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17 Jun 24
Denmark: BlueNord announces successful spudding of Harald East Middle Jurassic well
BlueNord has announced that drilling operations on the Harald East Middle Jurassic well ('HEMJ') has commenced. The HEMJ was spudded in the Harald East area, located close to the Norwegian border and the gas will be exported through the Tyra East facilities.
17 Jun 24
India: L&T wins 'large' offshore order from ONGC
Larsen & Toubro (L&T) has secured an order from the Oil & Natural Gas Corporation (ONGC) for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India’s west coast.
17 Jun 24
Azerbaijan: Baker Hughes awarded multi-year contract to help Azerbaijan maximize well productivity
Baker Hughes has announced an award from the State Oil Company of Azerbaijan Republic (SOCAR) to employ its electric submersible pump (ESP) technology and automated field production software solution, Leucipa, in the nation’s oilfields.
17 Jun 24
bp and Worley announce global strategic alliance across site projects
bp and Worley have formed a new strategic alliance focused on enhancing efficiency, continuous improvement and value creation across bp’s global Site Projects organization. This alliance builds upon a successful, decade-long collaboration between the two companies.
17 Jun 24
Slowing demand growth and surging supply put global oil markets on course for major surplus this decade - IEA
Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same time, global oil production is set to ramp up, easing market strains and pushing spare capacity towards levels unseen outside of the Covid crisis, according to the IEA’s new oil market outlook.
17 Jun 24
UK Infrastructure Bank, Centrica and partners invest £300 million in Highview Power clean energy storage programme to boost UK’s energy security
Highview Power has secured the backing of the UK Infrastructure Bank and the energy industry leader Centrica with a £300 million investment for the first commercial-scale liquid air energy storage (LAES) plant in the UK.
17 Jun 24
Morocco: Sound Energy enters into a binding Sale and Purchase agreement for the partial divestment of the Company's Moroccan assets
AIM-listed Sound Energy, the transition energy company, has announced the entry into a binding Sale and Purchase agreement for the partial divestment of the Company's Moroccan assets by way of the disposal by the Company of the entire issued share capital of Sound Energy Morocco East ('SEME') to Managem for a total value to Sound Energy of up to US$45.2 million.
17 Jun 24
US: BOEM releases Studies Development Plan for fiscal years 2025 and 2026
As part of the Bureau of Ocean Energy Management’s (BOEM) commitment to acquire and use the highest quality scientific information in its decision making, the bureau has released its FY2025-2026 Studies Development Plan (SDP). The SDP is a key component of BOEM’s rigorous planning, review and procurement process to meet the nation's research needs to inform Outer Continental Shelf (OCS) environmental analyses.
17 Jun 24
SLB and Aker Carbon Capture announce closing of carbon capture JV
SLB and Aker Carbon Capture have announced the closing of their previously announced joint venture. The new company combines technology portfolios, expertise and operations platforms to support accelerated carbon capture adoption for industrial decarbonization at scale.
17 Jun 24
UK: Subsea7 awarded a contract for the Bittern field in the UK North Sea
Subsea7 has announced the award of a sizeable contract by Dana Petroleum, for the Bittern field development, located in the UK Central North Sea. The contract scope includes project management, engineering, procurement, construction and installation (EPCI) of a 22km 12” water injection pipeline.
14 Jun 24
Tunisia/Italy: EBRD finances Tunisia-Italy 600 MW ELMED electricity interconnector
The European Bank for Reconstruction and Development (EBRD) is providing a €45 million financing package to Société Tunisienne de l’Electricité et du Gaz (STEG) to support the energy transition and the decarbonisation of Tunisia’s energy sector.
14 Jun 24
Vestas signs conditional agreement for an offshore project with a capacity above 1 GW in Northern Europe
Vestas has signed a conditional agreement for the supply of turbines for an offshore wind power project in two phases in Northern Europe with a capacity above Vestas’ current disclosure threshold of 1 GW.
14 Jun 24
South Korea: Vestas wins 90 MW order in South Korea
Vestas has secured a 90 MW order to power an undisclosed wind project in South Korea. The order consists of 21 V136-4.2 MW wind turbines in 4.3 MW. The project will be the largest onshore wind project for Vestas in the country to date.
14 Jun 24
UK: Westwood Insight – More realism in floating wind, as UK set to miss 2030 target by 90%
According to Westwood’s WindLogix analysis, for floating wind specifically, the UK is set to miss its 2030 target by around 90% and the US its 2035 target by around 82%. As a result of increasing uncertainty, Westwood now takes a more risk-based assessment of the offshore wind pipeline and projects.
14 Jun 24
Norway: Equinor JV drills dry well in the North Sea
The 'Toppand øst' well (35/11-29S) in the North Sea, drilled by Wellesley, Equinor and Petoro, has been plugged and abandoned as a dry hole. The well is located in PL 248 C, where Equinor is the operator. Wellesley Petroleum was the operator for the well. The area also covers the 'Swisher' discovery (35/11-24S A and B).
14 Jun 24
UK: OEUK responds to Labour Party manifesto
The leading trade body Offshore Energies UK (OEUK) has responded to the launch of the Labour Party’s 2024 General Election manifesto. OEUK’s own industry manifesto is calling for all parties to choose a homegrown energy transition that safeguards jobs, boosts energy security and drives economic growth.
14 Jun 24
Brunei: TotalEnergies sells its subsidiary in Brunei
TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) to Hibiscus Petroleum, a Malaysian independent oil and gas exploration and production company, for a consideration of $259 million. TotalEnergies EP (Brunei) owns and operates a 37.5% interest in Block B, which contains the Maharaja Lela/Jamalulam (MLJ) field, which started producing in 1999.
14 Jun 24
US: Zephyr Energy to commence State 36-2R production test
Zephyr Energy, the Rocky Mountain oil and gas company, has provided an update on operations on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah, U.S. Testing is expected to commence within two weeks and is expected to take less than ten days to complete.
14 Jun 24
Namibia: ReconAfrica announces an operations and joint venture update
Reconnaissance Energy Africa has announced an operations update with respect to activity relating to Petroleum Exploration Licence 73 ('PEL 73'), onshore northeast Namibia, and an update on the joint venture process. The Company is finalising the preparations to spud the upcoming Naingopo exploration well. ReconAfrica continues to progress its farm out joint venture process which it expects to conclude in the next few weeks.
14 Jun 24
US: Aramco and NextDecade announce Heads of Agreement for offtake of LNG from Rio Grande LNG facility
Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation have announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA.
13 Jun 24
DNV leads global joint industry project to set standards for crucial CO2 flow meter traceability and accuracy in CCUS
DNV is at the forefront of a collaborative effort to establish standards for flow meter traceability along the CO2 value chain, for accurate CO2 measurement in advancing carbon capture, utilization, and storage (CCUS).
13 Jun 24
Germany: Qualitas Energy accelerates the energy transition with the acquisition of a 36 MW wind energy project in Brandenburg, Germany
Qualitas Energy, a global investment, management, and project development platform focused on renewable energy, energy transition, and sustainable infrastructure investment, has announced the successful acquisition of a repowering project with a development potential of 36 MW in Brandenburg, Germany.
13 Jun 24
Japan: SSE Pacifico and partners secure public funding for Japanese floating offshore wind demonstrator
A development consortium in which SSE Pacifico is a member has been awarded public funding for a circa 30MW floating offshore wind demonstration project in Japan. The consortium features SSE Pacifico, alongside Marubeni and other partners.
13 Jun 24
Netherlands: SSE and partners selected in Netherlands offshore wind tender
A consortium of ABP, APG and SSE Renewables (‘Noordzeker’) has been selected by the Dutch authorities to progress with their bid in the competitive 2GW Alpha offshore wind tender site in the IJmuiden Ver Wind Farm Zone in the Netherlands.
13 Jun 24
Norway: Allseas awarded Troll extension pipeline
Allseas will install the pipeline and integrated structures for the second development stage of Equinor’s Troll Phase 3 project that will accelerate the production and contribute to maintain the high production capacity utilisation of Troll A Platform and Kollsnes onshore plant towards 2030.
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