Latest News
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30 Jan 23
Oceaneering and Kontiki Winds sign agreement to electrify offshore assets and microgrids through renewable power generation
Oceaneering International has announced that its Norwegian subsidiary, Oceaneering AS, has signed an MoU with Kontiki Winds (a Havfram company) to jointly pursue the application of floating offshore wind for remote microgrid renewable power generation to electrify offshore assets such as oil and gas production as well as other small scale power generation opportunities among island states currently producing electricity by fossil fuel. -
30 Jan 23
Xodus review outlines huge emissions and costs savings for Middle East operator
Global energy consultancy Xodus has identified significant emissions and cost savings following a greenhouse gas (GHG) emissions baseline and energy efficiency review for a Middle East operator’s fleet of drilling rigs. -
30 Jan 23
Baker Hughes unveils new digital solutions for more intelligent operations and cleaner energy
Baker Hughes has announced the introduction of multiple new digital solutions and investments to advance more intelligent and energy-efficient operations. The solutions focus on improving efficiency and performance while reducing emissions, helping to drive the long-term sustainability of customer operations. -
30 Jan 23
US: ExxonMobil awards FEED for world's largest low-carbon hydrogen facility
ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision for the project is expected by 2024. Project targets 1 billion cubic feet of low-carbon hydrogen per day, while capturing more than 98% of associated CO2 emissions. -
30 Jan 23
Fugro’s uncrewed surface vessel provides TAQA with safer and more sustainable offshore inspections
Fugro has completed its first fully remote offshore survey inspection in the North Sea for energy company TAQA using one of its Blue Essence uncrewed surface vessels (USV) with Blue Volta electric remotely operated vehicle (eROV). -
30 Jan 23
Enel Green Power sets new records in 2022 for renewable capacity built and under construction, energy generated and projects developed worldwide
Enel Green Power set a new record in 2022 by building 5,223 MW of new renewable capacity, including 387 MW of Battery Energy Storage Systems (BESS), representing an increase compared to 2021 figures. -
30 Jan 23
Australia: Comet Ridge provides update on Mahalo North development plan
Comet Ridge has progressed discussions with Denison Gas for Comet Ridge to transport gas from Mahalo North via the nearby Denison compression and dehydration plant and pipeline infrastructure. The parties have appointed Verbrec Infrastructure Services to undertake a FEED study. -
30 Jan 23
UK: Hartshead Resources provides quarterly report for the period ended 31 December 2022
Hartshead has continued to progress the Phase I development of the Anning and Somerville gas fields with the award of Platform and Subsea Front-End Engineering Design (FEED) contracts to Petrofac, and has completed the initial phase of a partial divestment process with interest from a number of potential industry partners. -
30 Jan 23
Baker Hughes and Fortescue Future Industries to collaborate on exploring green hydrogen and geothermal projects
Baker Hughes announced Monday a memorandum of understanding (MoU) with Fortescue Future Industries (FFI) to jointly explore potential opportunities for the scale up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects. -
30 Jan 23
Oman: Maha Energy enters into a JOA with Mafraq Energy for Block 70 in Oman
Maha Energy and Mafraq Energy have entered into a Joint Operating Agreement ('JOA') for Block 70 in Oman. Maha has assigned a 35% work interest to Mafraq Energy, while retaining a 65% interest. -
30 Jan 23
Indonesia: Texcal to drill BA-01 exploration well in the Mahato PSC, Indonesia
JV partner Cue Energy has announced that Texcal, the operator of the Mahato PSC in Indonesia, is planning to drill the BA-01 exploration well. The primary target is the Miocene-age Telisa Formation sandstone reservoir at a depth of 900ft. A secondary target is the Menggala Formation, expected at approx. 2500ft. Both targets are producing reservoirs in the Central Sumatra Basin. -
30 Jan 23
bp Energy Outlook 2023 explores key trends and uncertainties surrounding the energy transition
This year’s bp Energy Outlook explores the key trends and uncertainties surrounding the energy transition out to 2050. The three main scenarios considered in the Outlook – Net Zero, Accelerated, and New Momentum – have been updated to take account of two major developments over the past year: the Russia-Ukraine war and the passing of the Inflation Reduction Act in the US. -
30 Jan 23
Iraq: Gulf Keystone announces operational & corporate update
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, has provided an operational and corporate update. -
30 Jan 23
Shell announces Executive Committee and Directorate changes
Shell is to reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify the organisation further and improve performance as it delivers its Powering Progress strategy. -
30 Jan 23
Brazil: Norsk Solar secures green bond to finance 18 MW solar project in Brazil
Norsk Solar has been granted a 'Certificado de Recebiveis Imobiliarios' (CRI) from the Brazilian asset manager Valora Investimentos. The green bond will provide over 50,000,000 BRL (ca. 10,000,000 USD) in financing in the form of non-recourse project debt for Norsk Solar's 18 MW solar plant in Brazil. -
30 Jan 23
US: Mosman announces quarterly production and Cinnabar-1 update
AIM-listed Mosman Oil and Gas has announced its production summary for the three months ended 31 December 2022 and recent production at the Cinnabar Project in East Texas. -
30 Jan 23
Trinidad: Trinity Exploration announces Q4 2022 operational update
Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on operations for the three-month period ended 31 December 2022 (Q4 2022). The Company delivered production for the year within guidance and remains on-track to progress its growth agenda in 2023. -
30 Jan 23
Chariot announces acquisition of renewable water poduction business
Chariot, the Africa focused transitional energy company, has entered into a sales agreement for the acquisition of the business and assets of an independent water producer, ENEO Water, an African company focused on delivering clean water solutions using renewable energy. -
30 Jan 23
Panoro Energy announces trading statement and operations update
Panoro Energy has provided an update in advance of its full year 2022 results. 2022 was a record year for Panoro with revenues estimated at approx. USD 188 million. Working interest production averaged approx. 7,500 bopd. -
30 Jan 23
Canada: ExxonMobil moves forward with largest renewable diesel facility in Canada
ExxonMobil has announced its majority-owned affiliate, Imperial Oil Ltd, will invest about $560 million to move forward with construction of the largest renewable diesel facility in Canada. The project at Imperial’s Strathcona refinery is expected to produce 20,000 barrels of renewable diesel per day. -
30 Jan 23
Lebanon: QatarEnergy joins TotalEnergies and Eni on two exploration blocks
TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. TotalEnergies, along with our partners, are committed to drilling as soon as possible in 2023 an exploration well in Block 9. -
30 Jan 23
Chevron announces fourth quarter results
Chevron has announced reported earnings of $6.4 billion for fourth quarter 2022, compared with $5.1 billion in fourth quarter 2021. Chevron reported full-year 2022 earnings of $35.5 billion, compared with $15.6 billion in 2021. -
30 Jan 23
Libya: Eni launches a major gas development project in Libya
Eni and the National Oil Corporation of Libya (NOC) have agreed on the development of 'Structures A&E', a strategic project aimed at increasing gas production to supply the Libyan domestic market as well as to ensure export to Europe. The combined gas production from the two structures will start in 2026 and reach a plateau of 750 million standard gas cubic feet per day. -
30 Jan 23
Brazil: Brazilian antitrust authority approves the sale of Maha Energy Brasil
Maha Energy has announced that the Brazilian antitrust authority (CADE) has approved, without restrictions, the sale of Maha Energy Brasil to PetroReconcavo. -
30 Jan 23
UK: RenewableUK sets out key steps the Chancellor can take to grow the green economy
Responding to the Chancellor’s commitment to grow the UK’s green economy in his keynote speech on Jan. 27, RenewableUK has set out key steps the Chancellor can take to grow the green economy. -
30 Jan 23
US: Equinor and bp bid for third New York offshore wind solicitation
Equinor and bp have jointly bid into New York’s third offshore wind solicitation (NY3), building on their strong commitment to deliver renewable energy for New Yorkers, create sustainable jobs, boost the economy across the state, and support a just transition to renewable energy. -
30 Jan 23
Malaysia: PETRONAS and ExxonMobil sign CCS Project Development Agreements
PETRONAS has signed two Project Development Agreements with ExxonMobil Exploration and Production Malaysia to jointly pursue Carbon Capture and Storage (CCS) activation projects in Malaysia.
