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13 Mar 23
Ireland could produce cheapest green hydrogen in Europe by 2030
Producing green hydrogen in Ireland could cost as little as €3.50/kgH2 in 2030, delivering the cheapest green hydrogen in Europe, new analysis by Aurora Energy Research finds.
13 Mar 23
Poland: DNV officially authorized to issue certificates for offshore wind projects in Poland
DNV has been authorized by the Polish Ministry of Infrastructure to issue certificates for offshore wind farms and assembly of power output equipment in Poland. The certification will be executed according to Polish law requirements, reflected in DNV’s Service Specification 'Project certification of wind power plants'.
13 Mar 23
Australia: Total Eren expands to Perth to lead the development of renewable hydrogen projects within the State
Total Eren has announced the establishment of its fourth office in Australia, located in Perth, Western Australia dedicated to lead the development of renewable hydrogen (H2) projects within the State.
13 Mar 23
Nigeria: San Leon Energy provides update on operatorship of OML 18
San Leon notes the press release published in Nigeria by Eroton Exploration & Production Company on 13 March 2023 about its ongoing operation of OML 18. This press release is in response to press speculation in Nigeria last week. San Leon's economic interest in OML 18 is not impacted by a possible change of operatorship of OML 18.
13 Mar 23
Norway: Equinor granted drilling permit for well 6406/5-2 S in PL 255 B
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for well 6406/5-2 S in PL 255 B.
13 Mar 23
Fugro and Petrobras pioneer remote subsea inspection survey in Brazil
Fugro and Petrobras have achieved a major milestone in Brazil's offshore energy sector by successfully completing the country's first-ever remote subsea inspection survey.
13 Mar 23
Petrobras and Colombia’s Ministry of Mines and Energy meet to discuss partnerships in South America
The CEO of Petrobras, Jean Paul Prates, met the Minister of Mines and Energy of Colombia, Irene Vélez Torres, during CERAWeek in Houston. Environmental projects for the protection of the Amazon Forest were discussed, along with prospects for developing natural gas production in the Tayrona block, in Colombia, a priority area that Petrobras owns in partnership with Ecopetrol.
13 Mar 23
Turkey: Pinarova-1 construction commences
UK Oil & Gas (UKOG) has announced that construction of Pinarova-1's drilling pad and access road commenced on schedule over the weekend. The well is located 6 km north of the Basur-1 oil discovery.
13 Mar 23
Reach Subsea awarded strategic three-year frame agreement and two months call-off with Equinor
Reach Subsea has been awarded a three-year frame agreement with Equinor for work on the Norwegian continental shelf and internationally to 2026. The agreement covers the full spectrum of Reach Subsea services.
13 Mar 23
UK: A reliable, secure and decarbonised power system by 2035 is possible – but not at this pace of delivery
A decarbonised power system is the central requirement for achieving Net Zero in the UK and the prize for all modern economies. A comprehensive new report by the Climate Change Committee (CCC) demonstrates the scale of the task in achieving the Government’s 2035 goal, with 25 new recommendations to improve the prospects of delivery.
13 Mar 23
UK: Halliburton works with Exceed on North Sea plug and abandonment campaign
Halliburton is working closely with Exceed, the largest independent well and reservoir management company, on a six-well integrated plug & abandonment campaign on Centrica Storage’s Rough Alpha platform in the North Sea, scheduled for execution in the first quarter of 2023.
13 Mar 23
Colombia: Arrow Exploration announces reaching target depth on the RCE-4 well
Arrow Exploration has provided an update on the drilling activity at Rio Cravo Este (RCE) on the Tapir Block in the Llanos Basin of Colombia. The well encountered six hydrocarbon bearing intervals totaling 45 net feet of oil pay.
13 Mar 23
US: President Biden proposes increases in BOEM budget through clean energy initiatives
The Biden-Harris administration on March 9 released the President’s Budget for Fiscal Year (FY) 2024. The budget reflects the Administration’s commitment to ongoing efforts vital to the Bureau of Ocean Energy Management’s (BOEM) mission, which include advancing renewable energy and ensuring the reliability and affordability of domestic clean energy.
13 Mar 23
GoM: BOEM to publish PNOS for Gulf of Mexico Oil and Gas Lease Sale 261
Bureau of Ocean Energy Management (BOEM) will publish the Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of Mexico, which is scheduled to be held in September 2023. Gulf of Mexico Oil and Gas Lease Sale 261 would offer approx. 13,620 blocks on 73.4 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas.
13 Mar 23
Austria: ADX awarded production licence for the Anshof oil field
ADX Energy has advised that Austria’s Ministry of Finance has awarded a production license to ADX VIE GmbH for the development of the Anshof oil field located within the ADX-AT-II exploration license in Upper Austria.
13 Mar 23
Aramco announces record full-year 2022 results
Saudi Aramco has announced its full-year 2022 financial results, reporting a record net income of $161.1 billion, compared to $110.0 billion in 2021 - its highest annual profits as a listed company. Aramco expects 2023 capital expenditure to be approx. $45.0 billion to $55.0 billion.
13 Mar 23
GeoPark reports Q4 and full-year 2022 results
GeoPark, a leading independent Latin American oil and gas explorer, operator and consolidator, has reported its consolidated financial results for the three-month period ended December 31, 2022. Production growth delivered record revenue, net profit and cash flows to fund debt reduction and accelerate shareholder returns.
13 Mar 23
BW Offshore signs agreement for the sale of the FPSO BW Opportunity
BW Offshore has signed an agreement for the sale of the FPSO BW Opportunity to an undisclosed third party for a total consideration of USD 125 million. In parallel, BW Offshore is exploring the commercial principles for the provision of EPCC and O&M services for a five-year transitional period with the buyer.
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