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6 September 2021
Petrofac secures Libya EPCC contract
Petrofac has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities. The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines…
6 September 2021
Multiple PSV contracts in West Africa
Solstad Offshore ASA is pleased to announce multiple new medium-term contracts in West Africa. Letter of Agreements have been signed with key clients for 7 PSVs, all with commencement Q4 2021 / Q1 2022. The total firm duration of the contracts is approximately 1,000 vessel days with options to extend…
6 September 2021
TechnipFMC Announces Sale of Stake in Technip Energies N.V.
TechnipFMC plc (the “Company”) (NYSE:FTI) (PARIS:FTI) announced the sale of 17.6 million Technip Energies N.V. shares (the “Shares”) through a private sale transaction (the “Sale”) with HAL Investments, the Dutch investment subsidiary of HAL Holding, N.V (“HAL”). The sale price of the Shares in the Sale is set at €11.15…
6 September 2021
KazMunayGas and Shell Agree on Cooperation in Carbon Capture, Utilization and Storage
JSC “NC KazMunayGas (KMG) and Shell Kazakhstan B.V. (Shell) signed a Memorandum of Cooperation in the area of CO2 Capture Utilization and Storage Technology (CCUS). The Signing Ceremony was attended by KMG Board Chairman Alik Aidarbayev and Senior Vice President and Shell Kazakhstan Country Chair German Burmeister. The Memorandum provides…
6 September 2021
McDermott Installs Largest and Heaviest Jacket and CPP Topside in Vietnam
McDermott has completed the transportation and installation subcontract of the Sao Vang and Dai Nguyet (SVDN) gas and condensate field developments in the Nam Con Son Basin, offshore Vietnam. The EPCIC contractor was PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C). The subcontract was awarded to McDermott by PetroVietnam…
3 September 2021
Offshore wind: New Ocean Grid project in the North Sea
The Norwegian Minister of Trade and Industry, Iselin Nybø, announced that the Ocean Grid project will get financial support of 82.7 million NOK, through the Green Platform scheme. The project will develop new technology, knowledge and solutions to enable a profitable development of offshore wind on the Norwegian continental shelf.…
3 September 2021
BOURBON wins new integrated logistics contracts with SHELL in Namibia
BOURBON announces today that it has been awarded by SHELL a fully integrated logistics package contract comprising of international freight forwarding, integrated logistics services and PSV (Platform Supply Vessel) services to support two deepwater offshore exploration campaigns in Namibia and Sao Tomé. The project’ s scope covers: the international shipment…
3 September 2021
Contract award Skandi Achiever and restructuring update
DOF Subsea is pleased to inform that the diving support vessel Skandi Achiever has been awarded a contract extension with Petrobras for ROV and diving services until 4th quarter 2022.As disclosed in the 2nd quarter Financial Report, DOF Subsea has entered into a settlement agreement with a secured lender, subject…
3 September 2021
Contract extension for CSV Normand Tonjer
Solstad Offshore ASA is pleased to announce a new two-year firm contract for the CSV Normand Tonjer until October 2023. The vessel has been working for the same client since 2018.
3 September 2021
Swan Hunter Completes Umbilical Spooling Operations for Aker Solutions Lingshui Project
Swan Hunter have successfully completed operations in China for client Aker Solutions. Swan Hunter were awarded two contracts for the project, namely for supply of a 2000Te carousel, and for supply of equipment operating technicians and field engineers for transpooling operations of the Aker Solutions supplied umbilicals between the Aker…
3 September 2021
Rig contract signed for Buffalo-10 well
Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to advise that the VALARIS JU-107 jack-up drilling rig has been contracted for the Buffalo-10 drilling operations. The drilling operations are expected to commence once the rig has completed its current operations. The rig is currently operating in the Timor Sea, around 300km…
3 September 2021
GDG expands European Presence with Netherlands Office
International engineering consultancy, Gavin & Doherty Geosolutions Ltd (GDG), is delighted to announce the opening of its first office in The Netherlands. In the 10 years since its inception in Dublin, GDG has been successfully providing services to the international offshore wind market from offices throughout the UK and Ireland.…
3 September 2021
BASF completes purchase of 49.5% of the offshore wind farm Hollandse Kust Zuid from Vattenfall
Following the approval of all relevant authorities, BASF has today successfully completed the purchase of 49.5% of the offshore wind farm Hollandse Kust Zuid from Vattenfall. The closing of the transaction, originally expected for the fourth quarter of 2021, was completed earlier than planned. According to the agreement BASF and…
2 September 2021
Serica Energy plc (“Serica” or the “Company”) First Production from Rhum R3 Well
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, has announced the commencement of production from the Rhum R3 well. First production from the well was achieved on 23 August and since then work…
2 September 2021
Neptune Energy carries out first Walk to Work campaign at Cygnus gas field
Neptune Energy announced the start of the first Walk to Work (W2W) campaign at its operated Cygnus gas field in the UK Southern North Sea. A programme of brownfield modifications, maintenance and inspection activities will be supported by Bibby Marine’s WaveMaster 1 vessel, reducing time, costs and environmental impacts. The…
2 September 2021
Solveig secures consent for start-up
The authorities have granted consent for start-up of the Solveig field in the North Sea. Operator Lundin plans to start up the field this autumn. Solveig (PL 359 LINK) will produce from subsea production facilities tied into the Edvard Grieg field, 15 kilometres away. The oil and gas will be…
2 September 2021
Eni announces a major oil discovery in block CI-101, offshore Ivory Coast
Eni announces a major oil discovery in block CI-101 offshore Ivory Coast. The block is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase. The discovery well has been drilled on the Baleine prospect, with the support of the Government in the difficult…
2 September 2021
New leasing process to decarbonise oil & gas and boost innovation
Crown Estate Scotland will launch a new leasing process for offshore wind farms to help decarbonise Scotland’s oil and gas sector. The announcement follows the opening of the Scottish Government’s consultation on a new planning process which will inform the areas to be made available for seabed leases. In addition…
2 September 2021
Hellenic Cables to supply 66 kV array cables for Vesterhav offshore wind farm, which covers the annual electricity demand of 380,000 Danish households
Hellenic Cables, the cables segment of Cenergy Holdings, has been awarded by the Swedish power company, Vattenfall, the design, manufacturing, testing, and supply of approximately 70 km 66kV XLPE insulated inter-array cables and associated accessories for Vesterhav Nord / Syd offshore wind farm project. Vesterhav project consists of two wind…
2 September 2021
CHC Helicopter Completes Acquisition of Babcock International’s Offshore Operations
CHC Helicopter Group (CHC) one of the world’s leading helicopter services and maintenance, repair and overhaul providers, announced today the completion of its acquisition of Babcock International’s offshore oil and gas aviation business. The acquisition reinforces CHC’s global position, increases its offshore crew transportation capacity and expands its fleet by…
2 September 2021
TAQA Group to Conduct Strategic Review of Its International Oil and Gas Business
Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in the region, announced today that it has initiated a strategic review of its oil and gas operations. Since 2005, TAQA has built a high-quality portfolio of upstream and midstream operations in the UK North…
1 September 2021
The UK faces a stark energy choice: Invest in its offshore industry to build energy security, jobs, and a managed green transition – or rely on other countries for its energy needs, a report has warned
The UK’s gas imports hit a record high in winter 2021 – underlining the need to manage the nation’s transition to green energy while minimising reliance on other countries, according to the annual Economic Report from OGUK, which represents the country’s oil and gas industry. It found that the UK…
1 September 2021
Delineation of the 25/2-21 (Liatårnet) oil discovery northeast of the Alvheim field in the North Sea
Aker BP ASA, operator of production licence 442, has concluded the drilling of appraisal well 25/2-22 S on the 25/2-21 (Liatårnet) oil discovery. The well was drilled about 40 kilometres northeast of the Alvheim field in the North Sea, and about 200 kilometres northwest of Stavanger. Discovery 25/2-21 (Liatårnet) was…
1 September 2021
TechnipFMC and DOF Subsea Awarded Significant Long-term Contracts by Petrobras
TechnipFMC (NYSE: FTI) (PARIS: FTI) and its joint venture (JV) partner DOF Subsea (OSE: DOF) have been awarded significant(1) long-term charter and services contracts by Petrobras (NYSE: PBR) for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação Ltda, a…
1 September 2021
MAN Energy Solutions to deliver subsea compression technology for Jansz-Io
Aker Solutions has awarded MAN Energy Solutions the contract to supply five subsea compressor units to the Jansz-Io field, located around 200 km off the north-western coast of Western Australia at water depths of approximately 1,400 m. “We are extremely honored to be part of this next exciting chapter for…
1 September 2021
Kistos plc ("Kistos" or the "Company") Successful Vlieland flow test and potential renewable energy acquisition
Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition is pleased to provide an update on the initial results of the appraisal of the Vlieland sandstone formation in the Q07 and Q10 blocks, offshore the Netherlands. This was…
1 September 2021
CRP Subsea successfully deliver a major contract to supply an ultra-deepwater buoyancy solution in Brazil
CRP Subsea has successfully delivered a contract providing more than 140 Distributed Buoyancy Modules (DBMs), which are understood to be the biggest in the world. They will be used in the ultra-deepwaters creating steel lazy wave riser (SLWR) configurations, protecting steel pipelines from stress and fatigue. The project incorporates several…
1 September 2021
Expro completes first subsea abandonment intervention riser project with drilling contractor for Petronas operations in Mauritania
Expro, a leading international oilfield services company, announced it has successfully completed an integrated Plug and Abandonment (P&A) contract valued at more than $20 million for a subsidiary of PETRONAS, PC Mauritania 1 Pty Ltd (PCMPL), which manages offshore operations in Mauritania, West Africa. The well intervention scope of the…
1 September 2021
Abu Dhabi Offshore Exploration Block Awarded to a Consortium led by Pakistan Petroleum Limited in Historic Concession Agreement
The Abu Dhabi National Oil Company (ADNOC) announced, the signing of a historic exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies – Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil and Gas Development Company Limited (OGDCL),…
31 August 2021
Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") Update re GBA Development Project
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to provide an update on, inter alia, the electrification potential for its Greater Buchan Area ("GBA") Development Project (the "GBA Development"). Highlights ·…
31 August 2021
INEOS Energy completes the acquisition of all oil and gas interests from HESS Corporation in Denmark
INEOS E&P A/S, which is a part of INEOS Energy, has today announced that it has completed the previously announced agreement to acquire the subsidiary HESS Denmark ApS. for a total consideration of $150 million, effective January 1st 2021. INEOS acquires 61.5% of the Syd Arne oil field, currently operated…
31 August 2021
Rex International awarded two Production Sharing Contracts by PETRONAS in Malaysia
Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), a technology-driven exploration and production company, is pleased to announce that together with its Malaysian partner, Duta Marine Sdn. Bhd. (DMSB) signed two Production Sharing Contracts (“PSCs”) awarded earlier by Petroliam Nasional…
31 August 2021
Operational update & substantial increase to gas in place volumes for phase 1
Hartshead Resources NL has announced the identification of an additional 112 Bcf of gas‐initially‐in‐place (GIIP) in the Viking Wx gas field, equivalent to a 43% increase. This takes the total Phase I GIIP to 603 Bcf, including the Viking Wx and Victoria gas fields. This operational update follows the delivery of…
31 August 2021
DEME Offshore prepares for next generation turbines with major crane upgrade for 'Sea Installer'
DEME Offshore’s DP2 jack-up installation vessel ‘Sea Installer’ will get a major crane upgrade when the capacity is increased from 900 tonnes to 1,600 tonnes. Being built by leading crane manufacturer Huisman, the new crane will enable ‘Sea Installer’ to handle the next generation of offshore wind turbines. The upgraded…
31 August 2021
Rosneft Begins Unique Geological Research on the Eastern Arctic Shelf
The Rosneft research expedition started from Murmansk. The drilling vessel Bavenit is heading to the Laptev Sea to drill shallow stratigraphic wells in the Eastern Arctic and take cores for scientific work for the first time in history. The valuable stone material will be a direct source of geological information…
31 August 2021
Stronger oversight for Australia's offshore oil and gas industry
Australia’s parliament has passed legislation to strengthen Australia’s offshore oil and gas regulatory framework. The changes enhance the government’s oversight and scrutiny of a range of company transactions to ensure that entities that want to operate in the oil and gas industry are suitable, and have the financial resources and…
31 August 2021
Interior Department Announces Environmental Review of Proposed Wind Energy Facility in the North Atlantic
As part of the Biden-Harris administration’s goal to deploy 30 gigawatts (GW) of offshore wind energy by 2030, the Department of the Interior announced that the Bureau of Ocean Energy Management (BOEM) plans to conduct an environmental review of a proposed commercial-scale wind project offshore New York.More here.
30 August 2021
Shell commits to investment on Timi, its first offshore wellhead platform in Malaysia to be powered by solar and wind
Sarawak Shell Berhad (SSB), a subsidiary of Royal Dutch Shell plc, announced that it has taken a final investment decision (FID) on the Timi gas development project and, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration, look forward to delivering this for Malaysia. The Timi field…
30 August 2021
Noble Corporation Announces Divestment Of Four Jackups In Saudi Arabia, Resulting Updated 2021 Guidance And Preliminary 2022 Guidance
Noble Corporation announced that subsidiaries of the Company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd., through its subsidiary, ("ADES") for $292 million. The Company expects to generate approximately $285 million in cash from the transaction net of fees, expenses, and the settlement of…
30 August 2021
Decommissioning programme submitted for North Sea field
Planning for the decommissioning of a North Sea field which has exceeded its expected life sevenfold is now underway. A decommissioning programme will be submitted for the Chestnut field in the Central North Sea, more than a decade after it was first expected to be shut in. Thanks to continued…
30 August 2021
Noreco: Arrival of Tyra Topsides
Norwegian Energy Company ASA (“Noreco” or the “Company”) is pleased to announce that the three Tyra East wellhead and riser platforms have arrived safely at the Tyra field in Denmark. Earlier this summer HTV (Heavy Transport Vessel) BigRoll Beaufort sailed from the Sembcorp Marine construction yard in Singapore with the…
30 August 2021
SKK Migas approved Plan of Development for Ubadari Field and Vorwata CCUS at Tangguh LNG Project
The shareholders of the Tangguh Production Sharing Contract Partners led by bp, the project operator, are pleased to announce that SKK Migas (Special Task Force for Upstream Oil and Gas Business Activities Republic of Indonesia) has approved the Plan of Development (POD) for Ubadari Field and Vorwata Carbon Capture Utilization…
30 August 2021
Maersk Drilling secures one-well contract extension for Maersk Discoverer
CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. Maersk Drilling secures one-well contract extension for Maersk Discoverer The work is expected to commence in the first half of 2022 in direct continuation of…
30 August 2021
Well-SENSE enters five-year exclusive agreement with Halliburton to supply FiberLine Intervention technology for North America’s unconventional wells
Well-SENSE, has entered into a five-year agreement that provides Halliburton Company (NYSE: HAL) exclusive rights to distribute and deploy Well-SENSE’s FiberLine Intervention (FLI) technology in North America’s unconventional wells market. Annabel Green, CEO of Well-SENSE, said: “Entering into our first, multi-year, commercial contract with a leading oil and gas service…
30 August 2021
Highly profitable Troll phase 3 project on stream
On Friday 27 August at 21.25, production started from the Troll phase 3 project in the North Sea. The project has a break-even price below 10 dollars and CO2 emissions of less than 0.1 kg per barrel oil equivalent. The new wells are tied in to the Troll A platform…
27 August 2021
Digital platform reveals valuable secrets of the North Sea
More than 50 years’ worth of crucial North Sea data has been made available by the Oil and Gas Authority (OGA) through its National Data Repository (NDR) – helping companies make better informed decisions as part of the transition to net zero. The introduction of the new data will help…
27 August 2021
IOG 1H 2021 Interim Results
IOG plc ("IOG" or the "Company" or "Group") (AIM: IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, is pleased to present its unaudited interim results for the six months ended 30 June 2021. Corporate and Operational Highlights · Core Project and associated Thames infrastructure…
27 August 2021
Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship
Transocean Ltd. (NYSE: RIG) announced today that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Additionally, the contract provides for a significant performance bonus opportunity based upon agreed operating metrics.…
27 August 2021
Yinson Signs MOU with Enauta for FPSO project in the Atlanta field in Brazil
Yinson Holdings Berhad (“Yinson” or the “Group”), through its wholly owned subsidiary Yinson Acacia Ltd has entered into a binding Memorandum of Understanding (“MoU”) with Enauta Energia S.A. (“Enauta”) to engage in exclusive negotiations for the potential supply and charter of a floating production storage and offloading (“FPSO”) unit for…
27 August 2021
CNOOC Limited Announces Bozhong 26-3 Oilfield Expansion Project Commences Production
CNOOC Limited announced that Bozhong 26-3 oilfield expansion project has commenced production. Bozhong 26-3 oilfield expansion project is located in the south of Bohai Sea, with average water depth of about 21 meters. In addition to fully utilizing the existing processing facilities, the project has built a new unmanned wellhead…