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08 Jan 25
Kistos provides trading and operational update
Kistos, an independent energy company focused on generating value across the upstream and midstream markets, has provided a trading and operational update ahead of its results for the year ended 31 December 2024.
08 Jan 25
Brazil: Petro-Victory announces partnership with Blue Oak Investments for acquisitions in Brazil and Latin America
Petro-Victory Energy has announced a strategic partnership with Blue Oak Investments and the signing of a term-sheet to form a new Special Purpose Vehicle (SPV) aimed at acquiring Exploration and Production (E&P) assets and companies in Brazil and Latin America.
08 Jan 25
Vietnam: Murphy Oil announces oil discovery at Hai Su Vang-1X offshore Vietnam
Murphy Oil Corporation has announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled to total depth of 13,124 feet in 149 feet of water. Hai Su Vang-1X encountered approx. 370 feet of net oil pay from two reservoirs.
07 Jan 25
Turkey: Trillion Energy announces completion of Alapli-2 gas well
Trillion Energy International has announced the successful installation of 2 3/8” velocity string tubing (VS) into the Alapli-2 natural gas well. This achievement marks a significant step in our ongoing efforts to enhance long-term gas production at the SASB field located in the southwestern Black Sea.
07 Jan 25
Ireland: Renewables provided close to half of Ireland's electricity in December
Electricity from renewable sources provided for close to half of total demand in December, according to provisional data from grid operator EirGrid. The majority of renewable electricity generated last month came from windfarms, which accounted for over 40% of all electricity used in Ireland. Total generation from wind energy amounted to 1,287 GWh (Gigawatt hours) over the month.
07 Jan 25
Spain: Plenitude doubles installed capacity in Spain thanks to organic growth
Plenitude has expanded its installed capacity from renewable sources in Spain by 400 MW, reaching nearly 950 MW of photovoltaic and wind power projects, more than double compared with 2023.
07 Jan 25
Libya: Oil production surpasses 2024 target by over 17,000 barrels
Libya's National Oil Corporation (NOC) ends 2024 with immense pride and satisfaction, having successfully overcome the extraordinary challenges facing the country. A key highlight of this success is the significant boost in oil production, which has exceeded the target outlined in the NOC’s plan for the year.
07 Jan 25
Libya: Repsol resumes exploratory drilling in Libya
Repsol has resumed its exploration activities in the Murzuq Basin after more than a decade of suspension, which began in 2014. On December 31, 2024, the company commenced drilling operations at the A1-2/130 (Neser Prospect) exploratory well.
07 Jan 25
Norway: Aker BP partners with PXGEO to deploy innovative seismic acquisition technology
Aker BP has entered a strategic partnership with PXGEO, to deploy an innovative seismic acquisition technology that will enhance the quality and efficiency of its subsurface exploration and development activities.
07 Jan 25
Cyprus: BorchWix Energy Advisors awarded another Service Contract for the provision of Subsurface Advisory Services to Cyprus Hydrocarbons Company
BorchWix Energy Advisors (BWEA) have announced the award of a three-year contract for the provision of Oil and Gas Subsurface Advisory services to Cyprus Hydrocarbon Company (‘CHC’). The award of this contract follows on from a similar contract which the BWEA led Consortium has been working with CHC on since the beginning of 2023.
07 Jan 25
Brazil: Shearwater Geoservices commences second season of acquisition for the Pelotas Basin multi-client 3D seismic
Shearwater Geoservices has announced the commencement of the second season of acquisition for the Pelotas Basin multi-client 3D seismic survey in Brazil, conducted in partnership with Searcher Seismic.
07 Jan 25
UK: Serica Energy provides update on UKCS production
Ahead of a trading update on 21 January, in which the Company will provide guidance for 2025, AIM-listed Serica Energy has announced production figures for 2024.
07 Jan 25
US: Union Jack Oil announces spudding of Moccasin 1-13 well, Seminole County, Oklahoma, USA
Union Jack Oil, a USA and UK focused onshore hydrocarbon production, development, exploration and investment company, has announced that it has been informed by the Operator, Reach Oil and Gas Company, that the Moccasin 1-13 well, located in Seminole County, Oklahoma, USA has been spudded. Union Jack holds a 45% working interest in this well.
07 Jan 25
Australia/Namibia: Global Petroleum announces successful capital raise to advance its Juno Project and on-going PEL 94 farmout
Global Petroleum has announced a successful capital raise of £1,500,000 to advance its Juno Project in Australia, on-going Namibia PEL 94 Farm Out discussions, licence upkeep and general working capital.
07 Jan 25
UK: OEUK response to Donald Trump
OEUK responded to Donald Trump’s post on his Truth Social website, sharing news from November of an oil producer’s decision to withdraw from the North Sea and attacking UK government policy.
06 Jan 25
US: API opposes further restrictions to offshore oil and natural gas development
The American Petroleum Institute (API) has released a statement from President and CEO Mike Sommers on reports the Biden administration will move to ban new oil and natural gas activity across millions of acres of federal waters.
06 Jan 25
Norway: Equinor reports highest natural gas production ever from a Norwegian field
In 2024, the Troll field in the North Sea produced more gas than ever before. At the same time, CO2 emissions were significantly reduced. The Troll field in the North Sea has set a historic production record, delivering 42.5 billion standard cubic metres of natural gas in 2024. This is the highest annual production ever for the field, and is an increase of almost ten percent from the previous record from 2022 (38.8 billion standard cubic metres).
06 Jan 25
Coterra Energy and Halliburton launch first fully automated hydraulic fracturing program
Halliburton Energy Services and Coterra Energy have announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform. This technology automates stage delivery execution with the push of a button. Coterra is the first operator to fully automate and control their hydraulic fracturing design and execution.
06 Jan 25
US: IPAA calls Biden offshore drilling ban 'significant and catastrophic'
The Independent Petroleum Association of America (IPAA) has issued a statement in response to the announcement of the Biden Administration’s plan to remove millions of acres of U.S. oceans from potential oil and gas drilling, barring the sale of new oil and gas leases along the Atlantic coast, the Pacific coast, the eastern Gulf of Mexico and portions of the northern Bering Sea.
06 Jan 25
US: Diversified Energy announces strategic bolt-on acquisition of complementary producing and midstream asstes in the Appalachian Basin
Diversified Energy Company has announced the acquisition of operated natural gas properties and related facilities located within Virginia, West Virginia, and Alabama from Summit Natural Resources.
06 Jan 25
Colombia: Arrow Exploration announces exploration well AB-1 results
Arrow has announced the results of the AB-1 well. The first well drilled into the Alberta Llanos field, has confirmed the productive potential of the multi-pool field. The well encountered multiple hydrocarbon-bearing intervals.
06 Jan 25
Canada: TGS announces Dawson III 3D seismic survey in the Western Canadian Sedimentary Basin
TGS has announced the launch of the Dawson Phase III 3D multi-client seismic survey in the Western Canadian Sedimentary Basin. Spanning 141 sq kms, this new survey will be merged with 121 sq kms from the existing Dawson Phase II 3D.
06 Jan 25
Argentina: Tecnicas Reunidas wins engineering and management contract for the Vaca Muerta project
VMOS SA, a company owned by YPF, the largest company in the Argentine energy sector, has awarded Técnicas Reunidas the contract to carry out engineering and management services related to the development of the Vaca Muerta project, the large deposit that extends over 30,000 sq kms in several provinces in central Argentina.
06 Jan 25
Poland: RWE successful with 31 solar projects in Polish auction
RWE has been successful in the latest auction for Renewables in Poland: the Polish regulator, Urzad Regulacji Energetyki (URE), has awarded RWE 31 solar projects with a total capacity of 102 megawatts of direct current (MWdc), which corresponds to 84 MW alternate current (MWac).
06 Jan 25
Ghana: Tullow reports successful outcome of Ghana Tax Arbitration
Tullow reports a successful outcome of its Ghana Tax Arbitration regarding its operations under the Deepwater Tano and West Cape Three Points Petroleum Agreements, offshore Ghana, which include the Jubilee and TEN fields. Tullow Ghana is not liable to pay the $320 million BPRT assessment issued by the Ghana Revenue Authority.
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