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15 June 2020
Jotun FPSO kicks off life extension project in the North Sea
Jotun FPSO has been producing oil from the Jotun field in the North Sea since 1999. The vessel is now being taken ashore for upgrading at Rosenberg Worley in Stavanger. The event kicks off the life extension of the Balder Area in the North Sea. "I am happy and very…
15 June 2020
Contracts for PSV’s in the North Sea
A leading North Sea Operator has awarded Solstad Offshore ASA contracts for two Platform Supply Vessels (PSV) for a period of six months firm plus options. Far Spica will commence its charter during June 2020 with Normand Springer or sister vessel to follow during October 2020. Both vessels will be…
15 June 2020
Drilling permit for wells 34/4-15 S and 34/4-15 A in production licence 882
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy Norge AS a drilling permit for wells 34/4-15 S and 34/4-15 A, cf. Section 15 of the Resource Management Regulations. Wells 34/4-15 S and 34/4-15 A will be drilled from the Deepsea Yantai drilling facility in position 61°33'45.84"N and 2°2'37.52"E after…
15 June 2020
BP revises long-term price assumptions, reviews intangible assets and, as a result, expects non-cash impairments and write-offs
In mid-February, BP p.l.c. (bp) laid out a new purpose – to reimagine energy for people and our planet – and its ambition to become a net zero company by 2050 or sooner and to help the world get to net zero. Since then, bp has focused its work in…
15 June 2020
Ampelmann sells winterised A-type gangway system to Royal Niestern Sander shipyard
Ampelmann, the global offshore access provider, has secured a contract with Dutch shipyard Royal Niestern Sander, member of the Royal Wagenborg Group, for the sale of a winterised A-type, a new motion compensated gangway system that combines the features of the original A-type with the ability to operate in extreme…
12 June 2020
£62 million fund for energy sector announced
A multi-million-pound fund has been set up to help the energy sector recover from the dual economic impacts of coronavirus (COVID-19) and the oil and gas price crash. The £62 million Energy Transition Fund will support businesses in the oil, gas and energy sectors over the next five years as…
12 June 2020
Contract extension for Energy Swan
A contract extension has been secured with Wintershall Dea Norge AS. The contract is in direct continuation of the charter contract from 2013. The large PSV Energy Swan was in 2013 chartered for a firm period of 4 years + optional (total of 4 years options). Wintershall Dea Norge AS…
12 June 2020
Equinor Extends CHC Contracts
CHC Group, one of the world's leading helicopter services and maintenance, repair and overhaul providers, today annouced that Equinor has confirmed extensions for both the Tampen/Oseberg and Heidrun contract for one year, effective from September 2020 to August 2021. This is for three Sikorsky S-92 SAR aircraft and three super…
12 June 2020
Eni and Korea Gas Corporation to strengthen the cooperation in the energy sector
Claudio Descalzi, Eni CEO, and Hee-bong Chae, Korea Gas Corporation President and CEO signed a Memorandum of Understanding (MoU) to identify specific cooperation opportunities in different areas such as exploration and production projects, LNG projects, downstream and infrastructure projects and in particular circular economy and low-carbon energy projects. The two…
12 June 2020
New report calls for 'niche market' to develop marine renewables
A report published has called on industry and government to work together to develop opportunities for the use of marine renewables in the oil and gas sector. The call is backed by a coalition of organisations and individuals* who attended a conference held at the University of Aberdeen last year,…
12 June 2020
Global Offshore Proves New Pre-Lay Plough Technology on its First Project with Vattenfall
Global Offshore, a leading provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil & gas markets and part of the Global Marine Group, has completed their first phase of work at Vattenfall’s Danish Kriegers Flak site utilising the new PLP240 asset for boulder clearance…
12 June 2020
Brace Of US Gulf Of Mexico Contracts For TEMS International
The Aberdeen-headquartered company, which has offices in Houston and Kuala Lumpur, has been awarded the separate contracts by two Houston-based exploration and production companies. TEMS International won both contracts in recent months and operations are already underway, with each scheduled to last for a minimum of 12 months. Combined the…
12 June 2020
Industry Group Urges The UK Government To Exempt All Offshore Energy Sector Workers From Its Quarantine Restrictions
The global Offshore Industry Group, comprising IADC, IAGC, IMCA, IOGP and ISOA urges the UK Government to exempt all offshore energy sector workers from the 14-day quarantine restrictions introduced on the 8 June. The Group has the support of the United Nations’ International Maritime Organization’s Secretary-General for its Recommendations (IMO…
12 June 2020
Shell's Gaupe Decommissioning plans being assessed by the authorities
The UK authorities are assessing Shell/s plan for the decommissioning of the infrastructure at the Gaupe field subsea tieback.The field comprises two production wells Gaupe North and Gaupe South.More
12 June 2020
New decommissioning project for AF Gruppen
AF Gruppen has been awarded a contract by Shell UK Ltd for dismantling and recycling of the Curlew floating, production, storage and offloading unit (FPSO), which operated in the North Sea. The contract includes Engineering, Preparation, Dismantling and Recycling. The FPSO is expected to arrive at AF Environmental Base Vats…
12 June 2020
Red Rock Delivers Crane Package to Nexans Aurora
“This delivery definitely strengthens our Offshore Wind presence, and we’re excited to have Red Rock cranes onboard this magnificent vessel”, says Red Rock CCO Thomas Holte. “Nexans Aurora is a technological marvel literally leading the way into the future, and being at the forefront of technology innovation, Red Rock will…
11 June 2020
Sparrows Group moves to purpose-built facility in Angola
Engineering and maintenance specialist Sparrows Group has re-located to a new purpose-built facility in Luanda, Angola to support its growing operations in Africa. The move provides the company with a new workshop, storage yard, training facilities, and office to deliver its International Organization for Standardization (ISO) certified services in-country. This…
11 June 2020
CNOOC Limited Announces Qinhuangdao 33-1S Oilfield Phase I Project Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Qinhuangdao 33-1S oilfield phase I project has commenced production. Qinhuangdao 33-1S oilfield is located in central and western Bohai with an average water depth of 21 meters. The project has built one wellhead platform in addition to…
11 June 2020
Deep Down Receives Orders Totaling Approximately $2 Million
Deep Down, Inc. (OTCQB: DPDW) ("Deep Down"), a specialist in subsea oil and gas production control equipment and services, today announced that it has received material orders from two customers totaling approximately $2 million. The scope of work for these orders includes providing subsea controls equipment consisting of jumpers, flying…
11 June 2020
Siemens HVDC power bridge will connect Crete with mainland Greece
Attica-Crete interconnection will ensure a more secure power supply and increase integration of renewable energy HVDC project will reduce half a million tons of CO2 emissions in first year of operation Total order volume for Siemens-led consortium €370 million A consortium led by Siemens Gas and Power (Siemens Energy) has…
11 June 2020
Aker Solutions Wins Umbilicals Contract for the King's Quay Development
Aker Solutions was awarded a contract from Subsea 7 to deliver umbilicals for Murphy Exploration and Production Company - USA’s King’s Quay development in the U.S. Gulf of Mexico. The work scope includes 22 kilometers (14 miles) of dynamic steel-tube umbilicals and distribution equipment to connect the King’s Quay floating…
11 June 2020
Europa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’) Acquisition of offshore Ireland licence in proven gas play
Highlights • Acquisition of licence near Corrib gas field in the Slyne Basin is in line with the refocus of Europa’s Irish portfolio towards gas • Includes 1.2 tcf Edge prospect* which together with Europa’s nearby 1.5 tcf Inishkea prospect represents a strategic position in a proven gas play •…
11 June 2020
Forum Energy Technologies appoints Chinese partner to support Asian growth strategy
Forum Energy Technologies has announced that Wuxi Haiying-Cal Tec Marine Technology Co., Ltd will represent Forum for the sale of the company’s extensive range of remotely operated vehicles (ROVs) in China, including its recently launched XLe Spirit electric ROV. The vehicle, which recently completed successful sea trial in Norway, is…
11 June 2020
Equinor and Aker BP agree on way forward for Krafla, Fulla and North of Alvheim
The parties have entered into an agreement on commercial terms for a coordinated development of the licenses Krafla, Fulla and North of Alvheim (NOA) on the Norwegian Continental Shelf. Equinor is the operator of the Krafla license and Aker BP is the operator of the NOA and the Fulla licenses.…
11 June 2020
Ørsted reaches new offshore wind milestone with turbine number 1,500
Ørsted has reached another milestone in its expanding offshore wind business with the installation of offshore wind turbine 1,500. Ørsted is set to more than double its offshore wind capacity in the coming five years using ever larger turbines. When Ørsted recently installed the 25th of Borssele 1 & 2's…
11 June 2020
New PGS Seismic and Well Data for Extended Gabon License Round
A recent expansion of Gabon MegaSurvey coverage has significantly increased access to 3D seismic over the 35 open blocks on offer. The Direction Generale des Hydrocarbures (DGH) and PGS now offer over 65 000 sq. km of 3D seismic and over 21 000 km of 2D seismic data. An extension…
11 June 2020
PGNiG to make renewables part of its strategy
By the end of this year Polish Oil and Gas Company (PGNiG) will present an updated strategy for the entire PGNiG Group. One new strategic initiative will be to build the segment of renewable energy sources. The Group may spend even as much as PLN 4bn on its creation and…
10 June 2020
Cranium Engineering deploys C-Kore units again in Nigeria
C-Kore Systems completed a successful campaign offshore Nigeria with VAYCO Oil tools and local Nigerian partner Cranium Engineering. The operation for a major oil operator in over 1,000m water depth allowed rapid testing of umbilicals and electrical flying leads (EFLs) for regulatory compliance and immediate rectification of subsea faults, saving…
10 June 2020
APT secures multiple projects with Chrysaor
UK independent Chrysaor North Sea Limited (Chrysaor) has contracted Applied Petroleum Technology (APT) to deliver various geochemical and petroleum systems analyses in connection with the operator’s Armada hub facility and exploration around the Greater Lomond area on the UK continental shelf. APT has been engaged by Chrysaor to carry out…
10 June 2020
Petrofac to support leading UK CCS and hydrogen project
Petrofac’s Engineering and Production Services (EPS) business announces today it has been awarded an Engineering and Project Management Office support contract for the Acorn project. EPS will provide Project Management systems and technical support during the Front End Engineering Design for Acorn Carbon Capture and Storage (CCS), and the Concept…
10 June 2020
South Marsh Island 58 G Platform Instillation Process Begins
The load out of the SM58 G platform and jacket has begun The G platform will be installed over the next three weeks Oil and Gas pipeline installation to begin in early July Byron anticipates the arrival of the EOD 264 drilling rig in mid to late July for completion…
10 June 2020
Trans Adriatic Pipeline Completes Offshore Section
Trans Adriatic Pipeline (TAP) AG successfully completed the 105 km long offshore section of the pipeline across the Adriatic Sea. This milestone includes several deliverables, such as the offshore installation of 36-inch pipes by Castoro Sei, Saipem’s semi-submersible pipelaying vessel, the above-water-tie-in with the onshore infrastructure in Albanian waters, as…
10 June 2020
Sleipner field centre to be partly electrified
Equinor and partners Vår Energi, LOTOS and KUFPEC have made an investment decision to partly electrify the Sleipner field. Today, the partners are submitting a revised plan for development and operation to the authorities. “Today, we are pleased to submit development plans for Sleipner electrification that will provide both ripple…
10 June 2020
Kvaerner awarded contract for HOD
Aker BP has awarded Kvaerner the contract for delivering the topside and steel substructure for the normally unmanned wellhead platform at the Hod field. This is the second project in the wellhead platform alliance, which was established between Aker BP, Kvaerner, ABB and Aker Solutions. The contract is an important…
10 June 2020
Tax changes trigger new investments
A broad political majority in Norway has announced an agreement to make temporary changes to the Norwegian petroleum tax system. The changes will strengthen Aker BP’s investment capacity and help to unlock new field development projects. This will contribute to higher activity and increased value creation for Aker BP, its…
10 June 2020
Green light for multi-billion pound investment in Scotland’s net zero economy
Crown Estate Scotland, manager of Scotland’s seabed, has today (10 June 2020) announced the launch of the first round of offshore wind leasing in Scottish waters for a decade. The multi-billion pound investment opportunity will form a major part of Scotland’s green recovery. The round, called ScotWind Leasing, enables companies…
9 June 2020
McDermott Completes Pan Malaysia Transportation and Installation Projects
McDermott International, Inc. today announced the completion of the Pan Malaysia Transportation and Installation Projects for Sarawak Shell Berhad and SapuraOMV, located offshore Miri, Sarawak. Awarded in November 2018, the Pan Malaysia Transportation and Installation Projects included the transport and installation of jackets, topsides and pipelines for the Gorek, Larak…
9 June 2020
Awilco Drilling PLC : Nordic Winter
Awilco Rig 1 Pte. Ltd. (“AR1”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of a semi-submersible drilling rig, Nordic Winter, as a…
9 June 2020
TGS Announces Completion of Santos Basin Multi-Client 3D Survey
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the completion of an additional phase of the Santos Basin 3D Multi-Client seismic survey in Brazil. The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks…
9 June 2020
Shepherd Offshore Test Tank Development
Shepherd Offshore is constructing one of Europe’s largest offshore testing tanks at Neptune Energy Park in Walker, Newcastle. Located on the North Bank of the Tyne, the Neptune Enterprise Zone is one of the UK’s six CORE (Centre for Offshore Renewable Engineering) sites. The deep-water Test Tank will provide the…
9 June 2020
Bahamas Petroleum Company plc ("BPC", "Bahamas Petroleum" or the "Company") Uruguay Offshore Licence Award
Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to announce that in its efforts to expand the Company's portfolio options, it has been awarded the AREA OFF-1 petroleum licence offshore Uruguay. Highlights · BPC has…
9 June 2020
Shell submitted Kingfisher decommissioning plan's for assessment
The UK authorities are assessing the plans for the decommissioning of Shell’s Kingfisher installations and fifteen associated infield pipelines off the UK. More
9 June 2020
Penspen wins contract in Myanmar
Penspen have been awarded a contract from one of the oil and gas operators in Myanmar, for an offshore natural gas project in Myanmar. The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification for the multi-field integrated natural gas development. Penspen will perform…
9 June 2020
Sembcorp Industries and Sembcorp Marine Propose S$2.1 Billion Recapitalisation of Sembcorp Marine, and Demerger to Focus Companies on their Growth Segments
S$2.1 billion renounceable Rights Issue by Sembcorp Marine will strengthen its cash position and balance sheet Sembcorp Marine will undertake a 5-for-1 Rights Issue (5 Rights Shares for every 1 Sembcorp Marine share held) at a Rights Issue Price of S$0.20 per share Rights Price represents a 31.0% discount to…
8 June 2020
Jan De Nul breaks ground as construction works in Taiwan move forward
Jan De Nul has kicked off construction works in Taiwan for the Formosa 2 Offshore Wind Farm. Nearshore and onshore construction works in Taiwan have started at the landfall site in Miaoli County and Taichung port. These works are executed in close cooperation with the local supply chain. Offshore installation…
8 June 2020
Lamprell appointed for Seagreen wind farm foundations
Lamprell is pleased to announce that it has received a Letter of Award (LOA) from Seaway 7, the Renewables business unit of Subsea 7, the lead engineering, procurement, construction and installation contractor on the Seagreen offshore wind farm, for the provision of Wind Turbine Generator (WTG) Substructures for the project.…
8 June 2020
PGS ASA: Implementing Further Cost Measures
PGS implements further cost reductions to bring annual gross cash cost run-rate to approximately $400 million through staff reductions, re-organization, consolidation of offices, re-negotiation of service agreements and other cost measures.PGS has earlier announced stacking of three out of the eight 3D vessels operated at the start of the year, and…
8 June 2020
BW Offshore: Extension agreement for Cidade de São Vicente
Extension agreement for Cidade de São Vicente BW Offshore has received a notice from Petrobras extending the lease and operation agreement of BW Cidade de São Vicente with 120 days. With this the contract will expire on 9 October 2020. BW Offshore has commenced planning for demobilisation of the unit…
8 June 2020
Aker Energy on course to finding a solution for Pecan field development
Aker Energy Ghana Limited (“Aker Energy”) reaffirms its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana. “In a time when most other E&P companies are putting development projects on the shelf due to the COVID-19 situation and…
8 June 2020
Offshore wind expenditure set to match upstream oil and gas in Europe in 2021, surpass it in 2022
The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022. In light of the postponement of multiple final investment decisions (FIDs) on projects and lower…