Search News
Latest News
3 December 2020
Halliburton Teams With Accenture To Accelerate Digital Supply Chain Transformation
Halliburton (NYSE: HAL) and Accenture (NYSE: ACN) announced they have teamed to accelerate Halliburton’s digital supply chain transformation and support digitalization within the Company’s manufacturing function. Beginning in 2021, Halliburton will launch a new global hub-and-spoke supply chain and manufacturing service model supported by new technologies. This new delivery platform…
3 December 2020
Petrofac partners with Intoware to drive value through digital deployment
Petrofac has signed a three-year partnership with Intoware, the leading provider of workflow automation software for mobile applications, to develop and deploy workflow automation software that is specifically tailored to the requirements of the oil and gas industry. The development of ‘WorkfloPlus Oil and Gas’ will further optimise the efficiencies…
2 December 2020
Dorado & Bedout Sub-basin update
Carnarvon Petroleum Limited (“Carnarvon” or “the Company”) is pleased to advise that its partner in the Dorado field development and Bedout sub-basin exploration permits has today provided the ASX with an update on the project. The material is available on the Santos website as part of their Investor Day presentation.…
2 December 2020
Eni reaches an agreement with its partners for the restart of the liquefied natural gas plant in Damietta, Egypt and for the amicable settlement of disputes related to Union Fenosa Gas
Today’s agreements, which are in line with the ones finalized last February and take into account the evolution of the energy scenario, allow to reinforce Eni's strategic objectives in terms of growth of its LNG portfolio, in particular in Egypt, where the Company is the main gas producer, and are…
2 December 2020
Minesto reaches historic milestone – delivers first tidal energy to the Faroese grid DECEMBER 01, 2020
As a part of the ongoing commissioning work of its DG100 tidal kite system Vestmannasund, Faroe Islands, leading marine energy developer Minesto has reached the milestone of delivering electricity to the Faroese grid facilitated by the Power Purchase Agreement with the utility company SEV. “This is a historic moment and…
2 December 2020
San Leon Energy plc ("San Leon" or the "Company") Successful Farm-Out of Barryroe Oil & Gas Field
San Leon is pleased to note the RNS released by Providence Resources PLC (LSE:PVR) on 30 November 2020 confirming a Farmout Agreement has been entered into with respect to the Standard Exploration Licence 1/11, which includes the Barryroe oil and gas field. The Farmout Agreement was entered into with SpotOn…
2 December 2020
First Subsea and JFO - Subsea Tubulars Decom Tool testing milestone
First Subsea and James Fisher Offshore (JFO) have completed a significant testing milestone in their joint development of a combined Internal Cut and Lift tool, as part of an Oil and Gas Technology Centre (OGTC) co-investment initiative seeking to reduce the costs of decommissioning offshore. A series of underwater cutting…
2 December 2020
Enel and Eni jointly develop hydrogen projects
Global energy sector leaders Enel and Eni are working together to develop green hydrogen projects. The two partners are planning to produce green hydrogen through electrolyzers powered by renewable energy. The electrolyzers will be located near two of the Eni refineries where green hydrogen appears to be the best decarbonization…
2 December 2020
The UK can build a homegrown transition towards clean energy future, OGUK’s Economic Report shows
A flagship report published today by the leading representative body for the UK offshore oil and gas industry finds that the UK’s carbon emissions fell by an estimated 10.3 percent this year, as the economy contracted by 11.3 percent. OGUK today said the figures confirm the scale of the challenge…
2 December 2020
PGS Returns to Brazil for Campos Deepwater GeoStreamer X | Phase 2
PGS Ramform Titan is about to continue acquisition of the Campos Deepwater GeoStreamer X, a prefunded MultiClient 3D seismic survey with multi-azimuth coverage. In December 2020, PGS will resume operations, to acquire an additional 8 400 sq km. This survey provides the first 3D seismic for 17th Round blocks. Ramform…
1 December 2020
TechnipFMC Receives Notice to Proceed for EPC Contract for Sempra LNG’s and IEnova’s Energía Costa Azul LNG Facility
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has received a Notice to Proceed for a major(1) Engineering, Procurement, and Construction (EPC) contract by Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) at their Energía Costa Azul (ECA) liquefied natural gas (LNG) facility in Baja California, Mexico. The project will add a…
1 December 2020
TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC)
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. As previously announced, this major(1)…
1 December 2020
Prysmian Group accelerates in Race to net zero CO2 emission
Prysmian Group announces the launch of a new project aimed at accelerating the race to net-zero CO2 emission. The announcement has been made during its “Sustainability Day”, the digital stakeholders engagement event with Group top management sharing Prysmian’s vision, priorities and plans for a sustainability roadmap. The project aims to…
1 December 2020
Prices at stake: If OPEC+ increases output in January, a 200 million-barrel glut will build through May
As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic into 2021 – and in particular, the consequences of oil demand destruction to global balances. The existing OPEC+ group deal saved the market from collapsing earlier…
1 December 2020
ExxonMobil to prioritize capital investments on high-value assets
ExxonMobil has completed a review of its forward business plans and will prioritize near-term capital spending on advantaged assets with the highest potential future value, including developments in Guyana and the U.S. Permian Basin, targeted exploration in Brazil and Chemicals projects to grow high-value performance products. ExxonMobil to prioritize capital…
1 December 2020
Santos to be net-zero emissions by 2040
Santos has today announced ambitious new emissions reduction targets that include: 2030: Reduce Scope 1 and 2 absolute emissions by 26-30 per cent on 2020 baseline 2030: Actively work with customers to reduce their Scope 1 and 2 emissions by >1mtCO2e per year by 2030 2040: Scope 1 and 2…
1 December 2020
Deltic Energy Plc ("Deltic" or 'the Company') Formal Award of Six Licences in the UK's 32nd Offshore Licensing Round
Deltic Energy Plc, the AIM quoted natural resources investing company progressing its high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to report that further to the provisional award of new licences in the UK's 32nd Offshore Licensing Round announced on 3 September…
1 December 2020
Turbine Installation At Belgium's Largest Offshore Wind Farm Crosses The Finish Line
Construction works at SeaMade, Belgium’s largest offshore wind farm, have crossed the finish line with the last of 58 turbines successfully installed on 30 November. The SeaMade wind farm will provide green energy for 485,000 households and will lead to a significant reduction of annual CO2 emissions of at least…
30 November 2020
Reach Subsea Secures Modern Fit-For-Purpose Vessel Capacity
Reach Subsea ASA (“Reach”) has had a busy 2020, despite market turbulence, and have over the last years been awarded several important frame agreements for Survey, IMR and light construction within both the renewable and oil and gas sector. Against a backdrop of expected increase in activity, and in order…
30 November 2020
Sea Lion farm-in update
Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to provide the following update in relation to the previously announced farm-in to the Sea Lion project by Navitas Petroleum LP (“Navitas”). Following the announcement of the…
30 November 2020
Aeolus completes turbine installation at Borssele III & IV offshore wind farm
Van Oord’s offshore installation vessel Aeolus has successfully completed the installation of all 77 MHI Vestas V164-9.5 MW turbines at the Borssele III & IV offshore wind farm. As the Balance of Plant contractor for the Borssele III & IV offshore wind farm, Van Oord was responsible for the design,…
30 November 2020
CGG Wins Three-Year Contract Extension For Oman Dedicated Processing Center
CGG has been awarded a three-year contract extension by Petroleum Development Oman (PDO) to continue providing advanced land seismic imaging services at its dedicated processing center (DPC) in Muscat. The new contract will run from 1 January 2022 until 31 December 2024. PDO operates a concession in Oman that covers…
30 November 2020
PNE AG starts construction of two more wind farms with 59 MW in Poland
The PNE Group, which is internationally active in the development and operation of renewable energy projects, is starting the construction of two further wind farms in Poland. These projects will have a total nominal output of around 59 MW. The start of construction of the “Krzecin” wind farm is imminent. In this…
30 November 2020
Eni presents the 19th edition of the World Oil, Gas and Renewables Review
Eni has released the 19th edition of the World Oil, Gas and Renewables Review, the annual statistics report on oil, natural gas and renewable sources. The World Oil, Gas and Renewables Review aims to be a useful tool for a deeper understanding of the fundamentals of the energy sector. It…
30 November 2020
Equinor – consent for exploration drilling in the Barents Sea
Petroleum Safety Authority Norway have given Equinor consent to drill an exploration well in the Barents Sea. With Well name: 7220/7-4 and Prospect name: Isflak for 30 days.
30 November 2020
UK must invest now to be a global leader in clean energy
OGTC and Offshore Renewable Energy (ORE) Catapult set out direction for UK net zero offshore energy system By investing in technology to create an integrated net zero North Sea, the UK can be a supplier, rather than a buyer, of affordable clean energy solutions The country can retain its competitive…
27 November 2020
Vestas wins 328 MW order for two wind projects in Australia
In partnership with Global Power Generation, a subsidiary of the multinational power company Naturgy Group, Vestas has secured a 328 MW deal for two wind projects in Victoria, Australia. The order includes supply and installation of 52 V136-4.2 MW wind turbines for the Ryan Corner Wind Farm as well as…
27 November 2020
ADNOC Awards $519 Million Contract Further Expanding World’s Largest 3D Seismic Survey
The Abu Dhabi National Oil Company (ADNOC) announced the award of a contract worth up to $519 million (AED1.9 billion) to further expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey, which is currently taking place in the Emirate of Abu Dhabi. The expansion…
27 November 2020
Siemens Gamesa Rattlesnake 130 MW wind farm project underlines case for subsidy free clean energy in Canada
Siemens Gamesa secures contract to provide turbines for 130-MW BHE Canada’s wind power project. The wind farm south-west of Medicine Hat includes 26 SG 5.0-145 turbines. The project will provide clean energy for the equivalent of more than 79,000 homes in Alberta. Project helps Siemens Gamesa reach a new milestone…
27 November 2020
Ørsted's first Dutch offshore wind farm fully commissioned
Ørsted has fully commissioned the Borssele 1 & 2 offshore wind farm. The wind farm has a capacity of 752 MW, making it the largest offshore wind farm in the Netherlands and the second largest operating offshore wind farm in the world. Borssele 1 & 2 provides enough green electricity…
27 November 2020
Green industrial revolution in sight as government sets out plans for more clean energy
The fourth round of the Contracts for Difference (CfD) scheme, opening late 2021, will aim to double the capacity of renewable energy compared to the last round and expand the number of technologies supported. The government has set out its next steps towards a green industrial revolution with ambitious plans…
27 November 2020
Repsol’s new Strategic Plan accelerates the energy transition
Repsol today unveiled its 2021-2025 Strategic Plan which will transform the company in the following years, accelerating the energy transition and ensuring return and the highest value for shareholders. The new strategy outlines a challenging roadmap with more ambitious intermediate emissions cuts targets to successfully achieve zero net emissions by…
27 November 2020
Petrobras approves strategic Plan 2021-2025
Petrobras informs that its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2021-2025 (SP 2021-25). The plan maintains the 5 pillars that support the implementation of the company's set of strategies: (i) Maximization of the return on capital employed; (ii) Reduction of…
27 November 2020
CCUS: Total and its Partners Release Next-Gen CO2 Storage Simulator
Total and its partners have just announced the first version of a high-performance simulator for large-scale geological CO2 storage. The tool puts Total at the forefront of Carbon Capture, Utilization and Storage (CCUS) research. We met with Philippe Cordier, Head of the Scientific Computing and Artificial Intelligence research program at…
26 November 2020
Equinor and partner reach financial close on world's biggest offshore wind farm
Dogger Bank wind farm owners, Equinor and SSE, have today announced financial close on the first two phases of the project, representing in aggregate the largest offshore wind project financing to date globally. “Reaching financial close on the two first phases of Dogger Bank is a major milestone, demonstrating our…
26 November 2020
Project Greensand: North Sea reservoir and infrastructure certified for CO2 storage
The mission to store CO2 beneath the Danish North Sea has cleared the first major hurdle after the intended subsea reservoir was confirmed feasible for CO2 injection by independent certification body DNV GL to the endorsement of Danish authorities. With this certification of feasibility to DNV GL’s Carbon Capture and…
26 November 2020
Saipem: a contract awarded for Ichthys LNG FEED Services
Saipem confirms a contract award to conduct booster compression module (BCM) front end engineering and design (FEED) services for the INPEX-operated Ichthys LNG energy development. It is planned to install the BCM onto the Ichthys Explorer central processing facility. The scope of work comprises the BCM front end engineering and…
26 November 2020
The world may not have enough heavy lift vessels to service the offshore wind industry post 2025
Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar. The market for vessels capable of installing large offshore wind components is quickly being outpaced by growing demand from the global development pipeline, a Rystad Energy analysis shows. The global fleet will…
26 November 2020
Shearwater GeoServices awarded significant Petrobras OBN 4D baseline survey
Shearwater GeoServices Holding AS (“Shearwater”) today announced the award by Petrobras of a large Ocean Bottom Node 4D Baseline survey over the Jubarte Field in the Campos Basin offshore Brazil. Shearwater has positioned itself as a leading player in the deepwater OBN market, building on its established leading positions in…
26 November 2020
CGG Completes Multi-client OBN Cornerstone Survey
CGG and Magseis Fairfield announced today their completion of the 2020 acquisition of the largest OBN survey ever acquired in the North Sea. The OBN Cornerstone 2020 multi-client survey in the UK Central North Sea commenced in March 2020 and has already received significant industry interest and prefunding. Approximately 1,650…
26 November 2020
Survey is further confirmation of stark conditions faced by industry
OGUK has said a survey of oil and gas companies which finds about a fifth of firms are expecting more redundancies in 2021 is further confirmation of the stark conditions faced by many. The leading representative body for the sector, which is due to publish its flagship Economic Report early…
26 November 2020
Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") Acquisition of CIECO V&C (UK) Limited
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 that it has entered into a conditional sale and purchase agreement ("SPA") to acquire the entire issued share capital of CIECO V&C…
25 November 2020
DOF Subsea contracted by Beach Energy
Beach Energy has awarded DOF Subsea Australia the Otway Offshore Project Phase 4 contract which consists of subsea installation works in a tie-back program.The award includes Project Management, Engineering, Fabrication, Transportation and Installation Services and is expected to be completed in Q3 2021. The project will be executed using DOF…
25 November 2020
Innovative NOC project wins funding to support Blue Economy and sustainable energy
A new project being led by the National Oceanography Centre to develop a system to improve the efficiency of offshore renewable energy generation and help develop the Blue Economy has been awarded funding from Innovate UK’s Sustainable Innovation Fund. Submarine High-fidelity Active-monitoring of Renewable energy Cables (SHARC) aims to improve…
25 November 2020
Suncor to assume operatorship of Syncrude by end of 2021
Suncor, as 58.74% owner of the Syncrude Joint Venture, announced today that it, together with the other Syncrude joint venture owners – Imperial Oil Resources Limited, CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership – have agreed in principle for Suncor to become the operator of the Syncrude project…
25 November 2020
Tokyo Gas to Join Joint Venture for Offshore Wind Projects in Japan
Northland Power Inc. (Northland) (TSX: NPI) and Shizen Energy Inc. (Shizen Energy) announce that Tokyo Gas Co., Ltd. (Tokyo Gas) has joined the joint venture established by Shizen Energy and Northland in 2019 for the development of offshore wind projects in Chiba Prefecture, Japan. In conjunction with this alliance, each…
25 November 2020
Nostra Terra Oil and Gas Company Plc ("Nostra Terra" or "the Company") Pine Mills - Positive Logging Results and Well Completion
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA is pleased to announce the completion of logging at the Cypress farm-out well at the Company's Pine Mills oil field. The well will now be perforated and…
25 November 2020
New PGS MultiClient for Ghana Tano Basin Now Available
PGS has completed imaging of the first-ever MultiClient 3D seismic survey offshore Ghana. The broadband KPSDM data reveals sharper imaging of prolific Cretaceous reservoir targets. The 3D GeoStreamer survey acquired in 2019 targets the Tano Basin, an area that has recently received high-profile exploration success with the Afina-1X discovery well.…
25 November 2020
PGS Delivers First Data from Canada 2020 Programs
AVO compliant, fast-track PSTM products are now available for Blomidon, South Bank, and Torngat Extension, three new PGS surveys offshore Newfoundland and Labrador. Final full-integrity PSTM GeoStreamer data will be available in Q1 2021 and QI products in Q2. Three new GeoStreamer 3D surveys in eastern Newfoundland, south-eastern Newfoundland, and…
25 November 2020
Online resource launched to help kick-start decom campaigns
The Oil and Gas Authority has today (24 November 2020) provided one centralised location for well data related to decommissioning. The data, which is already publicly available, has been consolidated – for the first time - to help raise awareness about suspended wells in the UKCS which await decommissioning. The…