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12 October 2020
Akastor ASA: Restructuring of DDW Offshore completed
Reference is made to the stock exchange release dated 27 August 2020 regarding the restructuring of DDW Offshore AS (previously named DOF Deepwater AS). Final agreements consistent with the key principles set out in the release have been entered into by all parties. Effective from 9 October 2020, Akastor AS…
9 October 2020
McDermott, Schneider Electric and io consulting Join Forces to Develop Net Zero Upstream Facilities
McDermott International, Ltd, Schneider Electric and io consulting today announced a collaboration to advance research and design of carbon-neutral facilities for the upstream oil and natural gas market. The three companies will combine their capabilities and resources to explore and develop a proof of concept based on an offshore platform…
9 October 2020
Noble Corporation plc Announces Contract Extension In Guyana
Noble Corporation plc (OTC-PINK: NEBLQ, the Company) announced that the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement ("CEA") with ExxonMobil for work offshore Guyana. The Noble Tom Madden was previously contracted until mid-February 2024 and the additional…
9 October 2020
Green hydrogen plans already top 60 GW, but less than half is likely to operate by 2035 as costs bite
Proposed green hydrogen projects are surging across the globe as governments seize opportunities afforded by post-pandemic green stimulus packages. Rystad Energy research shows the global pipeline of utility scale green hydrogen developments, meaning projects with capacities greater than 1 megawatt (MW), now exceeds 60 gigawatts (GW), with 87% of this…
9 October 2020
Neptune Energy acquires additional interest in Dugong discovery
Neptune Energy today announced agreement with Concedo AS for the acquisition of a further 5% interest in the Dugong licence (PL882) in the Norwegian sector of the North Sea. On completion of the acquisition, Neptune will have a 45% interest in Dugong. The payment will be partly cash, partly carry…
9 October 2020
Fraser Well Management continues growth following new well operatorship contract
Bridge Petroleum Limited, a UK-based independent oil and gas development and production company, has appointed well engineering and project management specialist Fraser Well Management (FWM) to operate the suspended appraisal well in the Galapagos field in the Northern North Sea. FWM launched its new turnkey well operatorship division earlier this…
9 October 2020
PGS Delivers First Data from East Shetland Platform 2020
Fast-track images are now available on PGS' broadband 3D GeoStreamer survey of the East Shetland Platform. This survey covers frontier and mature areas relevant for the UK 32 Round with new broadband seismic to enable reliable hydrocarbon assessment. PGS has employed the latest acquisition and imaging technology to obtain high-quality…
9 October 2020
Lukoil and Kazmunaygas Sign Agreemnet On AL-Farabi Project
President of LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas (KMG) Alik Aidarbayev signed an agreement on the Al-Farabi Project (formerly I-P-2 license block) in the Kazakh Sector of the Caspian Sea. The agreement defines rights and obligations of LUKOIL and KMG as future license…
9 October 2020
SeaRobotics Corporation to Supply ASVs to the U.S. Naval Research Laboratory
SeaRobotics Corporation, a leading developer of unmanned marine systems, announced a contract award to supply multiple SR-Surveyor M1.8 ASVs to the U.S. Naval Research Laboratory (NRL) to help the Department of the Navy develop its advanced autonomy research program. The SR-Surveyor M1.8 is a tightly integrated, 1.8-meter long ASV designed…
9 October 2020
Productive mineral expedition
The Norwegian Petroleum Directorate (NPD) has conducted another search for seabed minerals – this time facilitated by the use of new technology, new in this context, that is. The Island Valiant was the vessel used by the NPD during the five-week expedition on the Mohn Ridge in the northwestern Norwegian…
9 October 2020
Airborne Oil & Gas reinforces its energy transition journey as Strohm
CLeading manufacturer of Thermoplastic Composite Pipe (TCP) Airborne Oil & Gas, has changed its name to Strohm from today (Thursday 8th, October 2020). The launch of the new brand comes as the organisation confirms its commitment to the oil and gas sector’s energy transition and accelerates its strategic growth into…
8 October 2020
Subsea 7 awarded contract extensions in Brazil
Subsea 7 today announced an agreement with Petrobras to extend by one year the current long-term day-rate contracts for three pipelay support vessels (PLSVs) operating offshore Brazil. The extensions have a combined value of approximately USD 155 million, net of agreed reductions to the current day-rates, and increase the backlog…
8 October 2020
RWE U.S. onshore wind farm Cranell starts commercial operation
Completion of 220-megawatt project expands RWE U.S. onshore wind capacity Green electricity capacity for more than 66,000 households Almost 1 gigawatt of onshore wind projects are under construction in the U.S. to grow RWE’s renewables capacity “North America is one of our focus markets, with a strong development pipeline in…
8 October 2020
Proserv and Synaptec sign strategic alliance agreement
The arrangement will lead to the roll-out of multiple technologies applicable to several energy sectors, including offshore wind and upstream oil and gas. Leading controls technology company Proserv Controls has penned a strategic alliance with power system monitoring leader Synaptec to develop a cutting-edge integrated holistic cable monitoring system, which…
8 October 2020
Energy integration in action: Eni project awarded carbon storage licence
The Oil and Gas Authority (OGA) is pleased to announce it has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to Eni UK Limited (Eni). The CS licence will cover an area located within the Liverpool Bay area of the East Irish Sea. Under the CS licence,…
8 October 2020
Drilling permit for well 6507/5-10 S in production licence 891
The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a drilling permit for well 6507/5-10 S, cf. Section 15 of the Resource Management Regulations. Well 6507/5-10 S will be drilled from the Leiv Eiriksson drilling facility in position 65°31'21.70"N and 07°29'21.91"E after concluding the drilling of wildcat well 6507/4-1 for…
8 October 2020
OKEA ASA – Yme New Development project update
Today, the Government published the Proposed National Budget which includes an updated investment estimate for the Repsol-operated Yme New Development project. OKEA ASA (“OKEA” or the “Company”) has previously provided market updates on the status of the project, including a revision of the estimated production start-up to 2021. A significant…
8 October 2020
Covid-19 pandemic and weakened Norwegian krone drive cost increases for projects under development, postponing the start-up of some projects
Equinor is the operator of 20 projects under development on the Norwegian continental shelf, or at Norwegian onshore plants. The Covid-19 pandemic and weakened Norwegian krone have negatively impacted some of the projects, but the combined project portfolio is still very resilient. In the National budget published today, 7 October…
8 October 2020
Equinor and partners progress plan for zero carbon industrial cluster in the UK
Equinor, together with eleven other companies and organisations, has submitted a joint proposal to create a low carbon cluster in the Humber, the UK’s largest and most carbon-intensive industrial region. The application by the Zero Carbon Humber (ZCH) Partnership is a first step to creating the world’s first net zero…
8 October 2020
Zero-emission Turbine Installation Is Today's Reality
Ulstein's second hydrogen hybrid design for the offshore wind industry, the ULSTEIN J102 zero emission wind turbine installation vessel (WTIV), can operate 75% of the time in zero emission mode. Using readily available technology, the additional cost is limited to less than 5% of the total CAPEX. Most new jack-up…
8 October 2020
McDermott Announces Shipment of First MODEC FPSO Modules
McDermott International, Ltd today announced the first shipment of topside modules for a floating production storage and offloading (FPSO) unit for MODEC, Inc. (MODEC). The FPSO will be located in the Area 1 block, approximately six miles (10 kilometers) off the coast of Mexico in the shallow waters of the…
7 October 2020
Collaboration Agreement with Subsea 7
FLASC B.V., which is pioneering the development of non-battery based energy storage solutions for the offshore sector, has established a collaboration agreement with Subsea 7, a global leader in the delivery of offshore projects and services for the energy industry. FLASC’s unique, patented Hydro-Pneumatic Energy Storage (HPES) concept combines pressurised…
7 October 2020
Ramboll to deliver full jacket foundation design for the Zhong Neng offshore wind farm in Taiwan
Global leading engineering company Ramboll has been contracted by China Steel Power Corporation to deliver the full jacket foundation design for the Zhong Neng offshore wind farm which will have a capacity of 300 MW. The project is another important milestone for Taiwan’s strategy to invest into renewable energy. Offshore…
7 October 2020
Renewables: Total enters the floating offshore wind sector in France
Total becomes a 20% shareholder in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle (Occitan region). Attributed in July 2016, this 30 megawatts (MW) project will accelerate the development of a floating wind technology. Together with Qair, the historical…
7 October 2020
C-Kore deploys with Australian operator to test downhole gauges
C-Kore Systems has finished a series of deployments with an Australian operator to perform detailed measurements of downhole gauges. The C-Kore Subsea TDR unit verified the downhole connections and cables, providing quick and accurate information on the location of anomalies. The information gained would be difficult or impossible to measure…
7 October 2020
Lloyd’s Register Group announces sale of Energy business to Inspirit Capital.
Global professional services organisation, Lloyd’s Register Group (LR), today announced that it has entered into a definitive agreement to sell its Energy business unit to Inspirit Capital, a London-based investment firm focused on building long-term value. The agreement follows a comprehensive review of LR’s business portfolio and strategic direction. The…
7 October 2020
Bowleven plc ('Bowleven' or 'the Group' or 'the Company') Notice of Results and Corporate Update
Bowleven, the Africa focused oil and gas exploration Group traded on AIM, will announce its Full Year Results for the year ended 30 June 2020 on 5 November 2020. The Company intends to host a conference call for investors on the day, the details of which will be provided in…
7 October 2020
Ørsted and Yara seek to develop groundbreaking green ammonia project in the Netherlands
Ørsted, the world's leading offshore wind developer, and Yara, the world's leading fertilizer company, have joined forces in developing a pioneering project aiming at replacing fossil hydrogen with renewable hydrogen in the production of ammonia with the potential to abate more than 100,000 tonnes of CO2 per year, equivalent to…
7 October 2020
OGA chief executive welcomes Prime Minister’s announcement on offshore wind and ports
OGA Chief Executive Andy Samuel welcomes the Prime Minister’s announcement on offshore wind and ports: “This is welcome news, consistent with the clear picture we see of the future of the UK Continental shelf as an energy basin, where integration between different energy sources and skills is mutually beneficial. Our…
6 October 2020
Petrofac to support Australia's largest commercial-scale green hydrogen project
Petrofac’s Engineering and Production Services (EPS) business has been awarded its first ever green hydrogen Front End Engineering Design (FEED) contract for the landmark Arrowsmith Hydrogen Project, which will become Australia’s largest commercial-scale green hydrogen complex. The contract represents a significant strategic step in Petrofac’s continued expansion into new and…
6 October 2020
Logan Industries Awarded Contract to Manufacture Unique Safety Cages
Logan Industries (Logan), a hydraulic repair, manufacturing and rental company, has been awarded a contract to manufacture a set of unique safety cages to keep offshore technicians safe while inspecting subsea connectors on blowout preventers (BOPs) while on deck. Logan’s safety cage is designed to protect the safety of technicians…
6 October 2020
Renewables Could Cover More Than One-Third of Energy Demand in CESEC
New IRENA report explores cost-effective growth of renewables in Central and South Eastern Europe to save costs, enhance energy security and supply affordable energy to all citizens in the region Abu Dhabi, United Arab Emirates, 2 October 2020 - Within ten years, the economies of Central and South Eastern Europe*…
6 October 2020
Proposed merger of Premier and Chrysaor Holdings Limited (“Chrysaor”) and the reorganisation of Premier’s existing finance arrangements
Premier and Harbour are pleased to announce that they have reached agreement with Harbour’s UK operating company Chrysaor, regarding a proposed all share merger between Premier and Chrysaor (the “Combined Group”) and the reorganisation of Premier’s existing debt and cross-currency swaps (together, the “Transaction”). The Transaction will create the largest…
6 October 2020
Odfjell Drilling chosen for Breidablikk drilling
A letter of intent has been issued to Odfjell Drilling and the Deepsea Aberdeen rig for drilling of 15 wells for the Breidablikk group, for which the partnership recently submitted the plan for development and operation (PDO). Drilling is scheduled to start in the spring of 2022, and the campaign…
6 October 2020
Vessel activity and multi-client sales update for the third quarter 2020
Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter 4-5 working days after the close of each quarter. At the end of the third quarter 2020 the Company had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian was cold…
6 October 2020
Hess Announces Sale of Interests in Shenzi Field, Gulf of Mexico
Hess announced today that it has entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP Billiton, the field’s operator, for a total consideration of $505 million, subject to customary adjustments, with an effective date of July 1,…
6 October 2020
Aker Offshore Wind Celebrates Successful Installation of LiDARs in South Korea
Aker Offshore Wind over the weekend successfully installed LiDARs offshore Ulsan, South Korea, marking a major milestone for the company’s KFWind consortium, which is working to develop an offshore floating wind park of 500 MW in the first stage. The LiDARs, or Light Detection and Ranging buoys, perform wind measurements…
5 October 2020
Mittelplate: Switch to 100% green power from shore will significantly reduce CO2 emissions
Wintershall Dea has switched the power supply to the Mittelplate Drilling and Production island in the Schleswig-Holstein Wadden Sea National Park to 100-percent certified electricity from renewable sources. This makes Mittelplate the first oilfield in Germany to be produced solely with green electricity. “Through an innovative technological approach, we were…
5 October 2020
Repsol begins producing electricity in its Delta Wind Project
The company has successfully completed the connection to the grid of the first wind turbines at the Delta wind project in Aragon, Spain. The facility will initially operate on a trial basis and will begin commercial operation at the end of the year, according to the projected timetable. Repsol strengthens…
5 October 2020
Acquisition of Barents Sea portfolio from Idemitsu Petroleum Norge
Lundin Energy AB is pleased to announce that its wholly-owned subsidiary, Lundin Energy Norway AS (together Lundin Energy), has entered into an agreement with Idemitsu Petroleum Norge AS (IPN) to acquire interests in a portfolio of licences in the Barents Sea, including a 10 percent working interest in the Wisting…
5 October 2020
Launch of DEME'S first ever service operation vessel "Groene Wind"
DEME launched its first ever Service Operation Vessel (SOV) at the CEMRE shipyard in Yalova, Turkey, marking a major milestone in its fleet history. Named ‘Groene Wind’, the Small Waterplane Area Twin Hull (SWATH) vessel will be deployed for wind farm maintenance activities. ‘Groene Wind’ is due for delivery in…
5 October 2020
Nanotechnology project to boost North Sea gas production
Scientists from the University of Aberdeen are developing new technology they claim will be a "game-changer" in enhancing production from North Sea gas fields. Nanotechnology is more commonly associated with medical sciences, with limited application in the oil and gas sector. But now, academics are pioneering a new method that…
5 October 2020
Tekmar Energy secures multiple cable protection system contracts in China
Tekmar Energy is pleased to announce multiple contracts to supply cable protection systems for the Sheyang, Qidong, and Dalian Zhuanghe offshore wind farm projects in China. The offshore wind farms have a combined total output of over 300MW, and once constructed will power over 150,000 households in the Jiangsu and…
5 October 2020
JFD awarded extension of prestigious NATO submarine rescue system contract
JFD has announced that it has been awarded an extension to its contract for the provision of the NATO Submarine Rescue System (NSRS) by the UK Ministry of Defence (MoD). The initial five-year contract has been extended to 2023, demonstrating the faith in JFD’s ability to operate and maintain the…
5 October 2020
Normand Skimmer awarded a 5-year contract in Australia
Solstad Offshore ASA is pleased to confirm that the PSV Normand Skimmer has been awarded a significant long term contract with a major international company. The 2012 built vessel of PSV 08CD design, has been contracted for a period of 5 years plus options to support operations offshore North Western…
5 October 2020
Noble Energy Shareholders Approve Merger With Chevron
Noble Energy, Inc. (NASDAQ: NBL) (“Noble Energy” or the “Company”) today announced that shareholders of the Company approved the pending merger (the “Merger”) with Chevron Corporation (NYSE: CVX) (“Chevron”) and all other proposals related to the Merger at Noble Energy’s Special Meeting of Shareholders (the “Special Meeting”) held earlier today.…
5 October 2020
Digital technologies boosted earnings by over two billion NOK in the first year at Johan Sverdrup
One year after the field came on stream digital solutions are key to maintaining high safety standards and value creation in all parts of the operations at Johan Sverdrup. This has increased earnings by more than NOK two billion. Digital solutions help increase subsurface understanding, ensure more efficient start-up of…
2 October 2020
Ærfugl Phase 1 ready for production
Development of the Ærfugl gas and condensate field in the Norwegian Sea is planned in two phases. The authorities have given start-up consent to the operator Aker BP to start production from Phase 1. Production is also taking place from an earlier test production well in Phase 1 and an…
2 October 2020
Permit for operation of the Nord Stream 2 project is granted by the Danish Energy Agency
Nord Stream 2 AG has been granted an operations permit for the Nord Stream 2 pipelines on the Danish continental shelf. The permit has been granted on a number of conditions. On November 18, 2019, Nord Stream 2 AG applied for a permit to operate the Nord Stream 2 pipelines…
2 October 2020
Successful completion of Pickerill B Topside removal
Petrodec, is pleased to confirm the successful completion of skidding operations for the topside removal of the Pickerill B unmanned platform, located in the UKCS’ block 48/11 license area on behalf of its client Perenco UK. This second operation confirms the ability to execute safely and efficiently such project. It…