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13 August 2020
DOF Rederi AS - Sale of vessels
DOF Rederi AS, a wholly owned subsidiary of DOF ASA, has completed the sale of the AHTS Skandi Giant (built in 2002) to an international buyer. DOF Rederi AS has also entered into a sales agreement with a yard in Turkey for recycling of the vessel "Skandi Hav" (built in…
13 August 2020
CSV Southern Ocean secures new contract
CSV Southern Ocean secures new contract with Fugro Australia for works offshore Australia CSV Southern Ocean has been awarded a charter contract for work offshore Australia. Works on this contract are scheduled to commence in Q4 2020 for approx. 30 days. Henk van den IJssel, CEO of Oceanteam, says: “Securing…
13 August 2020
Shelf Drilling Fleet Status Report
High Island IV received notice of suspension of operations from Saudi Aramco at zero dayrate for up to 12 months beginning late June 2020; contract term to be extended by equal period. • Trident 16 early-termination notice rescinded, rig on call out contract with Petrobel Egypt until February 2021. •…
13 August 2020
Contract for CSV Normand Vision with Ocean Installer
Solstad Offshore ASA has been awarded a contract with Ocean Installer for the CSV Normand Vision. The contract commences in 1Q and the firm and optional periods covers the majority of 2021. Normand Vision is a high capacity Construction Support Vessel designed and built for installation of Subsea Structures, Umbilicals,…
13 August 2020
Orbital Marine Power takes final lessons from SR2000 tidal turbine and brings prototype programme to a close
Orbital Marine Power Ltd (Orbital), working with Thompsons of Prudhoe and Port of Blyth, have decommissioned their prototype 2MW SR2000 floating tidal turbine. Heavy lift specialists Mammoet managed the tandem lift of the 516-tonne structure out of the water and onto the Blyth quayside in what was the port’s largest…
13 August 2020
Nylacast announces the acquisition of Supergrip (UK) Ltd
Supergrip (UK) Ltd, a world class, innovative engineering company offering bespoke and standard polyurethane (PU) products for the Oil & Gas and Renewables sectors, has been acquired by Nylacast Engineered Products Ltd, a division of the Nylacast Group. Located in Colne, Lancashire (UK), Supergrip Ltd is industry renowned for its…
13 August 2020
Tailored tie-back sees RDS reel capacity increased
MDL has completed a North Sea tie-back, which included delivery of a bespoke solution for handling reels of 12m diameter. The work scope covered installation of 3 reels of flowlines, jumpers and an umbilical using MDL Third-generation Reel Drive System. The reels measured from 9.2m to 12m diameter – the…
12 August 2020
First for Aberdeen firm in offshore wind contract win
As businesses in the north east of Scotland win more work in the emerging offshore wind sector, an Aberdeen offshore services firm has won a major contract in the industry, securing local jobs with the UK’s most innovative wind farm. Vattenfall, the Swedish energy group behind the European Offshore Wind…
12 August 2020
Vattenfall awards 3 year O&M contract to UK company EDS HV
High voltage engineering specialist EDS HV Group (EDS) has been awarded a 3-year O&M contract. The scope of the contract will see EDS provide substation management services for Vattenfall’s European Offshore Wind Deployment Centre (EOWDC). This will include inspections and maintenance of the primary electrical assets and secondary auxiliary systems…
12 August 2020
Moray East Installs First Offshore Electrical Infrastructure - the first (of three) Offshore Substation Platforms
Moray Offshore Windfarm (East) Ltd (known as Moray East) today announced the successful installation of its first offshore electrical infrastructure – the first Offshore Substation Platform (OSP). The modular OSP topside (which contains all of the electrical infrastructure to transmit the electricity generated by the offshore wind turbines) was installed…
12 August 2020
NKT awarded turnkey high-voltage DC power cable for the offshore wind connection BorWin5
NKT has been awarded a turnkey contract of below EUR 250m (below approx. DKK 1.86bn) by TenneT to deliver and install a high-voltage DC (direct current) XLPE power cable system for the BorWin5 project in Northern Germany. The order comprises the manufacturing of approx. 230 km of 320 kV high-voltage…
12 August 2020
Orca Oceanic Systems Ltd (OOS) is delighted to announce securing a significant contract with Well-Safe Solutions Limited for the provision of Dive System Support and Engineering Services
Orca Oceanic Systems Ltd (OOS) is delighted to announce securing a significant contract with Well-Safe Solutions Limited for the provision of Dive System Support and Engineering Services onboard the Well-Safe Guardian semi-submersible decommissioning rig. Mike Masson, OOS’s Managing Director: “We’re delighted to finally secure the Master Service Agreement (MSA) with…
12 August 2020
TGS Commences Egyptian Multi-Year Geophysical Survey
TGS, a leading provider of multi-client geoscience data for exploration and production companies, today announced that it has commenced its first-ever regional airborne Enhanced Full Tensor Gravity Gradiometry (eFTG) multi-client survey - together with magnetic and Lidar data - over the Upper Egypt region of the country. This survey is…
12 August 2020
Petrofac announces new targets to advance sustainability agenda
Commitment to reach Net Zero (1) in Scope 1 and 2 emissions (2) by 2030 Targeting 30% of women in senior roles (3) by 2030 Targets embedded in management scorecards Petrofac ("Petrofac" or "the Company") today announces two important environmental and gender diversity targets to advance its broader sustainability agenda.…
12 August 2020
Covid-19 pushes OFS headcount to lowest level in over a decade, revenue per employee set to decline
The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. A Rystad Energy analysis of the top 50 oilfield service (OFS) firms shows that staffing is set to reach its lowest level in more than 10 years,…
12 August 2020
Contract award in Taiwan
Solstad Offshore ASA (“Solstad”) has been awarded a contract with an undisclosed EPIC contractor for the CSV Normand Baltic. The vessel will be utilized in the development phase of an Offshore Wind project in Taiwan. The contract will commence during 1st half 2021 and have a duration of up to…
12 August 2020
Aker Carbon Capture AS and Aker Offshore Wind Holding AS – Contemplated Private Placement and Listing on Merkur Market
Reference is made to the previous stock exchange announcement made by Aker Solutions ASA (“Aker Solutions”) on 17 July 2020 regarding inter alia, the contemplated spin-off of its offshore wind development and carbon capture businesses. The offshore wind development business has been transferred into Aker Solutions’ subsidiary Aker Offshore Wind…
11 August 2020
University to help Sri Lanka tap into “vast resource” of renewables
Glasgow Caledonian University (GCU) will receive a share of almost one million euros to help Sri Lanka address workforce shortages in renewable energy skills and meet its ambitious targets. Researchers at the University have been tasked with helping the South Asian country upskill so it can deliver 80% of its…
11 August 2020
SMD Secures New Contract To Supply ROV To Petrovietnam Subsidiary
Soil Machine Dynamics Limited (SMD) has won a multi-million-dollar contract to supply a Quasar II, medium-sized work class ROV to PTSC GEOS & SUBSEA SERVICES CO., LTD., (PTSC G&S), a subsidiary of Petrovietnam Technical Services Corporation (PTSC). The Quasar is the second of its kind to be ordered by PTSC…
11 August 2020
Contract extensions in Brazil
Solstad Offshore ASA is pleased to announce several contract extensions in Brazil with Equinor and Total. Equinor Brazil has extended the contracts for the PSV’s Sea Brasil by 1 year until December 2021 and Far Scotsman by 6 months until May 2022. Both vessels will continue to support Equinor on…
11 August 2020
Rovco Wins Floating Wind Survey Contract for Blue Gem Wind’s Celtic Sea Erebus Project
Blue Gem Wind, the joint venture between Total, one of the world’s largest energy companies, and Simply Blue Energy, a pioneering Celtic Sea blue economy project developer have awarded us a million-pound contract. We will begin survey work on Erebus, a planned 96MW offshore floating wind farm 45 km off…
11 August 2020
Drilling permit for well 6204/11-3 in production licence 829
The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 6204/11-3, cf. Section 15 of the Resource Management Regulations. Well 6204/11-3 will be drilled from the Borgland Dolphin drilling facility in position 62° 3’ 52.058” N and 04° 22’ 10.418” E. The rig is currently at…
11 August 2020
Petrofac Limited results for the six months ended 30 June 2020
Continuing to safely execute our projects and operations worldwide On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021 Trading and awards materially impacted by COVID-19 and the sharp fall in oil and gas prices Business performance net profit (1)(2) of US$21…
11 August 2020
£4.3 million awarded for caisson transfer and placement
Aberdeen Harbour Board has issued further contract awards to the value of approximately £4.3 million, in support of the South Harbour Expansion Project. The awards cover the transfer of the remaining caissons – the 50m-long blocks that will form the North ‘Castlegate’ Quay and East ‘Dunnottar’ Quays – from their…
10 August 2020
Blauwwind achieves First Power
On 7th of August early in the morning, Blauwwind achieved First Power on the Borssele III/IV windfarm in the Dutch North Sea. This marks a key milestone in the construction of the project as the first turbine is now generating power and delivering renewable electricity into the Dutch grid. 36…
10 August 2020
Noble Corporation plc Reports Second Quarter 2020 Results
Noble Corporation plc (OTC-PINK: NEBLQ, the Company) today reported a net loss attributable to the Company for the three months ended June 30, 2020 (second quarter) of $42 million, or $0.17 per diluted share, on total revenues of $238 million. Results for the second quarter included net after tax favorable…
10 August 2020
Royal IHC awarded major contract for supply of FPSO equipment for Yinson
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring & offloading system and a riser pull-in system. The equipment will be placed onto the Anna Nery floating production, storage and offloading (FPSO) vessel on behalf of Yinson. The FPSO vessel will be…
10 August 2020
Tyra removal campaign up and running
Allseas’ involvement in the complex Tyra redevelopment project for Total is off to the perfect start with the successful single lift removal of the field’s heaviest topsides. Pioneering Spirit made light work of the 14,000 tonne Tyra East Alpha (TEA) processing topsides, needing just seconds to execute the lift, equivalent…
10 August 2020
Pioneering Spirit going great on Tyra
Pioneering Spirit is closing in on Frederikshavn with the second major Tyra platform topsides after another flawless single-lift. Days after delivering the Tyra East Alpha (TEA) facility to the M.A.R.S recycling yard, our game-changer was back in the Tyra field to pull the 7,800 tonne West Alpha (TWA) topsides out…
10 August 2020
DOF Subsea awarded contracts in APAC region
DOF Subsea is pleased to announce two significant contract awards in the APAC region. In Australia: Chevron Australia has awarded DOF Subsea an IMR Services Contract to Support Chevron's North-West Shelf and near shore subsea assets in Australia with DP Vessels, ROVs, AUVs, Intervention, Inspection, Management and Engineering Services. This…
10 August 2020
Preparations for Tilapia II Licence
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA-ME), the listed international oil & gas production company, is pleased to announce that it has incorporated Zenith Energy Congo SA (“Zenith Congo”), a fully owned subsidiary of the Company, created under the laws of the Republic of the Congo.…
10 August 2020
Pacific Drilling Announces Second Quarter 2020 Results ; Pacific Sharav Awarded A New 10=Well Contract In U.S Gulf of Mexico
Pacific Drilling S.A. (NYSE: PACD) (“Pacific Drilling” or the “Company”) today reported results for the second quarter of 2020. Net loss for second-quarter 2020 was $87.4 million or $1.16 per diluted share, compared to net loss of $61.0 million or $0.81 per diluted share in first-quarter 2020. Pacific Drilling CEO…
10 August 2020
Fugro's ROV Survey And Monitoring Services Help Install World's Longest Subsea Interconnector
Fugro has completed a contract for Nexans to provide remotely operated vehicle (ROV) survey and monitoring support services to lay the North Sea Link cable through a mountain and along a lakebed in Norway. National Grid NSN Link Ltd and Statnett SF are building an electricity interconnector between Kvilldal in…
7 August 2020
Petrobras on monthly production record in Búzios
Petróleo Brasileiro S.A. – Petrobras reports that the platforms (P-74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new monthly production records in July, of 615,000 barrels of oil per day (bpd) and 765,000 barrels of oil equivalent per day (boed). The Búzios…
7 August 2020
MOL and Karpowership (Karpower International B.V.) are to collaborate on the LNG to Powership business
TOKYO-Mitsui O.S.K. Lines, Ltd. (“MOL”, head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda)(*1) and Karpower International B.V. (“Karpowership”, head office: Istanbul, Turkey; CEO: Orhan Remzi Karadeniz)(*2) today announced that the parties have agreed to collaborate in the LNG-to-Powership business (“Business”) to become the world’s most reliable and preferable LNG…
7 August 2020
Global export milestone for OSIL
UK-based manufacturer of marine monitoring systems Ocean Scientific International Ltd (OSIL) have achieved an export milestone for global sales. Now exporting to over 100 countries, OSIL’s global customer base is ever expanding despite a challenging climate. The 105th export country was Georgia with an order for Niskin Bottles and a…
7 August 2020
Subsea Energy Solutions Continue International Expansion On Signing New Agreement
Subsea Energy Solutions, a global equipment manufacturer for the offshore energy industry, have announced their expansion into Brazil following signing a sales agreement with Marine and Offshore Partners. M&O Partners, based in Rio de Janeiro, will help the Catterick headquartered company develop new relationships and business development with multinational operators…
7 August 2020
CGG Mult-Physics Updates LCT Software With Innovations For Imaging Potential Field Data
CGG Multi-Physics has released an important update to its industry-renowned LCT potential field software suite. Oil and gas exploration geoscientists use LCT to model, process and interpret their gravity and magnetic data for guiding integrated subsurface imaging. The improved capabilities available in the new LCT R2017.06 release are based on…
7 August 2020
Offshore energy integration can deliver 30% of UK’s net zero target
Partnering and co-ordinating infrastructure important for decarbonisation The integration of offshore energy systems, including oil and gas, renewables, hydrogen and carbon capture and storage, could contribute to deliver approximately 30% of the UK’s total carbon reduction requirements needed to meet the 2050 net zero target. The Oil and Gas Authority’s…
7 August 2020
TGS submits offer to acquire the multi-client data library of PGS
TGS submits a conditional offer for the multi-client data library of PGS for a cash consideration of USD 600 million The offer values the multi-client data library in excess of the full reported book value and secures PGS liquidity to repay the USD 135 million revolving credit facility due September…
7 August 2020
Petrofac and Storegga partner to build new energy capability for the UK
Petrofac, the international service provider to the energy industry, has signed a Memorandum of Understanding (MOU) with independent clean energy champion, Storegga Geotechnologies. The MOU builds new energy capability and capacity in the UK and represents a significant strategic step in Petrofac’s continued expansion into new and renewable energy. The…
6 August 2020
NOPSEMA accepts Shell Crux Offshore Project Proposal
The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted an Offshore Project Proposal (OPP) from Shell Australia to develop the Crux gas field in the Browse Basin, off the north coast of Western Australia. Consisting of a platform and five production wells, the proposed Crux development would…
6 August 2020
Bluewater Awards An Important Contract to Remazel Engineering For The Supply Of The Complete Mooring and Riser Pull In System For Jotun FPSO Upgrade.
BLUEWATER, the technological front- runner in the industry of Floating Production, Storage and Offloading (FPSO) systems, Floating Storage and Offloading (FSO) systems, and the turnkey supply of Single Point Mooring (SPM) systems, awarded to REMAZEL ENGINEERING an important contract for the supply of the complete Mooring and Riser pull in…
6 August 2020
Alam Maritim awarded 5-year contract from Repsol Oil & Gas Malaysia
Alam Maritim Resources Bhd announced that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has received a letter of award from Repsol Oil & Gas Malaysia Ltd for the provision of subsea inspection, maintenance and repair services for PM3-CAA. In a filing to Bursa Malaysia today, Alam Maritim said the…
6 August 2020
Hurricane Energy plc ("Hurricane" or the "Company") Technical Review and Operational Update
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an update on the Technical Review of the Lancaster field. Technical Review Update As announced on 8 June 2020, a Technical Committee of Hurricane's Board was established to re-examine the…
6 August 2020
Aker Solutions ASA: Company Presentations Related to Offshore Wind and Carbon Capture Spin-Offs
Reference is made to the release on July 17, 2020, where Aker Solutions announced its intention to spin off the company’s offshore wind development and carbon capture businesses into two separate companies. The two companies, Aker Offshore Wind Holding AS and Aker Carbon Capture AS, are intended to be listed…
6 August 2020
Contract Awards
In the 1Q 2020 report Reach Subsea ASA notified that it had secured 750 project days (representing 1,250 ROV days) for the remainder of 2020. Reach Subsea has since then, together with cooperation partner MMT Sweden AB, been awarded additional contracts and call-offs under frame agreements for 2020 execution, representing…
6 August 2020
Total Closes the Sale of Non-Core UK Assets to NEO Energy
Following the regulatory approvals and the agreement of partners, Total closed the sale of UK North Sea non-core assets to NEO Energy. " As announced on May 20, we have worked closely with HitecVision and its portfolio company NEO Energy to conclude this sale. This sale of assets contributes to…
6 August 2020
OGUK partners with skills body to offer support to redundant oil and gas workers
The leading representative body for the UK’s offshore oil and gas sector has partnered with Skills Development Scotland to signpost support for oil and gas workers impacted by redundancy. The free webinar is open to anyone looking for support and advice on roles within the energy sector and will signpost…
5 August 2020
TGS Announces Return to Argentina to Complete Malvinas 3D Multi-Client Survey
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announces a return to Argentina to complete the previously announced 17,800 square kilometer Malvinas 3D Multi-Client survey. Acquisition is set to resume in Q4 2020 on the highly-funded survey and will continue to grow the…