energy-pedia news
Search energy-pedia news by selecting date, type, and region from the drop-down boxes
The full News Archive is available to Corporate Subscribers only. Non-Subscribers can access up to four years of archived news. For details of how to subscribe click here.
21 Feb 24 |
Santos joins global flaring and methane reduction initiatives Santos has joined two major climate change initiatives, affirming the company’s commitment to a net-zero future and action to reduce methane emissions. Santos is now a signatory of the Aiming for Zero Methane Emissions Initiative and has also formally endorsed the World Bank’s Zero Routine Flaring by 2030 Initiative. |
21 Feb 24 |
Santos announces 2023 full year results Santos has announced its full-year results for 2023, reporting sales revenue of US$5.889 billion, EBITDAX of US$4.083 billion, underlying profit of US$1.423 billion and free cash flow of US$2.128 billion. These results reflect lower oil and LNG prices, and lower production compared to the corresponding period. |
20 Feb 24 |
Australia: Finder Energy granted WA-547-P extension - seeks farmout partner to fund exploration Finder Energy has been granted a 3 year suspension and extension of the primary term of WA-547-P, which is located in the prolific Dorado play trend in the Northern Carnarvon Basin offshore Western Australia. Finder has identified three large prospects (Brees, Favre and Brady) with combined 2U (P50) prospective resource potential of over 500 MMbbl of recoverable oil and is seeking a farmout partner to fund exploration activity. |
20 Feb 24 |
UK: Offshore industry leaders to launch OEUK’s 2024 Business Outlook report at Aberdeen ‘Breakfast Briefing’ Offshore Energies UK (OEUK) has announced its first Business Breakfast of the year, to be held on Tuesday, March 26 at the P&J Live in Aberdeen. Sponsored by Deloitte, the event will launch OEUK’s Business Outlook 2024: Activity & Supply Chain report. |
20 Feb 24 |
UK: NSTA convenes collaborative workshop on platform electrification to cut North Sea emissions Platform electrification could be key to dramatically cutting emissions from oil and gas production, helping the sector reach net zero, the North Sea Transition Authority (NSTA) told industry colleagues. The NSTA gathered leading operators and technology companies for a workshop in Aberdeen to help industry unlock brownfield projects which would enable existing platforms to run on clean electricity. |
20 Feb 24 |
Mauritania/Senegal: Pioneering Spirit completes infield pipelay scope for BP’s ultra-deepwater GTA LNG project offshore Mauritania Pioneering Spirit has completed the infield pipelay scope for BP’s ultra-deepwater GTA liquified natural gas project offshore Mauritania and Senegal. Two months after arriving in the field, production crew welded, scanned and field joint coated the final piece of pipe for the second 16-inch export gas line. |
20 Feb 24 |
Oman: Tethys Oil signs drilling rig contract with GOS for Block 58 exploration well Tethys Oil is continuing its operational activities on Block 58, onshore Oman. The preparations are ongoing for the drilling of the first exploration well, Kunooz-1, in the Fahd area, with estimated unrisked recoverable prospective resources of more than 100 mmbo. |
20 Feb 24 |
Malaysia: Mitsui concludes MoU with Chugoku Electric Power on the creation of a CCS value chain between Malaysia and Japan Mitsui & Co has concluded an MoU with The Chugoku Electric Power Co concerning a joint study aimed at the creation of a value chain encompassing carbon capture and storage (CCS) and carbon transportation. This value chain will be developed for a CO2 storage site in offshore Malaysia that is being jointly developed by Mitsui, PETRONAS CCS Solutions, and TotalEnergies. |
20 Feb 24 |
Cote d'Ivoire: GeoPartners to acquire multibeam and seep survey in Cote d’Ivoire Harvex Geosolutions have announced an agreement to acquire a Multi-Client multibeam and seep sampling project offshore Côte d'Ivoire. Harvex will work with joint-venture partners Trois Geoconsulting and GeoPartners to manage the data acquisition, marketing and licensing of the project. |
20 Feb 24 |
Italy: Vestas wins 63 MW order in Italy Vestas has received a 63 MW order for a wind park in Italy. The contract includes the supply and installation of 14 V150-4.5 MW wind turbines, as well as a 10-year Active Output Management 5000 (AOM 5000) service agreement. |
20 Feb 24 |
CGG adds new Southeast Asia Carbon Storage Study to growing CCUS library CGG has announced the release of a Southeast Asia Carbon Storage Study to support and accelerate the screening process for all players in the region’s fast-growing CCUS market. |
20 Feb 24 |
Thailand: Valeura Energy announces results of third-party independent reserves and resources assessment for its Thailand assets Valeura Energy has announced the results of its third-party independent reserves and resources assessment for its Thailand assets. The Company's work programme in 2023 has replaced more than double the oil produced, extended the anticipated economic life of the portfolio, and recorded a significant up-tick in NPV. |
20 Feb 24 |
Colombia: Arrow Exploration provides update on activity on the Tapir Block in the Llanos Basin, Colombia Arrow Exploration has provided an update on activity on the Tapir Block in the Llanos Basin of Colombia. The CN-4 and CN-5 well results have helped determine the size of the Ubaque pool at Carrizales Norte. Multiple development locations are anticipated based on current results. |
20 Feb 24 |
Morocco: Predator provides update on its Phase 1 rigless testing programme onshore Morocco Predator Oil & Gas Holdings, the Jersey based Oil and Gas Company with near-term operations focussed on Morocco and Trinidad, has provided an update on its Phase 1 rigless testing programme onshore Morocco. |
20 Feb 24 |
UK: Kistos acquires UK onshore gas storage assets from EDF Energy Kistos has entered into a Sale and Purchase Agreement to acquire EDF Energy (Gas Storage) from EDF Energy (Thermal Generation) which owns two gas storage facilities onshore UK, Hill Top Farm and Hole House Farm. The total consideration for the transaction is £25 million. |
20 Feb 24 |
Israel: Partners in Israel's Tamar gas field agree to further expand production The partners in Israel's Tamar natural gas field have agreed to expand production at the offshore site, which is a major energy source for Israel and also supplies Egypt and Jordan. |
20 Feb 24 |
Norway: Aker BP given consent to drill well 24/6-5 in the North Sea The Norwegian Ocean Industry Authority (Havtil) has granted Aker BP consent to drill exploration well 24/6-5 in the North Sea. The well will be drilled by the Noble Integrator jack-up drilling facility to test the Alvheim Deep Prospect in Production Licence 203. |
20 Feb 24 |
Canada: Worley awarded field construction contract by Imperial Worley has been awarded a field construction contract by Imperial Oil Resources related to the in-pit tailings infrastructure project at the Kearl oil sands facility in Alberta, Canada. |
19 Feb 24 |
Kenya: Vestas divests its shares in Lake Turkana Wind Power Vestas has completed the sale of its 12,5 percent shares in Lake Turkana Wind Power (LTWP) in Kenya. The shares have been acquired by the Climate Finance Partnership (CFP), which is managed by BlackRock. With its 310 MW, the LTWP wind farm remains the largest in Africa to date. |
19 Feb 24 |
Norway: Equinor given consent to drill wells 15/3-13 S and A he Norwegian Ocean Industry Authority (Havtil) has granted Equinor consent to drill exploration wells 15/3-13 S and A in the North Sea. The wells will be drilled by the Deepsea Stavanger semi-sub to test the Brokk Prospect in Production Licences 025 and 187. |
19 Feb 24 |
Netherlands: Seatrium partners with TenneT and GE Vernova for third offshore wind project in the Netherlands Seatrium has received notification from TenneT that it plans to commence work on the third 2-gigawatt (GW) High Voltage Direct Current (HVDC) electrical transmission system on 1 June 2024. |
19 Feb 24 |
Norway/India: Equinor signs a 15-year LNG agreement with Deepak Fertilisers Equinor and the Indian fertiliser and petrochemical company Deepak Fertilisers have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026. Equinor’s growing global LNG portfolio is based on LNG from the Equinor operated LNG Plant in Hammerfest, Norway and LNG supply sourced mainly from the US. |
19 Feb 24 |
UK: OEUK to hold crisis talks with industry over Labour’s new windfall tax proposals OEUK, the leading representative body for the UK offshore energy industry, will hold emergency summits with operator and supply chain members this week. Two meetings will take place in OEUK’s London and Aberdeen offices as the sector continues to express deep concern about Labour proposals to extend the windfall tax on UK oil and gas production if elected to government. |
19 Feb 24 |
Australia: New Zealand Oil & Gas buys more of the Mereenie gas field New Zealand Oil & Gas has agreed to purchase from Macquarie Mereenie a further 25% equity interest in the Mereenie licenses, located in the Amadeus Basin in Australia's Northern Territory. |
19 Feb 24 |
Pakistan: OGDCL announces discovery of gas and condensate at Kharo 1 well in Sindh province Oil and Gas Development Company Limited (OGDCL) has announced a significant gas-condensate discovery at Kharo-1, a well drilled in the Khewari exploration license area, located in Sindh Province. |