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24 November 2020
Maersk Drilling selected for two-rig Suriname campaign by Total
Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58. The campaign is expected to commence in early 2021, with an estimated…
24 November 2020
Archer secures long term platform drilling and maintenance contract from Aker BP for offshore Norway
Archer has secured a five-year contract from Aker BP with an additional three -year extension option for the provision of platform drilling operations and maintenance services on the Ula and Valhall installations in the Norwegian sector of the North Sea. The contract will commence January 1, 2021 in direct continuation…
24 November 2020
Africa’s renewable energy capacity is set for consecutive years of growth, exceeding 50 GW in 2025
Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s capacity is forecast to reach 16.8 GW in 2020, add another 5.5 GW in 2021, and further climb to 51.2 GW in…
24 November 2020
Reduction of Methane Emissions: Total Strengthens its Commitment with the OGMP 2.0 Initiative
Total, partner to the initiative since 2014, has joined the second phase of the Oil & Gas Methane Partnership (OGMP 2.0) of the United Nations Environment Programme, which brings together industrial companies, governments and NGOs to better monitor and report methane emissions in order to reduce them. This second phase…
24 November 2020
NKT is preferred turnkey supplier for high-voltage offshore wind farm project
NKT is preferred turnkey supplier for high-voltage offshore wind farm project The wind farm is included in the high-voltage project pipeline listed in the NKT prospectus which was recently released as part of the initiation of a rights issue, cf. Company Announcement no. 25 of 19 November 2020. The potential…
24 November 2020
Wintershall Dea sets climate targets
Net zero upstream activities by 2030 Methane intensity of total gas production to be reduced to 0.1 per cent by 2025 Around €400 million investment in energy efficiency, strict emissions management, technology development, portfolio optimization and nature-based mitigation solutions in the next ten years The world is facing a major…
24 November 2020
EnQuest provides an updates on its operational performance for the year to the end of October
Strong Kraken performance continues Group production averaged 60,777 Boepd in the ten months to end October 2020; full year production expected to be slightly below the mid-point of the 57,000 to 63,000 Boepd guidance range As previously guided, Group production is lower in the second half compared to the first…
24 November 2020
Production figures October 2020
Preliminary production figures for October 2020 show an average daily production of 1 877 000 barrels of oil, NGL and condensate. Average daily liquids production in October was: 1 611 000 barrels of oil, 253 000 barrels of NGL and 14 000 barrels of condensate. On 29 April 2020, the…
23 November 2020
Aker Solutions Wins Maintenance and Modifications Contract in Brazil From Equinor
Aker Solutions won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of four years and includes an option for a two-year extension. The new contract means an expansion of the more than 40 years of…
23 November 2020
Odfjell Drilling signs contracts with Equinor on Johan Sverdrup and Breidablikk
Reference is made to the stock exchange notices of 7 July 2020 and 5 October 2020 in which Odfjell Drilling Ltd announced the award of letters of intent with Equinor on Johan Sverdrup Phase 2 and Breidablikk drilling campaigns for Deepsea Atlantic and Aberdeen, respectively. The Breidablikk drilling campaign is…
23 November 2020
Global E&P players may invest $380 billion in 2021, but about 20% is at risk
Investments from global exploration and production companies (E&P) in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows. About 20% or $76 billion of the estimated 2021 investments could be at risk of deferral or reduction, with the remaining amount being categorized in…
23 November 2020
Osprey Group Trusted To Store Moray East Cabling
When a windfarm needs to store spare parts, it cannot simply put them into a nearby warehouse – the right kind of secure storage has to be used onshore. However, those parts still need to be accessible so that operating schedules can be maintained. This means storing them in a…
23 November 2020
Vår Energi – consent for use of Scarabeo 8 at Goliat
Petroleum Safety Authority have given Vår Energi consent to use the Scarabeo 8 mobile facility for production drilling on the Goliat field.
23 November 2020
Equinor – consent for life extension for Tune
Petroleum Safety Authority have given Equinor Energy (Equinor) consent for life extensions for Tune and Tune Sør. The consent applies to the operation of Tune until 10 September 2032 and of Tune Sør until 14 November 2025. Tune is a gas condensate field located around ten kilometres west of Oseberg…
23 November 2020
MacGregor supports China’s Lingshui 17-2 gas field development
The Lingshui 17-2 (LS 17-2) platform is the world’s first deepwater semi-submersible production platform with condensate storage facilities, owned and operated by CNOOC. It is a significant project in the development of China’s deepwater gas production strategy, and will be China’s first wholly owned and operated deepwater gas platform. It…
23 November 2020
PGS Delivers Early-Out Products in Angola’s Namibe Basin
Early-out PSTM products are now available from PGS’ latest MultiClient 3D survey in the Namibe Basin. New coverage over Blocks 29, 30, 44, and 45 brings fresh understanding for deeper water exploration. The latest ANG Namibe 2020 3D GeoStreamer dataset targets over 14 000 sq. km in the Namibe Basin,…
20 November 2020
Aramco awards major Long-Term Agreements to eight companies for its oil and gas brownfield projects
Eight companies have been awarded Long-Term Agreements (LTAs). These agreements are for a six-year base period and extendable for an additional six years. The LTAs will significantly support growth in the local business community and help develop strong and sustainable domestic Engineering Procurement Construction (EPC) entities for the longer term.…
20 November 2020
Sparrows Group awarded five-year Morecambe Hub contract with Spirit Energy
Sparrows Group has been awarded a five-year contract by Spirit Energy for the provision of crane maintenance and lifting services across its Morecambe Hub assets in the East Irish Sea (UK Continental Shelf). The Morecambe Hub comprises of six fields, three of which have been operated by Spirit Energy for…
20 November 2020
PGS Expands Angola Kwanza Shelf MultiClient 3D Coverage for 2021 Licensing
In partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), the latest 8 300 sq. km PGS fast-track dataset for Kwanza Shelf is now available for viewing. This survey offers key data for the Angolan 2021 License Round. The untapped hydrocarbon potential of the Kwanza Shelf is thought to…
20 November 2020
Fugro wraps up offshore field programme for Mayflower Wind in US
Fugro has successfully completed a large site characterisation field programme off the coast of Massachusetts for Mayflower Wind, a joint venture between Shell New Energies and Ocean Winds (the global offshore wind collaboration of Engie and EDP Renewables). The 6 month programme involved comprehensive, high resolution Geo data acquisition within…
20 November 2020
Pragma to begin P&A field trials for the oil and gas industry’s first additive manufactured, ultra-high expansion, bridge plug.
Aberdeen-based, oil and gas production technology business, Pragma, has combined innovative design and additive manufacturing (AM) techniques to bring the industry’s first 3D metal printed, ultra-high expansion, bridge plug to market. Pragma’s patented M-Bubble bridge plug has successfully completed final lab testing and is due to begin field trials by…
20 November 2020
Acquisition Of Interest In The Wahoo and Itaipu Fields
Petro Rio S.A. (the “Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general the signing of an agreement with BP Energy do Brasil Ltda. for the acquisition of interests of 35.7% in the BM-C-30 Block (“Wahoo” or “Wahoo Field”) and 60%…
20 November 2020
Announcement of 25th licensing round
The Ministry of Petroleum and Energy announced the 25th licensing round on 19th of November 2020, encompassing 136 blocks in the Norwegian Sea and the Barents Sea. The deadline to apply for the 25th licensing round is Tuesday, 23 February 2021 at 12:00. Applicants are encouraged to submit applications well…
20 November 2020
McDermott Awarded Pre-FEED Contract from Tata Steel for Project EVEREST
Applies McDermott's unparalleled carbon capture and storage experience Helps achieve 30 percent reduction of CO2 from steelmaking site Represents significant progress toward carbon-neutral steel production McDermott International, Ltd today announced it has been awarded a Pre Front-End Engineering Design (FEED) contract from Tata Steel B.V. for the Enhancing Value by…
19 November 2020
Hydrogen opens a prolific service industry as coming project spending bakes a $400 billion pie
A wave of green and blue hydrogen projects that are poised to be developed in coming years could unlock about $400 billion worth of spending for the service industry between 2020 and 2035, a Rystad Energy industry analysis reveals. The figure excludes separate carbon capture and storage (CCS) development contracts,…
19 November 2020
PETRONAS Calls For Stronger Regional Collaboration To Support Global Energy Transition
As more countries in Southeast Asia make strides towards embracing the global energy transition, PETRONAS has called for a stronger collaboration amongst ASEAN governments, energy players as well as the public and private sectors to collectively leverage on each other’s strengths in achieving a sustainable, low-carbon future. To date, ASEAN…
19 November 2020
McDermott Secures $560 Million in New Capital to Fund Future Growth
McDermott International, Ltd ("McDermott" or the "Company") today announced that it has secured approximately $560 million in new capital through a series of transactions expected to close by the end of the year. McDermott has secured commitments from certain existing lenders and shareholders (the "Investors") for these transactions, as well…
19 November 2020
RWE’s Hickory Park solar project with co-located storage facility under construction
195.5 MW facility in southwest Georgia to supply electricity from late 2021 Solar PV array coupled with 40MW 2-hour battery energy storage system Project benefits from 30-year utility contract Power Purchase Agreement with Georgia Power “The Hickory Park Solar plant will mark our first solar facility in Georgia and our…
19 November 2020
Falck Renewables and Eni US sign an agreement to acquire 30 mw solar project in Virginia
Falck Renewables North America, Inc. and Eni New Energy US, Inc. through Novis Renewables Holdings, LLC (Novis), a partnership with 51% and 49% shares respectively, signed today an agreement with Savion, LLC (Savion) to acquire the ready to build 30 MW Westmoreland Solar Project located in Westmoreland County, Virginia (US).…
19 November 2020
TGS Announces New Projects and Updates Annual Investment Guidance
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today commenced the Malvinas 3D program in Argentina. This survey was first announced to the market August 4, 2020. The BGP vessel Prospector will acquire approximately 5,000 square kilometers, which will bring the total coverage in…
19 November 2020
Dry well east of the Johan Castberg field in the Barents Sea – 7221/4-1
Lundin Energy Norway AS, operator of production licences 609 and 1027, has concluded the drilling of wildcat well 7221/4-1. The well was drilled in production licence 609 as a shared well between production licences 609 and 1027. The well was drilled about 30 kilometres east of the Johan Castberg field,…
19 November 2020
Drilling permit for wells 31/1-2 S and 31/1-2 A in production licence 923
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for wells 31/1-2 S and 31/1-2 A, cf. Section 15 of the Resource Management Regulations. Wells 31/1-2 S and 31/1-2 A will be drilled from the West Hercules drilling facility in position 60°57'4.92"N and 3°18'32.98"E after concluding the…
18 November 2020
US shale oil output set to stabilize in 2021 as cost efficiencies offset falling operator capex
US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as a result, 2020 average production is expected to fall by 3.1% year over year, or 7.5 million barrels per day (bpd) from 2019’s 7.7 million bpd, Rystad Energy estimates. The full-year trend…
18 November 2020
Increasing capacity on Johan Sverdrup to half a million barrels of oil per day
Once again, the Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year – around 60,000 barrels more than the original basis when the field came on stream. Equinor and its partners have tested the…
18 November 2020
Prysmian signed preferred bidder agreement for Sofia offshore wind farm project worth over €200 M
First ever offshore wind farm project for the Leonardo da Vinci cable-laying vessel Prysmian Group, world leader in the energy and telecom cable systems industry, has signed a preferred bidder agreement with RWE Renewables Sofia Offshore Wind Farm, the world’s second biggest offshore wind farm developer, for the development of…
18 November 2020
Shell and Ocean Infinity Collaborate To Provide Uncrewed Seep Hunting Capability
Shell and offshore robotic ship operator Ocean Infinity have signed a joint development agreement to combine expertise and assets to execute multiclient seep hunter projects. The combination of Shell’s specialist seep hunting expertise and Ocean Infinity’s ‘Armada’ fleet of robotic ships, will provide effective location targeting and wide scale coverage.…
18 November 2020
PM outlines his Ten Point Plan for a Green Industrial Revolution for 250,000 jobs
The Prime Minister today sets out his ambitious ten point plan for a green industrial revolution which will create and support up to 250,000 British jobs. Covering clean energy, transport, nature and innovative technologies, the Prime Minister’s blueprint will allow the UK to forge ahead with eradicating its contribution to…
18 November 2020
BOEM Proposes First Gulf Oil and Gas Lease Sale for 2021
The Bureau of Ocean Energy Management (BOEM) proposes to offer approximately 78.2 million acres for a region-wide Gulf of Mexico lease sale scheduled for March 2021. Lease Sale 257, scheduled to be livestreamed from New Orleans, will be the eighth offshore sale under the 2017-2022 Outer Continental Shelf Oil and…
18 November 2020
Aker Offshore Wind increases stake in Principle Power Inc
Aker Offshore Wind has increased its ownership in Principle Power Inc from approximately 20 percent to an expected 39 percent, after exercising an option to buy further shares in the floating wind technology company. “Principle Power is established as the industry leading provider of floating wind foundation technology, with more…
18 November 2020
Energean plc (“Energean” or the “Company”) Trading Statement & Operational Update – Karish Development 85% completed
Energean plc (LSE: ENOG, TASE: אנאג (is pleased to provide an update on recent operations and the Group’s trading performance in the 9-months to 30 September 2020 together with updated guidance for the full year. Mathios Rigas, Chief Executive of Energean commented: “In the third quarter, we have continued to…
17 November 2020
Exploration well completed on the Polmak prospect in the southern Barents Sea
Lundin Energy AB announces that its wholly owned subsidiary Lundin Energy Norway AS (together Lundin Energy), has completed exploration well 7221/4-1, targeting the Polmak prospect in licences PL609 and PL1027, in the southern Barents Sea. The well was dry. The main objective of the well was to prove hydrocarbons in…
17 November 2020
Global discovered oil and gas resources set to reach 10 billion boe in 2020, Russia in the lead
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year. Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe by year-end, a Rystad Energy analysis reveals.…
17 November 2020
Aker Solutions Calls for Cooperation to Create the New, Sustainable Jobs
In a bid to accelerate the transition to sustainable energy production, Aker Solutions has today launched a call to action urging industry, authorities and society to work together to achieve common goals. The company has launched its ‘#PowerTheChange’ campaign to highlight the potential opportunities. "As an industry we are facing…
17 November 2020
Expro wins major contract for riserless well intervention system
Expro Group Australia Pty Ltd, a subsidiary of Expro International Group Holdings Ltd, has secured a major contract for its innovative subsea riserless well intervention (RWI) solution, supporting Chevron Australia. The five-year contract is for the supply of light well intervention vessel services for the Chevron-operated Gorgon facility. The RWI…
17 November 2020
AGR Commence Decommissioning Operations Offshore Ireland
PSE Kinsale Energy Ltd, a wholly-owned subsidiary of PETRONAS, is decommissioning its gas fields in the Kinsale Area in the Celtic Sea, approximately 50 km off the south coast of Cork, Ireland. AGR’s Aberdeen-based team is overseeing the planning and decommissioning of 14 platform wells and 10 subsea wells during…
17 November 2020
Fugro and NYK set to expand offshore wind geotechnical services in Japan
Fugro and NYK Group (NYK) have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. They will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables projects. This strategic partnership will benefit from Fugro’s technical and operational expertise in offshore…
17 November 2020
Fred. Olsen Renewables and Hafslund Eco enter into collaboration for offshore wind in Norway
Fred. Olsen Renewables AS ("FORAS"), a wholly owned subsidiary of Bonheur ASA, has today entered into an agreement with Hafslund Eco to cooperate as equal partners on a 50/50 basis on development of offshore wind and transmission concepts in Norway. The combination of Hafslund Eco's competences as power producer and grid…
17 November 2020
CGG Awarded Large Offshore Malaysia Seismic Reprocessing Contracts by PTTEP
Subsurface Imaging, part of CGG’s Geoscience division, has been awarded two large-scale complex seismic reprocessing contracts by PTTEP. PTTEP is investing in the rejuvenation of pre-existing data sets from two regions offshore Malaysia by leveraging CGG’s recognized high-end imaging technology and long-standing processing experience in SE Asia. Over the course…
16 November 2020
Vestas wins 50 MW order in the UK
Vestas has secured a 50 MW order for the Sandy Knowe wind project from ERG, one of the leading wind energy operators in the European market. The project will be located in Scotland and will feature 14 V112-3.45 MW turbines in 3.6 MW Power Optimised Mode to maximise the site’s…
16 November 2020
Fugro and NYK Set To Expand Offshore Wind Geotechinal Services In Japan
Fugro and NYK Group (NYK) have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. They will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables projects. This strategic partnership will benefit from Fugro’s technical and operational expertise in offshore…