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21 December 2020
Reliance and bp announce first gas from Asia’s deepest project
Reliance Industries Limited (RIL) and bp today announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India. RIL and bp are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ –…
21 December 2020
Contract extension for CSV Normand Commander
Solstad Offshore ASA (“Solstad”) is pleased to announce the contract extension for the CSV Normand Commander. Bahia Grande LN S.A. has exercised their option to extend the contract with another 3 years, the contract is now firm until October 2026. The CSV Normand Commander has been on a Bareboat contract…
21 December 2020
Aker Solutions Wins Bid for Ormen Lange Onshore Scope
Aker Solutions has been awarded a letter of intent from Norske Shell for the Ormen Lange Phase 3 (OLP3) onshore project. The scope is to integrate the wet gas subsea compression system with the Nyhamna onshore gas plant in Norway. Subsea compression will enable increased recovery from the Shell-operated Ormen…
21 December 2020
Shearwater GeoServices awarded Western Offshore India 3D campaign by ONGC
Shearwater GeoServices Holding AS (“Shearwater”) today announced the award of a 3D broadband marine seismic acquisition contract by ONGC in the Western Offshore India area. The project is scheduled to commence in Q1 2021. The four-month campaign covers two areas totalling 2,800 sq. km in the Arabian Sea off the…
21 December 2020
DOF Subsea awarded contract in the Atlantic region
DOF Subsea has been awarded multiple new contracts for execution in the North Sea, Mediterranean and Africa. Contracted work include a number of turnkey subsea projects within our core service lines – Survey, Inspection, Maintenance & Repair (IMR) and Construction. The vessels Skandi Acergy, Skandi Skansen, Skandi Neptune and Skandi…
21 December 2020
Go-ahead for Gjøa expansion
The authorities have granted consent for start-up of a subsea installation with two new wells on the Gjøa field in the North Sea. Operator Neptune Energy estimates the project will add 2.4 million standard cubic metres of oil equivalent (15 million bbls o.e.) from Gjøa. Gjøa is a gas and…
21 December 2020
Production figures November 2020
Preliminary production figures for November 2020 show an average daily production of 2 026 000 barrels of oil, NGL and condensate. Average daily liquids production in November was: 1 725 000 barrels of oil, 290 000 barrels of NGL and 12 000 barrels of condensate. On 29 April 2020, the…
18 December 2020
Siemens Gamesa signs 10-year service contract for largest Senvion wind projects in Latin America
Agreement adds 299 MW to Siemens Gamesa’s service portfolio in the region, reaffirming the company's leadership in the Latin American market 10-year, full-scope service deal with Aela Energia for two wind projects in Chile strengthens Siemens Gamesa's position in multibrand service globally Around 1.5 GW of agreements outside of transaction…
18 December 2020
Hurricane Energy plc ("Hurricane" or the "Company”) Operational and Corporate Update
Hurricane Energy plc, the UK based oil and gas company, provides an operational and corporate update. Antony Maris, Chief Executive Officer of Hurricane, commented: “Options to enhance both Lancaster field performance and recovery have progressed considerably in recent months, utilising the revised geological model of the Lancaster field and a…
18 December 2020
Iberdrola reinforces its offshore wind strategy by entering the Polish market
Acquires 50% of Sea Wind to jointly develop 7.3 GW offshore wind pipeline Iberdrola already operates offshore wind farms in the UK and Germany, is working on new developments in the UK, US, France, Japan and Sweden and has a project pipeline of over 20 GW Iberdrola has reinforced its…
18 December 2020
Energean plc (“Energean” or the “Company”) Completion of Acquisition of Edison E&P
Energean plc (LSE: ENOG, TASE: אנאג (is pleased to announce that it has completed its acquisition of Edison Exploration & Production S.p.A. ("Edison E&P") from Edison S.p.A. ("Edison"). The gross consideration1 for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final…
18 December 2020
Polarcus Secures 4D Project In The Far East
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) is pleased to announce a memorandum of agreement has been entered into with SCF GEO, a company in the Sovcomflot group to provide 4D marine seismic acquisition services in the Far East for a major E&P company. The program requires one Polarcus…
18 December 2020
Decision to develop the Gråsel discovery in 2021
Operator Aker BP and the Skarv partners (Equinor, Wintershall Dea and PGNiG) have decided to develop the Gråsel discovery in 2021. The partners approved the final investment decision (DG3) for the Gråsel development on 17 December. The Gråsel reservoir, which extends over seven kilometers and is two kilometers wide, is…
18 December 2020
OKEA ASA - Acquisition of Vette discovery from Repsol
OKEA ASA (“OKEA” or the “Company”) is pleased to announce that the Company has signed a Sales and Purchase Agreement (SPA) with Repsol Norge AS (“Repsol”) for the acquisition of Repsol’s 40% operated working interest in PL 972, which includes the Vette oil discovery, with effective date 1 January 2021.…
18 December 2020
In century’s poorest licensing year, Norway led global awarded acreage, which reached 18-year low
The end of this year is set to make 2020 the year with the fewest concluded licensing rounds of the 21st century, a Rystad Energy analysis shows, as only 43 rounds have been completed so far, with very little upside potential left. Awarded acreage is estimated to be the lowest…
17 December 2020
RWE chooses Van Oord for foundations and array cables at Sofia Offshore Wind Farm
final major preferred supplier selected for RWE Renewables’ largest development Van Oord to establish logistics hub in UK’s North East to deliver the work Scope includes 100 turbine foundations and more than 350 kilometres of array cables RWE, the world’s number two in offshore wind, has advanced the development of…
17 December 2020
Siemens Gamesa and Orsted sign their first U.S. onshore project
Haystack 298-MW wind power project in Nebraska marks first U.S. onshore project between Siemens Gamesa and Orsted following successful alliance in offshore sector Project consists of 51 SG 5.0-145 wind turbines and 18 safe harbor turbines for total of 298 MW and a long-term service and maintenance agreement Project expected…
17 December 2020
Gas Sales Agreements to supply an additional 0.4 Bcm/yr of gas in Israel
Energean plc (LSE: ENOG, TASE: אנאג (is pleased to announce that Energean Israel Limited (Energean 70%) has entered into a new set of agreements and amendments to existing agreements with Rapac Energy Limited and its related companies to supply an additional amount averaging 0.4 Bcm/yr of gas for terms of…
17 December 2020
Award of contract for three PSV's
Solstad Offshore ASA ("Solstad") are pleased to confirm that the PSV Normand Surfer has been awarded a long-term contract with a leading North Sea Operator. The vessel has been contracted for a period of four wells firm, which have an estimated total duration of around 550 days, with two option…
17 December 2020
Equinor awarding Northern Lights contracts
Equinor awards two key contracts worth NOK 1.3 billion in connection with the Northern Lights project. Kværner AS has received a letter of award for the engineering, procurement and construction (EPC) contract for the onshore plant facilities at Energiparken in Øygarden. The onshore plant will receive and store liquid CO2…
17 December 2020
China to be top market for onshore seismic in the next two years; global recovery to wait until 2022
The global onshore seismic market has had a devastating 2020 with a 27% slump in purchase value. Next year is set to be even more painful year as operators’ budget cuts will continue to strain the services sector, before a projected recovery in 2022, a Rystad Energy report shows. China…
17 December 2020
New net zero requirement for UK oil and gas industry
revised Strategy from the Oil & Gas Authority has been submitted for laying in the UK parliament, featuring for the first time an obligation on the oil and gas industry to support the UK’s net zero target Oil and gas are expected to remain a vital part of the UK’s…
17 December 2020
Maersk Drilling’s first low-emission rig shows very promising emission reduction levels after entering operations in Norway
After successfully being converted to a hybrid, low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades. Maersk Intrepid is currently working for Equinor on the Martin Linge field where the ultra-harsh environment jack-up in November this year commenced its first…
16 December 2020
Aker Solutions awarded new Johan Sverdrup contract
Equinor and its Johan Sverdrup licence partners have awarded Aker Solutions the contract for hook-up of the fifth platform on the Johan Sverdrup field. At peak the contract will provide jobs for around 1,300 people and have a value of up to NOK 500 million. Johan Sverdrup phase 2 includes…
16 December 2020
Oxy Low Carbon Ventures Awarded Project Tundra Carbon Storage Consulting Services Contract
Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental (NYSE: OXY), announced today it was awarded a contract to provide Carbon Storage Consulting Services for Project Tundra, an initiative led by Minnkota Power Cooperative, to build the world’s largest carbon capture facility at the Milton R. Young Station – a…
16 December 2020
Vestas wins 234 MW order with EnVentus turbines in the USA
Vestas has received a 234 MW order for two projects in the USA. The two projects consist of 32 V150-4.2 MW turbines delivered in 4.3 MW Power Optimised Mode, 15 V162-6.0 MW EnVentus turbines as well as eight V110-2.0 MW turbines, including 10 MW of previously purchased 2 MW PTC…
16 December 2020
Vestas wins 97 MW order for wind project in Australia
In partnership with Global Power Generation, a subsidiary of the multinational power company Naturgy Group, Vestas has secured a 97 MW deal for the Hawkesdale Wind Farm in Victoria, Australia. The project will feature 23 V136-4.2 MW wind turbines which Vestas will supply and install. Upon completion, Vestas will also…
16 December 2020
Cenovus and Husky shareholders approve proposed business combination
Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) are pleased to announce that securityholders from both companies have voted to support the proposed transaction, announced October 25, 2020, to combine the two companies into a resilient integrated energy leader. On December 15, 2020, Cenovus and…
16 December 2020
Magseis Fairfield awarded deepwater OBN monitor survey in US Gulf of Mexico from Q1 2021
Magseis Fairfield has been awarded a deepwater Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico. The survey is anticipated to start in Q1 2021 and run for approximately three months. The OBN study is for a repeat customer, with nodes to be deployed by ROV at…
16 December 2020
Eni, the Boston Consulting Group and Google Cloud join forces to build a new open digital platform for companies committed to the energy transition
The three companies intend to create the Open-es, a new digital platform open to all players in the energy sector to pool data, best practices and sustainability models throughout the value chain. San Donato Milanese (Milan), 16 December 2020 – Eni, the Boston Consulting Group (BCG) and Google Cloud announced…
16 December 2020
Go-ahead for the Northern Lights project
Following a historic vote in parliament, the Norwegian Government today announced its funding decision for the Northern Lights CO2 transport and storage project. The funding decision demonstrates the Norwegian government's strong support for the development of a Carbon Capture and Storage (CCS) value chain, which is essential if Europe is…
15 December 2020
Aker Solutions Awarded Subsea Contract for Kristin Sør
Aker Solutions has signed a letter of intent with Equinor for the delivery of a subsea production system to the Kristin Sør oil and gas satellite fields in the North Sea. The contract value is about NOK 1 billion, with options for some additional work. The intention is to start…
15 December 2020
China’s growth set to help Asia’s installed offshore wind capacity catch up with Europe in 2025
From almost no offshore wind farms in 2015, Asia’s operational capacity has grown to more than 6 gigawatts (GW) today. Fueled by China’s growth, the continent’s installed base is expected to rise sixfold by 2025, when it will reach 52 GW and be almost on par with Europe, the global…
15 December 2020
Frame Agreement with ExxonMobil in Brazil
Solstad Offshore ASA is pleased to announce that the company has entered into a Frame Agreement with ExxonMobil Exploração Brasil Ltda for the provision of supply vessel services supporting their exploration activities in Brazil. The Frame Agreement is for 3 years firm, and the first call off has been received…
15 December 2020
ENGIE announces 650 MW of renewable energy offtake contracts with Amazon
ENGIE announces several energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the United States, Italy and France totaling 650 MW. These Corporate Power Purchase Agreements (PPAs) will exclusively rely upon renewable energy production facilities developed by ENGIE. For ENGIE, this operation…
15 December 2020
Fugro awarded PETRONAS contract for positioning services in Guyana-Suriname Basin
Fugro in the Caribbean has received a contract award from PETRONAS Suriname E&P B.V. (PSEPBV), a subsidiary of PETRONAS, for the provision of positioning services for an exploration programme in Block 52, off the coast of the capital Paramaribo in the Guyana-Suriname Basin. Fugro Starfix® PETRONAS is a global energy…
15 December 2020
PGS, TGS and CGG Announce Strategic Partnership for shared MultiClient Data Offerings
PGS, TGS and CGG, industry leaders of MultiClient geoscience data, today announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface MultiClient data libraries. This independent, cloud-based ecosystem will offer a single search point to access all three companies’ MultiClient data and allow customers…
15 December 2020
CNOOC Limited Announces Penglai 25-6 Oilfield Area 3 Project Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule. The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters. In addition…
15 December 2020
ExxonMobil announces emission reduction plans; expects to meet 2020 goals
ExxonMobil said today it plans further reductions in greenhouse gas emissions over the next five years to support the goals of the Paris Agreement and anticipates meeting year-end 2020 reductions. ExxonMobil announces emission reduction plans; expects to meet 2020 goals Greenhouse gas plans consistent with goals of Paris Agreement Sets…
14 December 2020
Neodrill announces projects with Neptune Energy
Neodrill, known for its industry-leading CAN technology, has signed a frame agreement and announced its first two projects with Neptune Energy. Two CAN-ductors were installed in April on two of Neptune Energy’s exploration wells in the Norwegian North Sea. In August, Neptune Energy and its partners announced the commercial discovery…
14 December 2020
Sercel Wins Second Saudi Mega-Crew Equipment Contract
Sercel announced today that it has won a second major contract to supply land seismic equipment to a leading seismic acquisition contractor for a 3D mega-crew survey in Saudi Arabia. It has also won a smaller contract to equip a 2D survey to be conducted by the same contractor. These…
14 December 2020
Snorre Expansion Project now in production
At 12. December production commenced from the Snorre Expansion Project in the North Sea. This major Increased Oil Recovery project will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040. The project was originally scheduled to come on…
14 December 2020
MODEC awarded Operations and Maintenance Contract for Sangomar Field Development FPSO to be deployed offshore Senegal
MODEC, Inc. (“MODEC”) is pleased to announce that MODEC SENEGAL S.A.S.U (“MOSEN”) as MODEC Group company has signed a contract with Woodside Energy1 (“Woodside”) for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar (formerly SNE) Field Development Phase 1 (Sangomar Field Development)…
14 December 2020
Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") GBA Exploration and Licensing Update
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company, focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce the results of a comprehensive subsurface evaluation that has been completed across all of the Company's licensed acreage. This evaluation has…
14 December 2020
Equinor acquires interests in conventional onshore assets in Russia
Equinor has completed an agreement with Rosneft that increases its onshore presence in Russia. Through this agreement Equinor has acquired a 49% interest in the limited liability company LLC KrasGeoNaC (KGN) which holds twelve conventional onshore exploration and production licenses in Eastern Siberia. The payment at completion of the transaction…
14 December 2020
Neptune Energy - consent to use of facility at Gjøa
Petroleum Safety Authority Norway have given Neptune Energy Norge AS (Neptune) consent to use a new subsea facility at the Gjøa field in the North Sea. Use of facility The consent applies to the use of a new subsea facility, which will be tied back to the Gjøa facility, and…
14 December 2020
VOS returns to Mozambique in force
VOS teams started 2020 filled with optimism, in a shipping market that looked to be emerging from its long slump. Unfortunately, COVID-19 and another oil-price crash brought fresh challenges throughout the year and it was hard to find an offshore drilling campaign that had not been postponed or cancelled. However,…
11 December 2020
Neptune announces feasibility study into CCS plan for Netherlands
Neptune Energy announced a feasibility study into plans for a large-scale offshore Carbon Capture and Storage (CCS) project in the Dutch North Sea, with the potential to safely store 120-150 million tonnes of CO2. Neptune will conduct the study in cooperation with its licence partners and CO2 emitters. The study…
11 December 2020
Equinor awarding contracts for supply vessels
Havila Shipping ASA has been awarded three-year contracts for the Havila Charisma and Havila Foresight platform supply vessels. Both contracts include four one-year options and have a total framework of close to NOK 800 million. The total framework includes options and costs related to Havila Charisma modifications. “We have received…
11 December 2020
NOVATEK and Siemens Energy Signed Agreement to Decarbonize LNG Production
PAO NOVATEK (“NOVATEK” and/or the “Company”) and Siemens Energy signed a Strategic Partnership and Cooperation Agreement (“Agreement”). According to the Agreement, the Parties intend to jointly develop and implement high-tech solutions to produce LNG, electricity, hydrogen and other products to maintain sustainable development initiatives and achieve the Parties' goals to…