OSLO, NORWAY: Integrated Wind Solutions AS (IWS) announced the acquisition of Green Ducklings A/S. Green Ducklings is a Danish offshore wind specialist advisory to the global renewable industry with sole focus on offshore wind power. “The acquisition of Green Ducklings will enable an acceleration of our ambitious strategy, where IWS is owning and developing a…
Tag: oil and gas
Aker Solutions and Doosan Babcock partner up for sustainable energy projects in UK
OSLO: Aker Solutions and Doosan Babcock have agreed to jointly deliver projects for low-carbon solutions and renewable energy in the UK, a news release said. The partners will particularly focus on pursuing and winning contracts for new hydrogen production plants, and facilities for carbon capture, utilization and storage (CCUS). Opportunities for other projects within the…
PetroTal completes $100 Million senior secured bond issue
CALGARY: PetroTal Corp. announced that on February 16, 2021 it completed the issuance of the $100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal’s only interest bearing debt and will be used to retire the existing derivative liability with Petroperu, continue development of the…
BW Offshore invests EUR 60mn to become strategic owner of Ideol S.A.
OSLO: BW Offshore Limited has signed a share purchase agreement to become a strategic owner of Ideol S.A., a global pure player in floating offshore wind technology. BW Offshore to invest EUR 60 million to attain a strategic stake in BW Ideol. BW Ideol is planning to seek admission to trading on Euronext Growth Oslo…
Zenith Energy notifies successful completion of IPU in Congo
LONDON: Zenith Energy Ltd. has received formal confirmation regarding the successful completion of the Inquiry of Public Utility (Enquête d’Utilité Publique) (IPU), following an in-depth technical and financial review, performed by the Ministry of Hydrocarbons of the Republic of the Congo during the month of January 2021. As announced on December 23, 2020, the Company…
Xstate closes acquisition of oil and gas producing assets
SYDNEY: Xstate Resources Limited has closed on the acquisition of a 10% Working interest (WI) in oil and gas producing assets (Alberta Plains Assets) in southern Alberta, Canada. Plans for the acquisition were previously reported on 28 January 2021. The assets consist of oil and gas fields and associated production equipment, located between Edmonton and…
Lundin Energy plans capital budget of $1.2bn and production of 190,000 Mboepd for 2021
STOCKHOLM: Lundin Energy AB announced its 2021 programme, with a capital budget of USD 1.2 billion and production guidance of between 170 to 190 thousand barrels of oil equivalent per day (Mboepd). The long-term production guidance is increased to over 200 Mboepd by 2023. The Company will achieve carbon neutrality for operational emissions from 2025,…
Oil and Gas Exploration and Production: Previews
OGDC: Profitability to plunge by 24% YoY in 2QFY21 We expect OGDC’s earnings in 1HFY21 to arrive at PKR 42,964mn (EPS: PKR 9.99), down by 19% YoY. The fall is anticipated owed to i) drop in oil prices by 32% YoY given weak oil demand internationally and ii) 4% and 5.8% YoY dip in oil…
Fremont Petroleum on track to complete Trey acquisition by next week
SYDNEY: Fremont Petroleum Corporation Ltd announced that it expects to complete the Purchase and Sale Agreement (PSA) of the portfolio of producing oil and gas leases located in the Illinois Basin from Indiana-based Trey Exploration Inc. in the next week using existing cash reserves. This transaction was first reported on 18 June 2020. As previously…
Nostra Terra acquires producing oil and gas assets
LONDON: Nostra Terra Oil & Gas Company has announced the acquisition of a 100% working interest in the Caballos Creek Oil Field, a producing oil field with additional development opportunity in Atascosa County Texas. The primary assets are shallow, vertical oil wells producing 30 bopd gross (22 bopd net of royalties) with further development potential….
Energean plc
Energean plc is an international oil and gas exploration and production company. It is listed on the London Stock Exchange as well as the Tel Aviv Stock Exchange and is a constituent of the FTSE 250 Index. In December 2016, Energean acquired 100 percent of the Karish and Tanin natural gas fields from Delek Drilling…
Cairn Energy PLC
Cairn Energy PLC is one of Europe’s leading independent oil and gas exploration and development companies and is listed on the London Stock Exchange. Cairn has discovered and developed oil and gas reserves in a variety of locations around the world. Cairn Energy has a primary listing on the London Stock Exchange and is a…