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11 May 2022
Westwood Insight – Asia Pacific set for substantial 123% growth in offshore wind spend
Mainland China grabbed the headlines in 2021 after expanding its installed capacity base by an enormous 181% – mostly in the fourth quarter – and leapfrogging the UK to become the world’s biggest market by capacity installed. But Mainland China is now changing, and other countries have great potential, so…
11 May 2022
UKCS mediation pilot extended
The North Sea Transition Authority (NSTA) has extended the UKCS mediation pilot in order to gather further data to judge its overall value. The scheme was first launched in 2020 to gauge whether or not mediation is helpful in resolving disputes between oil and gas licensees, operators and infrastructure owners.…
10 May 2022
Clontarf Energy plc ("Clontarf" or the "Company") Acquisition of 10% of Sasanof Prospect, Offshore Western Australia
The Directors of Clontarf have announced that the Company: · has acquired a 10% interest in the high-impact multi-TCF (Trillion Cubic Feet) Sasanof exploration prospect (located mainly within Exploration Permit WA-519-P) through the acquisition of a 10% interest in Western Gas (519 P) Pty Ltd ("WG519P"), which wholly owns the…
10 May 2022
ConocoPhillips Skandinavia AS Submitted Plan for Development and Operation for the Eldfisk North Project
ConocoPhillips Skandinavia AS, operator of the Greater Ekofisk Area together with our license partners, submitted a plan for development and operation (PDO) for the Eldfisk North Project to the Ministry of Petroleum and Energy. The Eldfisk North Project is targeting additional resources in the Eldfisk Field. The development concept is…
10 May 2022
Equinor sells assets in Ekofisk Area and share in Martin Linge
Equinor and Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in the Greater Ekofisk Area and a minority share in Martin Linge (19%). The agreement includes 7.604% of Ekofisk area licenses PL018, PL018B and PL275 (including the Ekofisk, Eldfisk and Embla fields, and 6.63922%…
10 May 2022
CGX And Frontera Announce Light Oil And Gas Condensate Discovery At The Kawa-1 Exploration Well, Offshore Guyana
CGX Energy Inc. and Frontera Energy Corporation, joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced integrated results from the Kawa-1 exploration well, offshore Guyana. The Kawa-1 well was drilled in water depth of approximately 355 metres (1,174 ft) to a total depth of…
10 May 2022
Orcadian Energy plc Orcadian Report provides carbon emissions solution for North Sea
Orcadian Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company is delighted to present its final report into Central North Sea electrification, which has now been delivered to the North Sea Transition Authority (NSTA, previously known as the Oil and Gas Authority or the OGA) and operators…
10 May 2022
Maersk Drilling secures extension for Mærsk Developer in Brazil
Karoon Energy Ltd has exercised options to add the drilling of up to two wells at the Neon field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The contract extension has a duration of 80 days, in direct continuation of the rig’s previous work scope. The…
10 May 2022
New Contract for "HAKURYU-5"
Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company "Hakuryu 5, Inc." and its agent in Malaysia, NABA Drilling Sdn. Bhd. ("NABA") have agreed to provide drilling services to PETRONAS Carigali Sdn. Bhd. (PCSB) for a semi-submersible drilling rig "HAKURYU-5" for the drilling contract awarded by…
10 May 2022
Neptune Energy spend 1 billion to support UK energy security
Neptune Energy announced it will spend more than $1 billion1 over the next five years securing energy supplies for the UK and speeding the transition to net zero. Neptune currently operates around 11% of the UK’s gas supply from fields in the UK’s Southern North Sea and the Norwegian North…
9 May 2022
Heerema selected for Strategic Supplier Agreement with Equinor and bp for the US East Coast
Heerema Marine Contractors is selected as a strategic supplier by Equinor on behalf of the 50-50 partnership between Equinor and bp to develop the Empire Wind and Beacon Wind projects, with the intent to enter into a Strategic Supplier Agreement for the transportation and installation services of wind farm foundations…
9 May 2022
Energean plc Athena Gas Discovery
Energean plc is pleased to announce that a commercial gas discovery has been made by the Athena exploration well, offshore Israel. Highlights • Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands. Preliminary analysis indicates that the Athena discovery contains recoverable gas volumes…
9 May 2022
Longboat Energy plc Farm-in to two exploration wells
Longboat Energy, the emerging full-cycle North Sea E&P company, is pleased to announce that it has farmed-in to two additional near-term, gas weighted exploration prospects on the Norwegian Continental Shelf (“NCS”) targeting combined gross unrisked mean resources of 2231 mmboe (451 mmboe net to Longboat) through an agreement with OMV…
9 May 2022
Keppel O&M awarded FPSO integration contracts worth around S$250 million from repeat customers
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around S$250 million[1] from repeat customers for the integration of two Floating Production Storage and Offloading vessels (FPSO). Mr Chor How Jat, Managing Director (Conversions & Repairs), Keppel O&M,…
9 May 2022
wpd to Sell Offshore Wind Business to Global Infrastructure Partners
Global Infrastructure Partners (“GIP”), a leading independent infrastructure investor, and wpd AG (“wpd”), a leading project developer and independent renewables power producer (IRPP) for onshore wind, offshore wind and solar, are pleased to announce that they have signed definitive agreements for GIP to acquire 100% of wpd offshore GmbH (“wpd…
9 May 2022
Contract extension for Skandi Africa
DOF Subsea is pleased to announce that an option has been exercised for the vessel Skandi Africa. The new commitment will now run until February 2024 and will commence in direct continuation with the current commitment.Skandi Africa is a high-end subsea vessel designed for harsh environment and deepwater subsea construction…
9 May 2022
ION completes Colombia Caribe 2D reprocessing program providing enhanced regional understanding of the Caribbean offshore
ION Geophysical Corporation (NYSE:IO) announced that it has completed reprocessing of the prestack time and depth imaging of over 62,000 km of legacy data acquired from the National Hydrocarbon Agency of Colombia (ANH) for its Colombia Caribe 2D reprocessing program. This multi-client reprocessing provides consistent parameterization of 18 surveys with…
9 May 2022
Panoro Energy – Extension of Block G Production Sharing Contract Offshore Equatorial Guinea
Panoro Energy ASA has announced that the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the Joint Venture partners at Block G offshore Equatorial Guinea have agreed a material time extension of the Production Sharing Contract (“PSC”) until 31 December 2040 covering both the producing Ceiba and Okume Complex…
6 May 2022
Extending contracts for drilling and specialist services worth NOK 20 billion
Equinor is extending its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS). At the same time the company is extending its contracts for additional services with the same companies and 13 other…
6 May 2022
Secures Large MultiClient Campaign in Norwegian Sea
PGS has secured solid industry pre-funding for a large MultiClient survey on the Northwest shelf of the Norwegian Sea. The Ramform Atlas is currently mobilizing for the survey, with scheduled acquisition start around May 10. “This is the first large-scale MultiClient survey we are acquiring offshore Norway since 2020, as…
6 May 2022
Equinor - consent for use of AKOFS Seafarer
The Petroleum Safety Authority Norway (PSA) has given Equinor consent to use AKOFS Seafarer, for light well intervention on the Norwegian Continental Shelf.
6 May 2022
GE and HSM Offshore Energy sign MoU for AC offshore wind substation projects
To respond to the increasing demand for turnkey delivery of offshore high-voltage substations in the rapidly growing offshore wind market, GE's Grid Solutions business, a global power industry systems provider, and EPCIC (turnkey) platform and modules builder HSM Offshore Energy announced today that they have signed a Memorandum of Understanding…
6 May 2022
G-tec successfully completes Calvados Offshore Wind Farm UXO detection and identification campaign
G-tec has successfully completed the UXO detection and clearance campaign for the Calvados offshore wind farm in France. In total more than 2,200 km was surveyed. Calvados offshore wind farm will consist of 64 wind turbines with a total installed capacity of ~450 MW, enough to supply electricity to 630,000…
6 May 2022
IXblue completes remotely operated survey of Saint Nazaire offshore wind farm using its DriX Uncrewed Surface Vehicle (USV)
iXblue recently completed the bathymetric survey of the Saint Nazaire offshore wind farm using its DriX Uncrewed Surface Vehicle (USV). Relying on 4G and satellite communication, the operation – located 20km off the West coast of France – was remotely conducted by the iXblue teams of surveyors from their Remote…
6 May 2022
Transfer of Krafla operatorship from Equinor to Aker BP
Equinor and Aker BP have signed a memorandum of understanding (MoU) for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area - Krafla, Fulla and North of Alvheim. Equinor and Aker BP are operators of one field…
6 May 2022
Wintershall Dea helps shape the Wilhelmshaven Energy Hub
Wintershall Dea, Europe’s leading independent gas and oil producer, is planning a major new project to produce clean hydrogen in Germany and store carbon dioxide underground in the North Sea. The reason: industry and households continue to need a flexible and secure energy supply, and CO2 emissions must be reduced…
5 May 2022
Well-Safe Solutions announces agreement to add third rig to fleet
Well decommissioning specialists Well-Safe Solutions have today announced that they have reached an agreement with Awilco Drilling to acquire the WilPhoenix semi-submersible rig – Well-Safe Solutions’ third asset acquisition in three years. Built in 1983, the WilPhoenix is an established presence in the North Sea, having been extensively refurbished and…
5 May 2022
Petrofac secures sizeable decommissioning contract through Gulf of Mexico Alliance
Petrofac, a leading provider of services to the global energy industry, and Promethean Decommissioning Company (PDC), a pure-play Decommissioning Operator, have formed an Alliance to decommission the South Pass 60, South Pass 6 and East Breaks 165 fields, offshore Gulf of Mexico. The legacy offshore fields and assets include nine…
5 May 2022
Four-year contract awarded from Petrobras for Safe Notos in Brazil
Prosafe has been awarded a contract by Petróleo Brasileiro SA (‘Petrobras’) for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The contract linked to the award has a firm period commitment of four (4) years and the commencement is in Q3/Q4 2022 following…
5 May 2022
DeepOcean and Aker BP enter into long term strategic partnership agreement
DeepOcean AS, a subsidiary of ocean services provider DeepOcean, has entered into a long term strategic partnership agreement with Norwegian operator Aker BP. The agreement has a duration until end 2026 with options to extend it for another four years. Under the agreement,DeepOcean will be Aker BP’s preferred supplier of…
5 May 2022
Cadeler raises 86 million Euro to build a new foundation installation vessel
Cadeler, a leading wind turbine and foundation installation contractor in the offshore wind market, has successfully completed a private placement with proceeds of 86 million EUR with the intent to add a new state-of-the art newbuild vessel to its fleet. The addition of the new vessel will enable Cadeler to…
5 May 2022
LLOG Exploration Announces Development of Salamanca Production Facility
LLOG Exploration Company, L.L.C. (“LLOG” or “the Company”), a privately-owned exploration and production company focused on the deepwater Gulf of Mexico (“GOM”), today announced the development of the Salamanca production facility, which is comprised of a uniquely designed Floating Production Unit (“FPU”) that will be created from the refurbishment of…
5 May 2022
Petrobras to invest US$ 16 billion in the Campos Basin renewal plan
Petrobras will invest US$ 16 billion in the renovation plan for the Campos Basin, with plans to install three new platforms and interconnect more than 100 oil rigs in the area over the next five years. With more than 40 years of history and two awards received by the Offshore…
5 May 2022
Hydrogen fuel network trial gets underway with INEOS at Grangemouth
INEOS are taking part in a project with SGN to bring hydrogen distribution networks a step closer to reality in the UK. Hydrogen supplied from the Grangemouth site in Scotland to the SGN project will help determine how existing natural gas networks can be repurposed for hydrogen. Andrew Gardner, Chairman…
4 May 2022
C-Innovation’s Success Leads to Another Multi-year Contract for RLWI Work
C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has signed a two-year contract for continued Riserless Light Well Intervention (RLWI) services onboard the Island Venture offshore support vessel. The new contract follows a previous agreement in which the Island Venture performed interventions on…
4 May 2022
New Order Win Of S$180 million Brings Dyna-Mac’s Net Order Book To Record S$641.1 million
Dyna-Mac Holdings Ltd. is awarded a firm contract with a provisional sum of S$180 million from a longtime repeat customer. The contract was for the construction of Topside Modules for a Floating Production Storage Offloading (FPSO) vessel. Work on the Topside Modules will commence in 4Q 2022 with completion scheduled…
4 May 2022
Reabold Resources plc Conditional, non-binding offer for Corallian and conditional acquisition by Reabold of exploration and appraisal licences
Highlights: · Corallian Energy Limited ("Corallian") has received a non-binding, conditional offer from a credible party for the acquisition of its entire issued share capital (the "Potential Sale") · Corallian's board considers the Potential Sale to be sufficiently attractive to seek to conclude a sale process and is progressing negotiations…
4 May 2022
Energean plc New Gas Sales and Purchase Agreement Signed and Karish Project Operational Update
Energean plc is pleased to announce that Energean Israel has signed a new Gas Sales and Purchase Agreement (“GSPA”) for up to 0.8 bcm/yr. Mathios Rigas, Chief Executive of Energean, commented: “We are delighted to have signed a new GSPA of up to 0.8 bcm/yr for our flagship assets in…
4 May 2022
DEME's revolutionary offshore installation vessel 'Orion' joins its fleet
DEME is very proud to announce that the revolutionary offshore installation vessel ‘Orion’ officially joins its fleet today. This next-generation vessel brings a game-changing installation concept to the offshore energy market. DEME is honoured that Mrs Amélie Michel, spouse of Mr Charles Michel, President of the European Council, has agreed…
4 May 2022
Cemre Shipyard has been awarded by Danish Esvagt for building the world’s first service operation vessel that can operate on green fuels.
The design of the vessel has been developed by the Norwegian design company HAV Design in cooperation with ESVAGT, and the vessel will be the third turn-key project for Cemre to build for Esvagt. This pioneering project will change the path of the offshore wind service and support the market…
4 May 2022
Blockbuster year for public E&Ps as profits set to soar to $834 billion in 2022, smashing record
Public exploration and production (E&P) companies are on track to shatter previous record profits this year as high oil and gas prices and surging demand drive financial success. Rystad Energy research shows that total free cash flow (FCF)*, a company’s cash from operations after accounting for outflows and asset maintenance,…
4 May 2022
Ørsted trials turning offshore wind turbine foundations into safe havens for corals
Ørsted, the world’s most sustainable energy company, is planning a world-first attempt to support coral reefs by growing corals on offshore wind turbine foundations. Together with Taiwanese partners, the company will test the concept in the tropical waters of Taiwan this summer. The aims are to determine whether corals can…
3 May 2022
Accelerating investment to protect Britain’s energy security
The North Sea has provided the UK with a stable domestic supply of oil and gas for the last 50 years and it has a bright future. This great national asset has had the dual purpose of securing supply and insulating the UK from developing a dependency on Russian hydrocarbons.…
3 May 2022
Contract Award in the Mediterranean
PGS is awarded a Wide Azimuth 3D acquisition contract offshore Cyprus. Mobilization is scheduled to start mid-June and acquisition is expected to complete mid-August. “We are very pleased with this contract award, which is an important contribution to our vessel utilization during the summer season. The Eastern Mediterranean is a…
3 May 2022
TechnipFMC Receives Notice to Proceed and Adds Additional Contract for the Yellowtail Development
TechnipFMC (NYSE: FTI) has been awarded an additional contract and received notice to proceed by ExxonMobil (NYSE: EOM) affiliate Esso Exploration and Production Guyana Limited for its Yellowtail development in the Stabroek Block offshore Guyana. The newly announced significant(1) flexibles contract covers six risers which are qualified for high pressure…
3 May 2022
Petrobras begins operation of the first definitive platform in the Mero field, in the pre-salt of the Santos Basin
On April 30, Petrobras started producing oil and natural gas through the FPSO Guanabara, the first definitive production system installed in the Mero field, in the pre-salt layer of the Santos Basin. The platform, of the FPSO type (floating oil and gas production, storage and transfer unit), has the capacity…
3 May 2022
NSTA highlights 33 new projects at industry leaders’ meeting
The annual performance review for the UK’s top producers highlighted 33 new projects targeting 1.3 billion barrels of oil and gas which will significantly bolster the country’s energy security. A total of 890 million barrels of those resources could be sanctioned as early as next year and the North Sea…
3 May 2022
ACE Winches announces ambitious expansion plans for Americas with opening of new Houston base
ACE Winches is increasing its global footprint with the announcement it will invest $6.5 million with the opening of a new facility in Houston, Texas – with the move predicted to double the company’s revenue within five years. The expansion comes following demands from customers and industry, with the company…
3 May 2022
bp to invest up to £18 billion in UK energy system by 2030
bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to deliver on its bold ambitions to boost energy security and reach net zero. As one of the largest oil and…
3 May 2022
IOG plc Operational Update
IOG plc, the Net Zero UK gas and infrastructure operator focused on high return projects, provides a full operational update Blythe & Elgood Facilities, Infrastructure & Reservoirs Over the initial seven weeks of production, the Bacton terminal operator Perenco (UK) Limited (PUK), IOG and its Pipeline and Facilities Duty Holder…