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7 January 2022
Aker BP – consent for exploration drilling in the North sea
The Petroleum Safety Authority Norway has given Aker BP consent for exploration drilling in block 35/4 in the North sea.
7 January 2022
RWE and Northland Power to jointly develop 1.3 GW offshore wind cluster off the German coast
RWE and Northland Power to jointly develop 1.3 GW offshore wind cluster off the German coast Partnership provides scale resulting in enhanced returns due to synergies in development, construction and operation of the cluster projects Offshore site (N-3.8) with a capacity of 433 megawatts secured Step-in rights for two additional…
7 January 2022
NeuConnect secures permit for offshore works in Dutch waters
The NeuConnect project has reached another important milestone with Dutch authorities awarding a permit for offshore works that will form a key part of the new energy link between the UK and Germany. The NeuConnect interconnector will see over 700km of subsea cables form the first direct link between the…
7 January 2022
Contract extension for Abo FPSO
BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until end Q4 2022.
7 January 2022
Centurion completes two acquisitions and extends its revolving credit facility
Centurion Group (“Centurion” or “the Group”), a global leader in the supply of essential rentals and services to critical industries, announces the successful upsizing and extension of its revolving credit facility. The facility size has increased by c. $70m, taking Centurion’s total committed facilities to c. $300m. The increased funding…
7 January 2022
Jan De Nul launched its Next Generation Offshore Wind Installation Vessel Les Alizés
An important milestone is reached in the construction of Les Alizés, a Next-Gen floating offshore installation vessel for offshore renewables and decommissioning. Jan De Nul launched its Offshore Installation Vessel Les Alizés at the CMHI Haimen shipyard in China. This vessel will be the largest Heavy Lift Vessel in Jan…
7 January 2022
FPSO contracts surged to pre-Covid levels in 2021, expected to continue strong with 10 awards in 2022
The market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, with 10 new awards expected, according to a Rystad Energy report. Two lease contracts were awarded in the fourth quarter of 2021, bringing the…
6 January 2022
James Fisher increases offshore wind asset operations and maintenance (O&M) portfolio with triple offshore substation contract from Balfour Beatty Equitix Consortium
James Fisher Renewables (JF Renewables), trusted technical and operations solutions provider to the offshore renewables industry, and a part of James Fisher and Sons plc (James Fisher, the group), has won three multi-million pound 13-15-year contracts supplying specialist operations and maintenance (O&M) services to support informed decision-making for offshore transmission…
6 January 2022
ExxonMobil makes two discoveries offshore Guyana
ExxonMobil said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. ExxonMobil makes two discoveries offshore Guyana Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of 10 billion oil-equivalent barrels Positive result supports strategy to test deeper exploration targets…
6 January 2022
2021: The year the offshore rig market turned the corner
The 2020 offshore drilling rig market wasn't exactly a hard act to follow, but 2021 proved to be a pivotal turning point for the industry despite ongoing challenges with the Coronavirus pandemic and the intensifying energy transition.More
6 January 2022
BW Ideol, JERA and ADEME Investissement sign an investment agreement for the financing of offshore floating wind projects
BW Ideol AS has executed an investment agreement with JERA, Japan’s largest utility company, and ADEME Investissement, a French State-owned investment company aiming at financing innovative infrastructure projects funded by the Investment for the Future Program, to create an investment company for financing the co-development of offshore wind projects using…
6 January 2022
Eco Wave Power Announces Key Milestone, Progresses Toward the Final Stages of the EWP-EDF One Project Installation
Eco Wave Power Global AB announced the first set of floaters and supporting structures for Eco Wave Power’s grid-connected EWP-EDF One project have been delivered to the Jaffa Port project site in Israel, marking a key milestone in the development of this innovative wave energy array. The floaters were delivered…
6 January 2022
Magseis Fairfield receives conditional award of OBN contract
Magseis Fairfield announces the conditional award of an Ocean Bottom Node (OBN) survey from a repeat customer. Start-up is expected in Q3 2022, and the project will run for approximately two months. “We are pleased to see continued high demand for our OBN acquisition services. With this award we are…
6 January 2022
Nigeria – PGS Starts New MegaSurveyPlus Reprocessing
PGS has added 10 700 sq. km of 3D MultiClient data to its data library coverage of the Niger Delta, kick-starting a major reprocessing project. This will be the cornerstone of a new regional-scale MegaSurveyPlus dataset for Nigeria. Final data will be ready Q4 2022. Nigeria MegaSurveyPlus extension area 2022…
6 January 2022
Neptune Energy’s new digital twins support Dutch New Energy projects
Neptune Energy announced the development of new “digital twins” of two platforms in the Dutch North Sea, which will accelerate work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore. They will also support planning of Neptune’s major Carbon Capture and Storage project in the L10…
5 January 2022
ADNOC Invests Close to USD1 Billion in the Long Term Development of Umm Shaif Field
Abu Dhabi National Oil Company (ADNOC) announced today the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s oil production capacity plans of five million barrels per day (mmbpd) by 2030 while…
5 January 2022
Valaris Announces Contract Awards
Valaris Limited (NYSE: VAL) announced that it has been awarded the following new contracts: One-well contract with Kosmos Energy in the U.S. Gulf of Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in February 2022 with an estimated duration of 105 days. One-well contract with Western Gas…
5 January 2022
Yinson-PTSC JV receives 6-month extension of charter contract for FPSO PTSC Lam Son
Yinson Holdings Berhad (“Yinson” or the “Group”), through its joint venture company with PetroVietnam Technical Services Corporation (PTSC), PTSC Asia Pacific Pte Ltd (PTSC AP), has received a 6-month extension for the Bareboat Charter Contract for FPSO PTSC Lam Son. The extension is part of the addendum entered into by…
5 January 2022
Panoro Energy: Extension of Long Stop Date for Sale of Aje
Panoro Energy ASA (“Panoro” or the “Company”) with OSE Ticker: “PEN”) and PetroNor E&P Limited (“PetroNor”) have agreed to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited ("Pan Aje") ("the Transaction"). The…
5 January 2022
Drilling permit for wells 25/2-23 S, 25/2-23 A and 25/2-23 B
The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA a drilling permit for wells 25/2-23 S, 25/2-23 A and 25/2-23 B, cf. Section 13 of the Resource Management Regulations.
5 January 2022
Lime Petroleum’s 20 per cent farm-in to two North Sea licences completed
Rex International Holding Limited, a technology-driven oil company, refers to its 10 August 2021 press release and wishes to announce that it has received confirmation from its subsidiary Lime Petroleum AS (“Lime”) that Lime’s 20 per cent farm-in to each of the respective licences PL867 and PL867B Gjegnalunden in the North…
5 January 2022
Pioneering Spirit installs Hollandse Kust (zuid) Alpha topsides
Allseas has strengthened its ambition to become a key contractor in the offshore renewables market with the seamless installation of a transformer station for an offshore grid that connects a major offshore wind farm area to the Dutch mainland. Pioneering Spirit successfully installed the “Alpha” high-voltage convertor platform for the…
5 January 2022
Dunottar exploration well result
Harbour Energy has completed the drilling of the Dunnottar exploration well (30/8-4) in licence P2399 in the UK North Sea. The well reached a total measured depth of 15,639 feet encountering hydrocarbon-bearing intervals in the Palaeocene, Jurassic and Triassic. The commerciality of these marginal accumulations will be assessed. In the…
24 December 2021
Thistle decommissioning approval
In December the Thistle Alpha topsides decommissioning program was granted final stage approval. More
24 December 2021
C-Kore celebrates successful umbilical monitoring campaign with Vår Energi in Norway
C-Kore Systems successfully completed an umbilical monitoring campaign for Vår Energi on their Balder Future project in Norway. The C-Kore Cable Monitor units were used to test the insulation resistance and continuity of the umbilical electrical lines during installation. With their automated test routine, the C-Kore units quickly and repeatedly…
24 December 2021
Contract for CSV Normand Maximus
Solstad Offshore ASA has entered into a contract with a major energy company for the CSV Normand Maximus. The contract has immediate commencement and will utilize the vessel for the main part of 1Q2022.
24 December 2021
Contract extension for Viking Queen
Equinor Energy AS has declared options to extend the contract for the supply vessel Viking Queen from end of January 2022 in direct continuation of the current contract, extending the firm period to end of May 2022, with options for further extensions.
24 December 2021
Blue Logic awarded frame agreement with Equinor
Blue Logic has been awarded a Frame Agreement by Equinor for “Delivery of subsea docking stations, subsea equipment and services” This is a big achievement and milestone for Blue Logic, and the company looks forward to a close and good relationship with Equinor says managing director Stig Magnar Lura Equinor…
24 December 2021
Tata Steel products to be used in world’s largest offshore wind farm
UK-made steel from the country’s largest producer Tata Steel is playing a role in helping create the world’s largest offshore wind farm Capable of providing green energy for six million homes in the UK, the Dogger Bank Wind Farm is due to be complete by 2026. The wind farm is…
24 December 2021
OKEA: Operational update - first lifting of oil from the Yme field completed
The first lifting of oil from the Yme field was completed, on the 22nd of December. A total volume of 100,000 barrels was lifted, of which OKEA will be allocated 15,000 barrels. Further commissioning of process systems and start-up of additional wells will continue over the next weeks which will…
24 December 2021
Farm-out agreement Offshore Suriname Block 5
Paradise Oil Company (POC), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., retains its non-operated participating interest of 40%. The details of the deal, signed on 17 December, are not disclosed. Staatsolie welcomes the participation of a renowned party such as Shell in Block 5. The farm-out underlines the…
23 December 2021
Reabold Resources plc Victory - Submission of Draft Field Development Plan
Reabold, the AIM investing company focused on upstream oil and gas projects, is pleased to provide an update on the Victory Gas Discovery ("Victory"), which is located ca. 50 kilometres northwest of the Shetland Isles. Reabold has a 49.99 per cent. interest in Corallian Energy Limited ("Corallian"), which has a…
23 December 2021
Celtic Sea pioneer submits consent applications for Erebus floating offshore wind farm
Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group, submits consent applications for its 100MW Erebus floating offshore wind project.With floating wind and the Celtic Sea poised to play a critical role in UK and Welsh Government Net Zero targets, the first-ever consent applications for floating offshore…
23 December 2021
AGR’s Well Management UK merges with SpotOn Energy
SpotOn Energy Holding AS has completed a transaction with AGR AS (“AGR”) to acquire AGR Well Management Limited (“AGR Well Management”), the Scotland registered Well Management division of AGR. As part of the transaction, AGR has received 20% ownership in SpotOn Energy, which will strengthen the cooperation between AGR and…
23 December 2021
Solstad Offshore receives a major grant from Innovation Norway
Solstad Offshore ASA (“Solstad” or “Company”) targets a 50% global fleet emission reduction by 2030. Over the next 3 years the Company will be investing more than 300 million NOK in battery hybrid conversion projects linked to a grant award of 87 MNOK from Innovation Norway. A total of 11…
23 December 2021
Aker Solutions Formally Signs Heimdal and Veslefrikk Decommissioning Award
Reference is made to the stock exchange announcement on March 18, 2021, where Aker Solutions announced receiving a letter of intent for decommissioning work in Norway. Aker Solutions has now formally signed a sizeable1 award with Heerema Marine Contractors. The scope includes reception, dismantling and recycling of three offshore installations…
23 December 2021
Nordic Unmanned awarded breakthrough offshore logistics contract with Equinor
Nordic Unmanned has been awarded a contract with Equinor for offshore drone services on the Norwegian Continental Shelf. Fully utilized, the contract value is EUR 2.7 million including options over the next 12 months with immediate start-up 3 January 2022. The award represents one of the largest drone logistics contracts…
23 December 2021
Havila Shipping ASA: Contract with TotalEnergies EP Denmark for the PSV Havila Fanø
Havila Shipping ASA has entered into a new contract with TotelEnergies EP Denmark A/S the PSV vessel Havila Fanø. The contract is for a firm period of 14 months, with further optional periods. The contract is in direct continuation of existing contract starting today.
23 December 2021
ADNOC and TAQA Announce $3.6 Billion Project to Power and Decarbonize Offshore Operations
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations, further strengthening ADNOC and TAQA’s position in driving and leading sustainability efforts and supporting the United Arab Emirates (UAE) ‘Net-Zero by 2050 Strategic…
22 December 2021
On track in the USA: Siemens Gamesa & Dominion Energy announce next step on 2.6 GW Coastal Virginia project
Massive Coastal Virginia Offshore Wind commercial project moves ahead 176 SG 14-222 Direct Drive offshore wind turbines intended to be used; 10-year Service agreement included Installations of world’s largest offshore wind turbine in operation expected to be completed by end of CY2026 Plans for Siemens Gamesa offshore wind turbine blade…
22 December 2021
Creating the leading E&P company of the future Combining AkerBP and Lundin Energy
Lundin Energy AB (Lundin Energy or the Company) is pleased to announce that the Board of Directors of Lundin Energy and AkerBP have reached an agreement on a combination (Combination Proposal) to create the leading European independent E&P company (the Combined Company) with a world class asset base, industry leading…
22 December 2021
Wood secures $160m of UK North Sea contract wins in Q4 2021, strengthening position as leading partner for asset operations
Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. The series of awards, collectively valued at around $160m, will see…
22 December 2021
Longboat Energy plc Copernicus Rig Contract
Longboat Energy, the emerging full-cycle North Sea E&P company with a portfolio of significant, nearterm, low-risk exploration assets, including three discoveries to date, is pleased to announce that a rig contract has been signed for the drilling of the Copernicus exploration well (Company 10%). Copernicus (PL 1017) will be drilled…
22 December 2021
Contract award for PSVs “Siem Pilot” and “Siem Thiima”
Siem Offshore has entered into a contract with a long term client in Australia for the PSVs “Siem Pilot” and “Siem Thiima”. The contract for “Siem Pilot” covers a firm period of 572 days plus options, whereas “Siem Thiima” has been awarded a 3 year firm contract plus options. Both…
22 December 2021
Drydocks World completes conversion project that will contribute to renewable energy development
Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors recently completed its latest conversion project for Boskalis. The former ship, now a crane vessel named BOKALIFT 2 has been converted in preparation for carrying out a variety of offshore operations. Its maiden project will…
22 December 2021
2021 global oil and gas discoveries projected to sink to lowest level in 75 years
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows. As of the end of November, total global discovered volumes this year are calculated at 4.7…
22 December 2021
Fugro's new environmental lander technology deployed in the Red Sea
Fugro has deployed two new autonomous environmental landers off the coast of Saudi Arabia to collect oceanographic data in deep and remote areas of the Red Sea. Fugro deepwater Lander deployed into the Red Sea The yearlong effort is being performed in collaboration with King Abdullah University of Science and…
21 December 2021
GC Rieber Shipping: Sale of vessel
GC Rieber Shipping has entered into an agreement to sell the SURF / Construction Vessel Polar Onyx, built at Ulstein Verft in 2014. The sale includes the VLS tower onboard the vessel. The buyer is offshore wind service conglomerate Dong Fang Offshore Co., Ltd, and Hung Hua Construction Co., Ltd.…
21 December 2021
Nexans wins contract to supply offshore wind farm Moray West project with the high voltage export cable solution helping achieve Scotland’s commitment to achieve net zero target
Nexans has won a significant turnkey contract of with Ocean Winds to design, manufacture, install and protect the 220kV subsea and onshore export cable system for the Moray West offshore windfarm project. Nexans cabling solution will connect the wind farm to the national grid, delivering electricity to up to 650,000…
21 December 2021
Neptune Energy awards contract extension to Petrofac for UK services
Neptune Energy announced the award of a two-year contract extension to Petrofac for engineering services for the Neptune-operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. Petrofac will provide a range of brownfield engineering, procurement, construction and commissioning services for the Cygnus field. It follows the award…