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09 Jan 24
Mexico: Wood wins detailed engineering design for Trion project in Gulf of Mexico
Wood has secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy's Trion Floating Production Unit (FPU) in Mexican waters of the Gulf of Mexico. When complete, Trion will have a production capacity of 100,000 barrels per day and connect to a 950,000 barrel capacity floating storage and offloading vessel.
09 Jan 24
PGS provides Q4 2023 update
Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q4 2023 of approx. $265 million, compared to $216.7 million in Q4 2022.
09 Jan 24
TGS provides Q4 2023 revenue update
Based on preliminary reporting from operating units, management of TGS expects IFRS revenues for Q4 2023 to be approx. USD 189 million, compared to USD 219 million in Q4 2022.
09 Jan 24
Oman: Tethys Oil completes drilling of Menna-1 well in Block 56 onshore Oman
Tethys Oil is increasing its operational activities on Block 56 onshore Oman. The drilling of the exploration well Menna-1 has been completed. The well logs indicate hydrocarbons in three separate zones and preparations for the testing operations are ongoing. Testing operations will also resume on the previously drilled Sarha-3 well, on which a workover has been completed.
08 Jan 24
Italy: GreenIT and Galileo sign agreement on eight solar PV projects in Italy
GreenIT, the Italian renewable energy joint venture founded in 2021 by Plenitude (Eni, 51% ownership) and CDP Equity (CDP Group, 49% ownership), has signed an agreement with Galileo, the pan-European renewable energy development and investment platform, for the realization of eight photovoltaic projects, totalling approx. 140 MW, across three regions in Southern, Central and Northern Italy.
08 Jan 24
Mauritania/Senegal: Petrofac expands role with bp in West Africa
Petrofac has secured a three-year operations services contract from bp for its Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal. The multi-million-dollar Master Services Agreement covers a wide scope of services. These include, but are not limited to, onshore and offshore management and supervision, provision of personnel, and equipment maintenance.
08 Jan 24
Slovenia: Ascent Resource's Slovenian JV partner initiates insolvency proceedings
Ascent Resources has been advised that Geoenergo has initiated insolvency proceedings in Slovenia. Geoenergo is Ascent Slovenia's joint venture partner whom ASL has an ongoing Arbitration Tribunal hearing against. An administrator for Geoenergo is expected to be appointed shortly.
08 Jan 24
Canada: Ksi Lisims LNG and Shell finalize Sale and Purchase Agreement
Ksi Lisims LNG and Shell have signed a 20-year LNG sale and purchase agreement. Under the SPA, Shell will purchase 2 million tonnes of LNG per year from the Ksi Lisims LNG project in British Columbia.
08 Jan 24
Norway: Statkraft planning record investments in Norwegian hydro and wind power
Statkraft, Europe’s largest renewable energy generator, is planning to invest up to six billion euros in upgrades to its Norwegian hydro and wind power facilities and construction of new onshore wind farms.
08 Jan 24
Romania: OMV Petrom signs the largest acquisition of green projects in Romania
OMV Petrom, the largest integrated energy company in Southeast Europe, will acquire from RNV Infrastructure a 50% stake in Electrocentrale Borzesti, which holds approx. 1 GW capacity of renewable projects, out of which 950 MW wind and 50 MW photovoltaic. The projects will be further developed, built and operated in partnership with RNV Infrastructure.
08 Jan 24
Netherlands: Equinor and Linde sign agreement on H2M Eemshaven hydrogen project
Equinor and Linde have signed a project development agreement to develop the H2M Eemshaven low carbon hydrogen project in the Netherlands as partners. Equinor will secure access to carbon transport and storage capacity and offer low carbon hydrogen to the market. Linde will build, co-own and operate the hydrogen production and carbon capture and transfer facility.
08 Jan 24
Norway: Aker Solutions to pilot floating-wind power hub
Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to significantly reduce the costs and complexity of offshore wind farms.
08 Jan 24
Storegga completes funding round with backing from existing shareholders and welcomes a new shareholder
Storegga, a leading international, independent developer of decarbonisation projects, has closed its fourth round of funding. It has received further investment from existing shareholders, including GIC and Macquarie, and welcomes new investment from ADNOC - a diversified energy group that is advancing lower-carbon solutions by investing in new energies and decarbonisation technologies.
08 Jan 24
Woodside and SK E&S collaborate on lower-carbon hydrogen value chain
Woodside has signed a non-binding Memorandum of Understanding (MOU) with South Korea’s SK E&S to enable studies on the potential development of a lower-carbon hydrogen value chain, including hydrogen, ammonia and other related products.
08 Jan 24
ADNOC makes strategic investment in Storegga
ADNOC has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects. The strategic transaction represents ADNOC’s first international equity investment in carbon management.
08 Jan 24
Brazil: TotalEnergies announces launch of an innovative subsea technology to separate and reinject CO2-rich gas into the Mero field
TotalEnergies has announced that Libra Consortium has taken the final investment decision to develop an innovative natural gas and CO2 separation and reinjection facility for the Mero field in the Brazilian deep offshore pre-salt.
08 Jan 24
UK: Angus Energy announces fourth quarter 2023 production and operations update
Angus Energy reports that gas volumes produced and sold from the Saltfleetby field equalled 7.35 mm therms in aggregate for the months of October, November and December 2023 combined, compared to 7.9 mm therms produced and sold in the third quarter.
08 Jan 24
San Leon Energy provides update on refinancing
San Leon Energy has provided an update on investment from Tri Ri Asset Management Corp. The Company has identified and has been in discussions with a new potential financing partner in relation to a potential funding solution that is similar to the investment from TRAM.
08 Jan 24
Ireland: Lansdowne Oil & Gas provides New Year outlook and Energy Security commentary
Lansdowne Oil & Gas is focused upon progressing its Energy Charter Treaty claim against Ireland, following the refusal to award a Lease Undertaking for the Barryroe oil and gas field. The Company has also commented on the Irish Government's recently published strategy for Ireland's Energy Security.
08 Jan 24
UK: BW Catcher FPSO contract extended beyond fixed term
BW Offshore has extended the contract for the BW Catcher FPSO, currently operating on the Harbour Energy-operated Catcher field, offshore UK.
08 Jan 24
Malaysia: TGS announces prefunding of 2D multi-client seismic project offshore Sabah, Malaysia
TGS, in cooperation with JV consortium partners PGS and SLB, has announced that prefunding has been secured to expand multi-client seismic data coverage in the Sabah Basin offshore Malaysia.
08 Jan 24
India signs MoU with Guyana on cooperation in the hydrocarbon sector
India has approved the signing of a Memorandum of Understanding between the Ministry of Petroleum & Natural Gas, Government of India and the Ministry of Natural Resources, Republic of Guyana on cooperation in the hydrocarbon sector.
08 Jan 24
Canada: Calima Energy announces sale of Blackspur Oil
Calima Energy has entered into a binding definitive agreement with Astara Energy Corp, pursuant to which Calima has agreed to sell 100% of its ownership in its wholly owned Canadian subsidiary, Blackspur Oil Corp, the owner of the Company’s Brooks and Thorsby production assets.
08 Jan 24
Libya's National Oil Corporation declares force majeure at the Sharara oil field
Libya's National Oil Corporation has declared a force majeure on the Sharara oil field effective Sunday, January 7th, 2024, due to it's closure by protesters. The closure has resulted in the suspension of crude oil supplies from the field to Zawiya terminal.
08 Jan 24
India: Vitol and GAIL sign Long Term LNG supply deal into India
GAIL (India) and Vitol Asia have announced the signing of a Long Term LNG supply deal into India for the annual supply of approx. one million metric tons of LNG for a period of approx. 10 years, starting from 2026.
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