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6 November 2020
Purchase of SA Killanoola Oilfield from Beach and Capital Raise
Red Sky enters a conditional sale and purchase agreement to acquire Beach Energy’s interests in the Killanoola oil project (“Killanoola”), comprising a 100% interest in PRL 13. • The acquisition (which is subject to regulatory approvals) offers: a prime Penola trough address near term production options from well-maintained shut in…
6 November 2020
Update on the Tyra Redevelopment Project
Norwegian Energy Company ASA (“Noreco” or “the Company”) announces today the following update on the Tyra Redevelopment Project: As a consequence of the ongoing COVID-19 pandemic, first production from the Tyra Redevelopment is expected in Q2 2023 instead of 2022 as previously communicated. The project remains on track to be…
6 November 2020
Sale Of Interest in Manti Field
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), informs its shareholders and the market in general that it has signed binding documents with Gas Bridge SA (“Gas Bridge”), concerning the sale of the 10% interest held by the Company in the Manati Field (“Field” or “Manati”). Total transaction value is…
6 November 2020
SeaBird Exploration Plc: new contract award
SeaBird Exploration has received a letter of award for a 2D survey in the Asia Pacific region. The survey is expected to start in Q1 2021, with an estimated duration of 120 days. SeaBird is a global provider of high quality marine seismic operations within the source vessel and 2D…
5 November 2020
Luxcara acquires largest independent PV project in Germany from Belectric
ELECTRIC has developed the currently largest German PV project that is not owned by a utility, and now sold it to Luxcara, an independent asset manager for renewable energy and infrastructure investments headquartered in Hamburg. Luxcara has selected BELECTRIC to build and operate the 172-MW solar farm. The contracts for…
5 November 2020
Gazprom obtains record-high gas inflow on Kara Sea shelf
Another set of tests has been performed in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production center. Earlier, the well helped discover a new deposit in the lower levels. In the course of the exploration activities, commercial gas inflow of over 1…
5 November 2020
Triton Knoll marks project firsts as blades arrive at Seaton Port
Triton Knoll is marking a series of project ‘firsts’ as turbine blades destined to be installed at the 857MW offshore wind farm, arrive at its chosen construction port in Teesside. Able Seaton Port, near Hartlepool, is receiving offshore wind turbine components for the first time in its history, after a…
5 November 2020
Transaction with Nordex closed: RWE strengthens its market presence in France
Acquisition of 2.7 gigawatts project pipeline from Nordex successfully concluded Strong foundation for further expansion of RWE’s renewables business in Europe Nordex’ mostly France-based development team joining RWE Renewables ”The successful closing of our transaction with Nordex gives us strong market presence in France, one of our target markets. Right…
5 November 2020
GC Rieber Shipping: Shearwater GeoServices and CGG have agreed to suspend technology partnership negotiations
Reference is made to the stock exchange notice on 4 June 2019, where it was announced that GC Rieber Shipping ASA's 19% owned geoservices company Shearwater GeoServices Holding AS ("Shearwater") planned to establish a marine streamer technology partnership with CGG S.A. (CGG). Due to the downturn in the oil and…
5 November 2020
Deltic Energy Plc ("Deltic" or "the Company") P2252 Licence Update and confirmation of drilling schedule
Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, provides an update on activity relating to Licence P2252 which contains the Pensacola Prospect ("the Licence"). · Shell UK ("Shell" or "the Operator"), has reiterated…
5 November 2020
Maersk Drilling awarded three-well contract by Petrogas
Maersk Drilling has secured a contract from Petrogas E&P Netherlands B.V. for the harsh environment jack-up rig Maersk Resilient to drill three wells at the B13 and A12 fields in the Dutch sector of the North Sea. The contract is expected to commence in November 2020 and has an estimated…
5 November 2020
Covid-19 and energy transition will expedite peak oil demand to 2028 and cut level to 102 million bpd
The Covid-19 pandemic and the acceleration of the energy transition have led Rystad Energy to significantly revise its long-term oil demand forecast. The virus is expected to have a lasting impact on global oil demand, which we now see peaking at 102 million barrels per day (bpd) in 2028. Before…
4 November 2020
CWind and Rovco Complete ROV Project at East Anglia ONE Offshore Windfarm
Rovco are happy to announce that they have successfully completed the first stage of our long-term contract awarded by CWind for their annual subsea balance of plant (BOP) and cable inspection works at East Anglia ONE offshore windfarm. CWind, part of the Global Marine Group, was awarded a multi-year framework…
4 November 2020
Leading the way to a cleaner future: Siemens Gamesa powered by 100% renewable electricity worldwide
Driven by this achievement, Siemens Gamesa doubles its CO2 savings within just one year to 80,000t CO2 annually The company meets its target five years ahead of its original schedule and advances in its roadmap to achieve net-zero emissions by 2050 Companies in the industrial sectors account for more than…
4 November 2020
Independent Oil and Gas plc Corporate and Operational Progress One Year on from FID
Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the UK gas company targeting high returns via an infrastructure-led hub strategy, is pleased to update on the substantial progress in the year since Final Investment Decision (FID) on Phase 1 of its Core Project in the UK Southern…
4 November 2020
Eni joins Ocean Energy Europe, the leading European organisation in the sector
Eni joins, as lead partner, Ocean Energy Europe (OEE) and the Board of Directors of the organisation, the largest European network for the development of ocean energies. In this position, the company will collaborate to chart the strategic course of OEE, for the promotion of a policy framework in support…
4 November 2020
G8 Completes Singapore Northern Woodlands Cable Landing
G8 SUBSEA has recently successfully completed the landing and pull-in of the world's first Submarine cable for Offshore Solar power and data. The Northern cable landing is situated at Woodlands is being installed to transmit critical data back to mainland with over 5MW of clean renewable energy back to the…
4 November 2020
Well-Safe Solutions secures major investment following the acquisition of their second asset
ollowing the recent acquisition of their second asset, Well-Safe Solutions has secured a significant £26 million investment to fund the next phase of its growth plan. The further investment into the decommissioning company was led by MW&L Capital Partners, following their initial investment of £66 million to the company back…
4 November 2020
First E&P commences oil production
The Nigerian National Petroleum Corporation ("NNPC") and FIRST Exploration and Petroleum Development Company ("FIRST E&P") Joint Venture is pleased to announce the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. OMLs 83 & 85 are in the shallow waters offshore Bayelsa…
4 November 2020
Contract extension for Skandi Africa
DOF Subsea is pleased to announce an award for Skandi Africa for a 2-year contract extension. The new contract will commence in direct continuation with the current contract. Skandi Africa is a high-end subsea vessel designed for harsh environment and deepwater subsea construction and flexlay operations. DOF Subsea CEO, Mons…
4 November 2020
Baker Hughes Signs Agreement to Acquire Compact Carbon Capture Technology to Advance Industrial Decarbonization
Baker Hughes (NYSE: BKR) announced today it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial…
4 November 2020
Completion of sale of 51% interest in Mexican operations
Further to its statement on 19 September 2019, Petrofac Limited (“Petrofac”) announces that the Group has completed the sale of its remaining 51% interest in its upstream IES operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco Energies International Limited (“Perenco”). Perenco now owns 100% of the operations in…
3 November 2020
Dolphin Drilling expands presence in Norwegian Continental Shelf with new combined contract for exploration and plug and abandonment
The contract will see Dolphin Drilling support both ends of the well lifecycle, with work confirmed for one exploration well plus plug and abandonment (P&A) activity on three wells on the Norwegian Continental Shelf (NCS). The initial programme of work will start in Q1 2021 using the Borgland Dolphin for…
3 November 2020
Aker Offshore Wind receives funding for Norwegian offshore wind study
Aker Offshore Wind has been awarded a grant from Enova, Norway’s innovation fund for environmentally friendly technologies, for a pre-project that aims to reduce costs and increase maturity in important technical segments of offshore floating wind. The overall objective is to better understand how technical solutions can enable use and…
3 November 2020
AGR awarded Frame Agreement with Vår Energi
AGR announced that they have been awarded a Frame Agreement with Vår Energi AS to supply temporary contract workers across their extensive operations on the Norwegian Continental Shelf. The Agreement covers supply of Offshore, Subsurface, Drilling & Wells, IT & other Technical, HSEQ and Administrative consultant personnel. The services will…
3 November 2020
Tritech Launch Diver Mounted Display (DMD)
Tritech International Ltd, a Moog company, are excited to announce the official launch of the Diver Mounted Display (DMD) system. The system was originally developed as a prototype (the HMD) and has been developed into a full product, incorporating user feedback and advancements in design. The DMD comprises of topside…
3 November 2020
New Bittern well on production
Tailwind Energy Ltd (Tailwind) is pleased to announce the safe and successful drilling, completion and flow-back of the B5 production well in the Bittern Field, UKCS.B5 is a sidetrack of an existing Bittern well and has been a close collaboration between the field operator, Dana Petroleum (E and P) Limited,…
3 November 2020
BW Energy: Acquisition of jack-ups to be converted for Dussafu developments and Q3 production update
BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilising a converted jack-up rig to reduce investments and time to first oil. Subsequently, the Company has acquired two jack-up drilling rigs, the 2003-built sister-units “Atla” and “Balder”, from Borr…
3 November 2020
PGS Expands Angola MegaSurvey in Lower Congo Basin
PGS and ANPG recently expanded the Angola MegaSurvey to include Block 16 PSTM GeoStreamer data, increasing 3D seismic data coverage over the prolific Lower Congo Basin. Block 16 and multiple blocks in the surrounding area are included in the 2021 license round, making this an interesting target for future exploration.…
3 November 2020
Dresser Natural Gas Solutions acquires Flow Safe
Dresser Natural Gas Solutions (Dresser NGS), a leading provider of measurement, electronics, instrumentation and distribution repair products to the gas utility market, has acquired Flow Safe, a leading manufacturer of spring-operated and pilot-operated high-performance pressure relief devices based in Orchard Park, NY. The Flow Safe product line focuses on applications…
2 November 2020
Global E&C Awarded Bluewater Contract
Engineering, Procurement and Construction (EPC) provider Global E&C has been awarded an engineering and modification support services contract for Bluewater’s Floating Production Storage and Offloading (FPSO) assets in the UKCS. This contract will see Global E&C supporting the delivery of engineering modifications for the Aoka Mizu and Haewene Brim FPSO’s…
2 November 2020
Minor gas discovery near the Maria field in the Norwegian Sea – 6407/1-8 S
Equinor Energy AS, operator of production licence 263 D, has concluded the drilling of wildcat well 6407/1-8 S. The well was drilled about 9 kilometres east of the Maria field in the Norwegian Sea, and about 210 kilometres north of Kristiansund. The objective of the well was to prove petroleum…
2 November 2020
Contract award for subsea vessels in Brazil
Solstad Offshore ASA is pleased to announce that the current contract of RSV Far Saga with PETROBRAS has been extended for a period of 1 year starting on Oct 30th, 2020. Far Saga has been operating in Brazilian water since 2014. In addition, PETROBRAS has confirmed the replacement of Far…
2 November 2020
Lamprell awarded engineering project by IMI
Lamprell is pleased to announce that it has been awarded a medium-sized* contract by International Maritime Industries (IMI) to undertake engineering design services. Starting immediately and extending over the next three years, the work will be undertaken in two parts: an initial phase incorporating full detailed design engineering, followed by…
2 November 2020
Hibiscus Petroleum Group Successfully Completes the St Joseph Minor Sands Infill and Major Sands Redevelopment Infill Drilling Campaign
Hibiscus Petroleum Berhad is pleased to announce that its wholly owned subsidiary, SEA Hibiscus Sdn Bhd (“SEA Hibiscus”), has safely and successfully completed the St Joseph Minor Sands Infill and Major Sands Redevelopment Infill Drilling Campaign in September 2020, in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract…
2 November 2020
CNOOC Limited Announces Liuhua 29-1 Gas Field Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Liuhua 29-1 gas field has commenced production. The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometers northeast of Liwan 3-1 gas field, with water depth of about 640 to 785 meters.…
2 November 2020
NSF enables groundbreaking science with $125 million in mid-scale infrastructure investment
For decades, the U.S. National Science Foundation has funded infrastructure that allows scientists to push the frontiers of science and engineering. Agency-wide programs have supported construction of large facilities and small instruments, but until recently, NSF had no such program dedicated to mid-scale projects that fall between those categories. Mid-scale…
2 November 2020
Prime Minister Erna Solberg opened the world’s largest test facility for CO2 transport
On Friday, 30 October, Prime Minister Erna Solberg opened the world’s largest CO2 transport test facility at Equinor in Porsgrunn. The test facility transports CO2 in pipelines, both in gas and liquid form. The objective is to learn more about how CO2 behaves during pipeline transport, which is important knowledge…
30 October 2020
Vestas and Mitsubishi Heavy Industries strengthen partnership in sustainable energy
Vestas Wind Systems A/S (Vestas), a world leader in sustainable energy solutions, and Mitsubishi Heavy Industries, Ltd. (MHI), a leading global manufacturing and engineering firm, have signed an agreement to expand their partnership in sustainable energy. The strengthened partnership entails that Vestas will acquire MHI's shares in the MHI Vestas…
30 October 2020
DNV GL provides technology qualification services for aerodyn’s new floating offshore wind design
DNV GL, the world's largest resource of independent energy experts and certification body, has awarded aerodyn engineering with a statement of feasibility for its double rotor floating wind turbine concept nezzy². This statement, based on DNV GL’s technology qualification services, confirms that the floater is designed to state-of-the-art safety, quality…
30 October 2020
DemoSATH construction is set to begin
Together with RWE Renewables, we have selected leading global infrastructure operator Ferrovial for the manufacturing and assembly of the SATH floating platform in the DemoSATH project. The construction package will last 14 months and covers site preparation, concrete precasting, procurement of steel bulkheads and assembly of the floater along with…
30 October 2020
French and swedish team up to optimize serial production of concrete floaters
Ideol and Bygging Uddemann (BYUM) combine their world leading and fully complementary knowhows and signed a formal collaboration agreement aiming at further guaranteeing the on-time and on-budget delivery of Ideol’s concrete floaters for offshore wind, building on existing and proven construction methods. Ideol, a recognized leader in floating offshore wind,…
30 October 2020
MAN Compressor Technology for largest FPSO Vessel offshore Brazil
MAN Energy Solutions receives order for seven compressor trains for new FPSO off Brazilian coast MODEC, the leading supplier and operator of offshore systems for the global oil and gas industry, has commissioned MAN Energy Solutions to supply a total of five radial compressor and two screw compressor trains for…
30 October 2020
CSA Ocean Sciences Inc. and SeaRobotics Corp. Enter Into Joint Development of Advanced ASV Platform
CSA Ocean Sciences Inc. (CSA) and SeaRobotics Corp. (SRC), both based in Stuart, Florida, today announced the joint development of the next generation Utility Class Autonomous Surface Vessel (ASV). Based on the highly successful, fully integrated SR-Surveyor M1.8 ASV, introduced by SRC in 2019, the new Utility Class ASV will…
30 October 2020
The OGA stresses key role of licence management in maximising economic recovery
The Oil and Gas Authority (OGA) is working with industry to drive improvements in the management of licences, after a review showed patchy compliance in some areas. The OGA has today published its Thematic Review into Industry Compliance with Regulatory Obligations. The review recognises that industry is improving, following earlier…
30 October 2020
Market dialogue on Hesselø Offshore Wind Farm
Between November 25 and 30, 2020, the Danish Energy Agency and Energinet will host a market dialogue for potential tenderers and the industry on the coming Hesselø Offshore Wind Farm tender. Hesselø Offshore Wind Farm is the second offshore wind farm agreed in the Energy Agreement of June 2018. With…
29 October 2020
Ardyne secures contract to expand North Sea expertise to China
Ardyne, the Aberdeen-based fishing, milling and casing recovery provider, is to introduce its technology and expertise to the Bohia Bay basin in China after securing a contract with a major Chinese oil company. As part of the agreement, which was signed earlier this month, the company will use UK engineering…
29 October 2020
Increased offshore wind ambition by 2030
The Scottish Government has set a new ambition to increase offshore wind capacity to 11 gigawatts (GW) of energy installed by 2030 – enough to power more than eight million homes. The aim of substantially increasing the offshore wind capacity in Scottish waters supports the delivery of Scotland’s 2017 Energy…
29 October 2020
OPT Contracts With ACET for U.S. Navy SLAMR Initiative
Ocean Power Technologies has been contracted by Reston, Virginia-based Adams Communications & Engineering Technology (ACET) to conduct a feasibility study. The evaluation of a PB3 PowerBuoy® power and 5G communications solution comes in support of the U.S. Navy’s Naval Postgraduate School’s (NPS) Sea, Land, Air, Military Research (SLAMR) Initiative, which…
29 October 2020
Profitable exploration on the Norwegian shelf
Exploration activity on the Norwegian shelf is profitable in all areas and minor discoveries account for a significant share of value creation. There are still vast remaining resources in all areas. These are among the main conclusions in the Norwegian Petroleum Directorate's new resource report for exploration, which was presented…