Latest News
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31 May 24Trinidad and Tobago receives six bids in Shallow Water Competitive Bidding Round 2023/2024
The Shallow Water Competitive Bidding Round 2023/2024 closed on May 27th, 2024. Thirteen offshore blocks were placed on offer and a total of 6 bids were received for 4 blocks. -
31 May 24PETRONAS collaborates with Sinopec to explore future opportunities
Petroliam Nasional Berhad (PETRONAS) has entered into a strategic collaboration with China Petrochemical Corporation (Sinopec) to explore opportunities to drive growth and innovation across the energy value chain. -
31 May 24UAE: ADNOC awards 3% interest in SARB and Umm Lulu Concession to SOCAR
ADNOC has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership between the United Arab Emirates (UAE) and Azerbaijan and deepens ADNOC’s growing partnership with SOCAR across the energy value chain. -
31 May 24Morocco: Sound Energy announces mobilisation of rig for work over operations
AIM-listed Sound Energy, the transition energy company, has announced the mobilisation of the Star Valley Rig 101 to the Tendrara Production Concession to conduct planned work over operations on the gas wells TE-6 and TE-7 in preparation for long term gas production into the micro LNG plant currently under construction at site by Italfluid Geoenergy. -
31 May 24Petrofac announces results for Y/E 31 December 2023
Petrofac has issued its financial results for the year ended 31 December 2023 and an update on progress with respect to its review of strategic and financial options. The Company reports strong order intake of US$7.1 billion, driving significant backlog growth to US$8.1 billion and Group business performance EBIT loss of US$(393) million. -
31 May 24Falklands: Borders & Southern Petroleum announces audited results for the 12 month period ended 31 December 2023
AIM-listed Borders & Southern, the London based independent oil and gas exploration company with assets offshore the Falkland Islands, has announced its audited results for the year ended 31 December 2023. -
31 May 24Harbour Energy provides update on proposed acquisition of Wintershall Dea asset portfolio
Further to its May Trading and Operations Update, Harbour Energy continues to make good progress on concluding the prospectus and shareholder circular in relation to the acquisition of the Wintershall Dea asset portfolio. Both documents are in the final stages of preparation with publication expected in the coming weeks and a shareholder meeting to approve the acquisition to take place thereafter. -
31 May 24US: Zephyr Energy announces First Quarter 2024 production results from the Williston Basin portfolio
AIM-listed Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, has provided initial first quarter 2024 results related to hydrocarbon production from its non-operated asset portfolio in the Williston Basin, North Dakota, U.S. -
31 May 24Reabold Resources announces Full Year Results for the year ended 31 December 2023
Reabold Resources, the investing company focussed on developing strategic gas projects for European energy security, has announced its audited financial results for the year ended 31 December 2023. -
31 May 24PNG: MRDC and Twinza execute agreements over the Pasca A Project
Mineral Resources Development Company ('MRDC'), Twinza Oil and Twinza Oil (PNG) have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% Participating Interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea. -
30 May 24UK: OEUK challenges all General Election candidates to back our sector and our people for a homegrown energy transition
As the UK Parliament is dissolved and campaigns enter their second full week, leading trade body Offshore Energies UK (OEUK) has challenged every candidate standing in the 4 July General Election to back UK-based energy firms and their workers. OEUK represents over 400 companies, their supply chains and their people working across oil and gas, wind, hydrogen and carbon capture technology. -
30 May 24Brazil: PGS gets green light for Petrobras 4D contract
PGS has been issued the final permit for the large 4D survey over the Barracuda Caratinga fields, offshore Brazil. The Ramform Victory will start data acquisition for Petrobras in early June. The contract has a duration of approx. eight months and will be completed in 2025. -
30 May 24Australia: Woodside signs loan agreement to support Scarborough Energy Project
Woodside has signed a US$1 billion loan agreement with the Japan Bank for International Cooperation (JBIC). The loan agreement will fund Woodside’s Scarborough Energy Project, which is on schedule for first LNG cargo in 2026. -
30 May 24Norway: Aker BP drills dry well in the North Sea
Aker BP has completed the drilling of well 24/6-5 'Alvheim Deep' in production licence 203, in the North Sea. The well has been completed as a dry hole. -
30 May 24Norway: Var Energi drills dry well in the Barents Sea
Vår Energi, operator of production licence 1025 S, has completed drilling of the 7219/6-1 exploration well in the Barents Sea. The well has been permanently plugged and abandoned as a dry hole. -
30 May 24UK: Shell, Exxon near deal to sell North Sea assets to Viaro, Reuters reports
Shell and Exxon Mobil are reported to be close to an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, Reuters reports. -
30 May 24EnQuest announces operations update
EnQuest has continued to deliver strong operational performance across its operated portfolio during the early part of the year, with production to the end of April averaging 43.6 Kboed (above the mid-point of guidance). -
30 May 24Colombia: Arrow Exploration announces Q1 2024 interim results
Arrow Exploration, the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has announced its Q1 2024 interim results. In Q1 2024, Arrow experienced its strongest quarter to date for production and EBITDA. -
30 May 24Afentra announces its unaudited annual results for the year ended 31 December 2023
Afentra has announced its unaudited annual results for the year ended 31 December 2023. During FY2023 and post period, Afentra successfully completed three acquisitions in Angola to acquire 30% non-operated interest in the producing Block 3/05 and a 21.33% non-operated interest in the adjacent development Block 3/05A. -
30 May 24Tanzania: ARA Petroleum Tanzania receives development licence for Ntorya gas field
ARA Petroleum has announced that the Ministry of Energy in Tanzania has granted a 25-year Development Licence over the Ntorya gas discovery area to the Ruvuma joint venture.