Search News
Latest News
9 September 2022
Maersk Supply Service and Stiesdal Offshore to enter floating wind partnership
Building on the companies’ individual positions in the floating wind industry, Maersk Supply Service and Stiesdal Offshore have entered into a strategic partnership to offer combined solutions to this fast-growing sector within offshore wind. With significant expansion predicted for floating wind, this emergent technology has the potential to play a…
9 September 2022
New contract for CSV Normand Mermaid
Solstad Offshore has entered into a new contract for the CSV Normand Mermaid in direct continuation of present contract, with present Client, keeping the vessel fully utilized to 2Q 2025, with one optional year thereafter. Normand Mermaid will continue be utilized for geotechnical operations within the renewable energy and oil…
9 September 2022
ODL: Aker BP extend the Deepsea Nordkapp
Aker BP has today assigned two (2) additional firm wells to the Deepsea Nordkapp with an estimated duration of approximately six (6) months. The newly exercised wells shall commence in direct continuation of the current firm contract period and keep the unit occupied into late Q3 2024. The approximate contract value for the exercised…
9 September 2022
Australia Licensing 2022
PGS data targets key blocks for the 2022 Australian license round, which have now been officially released by the Government of Australia. The Browse Basin GeoStreamer PURE dataset covers acreage released in the Caswell sub-basin. This high-grade dataset allows confident correlation of prospects in the available licenses into discovered fields,…
9 September 2022
Global oil and gas exploration shrinks as companies shift focus to lower-risk core assets and regions
Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and the ensuing oil market crash, Rystad Energy research shows. Only 21…
8 September 2022
McDermott Awarded FEED Contract From Gunvor Petroleum
McDermott International, together with its storage business, CB&I, has been awarded a Front-End Engineering Design (FEED) contract from Gunvor Petroleum Rotterdam B.V. for the Green Hydrogen Import Terminal project. The project is part of Gunvor's program to transform their Rotterdam facility into a green energy hub. Under the contract scope,…
8 September 2022
bp to sell its business in Algeria to Eni
bp today announced that it has agreed to sell its upstream business in Algeria to Eni, including its interests in the gas-producing In Amenas and In Salah concessions. bp holds working interests of 33.15% and 45.89% in the In Salah and In Amenas projects respectively. Both are operated by joint…
8 September 2022
OEUK Economic Report 2022: The UK’s new government must attract new investment in North Sea gas, oil, and wind – and reform power markets to bring down tariffs
The UK’s continental shelf still contains energy reserves equivalent to 15 billion barrels of oil – enough to fuel the UK for 30 years – according to a new report from Offshore Energies UK.Full report here
8 September 2022
Reach Subsea ASA – Significant contract awards, including strategic engagement in Brazil
Significant contract awards, including strategic engagement in Brazil Haugesund, 7 September 2022: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has recently signed contracts amounting totally in excess of NOK 200 million, including an important strategic contract in the Brazilian market, which was signed today.…
8 September 2022
Contract signed for Moray West Offshore Wind Farm
Further to the announcement for the reservation agreement issued on 22 March 2022, Lamprell is pleased to confirm that it has signed the very large contract* and received a full notice to proceed from Moray Offshore Windfarm (West) Limited. The base scope of work includes the construction of 60 wind…
8 September 2022
PanGeo Subsea Completes Cable Depth of Burial Campaign to Support Estonian / Finnish Electricity Transmission
Kraken Robotics Inc. Canada’s Ocean Company™, announces that its PanGeo Subsea subsidiary has completed cable depth of burial (DOB) surveys along the EstLink 1 and 2 cables during an offshore campaign utilizing PanGeo’s SeaKite ROTV equipped with the patented Sub-Bottom Imager™ (SBI). With a strong history in supporting sub-seabed surveys…
8 September 2022
Maersk Drilling secures six-month extension for drillship with Shell
Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract value of…
8 September 2022
Transocean Ltd. Announces $181 Million in Contracts for Ultra-Deepwater Drillship Deepwater Asgard
Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding $181 million in firm backlog. The first award is a one-well contract with Murphy Oil Corporation at $395,000…
7 September 2022
Rotech Subsea sets up Taiwan entity to service demand in country’s offshore wind sector
A series of successful cable trenching and Seabed levelling campaigns in Taiwan’s offshore wind sector - with further contracts in the pipeline - has led Aberdeen-based Controlled Flow Excavation (CFE) & Suspended Jet Trenching pioneer, Rotech Subsea, to establish a new entity in the country. With three spreads of its…
7 September 2022
N-Sea sucessfully completed a pre-emptive repair to Gwynt Y MÔR ofto Subsea export cable 3 (SSEC3)
-Sea Group have successfully completed a pre-emptive repair to SSEC3. SSEC3 is one of four 132,000 volt export circuits owned and operated by the Gwynt y Môr OFTO, providing the export connection between the Gwynt y Môr Wind Farm and the onshore UK transmission system. The pre-emptive repair was the…
7 September 2022
Argeo AS – New Hugin 6000 AUV system starts commercial work with a contract valued at 4.5 MUSD
The newly purchased Hugin 6000 AUV from Kongsberg Maritime will start commercial work in September. In reference to the company’s earlier announcement made on the 24th March 2022 “Hugin 6000 AUV Purchase”, Argeo now confirms start of commercial operations. The system is enroute to project location with commencement of operations…
7 September 2022
ODL – DNO Norge AS awards Deepsea Yantai one well
Odfjell Drilling is pleased to announce that they on behalf of CIMC Raffles, have agreed a contract with DNO Norge AS for the use of the drilling rig Deepsea Yantai to drill one (1) firm well in PL 984. The scope of work is estimated to take 50 days and will commence in…
7 September 2022
Contract signed with Trident Energy
Island Drilling Company is thrilled to announce that we have signed a contract with Trident Energy to provide the Island Innovator drilling unit and associated services for the offshore Equatorial Guinea drilling campaign. The work is planned to start in September/October of 2023. The work is for 2 firm and…
7 September 2022
Trillion Energy International Announces September 8th As Uranus Rig Departure Date
Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) provides an update on the status of the Uranus Rig mobilization to the SASB gas field. The Uranus Rig is slated to depart for SASB on September 8th and to arrive on September 11th. A detailed…
7 September 2022
H2Carrier and Statkraft to cooperate on study of green ammonia floating production vessel
H2Carrier AS and Statkraft have entered into a Memorandum of Understanding regarding a study for the possible use of H2Carrier’s unique green ammonia floating production vessel, the P2XFloater™ on certain offshore wind locations. The P2XFloater™ will utilize renewable power to produce green hydrogen and green ammonia which in turn can…
7 September 2022
Havila Shipping ASA: Sale of ship
Havila Sihipping has, according to instructions from the lenders financing Havila Phoenix, entered into an agreement to sell the ship based on principles laid down in the current restructuring agreement. The sale will take place when the existing contract for the ship is completed, expected to take place at the…
6 September 2022
ESB and dCarbonX expand Irish offshore energy storage partnership
ESB and dCarbonX have signed a joint venture agreement that will allow the companies to progress large-scale energy storage projects off the coast of Ireland. Since Q2 2021, ESB and dCarbonX, (an affiliate of Snam, Europe’s largest gas storage provider and gas infrastructure company), have been working together in terms…
6 September 2022
Saipem and Siemens Energy sign a MoU to jointly develop a concept for floating electrical substation
Saipem and Siemens Energy have signed a Memorandum of Understanding (MoU) for the joint development of a cutting-edge technology solution in the offshore wind sector. This is a concept design for a 500 MW high-voltage alternating current (HVAC) floating electrical substation for use in offshore wind farms. Floating offshore substations,…
6 September 2022
Ashtead Technology announces acquisition of WeSubsea
Ashtead Technology has announced its intent to expand its mechanical solutions service offering with the planned acquisition of WeSubsea. The transaction is expected to close during Q4 of 2022 and will be the Group’s sixth acquisition in the past five years, demonstrating its commitment to expanding its geographical presence and…
6 September 2022
Five key lessons for North Sea project delivery
With domestic energy security high on the agenda in the wake of the Russia-Ukraine conflict, 2022 is set to be a record year for North Sea upstream project approvals. But as capacity constraints and cost inflation intensify, effective delivery will be more important than ever.More
6 September 2022
ADNOC Announces $548 Million Contract for a New Main Gas Line at its Lower Zakum Field
Abu Dhabi National Oil Company (ADNOC) announced, the award of a $548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic…
6 September 2022
Jan De Nul completes foundation and cable installation on the Formosa 2 Offshore Wind Farm
Jan De Nul Group successfully completed the installation of the 47 jacket foundations and 188 pin piles, the 4 export and 47 inter array cables on the Formosa 2 Offshore Wind Farm in Taiwan. With the achievement of these major milestones, Jan De Nul brings its EPCI scope onto the…
6 September 2022
Santos awarded CO2 storage permits for more CCS opportunities
Santos has been awarded permits to undertake evaluation and appraisal work for the potential storage of carbon dioxide in the offshore Carnarvon and Bonaparte basins, off the coast of Western Australia, the company announced today. Permits G-9-AP and G-11-AP will enable Santos to pursue potential carbon capture and storage (CCS)…
6 September 2022
Woodside and Uniper sign agreement for LNG supply to Europe
Woodside Energy Trading Singapore Pte Ltd (Woodside) has entered into a flexible long-term sale and purchase agreement (SPA) with Uniper Global Commodities SE (Uniper) for Woodside to supply LNG from its global portfolio into Europe, including Germany, for a term up to 2039, commencing in January 2023. The quantity of…
5 September 2022
Excelerate Energy Signs Term Sheet to Deploy an FSRU to Germany
Excelerate Energy, Inc. announced that on August 25, 2022, the Company and ENGIE (“ENGIE”) signed a term sheet for the deployment of a floating storage and regasification unit (“FSRU”) that will provide flexible and secure LNG regasification capacity for Germany as it continues to seek alternatives to Russian pipeline gas…
5 September 2022
Multimillion-pound maintenance and operations contracts highlighted by Pathfinder
Upcoming tenders worth millions of pounds for operations and maintenance work are now advertised on the North Sea Transition Authority’s Energy Pathfinder website. Several leading operators have published forward work plans on the digital Pathfinder tool in response to the NSTA’s ongoing efforts to encourage companies to provide greater visibility…
5 September 2022
Magseis Fairfield completes innovative CCS monitoring pilot project in the North Sea
Magseis Renewables AS, a wholly owned subsidiary of Magseis Fairfield ASA, has successfully completed a high-resolution 3D seismic data acquisition offshore Norway over a carbon storage area. The project utilized Magseis Fairfield’s Extended High-Resolution (XHR) acquisition technology combined with ocean bottom nodes (OBN), to provide detailed imaging of the targeted…
5 September 2022
Shell invests in Rosmari-Marjoram in Sarawak, Malaysia
Sarawak Shell Berhad (SSB) (80%, Operator), a subsidiary of Shell plc, together with PETRONAS Carigali Sdn Bhd (20%), has taken a final investment decision (FID) to develop the Rosmari-Marjoram gas project. Rosmari-Marjoram fields are situated 220 kilometres (km) off the coast of Bintulu, Sarawak, Malaysia and will be powered by…
5 September 2022
Contract extension and new contract for CSV Normand Energy
Solstad Offshore ASA has been awarded contract extensions and a new contract with present client for the CSV Normand Energy. The client has exercised all options under the existing contract and in addition awarded a new contract bringing the overall contract period to 570 days. The contract will commence in…
5 September 2022
Jumbo Offshore installs Petrobras torpedo pile mooring system.
Jumbo Offshore completes another first by installing Petrobras torpedo pile mooring system with just one vessel Adding to its list of ‘milestone’ projects, Jumbo Offshore has executed the transport and installation of a torpedo pile mooring system, including mooring for flexible risers, umbilical for Libra Consortiums¹ “Guanabara” FPSO. While this…
5 September 2022
INPEX to Transfer Interest in Lucius and Hadrian North Fields in US Gulf of Mexico
(INPEX) announced that through its subsidiary, INPEX Americas, Inc., it has transferred its entire participating interest (10.10769 percent) in the Lucius Field located in the US Gulf of Mexico’s Keathley Canyon (hereinafter “KC”) blocks 874, 875, 918 and 919 and the Hadrian North Field located in KC blocks 918 and…
5 September 2022
Completion of the Orlando 3/03b-13Y workover
Tailwind has announced the successful completion of the Orlando 3/03b-13Y workover and restart of production from the Orlando field.The Orlando workover was safely carried out with Petrofac as project manager and well operator using the Island Drilling Company AS Island Innovator Rig with support from the host platform operator CNR…
2 September 2022
Drilling permit for well 6605/1-2 S and 6605/1-2 A
The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS drilling permit for well 6605/1-2 S and 6605/1-2 A, cf. Section 13 of the Resource Management Regulations.
2 September 2022
Diamond Offshore announces new floater commitments
Diamond Offshore Drilling, Inc. announced that Inpex Operations Australia Pty Ltd has entered into a contract to utilize the Ocean Apex for work on the Northwest Shelf of Australia. The new contract covers two wells and is expected to commence in the fourth quarter of 2023 in direct continuation of…
2 September 2022
Allseas awarded major decommissioning contract by TAQA UK
Allseas has been awarded a major decommissioning contract by TAQA UK for the removal and disposal of multiple Northern North Sea (NNS) facilities. Aberdeen-based TAQA manages the UK North Sea exploration and production portfolio for UAE-headquartered utilities and energy group Abu Dhabi National Energy Company (TAQA). The engineering, preparation, removal,…
2 September 2022
McDermott Completes Process Module Sail Away on Tyra Redevelopment Project
McDermott International has successfully completed the sail away of the Tyra East G (TEG) gas processing module on the Tyra Redevelopment Project for TotalEnergies and its Danish Underground Consortium partners Noreco and Nordsøfonden. The module weighs approximately 18,700 tons (17,000 metric tons) and set sail on September 1 from McDermott's…
2 September 2022
Large-scale testing of materials for subsurface CO2 storage
Project Greensand: Welltec initiates large-scale testing of materials for subsurface CO2 storage Welltec® has begun extensive testing to identify optimal materials for Project Greensand, an initiative that will store CO2 in the subsurface of the North Sea. Project Greensand is the most mature project of its kind in Denmark, with…
2 September 2022
Denmark and Germany agree to landmark energy project that can supply up to 4.5 million European homes with electricity
According to the Danish Ministry of Climate, Energy and Utilities Denmark and Germany have agreed to complete the planned Bornholm Energy Island, after Minister Habeck and Jørgensen gave the go-ahead to connect it to their respective countries. When established in 2030, the Energy Island will be the first of its…
2 September 2022
Study assesses potential routes for oil and gas asset electrification
The Net Zero Technology Centre, the Cygnus JV – comprising Neptune Energy and Spirit Energy – and Sealand Projects Ltd have announced the findings of their ‘Southern North Sea – Oil & Gas Asset Electrification Study’ which explored the potential to electrify an offshore platform with power from offshore wind,…
2 September 2022
CNOOC announced that the development projects in the southeast area of Dongfang 1-1 gas field and the south block of Ledong 22-1 gas field were put into production
CNOOC Limited announced that Dongfang 1-1 The development projects in the southeastern area of the gas field and the southern block of the Ledong 22-1 gas field were put into production ahead of schedule. The project is located in the Yingge Sea area in the western South China Sea, with…
1 September 2022
ADNOC Awards $1.83 Billion Framework Agreements for Drilling-related Services
Abu Dhabi National Oil Company (ADNOC) announced, the award of five framework agreements valued at $1.83 billion (AED6.72 billion) for Directional Drilling and Logging While Drilling (LWD) to support its efforts to expand production capacity of its low carbon oil and gas resources to help meet the world’s growing demand…
1 September 2022
KONGSBERG to supply integrated technology and thruster packages for new Construction Service Operation Vessels (CSOVs) to be operated by Olympic
Kongsberg Maritime wins tender to deliver technology solutions and azimuthing thrusters for two innovative new offshore windfarm CSOVs. KONGSBERG has secured an approx. NOK 64M contract with Norwegian vessel operator Olympic to equip two new Construction Service Operation Vessels with an appropriately innovative technology suite. Two KONGSBERG US 205 PM…
1 September 2022
Woodside-LED joint venture awarded Greenhouse Gas assessment permit in WA
Woodside Energy Ltd (Woodside), BP Developments Australia Pty Ltd (bp), Japan Australia LNG (MIMI) Pty Ltd (MIMI), which is owned equally by Mitsubishi Corporation and Mitsui & Co., Ltd, Shell Australia Pty Ltd (Shell) and Chevron Australia Pty Ltd (Chevron), collectively referred to as the Joint Venture, have been awarded…
1 September 2022
Seadrill Limited announces sale of seven jack-ups
Seadrill Limited (“Seadrill” or the “Company”) (XOAS: SDRL) announces today that it has entered into a binding Share Purchase Agreement (“SPA”) with subsidiaries of ADES Arabia Holding Ltd. (together, “ADES”) to sell the legal entities that own and operate seven jack-ups (the “Jack-up Sale”) in the Kingdom of Saudi Arabia.…
1 September 2022
Scana company to supply marine risers to drilling operations in West Africa
Scana-owned PSW Technology has signed an important agreement with Odfjell Drilling for the delivery of marine risers to operations in West Africa. The agreement involves rental of a complete riser package for a period of minimum 18 months. The risers will be used in its upcoming operations in West Africa.…