Latest News
-
30 Nov 21
Expro wins over USD50 million in subsea well contracts for Asia/Australia
Leading provider of energy services, Expro, has secured four significant subsea well access contracts in South East Asia and Australia worth in excess of $50 million. -
30 Nov 21
Orsted signs offshore wind CPPA with Google to help enable 24/7 carbon free energy
Ørsted has signed a 12-year corporate power purchase agreement (CPPA) with Google, under which Google will offtake 50 MW of Ørsted’s planned 900 MW Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea. -
30 Nov 21
Timor Leste: Carnarvon Energy preparing to drill Buffalo-10 well in the Timor Sea
Carnarvon Energy has provided an update on the Buffalo project, which involves the redevelopment of the Buffalo oil field in the Timor Sea. -
30 Nov 21
Ithaca Energy announces Q3 2021 results
Ithaca Energy has announced its financial results for the nine months ended 30 September 2021. The Company has announced roduction of 55,000 boepd (65% liquids) for the first 9 months of 2021 and EBITDAX of $598 million, benefiting from higher oil and gas prices. -
30 Nov 21
Australia: Central Petroleum signs new NT gas supply agreement for up to 3.15 PJs
Central Petroleum, through a wholly owned subsidiary, has executed a new gas supply agreement ('GSA') for supply of up to 3.15 Petajoules (PJs) of gas to the Northern Territory’s Power and Water Corporation ('PWC') via a back-to-back GSA with Macquarie Mereenie ('MM'). -
30 Nov 21
Taiwan: TotalEnergies announces production start-up of the Yunlin offshore wind farm
TotalEnergies has announced the start of power generation from the first turbine of the Yunlin offshore wind farm in Taiwan. -
30 Nov 21
US: TotalEnergies and Clean Energy launch the construction of their first biogas unit
Through their joint venture, TotalEnergies and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, thus contributing to decarbonize road transportation. -
30 Nov 21
Morocco: Sound Energy signs gas sales agreement for Phase 2 Tendrara development
Sound Energy has entered into a binding gas sale and purchase agreement in respect of the Phase 2 development of the Tendrara Production Concession with Morocco's state-owned power Company ONEE for the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10 year period. -
30 Nov 21
Brazil: Petrobras signs contracts with SBM Offshore for the FPSO Alexandre de Gusmao to be installed in the Mero field
Petrobras has signed contracts with SBM Offshore for the chartering and provision of services of the FPSO Alexandre de Gusmao, the fourth definitive system to be installed in the Mero field, located in the pre-salt of the Santos Basin. -
30 Nov 21
US: Interior Department report finds significant shortcomings in oil and gas leasing programs
The Department of the Interior has released its report on federal oil and gas leasing and permitting practices, following a review of onshore and offshore oil and gas programs. -
30 Nov 21
Saudi Arabia: Aramco awards contracts worth USD10bn for vast Jafurah field development, as unconventional resources program reaches commercial stage
The Saudi Arabian Oil Company ('Aramco') has announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas field in the Kingdom of Saudi Arabia. The Company has awarded subsurface and Engineering, Procurement and Construction (EPC) contracts worth $10 billion, with capital expenditure at Jafurah expected to reach $68 billion over the first 10 years of development. -
30 Nov 21
Malaysia: PETRONAS announces second gas discovery in Baram Province, offshore Malaysia
PETRONAS has announced a gas discovery from its Nangka-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, about 180 kms off the coast of Sarawak, offshore Malaysia. -
29 Nov 21
Lundin Energy responds to market rumours
Lundin Energy has noted recent speculation in the markets. The Company continuously engages in opportunities that are potentially value accretive to its shareholders. As of today there are no conclusive decisions that have been made in relation to any such discussions. -
29 Nov 21
McDermott completes net zero LNG construction study for Shell
McDermott recently completed a liquefied natural gas (LNG) construction study identifying tangible reduction pathways toward net-zero construction emissions on behalf of Shell Global Solutions International. -
29 Nov 21
Brazil: PXGEO completes Santos Basin 4D baseline OBN acquisition
PXGEO has successfully completed the Sapinhoa 4D Baseline OBN program for the BMS-9 consortium, operated by Petrobras, in the deep water Santos Basin, offshore Brazil. -
29 Nov 21
UK: Carbon Gap calls on European policymakers to provide support for carbon removal alongside emission reductions
Carbon Gap, an independent research and advocacy not-for-profit, has called on UK and European governments to lead on supporting and scaling up techniques to remove carbon directly from the air (referred to as carbon removal), alongside immediate and dramatic emissions cuts. -
29 Nov 21
UK: CNOOC Ltd commences production at Buzzard Phase II Development
CNOOC Limited has announced that the Buzzard Phase II development, offshore UK North Sea has safely commenced production. Buzzard Phase II is expected to reach its peak production of approx. 12,000 barrels of oil equivalent per day in 2022, increasing Buzzard’s production to 80,000 BOEPD in total. -
29 Nov 21
France: TotalEnergies launches its largest solar power plant in France
TotalEnergies has launched its largest photovoltaic solar power plant in France, with a capacity of 55 megawatts (MW). The solar farm, located northeast of Gien (Loiret), comprises 126,000 photovoltaic panels spread over 75 hectares. The plant will produce around 64 GWh per year. -
29 Nov 21
Ireland: Equinor sells its non-operated position in the Corrib gas project in Ireland to Vermilion Energy
Equinor has entered into an agreement with Vermilion Energy for the sale of the company’s non-operated equity position in the Corrib gas project in Ireland for an agreed a consideration of USD 434 million. -
29 Nov 21
UK: bp plans major green hydrogen project in Teesside
bp has confirmed it is planning a new large-scale green hydrogen production facility in the North East of England that could deliver up to 500Mwe (megawatt electrical input) of hydrogen production by 2030. The HyGreen Teesside project targets 60MWe of ‘green’ hydrogen production by 2025.
