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28 April 2020
Edda Wind secures long term contracts for two offshore wind vessels
Edda Wind, the offshore wind segment of the Østensjø Group, has signed long term time charter agreements with MHI Vestas and Ocean Breeze Energy respectively for two of the four offshore wind vessels ordered from Spanish yards. The vessels will be delivered with technology whereby emission of greenhouse gases will…
28 April 2020
ADNOC and ADPower Launch Joint Tender for First-of-its-Kind Sub-Sea Power Transmission Network in Middle East
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) announced, today, the issuance of a joint tender for a first-of-its-kind project in the Middle East & North Africa (MENA) region. The joint tender sets out to develop and operate the region’s first high-voltage, direct current (HVDC)…
28 April 2020
BW Offshore : Extension agreement for Cidade de São Vicente
BW Offshore has received a notice from Petrobras that they exercise their right to extend the lease and operation agreement of BW Cidade de São Vicente with 48 days. With this the contract will expire on 11 June 2020. BW Offshore has commenced planning for demobilisation of the unit from…
28 April 2020
UK Oil & Gas PLC ("UKOG" or the "Company") Material operating cost reductions plus £1.275m funding positions UKOG for post Covid-19 growth
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, in response to the Covid-19 induced low oil price environment, it has successfully implemented material cost savings at all levels across its organisation. These savings enable Horse Hill oil production to remain profitable at asset level at…
28 April 2020
Dolphin Drilling secures North Sea deal with Wellesley Petroleum AS
Global contractor Dolphin Drilling has announced it has secured a one well plus one optional well with Wellesley Petroleum AS for a programme of drilling work on the Norwegian Continental Shelf. Bjørnar Iversen, chief executive of Dolphin Drilling, said: “This agreement further strengthens our operational backlog in Norway and builds…
28 April 2020
Dolphin Drilling secures Multi Well program with I3 Energy plc
Dolphin Drilling has entered into a drilling contract with I3 for a program covering 2 wells plus sidetracks on the Serenity prospect for either the Borgland Dolphin or Blackford Dolphin. The program is due to commence not later than 1st September 2020 or as otherwise agreed between the parties and…
27 April 2020
Perenco Amethyst Field Installations Topside Decommissioning Programme
Perenco UK Ltd has submitted, for the consideration of the Secretary of State for Business, Energy and Industrial Strategy, a draft Topsides Decommissioning Programme for the Amethyst field platforms, in accordance with the provisions of the Petroleum Act 1998. It is a requirement of the Act that interested parties be consulted…
27 April 2020
EIOF – Amendment of contract for Subsea Viking
Eidesvik Offshore ASA and Seabed Geosolutions have agreed to amend the contract as notified to the Oslo Stock Exchange February 19, 2020, with a stand-by period for the vessel, pending commencement of operations as planned for under the original contract. The new agreed stand-by period commenced March 27, 2020, and…
27 April 2020
Stinger : Equnor Contract
We are pleased to announce that Equinor has awarded Stinger a service contract to execute inspection activities on multiple offshore installations. Scope of work will cover work in 2020 with options for 5 x 1 year. Stinger will utilize ARROV underwater drones and tools tailored for the harsh conditions in…
27 April 2020
Fugro Wins ROV And Survey Support Contract With Global Marine Group
Fugro has secured a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global Marine Group’s (GMG’s) newly chartered vessel, the Normand Clipper. GMG are in the process of upgrading the Normand Clipper in preparation for projects this summer and both the ROV systems…
27 April 2020
SBM achieves sailaway of final modules for Johan Castberg Turret Mooring System
In line with the client’s plan, SBM Offshore announces the sailaway of the last two modules for the Turret Mooring System, destined for Singapore for integration into the hull of Equinor’s Johan Castberg FPSO. This milestone represents the successful completion of the modules fabrication phase. “We are delighted to have…
27 April 2020
New management plans for the marine areas in Norway
The government today presented management plans for the Norwegian marine areas - the Barents Sea and the marine areas off the Lofoten Sea, the Norwegian Sea, the North Sea and the Skagerrak. Among the measures is to move the border for petroleum activities in the Barents Sea to the south…
27 April 2020
More than 6.5 kilometres of high-quality geology published on FactPages
The Norwegian Petroleum Directorate has recently published high resolution core images of 94 so-called shallow wellbores in the Norwegian Sea and the Barents Sea. These shallow wellbores provide particularly important information about the stratigraphy in the area. “Stratigraphy is to geologists what clauses are to lawyers, what formulas are to…
27 April 2020
Maersk Drilling takes steps to adapt offshore crew pool to the changing market environment
The COVID-19 pandemic and the lower oil price environment are impacting offshore drilling activity. Some tenders and projects are being delayed or cancelled which adversely affects commercial prospects. Maersk Drilling takes steps to adapt offshore crew pool to the changing market environment In light of the current commercial outlook, Maersk…
24 April 2020
DNV GL leads global pilot to secure greater trust in, and value from, oil and gas industry digital twins
Digital twins can significantly enhance efficiency and reduce cost, but oil and gas operators are increasingly demanding proof that they can be trusted and deliver value over time DNV GL is leading research and development into the quality assurance of digital twins In partnership with TechnipFMC, DNV GL has developed…
24 April 2020
innogy sells its offshore installation vessel to Hong Kong based leasing company
innogy’s offshore installation vessel ‘Seabreeze II’ has a new owner: innogy has sold and handed over the installation vessel and related equipment to SPIC Ronghe International Financial Leasing Co. Ltd. A corresponding agreement between innogy and the Hong Kong based company had previously been signed in February. Richard Sandford, Director…
24 April 2020
Pioneering seabed-to-shore data delivery operation completed for A/S Norske Shell offshore Norway
Sonardyne International Ltd. and XOCEAN have successfully completed a pioneering live seabed-to-shore data harvesting mission using an unmanned surface vessel (USV) for A/S Norske Shell, as part of a seabed monitoring campaign at the giant Ormen Lange field offshore Norway. The project, completed early Monday (April 20) morning, without a…
24 April 2020
Ofgem approves 600MW Shetland transmission link
Decision follows SSEN submitting revised proposals for the link Ofgem approval subject to evidence that the Shetland Viking Wind Farm project will go ahead Ofgem is committed to help deliver a net zero economy at the lowest cost to consumers Ofgem has approved a proposal by Scottish and Southern Electricity…
24 April 2020
Floatel International: Charter with Ineos FPS postponed to April 2021
Ineos FPS and Floatel International have agreed to postpone the charter for Floatel Victory at the Unity platform, UK sector, Central North Sea to April 2021.The assignment was originally planned to start in May 2020.
24 April 2020
Petrofac to increase support to Repsol Sinopec Resources UK
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK Ltd, following an enhancement to its existing contract. Under the terms of its current agreement, Petrofac will provide operations and maintenance support across six additional Repsol Sinopec assets. Around 200 individuals supporting the…
24 April 2020
Reach Subsea Contract Awards
Reach Subsea has, together with MMT, been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 450 project days. The projects involve both inspection, survey and construction support work across Europe and the Americas, for major operators in both the oil & gas and renewables sectors.…
24 April 2020
Dry well near the Heidrun field in the Norwegian Sea – 6507/8-10 S
Neptune Energy Norge AS, operator of production licence 889, is in the process of concluding the drilling of wildcat well 6507/8-10 S. The well was drilled about 10 kilometres east of the Heidrun field in the Norwegian Sea and 215 kilometres west of Brønnøysund. The objective of the well was…
23 April 2020
Double SNS Campaign Win for Rever Offshore
Rever Offshore, a leading subsea project delivery and execution provider to the offshore energy industry, has announced a major contract win, based in the Southern North Sea. The £multi-million contract, which was awarded by Perenco UK Ltd as part of the larger Southern Hub Area Redevelopment Project (SHARP), comprises two…
23 April 2020
IMCA Shares Covid-19 Guidance
The International Marine Contractors Association (IMCA) continues to add to its dedicated COVID webpage a variety of information and links to be of use to its membership. The compilation includes COVID-19-related IMCA Safety Flashes and IMCA Information Notes, including those relating to the extension of renewal periods for certain industry…
23 April 2020
DOF ASA and DOF Subsea AS: Result from Bondholders' Meetings and update on tender activities
Result from bondholders' meetings Reference is made to the summons to bondholders' meetings in DOFSUB07 (ISIN NO 001 0670144), DOFSUB08 (ISIN NO 001 078817.7) and DOFSUB09 (ISIN NO 001 083681.0) issued dated 3 April 2020 and the addendum to the summons issued 21 April 2021. The bondholders' meetings were held…
23 April 2020
TechnipFMC Announces First Quarter 2020 Results
Total Company revenue was $3,130.3 million. Net loss was $3,256.1 million, or $7.28 per diluted share. These results included after-tax charges and credits totaling $3,207 million of expense, or $7.17 per diluted share. Adjusted net loss was $49.1 million, or $0.11 per diluted share. Total after-tax charges and credits in…
23 April 2020
MacArtney Puts First All-Electric eLARS into Production
Manufacturing has now begun and the first eLARS system, expected to come out of production in summer 2020, is well underway. In line with customer demands, to meet the green agenda for more eco-friendly products, the all-electric eLARS, developed in collaboration with MacArtney customers, features a number of eco-friendly benefits.…
23 April 2020
CWIND Continues Fleet Expansion To Enable Robust Maintenance of Vital Power Networks
CWind, the offshore support services provider and part of the Global Marine Group, has continued with its fleet development and expansion plans by signing a long-term agreement with Dalby Offshore. The agreement, which will see CWind immediately add four new vessels to its fleet with the option of an additional…
23 April 2020
Total Acquires Tullow Entire Interests In The Uganda Lake Albert Project
Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M…
23 April 2020
Accelerated production start-up from the Ærfugl field
Operator Aker BP and partners report that production has started from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan. “The acceleration of production from Ærfugl Phase 2 means increased value creation for the Ærfugl joint venture, the supplier industry and…
23 April 2020
Triangle Confirms Three Key Opportunities in Perth Basin
Experienced Perth Basin oil producer Triangle Energy (Global) Limited (Triangle / the Company) (ASX:TEG) has completed its Cliff Head Renewal Project (CHRP), identifying three key opportunities that could be drilled and developed from the existing Cliff Head Alpha platform, and two new longer-term development prospects. Triangle has also updated its…
23 April 2020
Subsea 7 awarded contract offshore Netherlands
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project, located between 18-36km off the Dutch coast in the North Sea. The contracted work scope includes the transport and installation of…
22 April 2020
EGCO Group Completed Acquisition of 25% Stake in Taiwan’s Offshore Wind Farm Project
Electricity Generating Public Company Limited or EGCO Group revealed the successful completion of the acquisition transaction of a 25% ownership interest in Yunlin Holding GmbH which owns the 640MW Yunlin offshore wind farm project in Taiwan. Dr. Gumpanart Bumroonggit, Senior Executive Vice President – Strategy & Asset Management and Acting…
22 April 2020
Pharos Energy plc ("Pharos" or the "Company" or, together with its subsidiaries, the "Group") No Intention to Acquire Shell Western Desert Assets
On 6 March 2020, Pharos Energy plc ("Pharos") confirmed that it was in the preliminary stages of evaluating the acquisition, as part of a consortium, of Shell Egypt NV's (an affiliate of Royal Dutch Shell plc) ("Shell") upstream portfolio in the Western Desert in Egypt ("Western Desert Assets"). The Board…
22 April 2020
To ensure strong focus on execution in 2020 and sustain long-term competitiveness, Vestas will optimise its product portfolio
Technological development has driven renewables to become the cheapest energy source in two-thirds of the world, with Vestas continuing to be a fundamental driver of this progress. This development is ongoing, and with the renewables industry evolving rapidly as a result, market needs are constantly shifting. Vestas must adapt its…
22 April 2020
Petrobras starts binding phase on E&P assets
Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 02/03/2020, announces that it has started the binding phase referring to the sale of its entire stake at the Papa-terra field, located in deepwater in the Campos Basin. Qualified parties for this phase will receive a process…
22 April 2020
Pentamaran - BMT launches the next generation hull-form – the ‘Pentamaran’
Leading the way in multi-hull applications, BMT has released details of its next generation ‘Pentamaran’ platform for autonomous applications. Offering a myriad of applications for defence and commercial innovators, these innovative vessels may be custom configured for military, patrol, intelligence surveillance and reconnaissance (ISR), anti-submarine warfare (ASW) and hydrographic survey…
22 April 2020
ROVQUIP DNV Approved Cable Gripper
ROVQUIP are pleased to announce a further expansion of there rental tooling capabilities with the Webtool CRT200T Cable Retrieval Tool. Field proven the CRT200T is a much-needed addition to the market options for cable recovery. Designed with a 20Te lift capability and having the ability to grip between 4” (101mm) and…
22 April 2020
Jadestone Energy Announces Further Capex Reductions, Australia Infill Wells Deferred
Jadestone Energy Inc. (AIM:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, notes the collapse of global crude oil benchmarks, with oil demand significantly impacted by the extended COVID-19 pandemic and the potential for prolonged oversupply. Against this backdrop, the Company…
22 April 2020
Seismic Industry Revenues To Nearly Evaporate In 2020, Falling By 51% At $30 Oil and by 77% at $20
The Covid-19 pandemic and the current low-oil-price environment have pushed global exploration and production operators to cut costs, scrapping all but the most vital of their investment plans. The supply industry that will suffer the most as a result is seismic, as shown by a Rystad Energy analysis, with revenues…
22 April 2020
Lundin - consent for manned underwater operations at Edvard Grieg
Petroleum Safety Authority Norway have given Lundin Norway AS (Lundin) consent to perform manned underwater operations (MUO) on the Edvard Grieg field. Operator: Lundin Norway AS Field: Edvard Grieg Scheduled start-up: Second or third quarter 2020. Duration: 11 days. About the consent: The consent covers work to tie the test…
22 April 2020
Fugro Secures Remote Operations Contract on Well-Safe's Guardian Rig
Fugro has secured an initial 3-year contract with Well-Safe Solutions, a UK-based offshore well decommissioning service provider. Fugro will deliver their integrated marine-based solution onboard the Well-Safe Guardian rig, Well-Safe Solutions’ bespoke semi-submersible unit for executing subsea well decommissioning work. The contract award gives Fugro responsibility for supplying and supporting…
21 April 2020
Down but not out – high impact exploration to fall up to 35% in 2020
Following the double whammy of the collapse in the oil price and the Covid-19 pandemic, exploration plans are being redrawn and the well count is expected to drop by as much as 35% on 2019 levels. At the start of the year the high impact well count had been expected…
21 April 2020
IMCA Announces Successful Launch OF Diving CPD Scheme
The International Marine Contractors Association (IMCA) has announced the successful launch 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…
21 April 2020
TGS Completes Reprocessing of New Regional 2D Survey in the Russian Sea of Okhotsk
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, has announced that it has completed the reprocessing of a 21,631-square kilometer regional 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk. The reprocessing has been undertaken with the support of TGS’ Russian…
21 April 2020
Coro Energy plc ("Coro", or the "Company") Final Results
Coro Energy, the Southeast Asian focused upstream oil and gas company, announces its audited final results for the year ended 31 December 2019. Highlights: South East Asia · Secured 15% interest in the Duyung Production Sharing Contract, Indonesia · Participated in the drilling of two successful appraisal wells on the…
21 April 2020
Oil price drop is body blow for industry already creaking under COVID-19 pressure
The leading representative body for the UK’s offshore oil and gas sector has warned the latest oil price developments could fundamentally undermine the ability of the industry to recover and serve the energy transition. It comes as US crude oil prices continued to drop this evening while the international benchmark…
21 April 2020
Allseas : Welcome home Solitaire
After successfully completing her work for Equinor’s Troll 3 project in the North Sea, our pipelay vessel Solitaire returned to Rotterdam to prepare for her next challenge, offshore Israel. This means that for the first time ever, the world’s two largest pipelay vessels – Solitaire and Pioneering Spirit – are…
21 April 2020
Jan De Nul and LS Cable will connect offshore wind farms Hollandse Kust Noord and West Alpha to the Dutch power grid
TenneT has awarded the consortium Jan De Nul Group and LS Cable & System the contracts for the supply and installation of high voltage cables for the grid connection of the Dutch offshore wind farms Hollandse Kust Noord and West Alpha. Jan De Nul Group will take care of the…
21 April 2020
SeaBird receives letter of award
SeaBird Exploration has received a letter of award for a source contract in South America. The contract is expected to start in Q3, with a duration of about 30 – 45 days. SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and…