Search News
Latest News
3 December 2021
Siccar Point Energy underlines importance of Cambo for UK energy security
Siccar Point Energy confirms that its partner in the Cambo development Shell hastaken the decision to not progress its investment at this stage. Jonathan Roger, CEO of Siccar Point Energy said: “Cambo remains critical to the UK’s energy security and economy. Whilst we are disappointed at Shell’s change of position,…
3 December 2021
Magseis Fairfield awarded OBN contract in the Gulf of Mexico
Magseis Fairfield announces the award of a 4D Ocean Bottom Node (OBN) survey in the Gulf of Mexico from a repeat customer. The survey will be conducted with Magseis Fairfield’s ZXPLR technology. Start-up is planned for Q1 2022, and the total duration is expected to be approximately two months. The…
3 December 2021
PGS ASA: Significant 4D Survey in Brazil
PGS is scheduled to start a significant 4D 22acquisition survey for Petrobras over the Roncador and Albacora Leste fields offshore Brazil in Q2 2022. Acquisition is expected to complete in Q3 2022. The contract was awarded earlier and is already included in PGS reported order book. "We are very pleased…
3 December 2021
Proserv and Houston’s Trendsetter Engineering pen MoU to expand offering
Leading global controls technology company Proserv Controls and Trendsetter Engineering, a premier provider of specialised subsea solutions for oil and gas companies around the world, have signed a Memorandum of Understanding (MoU) relating to the joint marketing and supply of integrated subsea hardware and controls. The mutually beneficial arrangement will…
3 December 2021
Rotech Subsea completes cable de-burial and post-lay trenching works at London Array OWF
Rotech Subsea has completed key de-burial and post-lay trenching works in the outer Thames Estuary for a major marine services player. The works, on the London Array offshore wind farm, further establishes the company as the sector-leader in Controlled flow excavation (CFE) and suspended jet trenching. In Q3, 2021, Rotech…
2 December 2021
Ørsted takes final investment decision on two German offshore wind farm
Ørsted’s Board of Directors has taken final investment decision (FID) on the two German offshore wind farms Gode Wind 3 (242 MW) and Borkum Riffgrund 3 (900 MW) which are expected to be commissioned in 2024 and 2025, respectively. Rasmus Errboe, Head of Region Continental Europe at Ørsted, said: “Borkum…
2 December 2021
Keppel Offshore & Marine signs global framework agreement with Ørsted on potential future offshore substation projects
Keppel Offshore & Marine Ltd's (Keppel O&M) wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS) has signed a global framework agreement with Ørsted to potentially undertake future offshore substation (OSS) projects. The agreement is part of a strategic initiative to strengthen the long-term partnership of the two companies and streamline processes…
2 December 2021
Wells Insight Report reveals activity slowdown in the UK North Sea and untapped potential in well maintenance
The second Wells Insight report, published today by the Oil and Gas Authority, highlights significant opportunities remaining in the Basin, despite Covid resulting in a slowdown in 2020. The interactive, searchable publication reveals that the number of Exploration and Appraisal wellbores spudded has declined steadily (nine in 2020, down from…
2 December 2021
Seadrill Limited (SDRL) – Third Quarter 2021 Market Update
Seadrill Limited, a world leader in offshore drilling provides a market update for the third quarter of 2021. During the quarter, Seadrill continued to sign high-quality contracts contributing $145m to backlog, reflecting the depth of its customer relationships. Total backlog as of September 30, 2021 stood at $2.1bn. Highlights during…
2 December 2021
Ashtead Technology enters into a global partnership with Whitecap Scientific
International subsea equipment rental and solutions specialist Ashtead Technology has entered into a global partnership with Whitecap Scientific Corporation, developers of ROV3D Recon. ROV3D Recon is a ‘plug and play’ computer vision solution that transforms subsea video collected by remotely operated vehicles (ROVs) into real-time 3D data. ROV3D Recon allows…
2 December 2021
ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition
ConocoPhillips announced that it has completed its acquisition of Shell Enterprises LLC’s prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021. The assets include ~225,000 net acres and producing…
2 December 2021
Equinor and partner reach financial close on the third phase of the world's biggest offshore wind farm
Dogger Bank wind farm owners, Equinor and SSE, have today announced financial close on the third phase of the project, Dogger Bank C. The terms achieved are some of the best ever for a construction offshore wind project in the UK. “Reaching financial close on the third phase of Dogger…
2 December 2021
President Energy PLC operations update Drilling success in Salta, Argentina
President Energy, the energy company with a diverse portfolio of energy assets provides an update on its oil and gas operations in Argentina and Louisiana Highlights · Drilling of well DP-2001 reached the target depth safely with electric logging concluded · The logs show the well is virtually analogous to…
1 December 2021
TetraSpar Demonstrator, the world’s first fully industrialized floating offshore foundation, is now commissioned and in operation
The pioneering floating wind project, TetraSpar Demonstrator, is commissioned and in operation, anchored in place at 200 m water depth off Norway’s coast. The project will now enter its test phase where data on the performance and characteristics of the TetraSpar floating foundation will be captured and analyzed to pave…
1 December 2021
PETRONAS Awards FEED Contracts for Sabah's Nearshore LNG Project
PETRONAS has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to SAIPEM Spa as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah. The project, with a minimum capacity of 2.0 million tonnes…
1 December 2021
Petrobras on Campos Basin E&P asset
Petrobras, following up on the release disclosed on October 22, 2021, informs the beginning of the binding phase regarding the sale of the totality of its stakes (100%) in the Catuá Field, belonging to Exploratory Block BC-60, located in the Campos Basin, State of Espírito Santo. Potential buyers qualified for…
1 December 2021
Orcadian Energy plc Concept Select Study for the Pilot Field
Orcadian Energy, the North Sea focused oil and gas development company, is delighted to announce that it has received a “Letter of no objection” from the Oil and Gas Authority in respect of the development concept for the Pilot field. This letter signals the finalisation of the “Assessment phase” and…
1 December 2021
Chariot Limited Rig Mobilisation Moroccan gas appraisal well operations to commence in mid-December 2021
Chariot (AIM: CHAR), the Africa focused transitional energy company, is pleased to announce that the Stena Don drilling rig has commenced its mobilisation to Morocco. Chariot has contracted this rig to conduct drilling operations on the Anchois gas field within the Lixus licence, offshore Morocco, with operations anticipated to commence…
1 December 2021
Akatara gas sales agreement signed
Jadestone Energy plc (the “Company”), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce that a gas sales agreement (“GSA”) for the Akatara field, located within the Lemang production sharing contract (“PSC”), was signed today at an industry conference in Indonesia.Paul Blakeley, President…
1 December 2021
Neptune Energy uses innovative technology for decommissioning work
Neptune Energy today announced the award of a decommissioning contract to Maersk Supply Service (MSS) for the Juliet field in the UK Southern North Sea, which will deploy innovative technology to reduce the time and costs associated with the removal of the subsea infrastructure. Piping spools and umbilicals will be…
1 December 2021
BW Ideol acquires 5% ownership in 30 MW EolMed floating wind pilot project
BW Ideol has signed an agreement to acquire a 5% ownership in the 30MW EOLMED floating wind pilot project in the French Mediterranean. This investment confirms the company’s dual-track growth strategy as co-developer of floating wind projects and as floating foundation EPCI provider. BW Ideol and Qair have been cooperating…
30 November 2021
Taiwan: production start-up of the Yunlin offshore wind farm
TotalEnergies announces the start of power generation from the first turbine of the Yunlin offshore wind farm in Taiwan. TotalEnergies joined this project, operated by wpd, with a 23% interest in May 2021 alongside EGCO Group and a consortium of Japanese investors led by Sojitz. The Yunlin offshore wind farm…
30 November 2021
Government must give green hydrogen the opportunity to flourish
RenewableUK has submitted responses to the Government’s consultations on low carbon hydrogen, highlighting the fact that green hydrogen generated from renewables has a key role to play in reaching net zero as quickly as possible. The trade association is also setting up a new working group of industry leaders to…
30 November 2021
Seanovent and Strohm join forces to deliver green hydrogen transfer solution for renewable energy sector
Seanovent Engineering AS and Strohm have entered a memorandum of understanding (MOU) to collaborate on offshore wind-to-hydrogen developments to support a reliable, faster and cheaper green energy transition around the world. The partnership will focus on developing safe and dependable hydrogen transfer solutions which enable and improve the distributed green…
30 November 2021
Equinor sells its non-operated position in the Corrib gas project in Ireland
Equinor has entered into an agreement with Vermilion Energy Inc for the sale of the company’s non-operated equity position in the Corrib gas project in Ireland. The transaction is organised through a share sale of Equinor Energy Ireland Limited, a company 100% owned by Equinor ASA. Equinor owns 36.5% of…
30 November 2021
PETRONAS Announces Second Gas Discovery in Baram Province, Offshore Malaysia
PETRONAS announced a gas discovery from its Nangka-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, about 180 kilometres off the coast of Sarawak, offshore Malaysia. The Nangka-1 well was successfully drilled to a total depth of 3,758 metres in September 2021. The sweet…
30 November 2021
Petrobras on FPSO Mero 4
Petrobras, following up on the release disclosed on 08/02/2021, informs that it signed today contracts with the company SBM Offshore for the chartering and provision of services of the FPSO Alexandre de Gusmão, the fourth definitive system to be installed in the Mero field, located in the pre-salt of the…
30 November 2021
Buffalo project update
Carnarvon Energy Limited (“Carnarvon”) (ASX:CVN) provides the following update on the Buffalo project. The Carnarvon operations team is ready to receive the Valaris JU-107 jack-up rig to commence drilling at the Buffalo-10 well-site. Logistics teams are in place, and all appropriate support services and equipment have been contracted. The last…
30 November 2021
PXGEO completes Santos Basin 4D baseline OBN acquisition
PXGEO has successfully completed the Sapinhoa 4D Baseline OBN program for the BMS-9 consortium, operated by Petrobras, in the deep water Santos Basin, offshore Brazil. The 4-month project utilizing PXGEO’s proprietary Manta OBN technology was completed safely and efficiently around the end of October 2021, within the agreed project schedule.…
29 November 2021
CNOOC Limited Announces Buzzard Phase II Development Commenced Production
CNOOC Limited (the “Company”, SEHK: 00883, TSX: CNU) announced today that the Buzzard Phase II development, offshore UK North Sea has safely commenced production. Buzzard Phase II is located approximately 100 kilometers northeast of Aberdeen, United Kingdom with average water depth of approximately 96 meters. While fully utilizing the existing…
29 November 2021
The Danish Energy Agency invites bidders to draw lots to identify the bid winner for Thor Offshore Wind Farm
The Danish Energy Agency invites a number of bidders to draw lots to identify the winner for Thor Offshore Wind Farm, as more than one bidder has offered the minimum price of 0,01 øre/kWh and largest wind farm capacity. More than one bidder has offered to build Thor Offshore Wind…
29 November 2021
Van Oord to install scour protection at Seagreen offshore wind farm
Seaway 7, the main Seagreen contractor, have contracted Van Oord to install scour protection around the 114 wind turbine foundations at the Seagreen offshore wind farm. This wind farm is located 27 kilometres off the coast of Angus in Scotland. The wind turbines for this 1.1 GW offshore wind farm…
29 November 2021
Bladt Industries sign significant offshore wind contract with Vattenfall
The Danish renewable energy company Bladt Industries have announced winning the contract to deliver Transition Pieces (TP) for the two Danish offshore wind farms, Vesterhav Syd and Vesterhav Nord. Vattenfall awarded Bladt Industries a contract for the fabrication of 41 transition pieces (TP) for the Vesterhav project, 21 units for…
29 November 2021
Acquisition of JX Nippon Exploration and Production (U.K.) Limited
NEO Energy today announces it has signed an agreement to acquire 100% of the share capital of JX Nippon Exploration and Production (U.K.) Limited (“JX UK”). JX UK holds non-operated interests in multiple producing fields and associated infrastructure in the UK North Sea including a 20% interest in the Mariner…
29 November 2021
Option Agreement for OML 141 RSC in Nigeria
Zenith Energy Ltd. , the Africa focused production and development energy company, has announced that it has entered into an Option Agreement (the “Option”) with Noble Hill-Network Limited ("NHNL"), a private Nigerian oil and gas company. NHNL is the sole, 100% holder of a Risk Service Contract (“RSC”) for the…
29 November 2021
Nexans enters into €200 million loan facility with European Investment Bank – an enabler to accelerate Nexans’ ability to lead energy transition
The European Investment Bank (EIB) has granted a €200 million loan facility to Nexans to accelerate its active role in the world’s energy transition and commitment to contribute to carbon neutrality by 2030. The EIB loan covers financing of R&D and new product developments, investments aiming at increasing digital plants…
29 November 2021
bp plans major green hydrogen project in Teesside
bp today confirmed it is planning a new large-scale green hydrogen production facility in the North East of England that could deliver up to 500Mwe (megawatt electrical input) of hydrogen production by 2030. To be developed in multiple stages, HyGreen Teesside is expected to match production to demand and build…
26 November 2021
Investing NOK 10 billion in further developing the Oseberg field
The Oseberg Area Unit partners will reduce CO2 emissions from the Oseberg Field Centre and the Oseberg South platform while increasing Oseberg gas production. An amended plan for development and operation (PDO) has been submitted to the minister of petroleum and energy Marte Mjøs Persen. Oseberg will be developed from…
26 November 2021
Seaway 7 celebrates build milestone for Wind Turbine Installation Vessel and announces vessel name
Seaway 7 is pleased to announce that today the steel cutting ceremony took place for its next generation Wind Turbine Installation Vessel (WTIV) at the China Merchants Heavy Industry (CMHI) facility in Jiangsu, China. The ceremony marks the first major milestone in bringing its GustoMSC NG-14000XL-G jack-up vessel to the…
26 November 2021
NOPSEMA expands regulatory functions to include offshore infrastructure
Today the Offshore Electricity Infrastructure Bill was passed in the senate granting the regulatory remit of the Offshore Infrastructure Regulator to NOPSEMA. The Offshore Infrastructure Regulator has primary responsibility for oversight of work health and safety, environmental management, infrastructure integrity and financial security for offshore renewable energy and offshore electricity…
26 November 2021
CGG Delivers New Multi-Client Screening Study for CO2 Storage Sites in UK and Norway Northern North Sea
CGG has released a new GeoVerse™ Carbon Storage screening study to support CCUS operators in quickly identifying suitable CO2 storage sites. This Northern North Sea study, available for license, provides an in-depth review of potential CO2 storage plays in a region extending over CGG’s North Viking Graben 3D seismic dataset,…
26 November 2021
Petrobras expands investments to $68 billion in the Strategic Plan 2022-2026
Petrobras' Board of Directors approved, on Wednesday (11/24), the Strategic Plan for the five-year period 2022-2026 (PE 2022-26). Over the next five years, the company foresees investments of $68 billion, an amount 24% higher than the same period of the previous plan."Petrobras maintains its consistent strategy of focusing on projects…
25 November 2021
LS Cable & System and Jan De Nul Group announce completion of submarine power cables for TenneT’s offshore projects
LS Cable & System and Jan De Nul Group announce the completion of the first lot of submarine power cables for TenneT’s offshore projects Hollandse Kust (noord) and (west Alpha) in the Netherlands. Jan De Nul’s cable laying vessel Isaac Newton will load the 220 kV AC cables from LS…
25 November 2021
AML3D 3D prints world’s largest, verified Oil & Gas piping component
AML3D, a global provider of large-scale metal additive manufacturing technology and solutions, has 3D printed the world’s largest high-pressure Oil & Gas piping component to be successfully tested and verified by Lloyd’s Register. This demonstrator component was printed as part of AML3D’s internal development program and it showcases capabilities in…
25 November 2021
Deltic Energy Plc Licence P2428 - Completion of 3D Seismic Survey
Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact, natural gas focussed exploration and appraisal portfolio in the Southern North Sea, is pleased to announce that the 3D seismic survey over Licence P2428 and surrounding areas has now been completed. Following the announcement of Deltic's…
25 November 2021
Magseis Fairfield conditional award for a 4D OBN contract in the North Sea
Magseis Fairfield announces the conditional award of a 4D Ocean Bottom Node (OBN) survey in the North Sea. The survey will be conducted with Magseis Fairfield’s Z700 technology. Start-up is expected in Q2 2022, and the project will run for approximately one month. “The survey will commence following completion of…
25 November 2021
Neptune Energy extends drilling contract with Odfjell Drilling
Neptune Energy today announced it has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig, to include three additional wells in the Norwegian North Sea next year The Deepsea Yantai is currently drilling the production wells at the Neptune-operated Fenja field in the Norwegian Sea. The extension will include…
25 November 2021
Saipem: awarded a new offshore contract for the Búzios 7 project in Brazil, worth approximately 940 million USD
Saipem has been awarded by Petrobras a new SURF EPCI contract for the installation of a rigid riser-based subsea system for the Búzios 7 project, to serve the pre-salt field located about 200 km offshore the state of Rio de Janeiro, in water depths of around 2,000 meters. The project…
25 November 2021
Serica: Columbus first production
Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company with operations centred on the UK North Sea and over 80% gas production, provides the following update on its Columbus field, located in the Central North Sea. We are pleased to announce that first production has been…
25 November 2021
Neptune Energy completes Seagull manifold installation
Neptune Energy and its joint venture partners, bp and JAPEX, have completed the safe and successful installation of the manifold and umbilical for the Seagull project in the UK Central North Sea. TechnipFMC, working under the Neptune Energy Alliance Agreement, undertook the construction activities on the development from the CSV…