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5 May 2020
Swan Hunter provides Project Management, Design Engineering, and Mobilisation Support for Cable Transportation and Storage Barge
Swan Hunter have successfully delivered a full project management, design engineering, and mobilisation support package for client Oceanteam Solutions, for a versatile cable storage and transport barge. Swan Hunter’s in-house engineering team designed a fully flexible deck layout allowing project cables to be loaded/off-loaded using four different cable highway routes,…
5 May 2020
Public consultation opens on 2020 offshore petroleum acreage
Public consultation has opened on potential areas for the 2020 offshore petroleum exploration acreage release. Minister for Resources, Water and Northern Australia Keith Pitt said 49 areas have been nominated by the oil and gas industry offshore from Western Australia, Northern Territory, Victoria and the Territory of the Ashmore and…
5 May 2020
Public consultation opens on 2020 offshore petroleum acreage
Public consultation has opened on potential areas for the 2020 offshore petroleum exploration acreage release. Minister for Resources, Water and Northern Australia Keith Pitt said 49 areas have been nominated by the oil and gas industry offshore from Western Australia, Northern Territory, Victoria and the Territory of the Ashmore and…
5 May 2020
BOEM Approves Cook Inlet Geohazards Survey Sub title Hilcorp Alaska LLC will begin geohazard site clearance study in late summer
The Bureau of Ocean Energy Management today issued a permit to Hilcorp Alaska LLC to conduct a geohazards survey in the federal waters of Cook Inlet, off the coast of Southcentral Alaska. The area to be surveyed is in lower Cook Inlet, west to southwest of Kachemak Bay. In June…
5 May 2020
Operational Update For WilPhoenix Oslo Stock Exchange : AWDR
With reference to the press release of 9 March 2020, Awilco Drilling PLC and Petrofac Facilities Management Limited (Petrofac) have agreed to delay the commencement of the Plug & Abandonment program on Rubie and Renee until 25th May 2020 and that WilPhoenix will be on Standby Rate for the period…
5 May 2020
Axxis Geo Solutions awarded contract with Equinor in the North Sea
Following the announcement on 20 February 2020, Axxis Geo Solutions ASA (OSE: AGS) is now pleased to report that the final agreement for the seismic node acquisition has been signed. The survey is expected to commence later in the second quarter of 2020 and will have a duration of approximately…
5 May 2020
Far Limited Q1 Report
Sangomar Field Development approved by the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture and entered execute phase of activities Grant of Exploitation Authorisation by the Government of Senegal for the Sangomar Field Development on 8 January 2020 Purchase contract for the floating production storage and offloading facility…
5 May 2020
Mexico Drilling Update
Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Cairn has a 30% working interest through wholly owned subsidiary Capricorn Energy Mexico. The exploration target of the well was to prove hydrocarbons in the Lower Miocene.…
5 May 2020
Mexico Drilling Update
Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Cairn has a 30% working interest through wholly owned subsidiary Capricorn Energy Mexico. The exploration target of the well was to prove hydrocarbons in the Lower Miocene.…
5 May 2020
Wintershall Dea announces two significant oil discoveries offshore Mexico
License partnership of Block 29 makes two significant oil discoveries in the Polok and Chinwol prospects Polok discovery opens a new play within Mexico’s Salina Basin Wintershall Dea and its license partners have made significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico. Polok…
5 May 2020
Repsol makes two significant deepwater oil discoveries in Mexican waters
Repsol is the first company to announce a discovery from a block acquired in Mexico’s deep water Round 2.4. The two consecutive oil discoveries, in the deepwater Polok-1 and Chinwol-1 exploration wells in the Salina Basin, come less than two years after Block 29 was formally awarded by the Comisión…
4 May 2020
Platypus sanction under review
Recent global event project update: The Concept has been approved for a tie-back to Cleeton Platform with onwards export to Dimlington. Tenders for Rig, XTree, Subsea Pipeline & Facilities EPCI, Umbilical Supply and Controls Supply have been received and are being assessed. Platypus Sanction was expected in Q2 2020 which…
4 May 2020
BP Clair South on hold
BP's Clair South project will be put on hold from June 2020 when they receive response to a market testing exercise. A small team will continue to work on the plans to harness power from shore, with a view to progressing this project in 2022
4 May 2020
Saipem: awarded contract for Baltic Pipe Project worth approximately 280 million euro
Saipem has been awarded a contract by GAZ-SYSTEM S.A. for the transportation and installation of a natural gas pipeline between Denmark and Poland in the Baltic Sea. The contract, signed by its controlled subsidiary in U.K. Saipem Ltd, is worth approximately 280 million euro. The Baltic Pipe Project is a…
4 May 2020
Extension of Standstill Agreement With Solstad Offshore For The Vessels Far Senator And Far Statesman
With reference to Ocean Yield ASA’s (“Ocean Yield”) press release on 31 March 2020, subsidiaries of Ocean Yield have agreed to extend the standstill period with certain subsidiaries of Solstad Offshore ASA for the vessels Far Senator and Far Statesman up to and including 8 May 2020.
4 May 2020
Extension of Standstill Agreement And Restructuring Outline With Solstad Offshore For The Vessels Far Senator And Far Statesman
With reference to Ocean Yield ASA’s (“Ocean Yield”) press releases on 20 December 2018, 20 June 2019 and 31 October 2019, F-Shiplease AS, a fully owned subsidiary of Ocean Yield, has on the 31st March 2020 agreed to extend the standstill period with Solstad Offshore ASA (“SOFF”) and its subsidiaries…
4 May 2020
Solstad Offshore Medium-term contracts for multiple vessels
Solstad Offshore ASA has entered into medium-term contracts for six of its vessels for a period of 80 to 170 days each with undisclosed Clients. Commencement will be around 1st July and the operation are outside the North Sea. The nominated vessels are the PSVs Normand Supra, Normand Surfer, Normand…
4 May 2020
BW Energy: Operational Update
BW Energy Limited today provides an update on operation and development of the operated Dussafu Marin license in Gabon and impact from the COVID-19 pandemic. Production activities in Gabon remain uninterrupted as BW Energy complies with public health regulations at all its locations to protect the health of employees and…
4 May 2020
Gulf Marine Services PLC Rejection of Proposal from Seafox International Limited ("Seafox")
Following Seafox's announcement on 30 April 2020 of its unsolicited and non-binding approach to acquire the entire issued and to be issued share capital of Gulf Marine Services PLC ("GMS" or the "Company") (the "Seafox Proposal"), the Board has consulted widely with GMS's stakeholders and reviewed the Seafox Proposal with…
4 May 2020
Measures for the oil and gas industry and the supplier industry
Proposed is a comprehensive package of measures to maintain activity in the oil and gas industry and the supplier industry. We propose targeted, temporary changes to the tax system so that planned projects can be realized. In addition, we propose a green transition package, says Prime Minister Erna Solberg. The measures…
1 May 2020
Independent Oil and Gas plc Project & Corporate Update: FDP Approval
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 announce that the UK Oil & Gas Authority ("OGA") has approved the Core Project Phase 1 Field Development Plan ("FDP"). The Company also…
1 May 2020
Maersk Intrepid to drill for Martin Linge
The hybrid jack-up rig Maersk Intrepid has been awarded a contract for the drilling of three wells and plugging of one on the Martin Linge field. Maersk Drilling will also get a framework contract with Equinor. The value of the contract is estimated at some USD 100 million, including rig…
1 May 2020
PGS Completes 3D Survey Offshore PNG and Releases First Data
The acquisition phase of the PGS Painimaut 3D MultiClient program, gathering over 6 100 sq. km of seismic data in Papua New Guinea, is now complete. Fast-track 3D GeoStreamer data is now available. The Painimaut program targets a number of play types in the under-explored Papuan Basin in both held…
1 May 2020
Kris Energy Loan Agreement
The board of directors (the “Board” or “Directors”) of KrisEnergy Ltd. (the “Company” and together with its subsidiaries, the “Group”) would like to announce that KrisEnergy (Apsara) Company Ltd and KrisEnergy (Cambodia) Ltd (the “Borrowers”), both wholly-owned indirect subsidiaries of the Group, have on 30 April 2020 entered into a…
1 May 2020
Axxis Geo Solutions completes OBN survey in the Middle East
Axxis Geo Solutions ASA (OSE: AGS) is pleased to announce the completion of both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea…
1 May 2020
Rockhopper Exploration plc ("Rockhopper" or the "Company") Sea Lion farm-in update
Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to provide the following update in relation to the previously announced Heads of Terms with Navitas Petroleum LP ("Navitas") to farm into the Sea Lion project. On…
1 May 2020
Cutting oil production
The Norwegian authorities’ decision to cut oil production starting in June is being made in an effort to contribute toward more rapid stabilisation of the oil market than the market mechanism alone could ensure. A more rapid stabilisation of the oil market will be important out of consideration for sound…
1 May 2020
Global oil glut set to halve in May and shrink to just 6 million bpd in June, but storage can’t breathe
Some good news: The global imbalance between oil supply and demand, which has built to 26.4 million barrels per day (bpd) in April due to the Covid-19 pandemic, is set to halve to 13.6 million bpd in May and fall further to just 6.1 million bpd, according to a Rystad…
30 April 2020
A Trillion Dollars! This Is By How Much Global E&P Revenues Will Fall in 2020 Due To Covid-19
The devastating effect of the Covid-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the industry’s expected total annual revenues for 2020. A Rystad Energy analysis shows that global E&P revenues are now forecasted to fall by about $1 trillion in…
30 April 2020
Vattenfall : First quarter 2020: stable result despite deterioration
Vattenfall's interim report shows stable earnings despite a clear impact from a markedly deteriorating market situation. Vattenfall's CEO Magnus Hall comments on the report as follows: “Vattenfall has had good preparedness to meet the pandemic that we are currently experiencing. As an operator of societally critical infrastructure, we have an…
30 April 2020
Turbine Installation Complete On East Anglia One Offshore Windfarm
ScottishPower Renewables and Macquarie’s Green Investment Group (GIG) have successfully installed every single turbine on the East Anglia ONE offshore windfarm – another major milestone for the project as it approaches completion. Beginning in June 2019, a total of 102 Siemens Gamesa SWT-7.0-154 offshore wind turbines have been installed at…
30 April 2020
MMT and Equinor to Perform Innovative Surveys in the US
Equinor Wind US, a leading offshore wind business in the US, has awarded a contract for geophysical survey services to MMT US Inc, a subsidiary of MMT Group AB, a leading contractor of marine survey services, asset integrity and construction support. The contract covers high resolution geophysical, benthic surveys and…
30 April 2020
Golden Energy Offshore Services AS – fleet utilisation update
Golden Energy Offshore Services AS (GEOS-ME) has, as most owners of vessels servicing in the oil and gas industry, experienced severe reduction in vessel demand. GEOS-ME has therefore elected to place the vessels Energy Duchess, Energy Empress and Energy Scout in temporary lay-up, whilst continue chasing possible future contracts. The…
30 April 2020
Wood secures partnership agreement with Sasol South Africa
Wood, the global engineering and consultancy company, has been appointed as an engineering partner in a five-year partnership framework agreement with Sasol South Africa (Pty) Ltd (Sasol). The agreement is to support Sasol’s portfolio of assets across South Africa. Wood will provide integrated services to Sasol from feasibility studies and…
30 April 2020
Fugro Maps Arctic Ocean For Norway's Mareano Seabed Mapping Programme
The Norwegian Hydrographic Service has awarded Fugro another hydrographic survey contract as part of the MAREANO seabed mapping programme, financed by Norway’s Ministry of Trade, Industry and Fisheries, and the Ministry of Environment. Fugro has already completed 10 surveys for the programme since 2006 and acquired over 140 000 km2…
30 April 2020
CNOOC Limited Announces Key Operational Statistics for Q1 2020
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 million barrels of oil equivalent (“BOE”) for the first quarter of 2020, representing an increase of 9.5% year-over-year (“YoY”).…
30 April 2020
Dry well near the Oseberg field in the North Sea – 30/6-31 S
Equinor Energy AS, operator of production licence 053, has concluded the drilling of wildcat well 30/6-31 S. The well was drilled about 7 kilometres southeast of the Oseberg C platform in the northern North Sea and 140 kilometres west of Bergen. The objective of the well was to prove petroleum…
30 April 2020
Spirit Energy – consent for exploration drilling in the Barents Sea
The Petroleum Safety Authority Norway have given Spirit Energy consent for exploration drilling for 54 days in block 7321/8 in the Barents Sea.
29 April 2020
Ørsted submits bid for Holland Coast North Offshore Wind Farm
Martin Neubert, Executive Vice President and CEO of Ørsted Offshore, says: "The Netherlands has ambitious climate targets for both the energy and industrial sectors and is an important market to us. We deliver a strong bid with a high degree of risk mitigation. We commend the Dutch government for holding…
29 April 2020
Borssele 1 & 2 generates first power
Offshore wind farm Borssele 1 & 2 has delivered first power to the Dutch grid. The first wind turbine is now supplying electricity. Flemming Thomsen, Senior Programme Director, Borssele 1 & 2, says: "This is a big milestone for Borssele 1 & 2. Ørsted is doing its utmost to allow…
29 April 2020
Port of Blyth Commence Major £3m Terminal Redevelopment
Port of Blyth has begun major redevelopment construction works at one of its terminals as the Port continues to attract customers across a range of sectors. The £3m project, which was funded and programmed prior to COVID-19, will see the reconstruction and strengthening of the quay on the Bates Terminal…
29 April 2020
Aleron Subsea Partners with Olis Robotics to Deliver Machine Learning and Teleoperation Solutions to ROVs
Olis Robotics, a leader in next generation robotic autonomy solutions announced a new agreement with the Aleron Subsea, a part of the Aleron Group, a leader in ROV System design and build for sale and rental. Aleron will lead sales, distribution and support of Olis Robotics machine-learning ROV manipulator controllers.The…
29 April 2020
Empyrean Energy plc Company Update
Empyrean Energy ("Empyrean" or the "Company"), the oil and gas development company with interests in China, Indonesia and the United States, provides the following general update on operations. Duyung PSC, Indonesia Further to the announcement on 14 April 2020 regarding the upgrade of internal resource estimates for the Mako gas…
29 April 2020
Neptune Energy begins Fenja drilling campaign
Neptune Energy today announced the drilling campaign on the Fenja field is now underway, following the spud of the first well. Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe. Fenja will deliver around 40 kboepd at plateau. Neptune’s Director…
29 April 2020
Neptune Energy announces Eneco as latest partner on hydrogen pilot
Neptune Energy today announced Eneco, a leader in the field of sustainable energy, has joined as a partner on the PosHYdon pilot, the world’s first offshore green hydrogen project. Eneco will supply simulated wind data from its offshore wind farm, Luchterduinen, to support the project which aims to integrate three…
29 April 2020
Floatel International: Charter with Equinor extended
Equinor and Floatel International have agreed to extend the firm period for Floatel Endurance at Martin Linge to end January 2021. Equinor have the option to extend the charter further.
29 April 2020
Polarcus Awarded XArray™ Project In Asia Pacific
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that an award has been received for an XArray™ marine seismic acquisition project in Asia Pacific, that is expected to commence in June 2020 with a duration of approximately 1 month.
29 April 2020
Corallian and JV partners sign a work sharing agreement for licence P2478, Inner Moray Firth
Corallian is pleased to announce that, together with Joint Venture partners, Upland Resources and Baron Oil, it has signed a Work Sharing and Confidentiality Agreement with a large European E&P Company (“Interested Party”) for licence P2478 in the Inner Moray Firth. Under the terms of the agreement Corallian and JV…
28 April 2020
Fugro Iovtec Takes Off For Taiwan's Offshore Wind Market
Fugro has established Fugro IOVTEC Co. Ltd (Fugro IOVTEC), a Taiwanese entity to support ongoing business expansion in the emerging offshore wind farm market in Taiwan. Fugro has been actively supporting the renewables market in Taiwan since 2016 under a Memorandum of Understanding (MOU) with IOVTEC. The creation of Fugro…
28 April 2020
Parkwind and Bladt sign a contract for the construction of the Arcadis Ost 1 substation
Parkwind and Bladt have signed an agreement for the design, fabrication, and installation of the Arcadis Ost 1 substation in the German Baltic Sea. The platform is jointly developed and will be jointly operated with 50Hertz, the responsible Transmission System Operator (TSO) for connecting the offshore wind farms in the…