Latest News
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02 Jun 23
4Subsea launches new tool to optimise vessel operability
4Subsea, a leading provider of technology and services that help operators optimise energy production from subsea oil & gas fields and offshore wind farms, has secured its first contract for a new digital solution that enhances the operability of any weather dependent marine vessel operation. -
02 Jun 23
Norway: GeoStreamer X new data for exploration, ILX and appraisal in the Norwegian Sea
A new GeoStreamer X early-out product is available now and provides high-resolution data to resolve imaging challenges in the Norwegian Sea, revealing remaining potential and derisking future drilling opportunities. A wide range of technologies and workflows have been employed to address the imaging challenges for various subsurface targets. The latest addition to the PGS library is the 2022 GeoStreamer X program. -
02 Jun 23
Thailand: Petrofac secures late life asset management renewal in Gulf of Thailand
Petrofac has been awarded a five-year extension for the provision of operations and maintenance (O&M) services on the FPF-003 floating production, storage and offloading (FPSO) vessel, located in the Jasmine field in the Gulf of Thailand, from Busrakham Jasmine, which is an affiliate of Valeura Energy. -
02 Jun 23
UK: New analysis reveals oil, gas and renewables progress on unlocking the potential of digitalisation
Key research shared today by the Offshore Energy Digital Strategy Group (OEDSG) at an OEUK- hosted webinar reveals digitalisation across the oil and gas and renewable energy sectors is gathering momentum. The 2023 Offshore Energy Digital & Data Maturity Survey report aims to deepen understanding of how organisations are applying data and digital technologies to help transform the UK energy system to achieve net zero targets. -
02 Jun 23
Morocco: Predator provides MOU-3 drilling update, onshore Morocco
Predator Oil & Gas Holdings has announced that the Star Valley Rig 101 will commence drilling the MOU-3 well, located in the Guercif Petroleum Agreement onshore Morocco, within the next 24 hours. -
02 Jun 23
Timor Leste: Baron Oil announces Chuditch PSC update - 6 month extension granted
Baron Oil has announced an update on the TL-SO-19-16 Production Sharing Contract ('Chuditch PSC'), offshore Democratic Republic of Timor-Leste. Baron's wholly owned subsidiary, SundaGas, has been granted a further six-month extension to Contract Year Two of the PSC. The Company remains in discussions with third parties regarding participation in the Chuditch appraisal well and future activities. -
02 Jun 23
Norway: Aker Solutions signs Subsea Frame Agreement extension with Aker BP
Aker Solutions and Aker BP have agreed to extend a frame agreement for the provision of Subsea Production Systems until December 31, 2028. -
02 Jun 23
US: Zenith Energy enters into first agreement for USA acquisition campaign
Zenith Energy has entered into an agreement with Stateside Energy, a company registered under the laws of the State of Oklahoma, United States of America, to acquire and operate a portfolio of oil production and development licences in Oklahoma, as well as certain other States in the USA. -
02 Jun 23
US: ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone
ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, one of North America’s largest steel producers – demonstrates its continued momentum in helping industrial customers reduce emissions. -
01 Jun 23
Turkey: Trillion Energy’s Bayhanli-2 gas well enters production
Trillion Energy has announced test results for the Bayhanli-2 natural gas well at the SASB gas field, offshore Turkey. Eight intervals of gas pay with a true thickness of about 21 metres were perforated and tested and are now producing gas to the sales pipeline. The well is expected to be produced with initial flow rates at between 8 and 9MMcf/d. -
01 Jun 23
Brazil: CNOOC Limited announces Buzios5 Project commences production
CNOOC Limited has announced that the Buzios5 Project has commenced production. The Buzios oil field is located in the Santos Basin, offshore Brazil. It is the largest deep-water pre-salt oil field in the world, with a daily production of about 600,000 barrels at present. Buzios5 is the fifth phase of oil field development. -
01 Jun 23
China: CNOOC Limited announces China's first offshore CCS demonstration project commissioned
CNOOC Limited has announced the official commissioning of China's first offshore CCS demonstration project. The CCS project is an auxiliary part of the Enping 15-1 oilfields development, which is located in the Pearl River Mouth Basin. -
01 Jun 23
GoM: Helix Energy Solutions awarded significant full-field decommissioning contract in U.S. Gulf of Mexico Shelf
Helix Energy Solutions has announced that its Louisiana-based subsidiary Helix Alliance has been awarded a 39-well decommissioning contract in the U.S. Gulf of Mexico shelf. The project is expected to commence in mid-2023. The scope of work includes the plug and abandonment of 39 wells, 15 pipelines and seven structures. -
01 Jun 23
UK: CCS and hydrogen challenges to be tackled at SPE Offshore Europe 2023
Energy industry leaders are to set out how the sector can overcome challenges posed by the implementation of carbon capture storage (CCS) and the use of hydrogen at SPE Offshore Europe 2023 (OE23). A series of technical papers and panel sessions on the topics will be on offer to help the industry as it transitions towards net zero. -
01 Jun 23
GoM: BOEM completes environmental review of offshore wind leasing in the Gulf of Mexico
As part of the Biden-Harris administration’s goal of permitting 30 gigawatts of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) has issued a final environmental assessment (EA) on potential impacts from offshore wind leasing on the U.S. Outer Continental Shelf in the Gulf of Mexico, a key milestone towards the potential first-ever offshore wind lease sale in the Gulf. -
01 Jun 23
Brazil: TotalEnergies signs Production Sharing Contract for the Agua Marinha offshore block
TotalEnergies and its co-venturers Petrobras, QatarEnergy and PETRONAS Petróleo Brasil Ltda (PPBL) have signed the Production Sharing Contract (PSC) for the Agua Marinha block, which was awarded in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP) in December 2022. -
01 Jun 23
UK: Neptune Energy awarded Young Person’s Guarantee status
Neptune Energy has been awarded Young Person’s Guarantee employer status, in recognition of its support for local communities through the development of Scotland’s future workforce. -
01 Jun 23
Trinidad: Challenger Energy provides update on sale of Cory Moruga to Predator Oil and Gas
AIM-listed Challenger Energy has provided an update in relation to the sale of the Cory Moruga licence, onshore Trinidad, to Predator Oil and Gas. -
01 Jun 23
US: Pantheon Resources announces update on last year's state lease awards
Pantheon Resources has announced that it has formally accepted and paid for the award by the State of Alaska Department of Natural Resources for the 39,540 acres that it was the successful bidder of in last year's state lease sale. -
01 Jun 23
South Africa: Scatec closes transaction to divest Upington solar plants in South Africa
Scatec, a renewable energy frontrunner in emerging markets, has closed the previously announced transaction to divest the Upington solar plants in South Africa. The proceeds will be recycled into new investments within renewable energy. -
01 Jun 23
Norway: Equinor drills dry well near the Troll field in the North Sea - 31/2-23 S
Equinor, operator of production licence PL 923, has concluded the drilling of wildcat well 31/2-23 S. The well, which was drilled about 3 kms west of the Troll field in the North Sea, failed to encounter hydrocarbons and has been permanently plugged and abandoned. -
01 Jun 23
Thailand: Valeura Energy announces extension of Jasmine oil field FPSO and operating contract
Valeura Energy has announced an extension to two key contracts relating to the Jasmine oil field in Thailand. Valeura’s charter of the field’s floating production storage and offloading vessel ('FPSO'), and a contract for provision of operating and maintenance services for the vessel, have been extended by five years until the end of 2028. -
01 Jun 23
Reabold Resources provides update on investment in LNEnergy
Reabold Resources has announced that, further to the Company's announcement of 9 May 2023 regarding its initial investment in LNEnergy, Reabold and LNEnergy have agreed to extend the expiry date of the First Option and Shareholder Option by one week to 7 June 2023. -
01 Jun 23
Clontarf Energy announces £350,000 fundraising and corporate update
AIM-listed Clontarf Energy has raised £350,000 (before expenses) via the placing of new ordinary shares. The net proceeds of the Placing will be used to advance Clontarf's lithium projects in Bolivia, and neighbouring countries, as well as on petroleum projects in Ghana, Australia, and elsewhere. -
01 Jun 23
Norway: Aker Horizons awarded up to NOK 135 million in financing from Innovation Norway for Rjukan green hydrogen project
Aker Horizons, a developer of green energy and industry, has announced that Aker Horizons Asset Development, the company’s wholly-owned asset development arm dedicated to hydrogen projects, has been awarded up to NOK 135 million in grants and loans from Innovation Norway for the green hydrogen production facility at Rjukan, in Eastern Norway. -
01 Jun 23
PGS awarded a 3D exploration acquisition contract in the Mediterranean
PGS has been awarded a 3D exploration acquisition contract in the Mediterranean by a major international energy company. Ramform Hyperion is expected to mobilize for the survey late third quarter and the program has a total duration of approx. 70 days. -
01 Jun 23
Nigeria: PGS releases PSDM Data for Nigeria Library rejuvenation
The PGS Deepwater Niger Delta Depth 2023 project provides unparalleled imaging of complex structure and delivers over 5,000 sq km of reprocessed PSDM MultiClient 3D data. The depth reprocessing focuses on the northwestern Nigerian offshore, rejuvenating two datasets: the Nigeria MegaSurveyPlus and OPL 314/315/321/323 MC3D. -
01 Jun 23
Norway: Odfjell Drilling agrees contract with DNO Norge for the Deepsea Yantai
Odfjell Drilling has announced that on behalf of CIMC OFFSHORE, the Company has agreed a contract with DNO Norge for the use of the drilling rig Deepsea Yantai. The contract includes the drilling of one firm well, in PL 1182 in the North Sea.
