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12 Jan 24
Predator Oil & Gas announces operations update and 2024 forward work programme
Predator Oil & Gas, the Jersey based Oil and Gas Company with near-term operations focussed on Morocco and Trinidad, has provided an operations update and details of its 2024 forward work programme. 2024 is set to be the busiest year for activity since the Company was incorporated.
12 Jan 24
US: 88 Energy provides Hickory-1 flow test update
88 Energy has provided an update in relation to the Hickory-1 flow testing program at Project Phoenix on the North Slope, Alaska. The Hickory-1 discovery well flow test and well stimulation program is set to commence mid-February 2024, following ice road construction, pad construction and rig mobilisation.
12 Jan 24
Wood Group announces full year trading update 2023
Wood Group has announced a trading update for the year ended 31 December 2023. The Company has delivered strong revenue and EBITDA growth, improved its underlying cash generation and grown its order book.
12 Jan 24
UK Oil & Gas announces successful placing
AIM-listed UK Oil & Gas (UKOG) has successfully raised gross proceeds of £0.75 million by means of a placing. The Placing is primarily in response to the government's newly announced acceleration of the first hydrogen storage allocation round, now scheduled to commence in Q3 2024.
12 Jan 24
Gabon/Brazil: BW Energy provides Q4 2023 trading update
BW Energy, as the operator of the Dussafu Marine licence in Gabon and the Golfinho cluster offshore Brazil, has provided an update on its operations and development. Gross production from the operated assets was 3,031,000 barrels of oil in the fourth quarter of 2023.
12 Jan 24
Australia: INPEX acquires additional participating interest in Ichthys LNG Project
INPEX has announced plans to enter into an agreement with Tokyo Gas in relation to the acquisition of the participating interests held by Tokyo Gas in the Ichthys LNG Project through Tokyo Gas Australian project subsidiaries.
12 Jan 24
India: Cairn Oil & Gas submits the first Field Development Plan (FDP) in OALP to commence gas production from Jaya in Gujarat
Cairn Oil & Gas, part of Vedanta, and India’s largest private oil and gas exploration and production company, notified gas and condensate discovery of Jaya in its onshore OALP block in the Bharuch district of Gujarat in August 2021. Through exploration and appraisal successes, Cairn has now submitted a Field Development Plan (FDP) to produce >2,000 boepd initially.
12 Jan 24
SLB and Nabors announce collaboration to scale adoption of drilling automation solutions
SLB and Nabors Industries have announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies’ drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency.
11 Jan 24
Poland: Vestas plans to establish a second offshore factory in Poland to meet growing demand for offshore wind in Europe
Vestas wants to become a leader in offshore wind, supporting Europe's build-out of offshore wind parks, and has announced plans to establish a new blade factory in Szczecin, Poland. The factory is expected to start operations in 2026, creating more than 1,000 direct jobs.
11 Jan 24
India: First Solar inaugurates 3.3 GW manufacturing facility in India
First Solar has inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant. The facility has an annual nameplate capacity of 3.3 gigawatts.
11 Jan 24
Guyana: Jumbo Offshore awarded mooring pre-installation contract by MODEC for the FPSO Errea Wittu
Jumbo Offshore has been awarded a contract by MODEC for the pre-installation of the mooring spread of the FPSO Errea Wittu, which will be located offshore Guyana.
11 Jan 24
Namibia: NAMCOR announces significant oil discovery in Block 2813A (PEL83), Orange Basin, offshore Namibia
The National Petroleum Corporation of Namibia - NAMCOR with 10% carried interest, in conjunction with its partners Galp Energia (80%, operator) and Custos (10%), has announced a significant oil discovery in the Mopane-1X exploration well, situated in the PEL83, Orange Basin, offshore Namibia.
11 Jan 24
India: Copenhagen Infrastructure Partners takes final investment decision and commences construction of 300 MW onshore wind project in India
Copenhagen Infrastructure Partners (CIP) has taken final investment decision on a 300 MW onshore wind project in India together with Viviid Renewables), an Indian developer and balance-of-plant service provider. The project is located in the Indian State of Karnataka.
11 Jan 24
Chesapeake Energy and Southwestern Energy to combine to accelerate America's energy reach
Chesapeake Energy Corp and Southwestern Energy Company have entered into an agreement to merge in an all-stock transaction valued at $7.4 billion. The strategic combination will create a premier energy company underpinned by a leading natural gas portfolio adjacent to the highest demand markets, premium inventory, resilient free cash flow, and an Investment Grade quality balance sheet.
11 Jan 24
Norway: Global Energy Group awarded Subsea7 contract on Aker BP North Sea field development
Global Energy Group has been awarded a contract from Subsea7, a global leader in the delivery of offshore projects and services, to fabricate subsea Spools and Anode Sled Structure for the East Kameleon project, an Aker BP North Sea field development.
11 Jan 24
Reabold Resources announces result of requisitioned General Meeting
Reabold Resources has announced that, further to its announcement on 13 December 2023, all the proposed resolutions put to shareholders at the General Meeting by the Requisitioning Shareholders, including removing the entire Board of directors and replacing it with four new directors, were not passed.
11 Jan 24
SLB announces collaboration with Geminus AI
SLB has announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed artificial intelligence (AI) model builder for oil and gas operations.
11 Jan 24
Germany: Nordex Group receives orders for 122 MW from Denker & Wulf in Germany
Denker & Wulf, one of the leading onshore wind farm developers in Germany, has placed orders with the Nordex Group to supply and install 20 wind turbines for three projects in northern Germany.
11 Jan 24
Norway: The Shelf in 2023: Robust activity and major investments
2023 was an active year on the Norwegian shelf. 92 fields were in operation at year-end, 27 projects were under development and many exploration wells were drilled. Production was somewhat lower in 2023 than was expected a year ago. This is largely due to unplanned and extended maintenance shutdowns at multiple onshore facilities and fields.
11 Jan 24
France: Q ENERGY finalizes the sale of a 73.2 MW renewable energy project portfolio in France to ERG
Q ENERGY, a major player in Europe´s renewable energy market, has announced the successful completion of the sale of a 73.2 Megawatt (MW) portfolio of renewable energy projects in France to the Italian independent renewable energy producer, ERG.
11 Jan 24
Norway: Equinor completes dry well 30/4-4 in the North Sea
Equinor’s exploration well 30/4-4 in the North Sea is dry. The well was drilled about seven kilometres north of the Martin Linge field in the North Sea. The well will be permanently plugged and abandoned.
11 Jan 24
Halliburton launches new wireline formation testing platform - Reservoir Xaminer
Halliburton Company has introduced Reservoir Xaminer™, a formation testing service designed to provide precise formation pressure measurements and representative samples of the reservoir fluid in less time.
11 Jan 24
Angola: FutureOn expands into West Africa with three-year Azule Energy contract for FieldTwin platform
FutureOn, the global energy software company, has gained its first foothold in West Africa securing a three-year contract with option to extend, to supply FieldTwin, its world-leading digital design and visualization platform, to Azule Energy.
11 Jan 24
Trinidad: Trinity Exploration announces Q4 2023 operational update
Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on operations for the three-month period ended 31 December 2023. During the period, Trinity continued to progress its work at the Jacobin well.
11 Jan 24
Turkey: UKOG provides Pinarova-1 testing update
UK Oil & Gas (UKOG) has been advised by operator AME that perforating operations at the Pinarova-1 well should commence towards the end of next week or by the following Monday, 22 January 2024.
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