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10 March 2022
Tidewater Announces the Acquisition of Swire Pacific Offshore, Creating World’s Leading OSV Operator
Tidewater Inc. announced a definitive agreement to acquire all of the outstanding shares of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), for approximately $190 million (the “Transaction”). Strategic Rationale Creates industry’s largest fleet of OSVs: SPO’s fleet of 50 OSVs consists…
10 March 2022
Legasea Awarded Green Jobs Funding
Legasea has successfully secured funding, from Scottish Enterprise, to develop their ground-breaking Shore to Store service, whilst creating green jobs. The innovative project will reduce the carbon footprint of subsea decommissioning operations, by taking subsea equipment that is no longer required, and finding routes to refurbish, recertify, remanufacture and reuse,…
10 March 2022
AGR engaged by Emperor Energy to progress permitting of Judith-2 well off Australia
AGR’s Well Management division has secured a new contract with Emperor Energy Limited (ASX: EMP) (‘Emperor’) on its Judith-2 appraisal well off the coast of Victoria, Australia. AGR’s Well Management experts in Perth will progress the preparation and submission of necessary applications to the Australian National Offshore Petroleum Safety and…
10 March 2022
New agreement in place for the WIV “Siem Helix 1” and WIV “Siem Helix 2”
Siem offshore are pleased to announce that Siem Offshore and Helix Energy Solutions Group Inc, has entered into an agreement for the Well Intervention Vessels Siem Helix 1 and Siem Helix 2. The agreements will replace the existing contracts and the new firm period will be 3 years for “Siem…
10 March 2022
Pandion Energy acquires the operations of ONE-Dyas in Norway with an outlook to more than double daily production
Pandion Energy has signed an agreement with ONE-Dyas Holdings B.V. to acquire ONE-Dyas Norge AS. The transaction includes a 10 percent share of the Nova field and a total of 11 exploration licenses. The Nova field is expected to start production in the second half of 2022. The field, located…
10 March 2022
MODEC’s FPSO MIAMTE MV34 achieves First Oil in Offshore Mexico
MODEC, Inc. (“MODEC”) announced today that the FPSO MIAMTE MV34 (“the FPSO”), operating in the Offshore Area 1 block in the Gulf of Mexico achieved the First Oil production on February 23, 2022. This is MODEC’s first project for Eni Mexico, a subsidiary of the integrated energy company Eni. MODEC…
10 March 2022
OFG, in partnership with PGS, acquires NCS, the owner and operator of P-Cable ultra-high resolution seismic acquisition technology
Ocean Floor Geophysics, Inc (OFG), in partnership with PGS, is pleased to announce that it has signed an agreement to acquire NCS SubSea, which provides ultra-high-resolution 3D seismic data to the oil & gas and new energy markets via their market-leading P-Cable system. With the addition of P-Cable technology, OFG…
9 March 2022
Longboat Energy plc (“Longboat Energy”, “Longboat” or the “Company”) Spud of Kveikje Exploration Well
Longboat Energy, the emerging full-cycle North Sea E&P company is pleased to announce the commencement of drilling operations on the Kveikje exploration well (Company 10%). Kveikje is the primary prospect in licence PL293B, which lies in an area north of the giant Troll field in the Norwegian North Sea with…
9 March 2022
Hitachi Energy selected as technology partner for the world’s longest AC power-from-shore project in Norway
Hitachi Energy, the global technology and market leader in power grids, announced today that it has been selected by Aker BP, the Norwegian oil and gas exploration and production company, as technology partner for the NOAKA power-from-shore project off the Norwegian coast. The entire project will be powered by up…
9 March 2022
UK southern gas basin material increase in phase III exploration prospect inventory
Hartshead Resources NL (Hartshead, HHR or the Company) is pleased to announce the following operational update with respect to the Company’s exploration portfolio as part of its Phase III field development. An exploration study across Hartshead’s License P2607 has been completed by Xodus Group (Xodus), which has generated a new…
9 March 2022
Havila Shipping ASA: New contracts
Havila Shipping has entered into a new contract with Nexans Norway AS for the subsea vessel Havila Phoenix. The contract is in direct continuation of existing contract and is firm until end of October 2022, with 60 optional days thereafter. The company has also entered into a contract with Peterson…
9 March 2022
Perdana Petroleum secures vessel charter contracts worth RM9.6M from Petronas Carigali
Offshore marine service provider Perdana Petroleum Bhd has bagged vessel chartering contracts worth approximately RM9.6 million from Petronas Carigali Sdn Bhd. In a bourse filing on Monday (March 7), Perdana Petroleum said its wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB) received the work orders award comprising three vessel chartering contracts…
9 March 2022
PGS Strengthens its New Energy Portfolio
Ocean Floor Geophysics Inc. (OFG), a company in which PGS owns approximately 43%, has acquired the entire share capital in NCS SubSea. NCS SubSea owns and operates the market-leading P-Cable system. The P-Cable technology provides ultra-high-resolution 3D seismic data to the new energy and oil & gas markets. With the…
9 March 2022
Globally significant carbon capture and storage project a step closer
Santos, as operator of the Bayu-Undan offshore gas production facility in Timor-Leste and Darwin LNG, has today announced entry into the front-end engineering and design (FEED) phase for the proposed Bayu-Undan carbon capture and storage (CCS) project. The Bayu-Undan CCS project could potentially safely and permanently store up to 10…
9 March 2022
Petrobras on the transfer of participation in the Búzios field
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/29/2021 and 10/04/2021, informs that it has signed a contract with its partner CNOOC Petroleum Brasil Ltda. (CPBL) for the assignment of 5% of its interest in the Production Sharing Contract of the Transfer of Rights Surplus, for…
8 March 2022
Construction work resumes on the Saint-Brieuc offshore wind farm
Ailes Marines announces today the resumption of construction work on the wind farm in the Bay of Saint-Brieuc. The Van Oord vessel Aeolus, which is responsible for installing the piles and foundations of the wind turbines, will be working in the area without interruption in 2022 and 2023. The wind…
8 March 2022
MSubs and Sonardyne to collaborate on advancing autonomous naval platform capabilities
Submersible manufacturer MSubs and marine robotics technology company Sonardyne have signed a strategic partnership to advance the capabilities of long endurance, autonomous underwater platforms for the UK defence sector.The Memorandum of Understanding (MOU) will see the two companies working to integrate and evaluate Sonardyne’s commercial-off-the-shelf navigation, communications and imaging payloads…
8 March 2022
DNV, Strohm, and the Non-Metallic Innovation Centre study reviews lifecycle carbon footprint of pipelines
DNV, Strohm, and the Non-Metallic Innovation Centre (NIC) have launched a report comparing the lifecycle carbon footprint of externally coated carbon steel pipe and thermoplastic composite pipes (TCP). The report shows that TCP has a significantly lower carbon footprint, in the range of 30-60%, than an equivalent carbon steel pipeline…
8 March 2022
NIB signs 10-year loan to finance Viking Link interconnector
NIB agrees a 10-year loan agreement with Danish TSO Energinet to increase the co-financing to construct the Viking Link, a 760- kilometre 1.4 GW high voltage direct current electricity interconnector between the substations of Revsing in southern Jutland in Denmark, and Bicker Fen in Lincolnshire, Great Britain. The DKK 1,500…
8 March 2022
ESB Wind Development Limited Site Investigations off Waterford and Cork Coasts - Helvick Head Offshore Wind
ESB Wind Development Limited have applied for a Foreshore Licence to carry out Site Investigation works at a site named "Helvick Head Offshore Wind". This site is situated to the south of County Waterford and to the southeast of County Cork and along potential export cable corridors from the array…
8 March 2022
Schlumberger Announces Deployment of Reservoir Engineering Digital Solutions for Global Customer
Schlumberger today announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud. “This digital platform will drive workflow and data efficiency, enabling ConocoPhillips to…
8 March 2022
DOF subsea has awarded uptime with two contracts
Uptime International AS (UPTIME) has been awarded two Walk to Work contracts to support DOF Subsea on their awarded long-term contract for a Multi-Purpose Supply Vessel (MPSV). The MPSV is commencing work for a major International Energy Company on a three-year firm, plus 2 x 1-year options contract. The 1st…
8 March 2022
Cheniere signs EPC contract with Bechtel for the Corpus Christi Stage III project and issues Limited Notice to Proceed to commence construction
Cheniere Energy, Inc. announced that its subsidiary, Cheniere Corpus Christi Liquefaction Stage III, LLC, has entered into a lump sum, turnkey, engineering, procurement and construction contract with Bechtel for the Corpus Christi Stage III project. In addition, CCL Stage III has released Bechtel to commence early engineering, procurement and other…
7 March 2022
Doosan Heavy Signs Long Term Service Agreement for Jeju Hallim Offshore Wind Farm
Doosan Heavy Industries & Construction announced on March 3rd that it had signed a long term service agreement with Korea Midland Power(KOMIPO) on providing operation & maintenance(O&M) services for the Jeju Hallim Offshore Wind Farm. The Jeju Hallim Offshore Wind Farm project is being pursued for the development of Korea’s…
7 March 2022
Subsea 7 awarded FEED contract in Norway
Subsea 7 S.A. announced the award of a contract by Equinor for the front-end engineering and design (FEED) study for the marine installations associated with the Krafla development project, offshore Norway. The awarded work is required to finalise the technical definition of the proposed development prior to Equinor and its…
7 March 2022
IOG plc Completion of Saturn Banks Reception Facilities (SBRF) and Start of Backgassing
IOG plc ("IOG", or "the Company"), has provided a further Phase 1 operational update. Andrew Hockey, CEO of IOG, commented: "I'm very pleased to say that the onshore Saturn Banks Reception Facilities (SBRF) have now been fully commissioned and pipeline backgassing has started today. This is the final step to…
7 March 2022
North Sea flaring cut by 19% last year, reaching record low
Flaring cut by about a fifth two years running; venting dropped by a quarter in 2021 Reductions reflect OGA stewardship, industry effort and the effect of planned maintenance shutdowns To support reductions, the OGA has toughened its consenting regime, backed by guidance, benchmarking and monitoring Flaring in the UK North…
7 March 2022
New jobs created as Bilfinger UK Expands Presence in the North East
Engineering and maintenance contractor Bilfinger UK has opened a new state-of-the-art Fabrication Facility in Humberside. The expansion is part of a strategy to grow its operational footprint in the North East and support the construction of the UK’s largest low carbon energy project at Hinkley Point C in Somerset. In…
7 March 2022
QatarEnergy signs a cooperation agreement with Namibia's Namcor E&P
QatarEnergy signed a Cooperation Agreement with NAMCOR Exploration and Production (NAMCOR E&P), a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR). The agreement provides the framework for cooperation between QatarEnergy and NAMCOR E&P to support and develop a sustainable upstream oil and gas sector in Namibia, including the provision…
7 March 2022
Lundin Energy presents its renewables business
Lundin Energy AB (“Lundin Energy” or “the Company”) is pleased to announce the publication of a company description for the new, renewables-focussed business which includes the business overview, strategy, Board of Directors and management team. After completion of the proposed Combination of Lundin Energy’s E&P business with Aker BP, the…
7 March 2022
Ramform Titan Makes First Ever US Port Call
Last week, Ramform Titan entered Galveston marking the first-ever visit of a Titan-class vessel to a US port. The PGS flagship vessel is mobilizing for a 4D survey in the Gulf of Mexico. The entry to the Galveston channel was closed for outgoing traffic while the pilots guided the vessel…
4 March 2022
Equinor - consent for exploration drilling in the North Sea
The Petroleum Safety Authority Norway has given Equinor consent for exploration drilling in production licence 1049 in the North Sea.
4 March 2022
Acquisition of world leading UXO specialist, Ordtek
Venterra Group Plc, the offshore wind energy services business, today announces the acquisition of Ordtek, a world leading provider of unexploded ordnance (‘UXO’) risk management consultancy. Venterra was formed to create a global services champion supporting the offshore wind industry’s rapid expansion and leading role in the energy transition. It…
4 March 2022
United Oil and Gas plc ("United" or "the Company") corporate update.
United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company, issues the following corporate update. Divestments UK CNS On 7 September 2021 United announced that it had entered into a binding sale and purchase agreement (SPA) with Quattro Energy Limited (Quattro) to sell its UK Central North…
4 March 2022
Equinor and bp sign agreement to transform South Brooklyn Marine Terminal into central hub for offshore wind industry
Equinor, and its partner bp, today announced an agreement to turn the storied South Brooklyn Marine Terminal (SBMT) complex in Brooklyn, New York into a major regional hub for offshore wind. Under the agreement, the terminal will transform into a world-class offshore wind port capable of staging and assembling the…
4 March 2022
Ocean Winds, Aker Offshore Wind secure second Electric Business License for 1.2 GW floating offshore wind project in Ulsan, South Korea
Korea Floating Wind (“KF Wind”), the joint venture between Ocean Winds (66.7 percent) and Aker Offshore Wind (33.3 percent), has obtained its second Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 450 MW. Obtaining the second EBL…
4 March 2022
Victoria Launches Australia’s First Offshore Wind Targets
The Andrews Labor Government will deliver Australia’s first offshore wind farms with a strong plan to drive regional investment, slash emissions and create jobs. The nation leading policy, set out in the Victorian Offshore Wind Policy Directions Paper, includes procuring projects that will generate at least 2 gigawatts (GW) of…
4 March 2022
Dorado project & financing update
Highlights • FEED progress on target to be FID ready by mid-calendar 2022 • Strong initial production rates of 75,000 – 100,000 (gross) bopd confirmed • Competitive development and operational costs to be fully defined ahead of FID • Financing process commenced with a range of sources of capital being…
4 March 2022
Energean plc (“Energean” or the “Company”) Energean connects flagship Karish field to Israel’s gas network ahead of production
Energean plc has announced the connection of the Karish Gas Field to the Israel National Gas Line (“INGL”), an important milestone in facilitating the operational readiness of the Karish field development. Once onstream, the field will produce and provide significant quantities of natural gas to Israel and eventually the wider…
3 March 2022
Drilling permit for well 6507/5-11
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia AS drilling permit for well 6507/5-11, cf. Section 13 of the Resource Management Regulations.
3 March 2022
ECO (ATLANTIC) OIL & GAS LTD. ("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the "Group") Rig contract signed for Block 2B, offshore South Africa
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and gas exploration company focused on the offshore Atlantic Margin in Guyana, Namibia and South Africa, is pleased to announce that the Joint Venture partnership of Block 2B, offshore South Africa, has entered into a drilling…
3 March 2022
Shearwater GeoServices awarded 4D Ocean Bottom Seismic survey by Lundin Energy Norway
Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce the award of a 4D Ocean Bottom Seismic (“OBS”) survey at the Edvard Grieg field for Lundin Energy Norway. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer…
3 March 2022
Contract award for Subsea Viking
Eidesvik Offshore ASA has been awarded a contract by PXGEO UK Ltd under the Master Time Charter Agreement for Subsea Viking. The contract will commence ultimo April 2022, in direct continuation of the existing stand-by contract. The firm period is 100 days with options for extensions.
3 March 2022
Prysmian to deliver the first interconnector between UK and Germany
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract worth around €1.2 billion by NeuConnect Britain Limited and NeuConnect Deutschland GmbH for the turn-key design, manufacturing, installation, testing and commissioning of a 725 kilometer submarine interconnector that will directly link the German…
3 March 2022
Another Sverdrup giant delivered
Aibel was awarded the giant project in April 2018 and around 4,000 employees have undertaken approx. 20 million man-hours designing, building and completing the 25,000-tonne P2 platform. On Tuesday, Aibel handed over the platform to Equinor and celebrated the milestone with a sailaway ceremony for employees, guests, and the media.…
3 March 2022
Magseis Fairfield further consolidates OBN market through asset purchase from Carbon Transition
Magseis Fairfield has entered into an agreement to acquire Carbon Transition’s proprietary node-on-a-rope handling systems. Magseis Fairfield pays an initial USD 0.5 million and enters a profit-sharing model with the seller for surveys executed with this equipment over the coming three years. “We see an increasingly optimistic outlook for a…
3 March 2022
New environmental permit restarts construction on halted parts of Baltic Pipe
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe gas pipeline after the original permit was repealed by the Danish Environmental and Food Appeals Board last year. With the new permit, Energinet can restart construction on parts of the project in the eastern…
2 March 2022
Steel cut for second Skywalker class vessel, according to plan
The first steel has been cut for Integrated Wind Solutions ASA (“IWS”) second Construction Service Operation Vessel at the China Merchants Heavy Industry facility in Jiangsu, China. The ceremony held 1st of March 2022 marks another major milestone in bringing the series of IWS Fleet’s offshore wind service vessels into…
2 March 2022
Shearwater GeoServices recycles four vessels as part of its fleet renewal strategy
Shearwater GeoServices Holding AS (“Shearwater”) is divesting the four seismic acquisition vessels Polar Marquis, Oceanic Challenger, SW Emerald, and SW Eagle for recycling as part of its fleet renewal strategy. The first two vessels, Polar Marquis and Ocean Challenger, have been delivered in Turkey for recycling in accordance with EU…
2 March 2022
Emperor Energy engages AGR to progress permitting of Judith-2 Appraisal Well.
Emperor Energy Limited (ASX: EMP) (‘Emperor’ or ‘the Company’) is pleased to announce that it has engaged a leading global well management company AGR to progress with the preparation and submission of the necessary applications to the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) to gain approval to…