Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with a contracted supply volume comprising about 6.5 […]

TGS, a global leader in energy data and intelligence, has announced a strategic partnership with PetroAI. This collaboration aims to provide E&P companies with an integrated solution that allows users to access TGS’s licensed data via the PetroAI platform. By leveraging PetroAI’s advanced AI models, this partnership enhances the ability to accurately quantify exploration and […]

With reference to the joint stock exchange announcement on 18 September 2023 by TGS ASA  and PGS ASA regarding the combination of the two companies (Merger) to establish the premier energy data company, as well as subsequent announcements on 25 October 2023 and 1 December 2023 regarding, respectively, the execution of the definitive merger agreement […]

Aker Solutions has secured a sizeable long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola. This is a continuation of the current frame agreement Aker Solutions has with the operator Azule Energy. The operator is Angola’s largest independent equity […]

BW Energy has now concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area. The Company’s preliminary evaluation indicates an increase in Hibiscus gross recoverable reserves (mid-case) of approximately 8 million barrels of oil to 12 million […]

The Shallow Water Competitive Bidding Round 2023/2024 was launched on October 3rd, 2023 and closed on May 27th, 2024 at 12 noon. Thirteen (13) offshore blocks were placed on offer, namely, Block 1(b), Block 2(ab), Block 2(d), Block 4(c), Block Lower Reverse L, Block Modified U(c), Guayaguayare (Offshore) Block, Block 21, Block 22(a), Block 22(b), […]

Equinor is selling 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG). With this, the ownership between Equinor and PNGiG in these licenses will be balanced with the Gina Krog field. The plan for development and operation (PDO) for Eirin was approved in […]

BW Energy, operator of the Dussafu Marin licence in Gabon and the Golfinho cluster offshore Brazil, reported EBITDA for the first quarter of 2024 of USD 109.7 million, down from USD 133.4 million in the fourth quarter of 2023, mainly due to lower oil sales in the quarter. Net production from the operated assets was […]

Equinor and the Troll partners have decided to invest just over NOK 12 billion to further develop the gas infrastructure in the Troll West gas province. This will accelerate production from the reservoir and thus maintain the current high gas export levels from the Troll and Kollsnes value chain leading up to 2030. Stage 2 […]

 Chariot Limited, the Africa focused transitional energy group has announced the successful spudding of the OBA-1 well on the Dartois prospect in the Loukos Onshore licence onshore Morocco (Chariot, Operator 75%, ONHYM, 25%). Dartois target has Best Estimated to possess recoverable prospective gas resources of 12 Bcf. The Independent prospect targeting a different trapping style […]