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08 Jun 23
UK: The Prax Group announces successful acquisition of Hurricane Energy
The Prax Group has announced that it has successfully completed the strategic acquisition of Hurricane Energy in the United Kingdom. Hurricane is a UK-based oil and gas exploration and production company with a 100 per cent operated interest in the Lancaster offshore oil field in the West of Shetland basin.
08 Jun 23
Weatherford awarded drilling services contract from Aramco
Weatherford International has been awarded a three-year contract with Aramco to deliver drilling services. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines world-class services, real-time information analysis, and innovative drilling tools to maximize efficiency in any environment.
08 Jun 23
Finland: Vestas secures 161 MW order from Neoen for two projects in Finland
Vestas has received an engineering, procurement and construction (EPC) order for two wind projects totalling 161 MW to build Neoen’s and Prokon’s jointly owned Lumivaara and Storbötet wind farms in Finland.
08 Jun 23
Norway: Alvheim FPSO celebrates fifteen years of production
Today the Alvheim FPSO celebrates fifteen years of oil and gas production. The field and the production vessel have over-performed since production commenced on 8 June 2008. Perhaps the best birthday present comes from the Minister of Petroleum and Energy, Terje Aasland, who today granted approval for the development of Tyrving, which will be a tie-in to Alvheim.
08 Jun 23
Norway's Ministry of Petroleum and Energy approves Aker BP's development plan for Tyrving
The Norwegian Ministry of Petroleum and Energy has approved the Plan for development and operation (PDO) for Tyrving (previously Trell & Trine) in the Alvheim area. The Tyrving development will utilise the planned extended lifetime for the Alvheim field. Production is scheduled to start in the first quarter of 2025.
08 Jun 23
GoM: Petrofac increases scope of Gulf of Mexico decommissioning
Petrofac, a leading provider of services to the global energy industry, has added a third Gulf of Mexico field, and extended the scope of its existing contract to decommission two fields, offshore Gulf of Mexico.
08 Jun 23
Norway: Aker BP’s major projects approved by Stortinget
The Storting has approved Aker BP’s plans for development and operation of the Yggdrasil area and Fenris, as well as further development of Valhall.
08 Jun 23
UK: UK Oil & Gas defends further High Court hearing brought about by opponents of the Company's conventional blue hydrogen feedstock project in Surrey
Counsels representing UK Oil & Gas and the Secretary of State will today defend a further High Court hearing brought about by opponents of the Company's conventional blue hydrogen feedstock project at Loxley in Surrey.
08 Jun 23
US: ConocoPhillips Alaska to develop Nuna project at Kuparuk 3T drillsite
ConocoPhillips Alaska has announced that funding has been approved for developing the Nuna project from the 3T drillsite in the Kuparuk River Unit. Drilling is anticipated to begin in late 2024 with first oil anticipated by early 2025, with an expected peak oil rate of 20,000 BOPD.
08 Jun 23
Savannah Energy announces FY 2022 audited annual results
Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, has announced its audited results for the year ended 31 December 2022. 2022 was another year of significant progress and growth for the company. Total Revenues grew by 26% to US$290m, Adjusted EBITDA rose by 27% to US$222m.
08 Jun 23
Italy: Reabold Resources provides update on investment in LNEnergy
Reabold Resources has announced that, further to the Company's announcement of 9 May 2023 regarding its initial investment in LNEnergy, and subsequent announcement of 1 June 2023 regarding the extension of the expiry date of the First Option and Shareholder Option, Reabold and LNEnergy have verbally agreed to extend the expiry date of the First Option and Shareholder Option to 11 June 2023.
08 Jun 23
Colombia: Arrow announces CN-1 well update
Arrow Exploration has provided an update on the Carrizales Norte-1 well ('CN-1'), an exploration well on the Tapir Block in the Llanos Basin of Colombia. The Company has commenced completion operations at CN-1 and Management expects to proceed with putting the C7A and C7 zones straight on production during the course of next week. The C7 reservoirs were the primary target of CN-1 and displayed excellent reservoir characteristics.
08 Jun 23
Barryroe Offshore Energy announces working capital update
Barryroe Offshore Energy has announced that, in direct consequence of the decision by the Minister for the Environment, Climate and Communications, Eamon Ryan TD, to refuse to grant the Lease Undertaking over SEL 1/11, as announced on 19 May 2023, the Company has decided that it can no longer proceed with the proposed Placing and Open Offer to raise corporate working capital, as previously announced on 6 April 2023.
08 Jun 23
Capital Markets Day: Ørsted confirms its ambition of ~50 GW renewable capacity by 2030 and strong financial outlook
Ørsted will host a Capital Markets Day on 8 June 2023 to present recent progress and strategic updates on its ambition to become the world’s leading green energy major. Ørsted confirms its fully self-funded ambition of ~50 GW installed renewable capacity by 2030 and expects to invest DKK ~475 billion in the period 2023-2030.
08 Jun 23
Libya: Eni signs MoU for new initiatives related to the energy transition in Libya
Eni has signed a memorandum of understanding with Libya with the aim of studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line with Eni's strategy and with the Libyan government's objectives to accelerate decarbonisation and energy transition processes.
08 Jun 23
GoM: TGS and SLB announce Engagement Phase 4 in the U.S. Gulf of Mexico
TGS, in a strategic collaboration with SLB, has announced the start of the Engagement 4 Ocean Bottom Node (OBN) multi-client acquisition in the U.S. Gulf of Mexico. Acquisition of the 152 OCS block, sparse OBN survey is now underway, extending contiguous data coverage from prior phases into western Green Canyon.
07 Jun 23
Ørsted and Vestas in industry-first pioneering partnership towards net-zero wind farms
Ørsted and Vestas, global leaders in renewable energy, have announced a commercial sustainability partnership. Ørsted will procure low-carbon steel wind turbine towers and blades made from recycled materials from Vestas in all joint offshore wind projects.
07 Jun 23
Halliburton acquires Resoptima - a leading Norwegian technology company
Halliburton has acquired Resoptima, a leading Norwegian technology company that specializes in data-driven reservoir management. This strategic acquisition will integrate the industry-leading reservoir modeling and predictive analytics of Resoptima into the Halliburton Landmark DecisionSpace® 365 suite.
07 Jun 23
Suriname: Demerara Bid Round 2022-2023 successfully closed
Staatsolie has announced that the 2022-2023 Demerara Bid Round successfully closed for bid submissions as per 31 May 2023. Qualified bids were received for three of the six blocks offered from several companies and/or consortia.
07 Jun 23
Mexico: New Fortress Energy receives Mexico export authorization for Altamira Fast LNG project
New Fortress Energy, a global energy infrastructure company, has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (Secretaría de Energía (SENER)). Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through April, 2028, providing ample capacity to support the operations of the 1.4 million tons per annum (MTPA) Fast LNG facility through the permitted period.
07 Jun 23
Egypt: UAE and Egypt advance development of Africa's biggest wind farm
Masdar, one of the world’s leading clean energy companies, along with Infinity Power, Africa’s largest renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused investment platform, signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt, set to be one of the largest in the world, with a project value of over US$ 10 billion.
07 Jun 23
Poland: STRYDE technology chosen by Geopartner Geofizyka for one of the largest onshore EU O&G seismic surveys in recent years
Global onshore seismic experts, STRYDE, has secured a contract to supply more than 20,000 seismic receiver nodes to enable one of Europe’s largest oil and gas exploration projects in Poland.
07 Jun 23
Norway: Research article on natural oil and gas seeps on the Norwegian shelf - NPD
The scientific data being presented in a new research article documents one of the largest gas seepage areas in the Arctic Region. The article also documents natural oil seepage in the Barents Sea. The article 'Widespread natural methane and oil leakage from sub-marine Arctic reservoirs' is the first research article from the NPD’s collaboration with the Center for arctic gas hydrate, environment and climate and the University of Tromsø.
07 Jun 23
US: AES acquires largest permitted solar-plus-storage project in the United States
The AES Corporation has announced the acquisition of the 2 GW Bellefield project, which is currently in late-stage development, and is the largest permitted solar-plus-storage project in the United States. The project, located in Kern County, California, where AES already has significant operations, includes two phases, each with 500 MW of solar and up to 500 MW of four-hour duration battery energy storage.
07 Jun 23
Sercel delivers additional 508XT system in North Africa
Sercel has announced the sale and imminent delivery of a 60,000-channel 508XT land acquisition system and 25 VE464 advanced digital vibrator control sets to a major North African geophysical services provider.
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