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01 Apr 24
South Korea: Vestas secures 77 MW order in South Korea
Vestas has secured a 77 MW order with GS E&R for the YD1 Wind Farm in Gyeongsang-do, South Korea. Delivery of the turbines will begin in first quarter of 2025, with commissioning scheduled for 2026.
01 Apr 24
GoM: Beacon completes divestment of non-operated properties in the Gulf of Mexico
Beacon Offshore Energy has announced the completion of the divestment of its non-operated interests in certain fields in the deepwater Gulf of Mexico in accordance with a previously executed definitive agreement with GOM 1 Holdings Inc., an affiliate of O.G. Oil & Gas Limited.
01 Apr 24
Brazil: MODEC secures FEED for Shell’s Gato do Mato FPSO project in Brazil
MODEC has been successful in securing the Front-End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) system for Shell on the Gato do Mato development, offshore Brazil.
01 Apr 24
Indonesia: Prima Energi receives approval for revised Plan of Development for the Ande-Ande Lumut (AAL) oil field
Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) in collaboration with Production Sharing Contract (PSC) Prima Energy Northwest Natuna Pte. Ltd. (PENN) have concluded discussions on the revision of the Plan of Development (PoD) I for the Ande-Ande Lumut (AAL) oil field.
29 Mar 24
TotalEnergies celebrates its 100th anniversary and launches the operation '100 for 100'
To mark its 100th anniversary, TotalEnergies is announcing three initiatives for its customers in France and its employees around the world.
29 Mar 24
UK: Offshore Energies UK response to the Oil and Gas Authority (OGA) emissions reduction plan
The North Sea Transition Authority will publish its decarbonisation plan for the UK’s offshore energy industry as part of the national plan to meet net zero greenhouse gas emission targets by 2050. The UK offshore energy sector is committed to meeting the decarbonisation targets and has made great progress already by reducing emissions 24% since 2018 with a 45% reduction in methane from flaring and venting in the same time period.
29 Mar 24
UK: Net zero moves closer with new guidance for carbon storage industry
Net zero and the energy transition have taken another step forward with the publication of new guidance for the carbon storage industry. The North Sea Transition Authority (NSTA) has published two sets of guidance which will help the developing carbon storage industry prepare for first injection.
28 Mar 24
Colombia: Canacol Energy announces new gas discovery at Pomelo-1
Canacol Energy, a natural gas exploration and production company with operations focused in Colombia, has provided details of the new Pomelo-1 gas discovery, which encountered 96 feet of net gas pay.
28 Mar 24
Poland: Seaway7 awarded contract offshore Poland
Subsea7 has announced the award to Seaway7, part of the Subsea7 Group, of a sizeable contract by PGE Polska Grupa Energetyczna and Ørsted for the transport and installation of the substations for the Baltica 2 wind farm, offshore Poland.
28 Mar 24
Denmark: BlueNord: Tyra Redevelopment Project: Opening of valves in Nybro and export of gas to the Danish market
BlueNord has announced that the Tyra Redevelopment Project continues to progress according to plan with the valves at the Nybro Gas Treatment Plant expected to open today and first gas will be exported to the Danish market from Tyra II.
28 Mar 24
Sweden: Eolus has made investment decision for three onshore wind power projects in Sweden
Eolus has made an investment decision for the wind power projects Fågelås, Boarp and Dållebo in Sweden totaling 88 MW. A turbine supply agreement has been signed with Vestas and construction will start immediately.
28 Mar 24
UK: RWE expands its UK offshore wind development portfolio by 4.2 gigawatts
RWE, one of the world’s leading offshore wind companies, has completed the acquisition of three offshore wind projects in the UK from Vattenfall, which was announced at the end of December. The three projects – Norfolk Vanguard West, Norfolk Vanguard East and Norfolk Boreas – each with a planned capacity of 1.4 gigawatts (GW), are located 50 to 80 kilometres off the coast of Norfolk in East Anglia.
28 Mar 24
UK: Petrofac secures contract extension with ONEgas West in core UK market
Petrofac, has secured a contract extension in the Southern North Sea with ONEgas West (a NAM operated and Shell UK owned venture). Petrofac will continue to provide services across ONEgas West’s Southern North Sea portfolio, supporting the Clipper South complex, Leman Alpha assets, Bacton Terminal, and ONEgas Barge campaigns.
28 Mar 24
Stena Drilling announces 20,000-psi equipment upgrade for 7th Generation Drillship Stena Evolution
Stena Drilling has announced a significant equipment upgrade for their state-of-the-art 7th Generation Drillship, 'Stena Evolution'. With this enhancement, Stena Evolution will be capable of drilling and completing wells requiring 20,000 psi (20K) pressure control, enabling drilling in previously inaccessible reservoirs for our clients.
28 Mar 24
March 28, 1924: TotalEnergies is 100!
Today, TotalEnergies’ 100,000 employees in 120 countries worldwide are pleased and proud to celebrate the 100th anniversary of the Company’s creation. TotalEnergies’ 100-year history tells the story of the world and energy, from the 1920s to the present day.
28 Mar 24
US: Union Jack Oil reports spudding of the Andrews-1-17 well, West Bowlegs, Oklahoma, USA
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development and exploration company, has been informed by the Operator, Reach Oil & Gas Company Inc, that the drilling rig is on location and that the Andrews-1-17 well has now spudded. The Andrews-1-17 well will test the West Bowlegs Prospect, located in Seminole County, Oklahoma, USA in which Union Jack holds a 45% working interest.
28 Mar 24
EnQuest announces results for the year ended 31 December 2023 and 2024 outlook
EnQuest achieved its 2023 targets, delivering strong operational performance across the operated portfolio and continuing to de-lever its balance sheet, with year-end EnQuest net debt reduced to $481 million. Statutory revenue and other income totalled $1,487.4 million (2022: $1,853.6 million) and adjusted EBITDA totalled $824.7 million (2022: $979.1 million).
28 Mar 24
UK: Baron Oil provides update on UK Licence P2478
AIM-listed Baron Oil has provided an update in relation to the offshore UK Licence P2478 (Blocks 12/27c,17/5,18/1 and 18/2), in which Baron holds a 32% interest. Reabold Resources is the Licence administrator. The Licence will be surrendered to the UK North Sea Transition Authority ('NSTA') on 31 March 2024.
28 Mar 24
Pantheon Resources provides an update on its development planning and funding initiatives
AIM-listed Pantheon Resources, the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, covered by 193,000 acres of leases with an additional c. 66,000 acres to be awarded following successful bids in the December 2023 lease sales, all in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, has provided an update on its development planning and funding initiatives.
28 Mar 24
Capricorn provides full year results announcement and details of proposed $50m special dividend
Capricorn has provided a full year results announcement and details of proposed $50m special dividend. Significant progress was made in 2023 in exiting non-Egypt exploration licences in Mexico, Mauritania and Suriname. The Company remains committed to the potential of its Egypt assets.
27 Mar 24
SLB announces agreement to acquire majority ownership in Aker Carbon Capture
SLB has announced an agreement to combine its carbon capture business with Aker Carbon Capture to support accelerated industrial decarbonization at scale. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%.
27 Mar 24
US: Zephyr Energy annouces Salt Wash helium project update
Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations is pleased to provide an update on the Company's proposed farm-in to a minimum 75 per cent working interest in a 1,047-acre leasehold position in the Salt Wash Field, a previously producing asset with proven oil, gas and helium reserves located three miles to the south of Zephyr's Paradox project in Utah, U.S.
27 Mar 24
UAE: ADNOC announces first production from Belbazem offshore block
ADNOC has announced the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy. Tthe Belbazem Block consists of three offshore fields; Belbazem, Umm Al Salsal and Umm Al Dholou.
27 Mar 24
Eni renews membership with the MIT Energy Initiative
Eni has renewed its membership participation in the MIT Energy Initiative (MITEI) as a Founding Member until end of 2027, furthering its commitment to the field of low-carbon energy research. The agreement demonstrates Eni’s consideration of innovation and research as core drivers behind its short-, medium- and long-term decarbonization goals, in line with the company’s strategy.
27 Mar 24
Malaysia: McDermott awarded offshore contract from PTTEP
McDermott has been awarded a sizeable offshore transportation, installation and commissioning contract from PTTEP for the Kikeh subsea gas lift project, located 120 kms northwest of the island of Labuan, offshore Sabah in East Malaysia.
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