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26 January 2022
Neptune Energy increases production from Gjøa platform
Neptune Energy announced that production from its operated Gjøa platform in the Norwegian North Sea increased by two million barrels of oil equivalents (boe) from 2020 to 2021. Gross production over the Gjøa platform ended on 42 million boe in 2021, compared with 40 million boe in 2020. 76% of…
26 January 2022
OEG Offshore broadens renewables capability with Manor Renewable Energy
Global offshore services business OEG Offshore has “massively broadened” its renewables capability by snapping up Manor Renewable Energy. Acquisition of the temporary power, engineering and vessel business, which boasts group turnover in the region of £30m, advances OEG’s fast‐paced strategy to deliver integrated offshore service packages across the world. Bringing…
26 January 2022
SSE Thermal and Equinor submit two joint carbon capture projects into landmark government competition
SSE Thermal and Equinor have underlined their commitment to net zero by formally submitting two low-carbon projects into the Government’s Cluster Sequencing Process. Together with Equinor, SSE Thermal, part of the FTSE-listed SSE plc, is planning to develop two new power stations equipped with carbon capture technology to remove CO2…
26 January 2022
Hess Announces 2022 E&P Capital and Exploratory Budget
Hess Corporation announced a 2022 Exploration & Production capital and exploratory budget of $2.6 billion, of which approximately 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production…
25 January 2022
TechnipFMC Awarded Large EPCI Contract by Petrobras for Búzios 6 Field
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its Búzios 6 field (module 7), a greenfield development in the pre-salt area. The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, umbilical termination assemblies…
25 January 2022
Heerema wins decommissioning contract for multiple Petrogas platforms
Petrogas E&P Netherlands B.V. (a part of Petrogas E&P LLC, headquartered in Muscat, Oman) has awarded Heerema an integrated engineering, preparation, removal, and disposal (EPRD) decommissioning contract for multiple North Sea oil platforms. The work involves removing the Haven, Hoorn, Helm, and Helder platforms from Block Q1 of the Dutch…
25 January 2022
NORBIT awarded order for multiple Guardpoint Underwater surveillance sonars
NORBIT announces that NORBIT Subsea, part of segment Oceans, has been awarded an order from an undisclosed international customer for delivery of several Guardpoint surveillance sonar systems. The value of the order is approximately NOK 20 million and the systems are expected to be delivered in the second quarter of…
25 January 2022
Maersk Supply Service launches new venture company, Stillstrom, to deliver offshore vessel charging
Maersk Supply Service, a part of A.P. Moller-Maersk, is launching its offshore vessel-charging venture, Stillstrom, to support the decarbonisation of the maritime industry by eliminating idle emissions. Together with Ørsted, Stillstrom will demonstrate the world’s first full-scale offshore charging station for vessels at an offshore wind farm, scheduled for installation…
25 January 2022
PGS Takes the Lead as Preferred Partner for Carbon Storage
PGS will acquire new geophysical data in 2022 for two of the largest CO2 storage projects in the world. CO2 storage is essential to reduce carbon emissions and meet net-zero targets. The company has been supporting CCS projects with reliable geophysical data for some time and is committed to enabling…
25 January 2022
New Drilling Contract for "HAKURYU-5"
Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company "Hakuryu 5, Inc." has entered into a drilling contract with INPEX Offshore San-in Co., Ltd for the provision of a semi-submersible drilling rig "HAKURYU-5".
25 January 2022
Ashtead Technology bolsters rental fleet with investment in Innova multiplexers
International subsea equipment rental and solutions specialist Ashtead Technology has further strengthened its rental fleet with a significant investment in twelve new Matrix MK II+ multiplexers from Innova. The Matrix is an established and proven stand-alone fibre optic multiplexer and control solution. It provides a simple plug and play interface…
25 January 2022
IOG plc Operational Update
IOG plc ("IOG", or "the Company"), (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, provides a further update on Phase 1 operations. Andrew Hockey, CEO of IOG, commented: "I am on site again today at Bacton onshore terminal reviewing the latest progress, which…
24 January 2022
A worldwide first as six oil and gas operators and Oceaneering Services B.V. sign deal to jointly decommission wells in the North Sea
NAM, Neptune Energy, ONE-Dyas, Petrogas E&P, TotalEnergies EP Nederland and Wintershall Noordzee have signed an agreement with Oceaneering Services B.V. for the decommissioning of Mud Line Suspension (MLS) wells in the Dutch North Sea, which are wells that were once drilled for exploration purposes, but never became producing wells. This…
24 January 2022
Neptune Energy Netherlands BV extends contract for DSV Seamar Splendid
Seamar have announced that Neptune Energy Netherlands B.V. (Neptune) has exercised the option to extend the charter of the DSV SeaMar Splendid with 1 year. The SeaMar Splendid, a 59 meter long diving support vessel, is supporting Neptune with Inspection, Repair and Maintenance (IRM) campaigns in the southern sector of…
24 January 2022
Ørsted signs MoUs with leading Korean utilities and takes important step in the development of Incheon offshore wind project
Ørsted has signed memoranda of understanding (MoUs) with Korean state-owned utilities Korea Southern Power (KOSPO) and Korea Midland Power (KOMIPO) for the development of the 1.6 GW Incheon offshore wind project. The MoU signing events were held as virtual meetings and attended by senior management representatives including Ho-Bin Kim, President…
24 January 2022
Prosafe SE: Operational update Q4 2021
The fleet utilisation rate in the fourth quarter of 2021 was 59.3 per cent (Q4 2020: 25.0 per cent). The fleet utilisation for the year was 54.5 per cent (2020: 20.4 per cent), the highest utilisation rate since 2015.Safe Zephyrus was in the yard in Norway preparing for the start-up…
24 January 2022
Agreement to divest the FPSO BW Joko Tole
BW Offshore has signed an agreement for the sale of the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia. The consortium will continue to…
24 January 2022
Upstream M&A deals reached a three-year high of $181 billion in 2021, returning to pre-Covid levels
Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, a 70% increase over 2020, Rystad Energy research shows. The total deal value for 2021 was the highest in three years and almost reached the highs seen in 2017 and 2018…
24 January 2022
KUFPEC’s First Operated Offshore Exploration Discovery
Kuwait Foreign Petroleum Exploration Company, k.s.c.c. (“KUFPEC”) is pleased to announce that its wholly-owned subsidiary KUFPEC Indonesia (Anambas) B.V. (“KUFPEC Indonesia”) has successfully made a commercial discovery of gas and condensate in the Anambas Block, offshore Indonesia. KUFPEC Indonesia made the discovery through the successful drilling of the Anambas-2X well.…
24 January 2022
Buffalo-10 drilling update
Carnarvon Energy Limited (“Carnarvon”) (ASX:CVN) provides the following update on the Buffalo-10 well. Progress Since the last report the wireline logging operations have been completed with the oil column deemed to be residual and uncommercial. Forward Plan The well will be left in a safe condition and the rig demobilised.…
21 January 2022
Ithaca has received approval from the authorities for the Abigail field
Ithaca has received approval from the UK authorities for the Abigail field in the north sea. More
21 January 2022
Heerema announces contract with McDermott for Saudi Aramco’s Marjan Increment Program
Transport and Installation Contract Heerema Marine Contractors is proud to announce that McDermott has awarded a contract to transport and install six large jackets within Package-1 of Saudi Aramco’s Marjan Increment program. Michel Hendriks, Heerema’s Transport and Installation Director said: ‘The award of the Marjan jacket scope is evidence of…
21 January 2022
SEA-KIT and Fugro ink contract for next generation 18m USV
World leading Geo-data specialist, Fugro, has ordered a SEA-KIT XL Class Uncrewed Surface Vessel (USV) for future North Sea operations. The 18m USV, the first of its kind, will be built at SEA-KIT’s expanding UK production facility on the Essex coast. “Following the successful delivery and award-winning operations of the…
21 January 2022
PSW Power & Automation and Trans Construction awarded contract with Siemens Energy AS
PSW Power & Automation announced the acquisition of Trans Construction AS. The acquisition is planned to be closed end of January 2022. At the same time as PSW Power & Automation AS takes over the shares in Trans Construction AS, it is a pleasure to announce that we have been…
21 January 2022
New Contract for BOA SUB C
BOA OCV have been awarded a new contract in the North Sea for the subsea construction vessel BOA SUB C. The contract is with a large international contractor for construction and decommissioning projects. Commencement of contract is May 2022 for a firm period of 150 days plus options which, if…
21 January 2022
OKEA fourth quarter 2021 trading update
OKEA ASA announces a trading update for the fourth quarter of 2021 with a production of 16 038 (16 315) barrels of oil equivalents per day (boepd), and a total operating income of NOK 1 725 (1 026) million. (Amounts in parentheses refer to previous quarter) ’OKEA delivered another strong…
21 January 2022
Lundin Energy announces total resource additions of 200 percent of 2021 production
Lundin Energy AB (Lundin Energy) is pleased to announce that as at 31 December 2021, its proved plus probable net reserves (2P reserves) are 639 million barrels of oil equivalent (MMboe1,2) and its proved plus probable plus possible net reserves (3P reserves) are 799 MMboe. 2P reserves plus best estimate…
20 January 2022
Buffalo-10 drilling update
Carnarvon Energy Limited (“Carnarvon”) (ASX:CVN) provides the following update on the Buffalo-10 well. Progress Since the last report, the 9 5 /8” casing has been successfully cemented in place and drilling has reached total depth of around 3,415 metres Measured Depth (“MD”) in the 8 ½” hole section. Observations from…
20 January 2022
Hellenic Cables to supply in total 900 km of array cables for Dogger Bank A, B and C OWF
Hellenic Cables, the cable segment of Cenergy Holdings, has been awarded the Dogger Bank C array cable contract by DEME Offshore, the renewables business unit of DEME Group. Already the designated cables’ supplier for Dogger Bank A and B, with this contract Hellenic Cables becomes the sole inter array cables’…
20 January 2022
Asso Group further expands its fleet with addition of the Offshore Construction Vessel “SBM Installer”
The Asso Group is excited to announce the acquisition of the DP-3 DSV-CSV “SBM Installer”, following a purchase agreement with SBM Offshore. The vessel was taken over today by the Asso Group in Algeciras, Spain, and was renamed “Athena”, hoisting the Greek flag. Over the next days she will be…
20 January 2022
Westwood Insight – 2021 High Impact Exploration – lowest discovered resource outside Russia for more than a decade
Frontier tests decline with less focus on long term renewal High impact drilling activity in 2021 was at a similar level to 2016-2018, with 74 wells completing (Figure 2). Discovered resource was disappointing, down from 19bnboe in 2020 to 6.6bnboe in 2021, split 36% oil and 64% gas. The commercial…
20 January 2022
SHYNE, the largest consortium to promote renewable hydrogen in Spain, is born
The consortium is made up of 22 companies from different sectors, such as Iberia and Balearia, leaders in air and maritime transport, respectively. The public company Navantia and PYMAR, a company that brings together small and medium-sized private shipyards in Spain. Steel companies such as Sidenor, AMES Group, and Tubacex.…
20 January 2022
Energean plc (“Energean” or the “Company”) Trading Statement & Operational Update
Energean plc is pleased to provide an update on recent operations and the Group's trading performance in the 12-months to 31 December 2021 together with guidance for 2022. This information is unaudited and subject to further review. Mathios Rigas, Chief Executive of Energean, commented: “2021 was an outstanding year for…
20 January 2022
Plans to maximise Seagreen Wind Farm Project capacity
Seagreen Wind Energy Ltd (SWEL) has submitted a formal EIA screening request to Marine Scotland in support of a potential application to vary the existing Seagreen consents under Section 36C of the Electricity Act 1989. SWEL is proposing to increase the height of the remaining consented, but not constructed, 36…
20 January 2022
Interior Department Announces Historic Wind Energy Auction Offshore New York and New Jersey
Secretary of the Interior Deb Haaland announced today that the Bureau of Ocean Energy Management (BOEM) will hold a wind auction next month for more than 480,000 acres offshore New York and New Jersey, in the area known as the New York Bight. Secretary Haaland was joined by New Jersey…
19 January 2022
PGS is Awarded Northern Lights CO2 Storage Acquisition Contract
PGS is awarded a seismic acquisition contract for CO2 storage offshore Norway by Equinor on behalf of Northern Lights JV DA. Acquisition is scheduled to start in Q2 2022 and has a duration of approximately 1 month. “Northern Lights is one of the pioneering CO2 transport and storage companies in…
19 January 2022
APA 2021: 28 companies offered ownership interests
18 January 2022, 28 companies have received offers of ownership interests in a total of 53 production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2021. The authorities assessed applications from a total of 31 companies during autumn 2021. Of the 53 production licences, 28 are…
19 January 2022
Global subsea tie-back leader Norway set for $6.5 billion inflation hit in coming awards till 2026
Norway, the world’s top market for subsea tie-back projects in coming years, is facing an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, a Rystad Energy report reveals. About 275 subsea trees are expected to…
19 January 2022
Fugro secures cable route survey contract for Denmark’s Energy Islands development
Fugro has secured a new contract with Energinet to undertake cable route surveys for the North Sea Energy Island project. The Energy Island will serve as an offshore power plant distributing up to 10 GW of offshore wind to Denmark and other neighbouring markets. Fugro will perform a combination of…
19 January 2022
Transocean Enabler Selected to Drill Injection Well and Sidetrack for Northern Lights Carbon Transport and Storage Project
Transocean Ltd. announced that, later this year as part of its current drilling contract with Equinor, the Transocean Enabler will drill one carbon injection well and a sidetrack for another carbon injection well drilled early 2020 in support of the Northern Lights Carbon Capture Storage Project, a joint venture created…
19 January 2022
Maersk Drilling secures 21-month contract with TotalEnergies
Maersk Drilling has been awarded a contract with TotalEnergies E&P Danmark which will employ the high-efficiency jack-up rig Maersk Reacher for well intervention services in the Danish North Sea. The contract is expected to commence in July 2022, with a duration of 21 months. The contract includes options to extend…
19 January 2022
Valaris Announces Floater Contract Awards
Valaris Limited announced that it has been awarded two one-well contracts with subsidiaries of Murphy Oil Corporation for semisubmersible VALARIS DPS-5. The first contract is in the U.S. Gulf of Mexico and is expected to commence in the third quarter 2022 with a minimum duration of 30 days. This contract…
19 January 2022
Kosmos Energy Announces Gulf of Mexico Appraisal Success at Winterfell
Kosmos Energy announced completion of the drilling of the Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico. The Winterfell-2 well (Kosmos working interest ~16.4%), was drilled to evaluate the adjacent fault block to the northwest of the original Winterfell discovery and…
18 January 2022
ScotWind offshore wind leasing delivers major boost to Scotland’s net zero aspirations
Crown Estate Scotland has today announced the outcome of its application process for ScotWind Leasing, the first Scottish offshore wind leasing round in over a decade and the first ever since the management of offshore wind rights were devolved to Scotland. The results coming just months after Glasgow hosted the…
18 January 2022
PGS Awarded Endurance CCS Acquisition Contrac
PGS is awarded a Carbon Capture and Storage (“CCS”) 3D seismic acquisition contract by BP over the Endurance reservoir, located about 145 kilometers off the coast from Teesside and around 85 kilometers from the Humber coast. Seismic acquisition is scheduled to start during April 2022 and complete in June. “PGS…
18 January 2022
The first steel was cut for IWS’s Construction Service Operation Vessel (CSOV)
The first steel has been cut for Integrated Wind Solutions AS ("IWS") first Construction Service Operation Vessel at the China Merchants Heavy Industry facility in Jiangsu, China. The ceremony held 14th of January 2022 marks a major milestone in bringing the series of IWS Fleet’s offshore wind service vessels into…
18 January 2022
Chariot Limited Completion of Successful Gas Drilling Operations
Chariot (AIM: CHAR), the Africa focused transitional energy company, is pleased to announce the completion of the successful gas drilling operations, on the Anchois gas project within the Lixus licence (“Lixus”), offshore Morocco. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures…
18 January 2022
INPEX to Commence Exploratory Offshore Drilling Offshore Shimane, Yamaguchi Prefectures in Japan
INPEX announced that it plans to implement exploratory drilling operations (hereinafter the “Project”) offshore Shimane and Yamaguchi prefectures in Japan to explore the possibility of locating oil and natural gas resources through INPEX San’in Offshore Development Co., Ltd., a subsidiary tasked with conducting exploration and development operations. Since the early…
18 January 2022
Wintershall Dea Exits Activities in Brazil
Wintershall Dea has decided to terminate all its operations in Brazil and to close the current office in Rio de Janeiro after the execution of all required measures. The termination of its operations in the country will be made in accordance with all contractual and legal regulations. "This decision is…
18 January 2022
First gas from Geographe wells
Beach Energy is pleased to announce the first two wells of its offshore Otway Basin campaign - Geographe 4 and 5 - have been connected to the Otway Gas Plant and are now delivering gas into the East Coast market following the completion of the commissioning phase. The new wells…