Search News
Latest News
23 July 2021
bp teams up with Quaybridge to accelerate offshore wind growth
bp has formed an exclusive consultancy agreement with Quaybridge, a leading UK-based renewables consultancy with global expertise in offshore wind. The two will work together to advance bp’s global offshore wind portfolio as part of its zero-carbon growth strategy, and accelerate the building of in-house offshore wind knowledge for bp.…
23 July 2021
Wood enables safer, more efficient field operations with new apps
Wood is creating a range of innovative digital solutions and apps, integrating Microsoft Dynamics 365, to allow field workers to embrace a digital future and empower clients to maximise value in deployment for safer and more effective operations. The ‘Connected Worker’ apps are part of a multi-year collaboration with Microsoft…
23 July 2021
Nexans ensures SSEN with business continuity for Kintyre to Hunterston subsea transmission link
Nexans team has been sought by SSEN Transmission for consultancy services to support a business continuity strategy for its critical high voltage transmission link between Kintyre and Hunterston. The subsea cable system was installed and commissioned by Nexans in 2015. The consultancy services will identify the optimum monitoring, repair and…
22 July 2021
Floatel International Ltd: Contract Award
The Company is pleased to announce that Equinor Brasil Energia Ltda has awarded a contract to Floatel Victory to provide Maintenance and Safety Unit (MSU) services alongside Peregrino Floating Production Storage and offloading unit (FPSO) offshore Brazil.The charter of the MSU is for six months with an expected commencement date…
22 July 2021
TotalEnergies Partners with Technip Energies to Advance Low-Carbon Solutions for LNG and Offshore Facilities
TotalEnergies and Technip Energies (Paris:TE) (ISIN:NL0014559478) signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition. As part of this agreement, both parties will explore new concepts and technologies, in order to reduce carbon footprint of…
22 July 2021
High activity level on the Norwegian shelf
The activity level on the Norwegian continental shelf (NCS) has been high in the first six months of the year – despite the Covid situation. Eight discoveries have been made, production remains high, and many new development projects are on the drawing board. During the first six months (as of…
22 July 2021
CNOOC Limited Announces Luda 29-1 Oilfield Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Luda 29-1 oilfield has commenced production. Luda 29-1 oilfield is located in Liaodong Bay of Bohai Sea, with water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Luda 21-2/Luda 16-3…
22 July 2021
Kraken Awarded $0.6 Million Robotics as a Service (RaaS) Contract for Subsea Cable Survey
Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce that it has been awarded a Robotics as a Service (RaaS) contract from Newfoundland and Labrador Hydro (formerly Nalcor Energy) for the Marine Inspection of Strait of Bell Isle Submarine Cable. This cable provides power to…
22 July 2021
Kraken Signs Definitive Agreement to Acquire PanGeo and Announces Public Offering of Units
Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that it has signed a definitive share purchase agreement (the “PanGeo Agreement”) whereby Kraken Robotics Systems Inc., a wholly-owned subsidiary of Kraken, will acquire all of the issued share capital of PGH…
22 July 2021
Seismic Consortium to Begin MultiClient Survey in Sarawak Basin
The seismic consortium comprising PGS, TGS and WesternGeco®, the exploration data business line of Schlumberger, has secured pre-funding for a 6,400 square kilometer MultiClient 3D survey commencing in October in the Sarawak Basin, offshore Malaysia. The survey is the first phase of a multi-year contract awarded by Petronas in 2020…
22 July 2021
PGS and CGG Sign MoU to Develop MultiClient Data Collaboration for CO2 Storage
PGS and CGG have signed a Memorandum of Understanding (MoU) with a view to combining their seismic MultiClient products and technical capabilities applied to the Carbon Capture Utilization and Storage (CCUS) industry. The ambition is to join forces and unlock the value of existing seismic data for carbon storage evaluation.…
21 July 2021
Neptune Energy awards Cygnus subsea inspection contract
Neptune Energy today announced the award of a subsea inspection contract for its operated Cygnus gas field in the UK southern North Sea to leading Geo-data specialist, Fugro. Fugro will use advanced inspection technologies, enabling data processing to be carried out onshore, reducing time and costs. As part of the…
21 July 2021
Harbour Energy plc “Harbour” or the “Company” Operations Update 21 July 2021
Harbour today announces that during final commissioning and testing of the HGS Tolmount platform issues were identified in certain offshore electrical systems. These issues are now being investigated and rectification plans are being developed. As a result, Tolmount first gas will be delayed beyond the end of July and is…
21 July 2021
Commencement of TGT Infill Development Drilling Programme
Pharos Energy plc, an independent oil and gas exploration and production company, is pleased to announce the commencement of the TGT Field Infill Development Drilling Programme. Ed Story, President and Chief Executive Officer, commented: “After a period of enforced inactivity across all the company’s operations because of the downturn and…
21 July 2021
TÜV SÜD National Engineering Laboratory launches real-time subsea meter calibration tool
TÜV SÜD National Engineering Laboratory launches NEL-SURE, a real-time software tool for the verification of subsea multiphase flow meters (MPFM), that will help operators to optimise reservoir management and revenues. As the oil & gas industry exploits deeper fields, routine calibration is unviable due to the excessive cost of removing…
21 July 2021
Equinor, RES and Green Giraffe team up for floating offshore wind growth in France
Equinor, RES and Green Giraffe join forces and form Océole, a partnership dedicated to developing floating offshore wind in France. Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government. Establishing this partnership is in line with the three companies’…
21 July 2021
BHP operational Review for year ended 30th June 2021
Record production was achieved at Western Australia Iron Ore (WAIO) and Goonyella. Olympic Dam achieved both the highest annual copper production since the acquisition by BHP in 2005 and the highest gold production ever for the operation. Escondida maintained average concentrator throughput at record levels despite a challenging operating environment…
21 July 2021
Contract awards for two CSVs
Solstad Offshore ASA is pleased to announce award of two medium term contracts for its large construction vessels in the second half of 2021. Normand Navigator has been awarded a contract with an undisclosed client in South East Asia. The work is scheduled to start in September 2021 and will…
21 July 2021
Prysmian Group to provide 350 km of Steel Tube & Thermoplastic Electro-Hydraulic Umbilical to Petrobras in Brazil
Prysmian Group, world leader in the energy and telecom cable systems industry has been awarded a contract for a total supply of 350 km of high-end deep-water electro-hydraulic umbilicals using both Steel Tube and Thermoplastic technology, alongside specialized offshore and logistic services by Petrobras. The contract, worth approximately 92 M…
20 July 2021
MDL undertakes double SURF lay for TechnipFMC Norway
Maritime Developments (MDL) has completed two separate installation campaigns in the Norwegian North Sea with TechnipFMC. The two scopes – both follow-on campaigns from 2020 - were performed using MDL spreads mobilised on vessels from the client’s fleet. On the first mission an MDL Generation 3 Reel Drive System was…
20 July 2021
Minor gas discovery south of the 7435/12-1 (Korpfjell) gas discovery in the Barents Sea - 7234/6-1
Aker BP ASA, operator of production licence 858, has concluded the drilling of wildcat well 7234/6-1 The well was drilled about 160 kilometres south of the 7435/12-1 (Korpfjell) gas discovery in the eastern part of the Barents Sea and 290 kilometres northeast of Vardø. The objective of the well was…
20 July 2021
Fugro Awarded Geotechnical Contract For Landmark La Gan Offshore Wind Farm In Vietnam
La Gan Wind Power Development Corporation (La Gan Wind), owned by Copenhagen Infrastructure Partners (CIP), Asiapetro and Novasia, has awarded an offshore geotechnical contract to a consortium led by Vietsovpetro, PTSC G&S and Fugro. The award is part of CIP’s development plan for the La Gan offshore wind project in…
20 July 2021
John Lawrie Metals Strengthens Decommissioning Capabilities with Two New Quayside Facilities
John Lawrie Metals Ltd, the decommissioning and metal recycling experts, has today announced two new quayside decommissioning facilities in the North East of Scotland. Following the issue of full Waste Management Permits direct to John Lawrie, it means the company now has the capability to receive and process subsea infrastructure…
20 July 2021
SHI making forays into renewable energy market with large-scale offshore wind floater
Samsung Heavy Industries has ventured into the domestic and global offshore wind power generation market by developing an independent offshore wind floater model. □ SHI announced on 19 it received Approval in Principle (AiP) for its 9.5-MW large-scale offshore wind floater model, Tri-Star Float from Norwegian classification society DNV. □…
20 July 2021
Contract award for the CSV Viking Neptun
Eidesvik Offshore ASA (“Eidesvik”) has been awarded a contract with Havfram AS (“Havfram”) for the CSV Viking Neptun. The contract will commence early January 2022 with a firm period towards the end of 3rd Quarter 2022. In addition, Havfram has been granted options for further extension. Viking Neptun is an…
20 July 2021
Petrofac proves value of digital modifications execution in industry first
Petrofac has collaborated with asset management specialist, James Fisher Asset Information Services (JF AIS), to eliminate the need for offshore surveys ahead of modification scopes, reducing time and cost. Part of Petrofac’s strategy to drive best-in-class delivery for its clients, the digital process enables offshore crew to capture detailed visual…
20 July 2021
PGS Completes Sale of CSEM Technology to OFG
PGS has today completed sale of the hardware, software and intellectual property associated with the Company’s towed streamer Controlled Source Electro Magnetic (“CSEM”) system to Ocean Floor Geophysics, Inc (“OFG”). The towed-streamer CSEM technology is a state-of-the-art system, which allows for the acquisition of high-quality marine CSEM data in a…
19 July 2021
Huisman contracted by DSME to deliver 2,600mt Leg Encircling Crane for Eneti’s new wind turbine installation vessel
Huisman, the worldwide provider of step changing technical solutions, has today announced the signing of a contract with Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) for the delivery of a 2,600mt Leg Encircling Crane (LEC), to be installed on Eneti’s new build Wind Turbine Installation Vessel (WTIV). Huisman contracted…
19 July 2021
Greenland halts new oil exploration
The Greenlandic underground is rich in both oil resources and minerals, and the history of exploration and exploitation activities goes back many years and has a global reach. The Greenlandic government, Naalakkersuisut, remains committed to developing the country’s vast mineral potential, where this does not involve the extraction of uranium.…
19 July 2021
Saipem launches SUISO, a technological solution for the offshore production of green hydrogen and the conversion of oil & gas facilities
Saipem launches SUISO, a technological solution for the production of green hydrogen thus confirming its commitment to support its clients in the energy transition. The trademark has been registered with the European Union Intellectual Property Office (EUIPO). SUISO combines various renewable energy sources such as floating wind, floating solar and…
19 July 2021
IOG plc Successful Elgood Development Well 48/22c-7 Flow Test Results
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 provide an update on the Elgood well 48/22c-7, our first Phase 1 development well. The well was drilled horizontally through the reservoir section to a…
19 July 2021
Hibiscus Petroleum Receives Waiver/Expiry of Pre-Emption Rights for Repsol Acquisition
Hibiscus Petroleum Berhad has announced that its indirect wholly-owned subsidiary, Peninsula Hibiscus Sdn Bhd (“Peninsula Hibiscus”) had, on 13 July 2021, been informed by Repsol Exploración, S.A. (“Repsol”) that the condition precedent relating to the waiver/expiry of the pre-emption rights held by PETRONAS Carigali Sdn Bhd (“PETRONAS Carigali”) and PetroVietnam Exploration…
19 July 2021
New contracts in Brazil
DOF ASA's Brazilian subsidiary Norskan has been awarded two contracts.Skandi Paraty (AHTS 21,000 with ROV operated by DOF Subsea Brasil) has been awarded an 1-year contract extension with Petrobras until July 2022.Skandi Iguaçu is on-hire with Equinor on a spot contract utilisation in July and August, 2021.
19 July 2021
Aker Solutions Awarded Major Offshore Wind Contract
Aker Solutions, as part of a consortium, has signed a major1 EPCI contract with an undisclosed customer to provide the HVDC (high-voltage, direct current) transmission system for a large offshore wind project. More details about the project is expected to be announced by the customer and its partners during the…
19 July 2021
Cerulean Winds signs agreement with px Group to support onshore green hydrogen plants and associated industrial infrastructure
Trailblazing project would accelerate decarbonisation of offshore assets and onshore industrial sites Green infrastructure developer Cerulean Winds has signed an agreement with px Group, the UK’s leading operator of large-scale industrial facilities, as it moves to progress its plans for an integrated 200-turbine floating wind and hydrogen development in the…
16 July 2021
Deme Offshore Successfully Installs Dolwin6 HVDC Cable With 'Living Stone' Operating On LNG
This project is the first time a cable laying vessel has installed cables while powered by LNG In a groundbreaking project DEME Offshore has successfully installed the DolWin6 High Voltage DC (HVDC) cable in the North Sea deploying its DP3 vessel ‘Living Stone’. This is the first time a cable…
16 July 2021
SOCAR and Technip Energies enter a cooperation agreement on offshore sustainable energy development
SOCAR and Technip Energies entered into a cooperation agreement to study sustainability measures in the offshore upstream activities, including CO2 emission reduction, improvement of power efficiency and associated optimization in the total cost of ownership. The cooperation agreement includes evaluation of a joint pilot project for offshore energy production on…
16 July 2021
RINA to undertake Tunisia Interconnection Marine Feasibility
The undersea connection is strategic for the creation of a Mediterranean electricity grid which connects North Africa with Europe italy-tunisia-interconnectionRINA, in JV with the Tunisian subsidiary Comete Engineering, has been awarded a public tender for the marine feasibility study for the 600MW Italy-Tunisia Interconnection issued by ELMED ÉTUDES SÀRL, a…
16 July 2021
Acorn Project partners, Storegga, Shell U.K. and Harbour Energy, sign MoU with the owners of the SEGAL and FUKA gas terminals at St Fergus
Storegga – through its wholly owned subsidiary Pale Blue Dot Energy -, Shell U.K. (“Shell”) and Harbour Energy (“Harbour”), the partners in the Acorn Project are pleased to announce the signing of a Memorandum of Understanding (“MoU”) with two key industrial customers on the North East coast of Scotland. The…
16 July 2021
ScottishPower And Shell Bid To Bring Large-Scale Floating Windfarms To UK Waters
ScottishPower and Shell have joined forces to bid to develop the world’s first large-scale floating offshore windfarms in the north-east of Scotland The proposed projects – part of Crown Estate Scotland’s ScotWind Leasing – will help decarbonise the UK and support the green economic recovery The partnership has submitted multiple…
16 July 2021
Kraken Signs Contract with Major Energy Company for Underwater Asset Inspection and Provides SeaVision® Update
Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce several positive updates relating to the Company’s SeaVision® laser scanner developments and growth in its Robotics as a Service (Raas) offering. Kraken’s SeaVision® 3D laser scanner technology will be used in the Company’s RaaS offering focused…
16 July 2021
World’s recoverable oil now seen 9% slimmer; commercial volumes can keep global warming below 1.8˚C
Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our 2021 review deals a major blow for the size of the world’s remaining recoverable oil…
16 July 2021
ExxonMobil to participate in carbon capture and storage project in Scotland
ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland,…
15 July 2021
Completion of Zennor Petroleum Acquisition
NEO Energy, the independent full-cycle North Sea operator in the UK Continental Shelf backed by HitecVision, is pleased to announce the completion of its acquisition of independent oil and gas company Zennor Petroleum Limited. The completion further solidifies NEO’s position among the largest oil and gas producers in the UKCS…
15 July 2021
Subsea 7 awarded contract in the Middle East
Subsea 7 announced the award of a sizeable(1) contract in the Middle East. The scope of work includes engineering, procurement, construction, and installation of various subsea pipelines totalling approximately 40 kilometres, with associated crossing structures and two composite power and fibre optic cables. Engineering and procurement will commence immediately at…
15 July 2021
Tullow Oil; Trading Statement & Operational Update
Tullow Oil plc (Tullow) issues this update and guidance in advance of the Group’s 2021 Half Year Results, which are scheduled for release on 15 September 2021. The information contained herein has not been audited and may be subject to further review and amendment. Rahul Dhir, Chief Executive Officer, Tullow…
15 July 2021
Woodside Launches Senegal Drilling Campaign
Woodside Energy Senegal B.V. (Woodside) as operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, which includes Société des Pétroles du Sénégal (PETROSEN), plans to begin the drilling campaign this week for the Sangomar Field Development Phase 1 offshore Senegal. Woodside Acting CEO Meg O’Neill…
15 July 2021
Contracting Of The Rig For Frade And Wahoo Drillings
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) informs its shareholders and the market in general that it has signed with Ocyan Drilling S.A. a contract to hire the NORBE VI drilling rig for the Frade Field Revitalization Campaign and the Wahoo Field development. The contract will begin in March…
15 July 2021
ADNOC Invests Over $750 Million in Drilling-related Services to Support Production Capacity Growth
The Abu Dhabi National Oil Company (ADNOC) announced today, an investment of $763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity expansion to 5 million barrels per day (mmbpd) by…
15 July 2021
Neptune Energy’s wells digitised with gaming tech to enhance production, cut costs
Neptune Energy today announced the digitalisation of its portfolio of subsea wells in Norway, using an innovative data visualisation platform based on 3D gaming technology to enhance drilling and production efficiency, and reduce time and costs. The new digital twins of Neptune’s wells were developed in collaboration with InformatiQ, a…