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19 Feb 24
South Sudan: Wildcat Petroleum receives approval from the South Sudanese Ministry of Petroleum
Wildcat Petroleum has announced that it has passed a due diligence process conducted by the South Sudanese Ministry of Petroleum (MOP). This process included the evaluation of the Company's technical competency as well as its financial capability to complete a major multi-million/billion dollar oil production purchase.
19 Feb 24
US: 88 Energy reports Hickory-1 flow test imminent
88 Energy reports that final preparations for the Hickory-1 flow test are advancing, with the completion of the mobilisation of Rig-111 and associated services to the Hickory-1 location to occur in the next 7-10 days.
19 Feb 24
Nordic investment group buys Geoteric
World leader in AI Seismic Interpretation software, Geoteric, has transferred to new owners, enabling it to advance growth plans and consolidate its position as the 'Home of AI for Energy'.
19 Feb 24
Finland/Estonia: Balticconnector's repair work is expected to start at sea at the beginning of March
Preparations for the repair of the Estonian-Finnish gas connection Balticconnector have progressed according to plan in cooperation between Elering and Gasgrid, and the repair work at sea is expected to start at the beginning of March.
19 Feb 24
UK: RWE launches feasibility study into new Great Yarmouth Carbon Capture project
RWE, the UK’s leading electricity generator, has announced plans to progress a carbon capture feasibility study at its Great Yarmouth Power Station. Combined with the company's other three Carbon Capture and Storage (CCS) developments, the projects would be capable of providing 5.1 gigawatts (GW) of secure, flexible, low carbon electricity – enough to power around approx. 8.1 million homes.
19 Feb 24
Poland: Siemens Gamesa to supply Baltyk 2 and Baltyk 3 projects with their largest offshore wind turbines to date
Equinor and Polenergia have selected Siemens Gamesa as their wind turbine supplier for the Baltyk II and Baltyk III offshore wind farms located in the Baltic Sea. The two energy companies have signed final contracts for the production, delivery and service of 100 modern offshore wind turbines.
19 Feb 24
Taiwan: Jumbo Offshore awarded scope expansion contract for the Yunlin Offshore Wind Farm
Jumbo Offshore has recently been awarded a contract by Yunneng Wind Power Co (YWPC) for the removal of monopiles at the Yunlin Offshore Wind Farm. The contract award represents an expansion of the company’s existing scope, which has involved transport and installation of the project’s transition pieces
19 Feb 24
Norway: Five applicants qualified for the offshore wind auction for Sørlige Nordsjø II
Five applicants have been approved for the auction round for offshore wind for Sørlige Nordsjø II. Norway's government has an ambition to award areas that have potential for 30,000 MW of offshore wind production by 2040.
19 Feb 24
UK: First Minister meets OEUK members to discuss a homegrown net zero
Humza Yousaf, First Minister of Scotland, was at Offshore Energies UK’s offices in Aberdeen on Feb 15 to meet some of its members. He listened to their hopes for an energy transition that makes the most of Scotland and the UK’s oil and gas industry and skilled workforce to build a low carbon future. The visit came ahead of the publication of the Scottish Government’s final Energy and Just Transition Strategy.
19 Feb 24
Gabon: Maurel & Prom pulls out of Assala Energy deal as Gabon Oil Company exercises pre-emptive right
Maurel & Prom has pulled out of its previously announced acquisition of Assala Energy following Gabon Oil Company exercising its sovereign right of pre-emption.
19 Feb 24
UK: PGS final Southern North Sea Vision Data reveals gas and carbon storage potential
Data is now available from the SNS Vision project targeting exploration potential in the mature Southern North Sea gas province. The final data supports exploration both for postsalt CO2 storage potential in the Triassic Bunter sand formation and near-field exploration targets.
19 Feb 24
PGS has signed a Data OnDemand agreement with Shell
PGS has signed a Data OnDemand agreement with Shell, enabling them to streamline access to seismic data and accelerate workflows. Data OnDemand is PGS’s cutting-edge cloud-based digital asset management solution designed specifically for seismic data. This Data OnDemand Agreement complements the MultiClient Library Access agreement previously established with Shell in 2022.
16 Feb 24
US: BOEM finalises Wind Energy Areas in Oregon
In support of the Biden-Harris administration’s goals for deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035, the Bureau of Ocean Energy Management (BOEM) has announced the designation of two final Wind Energy Areas (WEAs) offshore Oregon.
16 Feb 24
SubseaPartner wins subsea frame agreement with Equinor
Norwegian Diving Contractor, SubseaPartner, has secured a long-term frame agreement with Equinor for Diving lntervention Services.
16 Feb 24
Odfjell Drilling reports for the fourth quarter of 2023 and full year 2023
Odfjell Drilling reports Q4 EBITDA of USD 83 million. 2023 EBITDA of USD 328 million a 6.5% increase on 2022. Q4 Revenue of USD 192 million. 2023 Revenue of 732 million a 12.8% increase on 2022.
16 Feb 24
Eni announces fourth quarter and full year 2023 results
2023 was another year of excellent results for Eni in the face of an uncertain and volatile scenario. The Company delivered strongly on both financial and operational targets and continued to progress its strategy of generating value while decarbonizing and ensuring secure and affordable energy supplies to markets.
16 Feb 24
Norway: Equinor completes well 35/11-28 S in PL 248 C as a dry hole
Equinor has completed the drilling of well 35/11-28 S in PL 248 C. The well encountered the Heather Formation sandstone reservoir with moderate to poor reservoir quality and traces of hydrocarbons. The well has been permanently plugged and abandoned.
16 Feb 24
US: Mosman Oil and Gas reports production increase at Stanley
Mosman Oil and Gas, the hydrocarbon, helium and hydrogen exploration, development, and production company, has provided an update on its Stanley project in the US where the recent gross production has increased to circa 93 bopd.
16 Feb 24
GoM: TechnipFMC awarded substantial iEPCI contract for Shell's Sparta project
TechnipFMC has been awarded a substantial contract by Shell for the first iEPCI project to use high-pressure subsea production systems rated up to 20,000 psi. The Company will manufacture and install subsea production systems, umbilicals, risers, and flowlines for Shell’s Sparta development in the Gulf of Mexico.
16 Feb 24
Valaris issues Fleet Status Report
Valaris has issued a Fleet Status Report that provides the current status of the Company’s fleet of offshore drilling rigs along with certain contract information for these assets.
15 Feb 24
Sweden: Capsol awarded a carbon capture process design as part of an ongoing feasibility study for carbon capture at energy-from-waste plant in Sweden
Capsol Technologies has been awarded a carbon capture process design as part of an ongoing feasibility study for the CapsolEoP (end-of-pipe) carbon capture technology at Tekniska Verken’s energy-from-waste plant Gärstaverket in Linköping, in southern Sweden. The full-scale potential for carbon capture is 250 000 tonnes of CO2 per annum.
15 Feb 24
UK: Industry aligns with Government on onshore wind benefits for local communities
Commenting on the publication of the Government’s response to its consultation 'Developing local partnerships for onshore wind in England', RenewableUK’s Executive Director of Policy Ana Musat said they were pleased to be working with the Government on updating the Community Benefits Protocol for Onshore Wind in England.
15 Feb 24
Frontera Energy announces 2024 capital and production guidance, estimated Q4 2023 and full-year daily average production
Frontera Energy has announced its full year 2024 capital and production guidance, provided an update on its estimated fourth quarter 2023 and full year average daily production and provided and update on shareholder value initiatives.
15 Feb 24
Transocean issues quarterly Fleet Status Report
Transocean has issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
15 Feb 24
EMGS reports fourth quarter 2023 results
The Company recorded revenues of USD 1.1 million, down from USD 15.2 million in the fourth quarter of 2022 and down from USD 1.6 million in the third quarter of 2023.
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