Search News
Latest News
21 October 2020
CGG Delivers Global Geothermal Resource Study To Support Client's Energy Transition Strategy
CGG announced today that its Geothermal Science group has delivered a global geothermal resource study to a major energy company. The study evaluates the scale of the potential for geothermal energy around the world and provides insight into the role this alternative energy source can play in electrical power generation…
21 October 2020
Van Oord shareholder in Saare Wind Energy
Following agreement between the parties, Van Oord is now a shareholder in Saare Wind Energy. Saare Wind Energy is developing the Saaremaa offshore wind farm in Estonia. The collaboration with Van Oord allows Saare Wind Energy to intensify the development process for this offshore wind farm, as financial support and…
21 October 2020
Preparing the onshore facilities for the Northern Lights project
In connection with the Northern Lights project, Equinor has signed a contract with Skanska for building site preparation and the construction of jetty facilities for the CO2 receiving terminal. Equinor will also sign a lease agreement with CCB Kollsnes for the area for the temporary project office. “Today we move…
20 October 2020
TDI-Brooks International, Inc. Completes EBS Program Offshore Ivory Coast
TDI-Brooks International, Inc., teamed with the French environmental firm Créocéan and Benthic Solutions, has completed an Environmental Baseline Studies (EBS) for TOTAL E&P Côte d’Ivoire, Ivory Coast. TDI- Brooks safely and efficiently deployed the R/V Proteus to blocks CI-705 and CI-706 to conduct seawater sampling and profiling (CTD rosette) as…
20 October 2020
Prosafe SE: Operational and financial update Q3 2020
Operational The fleet utilisation rate in the third quarter of 2020 was 16.4 per cent (Q3 2019: 48.2 per cent). Prosafe has been in discussions with several clients about existing contracts in light of Covid-19 and the oil price collapse, and has managed to protect its order book by moving…
20 October 2020
OFG and EMGS enter into a cooperation agreement
Ocean Floor Geophysics Inc (OFG) and Electromagnetic Geoservices ASA (EMGS) have announced today the signing of a cooperation agreement under which the two companies agree to work together on various projects to promote the use of marine CSEM technology. The agreement places specific emphasis on exploiting the obvious synergies between…
20 October 2020
Agreement To Sell Shallow Conventional Assets For Up To US$18 Million
Valeura Energy Inc. (TSX:VLE, LSE:VLU) (“Valeura” or the “Company”), an upstream natural gas company with assets in the Thrace Basin of Turkey, is pleased to announce that it has executed a Share Purchase Agreement (the “Agreement”) to sell its producing shallow conventional gas business to TBNG Limited (the “Buyer”) for…
20 October 2020
BHP Operational Review For The Quarter Ended 30th September 2020
We continue to safely operate through the COVID-19 pandemic and deliver strong outcomes. Group copper equivalent production increased by 2% in the September 2020 quarter following strong performances in metallurgical coal and iron ore, with record production achieved at Jimblebar. All production and unit cost guidance (based on exchange rates…
20 October 2020
SDLP - Seadrill Partners announces contract award for the West Vela
Seadrill Partners LLC (OTC:SDLPF) ("Seadrill Partners") has secured additional work for the West Vela in the US Gulf of Mexico with BP. The contract value for the firm portion is expected to be $23.8 million and the contract is expected to run until early of April 2021.
20 October 2020
Shelf Drilling Announces Contract Update For Main Pass I
Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced today that it has received a notification from customer on suspension of operations for the Main Pass I jack-up rig for a period of up to 12 months. The foregoing suspension at zero dayrate is effective October 2020 and…
20 October 2020
WIND officially opened her new European warehouse
WIND opens new European warehouse Last week WIND officially opened her new European warehouse and operational office at her cable storage yard in Velsen- Noord, the Netherlands. The new warehouse will be used to store accessories and equipment for offshore cable repair of array and export cables. WIND, market leader…
19 October 2020
Reserve revisions on the UKCS doom hydrocarbon output never to rise above 2 million boepd again
Hydrocarbon production on the United Kingdom’s continental shelf (UKCS) has dropped steadily since its peak at 4.3 million barrels of oil equivalent per day (boepd) in 1999, never exceeding 2 million boepd after 2010. Promising exploration results by Hurricane Energy in fractured basement reservoirs, previously untapped in the UK, were…
19 October 2020
TechnipFMC Awarded a Significant EPCI Contract for the Equinor Breidablikk Pipelay and Subsea Installation
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a significant(1) Engineering, Procurement, Construction and Installation contract by Equinor for the Breidablikk Pipelay, including option for the Subsea Installation scope located in the area close to the Grane Field, North Sea. The Breidablikk project is a tie-back to the existing Grane platform.…
19 October 2020
New PGS Data Package for 2020 Australian Offshore Petroleum Exploration Acreage
he regional study maps key horizons and ties wells across the entire shelf from the Northern Carnarvon basin through to the Bonaparte basin and provides commentary on the play types and key sequences expected in each basin. Well data has been integral to the study, guiding the PSDM velocity model…
19 October 2020
The national budget – consistent good project implementation
Most projects are delivered within budget according to the NPD report “Project implementation on the Norwegian shelf”, presented earlier this year. “Updated cost estimates in connection with the national budget show that these conclusions still hold true, even despite a period greatly impacted by the corona pandemic and where several…
19 October 2020
Contract award
Reach Subsea ASA (“Reach”) has been awarded a contract for use of the Olympic Challenger in a project in the Gulf of Mexico. The contract, which does not include ROVs, is set to commence in November with a firm period lasting through 1Q2021 and with options to extend towards the…
19 October 2020
Shell Deepwater Selects Bentley’s iTwin Platform for Project Delivery
Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twin cloud services for advancing the design, construction, and operations of infrastructure today announced that Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil. With a…
19 October 2020
BOEM Announces Region-Wide Oil and Gas Lease Sale for Gulf of Mexico Sub title Final Notice of Sale Outlines All Available Areas in Federal Waters
In keeping with the Trump Administration’s goal of strengthening America’s energy independence, the Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank and Gulf of Mexico Regional Director Mike Celata today announced that BOEM will offer approximately 78 million acres for a region-wide lease sale scheduled for November 18,…
19 October 2020
Polarcus Awarded 3D Project In West Africa
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces a letter of award has been received for 3D seismic data acquisition services in West Africa with an expected duration of two months. The project is scheduled to commence in Q4 2020.
16 October 2020
CGG Launches Walker Ridge Reimaging Program in the Gulf of Mexico
CGG has announced the start of a new seismic data reimaging program in the prospective Walker Ridge area, as part of a major reimaging campaign being conducted in the Gulf of Mexico. The Walker Ridge program covers approximately 300 OCS blocks including two priority areas of significant industry interest. Advanced…
16 October 2020
PGS Releases Final Data from GeoStreamer X Viking Graben 2019
Full integrity PSDM data from PGS’ GeoStreamer X Viking Graben 2019 program in the Lille Prinsen area is now available. The data delivers an impressive uplift in subsurface resolution. The highly prolific Viking Graben has seen spectacular exploration successes over several decades. This is an area with multiple proven and…
16 October 2020
OKEA - Ministry approval of the acquisition of the Aurora discovery from Equinor
OKEA - Ministry approval of the acquisition of the Aurora discovery from Equinor Trondheim, 15 October - Reference is made to the stock exchange notice of 15 July where OKEA ASA ("OKEA" or the "Company") announced that the Company had signed a Sales and Purchase Agreement (SPA) with Equinor Energy…
16 October 2020
The Crown Estate updates timings for final tender stage of Offshore Wind Leasing Round 4
The Crown Estate is nearing the completion of the second of its three tender stages for Offshore Wind Leasing Round 4 and has now updated the intended timeline for the final tender stage. Round 4, which seeks to identify at least 7GW of new offshore wind projects in UK waters,…
16 October 2020
PGS Delivers Fast Track Data on Campos Basin Acreage for Brazil 17th Round
PSDM products are now available from the PGS Campos Deepwater GeoStreamer X survey over the emerging play in the outboard Campos Basin. The data targets acreage to be offered in Brazil's 17th Bidding Round, plus presalt open acreage adjacent to Albacora and Marlim Leste fields.Campos Deepwater Coverage The new dataset…
16 October 2020
Seabed Geosolutions Secures Two 4D Ocean Bottom Node Surveys in Brazil
Seabed Geosolutions has secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil.The project is to be acquired in water depths greater than 2,200m and the baseline survey is scheduled to commence in the second quarter of…
15 October 2020
Oceaneering Awarded BOP Tethering Services Contract from Petrobras in Brazil
Oceaneering International, Inc. (“Oceaneering”) is proud to announce that the company has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition and real-time riser analysis for dynamic…
15 October 2020
Tulip Oil Holding BV Quarterly Update Press Release 4Q 2020
Tulip Oil Holding B.V. (“Tulip Oil” or the “Company”) is pleased to announce the latest quarterly update on its oil and gas exploration and production businesses in the Netherlands and Germany.view update
15 October 2020
Equinor collaborates with Microsoft on Northern Lights carbon capture and storage value chain
Equinor has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to support the Northern Lights carbon capture and storage (CCS) project as a technology partner. Microsoft will explore using the project to enable the transportation and storage of captured CO2 . Equinor is developing the project together…
15 October 2020
TechnipFMC Invests and Enters into a Strategic Collaboration with McPhy to Accelerate Green Hydrogen
TechnipFMC signed a Memorandum of Understanding (MoU) with McPhy a leading manufacturer and supplier of carbon-free hydrogen production and distribution equipment, pursuant to which the two companies will jointly work on technology development and project implementation. TechnipFMC is also making an equity investment in McPhy. TechnipFMC’s Technip Energies segment is a…
15 October 2020
Weatherford achieves industry first in Gulf of Mexico
Weatherford International plc (OTC Pink: WFTLF) announced today its Shallow Angle QuickCut™ System successfully achieved the industry’s first 12 ¼-in. casing sidetrack, delivering a 22-ft. window in a single trip for an ultra-deepwater well in the Gulf of Mexico. “The operator contacted Weatherford to perform a Gulf of Mexico ultra-deepwater…
15 October 2020
TenneT investigates biodiversity improvement at North Sea cable intersections
TenneT starts a pilot designed to improve biodiversity at cable intersections in the North Sea. In cooperation with offshore specialist Van Oord, different types of stone will be deposited at cable intersections to investigate which application best stimulates biodiversity. In total, twelve sites are involved. At these sites, the recently…
15 October 2020
OWC advises on geohazards for Polish offshore wind
OWC has identified significant geohazards that developers should address following a study of the geological conditions of the Polish sector of the Baltic Sea. “We have identified numerous key potential geohazards such as boulders, shallow gas, geological faults, chalk and lateral variability of the soil conditions with some bedrock depth…
15 October 2020
Oceaneering Awarded BOP Tethering Services Contract from Petrobras in Brazil
Oceaneering International, Inc. (“Oceaneering”) is proud to announce that the company has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition and real-time riser analysis for dynamic…
14 October 2020
Wood secures $75m Mariner contract with Equinor
Wood has further strengthened its relationship with Equinor by securing a new contract to support the international energy company’s operations at the Mariner field in the UK Continental Shelf (UKCS). Wood has entered into a three-year agreement to deliver operations, maintenance, modifications, and offshore services on the Mariner A platform…
14 October 2020
GDG to work on INFOMAR Seabed Mapping Programme
GDG advises Irish Government Department on future of national seabed mapping programme Specialist geotechnical engineering consultancy, Gavin & Doherty Geosolutions (GDG), has been selected to undertake an important scope of work within the Offshore Renewable Energy (ORE) sector in Ireland. Commissioned by Geological Survey Ireland (GSI) - a Division of…
14 October 2020
Guidelines for production permit applications now updated
The revised guidelines for production permit applications are now ready for use. The update is part of the effort to simplify and streamline processes in the Norwegian Petroleum Directorate (NPD). One of the important improvements is that applications for production permits are more closely linked to submission of the RNB…
14 October 2020
The Trans Adriatic Pipeline is Complete
After almost four and a half years since the start of construction, the Trans Adriatic Pipeline is substantially complete. The TAP pipeline has been filled with natural gas from the Greek-Turkish border up to the pipeline receiving terminal in Southern Italy. TAP is currently finalising preparations for launching the commercial…
14 October 2020
Tocardo Acquires the Largest Tidal Array in the World
Tocardo has come to an agreement on the acquisition of the 1.25MW Oosterschelde Tidal Power Plant, the largest tidal array in the world installed on the Dutch icon Oosterscheldekering. The acquisition follows the successful technical due diligence phase during September 2020. The project is an important step for the global…
13 October 2020
Zennor Announces Completion of 2020 Finlaggan Subsea Installation Campaign
Zennor Petroleum Ltd (“Zennor”) is pleased to announce that the 2020 Finlaggan subsea installation campaign, utilising three separate vessels mobilisations over the summer, has been safely completed. The Finlaggan manifold was installed adjacent to the two Finlaggan production wells (F1 and F2). This 145-tonne structure will allow well stream level…
13 October 2020
DOF Subsea has been awarded a MPSV contract on the Mero Field in Brazil
The DOF Group is pleased to announce another contract award in Brazil for Libra Consortium, supporting Petrobras' operation activities on the Brazilian continental shelf. Petrobras has awarded DOF Subsea a 3 years MPSV vessel contract for Mero field. Skandi Salvador is the vessel that will operate 2 x WROV for…
13 October 2020
Swire Blue Ocean is becoming Cadeler
Earlier today, Swire Pacific Offshore announced its intention to list Swire Blue Ocean on the Oslo Stock Exchange. In connection with the listing, Swire Blue Ocean will undergo a full rebranding, and future operations will be executed under a new name: Cadeler. Swire Blue Ocean said: "We are taking on…
13 October 2020
DNV GL and Aker BP successfully perform remote surveys of offshore cranes as demand for distanced inspections accelerates
DNV GL led a pilot project with Aker BP to remotely perform inspections on three of their offshore cranes on the Norwegian Continental Shelf. In line with Aker BP’s strategy of minimizing its operational carbon footprint, DNV GL performed remote safety inspections of one box boom pedestal crane on the…
13 October 2020
Triton Knoll pre-assembly hub ramps up activity
MHI Vestas has moved in to Able Seaton Port (ASP) in Hartlepool ready to install 90 of its V164-9.5 MW turbines at the Triton Knoll project in Q1 2021. This signals a major ramp up in MHI Vestas’ UK offshore wind activity supporting the leading role of offshore wind in…
13 October 2020
Major supply chain consultation launched to support offshore wind growth in Massachusetts
Working on behalf of the Massachusetts Clean Energy Center (“MassCEC”), Xodus and BW Research, in coordination with Greentree Consulting and the Massachusetts Manufacturing Extension Partnership, will deliver a comprehensive offshore wind supply chain assessment and gap analysis. This will be based on the requirements of both developers and tier one…
13 October 2020
Neptune Energy digitalises drilling & wells with Halliburton Cloud Applications
Neptune Energy today announced it will adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities, improve efficiency and significantly reduce non-productive time, leading to potential annual savings of more than $20 million. The three-year agreement – part of Neptune’s digital subsurface…
12 October 2020
ION completes Phase 1 of North Sea 3D multi-client program ahead of schedule
ION Geophysical Corporation today announced the initial phase of the Company's North Sea 3D multi-client program was acquired safely and ahead of schedule. While the majority of the up to ~11,000 sq km industry-supported survey will be acquired next summer, this initial phase enables the Company to complete the entire…
12 October 2020
Lukoil Proceeds with Filanovsky Field Phase Two Development
Deputy Prime Minister of the Russian Federation Yury Borisov and President of LUKOIL Vagit Alekperov launched phase two of the development drilling campaign of the Offshore Ice-Resistant Fixed Complex 2 (OIRFC 2) at Vladimir Filanovsky field in Astrakhan, Russia, today. The second phase aims to keep oil production at the…
12 October 2020
Talos Energy Provides Operational and Financial Guidance Updates
Talos Energy Inc. today provided operational updates related to ongoing and future drilling and completions projects as well as recent weather event impacts. The Company also provided updates to its financial guidance.The Company's 2020 capital program has been successful with all drilling and completions projects working as expected or better, most…
12 October 2020
Ironbark-1 Rig Mobilisation
Ocean Apex drilling rig mobilised for Ironbark-1 exploration well The Ocean Apex semi-submersible drilling rig was handed over to BP, the operator of the WA-359-P joint venture, for the drilling of the Ironbark-1 exploration well at 1600hrs (AWST) on Friday afternoon. The rig is now being mobilised to the Ironbark-1…
12 October 2020
Keppel secures contract worth about S$600m in the offshore renewable energy industry
Keppel Offshore & Marine Ltd (Keppel O&M) has secured a contract valued at approximately S$600m from an energy company for the engineering, procurement and construction of a vessel for the offshore renewable energy industry. This is in line with Keppel Corporation’s Vision 2030, which includes seeking opportunities in providing renewable…