN) seismic survey in the Barents Sea. The survey, which will be undertaken in collaboration with Velocitas Geo Solutions, marks EMGS' first venture into seismic node projects. The survey is set to commence in the third quarter of 2024.
08 Jul 24	TGS provides Q2 2024 revenue update Based on preliminary reporting from operating units, management of TGS expects IFRS revenues for Q2 2024 to be approximately USD 224 million, compared to USD 206 million in Q2 2023. The PGS acquisition was completed on 1 July 2024, meaning that the financial results will not be reported as part of TGS until Q3 2024.
08 Jul 24	Germany: PNE successful in onshore wind energy tenders for 91.5 MW In May, the PNE Group has once again scored successes in the tender round for onshore wind turbines of the Federal Network Agency. All four wind farms submitted were awarded the contract. The wind energy projects 'Lütau', 'Wulfsdorf', 'Willerstedt' and 'Kuhstedt III' have passed the current tender round.
08 Jul 24	Baron Oil changes Company name to Sunda Energy At its AGM, Baron Oil shareholders approved the Company's name change to Sunda Energy. Sunda Energy holds a 60% working interest and operates the TL-SO-19-16 Production Sharing Contract ('Chuditch PSC') offshore Timor-Leste.
08 Jul 24	Shell provides second quarter 2024 update note Shell has provided an update to the second quarter 2024 outlook and has given an overview of its current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on August 1, 2024.
08 Jul 24	Kazakhstan: Karachaganak Expansion Project advances with key milestone Karachaganak Petroleum Operating (KPO) has announced a major milestone in the Karachaganak Expansion Project (KEP-1A), marking a pivotal moment in Kazakhstan’s energy sector. Fuel gas has been successfully introduced, and the project is now in the final stage of commissioning. In the coming weeks, this will enable the initiation of reservoir injection through the operation of the fifth compressor.
08 Jul 24	Guyana: Eight firms submit bids for 3D seismic study offshore Guyana A total of eight firms have submitted bids and are being prequalified to conduct a 3D Seismic study of oil blocks offshore Guyana. Last month, the Ministry of Natural Resources extended a request for Expressions of Interest for a 'reputable and experienced firm' to conduct 3D Multi-Client Seismic Surveys offshore Guyana.
08 Jul 24	Elemental Energies acquires Norway’s Well Expertise AS Leading independent wells and subsurface specialist, Elemental Energies, has announced its acquisition of Norway-based Well Management and Consultancy company, Well Expertise AS. The acquisition forms one of the world's largest specialist wells, subsurface and project management companies, boasting more than 230 experts worldwide.
08 Jul 24	UK: Labour’s election victory gives them a clear mandate to deliver their clean energy mission Commenting on the result of the general election, RenewableUK’s Chief Executive Dan McGrail said: Labour’s resounding election victory gives them a clear mandate to deliver their clean energy mission, and we look forward to working closely with the new government to speed up the pace of renewable energy development, with a focus on maximising the industrial and job opportunities the sector offers the UK.
08 Jul 24	Argentina: Golar LNG signs agreement for 20-year FLNG deployment in Argentina Golar LNG has entered into definitive agreements with Pan American Energy for a 20-year deployment of a Floating Liquefied Natural Gas ('FLNG') vessel in Argentina. The FLNG project will monetize Argentine gas, tapping into the vast resources from the Vaca Muerta shale formation in the Neuquina Basin, the world's second-largest shale gas resources. The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter.
08 Jul 24	Denmark: Shelf Drilling Winner secures new contract in Denmark Shelf Drilling has announced that a subsidiary of Shelf Drilling (North Sea) has secured a new 17-month contract for the Shelf Drilling Winner jack-up rig with TotalEnergies EP Denmark. The contract value for the firm period is approx. USD 68 million, and the contract also includes two 7-month options.
05 Jul 24	Germany: RWE awards DeepOcean contract for Nordseecluster A DeepOcean has received a firm order for RWE’s Nordseecluster A offshore wind project in Germany. RWE has recently made the final investment decision for its entire Nordseecluster, involving offshore wind projects with a total capacity of 1.6 gigawatts (GW). The Nordseecluster will be constructed in two phases: Nordseecluster A and Nordseecluster B. The wind farms will be built in the German North Sea, about 50 kms north of the island of Juist.
05 Jul 24	UAE: ADNOC and JBIC sign $3 billion green financing agreement Abu Dhabi National Oil Company (ADNOC) has signed a general agreement with the Japan Bank for International Cooperation (JBIC) for a $3 billion (AED11 billion) green financing facility. It follows the signing of a Heads of Agreement (HOA) between ADNOC and JBIC in January this year and builds on their long-standing successful partnership.
05 Jul 24	UK: Offshore Energies UK responds to General Election result Offshore Energies UK (OEUK) has congratulated Sir Keir Starmer on this morning’s General Election result. OEUK said it is committed to working with the new government on the next steps to a homegrown energy transition, to safeguard energy security, jobs and skills and create an irresistible investment environment here in the UK.
05 Jul 24	Technip Energies and SBM Offshore reach implementation of Ekwil, a company dedicated to Floating Offshore Wind Technip Energies and SBM Offshore have announced the formal implementation of Ekwil, a 50/50 Floating Offshore Wind joint-venture. Ekwil is a pure player delivery partner offering a diversified range of ‘series production’ Floating Offshore Wind solutions to meet the growing and demanding needs of energy customers around the world.
05 Jul 24	Greece: Seatrium secures Favoured Customer Contract from Angelicoussis Group, Greece’s largest shipping company Seatrium has successfully secured a Favoured Customer Contract (FCC) with Angelicoussis Group, the largest shipping group in Greece and one of the world’s largest privately-owned fleets with 141 ships operating under Maran Gas, Maran Tankers and Maran Dry.
04 Jul 24	Maersk Offshore Wind, a new company to accelerate offshore wind deployment Maersk Offshore Wind will provide installation services to the offshore wind market based on a new and state-of-the-art offshore Wind Installation Vessel (Maersk WIV) concept. The design and concept are estimated to reduce the installation time of offshore wind turbines substantially compared to conventional methods, thereby lowering the overall installation cost for the developers. The first vessel will be delivered in 2025.
04 Jul 24	UK: ERM and Dolphyn Hydrogen launch UK’s first offshore hydrogen production trials in South Wales ERM, the world’s largest specialist sustainability consultancy, has launched offshore trials to test key elements of its innovative Dolphyn Hydrogen process. Following six years of development, the trials are being conducted in a floating marine environment in Pembroke Port, South Wales. They represent an important step forward in enabling the UK to produce low-carbon hydrogen safely, reliably and at scale.
04 Jul 24	Norway: Aker BP granted drilling permit for well 35/6-5 S in production licence 1110 The Norwegian Offshore Directorate has granted Aker BP a drilling permit for wellbore 35/6-5 S in production licence PL 1110. Planned spud date is July 2024. The well will be drilled by the Deepsea Nordkapp semisub.
04 Jul 24	UK: Ocean Kinetics decommissioning tidal energy platform Scottish engineering partners, Ocean Kinetics and Green Marine (UK) have successfully completed the first phase of decommissioning a tidal energy platform at EMEC’s Falls of Warness test site in the Orkney Islands.