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2 October 2020
VAALCO Announces New 3-D Seismic Survey Over Entire Etame Marin Block and Provides Estimated Third Quarter 2020 Production
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that in connection with planning for future drilling programs at the Etame Marin block offshore Gabon, it will begin acquiring and processing new three-dimensional (“3-D”) seismic data in the fourth quarter of 2020. The Company also announced…
2 October 2020
Aker Solutions Wins FEED Contract for ConocoPhillips’ Tommeliten Alpha Development
Aker Solutions was awarded a front-end engineering and design (FEED) contract from ConocoPhillips for modifications on the Ekofisk installations to integrate the Tommeliten Alpha discovery, offshore Norway. The FEED starts immediately and is expected to be completed in the second quarter of 2021 with an estimated value of about NOK…
2 October 2020
Aker Solutions to Provide Subsea Production System for Tommeliten Alpha Development in Norway
Aker Solutions won an order from ConocoPhillips to deliver the subsea production system for the Tommeliten Alpha development offshore Norway. The estimated contract value is about NOK 1.2 billion. The scope of work covers a complete subsea production system including 10 vertical subsea trees, two manifolds, wellheads, satellite structures, control…
2 October 2020
Construction starts on the world's largest floating offshore wind farm
Prime Minister Erna Solberg and Kværner apprentice Arne Linga started construction of Hywind Tampen, a floating offshore wind farm, at Kværner Stord. The technology project opens up new opportunities for Norwegian industry. Prime Minister Solberg and Linga started the cutting robot on the project's first sheet of steel on Thursday,…
2 October 2020
Maersk Drilling awarded two-well development contract by Dana Petroleum Netherlands B.V.
Maersk Drilling has secured a contract from Dana Petroleum Netherlands B.V. to drill two development wells as part of Project Unity in the Dutch sector of the North Sea. The harsh-environment jack-up rig to be used for the job is yet to be assigned. The contract is expected to commence…
1 October 2020
ExxonMobil to proceed with Payara development offshore Guyana
ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity…
1 October 2020
TechnipFMC Awarded a Large Subsea Contract for ExxonMobil Payara Development
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded a large(1) contract by Exxon Mobil Corporation (NYSE:XOM) subsidiary Esso Exploration and Production Guyana Limited (“EEPGL”) for the subsea system for the proposed Payara project. TechnipFMC will manufacture and deliver the subsea production system, including 41 enhanced vertical deep water trees and associated…
1 October 2020
SBM Offshore awarded contracts for ExxonMobil FPSO Prosperity
SBM Offshore is pleased to announce that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the Stabroek block in Guyana. Under these contracts, SBM Offshore will construct, install…
1 October 2020
Start-up consent for Tor II
The licensees in the Tor Unit in the southern North Sea have secured consent to start up the Tor II facilities. The Tor field was proven in 1970 and was in production from 1978 to 2015, when it was shut down. In the summer of 2019, the licensees submitted a…
1 October 2020
JDR Banks Project Win In Azerbaijan For BP
JDR, the global subsea cable supplier and servicer owned by the TFKable Group, has won a contract to manufacture and supply a 5.5km 33kV fiber optic power cable and a steel tube subsea isolation valve (SSIV) umbilical, for a platform project, offshore Azerbaijan. The 33 kV fiber optic power cable…
1 October 2020
Completion Of Sale Of The SBM Installer
Reference is made to the press release dated 21 August 2020, where Ocean Yield ASA announced that it had agreed to sell its 75% equity stake in the vessel “SBM Installer” to SBM Holding Inc. The sale has today been successfully completed.
1 October 2020
Equinor - consent for exploration drilling in the North Sea
Equinor have been given consent for exploration drilling with option for a sidetrack, in the North Sea.
1 October 2020
Skandi Vega - extension of contract with Equinor Energy AS
Equinor Energy AS has declared an option to extend the firm period of Skandi Vega from 6 months to 2 years, and the vessel will be firm until May 2022. Skandi Vega has worked continuously with Equinor since 2010. DOF ASA CEO, Mons S. Aase, said "DOF is delighted to…
30 September 2020
Husky Completes Commissioning At Liuhua 29-1
Husky Energy (TSX:HSE) today announced commissioning is complete at the third field at the Liwan Gas Project offshore China. As a result of strong cooperation between Husky and its long-time partner CNOOC, the seven-well Liuhua 29-1 project was completed safely, ahead of schedule and $100 million below budget despite the…
30 September 2020
RWE secures lease agreements to develop four offshore wind farm extensions projects in the United Kingdom
Potential 1.8 gigawatts awarded Agreement for Lease by The Crown Estate, RWE pro rata share about 900 megawatts RWE’s total share in the UK offshore development projects totals up to 1.3 gigawatts including 400 megawatts from the remaining seabed option at Rampion Projects in the Irish Sea, the southern North…
30 September 2020
Nexans umbilicals to play vital role in Senegal’s first offshore oil development
Nexans will supply 46 kilometers of umbilicals as well as accessories and testing services to Subsea 7, the contractor responsible for the integrated subsea production systems serving the Sangomar Field Development project. Nexans’ Halden facility will provide both static and dynamic umbilicals for each phase of the project, with deliveries…
30 September 2020
Redelivery Of Ivan Gubkin
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) refers to its announcement dated 10 September 2020 regarding the redelivery of Ivan Gubkin (the “I.G.”, previously “Polarcus Amani”). Sovcomflot completed the redelivery process for the I.G. on 25 September 2020. The vessel has been renamed Polarcus Amani and will remain stacked…
30 September 2020
Milaha Signs Key Deal With Major Oilfield Services Firm
Milaha, one of the largest Maritime and Logistics Organizations in the Middle East, has entered into a formal agreement to cooperate with leading American oilfield services firm, Schlumberger Limited. The Offshore & Marine pillar of Milaha signed a Memorandum of Understanding (MoU) that will support value building projects while jointly…
30 September 2020
CGG Geosoftware Launches Interactive Well Path Planning Technology
CGG GeoSoftware has launched WellPath, a new interactive 3D well path planning solution for optimal well planning in unconventional and fractured reservoirs and offshore development platforms, as part of its InsightEarth® 3D visualization and interpretation software suite. WellPath shows the complexity of the subsurface drilling environment in 3D so that…
30 September 2020
SeaBird Exploration Plc: general update
The letter of award for a source contract announced on 20 April 2020 has been terminated by the charterer. Unrelated, the Company has decided to pursue a feasibility study into a niche in the renewable energy segment. SeaBird is a global provider of high quality marine seismic operations within the…
30 September 2020
Petrofac to represent energy industry on new data analytics task force
Petrofac, leading international service provider to the energy industry, has been selected to represent the sector as part of a cross-industry Task Force created to transform project delivery. The company was nominated by the Oil and Gas Technology Centre (OGTC) to join the Project Data Analytics Task Force. A collaborative…
29 September 2020
Global offshore oil and gas pipeline demand set for 26% drop in 2020, but recovery will be swift
The global oil and gas market demand for large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26% this year, with the size of total installations forecasted to reach 2,150 kilometers (km), a Rystad Energy analysis shows. This downturn’s impact on trunkline demand is, however, lighter…
29 September 2020
Edvard Grieg reserves increased by 50 million barrels of oil equivalent and plateau production extended to late 2023
Lundin Energy AB (Lundin Energy) is pleased to announce that due to the continued outperformance of the Edvard Grieg field, the gross proved plus probable (2P) reserves have been increased by approximately 50 million barrels of oil equivalent (MMboe), lifting the gross 2P ultimate recovery for the field to 350…
29 September 2020
Oil and gas discovery close to North Sea Fram field
Equinor and its licence partners Petoro AS and Wellesley Petroleum AS have found oil and gas in the Swisher prospect. Recoverable resources are estimated to be in the range of 2-6 million standard cubic metres of oil equivalent, corresponding to 13-38 million barrels of oil equivalent. “We are working continuously…
29 September 2020
The Danish Energy Agency publishes tender conditions for Thor Offshore Wind Farm
The Danish Energy Agency is now launching the tendering process for the coming Thor Offshore Wind Farm. Thor will be Denmark's largest offshore wind farm to date with a capacity of 800-1000 MW when it is fully established and connected to the grid by 2027 at the latest. The publication…
29 September 2020
Successful delivery and installation of new Tyra jackets
Norwegian Energy Company ASA («Noreco» or “the Company”) is pleased to announce the successful installation of two new jackets at Tyra. The milestone moves the Tyra Redevelopment project into a new phase. The next milestones are for the new modules currently being fabricated to be delivered from the yards and…
29 September 2020
Wintershall Noordzee Successfully Develops 3rd Sillimanite Well
Wintershall Noordzee B.V. (a 50:50 Joint Venture of Wintershall Dea GmbH and Gazprom EP International B.V.) has successfully drilled the Sillimanite South field discovery well and directly converted it into a development sidetrack. It was the third well drilled in sequence after the two Sillimanite Unit field development wells were…
29 September 2020
CNOOC Limited Announces Jinzhou 25-1 Oilfield 6/11 Area Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Jinzhou 25-1 oilfield 6/11 area has commenced production. Jinzhou 25-1 oilfield 6/11 area is located in central Liaodong Bay in Bohai with average water depth of 22.5 meters. In addition to fully utilizing the existing facilities of…
29 September 2020
OGA turns attention to flaring and venting of greenhouse gases
The Oil and Gas Authority’s (OGA) has for the first time expanded its benchmarking to the flaring and venting of greenhouse gases on the UK Continental Shelf (UKCS) - detailing flaring and venting activity levels in the North Sea and the resulting contribution to UK oil and gas greenhouse gas…
29 September 2020
Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") Interim Results for Six Months Ended 30 June 2020
Highlights: Significant progress made in respect of the Concept Select work for the Company's flagship Greater Buchan Area ("GBA") development project · Preferred development concept selected · New production facility planned at the Buchan field location · Proposed platform will be designed to accommodate fluids from neighbouring field developments via…
28 September 2020
Aker Solutions Awarded Subsea Contract for Breidablikk
Aker Solutions has been awarded a contract from Equinor for the delivery of a subsea production system for the Breidablikk development in the North Sea. The contract value is estimated at about NOK 2.5 billion, including options. The contract covers the delivery of four subsea templates and up to 23…
28 September 2020
Wood secures $84m contract for Equinor’s Breidablikk development
Continuing its track record of more than two decades of successful delivery for Equinor, Wood has been awarded a contract to provide EPCI (engineering, procurement, construction, and installation) services in Norway. Under the $84m contract, Wood will deliver all topside modifications at Equinor’s Grane installation in preparation for the tie-back…
28 September 2020
The Breidablikk field ready for development
Equinor and partners Petoro, Vår Energi and ConocoPhillips Skandinavia have decided to develop the Breidablikk field in the North Sea. Today the partnership will submit the plan for development and operation to the Minister of Petroleum and Energy, in addition to awarding contracts for subsea facilities and upgrading of the…
28 September 2020
Maersk Supply Service and Ørsted to test offshore charging buoy to reduce vessel emissions
Maersk Supply Service A/S, a part of A.P. Moller-Maersk, and Ørsted have joined forces to test a proto-type buoy that will act as both a safe mooring point and a charging station for vessels, potentially displacing a significant amount of marine fuel with green electricity. The solution, developed by Maersk…
28 September 2020
Contract extensions with key clients in Norway
Solstad Offshore ASA (“Solstad”) is pleased to announce contract extensions with key clients Equinor and Aker BP. Equinor has declared an option to extend the contract for anchor handling vessel Normand Ferking with 1 more year to November 2021. Equinor has the option to extend the contract with further 2…
28 September 2020
Brazil: Total Exits the Foz Do Amazonas Basin
Total announces that it has reached an agreement on September 24th, 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometers offshore Brazil. These blocks are referenced as FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127. The closing of the transaction…
28 September 2020
Okea Asa – Acquisition into the Calypso prospect near Draugen
OKEA ASA (“OKEA” or the “Company”) is pleased to announce that the Company has signed a Sales and Purchase Agreement (SPA) with Neptune Energy Norge AS (“Neptune”) for the acquisition of a 30% working interest in PL938. Effective date for the transaction is 1 January 2020. Neptune will remain as…
28 September 2020
Vallourec, FORSSEA Robotics and iXblue join forces to facilitate the inspection of subsea pipelines using drones and digital technology
Vallourec, a world leader in premium tubular solutions, is working with FORSSEA Robotics, a startup specializing in smart robotics and visual positioning, and iXblue, a company recognized for its expertise in inertial navigation, subsea positioning and autonomous technologies – to develop a pipeline inspection solution combining subsea drones and the…
28 September 2020
Continued significant interest in exploration in mature areas in APA 2020
The authorities have received applications from 33 companies in the Awards in Predefined Areas (APA) 2020. The deadline for applications was 22 September. Most of the companies that are active on the Norwegian shelf have submitted applications in this year’s APA round. "It’s gratifying to see the continued high level…
25 September 2020
Aker Solutions Wins Electrification Work for Lundin Energy Norway
Aker Solutions has signed an engineering, procurement, construction and integration (EPCI) contract for the integration of a high-voltage electrical boiler package as part of the electrification of Lundin Energy Norway's Edvard Grieg platform. The electrical boilers will replace the gas turbines which generates heat on the platform today, making Edvard…
25 September 2020
Renewables: Total strengthens its position in the Spanish solar market and covers all its power needs in Europe with green energy
Total is strengthening its presence in the Spanish electricity market through an agreement with the Spanish developer Ignis to develop 3.3 gigawatts (GW) of solar projects located close to Madrid and Andalusia. The first projects in the Ignis portfolio are scheduled to start in 2022, with the ambition of bringing…
25 September 2020
Morrison Announces Contract Award for Total Field Decommissioning of Six Structures
Morrison, a leading energy service company for the oil, gas and renewables industries, announces the contract award by Hoactzin Partners, L.P. (Hoactzin) for a turnkey decommissioning project located within the shallow waters of the Gulf of Mexico. Morrison will be responsible for the total field decommissioning for the six structures…
25 September 2020
New renewable energy generation record shows PM is right to call for a green industrial revolution
New figures released today by the Government show a record increase in renewable energy generation in the first half of this year, providing 46% of the UK’s power needs. Wind alone generated 26% of Britain’ electricity in the first half of this year, with 14% coming from offshore wind (21…
25 September 2020
Kongsberg Maritime supply four HUGIN AUV survey systems to Garden Reach Shipbuilders & Engineers Ltd., India
Kongsberg Maritime is pleased to announce the sale of four HUGIN AUV systems to the Indian Defence Public Sector shipyard Garden Reach Shipbuilders & Engineers Limited (GRSE), located in Kolkata, India. This sale has been conducted in collaboration with Kongsberg Maritime India, a subsidiary of Kongsberg Maritime.The purchase, which also…
25 September 2020
DOF Subsea Australia Contracted by Woodside Energy
Woodside has awarded DOF Subsea Australia a contract to provide Transportation & Installation (T&I) services in support of flowline installation operations in the Cossack Wanaea Lambert and Hermes (CWLH) field, North West Shelf, Australia. The award includes Project Management, Engineering, Transportation and Installation Services and is expected to be completed…
25 September 2020
CGG Commences Second Phase Of Largest OBN Multi-Client Survey In UK CNS
CGG announced today completion of the first phase of its multi-year program to deliver the largest OBN multi-client survey ever acquired in the UK Central North Sea (CNS) and immediate commencement of the second acquisition phase. The survey started in March 2020 and has already received significant industry interest and…
25 September 2020
Surge in gas production volume from the PGNiG Group’s Norwegian assets
PGNiG Upstream Norway has signed an agreement with A/S Norske Shell to acquire interests in Kvitebjørn and Valemon, two producing fields in the North Sea. Following the transaction, the PGNiG Group’s own gas production in Norway will increase to 0.9 bcm in 2021, nearly 30% above the previous forecast. Gas…
25 September 2020
Bahamas Petroleum Company plc ("BPC" or the "Company") Drill Rig Nomination and Perseverance #1 Spud Date
BPC, the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, is pleased to announce that it has received formal notification from Stena Drilling, consistent with the existing contract, nominating the Stena IceMAX as the intended drill rig for the…
25 September 2020
Job support scheme provides certainty but focus on green recovery must continue
The leading representative for the UK’s offshore oil and gas industry has today initially welcomed the winter economy plans announced by the Chancellor, noting it will seek further information on the details of the proposals in the coming days. Plans announced by the Chancellor today include wage top-ups targeted at…
24 September 2020
Premier Oil in Balmoral decommissioning plans
Premier Oil has handed in decommissioning plans for the Balmoral field after ending production earlier than it had previously planned. Premier has submitted documents to the UK government, with a early to mid-2021 to disconnect and remove the floating production vessel.More