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14 Jan 21
UK: OGUK CEO says Energy White Paper must be opportunity for jobs and communities
OGUK chief executive Deirdre Michie OBE has appeared before the House of Commons Business Energy and Industrial Strategy (BEIS) Select Committee to give evidence on the Energy White Paper (EWP), published in December.
14 Jan 21
US: Orsted signs long-term power purchase agreements with PepsiCo for Nebraska and Texas wind farms
PepsiCo has signed two agreements with Ørsted to purchase a portion of energy from the 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in Texas.
14 Jan 21
Talos Energy completes comprehensive refinancing and liquidity enhancing activities
Talos Energy has completed a series of capital markets activities to refinance the Company's near-term bond maturities, significantly enhance liquidity and provide the Company with greater strategic flexibility entering 2021.
14 Jan 21
Norway: Equinor to explore the opportunities within offshore solar power
Equinor is already an offshore wind major. Now the company will explore the opportunities within offshore solar power. Together with Moss Maritime the company wants to start testing off the island of Frøya.
14 Jan 21
US: Total and 174 Power Global to jointly develop 1.6 GW of solar and energy storage projects in the U.S.
Total and 174 Power Global, a wholly owned Hanwha Group affiliate, have signed an agreement to form a 50/50 joint venture (JV) to develop 12 utility-scale solar and energy storage projects of 1.6 gigawatts (GW) cumulative capacity in the United States, transferred from 174 Power Global’s development pipeline.
14 Jan 21
Argentina: Equinor and YPF partner with Shell in the CAN 100 block offshore Argentina
Equinor and YPF have today entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block, located in the North Argentinian Basin, offshore Argentina.
14 Jan 21
Australia: Woodside given approval for Greater Western Flank-3 Development and the Lambert Deep Development
Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given Woodside approval for the Greater Western Flank-3 (GWF-3) Development and the Lambert Deep (LD) Development, subsea tie-backs to the GWA and Angel facilities respectively.
14 Jan 21
Israel: Energean announces Karish North Final Investment Decision and new term loan
Energean has announced that it has taken Final Investment Decision ('FID') on the Karish North gas development, offshore Israel, 21-months after the announcement of the discovery.
14 Jan 21
Norway: The Shelf 2020 - high activity and significant investments
Activity on the Norwegian continental shelf last year remained at a high level, despite the ongoing pandemic. The year has been characterised by high production and significant investments in developments and projects on the fields.
14 Jan 21
Peru: Searcher announces Onshore Peru Multi-Client Campaign
Searcher has announced a new Onshore Peru Campaign, in collaboration with PeruPetro. 2D & 3D Seismic Rectification and a Well Atlas including post-drill analysis will provide a renewed and enhanced dataset to support future bid rounds, regional evaluations and due diligence of existing commercial opportunities.
14 Jan 21
UK: Hurricane Energy provides trading and operational update
Hurricane Energy has provided a trading and operational update ahead of its results for the year ended 31 December 2020. Hurricane reports production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net free cash at year-end compared to end November 2020.
14 Jan 21
US: Pantheon Resources spuds Talitha-A well, North Slope of Alaska
AIM-listed Pantheon Resources has spudded the Talitha-A well, North Slope of Alaska. The Company estimates the Talitha-A well will target in the region of a billion barrels of recoverable oil potential across the multiple stacked (primary and secondary) objectives.
14 Jan 21
US: Pantheon Resources acquires new acreage in Alaska's North Slope Areawide Lease Sale
AIM-listed Pantheon Resources has announced the successful acquisition of a 100% interest in approx. 66,000 acres in the State of Alaska's North Slope Areawide Lease Sale. The new leases are strategically positioned in two areas contiguous to the Company's current acreage.
14 Jan 21
Suriname: Total, new operator of Block 58 offshore Suriname, announces a fourth discovery
Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi.
14 Jan 21
Australia: Beach Energy given approval to drill Artisan-1 well in Otway Basin
Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given Beach Energy approval to drill the Artisan-1 exploration well in the Otway Basin.
14 Jan 21
Namibia: BW Energy signs Kudu farm-in agreement
BW Energy and the National Petroleum Corporation of Namibia (NAMCOR) have signed a Farm-In and Carry Agreement. The agreement increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56% to 95%. NAMCOR will retain the remaining 5% working interest.
14 Jan 21
Germany: Siemens Gamesa and Siemens Energy to unlock a new era of offshore green hydrogen production
To reach the Paris Agreement goals, the world will need vast amounts of green hydrogen and wind will provide a large portion of the power needed for its production. Siemens Gamesa and Siemens Energy have announced that they are joining forces combining their ongoing wind-to-hydrogen developments to address one of the major challenges of our decade - decarbonizing the economy to solve the climate crisis.
13 Jan 21
US: Equinor selected for largest-ever US offshore wind award
Equinor has been selected to provide New York State with offshore wind power in one of the largest renewable energy procurements in the U.S. to date. Equinor and incoming strategic partner BP will provide 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW of power from Beacon Wind 1.
13 Jan 21
Good ingredients but bad cocktail: Combining offshore wind and green hydrogen is still too expensive - Rystad Energy
Several large-scale offshore wind farms are planned in the next five years in the North Sea. The area not only has plenty of ageing platforms and pipelines that could host production and transmission of hydrogen cheaply, but also salt caverns to store it at low cost. Rystad Energy has therefore looked at the economics of blending green hydrogen production with offshore wind development.
13 Jan 21
UK: Maersk Drilling secures one-well UK contract for Maersk Resolve
Maersk Drilling has been awarded a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea.
13 Jan 21
UK: OGA confirms ongoing flexibility to licence change requests caused by COVID-19
In response to the global COVID-19 pandemic which first affected the UK in early 2020, and continues to have a significant impact, the Oil & Gas Authority (OGA) announced on 24 March 2020 that it would seek to ease the pressures on industry by taking a pragmatic approach to compliance where it could. The OGA will continue to keep its approach to considering amendments to licence timelines under review.
13 Jan 21
Australia: BP completes plugging and abandonment of the Ironbark-1 well
JV partner Cue Energy reports that the Ocean Apex drilling rig has completed its work scope to plug and abandon the Ironbark-1 well in exploration permit WA-359-P, offshore Western Australia.
13 Jan 21
Netherlands: Wintershall Noordzee produces first gas from Sillimanite South field
Wintershall Noordzee has started up the production of the D12-B3 well, the Sillimanite South field discovery well. The gas field was discovered last year following the completion of the second Sillimanite development well which was taken into production in June last year.
13 Jan 21
Uruguay: PGS enters exploration data rejuvenation agreement with ANCAP
PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11,000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques. The rejuvenation will provide new, reprocessed 2D seismic that will tie with PGS’ existing 15,600 sq km MultiClient 3D survey, covering the Punta del Este and Pelotas basins.
13 Jan 21
Pharos Energy announces trading and operations update
Pharos Energy has issued a trading and operations update for the financial year to 31 December 2020. The Company has interests in Egypt, Israel and Vietnam. The Company has engaged Jefferies to conduct a formal farm-out process for the Company’s assets in Egypt.
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