Search News
Latest News
2 August 2021
CNOOC Limited Announces Liuhua 21-2 Oilfield Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Liuhua 21-2 oilfield has commenced production ahead of schedule. Liuhua 21-2 oilfield is located in the eastern South China Sea, with water depth of about 437 meters. In addition to fully utilizing the existing processing facilities, the…
2 August 2021
Vietnam Operational & RBL Update
Pharos Energy plc, an independent oil and gas exploration and production company, is pleased to announce the completion of its 3D seismic programme on the western part of Block 125 in the Phu Khanh Basin, offshore Vietnam; and the completion of the refinancing of its Reserve Based Lending Facility (“RBL”)…
2 August 2021
Bedout Basin 3D Seismic Update
Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to update shareholders on its Bedout Basin acreage seismic acquisition and exploration drilling activities. 1. 3D Seismic The recently completed Keraudren Extension 3D seismic survey acquired ~2,600km2 up to 28 July 2021 . The survey acquired data over the southern portion of WA-436-P and…
2 August 2021
Kent completes acquisition of SNC-Lavalin oil & gas division, closes new fundraising to support growth cycle
Kent (or the “Company”), a leading international integrated energy services partner formerly known as Kentech, provides the following updates: Completes the acquisition of the majority of SNC-Lavalin’s oil and gas division, with a minority portion to follow at a later date. The Company now harnesses the strength of leading players…
2 August 2021
Subsea 7 announces floating wind acquisition
Subsea 7 S.A. announced that it has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. Nautilus has developed a promising concept for a floating wind foundation based on…
30 July 2021
TotalEnergies and Amazon announce strategic collaboration
TotalEnergies today announced a strategic collaboration with Amazon through which TotalEnergies will contribute to Amazon’s commitment to power its operations with 100% renewable energy, while Amazon will help TotalEnergies accelerate its digital transformation. This strategic agreement spans both the TotalEnergies and Amazon businesses: Renewable Energy: TotalEnergies and Amazon have signed…
30 July 2021
Tellurian and Shell sign agreements for 3 mtpa; LNG sales from Driftwood’s first two plants complete
Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced it has finalized liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Shell NA LNG. The SPAs are on a free on board (FOB) basis at Driftwood LNG for a combination of three million tonnes per annum (mtpa) for a ten-year period, indexed to…
30 July 2021
Nexans leads the charge to a new world of electrification with vital connection for Equinor’s first floating solar plant
Nexans has been awarded by Equinor a contract to supply power export cable for its innovative floating solar pilot offshore Frøya in Norway. The pilot project is scheduled to come online in December 2021 and will be the world’s first floating solar plant operating in rough offshore waters. The Frøya…
30 July 2021
CGG Sells its GeoSoftware Business to Topicus.com and Vela Software
CGG S.A. (“CGG”) and Topicus.com Inc. (“Topicus”) (TSXV: TOI) announced that CGG has entered into an agreement with Topicus and Vela Software (“Vela”), for the sale of CGG’s GeoSoftware business (“GeoSoftware” or the “Company”). The closing of this transaction remains subject to mutually agreed closing conditions. “Being a perpetual owner…
30 July 2021
Thialf successfully installs the Cassia Compression platform
Thialf successfully installs the Cassia Compression (Cassia C) platform on behalf of client bp Trinidad and Tobago LLC (bpTT). The installation is located off Trinidad's east coast and marks a significant milestone in the Cassia C project. The Cassia C platform will enable bpTT to access and produce low-pressure gas…
30 July 2021
Rotech Subsea completes 2nd phase cable trenching contract at Taiwan OWF
Rotech Subsea returned to Taiwan waters in Q2/3, 2021 for a Tier 1 offshore energy construction giant - and long term European client - for Phase 2 post-lay trenching works at the state OWF. Phase 1 works at the site had been successfully completed in Q2/3, 2020. The scope of…
30 July 2021
Subsea 7 completes Pipeline Bundle for Buzzard
This month marks the successful installation of a 5km Pipeline Bundle for the CNOOC International Buzzard Phase II (BPII) project. Subsea 7’s 88th Pipeline Bundle in 40 years is now in the Buzzard field ready to link the new northern area wells back to the existing platform. Subsea 7 was…
30 July 2021
TotalEnergies announces another successful well in offshore Block 58
TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth…
29 July 2021
Siem Offshore Contract award
Siem Offshore is pleased to announce that a contract has been signed with Seaway 7, the renewables business unit of Subsea 7, for the utilization of one of Siems OSCVs commencing Q4 2021. The vessel will undertake walk to work activities for a period of 300 days firm plus options…
29 July 2021
New 66 Kv Submarine Cable Links for the Gode Wind 3 and Borkum Riffgrund 3 Wind Farms in the German North Sea New 66 Kv Submarine Cable Links for the Gode Wind 3 and Borkum Riffgrund 3 Wind Farms in the German North Sea
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract worth above €60 million by Ørsted — the world’s largest offshore wind farm developer— for the design, supply, termination and testing of inter-array submarine cable systems for the Gode Wind 3 and Borkum…
29 July 2021
ExxonMobil announces oil discovery at Whiptail, offshore Guyan
ExxonMobil said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay…
29 July 2021
Green light for Duva
The authorities have granted consent for start-up of the Duva field in the North Sea, where the operator Neptune Energy estimates the reserves at about 11 million standard cubic metres of oil equivalent (71 million barrels of o.e.) The Duva oil and gas field - in production licence 636 -…
29 July 2021
Transocean Ltd. Announces Two Contract Awards in the U.S. Gulf of Mexico
Transocean Ltd. (NYSE: RIG) announced it was awarded two contracts which, in aggregate, contribute approximately $55.5 million in backlog. The Deepwater Conqueror was awarded a one-well contract with a major operator in the U.S. Gulf of Mexico. The value of this contract adds approximately 85 days and $28.5 million in…
29 July 2021
IOG plc Signing of Gas Sales Agreement
IOG plc (IOG, or the Company), (AIM: IOG.L), the UK gas company targeting growth and high returns via an infrastructure-led hub strategy, is pleased to announce the execution of a gas sales agreement ("GSA") with Gazprom Marketing & Trading Limited ("GM&T"). This follows a competitive offtake process involving more than…
29 July 2021
i3 Energy plc ("i3", "i3 Energy", "i3 Canada", or the "Company") Operational Updat
i3 Energy plc (AIM: I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces the following update. Marten Hills Clearwater Drilling Well completion, production equipment installation and tie-in operations have been completed for wells 01-12-075-26W4 and 02-12-075-26W4. Eight horizontal lateral legs (totalling…
29 July 2021
Delineation of the 25/8-19 S (Iving) oil and gas discovery near the Balder field in the North Sea - 25/8-21 S and 25/8-22 S
MOL Norge AS, operator of production licence 820 S, has concluded the drilling of appraisal wells 25/8-21 S and 25/8-22 S on the 25/8-19 S (Iving) oil and gas discovery. The wells were drilled about 8 kilometres northwest of 25/8-11 Ringhorne on the Balder field in the North Sea, about…
28 July 2021
Proserv lands key manufacturing order from BOC for Majnoon Oil Field
Aberdeen based global controls technology company Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels (WHCP) to the Basra Oil Company (BOC) for use on the Majnoon Oil Field in southern Iraq. The deal has been arranged through KBR, the Houston based engineering, procurement…
28 July 2021
Vallourec associated with an offshore carbon storage project
Vallourec Umbilicals has been awarded a contract to supply 200 km of tubes for umbilicals on a groundbreaking Norwegian project in the North Sea that will capture, transport and geologically store industrial CO2 emissions. The super-duplex tubes were manufactured at our new plant in Vénarey-Les-Laumes in early 2021. They will…
28 July 2021
Prysmian sets up the organisation for the development of the 3 German power transmission cable projects
Prysmian Group, worldwide leader in the energy and telecom cable systems industry, has fully set up its organisation for the development of the three strategic German power transmission HVDC (High Voltage Direct Current) cable projects SuedOstLink, SuedLink and A-Nord, and its ready now to launch the cable production. Prysmian was…
28 July 2021
BW Energy: Q2 2021 trading update
BW Energy provides an update on the operation and development of the Dussafu Marin license in Gabon. The Company will publish its financial report for the first half of 2021 on Friday, 20 August. Gross production from the Tortue field averaged approximately 10,500 barrels of oil per day in the…
28 July 2021
PETRONAS Carigali, Shell and PETROS EP Awarded Block SK437
PETRONAS has awarded Block SK437 offshore Sarawak, Malaysia to PETRONAS Carigali Sdn Bhd (PCSB), Sarawak Shell Berhad (SSB), and Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP), a wholly-owned subsidiary of Petroleum Sarawak Berhad (PETROS). Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2,015…
28 July 2021
SBM Offshore signs FPSO Almirante Tamandaré contracts
SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandaré. These contracts follow the signing of the binding Letter of Intent as announced on February 25, 2021. FPSO Almirante Tamandaré will be deployed at…
28 July 2021
Bayu-Undan Phase 3C infill production exceeds expectations
Santos, as operator of the Bayu-Undan Joint Venture, today announced that production from the Phase 3C infill drilling program at the Bayu-Undan field had begun with the first well producing a better than anticipated outcome. The first well has been brought online at 178 million standard cubic feet per day…
28 July 2021
Hurricane Energy plc ("Hurricane" or the "Company") Lancaster Field Update
Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations. The Company is pleased to report that production operations at the Lancaster field have resumed following the Aoka Mizu FPSO's scheduled annual maintenance shutdown, which took place earlier this month. Production from the…
27 July 2021
South Tyneside manufacturer wins big on offshore wind
South Tyneside manufacturer Metec UK has won two multi-million pound contracts on Dogger Bank Wind Farm. Metec UK manufactures sacrificial anodes for the long-term protection of steel jackets and foundations against corrosion, and is used in the offshore renewable energy industry. The fast-growing company, established only four years ago, will…
27 July 2021
Shell Invests in the Whale Development in the Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, today announces the final investment decision (FID) for Whale, a deep-water development in the U.S. Gulf of Mexico that features a 99% replicated hull and an 80% replication of the topsides from the Vito project. “Whale is the latest demonstration…
27 July 2021
OML 65 Development Update - Baker Hughes Appointed Onshore Approved Services Provider
Sirius, the Africa focused oil & gas production and development company is pleased to announce that it has signed a Memorandum of Understanding (‘MOU’) with Baker Hughes Company Limited (‘Baker Hughes’). The MOU appoints Baker Hughes as the approved services provider to Phase 1 of the approved work programme (‘AWP’)…
27 July 2021
Wellesley Petroleum AS announces NCS development asset swap with Equinor Energy AS
Wellesley Petroleum AS (“Wellesley”) and Equinor Energy AS (“Equinor”) have signed a Sale and Purchase Agreement covering several development assets on the Norwegian Continental Shelf. The transaction is as follows: • Equinor to acquire a 40% participating interest in licences PL090 JS, PL248 I and PL925, containing the Grosbeak and…
27 July 2021
Longboat Energy plc (“Longboat Energy”, “Longboat” or the “Company”) Operational Update
Longboat Energy, the emerging full-cycle North Sea E&P company with a portfolio of significant, nearterm, low-risk exploration assets, is pleased to provide an operational update. Egyptian Vulture Exploration Well Longboat has been informed by the operator, Equinor ASA, that the Egyptian Vulture prospect (Longboat working interest: 15%) is on-track to…
27 July 2021
Eni expands renewable projects in Spain
Eni, through Eni gas e luce, has signed an agreement with Azora Capital for the acquisition of a portfolio of nine renewable energy projects in Spain. The operation involves the acquisition of three wind farms in service and a wind farm under construction in the central/northern area of the country,…
27 July 2021
RWE deploys new software tool to optimise operations across offshore wind fleet
The innovative marine management tool will facilitate a single way of working across all RWE’s offshore wind operations, worldwide Humber Gateway and Rampion in the UK are the first to take onboard the new system “By implementing this new software tool to manage our global offshore wind fleet, we are…
27 July 2021
Three new test and demonstration floating wind projects in the Celtic Sea to progress to next stage
New floating wind technology in the UK has taken an important step forward with the announcement that 300MW of new projects, identified through The Crown Estate’s Test and Demonstration leasing opportunity, have been given the green light to progress to the next stage of assessment. The three projects, each located…
26 July 2021
Jan De Nul successfully installed Formosa 2 Export Cables
Jan De Nul Group’s Cable Laying Vessel Willem de Vlamingh has successfully installed the four export cables with a total length of 34 km on the 376MW Formosa 2 offshore wind farm in Taiwan. This milestone marks the next step in the development of the Formosa 2 Offshore Wind Farm.…
26 July 2021
Are uncompetitive offshore rigs still just an idle threat?
Bassoe Rig Analytics recently reviewed its figures of competitive and uncompetitive offshore drilling rigs and decided to remove a further 31 rigs (15 jackups, 10 drillships and 6 semisubs) from the global competitive supply, due to them having been stacked for several years and hence are unlikely to return to…
26 July 2021
ScotWind secures major interest in Scotland’s offshore wind potential
The process to secure seabed for Scotland’s next generation of offshore wind farms has attracted over 70 applications. Launched in June 2020, Scotwind Leasing has the potential to deliver enough green electricity to power every home in Scotland and help the country take a major stride towards net zero. It…
26 July 2021
AquaSector: Study investigates potential for first large-scale offshore hydrogen park in the German North Sea
Project partners RWE, Shell, Gasunie and Equinor signed a declaration of intent to further intensify their collaboration on the AquaSector project - the vision of the first large-scale German offshore hydrogen park. The project aims to demonstrate that in Germany offshore based hydrogen production enables an efficient, cost-effective and sustainable…
26 July 2021
EnQuest's Heather Alpha Decommissioning plans are approved
EnQuest has received approval from the UK authorities for its decommissioning programme for the Heather platform topsides in the UK North Sea.More
26 July 2021
Sembcorp Marine Delivers Three Wellhead and Riser Topsides and Bridges to TotalEnergies EP Denmark
Sembcorp Marine Ltd (the “Company”, together with its subsidiaries, the “Group”) has safely completed the fabrication of two wellhead topsides, one riser topside and two bridges for deployment to TotalEnergies’ redeveloped Tyra Field located in the Danish North Sea. The COVID-19 pandemic has caused unprecedented challenges to the completion of…
26 July 2021
Van Oord takes on Baltic project
Van Oord has signed a contract with the Spanish energy company Iberdrola for the Baltic Eagle offshore wind farm. Van Oord will transport and install the foundations and ensure the supply, transport and installation of inter-array cables. With a production capacity of 476 MW, the Baltic Eagle wind farm will…
26 July 2021
Record production rate from first Van Gogh Phase 2 Infill well
Santos today announced first oil from the Van Gogh Phase 2 Infill Development, with the first of three new production wells producing at the highest initial rate from an individual well in field history. Following completion and tie-in, the first well has produced at a peak rate of 23,200 barrels…
23 July 2021
Shell delivers first gas from Barracuda Project
Shell Trinidad and Tobago (through BG International, a subsidiary of Royal Dutch Shell plc) today announces that production has started on Block 5C in the East Coast Marine Area (ECMA) in Trinidad and Tobago. This marks a significant milestone in the delivery of gas both domestically and internationally through Atlantic…
23 July 2021
Update on OGA approach to licence amendments (July 2021)
OGA return to pre-COVID licence amendment approach In response to the global COVID-19 pandemic which first affected the UK in early 2020, the OGA announced in March 2020 that it would seek to ease the pressures on industry by taking a pragmatic approach to considering amendments to timelines. The OGA…
23 July 2021
Borr Drilling Limited – Announcement of Letter of Award for jack-up drilling rig
Borr Drilling Limited (“Borr Drilling”) (NYSE and OSE: “BORR”) is pleased to announce that it has received a Letter of Award from an international oil company for additional work in Mexico. The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days,…
23 July 2021
Contract for CSV Normand Jarstein
Solstad Offshore ASA is pleased to announce a new contract for the CSV Normand Jarstein to DeepOcean AS. The vessel will support DeepOcean`s IMR, light construction, offshore renewables and recycling projects. The contract will commence in 1Q 2022 and have a firm period of hire until end 2023. Additionally, DeepOcean…
23 July 2021
Neptune Energy applauds subsidy award for offshore green hydrogen pilot
Neptune Energy today welcomed an announcement by the Netherlands Enterprise Agency (RVO) to award a subsidy to the PosHYdon project, the world's first offshore green hydrogen pilot on a working platform. The subsidy was awarded under the RVO’s Demonstration Energy and climate Innovation (DEI+) scheme, which invites funding applications for…