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11 December 2020
Equinor – consent for life extension for Veslefrikk
Petroleum Safety Authority Norway have given Equinor Energy (Equinor) consent for life extensions for Veslefrikk.The consent applies to the operation of Veslefrikk until 21 December 2022.
11 December 2020
Lundin - consent for exploration drilling in the North Sea
Petroleum Safety Authority Norway have given Lundin consent to drill an exploration well in the North Sea. At prospect Merckx in prospect licence 532 at water depth of 100 metres for 32 days.
11 December 2020
Karoon Ships its first Oil from Baúna as Operator
Karoon Energy is pleased to announce it has off-loaded its first shipment amounting to over 500,000 barrels of oil, safely and on time, from its newly acquired Baúna production field, offshore Brazil. The shipment comprised oil produced by the FPSO Cidade de Itajaí, which is operated by the joint venture…
11 December 2020
PETRONAS Makes Hydrocarbon Discovery in Block 52, Offshore Suriname
PETRONAS through its subsidiary, PETRONAS Suriname E&P B.V. (PSEPBV) today announced that it made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52. PSEPBV is the operator of Block 52 and holds 50 per cent participating interest, together with…
11 December 2020
McDermott Awarded Contract by BHP for Pre-FEED Extension Phase for the Trion Project Semi-Submersible FPU
McDermott International, Ltd today announced it has been selected by BHP Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) to perform the preliminary Front-End Engineering Design (pre-FEED) extension phase for a Floating Production Unit (FPU) that could be installed in a water depth of approximately 8,200 feet (2,500…
10 December 2020
Start of power production at Nysäter Onshore Wind Farm in Sweden
The Nysäter wind project in Sweden has achieved an important milestone on its way to becoming one of the largest onshore sites in Europe. The first of the 21 turbines already installed has been connected to the power grid and has started producing electricity. Once completed, the wind farm will…
10 December 2020
Total Closes Its Participation in the Energía Costa Azul LNG Export Project
Total, Sempra LNG and IEnova have signed binding agreements finalizing Total’s equity investment in the Energía Costa Azul liquefied natural gas export project (ECA LNG), located in Baja California, Mexico. Total now holds a 16.6% equity share of the project, for which the final investment decision was taken last November…
10 December 2020
AquaVentus: RWE is partner of landmark project involving the offshore production of green hydrogen
Plans to create 10 gigawatts of production capacity by 2035, enough to produce up to one million tonnes of hydrogen per year Concept presented at digital Parliamentary Evening: Bundestag Member Dr Stefan Kaufmann, Federal Commissioner for Hydrogen, emphasises the importance of green hydrogen for the North Sea region RWE contributes…
10 December 2020
The world will not have enough oil to meet demand through 2050 unless exploration accelerates
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and capital expenditure of at least $3 trillion is put to the…
10 December 2020
Kosmos Energy Completes Farm Down of Exploration Assets to Shell
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) today announced that it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (“Shell”), a wholly-owned subsidiary of Royal Dutch Shell PLC (LSE: RDSA), to farm down interests in Suriname, Sao Tome & Principe and Namibia for approximately $95 million,…
10 December 2020
InfraStrata plc ("InfraStrata" or the "Company") Letter of Intent for fabrication of Windfarm Development Vessels
InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce the signing of a Letter of Intent ("LoI") with Triumph Subsea Services Limited ("Triumph") for the build of two Windfarm Development Vessels ("WDV) each of which will have…
10 December 2020
Eni and Saipem sign a Memorandum of Understanding for decarbonization projects in Italy
Eni's CEO, Claudio Descalzi, and Saipem's CEO, Stefano Cao, today signed a Memorandum of Understanding (MoU) to cooperate on the identification and engineering of decarbonisation initiatives and projects in Italy. In particular, the companies intend to identify possible opportunities for collaboration in the sector of the carbon capture, utilization and…
10 December 2020
ADNOC Awards Occidental Onshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round
The Abu Dhabi National Oil Company (ADNOC) announced, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental, a US-based international oil and gas exploration and production company. The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) and…
9 December 2020
Siemens Gamesa strengthens its partnership with European Energy to supply wind farms in Sweden and Poland
The Kingebol wind farm in Sweden will be installed with the industry benchmark Siemens Gamesa 5.X platform with 170-meter rotor variant. The contract also covers a 20-year service agreement for the installations. The company will also install 3 wind farms at nearby sites in Poland with 2MW turbines. Siemens Gamesa…
9 December 2020
Ocean Infinity selects Sonardyne for pioneering Armada fleet
Sonardyne technology has been selected to support the world’s largest and most environmentally sustainable fleet of ocean-going, multi-role robotic vessels, which is being launched by marine robotics company Ocean Infinity. Sonardyne systems will provide the first wave of Ocean Infinity’s new Armada fleet with key sensor technologies for underwater platform…
9 December 2020
Plant works completed; Sole production resumed
Orbost Gas Processing Plant reconfiguration works completed as planned • Sole term gas supply to industrial customers commenced Cooper Energy (ASX: COE) reports the reconfiguration works of the Orbost Gas Processing Plant (OGPP) announced 30 October have been completed as planned and supply under term contracts to industrial customers has…
9 December 2020
Vestas secures 39 MW order in Italy
Vestas has received a 39 MW order for an undisclosed project in Italy. The contract includes the supply and installation of eleven V136-3.45 MW wind turbines delivered in 3.5 MW Power Optimised Mode, as well as a 15-year Active Output Management 5000 (AOM 5000) service agreement. Turbine delivery is expected…
9 December 2020
CGG Signs Multiclient Airborne Gravity Gradient Survey Agreement With SNPC In Congo
CGG is mobilizing to acquire the industry’s first-ever multi-client airborne gravity and magnetic survey of the onshore Congo Cuvette Basin in the Republic of Congo after signing an agreement with the SNPC and the Ministry of Hydrocarbons. The project has already received significant prefunding from the oil and gas industry.…
9 December 2020
Approved development plan for the Hod field
The Minister of Petroleum and Energy Tina Bru (right) handed down the PDO for the development of the Hod field to the robot dog Spot, accompanied by Lene Landøy, SVP Strategy and Business Development at Aker BP. The approved PDO for the HOD development was personally handed over by the…
9 December 2020
IKM Subsea Singapore awarded their first renewables contract in the region
IKM Subsea Singapore has been awarded a contract with Solstad for ROV services onboard their Construction Support Vessel, the Normand Baltic. IKM Subsea have been a key ROV contractor for Solstad over the years in the region and this contract is a reflection of our good performance. The contract requires…
9 December 2020
iSURVEY Completes Landmark North Sea Project
The UK entity of iSURVEY has announced completion of its largest project to date. The seven-figure project has not only seen a 10-strong group of offshore survey experts complete an incredible 6,300km of survey since mobilisation in late July, it also breaks the Aberdeen-based team’s single contract value record. The…
8 December 2020
Ørsted aims to develop offshore wind projects in South Korea
Ørsted announced its intention to develop South Korean offshore wind projects with a potential capacity of up to 1.6GW off the coast of Incheon City. The announcement was made at an event joined by National Assembly members, South Korea's Energy Agency, and key industry leaders with offshore wind track records…
8 December 2020
Ørsted takes final investment decision on Old 300 Solar Center, a 430 MWAC solar PV project located near Houston
Ørsted has taken final investment decision on the Old 300 Solar Center, which is located in Fort Bend County, 40 miles from Houston, Texas, and is expected to come online in Q2 2022. Photo from Ørsted’s Permian Solar Center currently being constructed. Over the past year, Ørsted has significantly increased…
8 December 2020
Dry well near the Tordis field in the North Sea – 34/7-37 S
Equinor Energy AS, operator of production licence 089, has concluded the drilling of wildcat well 34/7-37 S. The well was drilled about 4 kilometres west of the Tordis field and about 200 km northwest of Bergen. The objective of the well was to prove petroleum in reservoir rocks in the…
8 December 2020
Fugro Wins Three Site Investigation Contracts For I3muiden Ver Offshore Wind Farm Zone
Fugro has been awarded three geotechnical investigation contracts for IJmuiden Ver, the largest offshore wind farm (OWF) zone to be developed in the Dutch part of the North Sea. Fugro Synergy The investigations for IJmuiden Ver are the most extensive the Netherlands Enterprise Agency (RVO) has organised to date and…
8 December 2020
Fugro boosts remote operations with new centre in the Middle East
Fugro has opened a new state-of-the-art remote operations centre (ROC) in Abu Dhabi, which is already delivering successful remote and autonomous solutions to clients in the Middle East and India (MEI) region. Fugro remote operations centre The new ROC in Abu Dhabi is the latest addition to Fugro’s global network…
8 December 2020
TGS Announces Final Processing Products for High-Resolution Canton & Gloss Mountain 3Ds
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the completion of the final processing products for the high-resolution Canton and Gloss Mountain 3Ds. These projects encompass approximately 2,895 square kilometers in Major, Woods and Blaine counties in the Anadarko Basin. Historical production…
8 December 2020
Prime Minister’s emissions targets reinforce the need for sector deal
The leading UK oil and gas industry body OGUK has today reinforced the significance of securing a sector deal, in light of new emission targets announced by the Prime Minister today. The government’s plan commits to reducing the UK’s carbon emissions by at least 68% by 2030, based on 1990…
8 December 2020
Maersk Drilling secures one-well contract for low-emission rig from OMV
Maersk Drilling has been awarded a one-well contract from OMV (Norge) AS for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will drill one exploration well in the Ommadawn prospect in PL 970 offshore Norway. The contract is expected to commence…
7 December 2020
Construction Of The Offshore Crane Vessels Kicks Off
Jan De Nul kicks off the construction of its 5,000 tonnes crane vessel Les Alizés. The steel cutting ceremony took place today at the shipyard China Merchants Heavy Industry (Jiangsu) Co., Ltd. in China, in the presence of Jan De Nul representatives, the Vice General Manager of the shipyard and…
7 December 2020
Shearwater GeoServices awarded Bay of Bengal 3D survey for Reliance in India
Shearwater GeoServices Holding AS (“Shearwater”) today announced the award of a 3D seismic acquisition contract in the Bay of Bengal, India by Reliance Industries Ltd. (“Reliance”). The survey is scheduled to commence in Q1 2021 and covers 1,500 sq. km of block KG-UDWHP-2018/1 in the Krishna-Godavari basin and will be…
7 December 2020
Santos and Mitsubishi sign SPA for Barossa LNG supply
Santos today announced it had signed a binding long-term LNG Supply and Purchase Agreement (SPA) with Diamond Gas International Pte Ltd (DGI), a wholly-owned subsidiary of Mitsubishi Corporation (Mitsubishi), for the supply of LNG from the Barossa project. The long-term SPA is a contractual commitment for the supply and purchase…
7 December 2020
VAALCO Announces Completion of 3-D Seismic Survey Data Acquisition Over Entire Etame Marin Block
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that the acquisition of three dimensional (“3-D”) seismic data at the Etame Marin block offshore Gabon has been completed. Highlights Completed the acquisition of nearly 1,000 square kilometers of new dual-azimuth proprietary 3-D seismic data over the…
7 December 2020
Equinor joins Europe’s biggest green hydrogen project, the NortH2-project
The project aims to produce green hydrogen using renewable electricity from offshore wind off the coast of Netherlands of about 4 gigawatts by 2030, and 10+ gigawatts by 2040, kickstarting the hydrogen economy in Northwest Europe. “This is a groundbreaking project that Equinor is looking forward to contribute to. The…
7 December 2020
Vestas develops highly customised power plant solution to secure 42 MW order in Finland
Vestas has received a 42 MW order for the Långnabba wind project. The project will be developed by Vind AX AB, a Finnish developer and independent power producer, and new customer for Vestas. The project will be located on the Åland Islands, in the Baltic Sea, between the Finnish and…
7 December 2020
INPEX Signs MoU on LNG supply from Abadi LNG Project, Masela Block, Indonesia
(INPEX) today announced that through its subsidiary INPEX Masela, Ltd., and on behalf of its joint venture partner Shell Upstream Overseas Ltd. (Shell), it has signed a memorandum of understanding (MOU) with PT Perusahaan Gas Negara Tbk (PGN) concerning the domestic LNG supply from the Abadi LNG Project (the Project).…
7 December 2020
OGUK responds to IPPR’s Net Zero North Sea report
The leading representative body for the UK offshore oil and gas industry has today (Thursday 3 December) responded to a report published by the Institute for Public Policy Research (IPPR). The Net Zero North Sea report has urged the offshore oil and gas industry to set out a plan for…
4 December 2020
Equinor continues to capture value from offshore wind, farming down 10 % in Dogger Bank A and B
Equinor has entered into an agreement with Eni to sell a 10% equity interest in the Dogger Bank Wind Farm A and B assets in the UK for a total consideration of around GBP 202.5 million. Eni has also entered into an agreement to purchase a 10% interest in Dogger…
4 December 2020
Trading and Operations Update
Jadestone Energy Inc. (AIM:JSE) (“Jadestone”, the “Company”, or the “Group”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to provide a trading and operations update. Highlights● Group production from January 1 through November 30, 2020 averaged 11,356 bbls/d;● The Group remains on track…
4 December 2020
Drilling permit for well 2/9-6 S in production licence 617
The Norwegian Petroleum Directorate has granted MOL Norge AS a drilling permit for well 2/9-6 S, cf. Section 15 of the Resource Management Regulations. Well 2/9-6 S will be drilled from the Maersk Integrator drilling facility in position 56°21'35.264"N and 003°53'05.246"E after concluding the drilling of production well 16/1-D-17 for…
4 December 2020
Oilfield service purchases set to lose $340 billion until 2028 as peak oil is closer than ever
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows, as peak oil demand will arrive earlier and at a lower level than previously thought, leading to reduced E&P investments. The Covid-19 pandemic’s effect…
4 December 2020
OGA launches study of potential energy hub site
The Oil and Gas Authority (OGA) has started work to identify the value the establishment of an energy hub on the Norfolk coast could lead to by hiring specialist project development company Progressive Energy to conduct an in-depth feasibility study. A preliminary assessment of Bacton has already been conducted by…
4 December 2020
EMGS receives Letter of Award
Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has received a letter of award for 3D CSEM and MT (magnetotelluric) multi-client survey in the Gulf of Mexico. The letter of award is issued by one of the Company's existing clients and represents the first…
4 December 2020
Dry well in the southwestern Barents Sea – 7018/5-1
Equinor Energy AS, operator of production licence 960, has concluded the drilling of wildcat well 7018/5-1. The well was drilled about 100 kilometres southwest of the Snøhvit field, and about 195 kilometres west of Hammerfest. The primary exploration target for the well was to prove petroleum in reservoir rocks from…
3 December 2020
Local Contractor Pert-Bruce Awarded Seagreen Contract At Montrose Port
A Montrose construction firm with its roots in the local area going back five generations has been appointed by SSE Renewables to carry out the works on the Seagreen wind farm operations and maintenance base to be located at Montrose Port. Pert-Bruce Construction was awarded the prestigious contract in October…
3 December 2020
Vår Energi awards Enhanced Drilling contracts for CTS and RMR®
VÅR ENERGI, one of the largest operating companies on the Norwegian Continental Shelf (NCS), has signed a framework agreement with Enhanced Drilling to provide Cutting Transportation System (CTS) and Riserless Mud Recovery (RMR®) services on Vår Energi operated fields. Zero discharge RMR® ensures all mud and cuttings are returned to…
3 December 2020
Zephyr Energy plc (the "Company" or "Zephyr") Award of drilling contract to Cyclone Drilling Inc.
Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, provides an update on its project in the Paradox Basin, Utah, U.S. (the "Paradox project"), where the Company is preparing to spud the 'dual-use' State 16-2 well before the end of the year.…
3 December 2020
Woodside Pre-Empts Far's Sangomar Transaction
Woodside has given notice exercising its right to pre-empt the sale by FAR Senegal RSSD SA (FAR) to ONGC Videsh Vankorneft Pte Ltd (ONGC) of FAR’s entire participating interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture (the FAR/ONGC Transaction). FAR has a 13.67% interest in the Sangomar…
3 December 2020
Equinor and SINTEF enter into a strategic collaboration agreement
Equinor and SINTEF have agreed on a strategic collaboration in four key areas. The areas are offshore wind, marine systems, energy systems and modeling studies related to these areas. SINTEF is Equinor's biggest partner in the fields of research and technology development. Now, for the first time, the companies have…
3 December 2020
Trump Administration Charts Path for Geological & Geophysical Survey Activities in the Gulf of Mexico
BOEM today issued a Record of Decision (ROD) establishing safeguards to reduce or eliminate impacts to marine life while setting a path forward for appropriate geological and geophysical (G&G) survey activities on the Gulf of Mexico Outer Continental Shelf (OCS). G&G surveys help provide an increased understanding of the nation’s…