Development News

Prospex Energy Announces Unaudited Interim Results for the Six Months Ended 30 June 2023
Italy >> 9/20/2023 - Prospex Energy Plc, the AIM quoted investment company, is pleased to announce its unaudited Interim Results for the six months ended 30 June 2023.

H1 2023 Financial and Corporate Ov...
Jadestone Energy Announces 2023 Half-Year Results
Indonesia >> 9/19/2023 - Jadestone Energy plc (JSE) (“Jadestone”), an independent oil and gas production company and its subsidiaries (the “Group”), focused on the Asia-Pacific region, reports its unaudited condensed consolid...
Three Development-Project Studies
Norway >> 9/19/2023 - A trio of detailed studies commissioned by the Petroleum Safety Authority Norway (PSA) have investigated and identified challenges, learning points and recommended improvement measures for executing d...
HSE Challenges for Safe Start-up & Operation of Developments
Norway >> 9/19/2023 - Potential indicators of health, safety and environmental (HSE) challenges in the execution phase which might affect the safety of development projects have been studied by IKM Acona for the Petroleum ...
Hibiscus, Ithaca Energy & Caldera Enter into Unit Operating Agreement
United Kingdom >> 9/15/2023 - - AHUK, Ithaca and Caldera enter into an agreement to jointly develop the Marigold field
- AHUK to have 61.25% interest in the unitised development and lead the integrated project team
- AH...
Equinor Submitted a Plan for Development and Operation (PDO) of the Eirin Gas Field
Norway >> 9/15/2023 - On behalf of the partnership, Equinor has submitted a plan for development and operation (PDO) of the Eirin gas field to the Ministry of Petroleum and Energy.

Recoverable reserves in t...
Evolution Petroleum & PEDEVCO to Jointly Develop Chaveroo Field in the Permian Basin
United States >> 9/13/2023 - Evolution Petroleum Corporation (EPM) ("Evolution") and PEDEVCO Corp. (PED) (“PEDEVCO”) announced entry into a definitive Participation Agreement to jointly develop PEDEVCO’s Chaveroo oilfield in the ...
OEUK Statement: Murlach Oil and Gas Field Approved
United Kingdom >> 9/12/2023 - The leading representative body for the offshore energy sector, Offshore Energies UK, has today responded to bp’s Murlach oil and gas field gaining government approval.

OEUK sustainability ...
Reabold Resources Colle Santo Project Enters Operational Phase
Italy >> 9/5/2023 - Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to provide a further update on developments in the ap...
Yggdrasil and Valhall PWP-Fenris: Construction is Underway
Norway >> 9/4/2023 - Aker BP celebrated the first official steel cut for its two major developments, Yggdrasil and Valhall PWP-Fenris on the Norwegian shelf. The event at Stord marks the start of three years of high activ...
SOCAR President Meets with TotalEnergies CEO
Azerbaijan >> 9/1/2023 - Mr. Rovshan Najaf, the President of the State Oil Company of Azerbaijan Republic (SOCAR), had a meeting with Mr. Patrick Puyane, the CEO of TotalEnergies.

The meetin...
African Development Bank Group and Eritrea strengthen partnership for growth
Eritrea >> 9/1/2023 - The African Development Bank Group and Eritrea on Friday strengthened their partnership to support the country’s growth and place it on a more sustainable development path in the coming years.

...
SOCAR President Meets with ADNOC Executive Director
Azerbaijan >> 8/31/2023 - Mr. Rovshan Najaf, the President of the State Oil Company of Azerbaijan Republic (SOCAR), met with Mr. Musabbeh Al Kaabi, the Executive Director of Low Carbon Solutions and International Growth at A...
Woodside's Trion Field Development Plan Approved by Mexican Regulator
Mexico >> 8/30/2023 - The Trion field development plan (FDP) has been approved by the Mexican regulator, Comision Nacional de Hidrocarburos (CNH).

Woodside’s final investment decision (FID) to develop the Trion ...
Senegal to Receive €50m from Africa Finance Corporation to Boost Oil & Gas Industry
Senegal >> 8/9/2023 - Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oil fiel...
The Brasse Project Continues with OKEA as Operator
Norway >> 8/9/2023 - OKEA ASA: The partners in the Brasse license have agreed on a fast-track development concept for the oil and gas discovery, paving the way for detailed design studies to link up with the Brage field. ...
Automated Reporting of Faults and Incidents
Norway >> 8/8/2023 - On commission from the Petroleum Safety Authority Norway (PSA), SINTEF has conducted a study to shed light on which systems and processes are necessary for enabling a higher degree of automated report...
Update on LNEnergy and the Colle Santo gas field approvals process
Italy >> 8/7/2023 - Reabold Resources plc , the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to provide an update on developments in the approval...
Development Plan for the Domino & Pelican South Gas Fields Receives Endorsement by the Regulator
Romania >> 8/3/2023 - The National Agency for Mineral Resources has endorsed the Development Plan submitted by OMV Petrom and its partner, Romgaz
OMV Petrom and Romgaz will invest up to EUR 4 bn in the project
...
New Stratus Energy Announces MOU with PDVSA Qualified Private Company
Venezuela >> 8/2/2023 - New Stratus Energy Inc. announces the signing of a MOU with GoldPillar International Fund SPC Ltd. ("GoldPillar"), a private entity organized and existing under the laws of the British Virgin Islands ...

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