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03 Jun 24
Germany: Beacon Energy announces Erfelden operational update
AIM-listed Beacon Energy, the full-cycle oil and gas company with a portfolio of onshore German assets through its wholly-owned subsidiary Rhein Petroleum, has provided an operational update in relation to the SCHB-2 sidetrack well in the Erfelden field.
03 Jun 24
US: Zephyr Energy provides State 36-2R well drilling update
Zephyr Energy, the Rocky Mountain oil and gas company, has provided an update on the State 36-2R well at its flagship asset in the Paradox Basin, Utah, where drilling is about to commence on the final section of the well.
03 Jun 24
US: Mosman Oil and Gas announces strategic first move into helium in USA
Mosman Oil and Gas has acquired a 10% working interest in a helium project in Las Animas County, Colorado, USA from Vecta Oil and Gas, a private company that has explored, drilled and produces helium in Colorado. Vecta will own the remaining 90% WI and operate the project.
03 Jun 24
Tower Resources announces preliminary results to 31 December 2023
AIM-listed Tower Resources, the Africa-focused energy company, has announced its preliminary results for the 12 months ended 31 December 2023 and provided an update on operations in Cameroon and Namibia.
03 Jun 24
Gabon: Appraisal confirms material Hibiscus field reserve increase
BW Energy has concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area at the Dussafu Marin Permit offshore Gabon.
03 Jun 24
Sweden: Aurora Wind Farm offshore Sweden gets green light
The County Administrative Board of Gotland has decided to recommend the Government grant a permit for the offshore wind farm Aurora developed by OX2 and Ingka Investments.
03 Jun 24
Aramco completes acquisition of 40% stake in Gas & Oil Pakistan
Aramco, one of the world’s leading integrated energy and chemicals companies, has made further progress in its global retail expansion by completing the acquisition of a 40% equity stake in Gas & Oil Pakistan. The investment signals further progress in Aramco’s global retail expansion.
03 Jun 24
Brazil: Subsea 7 awarded four PLSV contracts in Brazil
Subsea 7 has announced, after a competitive tender process, the award by Petrobras of four long-term day-rate contracts for pipelay support vessels (PLSVs) commencing in 2025. The contracts have a combined value of over $1.25 billion.
03 Jun 24
US: JERA to sell part of its equity interest in a subsidiary participating in the Freeport LNG project in the United States
JERA has approved a proposed agreement with Japan Petroleum Exploration Co. ('JAPEX') to sell 15% of its interest in Freeport LNG Development ('FLNG'), which operates the Freeport LNG project in the United States, to JAPEX, for approx. 380 million USD.
03 Jun 24
Australia: Mosman Oil and Gas announces EP 145 - Helium Project update
Mosman Oil and Gas, the hydrocarbon, helium and hydrogen exploration, development and production company, reports that Greenvale Energy, its farmin partner and Operator of the EP 145 project in the Amadeus Basin, has reported that approvals are on track for seismic acquisition to commence in August, allowing it to advance its high-potential helium project in central Australia.
03 Jun 24
DNV leads wind energy development with industry standard for next generation blades
DNV, the independent energy expert and assurance provider, has led an innovative initiative resulting in the revision of the DNV-ST-0376 rotor blade standard, in response to the dynamic landscape of wind turbine development.
03 Jun 24
Angola: Corcel provides an update on its exploration and development operations onshore Angola
AIM-listed Corcel, the pan Angola-Brazil focused exploration and production company, has announced an update to its exploration and development operations in onshore Angola.
03 Jun 24
Trinidad and Tobago receives six bids in Shallow Water Competitive Bidding Round 2023/2024
The Shallow Water Competitive Bidding Round 2023/2024 closed on May 27th, 2024. Thirteen offshore blocks were placed on offer and a total of 6 bids were received for 4 blocks.
31 May 24
PETRONAS collaborates with Sinopec to explore future opportunities
Petroliam Nasional Berhad (PETRONAS) has entered into a strategic collaboration with China Petrochemical Corporation (Sinopec) to explore opportunities to drive growth and innovation across the energy value chain.
31 May 24
UAE: ADNOC awards 3% interest in SARB and Umm Lulu Concession to SOCAR
ADNOC has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership between the United Arab Emirates (UAE) and Azerbaijan and deepens ADNOC’s growing partnership with SOCAR across the energy value chain.
31 May 24
Morocco: Sound Energy announces mobilisation of rig for work over operations
AIM-listed Sound Energy, the transition energy company, has announced the mobilisation of the Star Valley Rig 101 to the Tendrara Production Concession to conduct planned work over operations on the gas wells TE-6 and TE-7 in preparation for long term gas production into the micro LNG plant currently under construction at site by Italfluid Geoenergy.
31 May 24
Petrofac announces results for Y/E 31 December 2023
Petrofac has issued its financial results for the year ended 31 December 2023 and an update on progress with respect to its review of strategic and financial options. The Company reports strong order intake of US$7.1 billion, driving significant backlog growth to US$8.1 billion and Group business performance EBIT loss of US$(393) million.
31 May 24
Falklands: Borders & Southern Petroleum announces audited results for the 12 month period ended 31 December 2023
AIM-listed Borders & Southern, the London based independent oil and gas exploration company with assets offshore the Falkland Islands, has announced its audited results for the year ended 31 December 2023.
31 May 24
Harbour Energy provides update on proposed acquisition of Wintershall Dea asset portfolio
Further to its May Trading and Operations Update, Harbour Energy continues to make good progress on concluding the prospectus and shareholder circular in relation to the acquisition of the Wintershall Dea asset portfolio. Both documents are in the final stages of preparation with publication expected in the coming weeks and a shareholder meeting to approve the acquisition to take place thereafter.
31 May 24
US: Zephyr Energy announces First Quarter 2024 production results from the Williston Basin portfolio
AIM-listed Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, has provided initial first quarter 2024 results related to hydrocarbon production from its non-operated asset portfolio in the Williston Basin, North Dakota, U.S.
31 May 24
Reabold Resources announces Full Year Results for the year ended 31 December 2023
Reabold Resources, the investing company focussed on developing strategic gas projects for European energy security, has announced its audited financial results for the year ended 31 December 2023.
31 May 24
PNG: MRDC and Twinza execute agreements over the Pasca A Project
Mineral Resources Development Company ('MRDC'), Twinza Oil and Twinza Oil (PNG) have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% Participating Interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.
30 May 24
UK: OEUK challenges all General Election candidates to back our sector and our people for a homegrown energy transition
As the UK Parliament is dissolved and campaigns enter their second full week, leading trade body Offshore Energies UK (OEUK) has challenged every candidate standing in the 4 July General Election to back UK-based energy firms and their workers. OEUK represents over 400 companies, their supply chains and their people working across oil and gas, wind, hydrogen and carbon capture technology.
30 May 24
Brazil: PGS gets green light for Petrobras 4D contract
PGS has been issued the final permit for the large 4D survey over the Barracuda Caratinga fields, offshore Brazil. The Ramform Victory will start data acquisition for Petrobras in early June. The contract has a duration of approx. eight months and will be completed in 2025.
30 May 24
Australia: Woodside signs loan agreement to support Scarborough Energy Project
Woodside has signed a US$1 billion loan agreement with the Japan Bank for International Cooperation (JBIC). The loan agreement will fund Woodside’s Scarborough Energy Project, which is on schedule for first LNG cargo in 2026.
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