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18 October 2022
Tidal stream energy could dive to record low cost if opportunity is seized
Tidal stream energy could plummet below £80 per MWh by 2035 if current opportunity is realised, a new industry-leading report has predicted. The ‘Cost Reduction Pathway of Tidal Stream Energy in the UK and France’ report, produced by the Offshore Renewable Energy (ORE) Catapult as part of the Interreg FCE…
18 October 2022
Renewable projects payback time drops to under a year in some places – capital investments shoot up
High spot electricity prices, particularly in Europe, are changing the utility wind and solar investment narrative as potential payback periods of under a year could start a race to develop renewable assets purely based on project economics, Rystad Energy research shows. Capital investments in renewables have also increased significantly and…
17 October 2022
Thor: RWE selects preferred suppliers for Denmark’s largest offshore wind farm
Siemens Energy to become main supplier for the onshore substation and HSM Offshore Energy for the substation at sea Early works agreements signed with both suppliers Thor will supply green electricity for more than one million Danish households RWE is further progressing with the deployment of its Thor offshore wind…
17 October 2022
Equinor awarding contracts for platform supply vessels
Six contracts have been awarded to five shipowners, for a total value estimated at more than NOK 2,5 billion including options. The six platform supply vessels will be managed by Simon Møkster Shipping AS, Island Offshore Management AS, Eidesvik AS, Remøy Shipping AS and P/F Skansi Offshore. The contracts will…
17 October 2022
Contract Award for NHV Aberdeen
NHV Group is delighted to announce a contract award to perform helicopter services to the Central North Sea, on a 5 year contract for INEOS FPS.Starting operations at the beginning of November, NHV will perform flights to the Forties Unity from NHV Aberdeen. The Forties Pipeline System, which is 100%…
17 October 2022
Seagreen’s renewable energy output to be maximised
Application granted to vary consent for remaining 36 offshore turbines. Plans to maximise the renewable energy potential of Seagreen, Scotland’s largest and the world’s deepest fixed bottom offshore wind farm, have been given the green light by Scottish Ministers. Some of the 114 turbines currently being installed. The Section 36C…
17 October 2022
Seagreen turbine installation hits the halfway mark
Half of the 114 turbines which will make up Scotland’s largest offshore wind farm are now in place in the North Sea off the East coast of Scotland The construction campaign at Seagreen achieved the landmark this week with the installation of the 57th Vestas V164-10.0 MW turbine, approximately 27…
17 October 2022
Vaalco Energy announces the closing of the strategic business combination with Transglobe Energy
VAALCO Energy, Inc. announced the closing of the strategic combination (the "Arrangement") of VAALCO and TransGlobe Energy Corporation. As previously disclosed, the combined Company will now trade on the NYSE and LSE under the ticker symbol EGY. The combined Company is a leading African-focused operator with a strong production and…
14 October 2022
RWE commissions study with Swansea-based Marine Power Systems into Celtic Sea opportunities for ports and suppliers
RWE has signed a contract to explore the feasibility of deploying up to 1 GW of floating wind in the Celtic Sea, using local ports and supply chain Development of offshore floating wind in the Celtic Sea could unlock thousands of jobs and multiple millions of pounds for the supply…
14 October 2022
Petronas Strengthens Partnership with TotalEnergies and Shell Through New PSC
Petronas has signed a Production Sharing Contract (PSC) with TotalEnergies EP Malaysia (TE), PETRONAS Carigali Sdn Bhd (PCSB), Sabah Shell Petroleum Company Limited (SSPC) and Shell Sabah Selatan Sdn Bhd (SSS) for Block 2K, an ultra-deepwater block located off the coast of Sabah. Block SB 2K, with depth up to…
14 October 2022
Peregrino phase 2 on stream
On 10 October at 20:00 local time, the new platform in Brazil, Peregrino C, produced its very first oil. Peregrino phase 2 will extend the Peregrino field life to 2040. Phase 2 adds 250-300 million barrels of oil, while at the same time halving expected CO2 emissions per barrel over…
14 October 2022
Expro wins funding for carbon-reducing technology development
Expro has been awarded funding for two carbon-reduction projects as part of an innovation program to accelerate clean energy production and close the gap in net zero technologies. The Aberdeen-based Net Zero Technology Centre (NZTC) has awarded a total of £8 million to fund net zero technologies as part of…
14 October 2022
Subsea Innovation delivers Pipe-in-Pipe (PIP) Waterstops to TechnipFMC in the US
Subsea Innovation has completed the design, build and delivery of twenty-nine Pipe-in-Pipe (PIP) Waterstops to TechnipFMC for a subsea development project in the Gulf of Mexico. The robust solution was delivered to a demanding client schedule, achieved by working closely with the supply chain and TechnipFMC. Subsea Innovation further expedited…
14 October 2022
NZTC awarded £2.12M from Just Transition Fund to demonstrate feasibility of repurposing existing assets to produce green hydrogen
Net Zero Technology Centre has been awarded £2.12M from Scottish Government’s Just Transition Fund (JTF) to support delivery of its Hydrogen Offshore Production Project (HOP2). The HOP2 project, which will be delivered over four years, will demonstrate if offshore hydrogen production and storage is feasible at a scale of 500MW…
13 October 2022
Implenia enters into partnership with WindWorks Jelsa for floating offshore wind turbines
Implenia and WindWorks Jelsa (WWJ) have signed a letter of intent to build a high-tech production facility for floating offshore wind turbines in Jelsa on Norway's west coast. In the future, the industry partners want to jointly offer the manufacture of concrete structures and general services. Implenia and WindWorks Jelsa…
13 October 2022
Cadeler’s F-class vessel booked until 2030
An agreement with an undisclosed customer secures significant utilization of Cadeler’s new hybrid F-class vessel from 2027 to 2030. If all options are called during the four-year agreement, the potential agreement value will exceed 330 million Euro. Cadeler announces an agreement with an undisclosed customer that secures the utilization of…
13 October 2022
First nodules surface after 4 kilometre journey
Hundreds of thousands of mineral-rich polymetallic nodules have arrived on board our production vessel Hidden Gem following successful initial pilot collection runs in the Pacific. Our collector vehicle amassed more than 14 tonnes of nodules during a one-hour collection run at 4380 metres water depth. It is a pioneering moment…
13 October 2022
Havila Shipping ASA: Contracts for PSV Havila Borg and PSV Havila Herøy
Havila Shipping ASA has entered into contracts with Peterson Den Helder BV for the PSV Havila Borg and the PSV Havila Herøy. Havila Borg for a fixed period of 6 months and one optional period of 12 months. Havila Herøy for a fixed period of a drilling campaign estimated to…
13 October 2022
Maersk Supply Service awarded transport & installation contract by Eiffage Metal for EFGL floating offshore wind farm
Maersk Supply Service has been contracted for the transport and installation of three 10MW wind turbines at the EFGL (Eoliennes Flottantes du Golfe du Lion) wind farm, a pilot floating wind project offshore France. Awarded by EPCI contractor Eiffage Métal, Maersk Supply Service’s scope of work includes the engineering, transport,…
13 October 2022
ABL Group appointed on Belbazem Project in UAE
ABL Group are delighted to have been appointed as marine warranty surveyor to review and approve critical marine and offshore operations on the Belbazem Project, offshore UAE. “The Belbazem Block development is a prestigious project and we consider it a privilege to be appointed as the marine warranty surveyors,” says…
13 October 2022
Global floating offshore wind pipeline doubles in last 12 months
A new report published by RenewableUK shows that the total pipeline of floating offshore wind projects has more than doubled in the past 12 months in terms of capacity worldwide, from 91GW a year ago to 185GW now.More
13 October 2022
Welltec opens Europe’s most advanced test loop to facilitate Denmark’s energy transition
Welltec® has officially opened its new Test Flow Loop facility in Esbjerg, which will provide essential corrosion testing for numerous Carbon Capture and Storage (CCS) projects, enabling the company to play an even bigger role in the energy transition in Denmark. The newly constructed system – which is the most…
12 October 2022
DNO Closes RAK Petroleum Transaction
DNO ASA, the Norwegian oil and gas operator, today announced the completion of the transaction agreement entered between DNO and RAK Petroleum plc ("RAK Petroleum") by which the Company will acquire Mondoil Enterprises LLC and its 33.33 percent indirect interest in privately-held Foxtrot International LDC, whose principal assets are operated…
12 October 2022
Neptune Energy receives approval to increase Römerberg oil production
Neptune Energy announced approval from the State Mining Authority for Rhineland-Palatinate to raise the production limit at its operated Römerberg oil field in the Rhine Valley, south-western Germany, enabling Neptune to increase oil production by up to three times the current limit of 3,700 barrels of oil equivalent per day…
12 October 2022
Extension of Neptune Energy Norge contract
Odfjell Drilling has announced that on behalf of CIMC OFFSHORE AS, we have agreed to extend the contract with Neptune Energy Norge for the use of the drilling rig Deepsea Yantai to drill two further firm wells in Norway. The scope of the work is estimated to take 60 days…
12 October 2022
ABL wins Greenlink interconnector offshore work
ABL Group has been awarded a contract to provide marine warranty survey (MWS) services on the Greenlink interconnector – a 500MW interconnector linking power networks in Ireland and Great Britain. Greenlink is a 190km long HVDC subsea and underground electricity cable that will facilitate energy transmission between the Great Island…
12 October 2022
Principle Power to advance FEED for Wind-to-Hydrogen Dolphyn project
Principle Power has been contracted by ERM to advance the Front-End Engineering Design (FEED) for a Wind-to-HydrogenDolphyn 10 MW demonstrator project off the coast of Aberdeen. The contract was signed after ERM Dolphyn was awarded £8.62m of funding from the UK Government, via the Low Carbon Hydrogen Supply 2 Competition.…
12 October 2022
Successful Completion of Construction at Akita & Noshiro
Seajacks International, a wholly-owned subsidiary of Eneti Inc, recently completed the installation of all 33 wind turbines at the Akita & Noshiro offshore wind farm situated off the Japanese Akita Prefecture coastline. The self-propelled jack up vessel, Seajacks Zaratan, carried out the work in collaboration with main installation contractor Kajima…
12 October 2022
Offshore wind opportunity soars with 135 GW of potential capacity available in leasing rounds
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals skyrocketing offshore wind growth with 135 GW of new capacity on offer to developers, equivalent to nearly 2.5 times today’s 55 GW market. This is bolstered by new market expansion with over 20…
12 October 2022
Bluefield Geoservices Performs Deepest-ever Seabed CPT
Bluefield Geoservices (Bluefield), an international subsea geotechnical services provider, today released details of what the company believes to be the deepest-ever successful offshore Cone Penetration Test (CPT), carried out in ultra-deep-water depths of more than 4,000 meters in the Pacific Ocean. Bluefield operators successfully completed 23 seafloor CPTs to a…
11 October 2022
Pentland Floating Offshore Wind Farm announces Stiesdal technology selection
Pentland Floating Offshore Wind Farm has announced it will use Stiesdal Offshore’s innovative TetraSub concept, the world’s first fully industrialised floating technology, as the floating foundation structure for the project. The technology offers a lightweight and cost- effective floating solution, based on factory-made modules which are then assembled domestically in…
11 October 2022
MMA offshore awarded contract by Beach Energy
The MMA Coral will provide vessel support to Beach Energy’s two production platforms located in the Bass Strait. The vessel will also provide subsea inspection and survey services and will support planned drilling operations. Commencing in late November 2022, the contract is for a firm period of one year with…
11 October 2022
ADNOC Drilling Awarded $1.53 Billion Contract to Support Expansion of ADNOC’s Offshore Operations
Abu Dhabi National Oil Company (ADNOC) announced the award of a contract worth $1.53 billion (AED 5.62 billion) to ADNOC Drilling. The award supports the expansion of ADNOC’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon intensity oil…
11 October 2022
Shelf Drilling awarded a five-year contract for the recently acquired Shelf Drilling Victory
Shelf Drilling, Ltd. announced that it has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf. The contract value for the firm period, including mobilization revenue, is approximately USD 236 million. The contract also includes a twoyear option, and…
11 October 2022
The Crown Estate updates developers on latest steps in the leasing process for floating wind in the Celtic Sea
The Crown Estate has updated developers on the design of the tender process for seabed leasing for floating wind energy in the Celtic Sea. The Celtic Sea programme is intended to provide 4GW of renewable energy capacity by 2035, with the region assessed to have the economic potential to accommodate…
11 October 2022
£8 million funding awarded across 20 game changing net zero technologies
The Net Zero Technology Centre has on the 10 October 2022 announced the 20 winners of its 2022 Open Innovation Programme. The funding competition this year focused on developing and deploying technologies that will reduce offshore emissions, accelerate clean energy production, and enable delivery of the UK’s net zero ambitions.Full…
11 October 2022
Petrofac awarded well management services contract by Dana
Petrofac has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets. These include both the Triton FPSO and the Western Isles FPSO (Floating Production Storage and Offloading) vessels in the North Sea. The new two-year contract, with options for extension, continues…
11 October 2022
EMEC concludes concept design on 100 MW floating wind test site
The European Marine Energy Centre (EMEC), based in Orkney, Scotland, has concluded concept design for a new 100 MW floating offshore wind test and demonstration site. As the world’s leading, and only accredited, ocean energy test facility EMEC is aiming to secure a lease for a site ~20 km west…
10 October 2022
RWE commissions study with Swansea-based Marine Power Systems into Celtic Sea opportunities for ports and suppliers
The Celtic Sea region offers a huge opportunity to develop large-scale, commercial floating offshore wind and RWE as the largest energy producer and renewables operator in Wales, wants to play a part in its delivery. In anticipation of this, RWE has commissioned Swansea-based Marine Power Systems (MPS) to develop a…
10 October 2022
Thailand Drilling Rig Contract Execution
Valeura Energy Inc, the upstream oil and gas company with assets offshore Gulf of Thailand and the Thrace Basin of Turkey, is pleased to announce that it has agreed with Petrovietnam Drilling and Well Service Corporation to charter the PV Drilling I jack-up drilling rig to support its Gulf of…
10 October 2022
Waldorf Production to acquire Dana and Taqa Dutch oil and gas businesses
Waldorf Energy Netherlands B.V. (WEN) has entered into definitive agreements with Dana Petroleum Limited and Taqa Energy B.V. to acquire their respective upstream businesses in the Netherlands. The financial terms of the transaction are not being disclosed. The transaction remains subject to obtaining final regulatory and other third-party approvals. WEN…
10 October 2022
Tyra II: Successful Completion of Final Offshore Lifting Campaign
Norwegian Energy Company ASA announced that the final offshore lifting campaign of the Tyra Redevelopment project was successfully completed at 17:04 local time on Sunday 9 October 2022. Following the lift and installation of the process module (the “TEG”) on 4 October, Heerema Marine Contractors’ Sleipnir has lifted in place…
10 October 2022
i3 Energy plc Serenity Appraisal Well Result
i3 Energy plc, an independent oil and gas company with assets and operations in the UK and Canada, announces the completion of drilling operations on the Serenity appraisal well on UK Licence P.2358, Block 13/12c. The 13/23c-12 Serenity appraisal well was drilled to a total vertical depth of 5,630 ft…
10 October 2022
Hellenic Cables to provide turnkey solution for Ostwind 3 220 kV export cable system
Hellenic Cables, the cables segment of Cenergy Holdings, announces the award of a turnkey contract by 50Hertz, a major European transmission system operator for Ostwind 3, a 220 kV export cable system. Ostwind 3 will connect a segment of the designated wind farm area Windanker, to the German extra-high voltage…
10 October 2022
Cornerstone Resources Group Ltd Abbey and Baker farm out
Cornerstone, a gas development company focused on creating substantial growth from low-carbon production, is delighted to have signed a binding farm out of its Abbey development and also the nearby Baker low risk exploration prospect. Cornerstone will receive consideration upfront and at Final Investment Decision, and after the respective Final…
10 October 2022
Barge Master receives 7,5 million for a more efficient installation of offshore wind farms
Barge Master successfully develops motion-compensating solutions for the offshore industry. By means of machines developed in Rotterdam, it is still possible to work accurately and safely on the open sea with significant wave motions. Due to their recent innovation on their existing technology, the solution now also offers great added…
7 October 2022
Neptune Energy extends higher gas supplies to UK for this winter
Neptune Energy and its partners today announced an extension of higher gas production from the Duva field in Norway, supplying enough gas to heat a further 550,000 UK homes per day. In April, Norwegian authorities granted Neptune and the Duva licence partners a permit to temporarily increase gas production by 6,500…
7 October 2022
NSTA launches 33rd Offshore Oil and Gas Licensing Round
13 October Update - We are pleased to announce that we are able to offer an additional 34 Blocks in the 33rd Oil and Gas Licensing Round.Available in the Central North Sea and Southern North Sea, the extra acreage is available following further consultation with the MoDUK energy security will be…
7 October 2022
Aker BP – consent to use Deepsea Nordkapp in the North Sea
The Petroleum Safety Authority Norway (PSA) has given Aker BP s consent to use the mobile drilling facility Deepsea Nordkapp for drilling of production wells in block 25/7 and 24/4, Kobra East and Gekko.
7 October 2022
Nexans signs Empire Wind contract to bring renewable energy to New York
Nexans, a global organization and key driver for the world’s transition to a more connected and sustainable future, today announced the execution of a significant contract for phase one of the Empire Wind Project being developed by a 50-50 partnership between Equinor and bp. This signature follows the Preferred Supplier…