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20 May 24
Expro completes the acquisition of Coretrax
Expro, a leading provider of energy services, has completed its acquisition of Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions based in Aberdeen, Scotland.
20 May 24
India: CoolCo enters into a long-term charter with GAIL (India) for Newbuild LNG carrier
Cool Company has entered into a 14-year Time Charter Party with GAIL (India) for one of the Company’s two newbuild LNG carriers currently under construction. CoolCo will deliver the Newbuild to GAIL in the Gulf of Mexico, with the 14-year time charter commencing in early 2025.
17 May 24
UK: EnergyPathways provides update on its plans to deliver clean, home-grown energy for the UK
EnergyPathways, an integrated energy transition company, has provided an update on its plans to deliver clean, home-grown energy for the UK. EnergyPathways continues to make solid progress on the planned development of its flagship Marram energy storage project, a fully appraised 'Ready to go' low-cost development that can provide critical gas supply and storage infrastructure for the UK, targeting first gas in 2025.
17 May 24
UK: £86m investment in offshore wind research facilities to accelerate UK development of next generation of super turbines
Development of the world’s most advanced wind turbine blade and drive train testing assets at ORE Catapult’s National Renewable Energy Centre in Blyth, Northumberland, set to deliver major boost to UK growth from offshore wind.
17 May 24
Egypt: TAG Oil announces successful production test results from BED4-T100 horizontal well
TAG Oil has announced initial production test results on its BED4-T100 horizontal well, which tested at 800 barrels of oil per day. The T100 well has demonstrated encouraging results following a multi-stage hydraulic fracture stimulation targeting the Abu-Roash 'F' ('ARF') tight carbonate reservoir in the Badr Oil Field ('BED-1') in the Western Desert of Egypt.
17 May 24
Valeura Energy releases 2023 Sustainability Report
Valeura Energy, an upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, has announced the release of its 2023 sustainability report.
17 May 24
Norway and Switzerland strengthen cooperation on CCS and CDR
Norway and Switzerland have signed a Declaration of Intent to strengthen cooperation on carbon capture and storage (CCS) and carbon dioxide removals between the two countries.
17 May 24
UK: Spirit Energy, Peak Cluster call for new route to market for CCS
Centrica subsidiary Spirit Energy and the Peak Cluster partnership of UK lime and cement manufacturers have asked government for a clear route to market for their carbon capture and storage (CCS) plan. At the moment there are only Track 1 and Track 2 projects that have funding.
17 May 24
Angola: Saipem awarded offshore contract by Azule Energy for Ndungu Field Project in Angola for a total amount of around 850 million USD
Saipem has been awarded a new offshore contract by Azule Energy Angola, subsidiary of Azule Energy Holding, an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approx. 180 km off the coast of Angola. The value of the contract is around 850 million USD.
17 May 24
UAE: ADNOC delivers first ever bulk shipment of CCS enabled certified low-carbon ammonia to Japan
ADNOC has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui for use in clean-power generation in Japan.
17 May 24
US: Crescent Energy to acquire SilverBow Resources for $2.1 billion
Crescent Energy Company and SilverBow Resources have entered into a definitive agreement pursuant to which Crescent will acquire SilverBow in a transaction valued at $2.1 billion. The combined company to be the second largest operator in the Eagle Ford.
17 May 24
AquaTerra Group secures decommissioning projects worth seven figures
Aberdeenshire headquartered integrated services provider, AquaTerra Group, has announced four significant decommissioning contract wins totalling a seven-figure sum. These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.
17 May 24
UK: Chevron to sell remaining UK North Sea oil and gas assets
Reuters reports that Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark its exit from UK after more than 55 years. Chevron's assets include a stake in the BP-operated Clair oilfield in the West of Shetland region, the largest in the British North Sea with production of 120,000 barrels per day.
16 May 24
GoM: Two new studies available on offshore wind energy in the Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) has announced the availability of two new studies on offshore wind energy in the Gulf of Mexico. The results of these studies will inform federal, state, and local strategic renewable energy planning over the next decade.
16 May 24
Norway: EMGS secures late sales multi-client revenue
Electromagnetic Geoservices ('EMGS') has announced that the Company has entered into several late sales licencing agreements related to its existing Norwegian EM multi-client library, with a total combined revenue to the Company of approx. USD 1.3 million.
16 May 24
Wind Power LAB launch lightning surveillance technology - reducing wind turbine repair costs and operational downtime by more than 40%
Danish-based Wind Power LAB (WPL) have launched an innovative lightning surveillance tool tailored to combat strike damages to wind farms through early detection of potential risk. The new Lightning Analysis Service, known as LASSIE, offers major cost savings in excess of 40% because repairs are identified earlier than expected, through the use of the technology-based monitoring tool.
16 May 24
Qatar: Seadrill enters agreement to sell its Qatar Jack-Up Fleet and expands share repurchase program
Seadrill has entered into a definitive agreement to sell three jack-up rigs - the West Castor, the West Telesto and the West Tucana (the 'Qatar Jack-Up Fleet') - and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner Gulf Drilling International for cash proceeds of $338 million.
16 May 24
UK: New OEUK report reveals smart support for offshore wind could be a game changer
A new Wind Insight report published by Offshore Energies UK sets out the key opportunities and challenges for offshore wind deployment in the UK. It says that smart new approaches are needed to overcome obstacles such as cost inflation and planning consent delays so the UK can unlock investment and power ahead in the global race for the next generation of projects, including game-changing floating wind technology.
16 May 24
CGG changes name to Viridien
At the Annual General Meeting on May 15, 2024, shareholders approved the resolution to change the company’s corporate name from CGG to Viridien. To further support its growth strategy, the company will launch the new Viridien brand on 10th June at the upcoming EAGE Annual Conference in Oslo, further strengthening its focus across a portfolio of solutions.
16 May 24
Qatar: QatarEnergy to double its LNG production capacity in the next few years
QatarEnergy's CEO said Qatar’s LNG expansion projects are moving ahead on track towards an increased production capacity of 142 million tons per annum, adding that 'with 18 million tons per annum coming from our LNG project in Texas, Qatar will be doubling its LNG production capacity in the next few years.'
16 May 24
Eni publishes Eni for 2023 report outlining the company's sustainability goals and achievements for the year
Eni has announced the publication of its voluntary sustainability report 'Eni for 2023 - A Just Transition,' which traces the progress made over the past year, highlighting the company's commitment to promoting a just energy transition, aiming for carbon neutrality by 2050.
16 May 24
Tullow Oil issues AGM trading update
Tullow Oil has issued a trading update in advance of the Group's Annual General Meeting (AGM). The Company has seen good delivery of its operational programme and is on track to deliver its free cash flow expectations of c.$600 million over 2024 to 2025 at $80/bbl and is well placed to capitalise on a higher oil price environment.
16 May 24
Colombia: Arrow Exploration announces the spud of the CNB HZ-1 well
Arrow Exploration has announced the spud of the Carrizales Norte B pad Horizontal Well 1 ('CNB HZ-1') on the Tapir Block in the Llanos Basin of Colombia. The CNB HZ-1 well will develop the Ubaque formation which has been successfully delineated by the CN Q1 2024 well program.
16 May 24
Guyana: Seatrium awarded repeat FPSO integration contract from SBM Offshore
Seatrium has been awarded a contract for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel. The FPSO will be deployed to serve in the Whiptail Field, Offshore Stabroek Block, Guyana for ExxonMobil Guyana.
16 May 24
Suriname: PETRONAS makes latest oil and gas discovery in Suriname's offshore Block 52
PETRONAS has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 kms offshore and 9 kms east from Roystonea-1. The well encountered several oil and gas-bearing Campanian sandstone reservoir packages.
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