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25 Nov 24	UK: Veri Energy signs MoU with Severnside Carbon Capture Hub Veri Energy has announced the signing of a Memorandum of Understanding (‘MoU’) with Severnside Carbon Capture and Shipping Hub (‘7CO2’) to explore sending CO2 from the Avonmouth Cluster emitter portfolio to Veri’s merchant carbon storage project being developed at the Sullom Voe Terminal (‘SVT’) in the Shetland Islands.
25 Nov 24	Germany: Iberdrola hires ABL to oversee Windanker offshore installation work Energy and marine consultancy ABL, a subsidiary of ABL Group, has been awarded a sizeable contract to provide marine warranty survey (MWS) services to support the offshore construction of Iberdrola’s 315 MW Windanker offshore wind farm, offshore Germany.
25 Nov 24	France: TotalEnergies accelerates decarbonization of its platform at La Mède In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has joined forces with Air Liquide to produce renewable hydrogen at La Mède in southeast France. This new project complements the Masshylia project to produce green hydrogen by electrolysis led by TotalEnergies in partnership with ENGIE.
25 Nov 24	ASEAN Centre for Energy joins Southeast Asian energy players call for progressive emissions reduction as part of a Just Energy Transition The ASEAN Centre for Energy, alongside the Ministry of Mines and Energy Cambodia, Pertamina (Persero), PETRONAS, Myanma Oil and Gas Enterprise, Philippine National Oil Company, Singapore LNG Corp and the PTT Public Company Limited, have released a Joint Statement at COP29 to call for a progressive, collaborative, and inclusive approach to methane emissions reduction.
25 Nov 24	Namibia: QatarEnergy acquires additional offshore exploration interests in Namibia in deal with TotalEnergies QatarEnergy has entered into an agreement with TotalEnergies to acquire an additional 5.25% interest in block 2913B (PEL 56) and an additional 4.695% interest in block 2912 (PEL 91), both located in the Orange Basin, offshore Namibia.
25 Nov 24	UK: Large scale hydrogen storage sites could reduce customer energy costs by £1bn per year - Centrica Centrica and FTI report finds that hydrogen storage would help balance the UK's energy system and reduce bills. A net zero scenario including large scale hydrogen storage - specifically, a redeveloped Rough gas storage facility - would reduce energy costs by an additional £1bn per year by 2050.
25 Nov 24	Australia: Falcon Oil & Gas spuds second well in the Shenandoah South Pilot Project, Shenandoah S2-4H Falcon Oil & Gas has announced the spudding of the Shenandoah S2-4H ('SS4H') horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia's joint venture partner, Tamboran (B2).
25 Nov 24	Serinus Energy announces Q3 2024 interim financial results Serinus Energy, an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania, has announced its interim financial results for the nine months ended 30 September 2024.
25 Nov 24	Australia: CO2CRC welcomes WA Government’s CCUS Action Plan CO2CRC applauds the Cook Labor Government’s announcement of Western Australia’s first Carbon Capture, Utilisation and Storage (CCUS) Action Plan, which positions the state as a global leader in carbon management. The government has committed $26 million towards two pivotal CCUS projects, marking a significant investment in the future of sustainable energy.
25 Nov 24	US Treasury sanctions Gazprombank and takes additional steps to curtail Russia’s use of the International Financial System The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken another major step in implementing commitments made by G7 leaders to curtail Russia’s use of the international financial system to further its war against Ukraine.
25 Nov 24	Seatrium and Cochin Shipyard collaborate on jack-up rigs Seatrium Letourneau USA, Inc. (SLET) and Cochin Shipyard Limited (CSL) have entered into a Memorandum of Understanding (MOU) to jointly design and supply critical equipment for jack-up rigs for the Indian market.
25 Nov 24	SBM Offshore completes US$1.5 billion financing of the Jaguar FPSO SBM Offshore has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project is part of the Whiptail development, which is the sixth development within the Stabroek block, offshore Guyana.
25 Nov 24	COP29: Breakthrough in Baku delivers $1.3tn 'Baku Finance Goal' The Baku Finance Goal is the centrepiece of a package of agreements that deliver progress across all climate pillars. These breakthroughs are the result of months of intensive diplomacy by the Azerbaijani Presidency to deliver some of the most complex and controversial tasks in multilateral climate action. They mark a critical step in putting in place the means to deliver a pathway to 1.5C.
25 Nov 24	Namibia: Pancontinental announces PEL 87 project update Pancontinental Energy has provided an update in relation to its PEL 87 project, offshore Namibia. Woodside has an exclusive option over a 56% Participating Interest to be derived from Pancontinental’s 75%.
25 Nov 24	Petrobras has released its business plan 2025-2029 with investments of USD 111 billion Petrobras's Board of Directors passed, at a meeting held Nov 21, the Strategic Plan 2050 (SP 2050) and Business Plan 2025-2029 (BP 2025-29). On the BP 2025-29 horizon, Petrobras forecasts investments of US$ 111 billion.
25 Nov 24	ConocoPhillips completes acquisition of Marathon Oil Corporation ConocoPhillips has completed its acquisition of Marathon Oil Corporation. The acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework, said Ryan Lance, chairman and chief executive officer.
25 Nov 24	US: RWE and Peabody partner to develop solar and energy storage pipeline on repurposed, reclaimed mine lands RWE, a leading renewable energy company, and Peabody have announced a new partnership to strategically advance renewable energy projects by repurposing reclaimed land previously used for mining.
25 Nov 24	India: EMGS awarded Contract for Survey in India Electromagnetic Geoservices ASA ('EMGS') has signed a Contract with an undisclosed client for a CSEM survey in India. The survey is expected to have a contract value of approx. USD 10 million, including mobilization fee. The Atlantic Guardian is expected to commence transit from Norway in the fourth quarter of 2024.
22 Nov 24	Solstad Offshore announces multiple new contracts and contract extensions Solstad Offshore has announced multiple new contracts and contract extensions, representing around 900 vessel days. The combined value of the contracts is approx. USD 60 million.
22 Nov 24	Kent and AIQ to advance AI-driven engineering solutions Kent, a leading global engineering and digital solutions provider, and AIQ, the Abu Dhabi-based AI champion developing innovative solutions for the energy sector, have signed a Strategic Collaboration Agreement to explore advanced artificial intelligence (AI) applications in engineering optimization and digital transformation.
22 Nov 24	Mocean Energy has launched a crowdfunding campaign on Crowdcube Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform. The campaign, which is now live to the public, aims to finance the next phase of the company’s ambitious growth plans as it looks to mature its pioneering technology.
22 Nov 24	TGS partners with Blue River Analytics to bring well data analysis into Spotfire TGS has announced a strategic partnership with Blue River Analytics, creators of the Analytics for Energy (A4E) Suite on the Spotfire platform. This collaboration integrates TGS’ production, completions and cost data directly into the A4E Suite, providing E&P companies with a more efficient and effective approach to forecasting and analyzing production and well data.
22 Nov 24	Namibia: ReconAfrica announces operational update on PEL 73, onshore Namibia Reconnaissance Energy Africa (ReconAfrica) has announced an operational update with respect to its exploration activities on Petroleum Exploration Licence 073 ('PEL 73'), onshore Namibia. The Company is currently drilling ahead on the Naingopo exploration well at a depth of approx. 4,000 metres. Results of the well will be provided following a thorough analysis of an extensive logging program and any obtained oil or natural gas samples.
22 Nov 24	Shelf Drilling announces contract update Shelf Drilling has received a notice of suspension of operations of the High Island II rig from a customer in the Middle East. The commencement date of the suspension is expected to be in the coming weeks.
22 Nov 24	Botswana: Tlou Energy provides Lesedi project update Tlou Energy, developing energy solutions in Sub-Saharan Africa through gas-fired power and ancillary projects, has provided an update on the Lesedi project.