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28 June 2021
Reabold Resources plc ("Reabold" or the "Company") Completion of Environmental Baseline Survey at Victory Gas Discovery
Reabold, the investor in upstream oil and gas projects, is pleased to provide an update on the Victory Gas Discovery ("Victory"), which is located in the north-west region of the Shetland Isles. Reabold has a 49.99 per cent. interest in Corallian Energy Limited ("Corallian"), which has a 100 per cent.…
28 June 2021
PGS Secures 4D Contract Offshore Guyana
PGS has been awarded a significant 4D acquisition contract by ExxonMobil for work offshore Guyana. A Titan class vessel is scheduled to mobilize for the project in Q4 2021 and acquisition is planned to be completed in Q1 2022. “We acquired the 4D baseline of this area and consider it…
28 June 2021
Approval Of The Frade Field's Development Plan
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, informs its shareholders that the country’s National Petroleum, Gas and Biofuels Agency (“ANP”) has approved on this date the revised Development Plan of the Frade Field. The new Development Plan allows the drilling…
28 June 2021
Belgian Federal Minister of Energy Tinne Van der Straeten names ‘Groenewind' - heralding a new era in offshore wind maintenance
A special naming ceremony was held for the world’s first DP2, twin-hulled Service Operation Vessel ‘Groenewind’ on Friday, June 25. The Belgian Federal Minister of Energy, Tinne Van der Straeten is the godmother of this unique vessel and she smoothly smashed the champagne bottle down on the hull, heralding a…
28 June 2021
Fugro's Geo-Data Platform To Accelerate Delivery Of Atlantic Shores Offshore Wind Project
Fugro has completed the first phase of a 2-year contract with Atlantic Shores Offshore Wind (Atlantic Shores) to build and manage a centralised, cloud hosted Geo-data repository for the company’s lease development off the coast of New Jersey in the US. The web-based engagement platform was recently delivered and utilises…
25 June 2021
Engineering begins on UK’s first large-scale facility that captures carbon dioxide out of the atmosphere
Storegga, a UK company pioneering carbon reduction and removal projects, and Carbon Engineering (“CE”), a leading Direct Air Capture (“DAC”) provider, today announced they have begun engineering and design of a DAC facility that will permanently remove between 500,000 and one million tonnes of carbon dioxide from the atmosphere annually.…
25 June 2021
The Danish Energy Agency publishes the final tender conditions for Thor Offshore Wind Farm
The Danish Energy Agency has today published the final tender conditions for the tendering of Thor offshore wind farm. With the publication all the basic elements of the tender are in place, and the bidders now have four months to prepare their final bid for the offshore wind farm. More
25 June 2021
4Subsea Secures Three-Year Service Agreement to Monitor Vår Energi’s West Phoenix Rig
4Subsea has been awarded a three-year service agreement with Vår Energi to monitor and analyse wellhead integrity to ensure safe operations for the Balder Future drilling and completion operations. The SWIM™ service employs retrofittable subsea sensors to measure movement and strain on the wellhead. It applies advanced algorithms and machine…
25 June 2021
Vestas wins offshore order for Arcadis Ost 1, which will utilise industry-first floating installation method
Vestas has secured a firm order for the 257 MW Arcadis Ost 1 offshore wind project from Parkwind, to deliver 27 V174-9.5 MW turbines 19 km north east off the coast of the Island of Rugen, in the German Baltic Sea. The order confirms the fifth collaboration between Vestas (previously…
25 June 2021
Siem Day contract
Siem Offshore are pleased to announce that a contract has been signed with an internationally recognized client for the utilization of the OSCV "Siem Day". The vessel will undertake cable laying activities on the Norwegian continental shelf during 2022 for a period potentially reaching up to 150 days. It is…
25 June 2021
Vattenfall to sell 49.5% of the offshore wind farm Hollandse Kust Zuid to BASF
BASF and Vattenfall have signed a contract for the purchase of 49.5% of Vattenfall’s wind farm Hollands Kust Zuid by BASF. The purchase price amounts to €0.3 billion and takes into account the achieved status of the project. Including BASF’s contribution to fund the wind farm construction, BASF’s total commitment…
25 June 2021
CNOOC Limited Announces The China’s First Offshore Large-sized Independent Deepwater Gas Field Lingshui 17-2 Gas Field Commences Productio
CNOOC Limited announced that the China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field has commenced production. The Lingshui 17-2 gas field is located in the northern sea of Qiongdongnan Basin, with water depth of approximately 1,560 meters. It was the first large-sized deepwater discovery, with proven…
25 June 2021
Possible new well in PL 882
Operator Neptune, on behalf of Production License 882, has filed an Application of Discharge for well 33/6-6 S in order to test an additional prospect (“Shamu”) in the PL 882. Well 33/6-6 S will be drilled later this year, subject to a discovery in the Dugong tail well and thus…
24 June 2021
Sleipnir breaks records on the Johan Sverdrup Phase 2 development project
On June 18, Sleipnir successfully installed the 12,050 metric ton Johan Sverdrup processing platform (P2) jacket, setting a new record for the heaviest lift jacket installation. This lift comes after the inshore integration of the three P2 topside modules on behalf of client Aibel at the GMC yard in Gismarvik…
24 June 2021
SOCAR Petrofac JV secures new Caspian contract
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a new contract valued at around US$25 million to support the Azeri Central East (ACE) project operated by bp in Azerbaijan. The scope of work includes the provision of Commissioning Technicians…
24 June 2021
7 companies offered ownership interests
Seven companies have received offers of ownership interests in a total of four production licenses on the Norwegian Shelf in the 25th licensing round. Three of the licenses are in the Barents Sea and one license is offered in the Norwegian Sea.
24 June 2021
TGS Announces Acquisition of Three Polarcus 3D Multi-Client Surveys
TGS ASA (‘TGS’), a global provider of energy data and intelligence, today announced that it has acquired three 3D multi-client seismic surveys of Polarcus Plc. (‘Polarcus’) covering a total of 12,200 square kilometers offshore Australia. In addition, Polarcus has permanently waived the revenue share rights associated with the multi-client library…
24 June 2021
Start-up success for bp’s Manuel project at Na Kika platform in Gulf of Mexico
bp today announced a significant milestone with the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021. Manuel includes a new subsea production system for two new wells tied into the Na Kika platform.…
24 June 2021
LLOG Exploration Announces First Production at Praline Field – Mississippi Canyon Block 74
LLOG Exploration Company, L.L.C. (“LLOG” or the “Company”) today announced first production from the Company’s Praline field, a discovery in Mississippi Canyon Block 74. The Praline well was drilled in 2,600 feet of water to a total depth of 13,400 feet and discovered over 125 feet of net hydrocarbons. The…
24 June 2021
Dyna-Mac secures additional orders at provisional sum of S$8.0 million from existing customers and successful completion of projects and loaded out modules with zero loss time incident
The Board of Directors of Dyna-Mac Holdings Ltd. (“Dyna-Mac” and together with its subsidiaries, the “Group”) wishes to announce that the Group has secured additional work scope from existing customers, for a total provisional contract sum of S$8.0 million. The Group was awarded add-on work scope for an ongoing project…
24 June 2021
BW Ideol and Hitachi ABB Power Grids to collaborate on developing scalable floating substations for offshore wind
BW Ideol announced it has signed a memorandum of understanding with Hitachi ABB Power Grids, the world’s leading supplier of grid integration and power quality solutions, for an industry-first collaboration on developing scalable floating substations to support development of profitable commercial-scale floating offshore wind farms with high-capacity wind turbines. Floating…
23 June 2021
The first subsea cable laying work of Binh Dai 310MW Offshore Wind Farm project officially started earlier this week.
Orient Cable are in action to reduce carbon emission in Vietnam! The first subsea cable laying work of Binh Dai 310MW Offshore Wind Farm project officially started earlier this week. “As the Engineering&Procurement&Construction contractor of this project for subsea cable package, we are honored to contribute ourselves to the first…
23 June 2021
Valaris Announces Jackup Contract Award
Valaris Limited (NYSE: VAL) announced today that it has been awarded a three-year contract with North Oil Company offshore Qatar for VALARIS JU-110, a heavy-duty modern jackup. The contract is anticipated to begin in the fourth quarter of 2021.
23 June 2021
CGG Awarded Barents Sea Imaging Contract by Lundin Energy Norway
CGG has been awarded a major project by Lundin Energy Norway AS for the seismic imaging of an innovative simultaneous node and streamer 3D survey currently being acquired over a 3700 km2 area of the Nordkapp basin in the Barents Sea. The survey combines TopSeis™, the source-over-spread seismic technology developed…
23 June 2021
DNV secures CCS pipeline materials study for Neptune Energy in the Dutch North Sea
NV the independent assurance and risk management provider has been awarded the contract for the carbon capture and storage (CCS) pipeline materials study by Neptune Energy Netherlands to assess the fracture and suitability of offshore pipelines for re-use in CO2 transport. The pipeline materials analysis is part of a wider…
23 June 2021
Sale of vessel – Far Spirit
Farstad Marine AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the PSV Far Spirit. Delivery of the vessel to the new owner took place today June 22nd, 2021. The sale of the vessel will result in an immaterial accounting effect for Q2-2021.
23 June 2021
OGA tightens flaring and venting requirements
The Oil and Gas Authority (OGA) has issued consolidated and updated guidance on flaring and venting, which sets out a tougher approach to driving reductions, through clear principles and using the OGA consenting regime and stewardship activity. This approach is supported by updated reporting and disclosure such as the OGA’s…
23 June 2021
Trading & Operations Update
Harbour Energy plc provides a Trading and Operations Update for the five months to 31 May 2021. This Trading and Operations Update is unaudited. Highlights All share merger between Chrysaor Holdings Ltd and Premier Oil plc successfully completed on 31 March to create Harbour Energy plc; integration progressing as planned…
23 June 2021
Asia Pacific renewables generation investments could hit US$1.3 trillion by 2030
Asia Pacific renewables (wind and solar) generation investments could double to US$1.3 trillion over the current decade to 2030 compared to the previous decade (2011 – 2020), says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). In contrast, fossil fuel power investments are expected to decline by around 25% to US$54 billion…
22 June 2021
Maersk Supply Service wins its largest project contract ever
Maersk Supply Service has secured a major project contract for the Libra Consortium in Brazil concerning the pre-lay of the mooring system for a newbuild FPSO in Brazil. The project is integrating engineering, procurement, construction and installation (EPCI) work and will be carried out over 2021 and 2022. “This is…
22 June 2021
Contract award for Viking Prince
Eidesvik Offshore ASA has been awarded a time charter contract with Aker BP ASA for the PSV Viking Prince. The contract is awarded under the current Frame Agreement for a drilling campaign indicated for a period of approximately 100 days, with commencement August 2021.
22 June 2021
Tekmar Energy’s CPS to protect over 1,200MW of new offshore wind capacity in China
Tekmar Energy announces multiple Cable Protection System (CPS) supply contracts to protect over 1,200MW of new offshore wind generating capacity in China. The contracts will see Tekmar Energy engineer, manufacture, and supply over 250 of its patented Cable Protection Systems for four new offshore wind farm projects in the region.…
22 June 2021
TGS Announces New 3D Imaging Program in the U.S. Gulf of Mexico
TGS, a global provider of energy data and intelligence, today announced Sophies Resolve Refocus 3D, an OBC and NAZ imaging program in the U.S. Gulf of Mexico. The program includes approximately 6,175 square kilometers of reprocessed 3D seismic data to provide a high-quality regional product, helping E&Ps further explore new…
22 June 2021
72 wind turbines for the 604 MW Kriegers Flak wind farm successfully installed
Jan De Nul Group installs a total of 72 wind turbines of 8.4MW each on behalf of Vattenfall Denmark. All together, these turbines will produce enough green electricity for the annual needs of approximately 600,000 Danish households. Approximately 4.5 months after the start of this installation campaign in January, Jan…
22 June 2021
Sale of two AHTS – transaction completed
Reference is made to previous stock exchange notices on Friday 18th June 2021 by Siem Offshore Inc, “Siem Diamond”, the second of the two large AHTS vessels sold has today been delivered to the buyer. The company owns 8 large AHTS vessels after the sale.
22 June 2021
Sale of Siem Garnet and Siem Diamond
Siem AHTS Pool AS(“SAP”), a subsidiary of Siem Offshore Inc which owns 10 large AHTS vessels, has agreed to sell two “Siem Garnet” and “SiemDiamond” to an independent third party. The vessels are sold for further trading outside the offshore shipping industry. “Siem Garnet”was delivered to the buyer today and…
22 June 2021
Reactivation Energy Duchess
GOLDEN ENERGY OFFSHORE SERVICES AS has reactivated the PSV ENERGY DUCHESS after 14 months in lay-up caused by the downturn in the market as a result of the Covid-19 pandemic. The reactivation is now completed and the vessel was delivered under her first charter with a first class international operator…
22 June 2021
Energy Data Specialist TGS Releases Enhanced Wind Modelling Dataset Over ScotWind Lease Blocks
TGS, a global provider of energy data and intelligence, has released a comprehensive numerical weather prediction (NWP) model to enhance wind energy knowledge and operations offshore Scotland, including the current ScotWind lease round. TGS now fulfills its ambition to supply the region's most accurate, dynamic, and trusted wind energy dataset…
21 June 2021
Significant discovery in the North Sea
Vår Energi confirms discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern North Sea. The combined King and Prince exploration wells proved successful with the latest preliminary estimates showing volumes between 60-135 million barrels of recoverable oil equivalents. The discoveries…
21 June 2021
Gråsel project comes on stream
Operator Aker BP and the partners in Skarv (Equinor, Wintershall Dea and PGNiG) report that production has started from Gråsel in the Skarv area, four months ahead of the original schedule. “I’m incredibly proud of the project team and our licence partners: Only six months have passed since the joint…
21 June 2021
Peterson awarded TAQA contract
International energy logistics provider Peterson has announced a contract award from client TAQA. The five-year contract will see Peterson continue to deliver integrated logistics services to support TAQA’s North Sea operations and will extend the working relationship between TAQA and Peterson to more than 10 years. Chris Coull, Regional Director…
21 June 2021
Shareholders approve DNeX’s plan to increase its stake in Ping to 90 per cent, enabling expansion in upstream O&G
Dagang NeXchange Berhad (“DNeX”) has received approval from shareholders after its Extraordinary General Meeting today for the company’s proposed acquisition of an additional 60 per cent stake in Ping Petroleum Limited (“Ping”) not owned by DNeX for USD78.0 million (RM314.3 million). Upon completion of the exercise, DNeX will own 90…
21 June 2021
Increased market activity sends more vessels to work
The ’Esvagt Castor’, the ’Esvagt Carpathia’ and several other ESVAGT vessels have been signed up for various offshore campaigns. Positive movement in the offshore oil and gas markets have led to ESVAGT recently signing new contracts for the ’Esvagt Castor’ and the ’Esvagt Carpathia’. Both vessels were signed up for…
21 June 2021
GDG Supports PGE Baltica with Baltica 1 Offshore Wind Farm Engineering
GDG is delighted to continue cooperation with PGE Baltica as their geoscience advisor and engineering consultant on the Baltica 1 project, which is being developed by PGE Baltica in the Baltic Sea and when commissioned will contribute circa 1GW of clean renewable electricity to the Polish grid. This recent collaboration…
21 June 2021
Eni and SKK Migas sign a Memorandum of Understanding (MoU) for cooperation on exploration activities in Indonesia
Eni, through its subsidiary Eni Indonesia, signed today a Memorandum of Understanding with SKK Migas for cooperation on exploration activities in Indonesia. The MoU defines the framework for further cooperation in the processing and interpretation of seismic data owned by the Republic of Indonesia by using Eni’s proprietary technologies and…
21 June 2021
TAQA Submits Plans to Remove Cormorant Alpha Topsides
TAQA has submitted it's plans to remove Cormorant Alpha Topsides to the authorities. More.
18 June 2021
Wintershall Dea – consent to use Deepsea Aberdeen
The Petroleum Safety Authority Norway (PSA) has given Wintershall Dea consent to use Deepsea Aberdeen for production drilling and completion of wells on the Vega field.
18 June 2021
Equinor – Consent for extended operation of Delta L
The Petroleum Safety Authority Norway (PSA) has given Equinor consent for extended operation of the Delta L field. Consent for operation of Delta L expires on 31 December 2021. In order to recover the remaining reserves in the field, Equinor, the operator, has applied for consent to extend the operating…
18 June 2021
Equinor – consent to use Deepsea Atlantic
The Petroleum Safety Authority Norway has given Equinor consent to use Deepsea Atlantic for plugging, drilling and completion of wells on the Sigyn and Sleipner fields.
18 June 2021
Suncor Energy and Terra Nova co-owners reach Agreement in Principle on Terra Nova
Suncor advised that the co-owners of the Terra Nova Floating, Production, Storage and Offloading (FPSO) facility and associated Terra Nova Field (“Terra Nova” or “the project”) have reached an agreement in principle to restructure the project ownership and provide short-term funding towards continuing the development of the Asset Life Extension…