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08 May 24	Peru: PetroTal announces strategic acquisition of Block 131 in Peru PetroTal has announced the execution of a definitive agreement to acquire a 100% working interest in Peru Block 131, including the producing Los Angeles field, through the acquisition of CEPSA Peru, which represents the entire Peruvian business unit of CEPSA, for a purchase price of approx. $5.0 million in cash.
08 May 24	UAE: ADNOC signs third long-term Heads of Agreement for Ruwais LNG Project ADNOC has announced the signing of a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).
08 May 24	Sidara announces response to statement by John Wood Group regarding possible cash offer to acquire Wood Sidara notes the announcement made by Wood and confirms that on 30 April 2024 it submitted a proposal to Wood regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood of 205 pence for each Wood share. This non-binding proposal was rejected by Wood on 8 May 2024 and Sidara is considering its next steps.
08 May 24	Wood Group responds to speculation regarding an unsolicited possible cash offer for the Company The Board of Wood notes recent speculation and confirms that it received an unsolicited, preliminary and conditional proposal from Dar Al-Handasah Consultants Shair and Partners Holdings ('Sidara'), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood.
08 May 24	UK: Hartshead Resources awarded ten blocks in UK 33rd Licensing Round Hartshead Resources has been notified by the North Sea transition Authority (NSTA) that it has been successful in winning ten blocks in the recent UK 33rd Licensing Round. All blocks contain either gas field re-developments or undeveloped gas fields.
08 May 24	Germany: Ørsted offshore wind farm Gode Wind 3 generates first power The first of a total of 23 turbines has been successfully installed at the Gode Wind 3 offshore wind farm. The most powerful and largest turbine in German waters is now feeding electricity into the transmission grid. A new milestone for the German offshore wind industry.
08 May 24	UK: Spotlight on communities as social scientist takes over as Chair in Ørsted partnership with Durham University Durham University’s Durham Energy Institute (DEI) and leading renewable energy developer Ørsted have renewed their long-standing partnership, welcoming Professor Simone Abram as the first social scientist to lead the Institute
08 May 24	Malaysia: Odfjell Technology secures three well services contracts in Malaysia Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded three well services contracts in Malaysia, marking a significant milestone in the company’s position in the Asia Pacific region.
08 May 24	Gabon: Hibiscus South pilot well confirms hydrocarbons BW Energy has announced that the DHBSM-2P pilot well confirms that the Hibiscus South deposit extends into the northern part of the field with good reservoir quality, increasing reserve estimates. The Company plans to complete the well as a production well later in 2024.
08 May 24	US: BOEM completes environmental review of Beacon Wind’s proposal for additional site testing offshore Massachusetts The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Beacon Wind’s proposal to test suction bucket foundations on its lease area offshore Massachusetts. BOEM determined that the proposed testing will not cause significant impacts to environmental resources. Suction bucket foundations are an alternative foundation type that allow for installation of turbines without the need for pile driving.
08 May 24	Norway's Ministry of Energy announces APA 2024 The Norwegian Ministry of Energy has announced APA 2024, encompassing the predefined areas with blocks in the Norwegian Sea, Norwegian Sea and Barents Sea. The deadline to apply for APA 2024 is September 3 2024.
08 May 24	CGG announces alliance with Baker Hughes offering carbon capture and storage solutions CGG has signed a Memorandum of Understanding with Baker Hughes, an energy technology company, at the 2024 Offshore Technology Conference (OTC) in Houston to facilitate the parties exploring jointly offered carbon capture & storage (CCS) solutions.
08 May 24	SBM Offshore announces Q1 2024 trading update SBM Offshore has announced a Q1 2024 trading update. The Company reports year-to-date Directional revenue of US$871 million, in line with expectation and full year 2024 Directional revenue and Directional EBITDA guidance maintained. Awarded contracts in April for the construction and installation of ExxonMobil Guyana’s FPSO Jaguar as part of the Whiptail development.
08 May 24	Occidental announces Q1 2024 results Occidental announced net income attributable to common stockholders for the first quarter of 2024 of $718 million, or $0.75 per diluted share, and adjusted income attributable to common stockholders of $604 million, or $0.63 per diluted share.
08 May 24	Venezuela: Maurel & Prom receives a specific license from the OFAC in relation to its operations in Venezuela Maurel & Prom has received a specific license it had applied for on 1 September 2023 from the U.S. Treasury Department’s Office of Foreign Assets Control ('OFAC') in relation to its 40% consolidated interest in the mixed company Petroregional del Lago ('PRDL'), which operates the Urdaneta Oeste field in Lake Maracaibo in Venezuela.
08 May 24	Aramco announces first quarter 2024 results Aramco has announces first quarter 2024 results. Net income: $27.3 billion (Q1 2023: $31.9 billion). Cash flow from operating activities: $33.6 billion (Q1 2023: $39.6 billion)
08 May 24	Georgia: Block Energy announces Carbon Sequestration MoU Block Energy, the development and production company focused on Georgia, has announced a Memorandum of Understanding ('MoU') with JSC Rustavi Azot, a subsidiary of Indorama Corporation, one of Asia's leading chemical companies, to develop the Carbon Capture and Storage ('CCS') opportunity identified within Block's Patardzeuli-Samgori Middle Eocene reservoir.
08 May 24	VAALCO Energy announces first quarter 2024 results VAALCO Energy has reported operational and financial results for the first quarter of 2024. VAALCO reported net income of $7.7 million for the first quarter of 2024 which was down compared with net income of $44.0 million in the fourth quarter of 2023 and up compared to $3.4 million in the first quarter of 2023.
08 May 24	TGS announces Q1 2024 results TGS has reported interim financial results for Q1 2024. The quarter reflected a strong development in multi-client late sales and high POC early sales rate, resulting in solid profitability in POC financials. POC revenues were USD 227 million compared to USD 229 million in Q1 2023. POC EBITDA of USD 143 million versus USD 119 million in Q1 2023. POC operating result was USD 40 million compared to USD 25 million in Q1 2023.
08 May 24	PGS announces first quarter 2024 results PGS announces first quarter 2024 results. Produced Revenues of $222.6 million, compared to $172.2 million in Q1 2023. Produced EBITDA of $112.5 million, compared to $71.5 million in Q1 2023. Produced EBIT (ex. Impairments and other charges, net) of $26.1 million, compared to a loss of $19.7 million in Q1 2023.
08 May 24	DNO reports strong first quarter results, steps up North Sea activity DNO, the Norwegian oil and gas operator, has reported first quarter 2024 operating profit of USD 61 million, 61 percent higher than the previous quarter, on the back of revenues totaling USD 183 million. Free cash flow at USD 44 million was up 31 percent from the fourth quarter of 2023.
08 May 24	Norway: Var Energi sells Norne area assets and increases stake in Ringhorne East Vår Energi has agreed the sale of its Norne area assets to DNO Norge for a fixed after-tax consideration of USD 51 million, and DNO Norge will transfer to Vår Energi their stake in the Ringhorne East unit.
07 May 24	TotalEnergies and Sinopec strengthen cooperation On the occasion of the state visit to France by the President of the People's Republic of China, TotalEnergies and China Petroleum and Chemical Corporation ('SINOPEC') signed a strategic cooperation agreement to deepen their collaboration, notably in low-carbon energies.
07 May 24	UK: PGS covers licence areas in UK 33rd Round final awards PGS data covers areas offered for award in Tranche 3 of the UK 33rd Round, announced last week by the NSTA. PGS has MultiClient coverage to support energy companies’ next exploration steps and accelerate the timeline from award to production, with high-quality GeoStreamer 3D seismic, and including the brand new Southern North Sea 3D Vision over awarded blocks.
07 May 24	Seadrill announces new contract awards for two drillships Seadrill has announced contract awards for two drillships. The West Capella has secured a one-well contract in South Korea and the West Neptune has secured a six-month contract extension with an independent operator in the U.S. Gulf of Mexico.