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2 June 2021
Repsol sells its Exploration and Production assets in Malaysia and in Block 46 CN in Vietnam
Repsol has agreed to sell its E&P assets in Malaysia and in Block 46 CN in Vietnam to a fully-owned subsidiary of Hibiscus Petroleum, a publicly-traded company based in Kuala Lumpur. The sale of the company’s upstream assets in Malaysia and in Block 46 CN in Vietnam supports Repsol’s broader…
2 June 2021
Balder completes removal of the Morpeth TLP
Last month, Heerema's DCV Balder completed the offshore removal of the Morpeth Tension-leg Platform (TLP) on behalf of client Eni US Operating Company. Balder mobilized to the Morpeth Field in mid-April to begin executing the TLP removal. The campaign involved the engineering, preparation, removal, and disposal of the offshore infrastructure.…
1 June 2021
Final investment decision for Bacalhau phase 1 in Brazil
Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau is the first greenfield development by an international operator in…
1 June 2021
The Danish Energy Agency approves the Plan for Thor Offshore Wind Farm
Based on the Strategic Environmental Assessment (SEA) of the Plan for Thor Offshore Wind Farm and the public consultation, the Danish Energy Agency concludes that the Plan for Thor can be realized in the dedicated site west of Thorsminde, and without significant impacts to the environment. At the same time,…
1 June 2021
Decision to develop the Hasselmus gas discovery
Draugen operator OKEA ASA and partners Petoro AS and Neptune Energy Norge AS have made the decision to develop the Hasselmus gas discovery. Hasselmus will be the first tie-back to the Draugen production platform and will add in excess of 4,000 barrels of oil equivalents per day to the production. more
1 June 2021
Dry well northwest of the 7324/8-1 (Wisting) oil discovery in the Barents Sea – 7322/6-1 S
Equinor Energy AS, operator of production licence 722, has concluded the drilling of wildcat well 7322/6-1 S. The well was drilled about 320 kilometres north of Hammerfest and 45 kilometres northwest of the 7324/8-1 (Wisting) oil discovery in the Barents Sea. The exploration target for the well was to prove…
1 June 2021
Oceanteam announces divestment of CSV BO101
Oceanteam ASA (“Oceanteam” or the “Company”) and its joint venture partner Bourbon have reached an agreement to sell the construction support vessel Bourbon Oceanteam 101 (the “Vessel’), owned by the joint venture company Oceanteam Bourbon 101 AS (“Sellers”). The Sellers and undisclosed buyers have entered into a NSF agreement for…
1 June 2021
Sale of vessel – Far Scotia
Farstad Construction AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the CSV Far Scotia. Delivery of the vessel to the new owner took place today May 28th, 2021. The sale of the vessel will result in an immaterial accounting effect for Q2-2021.
1 June 2021
TAQA Group Commences One of the Largest Decommissioning Projects in the North Sea
Abu Dhabi National Energy Company PJSC (“TAQA”, the “Company” or the “Group”), one of the largest listed integrated utility companies in the Europe, Middle East and Africa, announced today it has commenced the first major asset removal project and one of the largest topside removal projects of its kind in…
1 June 2021
Ørsted and HOFOR enters into agreement on green power for groundbreaking hydrogen project
Today, Ørsted and HOFOR (Greater Copenhagen Utility) entered into an agreement that will secure green power for part of the potential 1.3 GW Green Fuels for Denmark project to produce sustainable fuels in the Greater Copenhagen area. As part of the agreement, Ørsted and HOFOR will work towards enabling Ørsted…
28 May 2021
OKEA expects significant operational synergies and positive cash flow effects following reorganisation of operations at the Yme field
Repsol Norge AS (“Repsol”), as operator of the Yme licence, has on behalf of the license entered into agreements to take over day-to-day operations of the jack-up rig Mærsk Inspirer from Maersk Drilling (“MD”). According to the agreements, MD will sell Mærsk Inspirer to Havila Sirius AS (“Havila”) and the…
28 May 2021
Wood awarded early design for floating offshore wind project in Ireland
Wood has been awarded a pre-FEED (front-end engineering design) contract by Simply Blue Energy for a proposed floating offshore wind farm located off the west coast of Ireland. The Western Star Floating Offshore Wind project aims to harness the vast wind power of the Atlantic Ocean to produce clean, sustainable…
28 May 2021
Neptune - consent for exploration drilling in the North Sea
The Petroleum Safety Authority Norway has given Neptune consent for exploration drilling in block 33/6 in the North Sea.
28 May 2021
Łeba to become location for operations and maintenance base for Polish Baltic Sea offshore wind projects
Equinor has completed the acquisition of a site at the port of Łeba to serve as the operations and maintenance (O&M) base for the Polish Baltic Sea offshore wind projects. The announcement makes Equinor the first developer to confirm an offshore wind maintenance port in Poland together with the joint…
28 May 2021
Eni and Progressive Energy join forces to accelerate UK CCS development
Eni and Progressive Energy Limited have announced the signing of a framework agreement to further accelerate carbon capture and storage (CCS) within the HyNet North West low carbon cluster project. Under the agreement, Eni will develop and operate both the onshore and offshore transportation and storage of CO2 in their…
28 May 2021
bp, Baker Hughes and Odfjell Drilling form alliance for Clair field
bp, Baker Hughes and Odfjell Drilling have entered into a tripartite agreement to work together to transform platform drilling and completions activity at the bp-operated Clair field – the largest oilfield in Western Europe. A new five-year agreement, with the option to extend for a further four years, the Clair…
28 May 2021
Archer Oiltools secures frame agreement with Wintershall Noordzee B.V. for P&A Campaign
Archer Oiltools has been awarded the P&A campaign for Wintershall Noordzee B.V. in 2021/22. The scope awarded to Archer is Perforate, Wash and Cement & Formation Integrity testing tools & Services and Downhole Tools on Tubing conveyed & Plugs-Cutters for 22 wells with an option of another 20 wells. Hugo…
28 May 2021
Contract Award
Ross Offshore AS has signed a five year frame agreement with OMV (Norge) AS within the following Well Management scope(s)Leased Personnel, Well Management Services, Marine Logistics Services.Ross Offshore are excited to continue cooperation with OMV by signing this Frame Agreement (plus 2×2 years options) within the named scopes.Ross Offshore will…
27 May 2021
Equinor bringing in a third Odfjell rig
Odfjell has been awarded a drilling contract for its Deepsea Stavanger mobile rig, scheduled to start drilling in February 2022. The contract includes continuing options after the initial phase. The contract value is estimated at around USD 40 million for the fixed part of the contract. Drilling services and other…
27 May 2021
Maersk Drilling adds well intervention scope for low-emission rig with Equinor
Equinor Energy AS has exercised an option to add well intervention work at the Martin Linge field offshore Norway to the previously agreed work scope for the ultra-harsh environment jack-up rig Maersk Intrepid. The well intervention scope has an estimated duration of 29 days. The firm value of the contract…
27 May 2021
IRENA and Siemens Energy Sign Partnership Agreement
The International Renewable Energy Agency (IRENA) has signed a partnership agreement with Siemens Energy aimed at advancing the global energy transition. Under the agreement, the organisations will strengthen collaboration on the application of technology to advance and deepen the transition to renewable energy around the world. The wide-ranging scope of…
27 May 2021
GONDAN launched a new Commissioning Service Operation Vessel
At GONDAN Shipyard in Figueras, at high tide, the launching of a new Commissioning Service Operation Vessel – built for the Norwegian shipowner Edda Wind AS – has just taken place. The vessel has a length of 88,3 m and a beam of 19,7 m, it has been designed by…
27 May 2021
PGS ASA: Secures Q4 Work for Ramform Vanguard
PGS has been awarded a significant acquisition contract in the Black Sea. The project is scheduled to start mid-August 2021 and be completed in November. There are options related to the contract with potential for the program to extend well into 2022. The Ramform Vanguard will acquire the survey using…
27 May 2021
Floatel International Ltd: Contract Awards
The Company is proud and honoured to announce that the Group has been awarded its first offshore wind farm contract. The Group will support Ørsted in constructing its Greater Changhua 1 & 2a Offshore Wind Farms located some 35-60 kilometers offshore Taiwan by providing construction support services including accommodation and…
27 May 2021
Shearwater GeoServices joins Centre for Geophysical Forecasting
Shearwater GeoServices Holding AS (“Shearwater”) today announced it has joined, as a partner, the Centre for Geophysical Forecasting (CGF), a research centre hosted by the Norwegian University of Science and Technology (NTNU). CGF’s vision is to create a world-leading research and innovation centre for geophysical forecasting and sustainable resource exploitation.…
27 May 2021
Energean plc (“Energean” or the “Company”) Operational Update
Energean plc (LSE: ENOG, TASE: אנאג) is pleased to provide an update on recent operations and the Group’s trading performance in the 3-months to 31 March 2021. Highlights Production in the four-months to 30 April 2021 was 44.2 kboepd (72% gas)15% ahead of the mid-point of full year guidanceGuidance increased…
26 May 2021
Benthic completes Santos Dorado field geotechnical site investigation services, Australia
Benthic, a global geosciences company and part of the Geo-Services segment within marine energy and infrastructure services group Acteon, has provided Santos with geotechnical site investigation services at the Dorado field off the coast of Western Australia. The work included geophysical and geotechnical surveys, consisting of multiple Cone Penetration Testing…
26 May 2021
Equinor, RWE and Hydro team up for offshore wind in the Norwegian North Sea
Equinor, RWE Renewables and Hydro REIN have signed a collaboration agreement for offshore wind in Norway. The partners will jointly prepare and submit an application to the Norwegian authorities to develop a large-scale bottom-fixed offshore wind farm in the Sørlige Nordsjø II area in the Norwegian North Sea. The Norwegian…
26 May 2021
Petrofac to support Direct Air Capture project funded under Government plans to make UK world leader in Greenhouse Gas Removals
Storegga, through its wholly owned subsidiary Pale Blue Dot Energy, is pleased to announce it has been awarded a £249,000 grant by the UK Government’s Department for Business, Energy and Industrial Strategy (“BEIS”) for a development project in Direct Air Capture (“DAC”) – a technology that captures carbon dioxide (“CO2”)…
26 May 2021
Multiple contract awards in Brazil
DOF Subsea is pleased to announce the awards of multiple Vessel and ROV contracts to support the Ocean Bottom Node Seismic campaigns by Shearwater GeoServices Holding AS on Petrobras’s Jubarte, Tupi and Iracema fields offshore Brazil.The vessel Skandi Neptune has been allocated for the project and is now getting ready…
26 May 2021
ADNOC Awards $744 Million Contract for Full Field Development of the Belbazem Offshore Block
The Abu Dhabi National Oil Company (ADNOC) announced today, the award of a $744 million (AED2.73 billion) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximize value from all of Abu Dhabi’s fields as it expands its oil production capacity to…
26 May 2021
Fugro Site Characterisation Contracts Renewed For Atlantic Shores Offshore Wind
Fugro has received a contract renewal from Atlantic Shores Offshore Wind (Atlantic Shores) for the provision of real-time wind and metocean measurements off the coast of New Jersey in the US over the next 2 years. The award is the latest in a set of three contract renewals between Fugro…
26 May 2021
OGA launches GIS virtual gallery of apps to make data more accessible
The Oil and Gas Authority (OGA) has launched a virtual map gallery showcasing six of OGA’s most popular and recent apps allowing users to explore our huge range of data in an easily-accessible way. The six featured apps – UKCS Lease Agreements, Daily Production Data, Exploration and Appraisal Wells, Offshore…
26 May 2021
Hendrik Veder Group helps Saipem with offshore project in Baltic Sea
Saipem, a service provider in the oil and gas industry, has been commissioned with an offshore project in the Baltic Sea. The project involves using ships to lay an underwater gas pipeline of around 275 kilometres in length. Hendrik Veder Group is helping Saipem to refurbish lifting equipment that it…
26 May 2021
Biden-Harris Administration Advances Offshore Wind in the Pacific
Secretary of the Interior Deb Haaland, National Climate Advisor Gina McCarthy, Under Secretary of Defense for Policy Dr. Colin Kahl, and California Governor Gavin Newsom announced an agreement to advance areas for offshore wind off the northern and central coasts of California. This significant milestone is part of the Biden-Harris…
25 May 2021
Deltic Energy Plc ("Deltic" or "the Company") Licence P2252 Pensacola Well - Site Survey Contractor
Deltic Energy Plc is pleased to announce that Shell U.K. Limited ("Shell" or the "Operator"), its Joint Venture Partner and Operator of Licence P2252, has appointed Fugro GB North Marine Limited to carry out geophysical and geotechnical site survey works over the Pensacola Prospect in preparation for the drilling of…
25 May 2021
Hibiscus Petroleum Corporate and Business Update
Highlights • Hibiscus Petroleum announced earnings before interest, taxes, depreciation and amortisation (“EBITDA”) of RM122.4 million and a profit after taxation (“PAT”) of RM32.0 million for the financial quarter ended 31 March 2021 (“Current Quarter”), a quarter-on-quarter rise of 94% and 167% respectively on the back of higher oil prices.…
25 May 2021
Aker Solutions Signs Contract for East Anglia THREE Offshore Wind Project
Aker Solutions, in a consortium with Siemens Energy, has signed a contract with ScottishPower Renewables with the intention to provide the HVDC (high-voltage, direct current) converter stations for the East Anglia THREE offshore wind project in the UK. The delivery of a very large1 EPCI scope for East Anglia THREE…
25 May 2021
Tailwind acquires BP’s interests in the Shearwater Field
Tailwind has agreed to acquire BP’s entire working interest in the Shearwater field, effective 1st January 2021. BP holds a 27.5% non-operated interest in Shearwater. The transaction, which is subject to partner and regulatory approvals, furthers Tailwind’s growth strategy by adding another high-quality producing asset to our portfolio.
25 May 2021
Serica Energy plc (“Serica” or the “Company”) Columbus and R3 Operational Update
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, provides the following operations update. The Columbus development well was spudded in mid-March and drilled, as planned, to a total measured depth of 17,600ft.…
25 May 2021
Dyna-Mac secures new order at provisional sum of S$197 million from BW Offshore
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 a fabrication project from BW Offshore group , a repeat customer, for a total estimated contract value of S$197 million. The contract with a wholly-owned subsidiary…
25 May 2021
Santos commences Bayu-Undan Phase 3C infill drilling campaign
Santos, as operator of the Bayu-Undan Joint Venture, today announced the Phase 3C infill drilling program has commenced at the Bayu-Undan field, in Timor-Leste offshore waters. The program, given a Final Investment Decision in January this year, comprises of three production wells and will develop additional natural gas and liquids…
25 May 2021
SeaBird Exploration Plc: Q1 2021 update - Rebranding and reorganizing into Green Energy Group
SeaBird Exploration Plc announces its first quarter 2021 update and report. Headlines Q1 2021 * Rebranding and reorganizing into Green Energy Group (SBX Plc, "The Company") to be proposed to the upcoming AGM * Rebranding marks a change in strategy and commitment to the green energy transition * Green Energy…
24 May 2021
Launch of HIP Atlantic Project and World-Leading Power Cable Plant in Northeast England
Hecate Independent Power Limited (“HIP”) announces the launch of its HIP Atlantic Project for installing 10,000 MW of fixed and floating wind turbines in the North Atlantic connected to the United Kingdom by long-length, high-capacity, high-voltage direct current (HVDC) submarine power transmission cables. These cables are to be manufactured in…
24 May 2021
BASF and RWE plan to cooperate on new technologies for climate protection
In Ludwigshafen, Germany, Dr. Martin Brudermüller (BASF) and Dr. Markus Krebber (RWE), accompanied by Chairman of the Mining, Chemical and Energy Industries Union (IG BCE) Michael Vassiliadis, presented a project idea that shows how industrial production can become sustainable and future-proof. The project envisions an additional offshore wind farm with…
24 May 2021
Subsea 7 awarded contract offshore Brazil
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a very large(1) contract by Petrobras for the development of the Mero-3 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos…
24 May 2021
Drilling permit for well 16/1-34 S in production licence 167
The Norwegian Petroleum Directorate has issued a drilling permit to Lundin Energy Norway AS for well 16/1-34 S, cf. Section 13 of the Resource Management Regulations. Well 16/1-34 S will be drilled from the Deepsea Stavanger drilling facility at position 58°58'51.45"N and 02°18'48.53"A. The drilling programme for well 16/1-34 S…
24 May 2021
Finder acquires North Sea acreage from Azinor
Finder Energy is pleased to announce that it has completed the acquisition of two highly prospective UK North Sea operated licences, P2502 and P2524, from Azinor Catalyst Limited (Azinor). P2502 is located on the western edge of the East Shetland Basin, Northern North Sea, and covers an area of 424…
24 May 2021
Tailwind agrees sale of Conwy Field to Eni
Tailwind announces that it has agreed to sell its entire working interest in the Conwy field to Eni UK Limited (“ENI”) with effect from 1st July 2021, subject to regulatory approvals. Conwy has had an excellent safety and production record under Tailwind ownership but now the asset fits more readily…
24 May 2021
Bahamas Petroleum Company PLC ("Bahamas Petroleum" or the "Company") Change of Name to Challenger Energy Group PLC
Bahamas Petroleum, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and onshore and offshore exploration assets across the region, is pleased to announce that, further to the passing of all resolutions at the Company's Extraordinary General Meeting on 17 May 2021, the Company's change…