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24 Sep 24
Vietnam: Excelerate Energy and PTSC enter partnership to study FSRU based solutions in Vietnam
Excelerate Energy, a leading provider of floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) solutions, and PetroVietnam Technical Services Corporation (PTSC), a subsidiary of Vietnam Oil and Gas Group (PetroVietnam), have signed a strategic partnership agreement to jointly study FSRU based technical solutions for LNG imports into Vietnam.
24 Sep 24
Norway: Horisont Energi announces strategic review
Horisont Energi has, in conjunction with its Board of Directors and major shareholders, initiated a strategic review to explore several options for its project portfolio within CCS and clean ammonia.
24 Sep 24
UK: University of Aberdeen issues statement on GB Energy HQ announcement
The University of Aberdeen has issued a statement in response to confirmation that the headquarters of GB Energy, a new UK Government-backed energy company, will be located in Aberdeen.
24 Sep 24
OEUK: GB Energy must build on Aberdeen’s industrial strengths
Offshore Energies UK, the leading trade body welcomes the announcement that GB Energy will be located in Aberdeen. The city has been Europe’s energy capital for the last fifty years and with the right energy policies in place to back firms and their workers, it can continue to spearhead the UK’s homegrown energy transition.
24 Sep 24
UK: ScottishPower confirms Lowestoft as long-term home for UK offshore wind with multi-million investment
Green energy company ScottishPower Renewables has confirmed Lowestoft as the long-term home and heart of its UK offshore wind operations with the acquisition of a new site in the town’s PowerPark – expanding its existing footprint in the town.
24 Sep 24
Azerbaijan: MOL Group and its JV partners sign commercial agreements for the development of gas reserves at the ACG field
MOL Group and its Joint Venture partners signed commercial agreements for the development of gas reserves in Azerbaijan. After SOCAR and BP, MOL is the third largest shareholder in the giant ACG field, where non-associated gas reservoirs were identified beneath and above the producing oil reservoirs.
24 Sep 24
Japan: Vestas secures its largest onshore wind project to date in Japan with 134 MW order from Invenergy
Vestas has secured a 134 MW order from Invenergy, for the Inaniwa Wind Energy Center in Iwate prefecture in Japan. It is Vestas’ largest onshore order to date in the Japanese market.
24 Sep 24
Amogy sails world’s first carbon-free ammonia powered maritime vessel
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, has announced that the world’s first carbon-free, ammonia-powered maritime vessel successfully completed its maiden voyage.
24 Sep 24
Poland: Nordex Group to supply 41 turbines for 148 MW wind farm in Poland
The Nordex Group has received an order for the supply and installation of turbines for the Miejska Górka wind farm in Poland. The Group will supply 41 N117/3600 turbines totalling 147.6 MW from the end of 2025 for one of the biggest wind farms in the country.
24 Sep 24
UK: Forties Pipeline System could close 10 years early under Labour
A crucial North Sea pipeline network is facing possible closure a decade earlier than planned because of the UK Government’s North Sea tax raid. The Forties Pipeline System - which connects more than 80 offshore gas and oil fields to the UK mainland - may shut down as early as 2030 if plans to extend the windfall tax suffocates investment.
24 Sep 24
Norway: DNO's second well delineates Heisenberg and confirms size of discovery
DNO has announced completion of a second well delineating the play-opening 2023 Heisenberg oil and gas discovery in Norwegian North Sea license PL827SB. Encountering a six-meter oil-filled Eocene sandstone reservoir, the well confirmed the Heisenberg volume estimate of 24 to 56 million barrels of oil equivalent (MMboe) with mean of 37 MMboe.
24 Sep 24
South Korea: TotalEnergies to supply 200,000 tons per year of LNG to HD Hyundai Chemical until 2033
In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies has announced the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027.
24 Sep 24
UK: Union Jack Oil provides West Newton update
Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company notes today's announcement from Rathlin Energy U.K. regarding the West Newton gas development project, located within PEDL183, onshore UK in East Yorkshire.
24 Sep 24
Oman: Worley awarded framework agreement to provide services for PDO's northern concession areas in Oman
Gulf Petrochemical has awarded Worley Oman a framework agreement to provide services in Petroleum Development Oman’s (PDO) northern concession areas in Oman. Under the five-year framework agreement, Worley Oman will provide engineering and procurement support services for the Fahud, Lekhwair and Yibal projects.
23 Sep 24
Falklands: Borders & Southern Petroleum announces unaudited results for the six-month period ended 30 June 2024
Borders & Southern Petroleum has announced its unaudited results for the six-month period ended 30 June 2024. The Company is seeking to progress the appraisal of its Darwin project by bringing in a partner to finance the appraisal of the Darwin East discovery or to drill other exploration wells with the view to bringing Darwin into production.
23 Sep 24
Norway: OKEA sells its 15% WI in Yme to Lime for USD 15.65m
OKEA has entered into an agreement with Lime Petroleum to sell its 15% working interest in the Yme licence for a post-tax cash consideration of USD 15.65 million.
23 Sep 24
Shelf drilling announces closing of the sale of the Baltic jack-up rig
Shelf Drilling has announced closing of the jack-up rig Baltic for a total consideration of USD 60 million. The buyer intends to deploy the rig on a multi-year, plug and abandonment ('P&A') program in Malaysia, and Shelf Drilling has agreed to provide rig management and operations support to the buyer for the upcoming P&A campaign.
23 Sep 24
Norway: Exploration activity has been profitable in all ocean areas
A Norwegian Offshore Directorate analysis of exploration activity over the last 20 years (2004-2023) shows that the discoveries are valued at three times the costs expended.
23 Sep 24
Getech Group announces interim results
AIM-listed Getech, a world leading locator of subsurface resources, has announced its unaudited interim results and report for the six months to 30 June 2024. The Company reports H1 2024 revenues of £2.2 million (H1 2023: £1.9 million), a year-on-year increase of 16%.
23 Sep 24
Petrofac extends forbearance agreement
Petrofac confirms that it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior secured notes from 20 September to 18 October 2024.
23 Sep 24
France: Air France-KLM ramps up its SAF offtake agreement with TotalEnergies, which will supply more sustainable aviation fuel over a 10-year period
TotalEnergies and Air France-KLM have signed an agreement for TotalEnergies to supply up to 1.5 million tons of more sustainable aviation fuel (SAF) to Air France-KLM Group airlines over a 10-year period, until 2035. This agreement marks one the largest SAF purchase contracts signed by Air France-KLM to date.
23 Sep 24
Colombia: Arrow Exploration announces fourth horizontal well results in the Tapir Block
Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has provided an update on operational activity, particularly at the multi horizon, Carrizales Norte ('CN') field on the Tapir Block in the Llanos Basin of Colombia.
23 Sep 24
UK/USA: Union Jack Oil announces unaudited results for the six months ended 30 June 2024
Union Jack Oil, a USA and UK focused onshore oil and gas production, development and exploration company, has announced its unaudited results for the Half Year ended 30 June 2024. Union Jack's continued growth is evidenced by the Company's solid and profitable 2024 Half Yearly financial results, confirming its resilience, both financially and operationally.
23 Sep 24
Mongolia: Petro Matad spuds Gobi Bear-1 exploration well
Petro Matad, the AIM quoted Mongolian oil company, has spudded the Gobi Bear-1 exploration well in the Tamsag Basin of eastern Mongolia. The well is located c. 12km southwest of the Heron-1 oil discovery well in the Block XX Exploitation Area.
23 Sep 24
Uruguay: Challenger Energy in farmout agreement with Chevron for the AREA OFF-1 licence in Uruguay
Challenger has received regulatory approvals for the farmout of the AREA OFF-1 licence, offshore Uruguay, to Chevron.
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