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5 May 2021
PanGeo Subsea Delivers Sub Bottom Imager™ into Taiwan
PanGeo Subsea announces the introduction of the patented Sub-Bottom Imager™ (SBI) to Taiwan to deliver sub-seabed imaging for Jan de Nul, in support of Formosa 2 Offshore Wind Farm Project. Initially, PanGeo plans to have one SBI unit resident in Taiwan with a plan to ship additional SBI units as…
5 May 2021
Shelf Drilling Awarded New Contract in India with ONGC
Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced that it has received an award for a three-year contract for the J.T. Angel jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q4 2021.
5 May 2021
Gulf Marine Services PLC ('Gulf Marine Services', 'GMS', 'the Company' or 'the Group') New Contract Win
GMS, a leading provider of advanced self-propelled, self-elevating support vessels serving the offshore oil, gas and renewables industries, is pleased to announce it has secured a 9 month contract for a K-Class vessel in the MENA region, commencing in Q3 of this calendar year. With this contract win, secured utilisation…
5 May 2021
BHP Announces First Oil from Ruby in Trinidad and Tobago
BHP today announced first oil production from the Ruby Project in offshore Trinidad and Tobago. Ruby is located offshore Trinidad and Tobago in the shallow water in Block 3(a) within the Greater Angostura Field. The development consists of both oil and gas production from the Ruby and Delaware reservoirs via…
5 May 2021
West Mira Contract Update
Seadrill Limited (“Seadrill” or the “Company”) (OSE:SDRL, OTCQX:SDRLF) announces that a termination notice has been received for the West Mira from Wintershall Dea. The West Mira has had a period of unproductive time following an equipment failure on 19 March 2021. Seadrill has been working diligently with Wintershall Dea, and…
5 May 2021
Valaris Successfully Completes Restructuring
Valaris Limited (NYSE: VAL) ("Valaris" or the "Company" and together with its subsidiaries, the "Valaris Group") today announced that, on April 30, 2021, the Valaris Group has successfully completed its financial restructuring and emerged from chapter 11. The Valaris Group's Plan of Reorganization (the "Plan") was approved and confirmed by…
5 May 2021
TechnipFMC Announces First Quarter 2021 Results
s previously announced, on February 16, 2021, the Company completed the partial spin-off of Technip Energies to its shareholders. Financial results for Technip Energies are reported as discontinued operations. Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated, “Our first quarter as a leading pure play, technology and services provider to…
4 May 2021
Neptune Energy acquires interest in the Pegasus West discovery
Neptune Energy today announced it has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West discovery and surrounding acreage (P1724, P1727, P4257 and P2128) in the UK Southern North Sea. Pegasus West was discovered in 2014 and is currently operated by Spirit Energy. Entry by Neptune into…
4 May 2021
Baker Hughes awarded subsea contract for Petrobras’ Marlim and Voador fields in Brazil
Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. The contract includes several key technologies from Baker Hughes’ Subsea Connect portfolio and will provide Petrobras with a connected suite of solutions…
4 May 2021
Upgraded Aeolus starts work on French offshore wind farm
After extensive preparations, offshore installation vessel Aeolus is starting the installation of the first of 62 jacket foundations for the Saint-Brieuc offshore wind farm project. The wind farm is located 16,3 kilometres off the coast of Brittany and has a total capacity of 496 MW. Before installing the very first…
4 May 2021
Neodrill announces North Sea frame agreement with Lundin Energy Norway
Neodrill has signed a frame agreement with major oil and gas operator Lundin Energy for the deployment of industry-leading CAN-ductor technology. The growth of the Neodrill-Lundin relationship, which has developed over the past 7 years, highlights the drive of forward-thinking operators to utilise innovative technologies to modernise and streamline operations…
4 May 2021
Draft decision for gas extraction from field N05-A
The Ministry of Economic Affairs and Climate has announced plans to grant ONE-Dyas licences for bringing the N05-A gas field in the North Sea into production. The draft decision was published and made available for inspection on the 23 April 2021. Aligned to the Dutch government’s small fields policy, the…
4 May 2021
Equinor consent to use Maersk Intrepid
The Petroleum Safety Authority Norway (PSA) has given Equinor consent to use the Maersk Intrepid mobile drilling rig for production drilling and completion on the Martin Linge field in the North Sea.
4 May 2021
Exploring Congo in Context with MegaSurveyPlus
The remaining potential offshore Congo is unlocked by a quantitative interpretation of our large MegaSurveyPlus dataset. The geology of the region is revealed beyond block boundaries, enabling new insights into the petroleum systems, play fairways, and analogous discoveries. Opportunities can now be analyzed in reliable prestack detail down to prospect…
4 May 2021
Aleron Ltd Establish New Partnership Agreement With Sea.O.G Offshore
Aleron Ltd, specialists in complete ROV & tooling solutions, are pleased to announce their newly established partnership with SEA.O.G Offshore. The USA company, with bases in Houston, Texas and New Bedford, Massachusetts, is a leading provider of Maritime Support Services for the Oil & Gas and renewable industries. The new…
3 May 2021
Vitol’s Vencer Energy makes first investment to acquire Midland Basin assets
Vitol’s US upstream company, Vencer Energy LLC (“Vencer”), has today announced it has agreed to acquire Hunt Oil Company’s Midland Basin assets for an undisclosed sum. It is Vencer’s first acquisition since it was established by Vitol last year. The assets comprise 44,000 acres across five counties in the Midland…
3 May 2021
Equinor first quarter 2021 results
Equinor reports adjusted earnings of USD 5.47 billion and USD 2.66 billion after tax in the first quarter of 2021. IFRS net operating income was USD 5.22 billion and the IFRS net income was USD 1.85 billion. The first quarter of 2021 was characterised by: Strong results due to price…
3 May 2021
Siemens Gamesa maintains positive start to 2021 with solid financial performance in Q2
Siemens Gamesa continued its positive start to fiscal year 2021 as solid performances in both the Offshore and Service business led to a revenue and EBIT growth. The continued momentum behind renewable energy in the push to decarbonize the energy supply to address climate change help the company to achieve…
3 May 2021
Navantia Fene shipyard finalizes construction of first jacket for Saint Brieuc wind farm
Navantia has finalized, at its shipyard in Fene (A Coruña), the construction of the first jacket for the Saint-Brieuc offshore wind farm, which Iberdrola off the coast of Brittany (France). This milestone follows the reception of the first batch of components manufactured at the French port of Brest. The components…
3 May 2021
Santos and Eni sign MOU to collaborate in northern Australia and Timor-Leste
Santos and Eni have signed a Memorandum of Understanding (MOU) to cooperate on opportunities in northern Australia and Timor-Leste. The areas of cooperation include assessing the synergies of sharing possible infrastructures associated with gas field developments around Barossa and Evans Shoal, pipeline to Darwin and onshore associated gas processing leading…
3 May 2021
PETRONAS Diversifies Its Global LNG Fleet With Three Newbuild Vessels
PETRONAS LNG Ltd. (PLL) has signed a Time Charter Party (TCP) for three newbuild 174,000 cubic metres LNG vessels with shipowner, Hyundai LNG Shipping (HLS). The deal with HLS was awarded via an international tender exercise to support PETRONAS’ growing global LNG business portfolio. As part of the agreement, HLS…
3 May 2021
Aker BP - consent for use of Deepsea Nordkapp
The Petroleum Safety Authority Norway (PSA) has given Aker BP consent to use the mobile drilling facilitiy Deepsea Nordkapp for drilling of shallow gas pilot hole in block 2/4 in the North Sea.
3 May 2021
Aker Solutions Wins FEED Contract for e-Fuel Plant in Norway
Aker Solutions has signed a contract with Nordic Blue Crude (NBC) for front-end engineering and design (FEED) of a new e-Fuel facility at Herøya in Porsgrunn, Norway. The e-Fuel plant is planned to produce CO2-neutral fuel by using green hydrogen and furnace gas from an existing factory. The FEED work…
30 April 2021
Ramboll to support the VindØ consortium in developing innovative solutions in the planning of the world’s first artificial energy island
Ramboll is supporting this visionary plan through detailed studies of the possible activities on the island. While one of the primary drivers for the project is the transmission of green power to the Danish and European shores, the project offers many other possibilities for innovative thinking and value creating infrastructure…
30 April 2021
Shearwater GeoServices acquires streamers and renews fleet
Shearwater GeoServices Holding AS (Shearwater) today announced two transactions to take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS, a company affiliated with Woodstreet Inc. Shearwater has acquired streamers and related seismic equipment for a total cash consideration of USD 50 million. The company further…
30 April 2021
Total Enters a 640 MW Offshore Wind Project Under Construction in Taiwan
Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 kilometers southwest of Taipei. The project, currently under construction, represents production capacity of 640 megawatts (MW) and benefits from…
30 April 2021
EIOF – Sale of supply vessel Viking Athene
Eidesvik Shipping AS, a wholly owned subsidiary of Eidesvik Offshore ASA, has sold Viking Athene. Delivery of the vessel took place today April 28, 2021. The vessel will after the sale exit the North Sea supply vessel market and be utilized by the new owner as a Farming Service Vessel.…
30 April 2021
Santos completes Bayu-Undan and Darwin LNG sell-down to SK
Santos today announced it had completed the sell-down of 25 per cent interests in Bayu-Undan and Darwin LNG to SK E&S, which is also a partner in Barossa. The sell-down resulted in net funds to Santos of US$186 million at completion, being the sale price of US$390 million less the…
30 April 2021
Sale of vessel
Farstad Shipping Pte. Ltd., a wholly owned subsidiary of Solstad Offshore ASA, has sold the AHTS Far Strait. Delivery of the vessel to the new owner took place on April the 28th 2021. The sale of the vessel will result in an immaterial accounting effect for Q2 2021.
30 April 2021
VOS Champion commences work in exotic waters
Singapore-managed anchor-handling tug support (AHTS) vessel VOS Champion has recently commenced operations for charterer Geocean SAS. This exciting new contract has seen our vessel relocate to the remote and exotic location of Papeete, French Polynesia, where she will be undertaking a new scope of work. After a successful Thai charter,…
30 April 2021
An expenditure splash of $810 billion is expected for the offshore wind industry this decade
The offshore wind industry’s global installed capacity is set to exceed 250 gigawatts (GW) by 2030, driven by a surge in coming projects, a Rystad Energy report shows. The combined capital and operational expenditure for the decade is set to add up to an eye-popping $810 billion, signaling an increasing…
29 April 2021
Fugro Wins Deepwater Site Investigation Contract For Equinor In Eastern Canada
Equinor has selected Fugro to perform a deepwater site investigation in Canada’s Flemish Pass, 500 km off the coast of St John’s, Newfoundland and Labrador, in water depths of approximately 1200 m. Fugro’s field campaign will run from July until August and entails a seabed survey, an environmental survey and…
29 April 2021
MOL Norge - consent for exploration drilling in the North Sea
The Petroleum Safety Authority Norway has given MOL Norge consent to drill appraisal well 25/8-21 S A in the North Sea.
29 April 2021
Vaalco Announces Letter Of Intent For FSO At Etame
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that it has signed a non-binding letter of intent ("LOI") with Omni Offshore Terminals Pte Ltd ("Omni") to provide and operate a Floating Storage and Offloading ("FSO") unit at VAALCO's Etame Marin field offshore Gabon for up…
29 April 2021
Lamprell awarded Saudi Aramco Engineering, Procurement, Construction and Installation (EPCI) contract
Lamprell, international service provider to the energy industry, is pleased to announce that it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract* by Saudi Aramco as part of their Long-Term Agreement Programme (LTA) with Lamprell. This is the organisation’s second award under the LTA framework. Scheduled for…
29 April 2021
Lundin Energy Norway is collaborating with Ocean Harvesting Technologies.
Lundin Energy Norway is collaborating with Ocean Harvesting Technologies through a study on how installation of wave energy converters could provide clean, stable and cost-effective electricity to an offshore oil and gas platform. April 28th, 2021. In a future aligned with a 2-degree pathway, oil still plays an important role…
29 April 2021
CGG Delivers 9,300 sq km of Data from Agata Reimaging to Support Brazil’s 7th Bidding Round
CGG has announced the delivery of the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt. The ultramodern reimaged seismic data set covering over 9,300 sq km will provide valuable information to oil and gas companies…
29 April 2021
Oceaneering's Manufactured Products Segment Wins Contracts in Excess of $135 Million
Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has won multiple contracts during the first four months of 2021, with anticipated aggregate revenue in excess of $135 million. The anticipated revenue from these contracts with international oil and gas operators and marine construction companies ranges in value from…
29 April 2021
KrisEnergy updates on Apsara oil field review
KrisEnergy Ltd. (“KrisEnergy” or “the Company”, together with its subsidiaries, the “Group”), an independent upstream oil and gas company, refers to its announcement dated 31 March 2021 in relation to the production performance of the KrisEnergy-operated Apsara oil development. Further to the Announcement, the Company wishes to update that it…
28 April 2021
Equinor completes sale of its US onshore assets in the Bakken
Equinor and Grayson Mill Energy have completed their transaction that was previously announced in February 2021. As a result, Equinor has divested all its operated and non-operated acreage in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, along with associated midstream assets,…
28 April 2021
MENCK to partner with Van Oord on the installation of Italy’s first offshore wind farm
MENCK, the lead brand for the foundations and cables business segment within marine energy and infrastructure services company Acteon, has signed a contract with Dutch marine contractor Van Oord to deliver the hammer spread for the installation of the Taranto offshore wind farm, Italy’s first. The installation of 10 monopiles,…
28 April 2021
Vattenfall prequalifies for the upcoming French offshore wind tender in Normandy
Vattenfall prequalifies, together with partners wpd and Banque des Territoires, for the upcoming 1 GW French offshore wind tender off the coast of Normandy. On 15th January 2021, the French government launched its fourth offshore wind tender after a public consultation process identified an area of 500km2 within which the…
28 April 2021
Chrysaor appoints Applied Petroleum Technology in Norway
Chrysaor Norge AS (Chrysaor) has awarded Applied Petroleum Technology (APT) a frame agreement to provide geochemical and biostratigraphic analyses for the operator’s E&P activities on the Norwegian continental shelf. Under the agreement, APT will provide geochemical and biostratigraphic analyses including interpretation of drilling samples and other reservoir data. The first…
28 April 2021
Oda Infill Well Approved
Petter Myhre, Asset Manager for operated production at Spirit Energy, said: “Since the Oda field started production in March 2019, we have gained good understanding of the reservoir. Based on this knowledge, a new infill well will accelerate production from Oda and produce the oil from the field even faster."…
28 April 2021
ExxonMobil announces discovery at Uaru-2 offshore Guyana
ExxonMobil said it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 feet…
28 April 2021
Reabold Resources plc ("Reabold" or the "Company") Conditional offer to acquire up to an additional 13.12% of Corallian Energy Limited and Victory Operational Update
Reabold, the investor in upstream oil and gas projects, is pleased to announce that it has conditionally offered to acquire additional Corallian Energy Limited ("Corallian") shares from existing Corallian shareholders, in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share (the "Offer"), potentially increasing…
28 April 2021
PetroNor E&P Limited (“PetroNor” or the “Company”) Guinea-Bissau Update
PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, provides the following update on its purchase of SPE Guinea Bissau AB, as announced on 20 November 2020. The Company is pleased to announce that it has received the necessary approvals…
27 April 2021
TechnipFMC Receives Notice to Proceed for Subsea Contract for Santos Barossa Project Offshore Australia
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced it has received a Notice to Proceed for a significant(1)subsea production system contract from Santos Ltd. (ASX: STO) for the Barossa project, located 300 kilometers north of Darwin, Australia, at a water depth of approximately 130 meters. The contract scope covers the supply of…
27 April 2021
Argeo AS: Argeo order a newbuild AUV and secures a significant survey contract
Argeo has placed an order for a newbuild SeaRaptor 6000 Autonomous Underwater Vehicle “AUV” from Teledyne Gavia with delivery taking place in the beginning of 2022 at a cost of NOK 65 million. The delivery includes several ancillary system components, software and crew training. In parallel with acquiring the AUV…
27 April 2021
Contract award for MPSV Siem Dorado
Siem Offshore has been awarded a 40 days firm contract plus options, in addition to mobilization and demobilization fees, for the MPSV "Siem Dorado" for work in the North Sea. The contract is the first contract the company has secured with DCN Diving, and as such we very much are…