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25 January 2021
Rampion 2 wind farm extension opens informal consultation
The Rampion 2 team has launched a four-week informal consultation this week [January 14], to raise awareness and seek feedback on their initial proposals to expand the Rampion Wind Farm off the Sussex coast. A full and formal consultation will follow later in the year, ahead of submission of a…
25 January 2021
LOC China wins eighth Offshore Wind Farm contract in 2020
LOC, part of the AqualisBraemar LOC Group, is pleased to announce its China subsidiary (“LOC China”) recently won a contract to provide Marine Warranty Survey (“MWS”) services for the transportation, installation and construction operations to the Xuwen OWF, offshore South Guangdong, China. The contract, which was signed at the end…
22 January 2021
OPEC+ protectionism is helping the US shale industry find 32% more CFO to boost spending in 2021
The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed the $50 mark. The positive effect on oil prices is set to create a chain…
22 January 2021
Havila Shipping ASA: Charter contract with Nexans Norway for Havila Phoenix
Havila Shipping has entered into a charter contract with Nexans Norway AS for the subsea vessel Havila Phoenix. The contract is for a firm period of 90 days with optional periods of 90 days. Commencement is planned to during April 2021.
22 January 2021
HitecVision/NEO Energy enter exclusive negotiations to purchase ExxonMobil’s upstream assets in the central and northern North Sea
HitecVision/NEO Energy have entered exclusive negotiations to purchase ExxonMobil’s upstream assets in the central and northern North Sea, which, if successful, are expected to result in a signed sales agreement in the first quarter, with close later in the year.
22 January 2021
Mubadala Petroleum signs Concession Agreement for Red Sea Block 4 in Egypt
Eng. Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, has signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4 (“Block 4”), with an area estimated at 3084 km2, owned by the South Valley Egyptian Petroleum Holding Company (Ganope). The…
22 January 2021
OGA to sponsor Recovery Factor studies
The Oil and Gas Authority (OGA) and EBN are inviting applications from MSc students with data analytic background supported by their universities to study existing data on oil and gas field recovery factors and create benchmarks. The benchmarks will be used to predict the performance of current and future reservoirs…
22 January 2021
Energean announces NEA/NI Final Investment Decision
Energean plc is pleased to announce that Final Investment Decision has been taken on the North El Amriya and North Idku (“NEA/NI”) concession subsea tieback project inn offshore Egypt. The NEA concession contains two discovered and appraised gas fields (Yazzi and Python) while the NI concession contains four discovered gas fields, one…
22 January 2021
Allseas selects Seatools for deep-sea mining equipment
Allseas has awarded subsea technology company Seatools the contract for the delivery of the complete electrical, hydraulic, and control system for Allseas’ deep-sea mining nodule collector. The project is part of Allseas’ development program to realize advanced deep-water equipment for the gathering of polymetallic nodules from the ocean floor in…
22 January 2021
Kongsberg Maritime To Supply Equipment To World's Largest Floating Offshore Wind Farm
Kongsberg Maritime is pleased to announce that it will be supplying key positioning and monitoring equipment to Equinor’s Hywind Tampen floating wind farm, as part of a contract with industrial solutions provider Wood PLC. The 88MW installation is the first of its type to be installed to supply renewable energy…
21 January 2021
Spirit Energy Wins New Exploration Licences
Spirit Energy has won 3 new licences in the Awards in Predefined Areas (APA) round on the Norwegian Continental Shelf (NCS). Spirit Energy Exploration Manager Marianne Bruvoll said: “We need more exploration acreage, particularly close to existing infrastructure and in mature areas.” In the APA 2020 round Spirit Energy has…
21 January 2021
JDR Wins First Subsea Tieback Work in Malaysia
JDR, the global subsea umbilical supplier and servicer, owned by the TFKable Group, has been awarded a contract with UMD Energy to manufacture and supply a 2.7km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia. The umbilical will provide the vital connection from the unmanned…
21 January 2021
Prosafe SE: Operational and financial update Q4 2020
Prosafe and EnQuest agreed on a settlement of the cancelled contract for the Safe Zephyrus in 2020 with EnQuest paying Prosafe an adequate compensation. The Safe Zephyrus is currently conducting her five-yearly special periodic survey at Averøy yard in Norway and preparing for the upcoming contract at the Shearwater platform…
21 January 2021
Dolphin Drilling Secures A New Deal in Norway
The work, scheduled to commence in the Norwegian Continental Shelf during Q3 2021, include drilling of the Fat Canyon well in the Norwegian Sea with an estimated duration of 40 days. Erik Magnesen, General Manager and CFO of INEOS E&P Norge AS said: “We are delighted to have partnered with…
21 January 2021
EnQuest PLC, 21 January 2021 Bressay transaction completion
EnQuest PLC (together with its subsidiaries, 'EnQuest'), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), is pleased to announce that the previously announced Bressay transaction has completed. As a result, EnQuest has a 40.81% interest in Bressay and…
21 January 2021
OFAC License Renewal and Corporate Update
Serica Energy plc (AIM: SQZ) is delighted to announce that it has received a renewed License and secondary sanctions assurance from the US Office of Foreign Assets Control (“OFAC”) relating to the North Sea Rhum field, in which the company has a 50% interest. The License and assurance will allow…
21 January 2021
Hibiscus Petroleum Executes Licence Agreements Pursuant to the 32nd United Kingdom Offshore Licensing Round Awards
Hibiscus Petroleum Berhad (“Hibiscus Petroleum” or “the Company”) is pleased to announce that following the earlier disclosure made on 3 September 2020, the UK Oil and Gas Authority (“OGA”) has on 19 January 2021 advised that 2 Licence Agreements (“Agreements”) pursuant to the OGA’s offer for award received by Anasuria…
21 January 2021
The UK offers operators best profit conditions to develop big offshore fields; Kuwait, Canada follow
This year marks the beginning of a recovery after a disappointing 2020, when the Covid-19 pandemic caused sanctioning of offshore projects to dip to $44 billion from $99 billion the year before. Rystad Energy projects offshore sanctioning to rebound to at least $56 billion in 2021 and keep rising to…
20 January 2021
Rovco Signs Subsea Contract for Beatrice Offshore Wind Farm
Rovco is now in contract to perform subsea work on Scotland’s largest operational Offshore Wind Farm, Beatrice. Managed from our recently established base in Edinburgh, we will carry out a campaign of inspection and survey work across nominated subsea jacket locations on the wind farm, including Export and Inter-Array cables…
20 January 2021
Contract Award for PSV in UK
Solstad Offshore ASA is pleased to announce that the PSV Sea Forth has been awarded a term contract with a UK Operator to support their assets in the UK North Sea, commencing April 1st, 2021. The contract is for an initial one year firm period, with two optional years included.
20 January 2021
Island Contender - in operation for Lundin Energy
The jackup rig Rowan Viking has returned to Edvard Grieg and is now connected to the production platform on the field. The platform at Edvard Grieg does not have its own drilling tools, hence it uses this cantilever jackup rig to drill through its platform deck. With Rowan Viking in…
20 January 2021
Aker ASA: Aker Horizons Acquires Mainstream Renewable Power to Create a Renewable Energy Major
Aker ASA (“Aker”) announced that its wholly owned subsidiary, Aker Horizons AS (“Aker Horizons”), has agreed to acquire 75 percent of Mainstream Renewable Power (“Mainstream”), a leading independent renewable energy company within onshore and offshore wind and solar (the “Transaction”). The Transaction values the current equity of Mainstream at EUR…
20 January 2021
Fugro Wins Multidisciplinary Contract on Germany's Suedlink Renewables Powerline
Vössing Engineers have awarded Fugro a geotechnical and water consulting contract to support the route planning, permitting and installation of 106 km of underground power cables on Section 2 of Germany’s new Suedlink powerline. Offshore wind farm Approximately 700 km long and due to be completed by 2028, the new…
20 January 2021
Acquisition of interest in Beatrice offshore wind farm in the UK
The Board of TRIG is pleased to announce that the Company has exchanged contracts to acquire an equity interest of 17.5% in Beatrice offshore wind farm ("the Project") from Copenhagen Infrastructure Partners ("CIP"). Beatrice is a 588MW offshore wind farm developed by SSE plc using Siemens turbines, has an established…
20 January 2021
Cairn Energy Pre-Close Update
Production Highlights Combined 2020 oil production net to Cairn from the Catcher (Cairn 20% WI) and Kraken (Cairn 29.5% WI) fields averaged just over 21,000 bopd, in line with guidance Full year oil production, net to Cairn, for 2021 is estimated to be 16,000 – 19,0001 bopd Corporate and Finance…
20 January 2021
Exploration Success in the U.S. Gulf of Mexico
Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration (“ILX”) well (Kosmos working interest 17.5%). Winterfell was designed to test a sub-salt Upper Miocene prospect located in Green Canyon Block 944. The well encountered approximately 26 meters (85 feet)…
19 January 2021
Equinor awarding framework contracts for integrated wireline services
Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts for supplying integrated wireline services within well intervention to Equinor’s fixed platforms. The estimated total value of the contracts is close to one billion NOK per year, and the contracts are awarded for a fixed period of…
19 January 2021
Wood partners with Spirit Energy on late life solutions for Morecambe Bay gas fields
Wood has entered into a new agreement with Spirit Energy to partner on the delivery of late life solutions for the Morecambe Bay gas fields, one of the UK’s largest gas accumulations. The five-year consolidated services contract, valued at $130 million, will see Wood leverage its experience and capability in…
19 January 2021
APA 2020: 30 companies offered ownership interests
30 companies have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020. The authorities assessed applications from a total of 33 companies during autumn 2020. Of the 61 production licences, 34 are in the North…
19 January 2021
Relinquishment of exploration block SS-11 in Bangladesh
KrisEnergy Ltd. (“KrisEnergy” or “the Company”), an independent upstream oil and gas company, announces that the Bangladesh authorities have approved, on 13 January 2021, the relinquishment of the entire block SS-11 area over the Bay of Bengal, offshore Bangladesh, and termination of the SS-11 production sharing contract (“PSC”). The relinquishment…
19 January 2021
OMV Petrom: investments of approximately EUR 32 mn in a new drilling campaign in the Black Sea
Two new development wells are being drilled in the shallow waters of the Istria block OMV Petrom invested over EUR 500 million between 2014 and 2019 in the offshore production in the shallow waters of the Black Sea OMV Petrom, the largest energy company in Southeastern Europe, initiated a new…
19 January 2021
Lundin – consent for exploration drilling in the North Sea
The Petroleum Safety Authority Norway has given Lundin consent for exploration drilling of well 16/4-13 S in the North Sea.
19 January 2021
Long term contract award for Acergy Viking
Eidesvik Offshore ASA (“Eidesvik”) has been awarded a time charter with Siemens Gamesa Renewable Energy GmbH & Co. KG (“Siemens Gamesa”) for the SOV Acergy Viking. The contract will commence in direct continuation of the current contract extending the firm period until end January 2027. Jan Fredrik Meling, CEO &…
19 January 2021
TenneT scaling up transmission capacity standard to accelerate offshore wind deployment
Offshore wind plays a crucial role in the energy transition. In a growing trend towards more sustainable energy, TenneT is preparing for the new EU climate targets. Europe has recently decided to reduce its carbon footprint by 55% instead of 40% by 2030 compared to 1992. The goal of reaching…
18 January 2021
Future proofing subsea services through remote and autonomous operations
For the past 18 months, Reach Subsea ASA (Reach) has been developing new and future-proof, sustainable solutions for subsea services. The project, named Reach Remote, is carried out in cooperation with renowned industrial partners Kongsberg Maritime and Massterly, and is also supported by a grant from Innovation Norway. The first…
18 January 2021
Application window opens for ScotWind Leasing
From the 15th January 2021 developers will be able to apply for seabed rights to build Scotland’s next generation of offshore wind farms. Having launched ScotWind Leasing in June 2020, Crown Estate Scotland has today opened the application window for registered developers to submit their applications. The closing date for…
18 January 2021
Biggest Dutch project for CO2 reduction, Porthos, is on schedule
Porthos, the project for CO2 capture and storage in Rotterdam, is on schedule to store an annual amount of 2.5 million tonnes of CO2 from the industry in empty gas fields beneath the North Sea as from 2024. By the end of last year, four companies registered for a total…
18 January 2021
SPDC completes sale of interest in Oil Mining Lease 17 in Nigeria
The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc…
18 January 2021
CSV Southern Ocean Secures Contract with Boskalis
CSV Southern Ocean has been awarded a charter contract by Boskalis. Works on this contract are scheduled to commence in February 2021 for a period of approximately two months. Henk van den IJssel, CEO of Oceanteam, says: “I am pleased to secure this contract with Boskalis and further develop our…
18 January 2021
Tulip Oil Holding BV Quarterly Update Press Release 1Q 2021
Tulip Oil Holding B.V. (“Tulip Oil” or the “Company”) is pleased to announce the latest quarterly update on its oil and gas exploration and production businesses in the Netherlands and Germany. Q10-A development by Tulip Oil Netherlands Offshore* Production was shut in entirely until October 13 to allow for scheduled…
18 January 2021
Maersk Drilling selected for two-rig Suriname campaign by Total
Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded contracts for the deepwater rigs Maersk Valiant and Mærsk Developer from Total E&P Suriname, Suriname Branch, for Total’s exploration and appraisal project in Suriname’s Block 58. Mærsk Developer and Maersk Valiant will be employed for an…
18 January 2021
Shelf Drilling Announces Contract Update For High Island VII and Compact Driller
Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced today that it has received a notification from customer on early termination of the contracts for the High Island VII and Compact Driller jack-up rigs. The contract end date for both rigs has been updated to August 2021. The…
15 January 2021
Ørsted signs long-term power purchase agreements with PepsiCo for Nebraska and Texas wind farms
PepsiCo Inc. has signed two agreements with Ørsted to purchase a portion of energy from the 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in Texas. "We're excited to partner with PepsiCo in their efforts to decarbonize their operations," said Vishal Kapadia, Senior…
15 January 2021
The Shelf 2020 – high activity and significant investments
Activity on the Norwegian continental shelf last year remained at a high level, despite the ongoing pandemic. The year has been characterised by high production and significant investments in developments and projects on the fields. Watch the recorded presentation 14 discoveries were made, and 4 new fields came on stream.…
15 January 2021
Lamprell Strategic Reorganisation and Trading Update
Lamprell today announces a strategic reorganisation of its business to increase the Group's focus on renewables and the energy transition, increase alignment with customers and enable the Group to take full advantage of the significant opportunities in its core markets. Lamprell also provides an update on its trading performance ahead…
15 January 2021
Energean plc (“Energean” or the “Company”) Karish North Final Investment Decision and New Term Loan
Energean plc (LSE: ENOG, TASE: אנאג (is pleased to announce that it has taken Final Investment Decision (“FID”) on the Karish North gas development, offshore Israel, 21-months after the announcement of the discovery. In November 2020, DeGolyer and MacNaughton issued an independent Competent Persons Report that, inter alia, certified 2P…
15 January 2021
Equinor and YPF partner with Shell in the CAN 100 block offshore Argentina
Equinor and YPF have today entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block, located in the North Argentinian Basin, offshore Argentina. In October 2019, Equinor farmed in to the YPF CAN 100 block and agreed to take over the operatorship. Equinor…
15 January 2021
Will test floating solar off Frøya
Equinor is already an offshore wind major. Now the company will explore the opportunities within offshore solar power. Together with Moss Maritime the company wants to start testing off the island of Frøya. “If we succeed here, we can succeed anywhere,” says Hanne Wigum. She is the head of the…
15 January 2021
OHT Launch Danish Office to Head WTG Installation
Specialist transport and installation contractor OHT have announced the launch of a new office in the heart of the Danish offshore wind hub, Vejle, as the base for the company’s operational and commercial activity for wind turbine (WTG) installation. OHT Renewables DK A/S will be headed by Tony Millward, who…
15 January 2021
Maersk Drilling receives notice of termination of one-well contract
Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum Denmark B.V. Maersk Drilling receives notice of termination of one-well contract The contract was first announced in Maersk Drilling’s May 2020 Fleet Status Report. Maersk Drilling expects to receive compensation in the form…