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8 June 2020
Eni launches a new business structure to be a leader in the energy transition
The Company is creating two new business groups: Natural Resources, to develop the upstream oil & gas portfolio sustainably, promoting energy efficiency and carbon capture. Energy Evolution, dedicated to supporting the evolution of the company’s power generation, product transformation and marketing from fossil to bio, blue and green. The two…
8 June 2020
Energean Karish Update: Work recommences on FPSO, subsea installation progressing as planned
Energean plc (LSE: ENOG, TASE: אנאג ,(the gas producer focused on the Mediterranean, is pleased to announce that work recommenced on the Energean Power FPSO in the Admiralty Yard, Singapore, on 2 June 2020 and the subsea installation campaign offshore Israel is progressing as planned. Energean Power FPSO On 2…
5 June 2020
Wood commits to 40% reduction in carbon emissions by 2030
Wood, the global engineering and consultancy company, today announces its pledge to set a science-based target to reduce its scope 1 and 2 greenhouse gas emissions by 40% by 2030. This absolute reduction target is set using 2019 figures as a baseline1. The company will formally submit its targets to…
5 June 2020
Archer has been awarded the Fishing, Milling & Wellbore Cleaning services for Repsol Norge on the Gyda Platform
Archer is proud to announce that we have been awarded the Fishing, Milling & Wellbore Cleaning services for Repsol Norge on the Gyda Platform when the operations starts in January 2021. This makes Archer the sole provider of all downhole services on the Gyda P&A Campaign with a scope of…
5 June 2020
First Contract For Subsea Innovation From Kongsberg
Kongsberg Maritime has signed its first contract for a state-of-the-art ROV launch & recovery system (LARS), specifically designed to handle remotely operated vehicles (ROVs) from unmanned vessels. The contract has been signed with Ocean Infinity, who will install the system on their Armada fleet of cutting-edge robotic ships. KONGSBERG’s LARS…
5 June 2020
Fugro Supports Ørsted's Sunsire Wind Offshore Wind Farm In The US
Fugro has mobilised two vessels off the coast of New York to perform a large-scale site characterisation programme for Sunrise Wind, the offshore wind project from Ørsted, the world’s leading offshore wind developer and a global leader in climate action, and Eversource, New England’s largest energy company. The 4-month operation…
5 June 2020
Can machine learning help highlight missed pay?
The Norwegian Petroleum Directorate has since 2018 contributed to a machine learning project with the Oil and Gas Authority (OGA) in the UK. The project, coordinated by the Oil and Gas Technology Centre (OGTC) in Aberdeen, has explored how the use of sophisticated digital analytic methods applied to several thousand…
5 June 2020
Weatherford Introduces Velox™ Wellhead System
Weatherford International plc (OTC Pink: WFTLF) today announced the Velox™ wellhead system, a best-in-industry solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency. Velox delivers unmatched isolation between casing strings with quick-connect components that maintain pressure control, reduce potential leak paths, and minimize non-productive…
5 June 2020
OCTIO Gravitude awarded gravimetry survey for the Ormen Lange field
OCTIO Gravitude awarded gravimetry survey for the Ormen Lange field OCTIO Gravitude will survey the Ormen Lange field during summer 2020. Ormen Lange is the second-largest gas field in Norway and has been in production since 2007. The operation is expected to last for four weeks and will produce measurements…
5 June 2020
EIOF – Contract award and amendment
Eidesvik Offshore ASA (“Eidesvik”) has been awarded a 4 month extension to the current time charter party for the platform supply vessel MV Viking Lady with Aker BP. The extension is for the period from primo September 2020 to ultimo December 2020 in direct continuation of the current time charter…
5 June 2020
Proposed revised terms for the BP acquisitions and agreements with creditor
Highlights Amended terms for the acquisition of the Andrew Area and Shearwater assets (together, the “BP Acquisitions”) agreed in principle Cash payable at completion reduced to $210 million Estimated revised abandonment obligations reduced to c.$240 million (pre-tax) from c.$600 million (pre-tax) Principal terms being discussed with a subset of Premier’s…
4 June 2020
Petrofac appointed for Seagreen wind farm substations
Following the commencement of early works and completion of final investment decision, Petrofac has today confirmed a contract with Seagreen Wind Energy Ltd to design, supply and install the High Voltage Alternating Current (HVAC) onshore and offshore substations for the Seagreen offshore wind farm project. The wind farm, being developed…
4 June 2020
Total enters into a giant offshore wind farm project in Scottish North Sea
Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of 70m£ and earn-outs up to 60m£ in aggregate subject to performance conditions. The 1,140 megawatts (MW) project has reached simultaneously a…
4 June 2020
Subsea 7 awarded renewables contract offshore Scotland
Subsea 7 announced the award of a major(1) contract by SSE Renewables for the engineering, procurement, construction and installation (EPCI) of the foundations and inter array cables for the Seagreen Offshore Wind Farm project, 27km offshore Scotland. The Seagreen development will be a 1,075MW offshore wind farm, comprising 114 wind…
4 June 2020
COSL Drilling Europe, Signs Master Framework Agreement With Equinor
COSL Drilling Europe AS (CDE) signs Master Framework Agreement with Equinor on the Norwegian Continental Shelf, that fully enables COSL to provide additional drilling units and services to Equinor. The agreement will strengthen the corporation between the companies and to facilitate long-term collaboration at all levels. The parties will commit…
4 June 2020
New Zealand Oil & Gas Strategic Review
Following the conclusion of the Scheme of Arrangement, the New Zealand Oil Gas Board undertook a strategic review of the future direction of the company. Beginning in early 2020, board members conducted a series of meetings, in person and over the phone, with certain of New Zealand Oil Gas largest…
4 June 2020
Gazprom and RusGazDobycha reach final investment decision on Semakovskoye field
Gazprom and RusGazDobycha reached a final investment decision on the project for the development of the Semakovskoye gas field in the Yamal-Nenets Autonomous Area. The field, which is located in the waters of Taz Bay and partly on land in the Taz Peninsula, is classified as large: its recoverable gas…
4 June 2020
Cluff Natural Resources Plc (‘Cluff’ or ‘the Company’) AGM Statement, and Operational and Corporate Update
Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea gas basin, is pleased to provide an operational and corporate update in relation to its portfolio of UK exploration licences ahead of its…
4 June 2020
UK Oil & Gas PLC ("UKOG" or the "Company") Convertible loan fully repaid, further opex reductions and new HH-1 intervention via £4.2m placing
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it plans to carry out the following material actions designed to further strengthen the Company's overall financial and oil production performance during the current low oil price environment: 1. Full repayment of the convertible loan with Riverfort…
3 June 2020
WFS Technologies and Subsea Energy Solutions join forces
WFS Technologies (WFS) has joined forces with Subsea Energy Solutions (SES) to harness their combined global expertise and market-leading range of live condition monitored cable protection systems for the offshore energy industry. The collaboration will see WFS utilise its smart wireless Seatooth® technologies, which provide real-time insight in extreme environments,…
3 June 2020
Consortium of Boskalis Bouygues and Saipem selected for Fecamp offshore wind farm foundations
Royal Boskalis Westminster N.V. (Boskalis) in consortium with Bouygues Travaux Publics (Bouygues) and Saipem has been awarded the design work, construction and installation scope for 71 concrete Gravity-Based Structures (GBS) as foundation for the Fécamp offshore wind farm in Normandy, France. The award was made by Eoliennes Offshore des Hautes…
3 June 2020
New building order world’s first shallow draft ice-breaking walk to work vessel
After A Tender Procedure, Shipyard Royal Niestern Sander, Wagenborg Offshore And a Joint-Venture Between Mercury Sakhalin And Pola Have Signed An Agreement For The Construction Of The World's First Shallow Draft Ice-Breaking Walk To Work Vessel. After Delivery In December 2021, Mercury Sakhalin Will Operate This Vessel On The East…
3 June 2020
Hybrid AUV Completes Depth of Burial Survey At Gwynt-y-Mor Offshore Wind Farm
Modus Seabed Intervention Ltd, a North East UK based subsea service provider, has recently completed a high speed bathymetric and depth of burial survey of the inter array cable routes on the Innogy operated Gwynt-y-Môr offshore wind farm, utilising the Modus HAUV-2 (Hybrid Autonomous Underwater Vehicle) . The Gwynt-y-Môr Offshore…
3 June 2020
Bluware Signs New Agreement with BP to Support Innovative Deep Learning Workflow in Subsurface Data Interpretation
Bluware Corp, the digital innovation platform that enables the oil and gas industry to accelerate digital transformation initiatives using deep learning, is pleased to announce a new agreement with BP (NYSE: BP). Bluware’s technology will help BP to improve quality and speed when delivering seismic interpretation products. “BP recognizes the…
3 June 2020
Siemens to supply equipment for large-scale gas field development offshore Malaysia
Industrial gas turbines will power 900-MMCFD offshore Central Processing Platform (CPP) for PETRONAS Carigali Sdn Bhd Centrifugal compressor trains will export sales gas to the riser platform nearshore Siemens Gas and Power was recently awarded a contract to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas…
3 June 2020
Proserv wins subsea controls award for greenfield development
Controls technology company Proserv has been commissioned by Independent Oil and Gas plc (“IOG”) to provide a complete subsea controls system for IOG’s Core Project Phase 1 development in the UK Southern North Sea. Proserv will be responsible for the engineering, construction and installation of a complete subsea control system…
3 June 2020
Collaborative working to deliver new survey on oil and gas digitalisation
A key piece of research is launched today by OGUK, the leading representative body for the UK offshore oil and gas industry together with the Technology Leadership Board (TLB), the Oil and Gas Technology Centre (OGTC), and Opportunity North East (ONE) to assess the pace and extent of digitalisation across…
3 June 2020
Empyrean Energy plc 12-month extension for first phase exploraon drilling at Block 29/11, China
Empyrean Energy ("Empyrean" or the "Company"), the oil and gas exploration and development company with interests in China, Indonesia and the United States, provides the following update on its Block 29/11, offshore China. Highlights · 12-month extension to the first phase of exploration on Block 29/11 · The Company now…
2 June 2020
Delay to the decision on planning consent for Norfolk Vanguard
This decision is now expected to be announced on 1st July 2020. Commenting on the delay to the decision on planning consent for the Norfolk Vanguard offshore wind farm, Danielle Lane, UK Country Manager for Vattenfall, said: "Norfolk Vanguard is one of the most innovative and ambitious offshore wind projects…
2 June 2020
IMCA Launches Unit Two of Diving CPD App
The International Marine Contractors Association (IMCA) has launched a new unit of its App-based continuing professional development (CPD) scheme for Diving Supervisors. The App incorporates the latest in training techniques to support Diving Supervisors in keeping up to date with current information and guidelines from IMCA. The scheme went live…
2 June 2020
Nigeria launches marginal field round
Nigeria has launched it's latest marginal field bid round, with the Department of Petroleum Resources (DPR) saying 57 fields are available which are located on land, swamp and shallow offshore terrain.
2 June 2020
SDRL – Seadrill Limited Intention to Delist from the New York Stock Exchange (NYSE)
Seadrill Limited ("Seadrill" or the "Company") today announces its intention to delist from the New York Stock Exchange (NYSE). On March 26, 2020, Seadrill received written notice from the NYSE that it was not in compliance with the NYSE continued listing standard with respect to the minimum average share price…
2 June 2020
Forging ahead in France: Siemens Gamesa receives firm order for 497 MW Fécamp offshore wind power plant
Consortium led by GTM Normandie-Centre, a VINCI Construction France subsidiary, selected for construction of new Siemens Gamesa manufacturing plant; start of production planned between the end of 2021 and early 2022 Firm order from EDF Renewables, Enbridge and wpd, includes 15-year maintenance agreement Offshore wind nacelles and blades for both…
2 June 2020
EDF Renewables, Enbridge and wpd start construction of the Fécamp Offshore Wind Farm
EDF Renewables, a subsidiary of the EDF Group, Enbridge Inc. (TSX:ENB) (NYSE:ENB), a leading energy infrastructure company in North America, and wpd, a European renewable energy company, announced today the launch of the Fécamp offshore wind farm following the finalisation of financing agreements between the consortium and its financial partners…
2 June 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 and lastly in the Q1 2020 report published on 26 May 2020. The company has gained support to an extension to the previously reported forbearance arrangement with a majority of its…
2 June 2020
OGA moves forward with mediation pilot for resolving UKCS licence disputes
The Oil and Gas Authority (OGA) has reaffirmed that its year-long ‘UKCS Mediation Pilot’ will continue from 1 June 2020. The pilot aims to test the extent to which mediation can resolve certain disputes between oil and gas licensees, operators and infrastructure owners in the UK Continental Shelf.More
2 June 2020
Lime Petroleum As In 15 percent Farm-in To Two Licences in The Norwegian Sea - Completed
Unless otherwise defined, capitalised terms in this announcement shall have the same meaning given to them on the Company’s press release dated 25 March 2020 (the “Press Release”), in relation to the Company’s 90% subsidiary Lime Petroleum AS’s (“LPA”) acquisition of 15% interests in each of the licences PL937 and…
1 June 2020
OKEA ASA - Financial and operational update
OKEA ASA (“OKEA” or the “Company”) hereby provides a financial and operational update. In an effort to contribute to a faster stabilization of the oil and gas industry following the demand disruptions caused by COVID-19, the Norwegian Government announced in April its decision to implement production restriction measures for oil…
1 June 2020
A beacon in today’s market; Optime’s innovative technology contracted by Aker BP
A beacon in today’s market; Optime’s innovative technology contracted by Aker BP After years of developing a technology that removes umbilical controlled tubing hanger operations, Optime Subsea have reached the point where they are ready to bring their system into operation. Aker BP will be the first user of a…
1 June 2020
Predator Oil & Gas Holdings Plc ("Predator" or the "Company" and together with its subsidiaries "the Group") Predator LNG Ireland Limited New business development opportunity
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco, and Ireland, announces its intention to proceed to apply for a liquefied natural gas ("LNG") import licence for Ireland following the execution of confidentiality agreements with a global supplier of LNG and…
1 June 2020
DEME adds windfarm expertise to Neptune’s PosHYdon hydrogen pilot
Neptune Energy today announced DEME Offshore, a leader in offshore wind energy and green hydrogen production, will bring its expertise to the PosHYdon pilot, the world’s first offshore green hydrogen project. Part of the Belgian DEME Group, the company joins as a partner and will provide the hydrogen unit for…
1 June 2020
Solitaire up and running offshore Israel
Solitaire is up and running with pipelay on the Karish project offshore Israel after a successful 2.5-km pull-in at Dor (alongside the Allseas-installed Leviathan pipelines). Over the next few weeks, she will lay 90 km of export gas pipeline in water depths up to 1750 m, ending with a 100-tonne…
1 June 2020
Neptune – consent for use of Deepsea Yantai at Gjøa
Petroleum Safety Authority Norway have given Neptune Energy Norge AS (Neptune) consent to use the Deepsea Yantai mobile drilling facility for production drilling on the Gjøa field.
1 June 2020
Independent Oil and Gas plc Award of Phase 1 Well Management Contract to Petrofac
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 Core Project Phase 1 well management…
1 June 2020
Despite Covid-19, ONGC successfully moves 33 drilling rigs in pre-monsoon rush
Despite severe constraints caused by the Covid-19 lockdown in India, Oil and Natural Gas Corporation Limited (ONGC) has safely and successfully moved a total of 33 offshore jack-up rigs to new drilling locations ahead of the adverse weather conditions associated with the Indian monsoon season. “Moving so many rigs to…
29 May 2020
Drydocks World begins second project for the Hollandse Kust Zuid Windfarm
Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors held a steel-cutting ceremony to commence production on a High Voltage Alternating Current (HVAC) Transformer Station Topside, named Hollandse Kust Zuid (HKZ) Beta. This is the third Topside that Drydocks World will be constructing for…
29 May 2020
Bourbon Subsea Services collaborates in the installation of the third floating wind turbine for the Windfloat Atlantic project
Following the supply and installation of the mooring lines, Bourbon Subsea Services towed and connected the third 8.4 MW floating wind turbine of the Windfloat Atlantic project, located 20 km from Viana do Castelo on the Portuguese coast. With a total capacity of 25MW, these are the most powerful floating…
29 May 2020
Nexans wins major subsea HVDC cable contract from Greece's Ariadne Interconnection S.P.S.A
The new interconnection will enable Crete's renewable energy transition by providing a one gigawatt (GW) link between the island Crete and Greece's mainland network. Nexans will design, manufacture and lay 335 kilometers of subsea HVDC cable at water depths down to 1,200 meters. Contract value exceeds €220m and is part…
29 May 2020
Gulf Marine Services PLC Supply Chain & Logistics Framework Agreement signed with Zakher Marine International to Target Operating Costs
Gulf Marine Services PLC ("GMS" or the "Company") announces that it has entered into a Framework Agreement (the "Agreement") with Zakher Marine International ("ZMI"), a leading privately-owned operator of self-propelled SESVs in the Middle East. We have agreed to identify mutually beneficial cost-saving opportunities and improve our operational availability for…
29 May 2020
Petrofac secures Iraq contract extension with Basra Oil Company
Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP). The confirmation of the contract extension is recognition of Petrofac’s successful seven-and-a-half-year track record of safe and efficient delivery and ability…