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UAE: ADNOC and Korea's GS Energy explore opportunities to grow Abu Dhabi's hydrogen economy

UAE: ADNOC and Korea’s GS Energy explore opportunities to grow Abu Dhabi’s hydrogen economy
05 Mar 2021
Companies sign agreement to collaborate on potential development of new value chains for blue hydrogen and carrier fuels, such as blue ammonia, in Abu Dhabi
Agreement reached during the UAE’s virtual business trip to Republic of Korea where UAE Minster of Industry and Advanced Technology met with business leaders and Republic of Korea Minister of Trade, Industry and Energy
Areas of discussion included possible areas for further economic partnership, the global climate challenge, the promise of hydrogen and industrial cooperation to build on the two nations’ many years of strong bilateral ties ....

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CGG announces Q4 and full year 2020 results

CGG has announced its fourth quarter and full year 2020 audited results. The Company finished the year with solid fourth quarter operational performance. In 2021, CGG expects its performance to benefit from the proactive cost reduction actions and gradually strengthen in the second half of the year, delivering positive net cash flow in 2021. ....

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Trinidad: Touchstone announces 2020 year-end reserves and operational update

Trinidad: Touchstone announces 2020 year-end reserves and operational update
05 Mar 2021
Touchstone Exploration has announced a summary of its 2020 year-end reserves and provided an operational update.
Our independent reserves evaluation was prepared by GLJ Ltd with an effective date of December 31, 2020. Highlights of our total proved ( 1P ), total proved plus probable ( 2P ) and total proved plus probable plus possible ( 3P ) reserves from the Reserves Report are provided below. All finding and development ( F&D ) costs below include changes in future development capital ( FDC ). Unless otherwise stated, all financial amounts referenced herein are stated in United States dollars. Financial information contained herein is based on the Company s unaudited results for the year ended December 31, 2020 and is subject to change. ....

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Brazil: PetroRio acquires additional interest in the Wahoo field from Total

PetroRio has announced the signing of an agreement with Total for the acquisition of a 28.6% interest in the BM-C-30 Block ( Wahoo field ). ....

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UK: OGA receives an application for a Carbon Dioxide Appraisal and Storage Licence in the Southern North Sea

On 5 March 2021 the Oil and Gas Authority (OGA) published a notification that it has received an application for a Carbon Dioxide Appraisal and Storage Licence in the Southern North Sea of the United Kingdom Continental Shelf. ....

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