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20 July 2020
Equinor selects Optime Subsea to bridge the gap in All-Electric fields
For over a decade, Optime has been the driver in moving hydraulic energy and control from topside to the seabed. This technology is also proving beneficial for All-Electric fields, where certain valve functions may require hydraulic control. Equinor have selected Optimes Hydraulic Pump for its future All-Electric initiative. All-Electric solutions…
20 July 2020
Aker Solutions Appoints New CEO and Launches Transformation to Spin Off Offshore Wind and CCUS Businesses to Shareholders and Merge with Kvaerner
Aker Solutions is launching a series of structural and strategic changes to transform the company and enhance shareholder value by spinning off the wind and carbon capture businesses to shareholders and merging Aker Solutions ASA ("Aker Solutions") with Kværner ASA ("Kvaerner") to create an optimized supplier company. Kjetel Digre has…
20 July 2020
Ocean Infinity Completes Offshore Project In Guyana
Ocean Infinity, the world-leading marine robotics company, is pleased to announce it has successfully completed its recent project for ExxonMobil, within the Stabroek block offshore Guyana. The project involved acquiring high-resolution geophysical and geotechnical data through the simultaneous deployment of multiple Autonomous Underwater Vehicles (AUV), in water depths of between…
20 July 2020
Interim report – activity rising again in the petroleum industry following turbulence in the first months of the year
In the first half of 2020, activity on the Norwegian shelf has been characterised by the corona situation with restrictions on activity, a drop in demand and a declining oil price. This spring, based on the extraordinary situation in the oil market, the Government decided to cut oil production as…
20 July 2020
Halliburton Forms Strategic Agreement With Microsoft And Accenture To Advance Digital Capabilities
Halliburton (NYSE: HAL), Microsoft Corp. (Nasdaq: MSFT) and Accenture (NYSE: ACN) today announced they have entered into a five-year strategic agreement to advance Halliburton’s digital capabilities in Microsoft Azure. Under the agreement, Halliburton will complete its move to cloud-based digital platforms and strengthen its customer offerings by: • Enhancing real-time…
20 July 2020
BOEM Proposes Region-wide Oil and Gas Lease Sale for Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) proposes to offer approximately 78.8 million acres for a region-wide lease sale scheduled for November 2020. Lease Sale 256, scheduled to be livestreamed from New Orleans, will be the seventh offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.…
20 July 2020
Oil & gas project sanctioning in 2020 set to fall by more than 75% despite activity in Norway, Russia
Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the Covid-19 epidemic has caused E&P spending to drop much lower than what was expected at the beginning of the crisis. Rystad Energy estimates total sanctioning value will end up at around…
20 July 2020
SPAs signed for BP Acquisitions
Premier is pleased to announce that it has signed sale and purchase agreements (“SPAs”) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets (together, the “BP Acquisitions”), reflecting the amended terms announced by the Company on 5th June. This follows the receipt of…
17 July 2020
Subsea 7 awarded renewables contract offshore Taiwan
Subsea 7 today announced the award of a sizeable(1) contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan. Project engineering will commence immediately at Seaway 7’s offices in Leer, Germany and in Taipei, Taiwan. Offshore activities are expected to commence in 2023.…
17 July 2020
How further delays could hit the value and output of Guyana’s Payara-Pacora offshore project
The development of Guyana’s world-class deepwater oil resources in the Payara-Pacora project of its prolific Stabroek block, whose addition is set to add billions of dollars to the country’s GDP, is already plagued by delays. If prolonged, the delays will decrease the nation’s planned oil revenues, the asset’s net present…
17 July 2020
Siemens Gamesa and Trianel Windpark Borkum II celebrate new milestone with offshore service contract for Senvion wind turbines
Siemens Gamesa wins first offshore service agreement for Senvion wind turbines since the acquisition and further strengthens its leading market position 5-year full scope offshore service contract with fixed extension options awarded by Trianel Windkraftwerk Borkum II GmbH & Co. KG for maintenance of Trianel Windpark Borkum II Starting date…
17 July 2020
FAR Limited : Projects update
Senegal Rufisque, Sangomar and Sangomar Deep (RSSD) (FAR 15% Working Interest) Over the past three months, the Operator has been undertaking a program to rescope, reschedule and reprice the Sangomar Field Development project in order to reduce capital expenditure to ease the pressure on financing or the development. As previously…
17 July 2020
Ironbark Environment Plan Approved
The Environment Plan (EP) for the Ironbark-1 exploration well in exploration permit WA-359-P has been approved by the National Offshore Petroleum Safety and Environment Management Authority (NOPSEMA). Ironbark-1 drilling activities are planned to commence in October 2020 with final timing dependent on the progress of the current drilling program being…
17 July 2020
Fiscal relief package triggers drilling activities
Vår Energi resumes drilling activities in the Barents Sea and the North Sea, which this spring were postponed due to the corona pandemic and oil price collapse. The decision has been made possible by the temporary changes in the petroleum tax, adopted by the Norwegian parliament in June. This triggers…
17 July 2020
PGS Expands GeoStreamer Coverage in Deepwater Cote d’Ivoire
Modern imaging techniques applied to 12 000 sq. km of broadband data unveil key plays in the West Africa Transform Margin exploration hot spot of Cote d'Ivoire. This MultiClient 3D dataset is now available in the PGS data library. Recent 3D GeoStreamer acquisition over blocks CI-526/707/708 has been combined with…
17 July 2020
Approval of Shetland Transmission Link Unlocks Over £1bn Of Investment
SSE plc welcomes today’s decision by Ofgem to approve the 600MW HVDC transmission link connecting Shetland to the GB mainland. The link, being taken forward by SSE’s transmission business, Scottish and Southern Electricity Networks Transmission (SSEN Transmission), will facilitate the connection of renewable electricity developments on Shetland, including SSE Renewables’…
16 July 2020
Second quarter and first half year 2020 report
Aker BP delivered strong operational performance and record high production in the second quarter. The company’s field developments progressed as planned, including a successful start-up of the first Ærfugl phase 2 well. Following the recently introduced temporary changes to the Norwegian petroleum tax system, the company has submitted the plan…
16 July 2020
Woodside Second Quarter Report For Period Ended 30th June 2020
Performance highlights • Delivered record production of 25.9 MMboe, up 7% from Q1 2020, contributing to record first-half output of 50.1 MMboe, up 28% from H1 2019. • Delivered increased sales volume of 27.1 MMboe, up 13% from Q1 2020. • Achieved record equity domestic gas sales volumes. • Delivered…
16 July 2020
Sonardyne Underwater Positioning To Support Fugro's Offshore Wind Operations In North America
Leading geo-data specialist Fugro has chosen underwater positioning technology from Sonardyne Inc. for its upcoming offshore wind farm projects in North America. Fugro has ordered three Sonardyne Mini-Ranger 2 Ultra-Short BaseLine (USBL) underwater positioning systems to support shallow water site characterisation surveys, and a standard Ranger 2 for positioning geotechnical…
16 July 2020
Wood completes work on SGN's green hydrogen-to-homes network project in Argyll
Wood, the global engineering and consulting company, has successfully delivered preliminary engineering design services for gas network operator SGN’s candidate site at Machrihanish, on the west coast of Scotland, as part of its Hydrogen 100 (H100) project.The H100 demonstration project will initially aim to supply energy to homes in Fife,…
16 July 2020
Petrobras concludes the sale of shallow water fields
Petrobras, following up on the release disclosed on 07/24/2019, reports that it has today completed the sale of its entire stake in the ten fields that comprise the Pampo and Enchova Clusters, located in shallow water in the Campos Basin in the state of Rio de Janeiro, to Trident Energy…
16 July 2020
Nova Innovation wins second subsea connector contract
Tidal energy company Nova Innovation has won a second contract with Wave Energy Scotland (WES) to deliver its innovative subsea electrical connector. To harness the immense power of our seas – from both tidal and wave energy – a reliable and cost-effective solution for subsea electrical connections is essential. Nova’s…
16 July 2020
Balmoral’s ‘Discovery Unit’ develops offshore wind integrated cable protection solution
Multi-discipline engineering outfit Balmoral offers a range of cable protection systems (CPS) for inter array and export cables for fixed and floating offshore wind installations. The independent company’s in-house ‘Discovery Unit’, a combination of product R&D, materials and testing specialists, has created an integrated CPS for fixed-base offshore wind farms…
16 July 2020
New PGS Data Now Available for Brazil Sergipe-Alagoas Basin
PGS has released a contiguous prestack depth data volume of GeoStreamer data covering 13 000 sq. km in Brazil's Sergipe-Alagoas Basin. Data covers key offshore discoveries in the SEAL Basin. This extends coverage into deepwater areas relevant for recent leasing, and where future open acreage will be offered in upcoming…
15 July 2020
Premier Oil : Trading and Operations update
Production averaged 67.3 kboepd to the end of June; 2020 guidance of 65-70 kboepd (before any contribution from the proposed acquired BP assets) reiterated Solan P3 successfully drilled and due on-stream in September; forecast to add c.10 kbopd to Group production rates in Q4 Tolmount: final onshore commissioning of topsides…
15 July 2020
Senior Industry Figures Launch Energy Transition Advisory Company
Leading oil and gas professionals Hamish Wilson, Bill Senior, Tony Smith, Martin Dru and Sarah Milne are today launching BluEnergy, committed to enabling oil and gas companies to leverage their existing asset base to create low carbon energy streams, generating value whilst reducing carbon intensity. Hamish Wilson, Co-Founder of BluEnergy,…
15 July 2020
Oil and gas drilling set for at least a 20-year low in 2020, unlikely to recover to 2019 levels soon
The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment. A Rystad Energy analysis shows the number of drilled wells globally is expected to reach around 55,350…
15 July 2020
Floating Wind Joint Industry Project R&D findings delivered to support 70GW by 2040
The Carbon Trust has today released the latest summary findings from the Floating Wind Joint Industry Project (JIP). The Floating Wind Joint Industry Project - Phase II summary report, outlines floating wind technology challenges prioritised by developers to accelerate the commercialisation of floating wind. The findings summarise the work undertaken…
15 July 2020
Petrobras reduces cost of post-salt well construction
Petrobras informs that in early July, it completed, in half the time, the construction of the 7 GLF 49H ESS offshore well, in the Golfinho field, in the Espírito Santo Basin, 100 km from Vitória. This was the first post-salt well built with the application of the True One Trip…
15 July 2020
OKEA - Acquisition of Aurora discovery from Equinor
OKEA ASA (“OKEA” or the “Company”) is pleased to announce that the company has signed a Sales and Purchase Agreement (SPA) with Equinor Energy AS (“Equinor”) for the acquisition of Equinor’s 40% operated working interest in PL195 and PL195 B, which include the Aurora discovery, with effective date 1 January…
15 July 2020
Petrobras on production record in Búzios
Petróleo Brasileiro S.A. – Petrobras reports that the platforms installed in the Búzios field (P-74, P-75, P-76 and P-77), in the Santos Basin pre-salt, reached new production records yesterday, of 674,000 barrels of oil per day (bpd) and 844,000 barrels of oil equivalent per day (boed). The Búzios field, discovered…
14 July 2020
NOPSEMA approves 3D Oil's Sauropod 3D survey in Roebuck Basin permit WA-527-P
NOPSEMA approves 3D Oil's Sauropod 3D survey in Roebuck Basin permit WA-527-P3D Oil Limited (3D Oil) is proposing to undertake the Sauropod three-dimensional (3D) marine seismic survey (MSS) in Commonwealth waters of the Roebuck Basin, within exploration permit WA-527-P. The purpose of the Sauropod 3D MSS is to collect high…
14 July 2020
Neptune Energy joins European Clean Hydrogen Alliance
Neptune Energy today announced it has joined the European Clean Hydrogen Alliance, supporting the development of the EU’s hydrogen strategy. The alliance was launched last week, bringing together industry, public authorities and civil society. It is part of the EU's strategy to support efforts for Europe to become carbon neutral…
14 July 2020
Electric Manipulator Breakthrough From Saab Seaeye
Saab Seaeye’s first seven-function all-electric work-class manipulator has been developed by the world leader in electric underwater robotic vehicles. This breakthrough heralds a significant advance in underwater robotic technology in the growing electric tooling and vehicle market. The all-electric work-class seven-function manipulator introduces an equally powerful, more precise and more…
14 July 2020
Manora Oil Field gross production capacity increased by approximately 4,500 bopd with successful completion of the 2020 development drilling and workover program
Highlights: • Four new development wells (MNA-25, MNA-26H, MNA-27 and MNA-28) safely drilled, completed and brought into production in line with pre -drill expectations. • Two workovers (MNA-7 & MNA-15) also completed and achieving pre-drill objectives. • All wells now on stream, adding over 4,500 bopd gross to total field…
14 July 2020
Weatherford Signs 18-Month Contract With Iraqi Drilling Company
Weatherford International plc (OTC Pink: WFTLF) announced today it has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq. Basim M. Khudair, General…
14 July 2020
Eolus acquires seven wind power projects in early development
Eolus has signed an agreement to acquire seven wind power projects in early development phase from Vindkraft Värmland, a subsidiary of Modern Energy. The projects located in SE3 and SE4 are estimated to in total appr 450 MW. Six of the acquired projects are located in SE3 and one is…
14 July 2020
Santos looks to hydrogen future through carbon capture and storage
Santos has commenced a concept study on a hydrogen future for the Cooper Basin. The concept study has been awarded to GHD, one of the world’s leading professional services firms in resources, energy and environment. Santos Managing Director and Chief Executive Officer Kevin Gallagher said that natural gas can be…
14 July 2020
Minor oil discovery near the Vigdis field in the North Sea – 34/7-E-4 AH
Equinor Energy AS, operator of production licence 089, has completed the drilling of wildcat well 34/7-E-4 AH just northwest of the Vigdis Vest field in the northern part of the North Sea and 160 kilometres west of Florø. The objective of the well was to prove petroleum in reservoir rocks…
13 July 2020
Participation in FPSO Owning and Chartering Business for Marlim II Project, Offshore Brazil
Kawasaki Kisen Kaisha, Ltd. (head office: Chiyoda-ku, Tokyo; President & CEO: Yukikazu Myochin; hereinafter "’K’ Line”) has concluded agreements with Yinson Acacia Ltd, a wholly-owned subsidiary of Yinson Holdings Berhad, a Malaysian energy services provider and Sumitomo Corporation (hereinafter “Sumitomo”), to participate in the floating production, storage and offloading (FPSO*)…
13 July 2020
Petrobras on shallow water field sales
Petrobras informs that it signed with OP Pescada Óleo e Gás Ltda., a wholly-owned subsidiary of Ouro Preto Óleo e Gás S.A., an agreement for the sale of its entire stake in the Pescada, Arabaiana, and Dentão fields located in shallow waters of the Potiguar Basin (Pescada Cluster), in the state…
13 July 2020
Ørsted and Van Oord have successfully installed all array cables of the Borssele I & II offshore wind farm
Ørsted and Van Oord have successfully installed all 94 array cables connecting the turbines of the Borssele I & II offshore wind farm. The installation started, ahead of schedule, in February this year. The cables are installed by Van Oord’s cable-laying vessel Nexus. Next month, Van Oord and Ørsted also…
13 July 2020
UK Oil & Gas PLC ("UKOG" or the "Company") Broadford Bridge Kimmeridge oil discovery granted 24-month Planning Extension
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that West Sussex County Council's ("WSCC's") Planning Committee have approved, by a significant 10-1 majority vote, a 2 year planning permission extension to its Broadford Bridge-1/1z ("BB-1") Kimmeridge oil discovery, located in licence PEDL234 (UKOG 100%). The planning…
13 July 2020
EDS HV Group secures work on three offshore Vattenfall sites, including Denmark's largest ever offshore wind farm
David Orr To Oversee Team Completing High Voltage Network Commissioning And Safety Management At Kriegers Flak And Vesterhav Syd EDS HV Group have secured two new contracts with Vattenfall for high voltage network commissioning and safety management at three wind farms; Kriegers Flak, Vesterhav Syd and Vesterhav Nord. Following the…
13 July 2020
Acquisition Complete on GeoStreamer X Viking Graben 2020
PGS has completed second successful GeoStreamer X seismic survey in the Viking Graben, on time and covering all targets. Fast track data will be ready in Q4 and final PSDM results will be available Q2 2021. The GeoStreamer X Viking Graben 2020 extension project once again applied PGS’s latest technology…
13 July 2020
Oil and gas industry welcomes job support and underlines need to remain focused on delivering successful transition
The UK’s offshore oil and gas industry has today welcomed the Chancellor’s announcement of support for employers, including the Job Retention Bonus and moves to support more traineeships and jobs for young people. The leading representative body for the sector OGUK said that the UK faces a once-in-a-lifetime opportunity to…
10 July 2020
Petrofac joint venture secures EPCC contract in Kazakhstan with NCOC
Petrofac’s Engineering & Production Services (EPS) division, in joint venture with Isker, a Kazakhstan company, has secured an Engineering, Procurement, Construction, Pre-commissioning and Commissioning (EPCC) contract worth approximately US$135 million for New Water Treating Facilities for North Caspian Operating Company (NCOC) in Atyrau, Kazakhstan. The work scope for the 30-month…
10 July 2020
Pale Blue Dot Energy corporate restructure and strategic investment by Macquarie Group
Pale Blue Dot is pleased to announce a corporate restructure that will see Storegga Geotechnologies become the new holding company for the Scottish based business. Macquarie Group’s Commodities and Global Markets business has become a cornerstone investor in Storegga to assist Pale Blue Dot drive forward its low carbon energy…
10 July 2020
Polarcus Awarded 3D Project In Asia Pacific
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces a contract has been entered into with ENI for 3D seismic data acquisition services in Asia Pacific with an expected minimum duration of one month. The project is scheduled to commence in Q1 2021, subject to relevant approvals.
10 July 2020
PGS - DIG Collaboration Identifies a New Play with Significant Potential in the Harstad Basin
Understanding of Barents Sea blocks 7017, 7018, 7117 and 7118 has been transformed following a recent project carried out by PGS together with DIG Science. It identifies multiple strong prospects close to and far more exciting than the Big Dipper, using a model created using DIG Science technology applied to…