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16 September 2020
ABO Wind to build its first wind farm in Poland
Construction of Donaborów wind farm is scheduled to start in 2021 The 19.8 megawatts project has received a fixed tariff Six employees in the new Lodz office are working on wind and solar energy projects (Lodz/Wiesbaden, 14 September 2020) ABO Wind is off to a strong start in Poland. The…
16 September 2020
BW Energy: Presentation material and update on Hibiscus/Ruche development plan
BW Energy is presenting at the Pareto Securities' Energy Conference today. The presentation references the progression of an alternative development plan for Hibiscus/Ruche, utilising a converted jack-up instead of constructing and installing a new wellhead platform. The conversion concept is expected to reduce development capex, time to first oil and…
16 September 2020
JDR Seals Subsea 7 Deal To Develop Umbilical For The Elgood Field
JDR, the global subsea umbilical and cable supplier owned by the TFKable Group, has agreed a new contract with Subsea 7 to supply a 9.3km production and control umbilical, topside equipment and subsea terminations for the offshore Elgood field in the UK Continental Shelf. The umbilical will be delivered in…
16 September 2020
CNOOC Limited Announces the First Offshore Wind Power Project Connects to Grid
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that the first offshore wind power project has connected to the grid and begun to generate power. The offshore wind power project is located in the sea area nearby Jiangsu Province. The central location of wind farm is…
16 September 2020
Important Equinor Field Engineering study to Aibel
Aibel has been awarded a field engineering, concept optimisation and definition study for Equinor's unmanned process platform at the Krafla field. The study’s main objective is to further mature the concept with tie-in to the Aker BP operated host platform located in the NOA area (North of Alvheim). In close…
16 September 2020
Ithaca energy signs 5-year integrated services contract with Petrofac
Ithaca Energy is pleased to announce that it has signed a 5-year Integrated Services Contract with Petrofac Facilities Management Limited. The Integrated Services Contract includes the provision of engineering, construction, maintenance, and offshore manning provision across all of Ithaca Energy’s North Sea operated assets. In conjunction with implementation of the…
16 September 2020
Fugro awarded ONGC 3-year contract for integrated survey services fourth time in a row
Oil and Natural Gas Corporation Limited (ONGC) in India has awarded Fugro a 3-year contract to provide integrated survey services for the fourth consecutive time. Work is now under way on the latest contract, which covers infield developments on the east and west coasts of India. The survey services include…
16 September 2020
Petrobras about Tupi field
Petróleo Brasileiro S.A. – Petrobras hereby announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the change in the name of the Lula field to Tupi field. The approval is aimed at complying with the ruling of July 7, 2020, in a citizen lawsuit, which ordered…
16 September 2020
Petrobras on contracting the sixth FPSO of Búzios
Petrobras informs that it has started negotiations with SBM Offshore N.V. (SBM) to contract the FPSO - floating production storage and offloading Almirante Tamandaré, to be installed in the Búzios field, in Santos Basin. The FPSO Almirante Tamandaré will be the sixth production system of the Búzios field, with startup…
15 September 2020
Axxis Geo Solutions announces new Utsira multi-client late sale
Axxis Geo Solutions ASA (OSE: AGS) is pleased to announce that the company has entered into a new multi-client licensing contract with an undisclosed customer. Under the contract, the customer will license certain data from the company's existing Utsira multi-client library in Norway. This information is subject of the disclosure…
15 September 2020
Working together with Westcon towards a greener future
Solstad Offshore ASA and Westcon Power & Automation As have signed a cooperation agreement to further develop environmental and sustainable technologies. The past years Solstad has installed green battery hybrid packages onboard 7 vessels and facilitated for numerous vessels to connect to shore power. This contributes to lower vessel emissions…
15 September 2020
Discovery Well in Block 58 Offshore Suriname; Operations Commenced at Next Exploration Location, Keskesi
Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname. As previously announced, Kwaskwasi-1 discovered hydrocarbons in multiple stacked targets in the upper Cretaceous-aged Campanian and Santonian intervals. The well encountered 278 meters (912 feet) of…
15 September 2020
OGA to publish vital historic seismic data
Historic seismic data which provide images below the seabed are to be made available by the Oil and Gas Authority (OGA) following a consultation into the reporting and disclosure of such data. Explorers, organisations researching potential carbon capture and storage (CCS) sites, and academics will be among those who will…
15 September 2020
Ignitis Group to develop offshore wind farms with global energy leader Ocean Winds
Ignitis Group is pleased to announce a partnership with renewable energy leader Ocean Winds (OW) in the development of offshore wind farm projects. The partnership with one of the largest offshore wind farm developers in the world will allow Ignitis Group to gain experience in offshore wind projects in other…
15 September 2020
Incorporation of a Subsidiary
The board of directors (the “Board”) of Kim Heng Offshore & Marine Holdings Limited (the “Company” together with its subsidiaries, the “Group”) is pleased to announce that its wholly-owned subsidiary, Kim Heng Offshore & Marine Pte Ltd has incorporated a fully owned subsidiary in Singapor named Zale Offshore Response Pte Ltd.…
15 September 2020
Deltic Energy Plc (“Deltic” or 'the Company') Candence Propsect update
During the most recent licence application process, the Company worked extensively on the seismic data and other datasets to enhance our understanding of this area which has resulted in a more robust interpretation over the intra-Carboniferous Cadence prospect and the identification of additional prospectivity beneath the Base Permian Unconformity (“BPU”).…
15 September 2020
bp and Microsoft form strategic partnership to drive digital energy innovation and advance net zero goals
The companies intend to work together to develop new technology innovations and digital solutions to help meet their sustainability aims, including reducing energy use and carbon emissions Microsoft to further bp’s digital transformation with Azure cloud services bp to supply Microsoft with renewable energy to help meet the company’s…
14 September 2020
SNC-Lavalin awarded three-year extension contract to support North Sea operator
SNC-Lavalin has been awarded a three year extension framework contract with a North Sea operator to provide engineering services. The scope of work, which will be executed by SNC-Lavalin’s Atkins business, will include engineering expertise across process, structural, mechanical, materials and corrosion, safety, subsea and pipelines disciplines for day-to-day operations…
14 September 2020
Well-Safe Solutions goes from strength to strength as it acquires jack-up rig to bolster their bespoke decommissioning fleet By Wellsafe
Well-Safe Solutions is today delighted to announce the acquisition of the West Epsilon jack-up rig from Seadrill sparking another job boost for the company. Built in 1993, the asset is a heavy-duty, harsh environment jack-up with an extensive and enviable operational history in the North Sea. The news comes following…
14 September 2020
Drilling permit for well 6406/12-G-1 H in production licence 586
The Norwegian Petroleum Directorate has issued a drilling permit for well 6406/12-G-1 H to Neptune Energy, cf. Section 15 of the Resource Management Regulations. Well 6406/12-G-1 H will be drilled from the West Phoenix drilling facility in position 64°1'50.48"N and 6°45'2.89"E once it completes the drilling of observation well 6406/12-H-4…
14 September 2020
10 to 20 billion boe or more potential resources remain in the UKCS
The Oil and Gas Authority (OGA) has today (10 September 2020) published the UK Oil and Gas Reserves and Resources as at end 2019. It provides an estimate of the UK Continental Shelf’s (UKCS) remaining recoverable petroleum resources. The report estimates that there remains in the range 10 to 20…
14 September 2020
Daily well production figures will help MER UK and net zero goal
The Oil and Gas Authority (OGA) has today published daily production figures from wells that have ceased production, some with production dating back over 40 years. Reservoir engineers seeking untapped hydrocarbons or potential carbon capture and storage (CCS) sites, and academics are expected to be regular users of the data…
14 September 2020
GC Rieber Shipping: Extension for the crew-boat "Polar Piltun"
Reference is made to the stock exchange notice 17 January 2020, where it was announced that GC Rieber Shipping through its 50/50 joint venture, co-owned with Russian partner Prisco, had entered into new 1+1 year charter agreements with Sakhalin Energy Investment Company Ltd (SEIC) for the two crew-boats "Polar Baikal"…
14 September 2020
Vyacheslav Tikhonov Charter Extended For 3 Years; Ivan Gubkin Option To Redeliver
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) refers to its announcement dated 24 June 2020 regarding the suspension of hire until commencement of a new project and the expected redelivery of “Vyacheslav Tikhonov” (the “V.T.”) following completion of that project. V.T. is currently engaged on the referenced project. Hire…
14 September 2020
Shelf Drilling Announces Termination of Bareboat Charter Agreement
Dubai, 14 September 2020: Reference is made to the announcement by Shelf Drilling, Ltd. ("Shelf Drilling" or the "Company", OSE ticker code "SHLF", and together with its direct and indirect subsidiaries the "Group") on 21 February 2019 regarding the entering into of agreements with an affiliate (see Footnote 1) of…
11 September 2020
TGT Full Field Development Plan ("FFDP") Approval
Pharos Energy plc, an independent oil and gas exploration and production company, is pleased to announce that it has received approval from the Prime Minister of Vietnam for the TGT Full Field Development Plan (“FFDP”). This represents the last stage of the required process and follows the recent approval of…
11 September 2020
Australia’s gas and coal demand for power has peaked – to be overtaken by solar and wind from 2026
Australia’s top two electricity generation sources, coal and natural gas, have both seen demand in the country peak, a Rystad Energy analysis shows. The combined power production from coal and gas will be overtaken by electricity generated by solar photovoltaic (PV) and onshore wind farms from 2026. In fact, installed…
11 September 2020
CNOOC Limited Announces Nanbao 35-2 Oilfield S1 Area Commences Production
CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Nanbao 35-2 oilfield S1 area has commenced production. Nanbao 35-2 oilfield S1 area is located in the central Bohai with average water depth of 17 meters. In addition to fully utilizing the existing facilities of Nanbao 35-2…
11 September 2020
Aker Solutions Secures Maintenance and Modifications Work for ConocoPhillips in Norway
Aker Solutions has secured a three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips. The company will continue as ConocoPhillips' main supplier of maintenance and modifications work offshore Norway. The agreement runs from January 2021 until the end of 2023. The contract…
11 September 2020
Snam and Saipem sign MoU to work together on technologies for the energy transition, hydrogen development and CO2 capture
Snam and Saipem have signed a Memorandum of Understanding to start working together on new energy transition technologies, from green hydrogen to capturing and reusing CO2, with the aim of fighting climate change and contributing to the launch of the hydrogen market, supporting the European Commission’s Hydrogen Strategy. The aim…
11 September 2020
PGS Combines HD3D with 315m Wide Penta Source
Ramform Tethys has begun a new project in the Barents Sea that uses the most advanced configuration ever towed by a seismic streamer vessel. Last weekend, PGS seismic vessel Ramform Tethys reconfigured from a wide-tow triple source set-up to an even wider penta source solution (5 arrays), with a total…
11 September 2020
Hurricane Energy plc ("Hurricane", the "Company", or the "Group") Half-year Results 2020 & Technical Update
Operations - Greater Lancaster Area ("GLA") · Hurricane continues to adhere to the strict procedures in place for UKCS offshore activity during the COVID-19 pandemic, with negligible disruption to the Company's operations during the period. · The Aoka Mizu FPSO continues to deliver excellent uptime, with an average of 99%…
11 September 2020
Serica Energy plc ("Serica" or the "Company") Results for the six months ended 30 June 2020
Operational • Significantly lower Group average production of 21,600 boe per day net to Serica (FY 2019: 30,000 boe per day) reflected the impact of the Bruce caisson shut-in on the BKR fields and maintenance work carried on Erskine. • Underlying operating costs on BKR have been reduced by approx.…
11 September 2020
Morrison Successfully Completes Pipeline Installation in Gulf of Mexico Shelf, Achieving Milestone
Morrison, a leading energy service company for the oil, gas and renewables industries, successfully completes the installation of Byron Energy Limited’s South Marsh Island Blocks 58 & 59 oil and gas sales pipelines, which marked more than 5.5 million feet of pipe laid by Morrison in the Gulf of Mexico.…
11 September 2020
Australia and Germany to work together on hydrogen
Australia and Germany have signed a new agreement to promote two-way trade and investment in hydrogen produced from renewable energy. Both countries have released national hydrogen strategies to help support and grow the development of renewable hydrogen as a clean source of energy with the potential to lower national carbon…
10 September 2020
Seagreen Base Plans At Montrose Finalised
Following extensive consultation with the local community and other port users Montrose Port Authority and SSE Renewables have finalised plans for the operations and maintenance base for Seagreen offshore wind farm. The 1,075MW Seagreen project is located 27km off the coast of Angus. A £3bn joint venture between SSE Renewables…
10 September 2020
Fugro’s major upgrade to LADS technology improves hydrographic data collection in Australia and Pacific region
The enhanced LADS HD+ technology was developed in Fugro’s laser laboratory in Adelaide, Australia, and is a sophisticated hydrographic mapping system that accurately measures water depth over both the marine and coastal zone environments. The new advances to the system have doubled the laser speed and the swath width and…
10 September 2020
Asia Pacific power generation could attract US$1.5 trillion investments this decade
Wood Mackenzie’s latest report shows that the power generation sector in Asia Pacific could attract US$1.5 trillion worth of investments over the decade ending 2030. Solar and wind represent 66% or US$1 trillion investment opportunity in Asia Pacific through 2030, while fossil fuels, mainly coal and gas, make up the…
10 September 2020
Revised Charter Agreement For Topaz Tiamat
Reach Subsea ASA (”Reach”) and P&O Maritime Logistics have agreed on a revised charter agreement for the vessel Topaz Tiamat. Under the revised agreement, Reach will operate the vessel for the remainder of the 2020 season on pay-as-you-go terms, and demobilise from the vessel by December 2020. As Reach originally…
10 September 2020
Applied Acoustics Launches Pyxis Integrated Inertial USBL System- The New Normal in Subsea Positioning
Applied Acoustic Engineering (AAE) has announced the launch of their next generation USBL system, Pyxis USBL. Taking its name from the constellation Pyxis Nautica – the mariner’s compass – Pyxis USBL takes the best of AAE’s subsea acoustic tracking technology with a highly advanced inertial navigation system (INS) from one…
10 September 2020
There’s a catch! Turkey’s hooked Tuna gas discovery could save it up to $21 billion in import costs
The future development of Turkey’s giant Tuna-1 gas discovery could save the country up to $21 billion in import costs, Rystad Energy estimates, depending on the field’s peak output, which remains to be determined pending appraisal drilling and further testing. Actual savings could be even higher as global gas prices…
10 September 2020
Major order for deepwater fibreoptic termination housings
OceanTools have been awarded a significant contract for the design and manufacture of a 7500m depth rated fibreoptic termination housing, by a subsea telecommunications cable manufacturer, based in the Asia Pacific region. The OceanTools subsea design team collaborated with Aberdeen based start-up, Subsea Connect, to develop a pressure housing and…
10 September 2020
Rex signs options agreements to fund exploration drilling of two wells in Norway
• Rex secures funding of US$1.1 million to reduce capex by issuing options • The issuance highlights quality of Norwegian assets in a challenging market environment • No dilution of equity in Lime Petroleum AS SINGAPORE, 9 September 2020 – Rex International Holding Limited (“Rex International Holding”,“Rex” or the “Company”,…
10 September 2020
Husky Announces Review of West White Rose Project
Husky Energy (TSX:HSE) today announced a review of the West White Rose Project in the Atlantic region. The review follows the suspension of major construction activities in March due to the COVID-19 pandemic and the Company’s capital re-prioritization following the global economic downturn. “A full review of scope, schedule and…
10 September 2020
Equinor partners with BP in US offshore wind to capture value and create platform for growth
Equinor (OSE: EQNR, NYSE: EQNR) has entered into an agreement with BP (LSE: BP, NYSE: BP) to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of USD 1.1 billion. Through this transaction, the two companies…
10 September 2020
Equinor teams up for offshore wind growth in Japan
Equinor, Jera and J-Power partner up and enter a joint bid agreement prior to Japan’s upcoming Round 1 offshore wind auction. The three companies will jointly evaluate and work towards submitting a joint bid in the Round 1 auction once the Japanese government officially opens what will be country’s first…
9 September 2020
Latin America’s renewable energy capacity set to skyrocket to 123 GW by 2025
Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years. With auctions already adopted throughout Latin America, Rystad Energy expects the region’s 49 gigawatts (GW) of renewable capacity will skyrocket to 123 GW by 2025, with the biggest…
9 September 2020
PGS Completes 2020 Acquisition in Angola’s Namibe Basin
Ramform Sovereign has completed a large acquisition project offshore Angola using multisensor GeoStreamer technology. Operational and geological objectives were achieved successfully and safely, despite the Covid-19 restrictions. The 2020 PGS Namibe Basin survey connects the 3D seismic coverage of southern Angola with PGS seismic data library coverage in Namibia, completing…
9 September 2020
Fleet Management Agreement Between OSM and GC Rieber Shipping
pleased to announce that GC Rieber Shipping and OSM Maritime Group (OSM) today have entered into an agreement for fleet management services. The agreement includes a transfer of business from GC Rieber Shipping to OSM of all technical, crewing and support functions in Bergen. OSM will establish a new ship…
9 September 2020
ExxonMobil announces Redtail discovery offshore Guyana
Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2 Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in Guyana,” said Mike…