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24 May 2021
Pathway to critical and formidable goal of net-zero emissions by 2050 is narrow but brings huge benefits, according to IEA special report
The world has a viable pathway to building a global energy sector with net-zero emissions in 2050, but it is narrow and requires an unprecedented transformation of how energy is produced, transported and used globally, the International Energy Agency said in a landmark special report.Climate pledges by governments to date…
21 May 2021
Shell signs agreement to sell interest in Malampaya, Philippines
Shell Petroleum N.V. has signed an agreement with Malampaya Energy XP Pte Ltd (a subsidiary of Udenna Corporation), for the sale of its 100% shareholding in Shell Philippines Exploration B.V. (SPEX). SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field. The…
21 May 2021
Kistos plc ("Kistos" or the "Company") Completion of Acquisition, Commitment to Net Zero Scope One Emissions from Completion and Trading Update
Kistos, the low carbon gas producer, is pleased to announce the completion of the acquisition of the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. on the terms set out in the Company's admission document dated 21 April 2021. Kistos has committed to ensuring its Scope One…
21 May 2021
WIND, one of the leading companies of OWIC, officially opened a new cable storage facility in Eemshaven.
WIND, one of the leading companies of OWIC, officially opened a new cable storage facility in Eemshaven. The facility provides ample open air and warehouse storage space for future cable storage projects. After recently opening a cable storage yard in Taiwan, Eemshaven is WIND’s third storage facility in The Netherlands,…
21 May 2021
Offshore wind industry seeks step-change in cost reduction by raising the array voltage
A new project to build industry consensus on setting the future standard array voltage for offshore wind farms has been launched. The High Voltage Array Systems (Hi-VAS) project is the latest joint industry initiative led by the Carbon Trust as part of the Offshore Wind Accelerator (OWA) programme. It aims…
21 May 2021
Contract Awards
Reach Subsea ASA (“Reach”) has been awarded a call-off under the companies frame agreement with BP for 2021 execution, representing about 80 project days. The project involves both IMR and construction support work in Trinidad & Tobago, and will be performed by the Stril Explorer spread in co-operation with MMT.…
21 May 2021
Normand Maximus – Saipem – Settlement agreement
As previously communicated to the market, Solstad Offshore ASA’s subsidiary Normand Maximus Operations Limited has been pursuing legally the unpaid termination fee and other claims following the early termination by Saipem (Portugal) Comercio Maritimo Sociedade Unipessoal Lda, of the time charter party for “Normand Maximus”. Normand Maximus Operations Limited and…
21 May 2021
Hydra Acquires 15-Man Saturation Diving System with SPHL
Hydra Offshore & Subsea Construction recently purchased the SAT-9, a 15-man saturation diving system complete with Self-Propelled Hyperbaric Lifeboats (SPHL). It is American Bureau of Shipping (ABS) classed and International Marine Contractors Association (IMCA) compliant. SAT-9 is capable of diving to depths of up to 1,000 feet of sea water…
21 May 2021
Fincantieri and Comau come together for the innovation of production processes with robotics
Fincantieri and Comau, two Italian excellences and world leaders in their respective reference markets, signed a letter of intent to develop prototypes of robotized steel welding solutions and the resulting construction of series of machines, to be implemented at first in Fincantieri shipyards. Comau CEO, Paolo Carmassi, and Fincantieri General…
20 May 2021
Development Concept Selected For Halten East
Spirit Energy has together with three other oil companies selected a concept for developing six discoveries in a joint unitisation project on Haltenbanken in the Norwegian Sea. The development concept is a subsea tie-back to Åsgard B platform, utilising existing facilities and infrastructure. The Haltenbanken East project will be developed…
20 May 2021
Gas/condensate and oil discovery near the Dvalin field in the Norwegian Sea – 6507/4-2 S
Wintershall DEA Norge AS, operator of production licence 211, has concluded the drilling of wildcat well 6507/4-2 S. The well was drilled about 12 kilometres north of the Dvalin field in the Norwegian Sea, and 270 kilometres north of Kristiansund. The well's primary exploration target was to prove petroleum in…
20 May 2021
Nexans wins major umbilicals contract with Subsea Integration Alliance for Equinor’s Bacalhau ultra-deepwater oil project offshore Brazil
Nexans has further extended its long-standing relationship with the Subsea Integration Alliance (SIA) by winning a major contract to design, manufacture and supply 44 km of steel tube umbilicals and accessories for the Bacalhau ultra-deepwater oil field development project. Equinor’s offshore project in Brazil is targeting pre-salt reservoirs in the…
20 May 2021
Horisont Energi and Equinor enter joint development agreement on Polaris Carbon Transport and Storage Project
Horisont Energi AS (EURONEXT: HRGI) and Equinor ASA have entered into an agreement to further mature the carbon transportation and storage project Polaris, off the coast of Northern Norway. The Polaris carbon storage is expected to have a total carbon storage capacity in excess of 100 million tons, which is…
20 May 2021
Maersk Supply Service to enter Norway
Maersk Supply Service will reflag one of its energy-efficient M-class anchor handling vessels to the Norwegian flag, hire Norwegian crew and set up an office in Bergen. The plan is to have its first vessel ready for operation in Norwegian waters during summer 2021. With a strong focus on the…
20 May 2021
Valaris Limited Announces Jackup Contract Award
Valaris Limited (NYSE: VAL) announced today that it has been awarded a contract of approximately 45 days with W&T Offshore in the U.S. Gulf of Mexico for VALARIS JU-117 (Ralph Coffman), a heavy-duty modern jackup. The contract is anticipated to begin in July 2021.
20 May 2021
Eni and bp to explore combining Angolan interests into new joint venture
bp and Eni announced that they have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas and LNG interests in the country. The companies believe that combining their efforts in a new joint venture company…
20 May 2021
Westwood: Record number of FPSO licenses set to expire in 2022
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals the number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming available by end of 2022.…
19 May 2021
GE Renewable Energy finalizes contracts for third phase of Dogger Bank offshore wind farm
GE to provide 87 Haliade-X 14 MW for Dogger Bank C, the third and final phase of the Dogger Bank offshore wind farm The Turbine Supply contract represents the first commercial commitment for the Haliade-X 14 MW Turbine installation will begin in 2025 ahead of overall wind farm completion in…
19 May 2021
Jan De Nul successfully executes cable repair work for TenneT in the German Bight
Jan De Nul Group has successfully repaired TenneT’s AC108 cable connecting the Trianel Borkum offshore substation with Tennet's DolWin alpha convertor station. The repair job is part of the Service Level Agreement for cable repairs that Jan De Nul Group and TenneT entered into in 2019. TenneT engaged Jan De…
19 May 2021
Xodus delivers oil release risk review for the Maritime & Coastguard Agency
A NEW study mapping-out potential risks to the UK’s coastal environment, marine life and traffic as a result of hydrocarbon releases from energy industry activity and shipping has been completed, helping to inform the Maritime and Coastguard Agency’s (MCA) future response strategy. Xodus Group, in association with London Marine Consultants,…
19 May 2021
Atlantique Maritime Services Buys A Damen FCS 2610 To Serve The Growing French Offshore Wind Market
Damen is delighted to have sold one of its iconic Fast Crew Suppliers to French workboat operator Atlantique Maritime Services (AMS). The Damen FCS 2610, named JLD Jayce, will be the first Damen Crew Transfer Vessel fully dedicated to the French offshore wind industry. AMS, which is part of Groupe…
19 May 2021
TGS and Halliburton Collaborate to Advance Seismic Reservoir Monitoring
Halliburton Company (NYSE: HAL) and TGS-NOPEC Geophysical ASA (OSLO: TGS) announced a collaboration to bring advanced seismic imaging to fiber optic sensing. The alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage. The Halliburton FiberVSP™ and Odassea™ distributed acoustic…
19 May 2021
Ørsted, JWD, and Eurus form offshore wind partnership in Akita
Ørsted, Japan Wind Development Co. (JWD) and Eurus Energy have formed a partnership with the aim of jointly developing offshore wind projects in the Akita Prefecture. The three companies have been developing two designated offshore wind sites under Japan's Offshore Renewable Energy Act of 2018, both of which are located…
19 May 2021
Gas Discovery in Block SK438, Offshore Sarawak, Malaysia
PTT Exploration and Production Public Company Limited, or PTTEP wishes to announce that PTTEP HK Offshore Limited (PTTEP HKO), a wholly-owned subsidiary of PTTEP, has successfully made a discovery of gas at the first exploration well, Kulintang-1, in Block SK438, located in offshore Sarawak, Malaysia.Commenced in March 2021, the Kulintang-1…
19 May 2021
PGS Flex Vision Reveals Significant Nearfield Potential
Additional full integrity products have been released from the PGS Flex Vision data rejuvenation program in the Gulf of Mexico. The application of new imaging technology to the prolific Flex Trend has revealed nearfield opportunities that boost potential far beyond original estimates. New data unlocks opportunities adjacent to existing discoveries,…
18 May 2021
TechnipFMC Awarded a Significant Subsea Contract for Ithaca Energy’s Captain EOR Project
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that it has been awarded a significant(1) Engineering, Procurement, Construction and Installation (EPCI) contract from Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. TechnipFMC will design, manufacture, deliver and install subsea equipment including a rigid…
18 May 2021
Tyra Redevelopment Commissioning Contract
The Tyra Redevelopment Project is led by Total E&P Denmark and includes the installation of eight new platforms at the Tyra Field in the Danish North Sea. The new platforms are fabricated in Indonesia, Singapore and Italy, and will be installed in 2021 and 2022. Actemium and Semco Maritime have…
18 May 2021
ASCO Contract Win Plays Part in SNS Development
Global integrated logistics and materials management company, ASCO, has been contracted to provide logistics and supply base services for Phase One of a major development project in the Southern North Sea (SNS). Awarded by Petrofac in line with its role as Well Operator for IOGs’ development of the Southwark, Blythe…
18 May 2021
Oceanteam secures contract for the provision of cable transport spread
Oceanteam has been awarded a contract for the provision of a cable transport spread for a project in the German Baltic area which will commence in May 2021 and is expected to be completed in the summer of 2021. The contract scope of Oceanteam comprises of engineering, project management and…
18 May 2021
Ørsted breaks ground on first renewable hydrogen project
Ørsted has started the onsite construction work on the H2RES project in Copenhagen. The Danish minister for Climate, Energy & Utilities, Dan Jørgensen, initiates the onsite construction of H2RES. Today, Dan Jørgensen, the Danish minister for Climate, Energy & Utilities, led the groundbreaking ceremony of the H2RES project, marking the…
18 May 2021
Dry well south of the Sleipner Øst field in the North Sea – 15/12-26
Chrysaor Norge AS, operator of production licence 973, has completed the drilling of wildcat well 15/12-26. The well was drilled 26 kilometres south of the Sleipner Øst installation and 9 kilometres south of the Grevling discovery in the North Sea, about 240 kilometres west of Stavanger. The objective of the…
18 May 2021
Fugro Awarded Significant Site Characterisation Contract For German Offshore Wind Development
Fugro has been awarded a multi-year site investigation contract by Germany's Federal Maritime and Hydrographic Agency (Das Bundesamt für Seeschifffahrt und Hydrographie (BSH)). The programme will be completed in three parts divided over the coming 3 years and comprises geotechnical investigations for offshore wind farm development areas in the German…
18 May 2021
Awarded 4D OBN monitor survey in the Norwegian North Sea for Q3 2021
Magseis Fairfield has been awarded a 4D Ocean Bottom Node (OBN) monitor survey in the Norwegian North Sea. The survey is anticipated to start in the third quarter 2021, and have a duration of just under one month. The survey will be conducted using Magseis Fairfield’s MASS node technology. “This…
17 May 2021
IOG plc Phase 1 Duty Holder and Operations Contract awarded to ODE Asset Management
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 that, as operator of its joint venture (JV) with CalEnergy Resources (UK) Limited (CER), it has awarded the Phase 1 Duty Holder contract for…
17 May 2021
Spirit Energy – life extension for facilities on the Vale field
The Petroleum Safety Authority Norway (PSA) has given Spirit Energy Norway AS (Spirit Energy) consent to use the facilities on the Vale field beyond their original lifespan. In order to recover the remaining reserves on the Vale field, Spirit Energy has applied for consent to extend the life of the…
17 May 2021
Equinor – consent for use of Martin Linge
The Petroleum Safety Authority Norway has given Equinor consent to use the Martin Linge platform, pipelines and onshore control room for start-up and operations.
17 May 2021
Maersk Drilling awarded one-well UK contract by INEOS
Maersk Drilling has secured a contract from INEOS Oil & Gas UK to employ the harsh-environment jack-up rig Maersk Resolve for drilling and hydraulic stimulation at the Breagh Alpha A11 well in block 42/13 of the UK North Sea. The contract is expected to commence in Q3 2021, in direct…
17 May 2021
Maersk Drilling divesting jack-ups Maersk Guardian and Mærsk Gallant
Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The total sales price for the two rigs is USD…
17 May 2021
Hexicon to develop TwinWay project for floating wind in Norway
Hexicon will develop a demonstrator project for floating wind power at Metcentre’s deep water area off of Norway’s coast. The project, TwinWay, is a pilot to commercialise new offshore floating wind technology. With the project, Hexicon and Metcentre want to show proof of floating wind power in deep waters as…
17 May 2021
New coalition of industry and academia to commercialise solution for full recyclability of wind turbine blades
A coalition of industry and academic leaders have developed a new technology to enable circularity for thermoset composites, the material used to make wind turbine blades. The new technology delivers the final technological step on the journey towards a fully recyclable wind turbine value chain. To enable the adoption of…
17 May 2021
National Offshore Wind Research and Development Consortium Announces Offshore Wind Supply Chain Roadmap Project
The National Offshore Wind Research and Development Consortium has announced a comprehensive U.S. offshore wind supply chain project. Launched on the 13th May, the purpose of the Supply Chain Roadmap is to present the collective benefits of a domestic supply chain and facilitate the acceleration of the offshore wind industry in…
14 May 2021
Upstream spending, cut by $285 billion in two years, will struggle to recover to pre-pandemic levels
The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels in the coming period, according to a Rystad Energy report.…
14 May 2021
IOG plc Collaboration Agreement with GeoNetZero CDT on Southern North Sea carbon capture and storage research
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 that it has signed a collaboration agreement with GeoNetZero CDT, Heriot-Watt University's Centre for Doctoral Training, a leader in applying geoscience to the challenges…
14 May 2021
“Back the Scottish Cluster” Campaign Launched
The Scottish Cluster – uniting communities, industries, and businesses to deliver Carbon Capture and Storage (“CCS”), hydrogen and other low carbon technologies, supporting Scotland, the UK and Europe to meet net zero goals, while creating low carbon jobs and sustaining vital but hard to abate industries The Scottish Cluster, led…
14 May 2021
Pathfinder relaunch helps revitalise offshore energy supply chain
One-stop shop for future UKCS work and collaborative opportunities Improved service will support Energy Transition Sub-contractors benefit from details of Tier 1 contract awards Maintenance & Operation contract opportunities added to the system The Pathfinder website is attracting thousands of users and being widely praised throughout the industry following its…
14 May 2021
SDRL – New Angola Contract for Seadrill Joint Venture Quenguela Drillship
Seadrill Limited (“Seadrill”) is pleased to announce a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”), the 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”). Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for…
14 May 2021
PXGEO secures a 12 month vessel commitment from TGS
PXGEO has entered into an agreement with TGS to provide 12 months of high-end towed-streamer seismic acquisition services to TGS-NOPEC Geophysical Company ASA (TGS). TGS has committed to utilising “PXGEO 2” or any other capable vessel which PXGEO introduces to its fleet for 12 months of marine seismic acquisition services…
14 May 2021
Schlumberger and NOV Announce Collaboration to Accelerate Adoption of Automated Drilling Solutions
Schlumberger and NOV announced today a collaboration to accelerate automated drilling solutions adoption by oil and gas operators and drilling contractors. The agreement will enable customers to combine Schlumberger surface and downhole drilling automation solutions with NOV’s rig automation platform to deliver superior well construction performance. This integrated offering enables…
14 May 2021
Dayang Enterprise secures maintenance services contract from Shell in Sabah, Sarawak
Dayang Enterprise Holdings Bhd has been awarded a contract by Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Company Ltd (SSPC) for the provision of topside major maintenance services."The value of the contract is based on work orders issued by SSB and SSPC throughout the contract duration and shall include…
13 May 2021
Maersk Drilling secures one-well contract extension with Total in Suriname
Total E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Mærsk Developer. The contract extension has an estimated duration of 100 days, with work expected to commence in end-May 2021…