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6 January 2021
Getech Group plc ("Getech" or the "Company") Signature of multi-year Globe licence
Getech, a provider of data, knowledge and software to the energy industry, is pleased to announce that it has secured a multi-year licence agreement for its Globe product with a national energy company. The agreement follows completion of the customer's first year as a Globe user and adds £563,000 to…
6 January 2021
Resolution 3D Survey Update
Egdon Resources plc (AIM: EDR, “Egdon”) provides an update on the timing of the 3D seismic survey over the Resolution gas discovery in offshore licences P1929 and P2304. Shell Oil U.K. Limited (“Shell”), the operator of offshore licences P1929 and P2304, has advised Egdon that the marine 3D seismic survey,…
6 January 2021
Onshore Cable Installation Complete for Hornsea Two
Major milestone reached for what will be the world's largest offshore wind far A total of 350,000 meters of cable has been installed across 39km of land in Lincolnshire VolkerInfra, along with its client, Ørsted, has recently celebrated a major milestone for what will become the world’s largest offshore wind…
6 January 2021
Prosafe SE: Update on financial situation and process with lenders
Prosafe refers to the information on its financial status and process with lenders that has been provided over time, last on 1st October 2020.The company's creditor discussions continue, and the target remains to agree a sustainable financial solution on a consensual and cost efficient basis as early as possible. It…
6 January 2021
Prosafe SE: Contract for Safe Concordia in 2021
Prosafe has signed a contract to provide accommodation and construction support using the Safe Concordia in Trinidad and Tobago in Q2 2021.
6 January 2021
Westmount Energy Limited Commencement of drilling operations at Bulletwood-1 Canje Block, offshore Guyana
Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) is pleased to note the announcement by the Maritime Administration Department, Guyana, dated 1 st January 2021, that the Stena Carron drillship has arrived on location at the Bulletwood-1 wellsite on the Canje Block, offshore Guyana and has commenced drilling operations.…
6 January 2021
McDermott Completes New Capital Raise For $560 Million
McDermott International, Ltd announced that on Dec. 31, 2020, it secured $560 million in new capital. As announced on Nov. 18, 2020, the new capital was provided through a series of transactions which was secured through commitments from certain existing lenders and shareholders. McDermott met all conditions necessary to close…
6 January 2021
CIMC Raffles and Huadian Heavy Industries Signed Strategic Cooperation Agreement on Offshore Wind Power and Offshore Equipment
CIMC Raffles and Huadian Heavy Industries Co. Ltd. held a signing ceremony of "Comprehensive Strategic Cooperation Agreement on Offshore Wind Power and Offshore Equipment" in CIMC Offshore Engineering Institute participated by representatives from both companies. Huadian Heavy Industries Co., Ltd., one of the largest offshore engineering general contracting companies in…
6 January 2021
EMGS: Vessel Activity and multi-client sales update for the fourth quarter 2020
Electromagnetic Geoservices ASA (the "Company" or "EMGS") releases information on vessel activity and multi-client sales during the quarter 4-5 working days after the close of each quarter. At the end of the fourth quarter 2020 the Company had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian was cold…
5 January 2021
Eni and SNOC announce production start-up from Mahani Field in Sharjah Emirate (UAE)
Eni and Sharjah National Oil Corporation (SNOC) are pleased to announce production start-up from the Mahani field, located in onshore Concession Area B of the Sharjah Emirate. This is the first step in the further evaluation of the Mahani gas and condensate discovery, announced last January, that is estimated to…
5 January 2021
Eni: new oil discovery and new production in the Western Desert of Egypt
Eni announces a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production. The well encountered 85 feet of…
5 January 2021
Boskalis Bolsters Market Position In Subsea Services Through Acquisition Rever Offshore
Boskalis announces the acquisition of all the shares of Rever Offshore’s subsea services business (‘Rever’). Rever, formally known as Bibby Offshore, offers a broad range of solutions in the area of subsea construction, inspection, repair and maintenance. Rever has historically operated in the North Sea out of Aberdeen (United Kingdom)…
5 January 2021
Drilling permit for well 16/4-13 S in production licence 359
The Norwegian Petroleum Directorate has granted Lundin Energy Norway a drilling permit for well 16/4-13 S, cf. Section 15 of the Resource Management Regulations. Well 16/4-13 S will be drilled from the West Bollstad drilling facility in position 53°43'40.23"N and 02°09'08.95"E after concluding the drilling of wildcat well 7219/11-1 for…
5 January 2021
Equinor – consent for use of Island Wellserver in 2021
Equinor Energy (Equinor) have been the extension of consent to use the Island Wellserver well intervention facility in 2021. This consent is an extension of an existing consent. The consent applies to the use of Island Wellserver for light well intervention on fields in the North Sea, Norwegian Sea and…
5 January 2021
SDX Energy Trading and Operations Update and Commencement of South Disouq SD-12X Well - First Gas Six Weeks Ahead of Schedule
SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, is pleased to provide an update on the South Disouq SD-12X well achieving first gas, its unaudited operating results, cash and liquidity position for the twelve months ended 31 December 2020 and its planned drilling campaigns for 2021. All…
5 January 2021
Bayu-Undan infill development FID
Santos, as operator of the Bayu-Undan Joint Venture, today announced a Final Investment Decision for the US$235 million Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea, offshore Timor-Leste. The program comprises three production wells (two platform and one subsea) and will develop additional natural gas…
5 January 2021
IGas Energy plc (AIM: IGAS) ("IGas" or "the Company") Business Update
IGas announces a general business update following conclusion of the Reserve Based Lending facility (RBL) semi-annual recalculation. The Company has completed the RBL redetermination exercise confirming US$31.7 million (£24.0 million) of debt capacity and current headroom of US$11.7 million (£8.9 million). As at 30 November 2020 cash balances stood at…
4 January 2021
BW Offshore: Contract extension for Abo FPSO
BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until end Q4 2021, with options until Q2 2023.
4 January 2021
Total enters a new operated exploration permit in Egypt
An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea. This exploration…
4 January 2021
Shah Deniz begins gas deliveries to Europe
The Shah Deniz consortium today announced commencement of commercial gas deliveries to Europe from the Shah Deniz gas field in the Caspian Sea offshore Azerbaijan via the newly-completed Southern Gas Corridor (SGC) pipeline system. The start of gas deliveries through the final section of the SGC – the Trans Adriatic…
4 January 2021
Yme New Development project update
OKEA ASA (“OKEA” or the “Company”) is pleased to announce that the onshore work on the production unit for the Yme field – the Mærsk Inspirer jack-up rig – has been completed and the rig has been safely installed at the Yme field. Following sail away from the Aker Egersund…
4 January 2021
Sval Energi AS continues to grow through the acquisition of Edison Norge AS
Sval Energi AS has signed an agreement to acquire Edison Norge AS. The transaction will increase the reserve base of Sval, adding net 25 mmboe (with 57% gas) in line with the company’s growth ambition. Sval’s portfolio will be enhanced by the development asset Dvalin (10%) and by increasing its…
4 January 2021
Polarcus Awarded 3D Project In Asia Pacific
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that a letter of award has been received for providing 3D seismic data acquisition services in Asia Pacific. The project has an expected duration of 2.5 months and is scheduled to commence in Q1 2021, subject to relevant approvals.
4 January 2021
i3 Energy plc ("i3" or the "Company") UKCS Licence P.1987 Determination and Appointment of Broker
i3 Energy plc, an independent oil and gas company with assets and operations in the UK and Canada announces the following update regarding UKCS Licence P.1987. UKCS Licence P.1987 reached the end of its two-year second term on 31st December 2020 and as per the terms of the licence it…
4 January 2021
Cambodia’s maiden Apsara oil field comes onstream
– KrisEnergy Ltd. (“KrisEnergy” or the “Company”) is pleased to announce that Cambodia’s first oil field in the offshore Cambodia Block A concession, commenced production on 28 December 2020. The Apsara field began flowing from a single development well and the flow rate will take at least 24 hours to…
24 December 2020
CDP, Eni and Snam sign an agreement for the decarbonisation of the energy system
Cassa Depositi e Prestiti (CDP), Eni and Snam, confirming their shared commitment to decarbonisation, have signed a Letter of Intent to start a strategic collaboration for the energy transition. The agreement, signed by the CEOs of CDP, Fabrizio Palermo, of Eni, Claudio Descalzi, and of Snam, Marco Alverà, provides that…
24 December 2020
ADNOC Awards Eni and PTTEP Consortium the First Offshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round
Italy’s Eni and Thailand’s PTTEP awarded exploration concession for Offshore Block 3 and will invest up to AED1.51 billion ($412 million) during the exploration phase In the event of a commercial discovery, the consortium will have the right to a production concession for a term of up to 35 years…
24 December 2020
Power Purchase Agreement signed for Humber Gateway Offshore Wind Farm
RWE Renewables signed a Power Purchase Agreement (PPA) with E.ON UK under which the company will offtake 100% of the electricity produced by the Humber Gateway Offshore Wind Farm from 2022 until 2035. This includes the Renewable Obligation Certificates (ROCs) from the plant. The contract directly follows on from the…
24 December 2020
GE'S Haliade-X 14MW Turbine To Debut At Third Phase Of Dogger Bank
Dogger Bank Wind Farm and GE Renewable Energy have today confirmed GE as preferred turbine supplier for Dogger Bank C, announcing at the same time plans to pioneer the upscaled 14MW Haliade-X turbine for this phase. The 14MW Haliade-X is an upscaled version of the 13MW Haliade-X, the most powerful…
24 December 2020
Siemens Gamesa powers carbon-free future with green hydrogen, crucial to decarbonizing polluting industries
Siemens Gamesa continues to play a pivotal role in the energy transition by investing in the potential of green hydrogen to drive the decarbonization of transport and heavy industry. The company is developing the world’s first project capable of producing green hydrogen directly from wind, in “island mode”; it can…
24 December 2020
Siemens Gamesa strikes 465 MW mega deal in Brazil for its most powerful onshore wind turbine
SSão Vitor Wind Farm is expected to be commissioned by the end of 2022 and will consist of 75 SG 5.8-170 turbines, boasting one of the largest rotors on the onshore market Deal is largest ever for the Siemens Gamesa 5.X platform and for the company in Brazil, and includes…
24 December 2020
Petrobras on new well in Búzios field
Petrobras informs that it has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest o Búzios field in the Santos Basin. The well is located 188 km from the city of Rio de Janeiro and was drilled at a water depth of 1,850 meters.…
24 December 2020
As 2021 will bring the largest crude deficits in years, a window of opportunity opens for producers
The Covid-19 pandemic has devastated crude and condensate demand in 2021, creating massive supply surpluses and filling up inventories, causing producers to slash output in order to keep prices at somewhat profitable levels. Rystad Energy’s latest balances, however, show that 2021 could offer producers a window of opportunity, as monthly…
23 December 2020
Results from N-Sea and SMD tests prove revolutionary new cable technology
World-leading subsea robotics design and manufacturing specialists, Soil Machine Dynamics (SMD) has partnered with Dutch subsea contractor N-SEA to successfully prove ground-breaking new subsea technology that could change the future of cable construction. ARTEMIS Survey is the new high-frequency electromagnetic cable and pipeline survey system tested in live environments by…
23 December 2020
Rotech Subsea secures phase two cable trenching contract at Taiwan OWF
Subsea trenching and excavation pioneer, Rotech Subsea, has secured a contract for a second phase of vital infrastructure works at a state-owned wind farm in offshore Taiwan - and at the same time has secured a commission to supply an additional spread of equipment for a wholly new campaign for…
23 December 2020
Sif and Van Oord sign Contract for the Fabrication and Supply of Monopiles for the Hollandse Kust Noord Offshore Wind Project
Sif Holding n.v. will manufacture 70 TP-less design monopiles (65 kton steel) for Van Oord. Van Oord is contracted by operator CrossWind for the construction of the 759 MW project Hollandse Kust Noord in The Netherlands. CrossWind is a joint venture between Shell and Eneco. Sif’s scope comprises manufacturing of…
23 December 2020
Update on Lease and Operate backlog
SBM Offshore reports a contractual lease extension for FPSO Espirito Santo in Brazil and expects a potential increase in the lease duration for FPSOs in Guyana. SBM Offshore will present an updated pro-forma backlog, taking into account the most recent developments, along with its Full Year 2020 Earnings. SBM Offshore…
23 December 2020
MODEC obtains Approval by ABS for New Offshore Repair Method for Hull Structures of Floating Production Facilities
MODEC, Inc. (“MODEC”) is pleased to announce that in December 2020, it obtained an approval by the American Bureau of Shipping (“ABS”) for the new offshore repair method which has been developed jointly with Toray Industries, Inc. (“Toray”) for hull structures of floating oil and gas production facilities such as…
23 December 2020
Contract awarded for advanced cable connecting wind farm and converter station at sea
TenneT uses the further developed 1,200 square millimeters cable conductor cross-section offshore the first time Cable with 100 kilograms per meter enables more efficient single connections Three-phase current cables will connect wind farms with TenneT’s converter platform HelWin beta and DolWin kappa ZTT wins tender for this two 155kV-AC offshore…
23 December 2020
RWE to supply Ineos with green electricity and support it in reaching its climate protection targets
10-year Power Purchase Agreement signed for 198 gigawatthours of renewable energy Electricity to be supplied from 2021 onwards from the Northwester 2 wind farm in the Belgian North Sea Green power supply to save 745,000 tonnes of CO2 at INEOS sites in Belgium Essen, 17 December 2020 RWE Supply &…
23 December 2020
Shell announces the sale of a minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners
The Common Facilities are currently 100% owned by Shell and include LNG storage tanks, jetties and operations infrastructure that service QCLNG’s LNG trains. Upon completion of the transaction, Shell will remain majority owner and operator of the Common Facilities. This decision is consistent with Shell’s strategy of selling non-core assets…
22 December 2020
Bahamas Petroleum Company plc ("BPC" or the "Company") Commencement of the Drilling of Perseverance #1 Well
· Drilling of the Perseverance #1 well has commenced. The well was 'spud' on 20 December 2020, at 06.30 EST. The well is anticipated to take 45 - 60 days to complete · Perseverance #1 is targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44…
22 December 2020
PGS Delivers Final Products for Santos Vision
PGS has completed the final phase of its Santos Vision MultiClient seismic data revitalization project. The latest data covers areas to be included in the Brazil Transfer of Rights Round in 2021. Nearly 49 000 sq. km of seismic data from 13 separate surveys have now been reprocessed into a…
22 December 2020
Shelf Drilling announces sale of Shelf Drilling Journey jack-up rig to ADNOC Drilling
Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announces that one of its subsidiaries (“Seller”) has entered into a definitive agreement with ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), to sell the Shelf Drilling Journey jack-up drilling rig for a total consideration of…
22 December 2020
The Netherlands and Denmark explore opportunities for offshore energy hub together
The Netherlands and Denmark have signed an agreement of intent in which they agree to have TenneT, Gasunie and Energinet carry out further research into a joint energy hub in the North Sea. "Denmark is an important partner for the Netherlands when it comes to climate and energy. Both countries…
22 December 2020
SeaRenergy to support Ailes Marines in consortium with Atos in securing Saint-Brieuc offshore wind farm in Brittany, France
A consortium led by Atos has been selected by Ailes Marines – a company 100% owned by Iberdrola, in charge of the construction, installation and operation of an offshore wind farm in the Bay of Saint-Brieuc, France – to ensure marine coordination activities and implement mission critical communications solutions for…
22 December 2020
Alpha Marine Undertakes Key Survey For Arklow Bank Wind Park Offshore Project
SSE Renewables has reached yet another major milestone in its delivery of Phase 2 of the 520MW Arklow Bank Wind Park project off Ireland’s Co. Wicklow coast with the recent completion of a detailed offshore geomorphology survey. SSE Renewables appointed local Co. Wicklow contractor Alpha Marine to undertake the bathymetric…
22 December 2020
Oil discovery north of the Heidrun field in the Norwegian Sea – 6507/5-10 S
ConocoPhillips Skandinavia AS, operator of production licence 891, is in the process of completing the drilling of wildcat well 6507/5-10 S. The well was drilled about 23 kilometres north of the Heidrun field in the Norwegian Sea and 220 kilometres west of Brønnøysund. The objective of the well was to…
22 December 2020
Improving recovery from Statfjord Øst
Equinor and its licence partners have decided to invest NOK 3 billion in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent. Written notification of material changes to the Plan for Development and Operation Statfjord Øst was submitted to the Ministry of Petroleum…
21 December 2020
Talon grows Noth Sea portfolio with three new licence awards
Talon Petroleum Limited (“Talon” or the “Company) is pleased to announce that it has been awarded three new exploration licences in the UK Central North Sea (UKCS). The new licence awards were part of the recent 32nd Offshore Licensing Round offered by the UK Oil and Gas Authority. This recent…