Page 27 - Offshore Technology News Today

Frontera Energy and its consortium partner GeoPark have made a hydrocarbon discovery on the Perico block, in Ecuador.

The announcement follows rising investor pressure to respond to climate change and impose more ambitious emission-reduction targets.

Woodside has completed the sell-down of a 49% non-operating interest in the Pluto Train 2 joint venture to Global Infrastructure Partners.

The claimants intend to appeal the decision, which allows the Oil and Gas Authority to pursue exploration without considering tax flows.

Wintershall Dea has agreed to sell a 50% stake in the Aguada Federal and Bandurria Norte blocks in Argentina to Vista Oil and Gas for $140m.

NIORDC has signed a memorandum of understanding with private lender Bank Mellat to finance the construction of a strategic oil pipeline.

The report has called for an increase in tax on gas fields in WA, after a year of minimal royalties given to the state.

TotalEnergies and Japan’s Inpex have agreed to sell their stakes in the Angola block 14 B.V. to the local firm Somoil.

Neptune Energy has started gas production from the Adorf Z16 well, located in its 100% owned Adorf Carboniferous gas field in Germany.

The devolved government of Scotland hopes to advance construction of the Acorn CCS plant by supplementing £80m of funding.