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5 August 2020
OGUK launches new SME forum to support smaller businesses under pressure
A new forum dedicated to helping small and medium-sized businesses navigate the downturn has been launched by OGUK as it continues to help the sector stimulate a recovery. The leading representative body’s Continuous Improvement team is launching a new SME forum this month amid concern that a growing number of…
5 August 2020
Oil discovery near the Snorre field in the North Sea – 34/4-15 S and 34/4-15 A
Neptune Energy Norge AS, operator of production licence 882, has completed the drilling of wildcat well 34/4-15 S and appraisal well 34/4-15 A. The wells were drilled about 10 kilometres northwest of the Snorre field and 160 kilometres west of Florø in the northern part of the North Sea. The…
5 August 2020
Dry well near the Ivar Aasen field in the North Sea – 16/1-33 S
Spirit Energy Norway AS, operator of production licence 780, is in the process of concluding the drilling of wildcat well 16/1-33 S. The well was drilled about 5 kilometres north of the Ivar Aasen field in the central part of the North Sea, and about 200 km west of Stavanger.…
5 August 2020
Geo duo team up to maximise value of hydrocarbon well analyses
International petroleum systems specialist Applied Petroleum Technology (APT) has entered into a joint venture agreement with UK-based Fluid Inclusion Consulting (FIC) to provide a unique spectrum of post-well analyses for E&P companies. At the centre of the cooperation is the combination of three technologies: APT’s wellsite gas processing and interpretation…
5 August 2020
Fraser Well Management secures first production well operatorship appointment
Well engineering and project management specialist Fraser Well Management (FWM) has assumed the production well operatorship of six SNS development wells, this appointment marks the launch of a new product line for the company. The work centres on NEO Energy’s Babbage platform which is located in block 48/2a of the…
5 August 2020
The outbreak, the oil price, and the rig market: it’s what happens next that counts
Blame Covid-19, the oil price or both in equal measures. Either way, the offshore rig industry will need to adapt. Just last week during Saipem’s quarterly results presentation, CEO, Stefano Cao, was asked an interesting question that appears to be at the forefront of many minds in the oil and…
5 August 2020
Fugro Performs First Fully Remote Platform Inspection On UK Continental Shelf
Fugro has delivered the first fully remote inspection of an oil and gas platform in UK waters, 250 km east of Scotland, using a remotely operated vehicle (ROV) and Fugro’s state-of-the art remote operations centre (ROC) in Aberdeen. Fugro’s ROC in Aberdeen In a first for the UK sector, the…
5 August 2020
Fugro cements uncrewed evolution strategy with order for two SEA-KIT USVs
Fugro has ordered two 12m SEA-KIT X class Uncrewed Surface Vessels (USVs); with one bound for their Asia-Pacific region and the other for North Sea operations. Ivar de Josselin de Jong, Director Remote Inspection at Fugro, said: “This order cements Fugro’s strategy to lead the development of remote and autonomous…
4 August 2020
Neptune Energy confirms significant discovery at Dugong well
Neptune Energy and its partners today announced the commercial discovery of oil at the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year. The volumes are estimated to be in the range of 6.3 – 19.0 million standard cubic…
4 August 2020
Contract signed for transport and installation of foundations at Dogger Bank
Following announcement of the award of a Preferred Supplier Agreement on 28th November 2019, OHT Alfa Lift AS has now signed the contract for the transport and installation of foundations for the first phase of Dogger Bank Wind Farm, Dogger Bank A. The contract for the second phase, Dogger Bank…
4 August 2020
Rose Petroleum plc (the "Company") Change of name to Zephyr Energy PLC AIM Rule 26 website change
Following the announcement of 29 July 2020, the Company's change of name to Zephyr Energy PLC has now become effective. Accordingly, from tomorrow, trading on AIM in the Company's shares will continue under the Company's new name and the code ZPHR.L. The Company's ISIN and SEDOL will not change. Shareholders…
4 August 2020
Contract award in Australia
Solstad Offshore ASA (“Solstad”) is pleased to announce that the AHTS’s Normand Saracen and Far Senator, along with the PSV Normand Leader, have been awarded a contract with BP Developments Australia Pty Ltd (“BP”) to support BP’s Ironbark Campaign in the Carnarvon Basin offshore Western Australia. The vessels will be…
4 August 2020
Commercialisation of technology is key to growth of the global blue economy
The UK has an unrivalled track record of technological innovation, but ideas frequently fail between invention and commercialisation. To help cross this chasm, the National Subsea Research Institute (NSRI) has developed a tool which provides a clear indication of the potential commercial viability of early stage technology in the subsea…
4 August 2020
Barryroe Farmout Update Development Consortium Information – Market Release
Providence Resources P.l.c (PVR LN, PRP ID), the Irish based Oil and Gas Energy Company is progressing Farm out discussions with SpotOn Energy on Exploration Licence SEL1/11, which includes the Barryroe oil and gas field. SpotOn Energy has confirmed that the necessary documentation is now in place to permit details…
4 August 2020
Drilling permit for well 6507/4-1 in production licence 1009
The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a drilling permit for well 6507/4-1, cf. Section 15 of the Resource Management Regulations. Well 6507/4-1 will be drilled from the Leiv Eiriksson drilling facility in position 65°38'14.31"N and 7°1'18.46"E after concluding the drilling of wildcat well 16/1-33 S for Spirit…
4 August 2020
Fugro Helps Xtera Finalise High-Speed Fibre-Optic Cable Route Between Norway and UK
Fugro has begun a pre-installation and route engineering survey project to support their client, Xtera, on NO-UK’s major fibre-optic cable installation between Norway and the UK. Fugro Galaxy Xtera has engaged Fugro to help make the NO-UK cable system one of the most secure data traffic routes across the North…
3 August 2020
Independent Oil and Gas plc Award of Phase 1 Platform EPCI Contract to HSM
Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, as operator of its joint venture with CalEnergy Resources (UK) Ltd, is pleased to announce that it has awarded the Engineering, Procurement, Construction and Installation (EPCI)…
3 August 2020
Independent Oil and Gas plc Operational Update
Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, is pleased to provide an operational update for July 2020. Platforms · Fabrication of the Phase 1 Southwark and Blythe platforms continues to progress well, with…
3 August 2020
Equinor – consent to use Maersk Intrepid on the Martin Linge field
Petroleum Safety Authority Norway have given Equinor consent to use the Maersk Intrepid mobile drilling facility for production drilling, completion and intervention on the Martin Linge field.
3 August 2020
Prosafe SE: Operational and financial update Q2 2020
Operational The fleet utilisation rate in the second quarter of 2020 was 6.5 per cent (Q2 2019: 71.6 per cent). Prosafe refers to the press release from 9 April 2020 regarding discussions with clients about current and upcoming contracts in light of COVID-19 and the oil price collapse. Certain discussions…
3 August 2020
Prosafe SE: Update on financial situation and process with lenders
Prosafe refers to the information on its financial status and process with lenders that has been provided over time, latest on 30 June 2020.The forbearance arrangement previously reported has now expired. However, the process and creditor discussions remain constructive and lenders in general maintain their support for the company to…
3 August 2020
Axxis Geo Solutions – smart-stack cost reduction plans
Due to COVID-19, their exists significant uncertainty around the OBN market in H2-2020. In line with the company’s asset-light and cost-flexible business model, Axxis Geo Solutions (AGS) will transition to a reduced operational mode following its current surveys in the North Sea and Egypt. AGS will enact a “smart stack”…
3 August 2020
Ocean Startup Challenge Seeks Problem-Solvers to Help Grow Blue Economy – 3 August 2020
Canada’s Ocean Supercluster “Ocean Startup Project” and the World Ocean Council (WOC) are collaborating to broaden the search for problem-solvers to take part in the Ocean Startup Challenge - applications close on 14 August. The Ocean Startup Challenge is one of the newest leaders in the growing ecosystem of ocean-related…
3 August 2020
SMD Secures New LARS contract with Orange Marine
Subsea vehicle and launch and recovery systems (LARS) specialists Soil Machine Dynamics (SMD) has won contracts to supply two solutions to marine telecommunications company Orange Marine Group. The new LARS systems will be used to launch custom trenching ROVs for the burial of underwater fibre optic cables. The solutions are…
3 August 2020
CSA Ocean Sciences and Cepemar Soluções Ambientais Announce Partnership in Brazil
CSA Ocean Sciences Inc. (CSA), a US-based marine environmental consulting firm, today announced a new partnership with Cepemar Soluções Ambientais (Cepemar) to serve the growing needs of the ocean and offshore industries in Brazil and South America. The partnership will operate under the banner of CSA’s Brazilian subsidiary, CSA Ciências…
3 August 2020
Polarcus Awarded 3D Project In Asia Pacific
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that a letter of intent has been received for 3D seismic data acquisition services in Asia Pacific with an expected duration of 1 month. The project is scheduled to commence in Q3 2020, subject to relevant approvals.
3 August 2020
Floatel International: Discussion with Stakeholders, Standstill and Business Plan Review
Floatel International: Discussion with Stakeholders, Standstill and Business Plan Review The Company continues to engage in constructive discussions with its key stakeholders on terms for a financial restructuring. The vessels, which are on charter continue to operate as normal and it is business as usual for the Group’s operations. The…
3 August 2020
Equinor transfers operatorship of Bressay project to EnQuest
Equinor has agreed to sell a 40.8125% interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest. The initial consideration is GBP 2.2 million, payable as a carry against 50% of Equinor’s net share of costs, with a contingent consideration of USD…
3 August 2020
Dry well near the Johan Castberg field in the Barents Sea – 7219/9-3
Equinor Energy AS, operator of production licence 532, has concluded the drilling of wildcat well 7219/9-3. The well was drilled about 25 kilometres south of the Johan Castberg field in the Barents Sea and 220 kilometres northwest of Hammerfest. The primary exploration target for the well was to prove petroleum…
3 August 2020
New order from Spirit Energy for POS-GRIP “HG” Wellhead system
Plexus has received a POS-GRIP “HG” Wellhead system order from Spirit Energy for a North Sea gas platform. Work on this project will start with immediate effect, with plans to complete manufacture this year and install the equipment during the first half of next year. POS-GRIP wellheads represent a major…
3 August 2020
Fugro Starts Shallow Water Phase For 2Africa Fibre-optic Subsea Cable Project
Fugro has begun their shallow water campaign for the “2Africa” subsea fibre-optic cable project which, once installed, will connect 23 countries in Africa, the Middle East and Europe and deliver more than the total combined capacity of all subsea data cables serving Africa today. 2Africa cable route Fugro is supporting…
3 August 2020
UK Continental Shelf Production Efficiency hits 80%
Production efficiency on the UK Continental Shelf (UKCS) has improved for the seventh consecutive year and for 2019 reached 80%, three years ahead of the 2022 target. The Oil and Gas Authority (OGA) has today published the 2019 Production Efficiency report which shows an impressive five percentage point increase on…
30 July 2020
More OPEC+ oil production from August and Covid-19 second wave to create a 4-month supply glut
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals. The analysis is based on the assumption that oil demand will not rebound as quickly as previously thought due to…
30 July 2020
CrossWind wins tender for Hollandse Kust (noord) wind farm
The CrossWind consortium, a joint venture between Shell in the Netherlands and Eneco, is delighted to have been awarded the tender for the subsidy-free offshore wind farm Hollandse Kust (noord). The wind farm will help to meet the objectives of the Dutch Climate Accord and the EU’s Green Deal. Both…
30 July 2020
Signing memorandum of understanding on the development of Thang Long Wind wind-power project at Vietnam Energy Summit 2020
At the signing ceremony, the representative of Enterprize Energy corporation said that after the Enterprize Energy corporation proposed the 2019 aspirations, they had received the directive from the Prime Minister of Vietnam on the permission to survey and implement of the Thang Long offshore wind power project in Binh Thuan…
30 July 2020
New Report Sets Out Renewables' Contribution To Rural Scotland
Renewable energy’s contribution to the economy of rural Scotland is analysed in a new publication by industry body Scottish Renewables. The report is an easily-accessible review of five economic studies carried out over the past three years. It shows the “remarkable an undeniable” positive effects of the sustainable development of…
30 July 2020
Apache Corporation Announces Major Oil Discovery In Block 58 Offshore Suriname At Kwaskwasi-1
Third consecutive discovery offshore Suriname confirms a world-class hydrocarbon resource. Kwaskwasi-1 well encountered 278 meters (912 feet) of net oil and volatile oil / gas condensate pay. Fourth exploration prospect in Block 58, Keskesi East-1, will be drilled immediately following conclusion of operations at Kwaskwasi. Apache Corporation (Nasdaq: APA) and…
30 July 2020
Drilling permit for well 6407/1-8 S and A in production licence 263 D
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 6407/1-8 S & A, cf. Section 15 of the Resource Management Regulations. Well 6407/1-8 S and A will be drilled from the West Hercules drilling facility in position 64°59'55.64"N and 7°11'30.1"E after concluding the drilling of…
30 July 2020
Petrofac doubles UK well portfolio with NEO Energy award
Petrofac’s Engineering and Production Services (EPS) business today announces the award of a two-year contract with NEO Energy. Under the terms of the agreement, Petrofac will provide Well Management and Well Operator support for 25 production wells across the Affleck, Balloch, Dumbarton, Flyndre and Lochranza fields. The contract also positions…
30 July 2020
Global Petroleum Limited (“Global” or “the Company”) Extension of Petroleum Exploration Licence 0094 in Namibia
Global Petroleum Limited (AIM: GBP) is pleased to announce in connection with its licence PEL0094 (Block 2011A), offshore Namibia, that the Ministry of Mines and Energy in Namibia (the “Ministry”) has agreed to extend the licence sub-period from September 2020 to September 2021 and also to modify the work commitments.…
30 July 2020
Spirit Energy Extends Life Of North Sea Gas Field
York, a Spirit Energy-owned gas field in the Southern North Sea has been given another three years of life with an additional £13million investment. Located approximately 34km from the North East Yorkshire coastline, York achieved first gas in 2013 and was expected to produce until 2020. The recently approved York…
29 July 2020
Okeanus Delivers Winches and Launch and Recovery Systems to C-Innovation
Okeanus Science & Technology, LLC (Okeanus), an established provider of marine oceanographic engineered equipment, today announced that it has delivered two integrated, skid-mounted winches and A-Frame LARS to C-Innovation, in Brazil. This custom deck equipment is destined for use by C-Innovation clients aboard two separate RSVs for CTD deployment at…
29 July 2020
Maersk Drilling invests in new technology to facilitate carbon-neutral drilling
Maersk Drilling has entered an agreement to invest USD 1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology originally developed for the aerospace industry, which is now being deployed in a process that is expected to…
29 July 2020
TGS Announces Completion of the East Coast Canada Facies Map Browser and Play Fairway Analysis
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the completion of the East Coast Canada Facies Map Browser and Play Fairway Analysis (ECC FMB & PFA). Using data acquired in partnership with PGS, this study offers seamless subsurface interpretation for the entire…
29 July 2020
PGS Sets Australian Seismic Acquisition Benchmark with the Ramform Hyperion
The 3D seismic data from Keraudren provides a marked improvement in data quality over targeted reservoir intervals discovered and appraised in the three Dorado wells drilled in 2018 and 2019. The Keraudren 3D seismic survey was recently acquired by the Ramform Hyperion, one of four Titan-class Ramform vessels in the…
29 July 2020
Magseis Fairfield secures additional pre-funding for ongoing multi-client project
Magseis Fairfield has together with partner, CGG, secured pre-funding from another oil major for the extension of the OBN Cornerstone multi-client survey in the North Sea. This both confirms the industry interest in the area and reduces Magseis Fairfield’s relative exposure in the project. “Together with CGG we are bringing…
29 July 2020
Final building permit issued for EuroAsia Interconnector converter station in Cyprus
The Republic of Cyprus has issued the final building permit to EuroAsia Interconnector, the official project developer of the European Project of Common Interest PCI 3.10 Israel-Cyprus-Greece (Crete), for the construction of the high voltage direct current (HVDC) converter station in Cyprus. The issue of the relevant permit provides the…
29 July 2020
Aker Solutions Secures Brownfield Services Contract for Hebron Platform in Canada
Aker Solutions has secured a five-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland. The contract is an extension for a 5-year period, starting in the summer of 2020. Aker Solutions has provided EPC services to…
29 July 2020
Eni: Bashrush discovery, in North El Hammad concession in Mediterranean Sea of Egypt, tested with success
Eni (as the Operator of the Block), bp and Total (as Contractor members) have successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession, in the conventional Egyptian waters of the Nile Delta. The well has been opened to test potentiality of production, and…
29 July 2020
Fugro Begins Extensive Site Charctersiation for Scottishpower Renewables East Anglia Hub
Fugro has begun the geophysical survey phase of a large multidisciplinary site investigation contract worth around GBP 55 million for ScottishPower Renewables’ (SPR’s) East Anglia Hub project. The phased site investigations are scheduled to finish at the end of 2021 and support the development of wind farms in the UK…