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6 July 2021
Decommissioning the Northern Endeavour
The Australian Government has committed to decommission the Northern Endeavour floating production storage and offtake (FPSO) facility. The government will also remediate the associated Laminaria-Corallina oil fields. Decommissioning the facility will include rehabilitation of, and the removal of risks to, the surrounding marine environment. Decommissioning the Northern Endeavour and remediating…
6 July 2021
ConocoPhillips – consent for use of West Linus
The Petroleum Safety Authority Norway (PSA) has given ConocoPhillips consent for the use of West Linus in the Greater Ekofisk Area.
6 July 2021
Finder acquires North Sea Goose license from Azinor
Finder Energy is pleased to announce that it has completed its acquisition of the highly prospective UK North Sea Goose licence, P2317, from Azinor Catalyst Limited (Azinor). P2317 is located in the NW Witch Ground Graben of the Outer Moray Firth, Central North Sea, and covers an area of 292…
6 July 2021
Bentley transaction completion
EnQuest PLC (together with its subsidiaries, ‘EnQuest’), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), is pleased to announce the completion of the previously announced transaction to acquire the entire 100.00% equity interest in the P1078 licence containing…
6 July 2021
INEOS Energy announces £25 million cornerstone backing for HydrogenOne, London’s first listed fund dedicated to clean hydrogen.
INEOS will purchase 25 million shares in the forthcoming IPO of HydrogenOne, representing 10% of the target fund raise of £250 million. INEOS will also have the right to appoint a non-executive director to the Board and will also have co-investment rights in projects identified by HydrogenOne. Clean hydrogen, which…
6 July 2021
LUKOIL enters hydrocarbon production project in the shallow water of Mexico
PJSC LUKOIL announces the entry into an agreement to acquire the 50% operator interest in the Area 4 project in Mexico (hereinafter – the Project) through the acquisition of the operator's holding company. The transaction value is $435 million plus expenditures incurred in 2021 as of the transaction completion date.…
6 July 2021
TGS and PGS announce Lewis Hills 3D Multi-client Phase 2 Offshore East Canada
TGS, a global provider of energy data and intelligence, in partnership with PGS, today announced Lewis Hills 3D multi-client phase 2 offshore East Canada. Phase 2 includes the acquisition of 947 square kilometers of additional 3D data, tying into the existing project’s 2,811 square kilometers to create one contiguous dataset.…
5 July 2021
Fred. Olsen Windcarrier awarded turbine installation contract for Baltic Eagle offshore wind farm
Fred. Olsen Windcarrier (FOWIC) has been awarded a contract directly by Vestas Wind Systems (Vestas) for the transportation and installation of 50 Vestas V174-9.5MW wind turbines at the Baltic Eagle offshore wind farm in Germany. The installation works will commence in 2024. This is one of the 3 new transport…
5 July 2021
Consent to start up Troll phase 3
Licensees in Troll Nord in the North Sea have secured consent to start up facilities and modifications associated with the Troll phase 3 project. The PDO for Troll phase 3 was approved in December 2018. The project is a further development of the Troll field and will produce the gas…
5 July 2021
Aker Solutions Wins Topside Modification Contract for Hasselmus Development
Aker Solutions has won a sizable1 contract from OKEA for modifications on the Draugen platform to enable processing of gas from the Hasselmus discovery. The contract includes engineering, procurement, construction, installation and commissioning (EPCIC) of new equipment. The scope covers hook-up of new riser, a new inlet arrangement with electrical…
5 July 2021
Aker Solutions Selected for International Subsea Gas Compression Project
Aker Solutions' subsea compression technology has been selected by Chevron Australia Pty Ltd as operator of the Gorgon Project for the Jansz-Io Compression Project, offshore Western Australia. Aker Solutions remains in ongoing discussions with Chevron to finalize the contract. A further announcement will be made when a contract is finalized.…
5 July 2021
Crown LNG awards FEED contract to develop Kakinada LNG terminal
Crown LNG, a Norwegian group which specialises in developing LNG infrastructure for harsh weather conditions, has entered into an agreement with Aker Solutions as the main contractor to deliver a gravity-based structure (GBS) in concrete for Crown’s offshore LNG terminal at Kakinada, India. Further, SiemensEnergy and Wärtsilä Gas Solutions have…
5 July 2021
BOEM Announces Environmental Review of Proposed Wind Energy Facility Offshore Virginia
As part of the Biden-Harris administration’s commitment to creating nearly 80,000 jobs through the development 30 gigawatts (GW) of offshore wind by 2030, Secretary of the Interior Deb Haaland joined Virginia Governor Ralph Northam and Senator Tim Kaine today to announce that the Bureau of Ocean Energy Management (BOEM) will…
5 July 2021
Termination of UK New Build WDV ST-269 Letter of Intent
Triumph Subsea Services would like to advise that it has formally cancelled the Letter of Intent that was issued to InfraStrata plc on the 9th December 2020. The Letter of Intent was for one firm and one optional ST designed 200m x 35m Windfarm Development Vessels (WDV). The WDV is…
5 July 2021
ABS-Classed BOTAS FSRU is Delivered to Turkey
The ABS-classed Floating Storage and Regassification Unit (FSRU) for BOTAŞ Petroleum Pipeline Corporation (BOTAS) has been delivered from South Korea. Built by Hyundai Heavy Industries in accordance with the ABS Guide for Building and Classing LNG Regasification Vessels, the 295-meter-long Ertuğrul Gazi, which has capacity for 170,000 m3 of LNG,…
2 July 2021
Drilling permit for well 16/1-34 A in production licence 167
The Norwegian Petroleum Directorate has issued a drilling permit to Lundin Energy Norway AS for well 16/1-34 A, cf. Section 13 of the Resource Management Regulations. Well 16/1-34 A will be drilled from the Deepsea Stavanger drilling facility at position 58°58'51.45" N and 02°18'48.53" E. The drilling programme for well…
2 July 2021
Martin Linge on stream
On 30 June at 21.56 CEST, the Martin Linge oil and gas field in the North Sea came on stream. The field is powered from shore, resulting in low CO2 emissions, and operated from its onshore control room. “This is a big day for everyone working on the Martin Linge…
2 July 2021
Subsea Integration Alliance awarded EPCI contract offshore Norway
Subsea 7 today announced the award of a sizeable(1) contract by OKEA to Subsea Integration Alliance for the Hasselmus project, seven kilometres north west of the Draugen platform in the southern Norwegian Sea. The project work scope covers the engineering, procurement, construction, and installation (EPCI) of the subsea production systems…
2 July 2021
Petrofac grows support for Ithaca Energy with Captain project delivery
Petrofac, the leading international service provider to the energy industry, has been awarded a two-and-a-half-year brownfield project with Ithaca Energy, valued in the region of US$17million. Selected through competitive tender to deliver stage two of Ithaca Energy’s Captain Enhanced Oil Recovery (EOR) project in the UK’s central North Sea, Petrofac…
2 July 2021
Floatel International Ltd: Contract Award
The Company is pleased to announce that the Group has been awarded a contract in Australia by INPEX Operations Australia Pty Ltd for Floatel Triumph to provide accommodation and related services at the Ichthys field. The charter will commence mid-2022 and will last for up to approximately two months. It…
2 July 2021
DNeX completes increase of its stake in Ping to 90 per cent, to benefit from rising oil prices
Dagang NeXchange Berhad (“DNeX”) has completed the acquisition of an additional 60 per cent stake in Ping Petroleum Limited (“Ping”), expanding its holdings to 90 per cent. This makes Ping a subsidiary of DNeX Energy Sdn Bhd (“DNeX Energy”), a wholly owned subsidiary of DNeX. Ping is an upstream oil…
2 July 2021
NKT confirms high-voltage turnkey order for the Dogger Bank C offshore wind farm
As informed in Company Announcement no. 26 of 23 November 2020, NKT had entered into a Preferred Supplier Agreement (PSA) as main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to the third phase of the world’s largest offshore wind farm, Dogger Bank C.…
2 July 2021
An expected surge in FPSO awards in 2021 and 2022 is set to double fabricators’ pipeline
he FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year, creating a very healthy project line-up for…
1 July 2021
Submitting PDO for Kobra East & Gekko (KEG) in the Alvheim area
Aker BP (operator) and licence partners ConocoPhillips Skandinavia AS and Lundin Energy Norway AS tody submitted a plan for development and operation (PDO) for Kobra East & Gekko (KEG) to the Ministry of Petroleum and Energy. The development will contribute to extend the lifetime of the Alvheim field, improve production…
1 July 2021
Developing Lavrans and Kristin Q in the Norwegian Sea
Equinor and the partners Petoro, Vår Energi and Total E&P Norge have decided to develop the Lavrans discovery and the Kristin Q-discovery which is a part of the Kristin field. This constitutes phase 1 of the Kristin South project, and today the plan for development and operation (PDO) will be…
1 July 2021
Aker Solutions and AF Gruppen Join Forces to Create a Leading Global Offshore Decommissioning and Recycling Company
Aker Solutions and AF Gruppen have signed a Letter of Intent (LOI) to merge the two companies’ existing offshore decommissioning operations into a 50/50 owned company with the goal of creating a leading global player for environmentally friendly recycling of offshore assets. By establishing a pure, focused player dedicated to…
1 July 2021
Vestas and Iberdrola finalise contract on Baltic Eagle offshore project in Germany
Vestas and Iberdrola have finalised the turbine supply contract for the Baltic Eagle project being developed off the island of Rügen, in German waters of the Baltic Sea. Vestas will deliver V174-9.5 MW turbines to the 476 MW Baltic Eagle project, which will span a 40 km2 area in the…
1 July 2021
3D at Depth and SEA.O.G Offshore announce a collaboration focused on fully integrated sustainable survey and Integrity solutions to the offshore energy industry.
3D at Depth Inc., the world’s expert in commercial Subsea LiDAR (SL) laser technology, and leading provider of fully integrated underwater survey services along with SEA.O.G Offshore, who operate out of New Bedford, Seattle, and Houston, today announces the collaboration agreement focusing on all marine energy markets with a goal…
1 July 2021
Ørsted awarded 1,148 MW offshore wind contract in New Jersey, fully utilizing its Ocean Wind lease area
The New Jersey Board of Public Utilities (BPU) has issued an order awarding Ocean Wind 2 a 20-year OREC (Offshore Renewable Energy Certificate) for its proposed offshore wind farm with a capacity of 1,148 MW. With today’s award, the Ocean Wind lease will be utilized to its maximum capacity of…
1 July 2021
Baker Hughes Wins Major Contracts from Petrobras for Flexible Pipes Across Five Offshore Fields
Baker Hughes announced that it has been awarded two flexible pipe contracts by Petrobras in the second quarter of 2021. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields and the second contract covers up to 226 kilometers of flexible pipe for…
1 July 2021
Horisont Energi signs letters of intent for commercial carbon storage
Horisont Energi (EURONEXT: HRGI) announced that it has signed several letters of intent with major European companies, continuing its steady progress towards commercial carbon storage off the coast of Norway. Carbon storage facilities on the Norwegian continental shelf are part of Horisont Energi’s large-scale, cost-leading and cutting-edge carbon storage strategy…
30 June 2021
Approved development of Breidablikk field securing activity and jobs
The plan for development and operation (PDO) of the Breidablikk field in the North Sea has been approved by Norwegian authorities. Field investments are approximately NOK 18.6 billion. Production from the field is scheduled to start in the first half of 2024. Equinor and its partners Petoro, Vår Energi and…
30 June 2021
TechnipFMC Awarded a Substantial Subsea Contract for Petrobras’ Búzios 6-9 Fields
TechnipFMC (NYSE: FTI) (PARIS: FTI) announced that it has been awarded a substantial(1) subsea contract by Petrobras for the Búzios 6-9 fields. Located in the Santos basin offshore Brazil, these fields are part of the pre-salt area, with a water depth of 2,000 meters. TechnipFMC will supply subsea trees with…
30 June 2021
Valaris Announces Jackup Contract Award
Valaris Limited (NYSE: VAL) announced that it has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-250 (Bob Palmer), a heavy-duty ultra-harsh environment jackup. The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-250 is now…
30 June 2021
Zarubezhneft to proceed with the development and construction of a 1000 MW wind park in Vietnam
Investors of the Vinh Phong Offshore Wind project, represented by DEME Concessions Wind and Zarubezhneft JSC, and their subsidiaries DEME Offshore and Vietsovpetro have signed a joint Memorandum of Understanding following recent establishment of a consortium for the project development. This Memorandum of Understanding was signed in the framework of…
30 June 2021
Beta jacket for offshore power socket Hollandse Kust (zuid) installed
The second jacket of TenneT's offshore transformer platform for the wind farm Hollandse Kust (zuid) has arrived at its final destination and has been installed, some 22 kilometres off the coast of The Hague. The 2,852-tonne heavyweight was placed on the bottom of the North Sea by a special lifting…
30 June 2021
University of Guyana to Establish World-Class Subsea Centre of Excellence; Partners with COAST Foundation
The University of Guyana, on Thursday, 17 June 2021, signed a Memorandum of Understanding (MOU) with the Caribbean Oceanography Aquaculture and Subsea Technology (COAST) Foundation to collaborate on the establishment of a Subsea Centre of Excellence training facility. This would now allow the University to deliver world-class programmes designed to…
30 June 2021
EMGS secures multi-client and late sale contracts
Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has secured an additional USD 1.2 million in prefunding for the upcoming Utsira High North Sea multi-client survey. The prefunding revenue is expected to be recognised in the fourth quarter of 2021. Additionally, the Company has…
30 June 2021
Contract for CSV Normand Vision with Havfram AS
Solstad Offshore ASA has been awarded a contract with Havfram AS (former Ocean Installer AS) for the CSV Normand Vision. The contract will commence in direct continuation of present agreement in place between the parties. The firm period of the contracts covers the majority of 2022 with options for further…
29 June 2021
Shelf Drilling awarded contract for the Baltic jack-up rig
Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced that it has secured a contract for the Baltic jack-up rig with Total E&P Nigeria Limited for operations offshore Nigeria. The contract duration is for five wells – estimated to be 380 days, plus additional option period, and is…
29 June 2021
GAZ-SYSTEM starts pipelaying for Baltic Pipe project
On 27 June, Castorone, one of the marine vessels responsible for constructing the offshore gas pipeline between Poland and Denmark, started laying Baltic Pipe in the Baltic Sea. The pipelay started at a place near the halfway point of the entire offshore gas pipeline route, in Danish waters, close to…
29 June 2021
Repsol – Gyda – permanent plugging and abandonment of wells, phase II
The Petroleum Safety Authority Norway (PSA) has carried out an audit of Repsol Norge AS (RNAS) and their planning and execution of the permanent plugging and abandonment of wells on the Gyda field, phase II.
29 June 2021
Lundin – consent for use of production facility
The Petroleum Safety Authority Norway (PSA) has given Lundin consent to use a subsea production facility on the Solveig field.
29 June 2021
Dorado Commences FEED
Carnarvon Petroleum Limited (“Carnarvon”) has annoucned shareholders with confirmation that Front-End Engineering and Design (FEED) for the Dorado development in the Bedout Sub-basin, offshore Western Australia has commenced. • FEED for the Dorado oil project has commenced • The design is targeting oil production rate of between 75,000 to 100,000…
29 June 2021
CNOOC Limited Announces Weizhou 11-2 Oilfield Phase II Project Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Weizhou 11-2 oilfield phase II project has commenced production. The Weizhou 11-2 oilfield phase II project is located in Beibu Gulf in the South China Sea with water depth of about 40 meters. In addition to fully…
29 June 2021
SBM Offshore completes US$1.05 billion financing of Prosperity
SBM Offshore is pleased to announce it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion. The project financing was secured by a consortium of 11 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO.…
29 June 2021
Fugro Completes Divestment of Seabed Geosolutions
Fugro has completed the previously announced divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO Seismic Services Limited (PXGEO), for USD 16 million (approximately EUR 14 million) in cash. PXGEO has acquired Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology and…
28 June 2021
Energean plc ("Energean" or the "Company") Rig Contract Signed with Stena for Drilling Campaign, Offshore Israel
Energean has announced that its 100% subsidiary, Energean Israel Limited, has signed a contract with Stena Drilling Limited ("Stena") for its 2022 - 2023 growth drilling programme offshore Israel, which is expected to target the derisking of unrisked prospective recoverable resources of over 1 billion barrels of oil equivalent ("boe").…
28 June 2021
Respol Sinopec Annouce Contract Extension Of Bleo Holm FPSO
Repsol Sinopec Resources UK Limited, its JV Partner RockRose Energy and Bluewater (Floating Production) Limited are pleased to announce the extension of the Bareboat Charter for the Bleo Holm FPSO. The new contract term will run until 31st December 2024, thereafter Repsol Sinopec may take out further 1 year extensions…
28 June 2021
The tender for Hesselø OFW has been put on hold
There is a need to analyze the results of the preliminary site investigation further as soft clay formations have been found in the upper 20-30 meters below the seabed. The tender for Hesselø OFW has been put on hold until the results of the preliminary site investigations have been further…