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03 May 24	Zephyr Energy announces debt for equity exchange and State 36-2R well drilling update Zephyr Energy, the Rocky Mountain oil and gas company, has retired US$3.88 million (£3.11 million) of existing debt through the issuance of US$3.88 million (£3.11 million) of equity. The Company has also provided an update on the State 36-2R well, which is progressing as expected.
03 May 24	Plenitude publishes 2023 financial statements, Sustainability and Impact Report Plenitude has published its financial statements for 2023, as well as its Sustainability and Impact Report. The 2023 financial year ended with an adjusted operating profit of €515 million and an adjusted net profit of €220 million, both seeing an increase of approximately 50% compared to 2022.
03 May 24	Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO Yinson Production has announced the successful closing of the limited recourse term loan facility of up to USD 1.3 billion for the pre- and post-delivery financing of the Agogo FPSO. Once construction is completed, the Agogo FPSO will be deployed to the Agogo Integrated West Hub Development Project located in the West Hub of Block 15/06 offshore Angola.
03 May 24	Italy: Prospex Energy provides update on the Selva Malvezzi production concession in Italy Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy.
03 May 24	Technip Energies announces its unaudited financial results for the first quarter of 2024 Technip Energies, a leading Engineering & Technology company for the energy transition, has announced its unaudited financial results for the first quarter of 2024.
03 May 24	Murphy Oil announces Q1 2024 financial and operational results Murphy Oil has announced its financial and operating results for the first quarter ended March 31 2024, including net income attributable to Murphy of $90 million. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $131 million.
02 May 24	APA Corporation announces Q1 2024 financial and operational results APA reported net income attributable to common stock of $132 million. When adjusted for items that impact the comparability of results, APA’s first-quarter earnings were $237 million. Net cash provided by operating activities was $368 million and adjusted EBITDAX was $1.24 billion. Following the completion of the Callon acquisition, APA is providing revised full-year 2024 guidance. In 2024, APA plans to invest $2.7 billion in upstream oil and gas capital.
02 May 24	Nigeria: PGS data supports Nigeria 2024 Bid Round PGS, a leading provider of seismic and reservoir data for energy exploration and development, has data over 10 offshore blocks on offer in the Nigeria 2024 Bid Round announced this week.
02 May 24	FTC order bans former Pioneer CEO from Exxon board seat in Exxon-Pioneer deal The US Federal Trade Commission took action to resolve antitrust concerns surrounding Exxon Mobil Corporation’s $64.5 billion acquisition of oil producer Pioneer Natural Resources by approving a consent order that prevents founder and former Pioneer CEO Scott Sheffield from gaining a seat on Exxon’s board of directors or serving in an advisory capacity at Exxon once it acquires Pioneer.
02 May 24	Norway/Canada: Subsea Integration Alliance signs collaboration agreement with Equinor - commencing work on Wisting and Bay du Nord Subsea 7 has announced the signing of a new long-term strategic collaboration agreement between Equinor and Subsea Integration Alliance (which comprises Subsea7 and OneSubsea). The agreement paves the way for exclusive collaboration to begin immediately on early, joint concept studies for two projects: the Wisting field offshore Norway, and Bay du Nord, off Newfoundland and Labrador, Canada.
02 May 24	Morocco: Chariot commences drilling operations onshore Morocco AIM-listed Chariot, the Africa focused transitional energy group, has announced that drilling operations have commenced at the Loukos Onshore licence, onshore Morocco, with the spud of the RZK-1 well on the Gaufrette prospect.
02 May 24	Amplus forms new partnership with VG Energy in ambitious plan to target untapped reserves in West Africa Amplus VGE, a joint venture between UK-headquartered Amplus Energy and Nigeria-based Versatile Group (VG Energy), along with support from Norway’s Carbon Circle, is bringing together innovative solutions to unlock lucrative marginal fields in West Africa.
02 May 24	US: Nordex Group receives order for 148 MW for N149/5.X turbines The Nordex Group has received an order for N149/5.X turbines from the United States and will be supplying 25 of its Delta 4000 series models. The turbines will be installed with an 89m seismic tower at an undisclosed wind farm in California.
02 May 24	Ørsted announces interim report for the first quarter of 2024 Ørsted has announced its interim report for the first quarter of 2024. Operating profit in line with expectations, with offshore site earnings increasing 18%. Business plan progressing with Sunrise Wind award and completion of two offshore wind farms.
02 May 24	Valaris reports first quarter 2024 results Valaris has reported first quarter 2024 results. The Company reports net income of $26 million, Adjusted EBITDA of $54 million and Adjusted EBITDAR of $84 million. Awarded new contracts and extensions with associated contract backlog of more than $520 million during the first quarter.
02 May 24	Australia: Copenhagen Infrastructure Partners secures two offshore wind feasibility licences in Australia and launches new platform company Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, has announced it was successful in Australia’s first offshore wind Feasibility Licence process securing two licences. CIP has site exclusivity to develop offshore wind projects over two areas one 586km2 and the other 689 km2.
02 May 24	Shell announces first quarter 2024 results Shell has announced its first quarter 2024 results. Q1 2024 Adjusted Earnings of $7.7 billion, reflecting strong operational performance across the business. CFFO of $13.3 billion for the quarter includes a working capital outflow of $2.8 billion. Commencing a $3.5 billion share buyback programme, expected to be completed by Q2 2024 results announcement. 2024 cash capex outlook unchanged: $22 - 25 billion.
02 May 24	Union Jack Oil to Present at Sidoti Virtual Investor Conference Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, and exploration company, announced that Zac Philips, Commercial Advisor, will present and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference, taking place on May 8-9, 2024.
02 May 24	Italy: Heads of Agreement signed between Gunvor and LNEnergy Reabold Resources has announced the execution of a non-binding Heads of Agreement between Gunvor International and LNEnergy for the purchase of liquefied natural gas ('LNG') by Gunvor from LNEnergy from the Colle Santo gas field, located onshore Italy. LNEnergy has the exclusive right to acquire a 90% interest in Colle Santo and Reabold owns a 26.1% equity interest in LNEnergy.
02 May 24	Australia: Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia Mainstream Renewable Power has announced that Gippsland Skies Offshore Wind, a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.
01 May 24	Cyprus: Eni CEO meets with President of the Republic of Cyprus Nikos Christodoulides to discuss Eni’s activities and future projects in the Country The President of the Republic of Cyprus Nikos Christodoulides and Eni Chief Executive Officer Claudio Descalzi met in Nicosia to discuss Eni’s activities and future projects in the Country. In particular, President Christodoulides and Eni CEO reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies,of Cronos and Zeus which led to the drilling of Cronos 2 appraisal well in late 2023.
01 May 24	Canada: C-NLOPB announces 2024 Call for Bids in the Eastern Newfoundland Region The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licences in the Eastern Newfoundland Region. Call for Bids No. NL24-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 41 parcels and a total of 10,287,196 hectares.
01 May 24	Ocean Edge Services continues growth with new project awards in the Gulf of Mexico, Guyana, and West Africa Ocean Edge Services has announced recent project awards totaling over US$10 million. The contracts include Production Hydraulic Power Units, Subsea Distribution equipment, and Intervention Workover Control Systems.
01 May 24	UK: L&G NTR Clean Power Fund purchases minority stake in the East Anglia ONE offshore windfarm he L&G NTR Clean Power (Europe) Fund has successfully completed the acquisition of a minority stake in the East Anglia ONE offshore windfarm, alongside the Development Bank of Japan Inc. Situated 43km off the coast of Suffolk, England, the Fund’s stake has been purchased from Macquarie Asset Management.
01 May 24	UK: Carbon capture and storage technology lands in the English Channel The leading trade body Offshore Energies UK says a new carbon storage licence being offered in the English Channel is an innovative way to store greenhouse gas emissions from industrial emitters on the South Coast. The North Sea Transition Authority (NSTA) has invited applications for an out of round CO2 storage licence in saline aquifers off the Isle of Wight.