Argus Oil’s Post

Energy Finder Ltd (ASX:FDR) managing director Damon Neaves joins Proactive’s Tylah Tully to discuss its acquisition of a 76% interest in PSC 19-11, offshore Timor-Leste. This transaction transforms Finder into a developer with 34 million barrels (net) of discovered oil. The company is prioritising the fast-tracked development of the Kuda Tasi and Jahal Oil Fields, aiming to reach Final Investment Decision (FID) and first oil promptly. Resources have been mobilised to ensure the swift execution of these development plans. The Government of Timor-Leste, along with the regulator ANP and joint venture partner TIMOR GAP, has shown strong support for Finder's development strategy. This acquisition marks a critical step in Finder's growth, positioning the company as a key player in Timor-Leste's energy sector. A signing ceremony is scheduled in Dili on September 6, 2024, which will be attended by government... Watch at #Proactive #ProactiveInvestors http://ow.ly/l7oR105Hu6k

EMPIRE EXECUTES BINDING COMMITMENT LETTERS FOR A$65 MILLION BEETALOO FINANCING PACKAGE • A$30 million R&D Facility will fund exploration, appraisal and development activities including Carpentaria-5H and construction of infield infrastructure representing an upsizing and maturity extension of existing A$2.25 million facility • A$5 million Performance Bond Facility to meet Empire’s Northern Territory environmental bonding obligations • New A$30 million Midstream Infrastructure Facility to finance refurbishment and construction of the Carpentaria Gas Plant and associated infrastructure • Empire is currently drilling ahead in the vertical section of the intermediate hole at Carpentaria-5H at a depth of 770 metres MD • Cash at bank has increased to A$34.8 million following receipt of A$1.3 million from the Australian Taxation Office for September 2024 BAS Read the full ASX announcement here: https://lnkd.in/gkn5Ki_i #eeg #empireenergy #gas #beetaloo #news #nt #carpentaria #northernterritory #australia Alex Underwood

#BreakingNews: Wintershall Dea's E&P business, excluding Russia-related activities, has been transferred to Harbour Energy as of 3 September 2024. The transfer includes production and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon storage licenses (CCS). This significant step transforms Harbour Energy into one of the world’s largest and most geographically diverse independent oil and gas companies. #EnergyConnects #energynews #energyindustry #news #oott #oilandgasindustry

🥁🥁We are pleased to announce that our parent company, ABL Group, has entered into an agreement to acquire 100% of specialist energy consultancy Moreld Ross Offshore. Full press release 📢 👉🏼 https://lnkd.in/dyWeb6bg Upon completion of the acquisition, Ross Offshore will merge with AGR, consolidating both companies’ recognised expertise in #wells and #reservoir engineering and consulting, creating a broader offering, and a stronger leading position for further growth into new markets globally. "As oil & gas companies have continued to grow over the years, we too need to expand our capacity and competence to ensure that we can provide the best possible support to our clients through the challenges they face. We are commited to growing with our clients to drive safety and efficiency in their operations in both current and new markets worldwide," comments AGR CEO Svein Sollund. About Ross Offshore 👇🏼   Established in 1997, Ross Offshore is a Norwegian consultancy providing market-leading expertise in #drilling and #wellmanagement, #subsurface services including #TechnicalDueDiligence, #EnergyTransition technologies #CCS and #Geothermal, resource consultancy and #MarineOperations consulting.    This acquisition will also...👇🏼   ➡ Consolidate our resource consultancy business, expanding our offering to the #OilandGas industry, whilst providing a stronger platform to develop into the #RenewableEnergy and #OffshoreWind sector  ➡ Expand our capabilities and track-record in #CCUS and #geothermal technologies  ➡ Create a stronger platform for the global growth of Ross Offshore and AGR's unique expertise in wells and reservoirs. The acquisition is expected to be completed in late Q2 or early Q3 of this year.    #EnergyandOceans #GlobalPartnerLocalExpert 

Tamboran Resources Corporation (OTC:TBNRF, ASX:TBN) has signed a “transformational” sales agreement to supply Australia's Northern Territory with gas from the proposed Shenandoah South Pilot Project in the #BeetalooBasin amounting to around two-thirds of the Territory’s current daily #gas requirements. The long-term #GasSalesAgreement (GSA) will see the Beetaloo Joint Venture (BJV) of Tamboran (B2) Pty Ltd and Falcon Oil & Gas Australia Ltd supply the NT Government with 40 TJ per day for an initial term of nine years starting in the first half of 2026. This equates to approximately 19 TJ per day net to Tamboran and the nine-year amount to a 131.4 PJ total with approximately 62.4 PJ net to Tamboran. The NT Government also has an option to extend the GSA for a further six-and-a-half years through to 2042. More at #Proactive #ProactiveInvestors #OTC #ASX #TBNRF #TBN #energysecurity http://ow.ly/cbur105qpYm

New West Ludwigshafen Hydrogen Economy( i.e. DOW in Edmonton) for energy/food sovereignty (New West=BC/AB/SK/MB): Forget the feds – build a Ludwigshafen Hydrogen Economy in the new west that supports the decarbonization of the reindustrialization of north America. NET Power/8RH2 are perfect for the New West's use & for its export of LNG to help the world reduce its emissions by using natural gas to generate 0 emissions electricity via NET Power & hydrogen/ammonia economy via 8RH2 via the energy genius of Rodney Allam! The other approach that can support the production of 'pink hydrogen' in the new west is the use of SK uranium with new CANDU Monark reactors that may also be relevant to the oilsands of AB/BC. The bonus of course is that no enriched uranium is required in CANDU reactors. Hydrogen produced in the new west can be used in Ballard or Cummins hydrogen powered vehicles like Winnipeg based Versatile is doing with their tractors. And finally climate change is a global issue to be solved not a national political opportunity. In the spirit of that goal of best responding to climate change is the suggestion that the New West adopt Allam's philosophy that you should eliminate the emissions in the use of oil and gas, NOT the oil and gas industry itself!!

Myerson raises a crucial point highlighting the UK's heavy reliance on oil and gas, with a significant portion being imported. The decision on domestic production versus importation carries substantial implications, not only for energy security but also for economic and environmental factors. #ithacaenergy #ithaca #eni #oilandgas #ukenergy #northsea

Will S. American off shore oil production exceed Gulf Coast oil production in 5 years with $189 billion in CAP Ex ? South America is expected to see strong momentum in final investment decision (FID) activity out to 2030. The region leads in the cumulative conventional greenfield capex spent on the oil fields between 2020 and 2030, totaling $189 billion, majorly attributable to the offshore deepwater segment.

UKOG secures funding for strategic hydrogen storage site in East Yorkshire: UK Oil & Gas (UKOG) has raised £500,000 ($632,000) from investors to purchase land in East Yorkshire for a salt cavern hydrogen storage site. #hydrogen #HydrogenNow #H2View

Will Holland, CEO of Europa Oil & Gas Plc (AIM:EOG), presented various aspects of the company's current operations and future prospects at the Proactive One2One Investor Forum. The company has three types of assets: cash-generative existing production, appraisal opportunities, and infrastructure-led exploration. Holland emphasised a significant investment opportunity at York for gas. Europa operates four producing fields in onshore UK, with most value from the Russell field. Plans are underway to expand production at this site. Holland also highlighted the Clausen discovery in North Yorkshire Moors, which has significant potential despite historical challenges. The company is negotiating with the Duchy of Lancaster for drilling access and is preparing for a 3D seismic survey to finalise drilling locations. In the North Sea, Europa is working with partners on an appraisal field. In Ireland, they hold a... Watch at #Proactive #ProactiveInvestors http://ow.ly/4FVz105vuPe