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17 March 2021
Marine-i supports world-first geotechnical subsea vehicle
Marine-i has agreed to support marine engineering specialist, Feritech Global, in its plan to create the world’s first autonomous subsea vehicle specially designed for geotechnical survey work. Such a design would result in safer, more efficient and cost-effective seabed survey operations. Part funded by the European Regional Development Fund, Marine-i…
17 March 2021
Crowley, ESVAGT to Partner to Add Vessel and Service Capacity for the U.S. Offshore Wind Industry
U.S.-based Crowley and Danish shipping company ESVAGT announced plans to directly bolster purpose-built, Jones Act vessel availability in support of the emerging offshore wind energy market through a joint venture. The partnership will bring together two leading maritime solutions providers to serve the emerging industry. Consistent with the requirements of…
16 March 2021
£3bn lost investment during pandemic could threaten green recovery
The oil and gas industry has said the UK’s energy transition could be under threat unless the government can provide vital support for the sector. OGUK, the leading representative body for the UK offshore oil and gas industry, has stated that securing and sustaining investment in the sector is now…
16 March 2021
Vår Energi -consent for extended operation on the Marulk field
Petroleum Safety Authority Norway have given Vår Energi AS consent to use the subsea facilities on the Marulk field beyond their original operating life. Consent for operation of the Marulk field expires on 31 December 2021. In order to recover the remaining reserves from the field, Vår Energi, the operator,…
16 March 2021
Independent Oil and Gas plc Goddard and Abbeydale Area Technical Update
Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the UK gas company targeting high returns via an infrastructure-led hub strategy, is pleased to provide a technical update on its P2438 (Goddard) and P2442 (Abbeydale Area) licences in the UK Southern North Sea (SNS), both of which are…
16 March 2021
Edda Wind orders two additional CSOVs and prepares for initial public offering
Edda Wind orders two Commissioning Service Operation Vessels (CSOV) in addition to the four vessels the company has under construction. The vessels are specially designed for service operations during the commissioning and operation of offshore wind farms. All six vessels are being prepared for installment of zero-emission technology. Following the…
16 March 2021
Bechtel Supports Pioneering Renewables Technology to Help Accelerate U.K Offshore Wind Generation
Hexicon, Swedish floating windfarm developer and technology provider and Bechtel are partnering to deliver large-scale offshore floating wind projects along the British coastline and abroad. Bechtel is partnering with windfarm developer Hexicon to demonstrate innovative offshore wind technology for large-scale floating power generation projects off the coast of the U.K.…
16 March 2021
OGA outlines how industry should work to reduce greenhouse gas emissions in new Net Zero Stewardship Expectation
Operators must consider greenhouse gas reduction at every stage of oil & gas lifecycle New Expectation cements revised OGA Strategy into operators’ everyday activities The Oil and Gas Authority (OGA) has today (15 March 2021) launched its ‘Stewardship Expectation 11 – Net Zero’ setting out how the oil and gas…
16 March 2021
Petrofac : Update on UAE
Petrofac Ltd announces it has today been notified by ADNOC Group that it has been suspended from competing for new awards until further notice. This follows the SFO’s announcement of additional pleas in January by a former Petrofac employee under the Bribery Act 2010 in relation to historic contract awards…
16 March 2021
OGUK comment in response to possible ban on new exploration licences
In response to a story published today in The Sunday Telegraph which suggests Ministers are considering declaring the beginning of the end for the North Sea oil industry with a ban on new exploration licences. Commenting on the story, OGUK Sustainability Director Mike Tholen said: “The UK’s offshore oil and…
15 March 2021
FAR Limited : Proposals Update and New Shareholder Meeting Date
FAR Limited (ASX: FAR) provides the following update in relation to the non-binding indicative proposals which it has received: The Remus Horizons PCC Limited non-binding indicative proposal to acquire all the shares in FAR at 2.1 cents per share remains incomplete at this point in time. The PJSC…
15 March 2021
Exploration activity in Guyana to speed up, with record number of wells set for 2021
Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-operated Canje block last week revealed that the first wildcat in the license failed to deliver. However, Rystad Energy expects exploration activity in the country to rebound with an annual record of 16 wells, including on…
15 March 2021
Major Milestone for Victoria’s World-First Hydrogen Project
The Hydrogen Energy Supply Chain (HESC) Pilot Project announced the commencement of operations at both Victorian sites of its world-first integrated supply chain. HESC Project Partners, together with the Australian, Victorian, and Japanese Governments and distinguished guests today marked both milestones at the gasification and gas refining facility in the…
15 March 2021
BOA OCV AS – Contract award BOA Deep C
BOA OCV have been awarded a new contract in Asia for the subsea construction vessel BOA Deep C. The contract is with Beacon Offshore Ltd. for a subsea project in the Gulf of Thailand. Commencement of contract is Q2 2021 and the firm hire period including options will keep the…
15 March 2021
Union Jack Oil plc (“Union Jack” or the “Company”) Purchase of a Royalty Interest in the Claymore, Piper and Scapa North Sea Oilfields
Union Jack Oil plc (AIM: UJO), a UK focused, onshore hydrocarbon production, development and exploration company is pleased to announce the purchase from Cambridge Petroleum Royalties Limited (“CPRL”) of a 2.5% cash generating royalty interest (“Acquired Interest”) that is part of the royalty unit over 20% of the revenues from…
15 March 2021
Fugro joins forces with dCarbonX on decarbonisation exploration
Fugro has signed a strategic framework agreement (SFA) with dCarbonX, a pioneering geo-energy resource company, for decarbonisation exploration projects supporting the development of offshore geo-energy resources in the UK and Ireland. The SFA will enable Fugro and dCarbonX to collaborate on decarbonisation exploration projects at the earliest opportunity and to…
15 March 2021
Expro and Frank’s to Combine to Create a Leading Full-Cycle Service Provider
Expro Group, a privately-held international energy services company with market leadership in well access and well flow optimization, and Frank’s International (NYSE: FI), a global oil services company that provides a broad range of highly engineered drilling and completions solutions and services, today announced a definitive agreement under which the…
15 March 2021
CNOOC Limited Announces Caofeidian 6-4 Oilfield Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Caofeidian 6-4 oilfield has commenced production. Caofeidian 6-4 oilfield is located in the Midwest of Bohai, with average water depth of about 20 meters. In addition to fully utilizing the existing processing facilities of Nanpu 35-2 oilfield…
12 March 2021
Saipem awarded by Libya National Oil Corporation a consulting services contract for Benghazi Oil Technical Center project
Saipem has been awarded a Consultancy Service Contract by Libya National Oil Corporation (NOC) for the development of the Benghazi Oil Technical Center (BOTC). The integrated specialized Technical Center will be established in the Mreisa Free Zone, 25 kilometers from Benghazi and designed with best-in class facilities and technologies to…
12 March 2021
Subsea 7 awarded sizeable contract
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract. The contract will be recorded in the backlog of the Subsea and Conventional business unit in the first quarter. The scope of work includes engineering, project management and procurement. Engineering activities will commence immediately…
12 March 2021
GE Renewable Energy plans to open new offshore wind blade manufacturing plant in Teesside, United Kingdom
LM Wind Power plans to open and operate a brand-new manufacturing plant for the production of offshore wind turbine blades, due to open and start production in 2023 The manufacturing facility could create 750 direct renewable energy jobs and close to 1,500 indirect jobs in the area The facility would…
12 March 2021
Equinor - consent to exploration drilling on the Krafla field
The Petroleum Safety Authority Norway (PSA) has given Equinor consent to drill exploration well 30/11-U-1 in the North Sea.
12 March 2021
Equinor - consent to exploration drilling on the Askja field
The Petroleum Safety Authority Norway (PSA) has given Equinor consent to drill exploration well 30/11-U-2 in the North Sea.
12 March 2021
Intertek Delivers Permit Feasibility Study for the World’s Longest Proposed Subsea Cable Between the UK and Morocco
Intertek, a leading Total Quality Assurance provider to industries worldwide, has delivered a Permit Feasibility Study to Xlinks using their expertise in offshore permitting of subsea cables. Xlinks is developing the world's longest subsea cable between the UK and Morocco, which will transit through the territorial waters of France, Spain…
12 March 2021
North Sea flaring cut by 22% in one year
Flaring in the North Seal fell by 22% in 2020 from the previous year as production facilities cut the overall volume to 33 billion cubic feet (bcf), a reduction which is roughly equivalent to the gas demand of 200,000 UK homes, and is the lowest level of flaring on the…
12 March 2021
Sale of Tulip Oil Netherlands to Kistos Plc
Sale of Tulip Oil Netherlands to Kistos Plc for EUR 220 million plus EUR 163 million of contingent payments Tulip Oil Holding B.V. (“Tulip Oil” or the “Company”) announces that the Company has signed a binding share purchase agreement to sell its subsidiary Tulip Oil Netherlands B.V. (“TON”) to Kistos…
11 March 2021
OGA Notification of Application: Carbon Dioxide Appraisal and Storage Licence
On the 5th of March the OGA received an application for a carbon dioxide appraisal and storage licence in the Southern North sea.Read more here.
11 March 2021
Cadeler A/S announces largest contract in company history
Cadeler A/S (The Company or Cadeler), a key supplier within the offshore wind industry for installation services and operation and maintenance works, listed on the Oslo Stock Exchange (ticker CADLR), announces signing of the largest contract in the history of the Company. Siemens Gamesa, a world leading supplier of wind…
11 March 2021
Contract Awards for four PSVs in the UK North Sea
Solstad Offshore ASA (“Solstad”) has been awarded four Platform Supply Vessel (PSV) contracts for work in the UK North Sea. Total E&P UK Limited / Total E&P North Sea UK Limited (“Total UK”) has awarded Solstad a term contract for Normand Springer. The vessel will be utilised by Total UK…
11 March 2021
Contract Win - Baseline Survey Of Strategic Gas Pipeline
NDT Global are proud to announce they have been awarded the contract to complete a baseline inspection survey for Trans Adriatic Pipeline (TAP) AG, headquartered in Baar, Switzerland. This 878 km large-diameter gas pipeline system possesses many challenging characteristics, including mountainous terrain, high elevation profile, high wall thickness and a…
11 March 2021
Can Scotland Leverage the O&G Sector to Lead the Way in Offshore Wind
Last year, Scotland took a significant step to placing offshore wind at the heart of its energy transition program for years to come. In June 2020, the country launched the first of a series of leasing rounds for offshore wind projects that will seek to award up to 10 GW…
11 March 2021
OMV Petrom announces the signing of the Production Sharing Contract for Block II, offshore Georgia
OMV Petrom, the largest energy company in South-Eastern Europe, announces the signing of the Production Sharing Contract (PSC) for the offshore Block II in the exclusive economic zone of Georgian Black Sea. OMV Petrom won in June 2020 the international tender organized by the Ministry of Economy and Sustainable Development…
11 March 2021
AGR Partners with Industry Leaders in the Establishment of the Centre of Decommissioning Australia (CODA)
AGR are delighted to be involved in the establishment of the Centre of Decommissioning Australia (CODA) launched by the National Energy Resources Australia (NERA) today. CODA is a collaboration across the industry to address the challenges and maximise the opportunities of decommissioning Australia’s oil & gas infrastructure. Working alongside many…
11 March 2021
Siemens Energy to supply transformers for China’s first 66 kV offshore wind farm
Siemens Energy will install 22 units of distribution transformers at China’s first commercial 66 kilovolts (kV) offshore wind farm, Yuhuan Offshore Wind Power Project Phase 1, located in Taizhou, Zhejiang Province, southeastern China. The fluid immersed transformers of type FITformer WIND will support China Huadian Corporation (CHD) to optimize energy…
11 March 2021
CWind Completes Sale of Endeavour to Wood Marine as Part of CTV Fleet Upgrade Project
CWind, a leading provider of project services and Crew Transfer Vessels (CTVs) to the offshore wind industry, and part of the Global Marine Group (GMG), has completed the sale of their CTV, Endeavour, to Wood Marine, a port services operator based in Suffolk. The sale of Endeavour, an 18.5m catamaran…
10 March 2021
Awarding framework agreements for 4D towed streamer seismic acquisition offshore Norway
Equinor has awarded PGS and Shearwater GeoServices framework agreements for 4D towed streamer seismic acquisition on the Norwegian continental shelf (NCS). The agreements have a total estimated value of around NOK 700 million. “This is a new way of working with seismic suppliers. We are moving away from annual tenders…
10 March 2021
Oil discovery near the Johan Castberg field in the Barents Sea
Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production licence 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic metres of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil.…
10 March 2021
Fugro Conducts Seep Survey and Geochemical Campaign For Petronas Suriname E&P B.V.
Fugro is conducting a seep survey and geochemical campaign in Block 48, offshore Suriname, for PETRONAS Suriname E&P B.V. (PSEPBV). PSEPBV is a subsidiary of PETRONAS, a global energy and solutions partner ranked amongst the largest corporations in the Fortune Global 500. The work for PSEBV is being conducted from…
10 March 2021
Approval of plans for CO2-storage
The Ministry of Petroleum and Energy has approved the development plan for Northern Lights, which is the storage part of the Longship project. The final state support agreements with the companies were signed before the weekend.More
10 March 2021
Deme Offshore And Sabca Test Drones For O&M And Critical Operations At A Wind Farm In the North Sea
DEME Offshore and Sabca successfully performed a series of tests at the Rentel offshore wind farm in the North Sea, preparing for autonomous surveillance, rescue and detection missions in the near future. Their goal is to replace critical and ad hoc operations with autonomous aerial vehicles. In a pioneering project…
10 March 2021
Wärtsilä’s flexible floating barge-mounted energy storage system will aid a Philippine operator in meeting grid requirements
The technology group Wärtsilä’s unique experience in delivering both power barges for electricity production and state-of-the-art energy storage solutions has resulted in a combined contract award. Therma Marine Inc. (TMI), a subsidiary of Aboitiz Power Corporation, one of the Philippines’ leading companies involved in power generation, distribution, and retail electricity…
10 March 2021
PEP 55794 Relinquishment
New Zealand Oil & Gas have applied to relinquish Petroleum Exploration Permit 55794 (Toroa) which contains the Kaipatiki prospect. “PEP 55794 is the last of our New Zealand exploration permits. The same confluence of events that led us to relinquish our Clipper permit: adverse regulatory settings for offshore exploration; the…
10 March 2021
Helix Announces New Contract for Fast Response System
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced that it has entered into a new Agreement for Response Resources with HWCG LLC. Under the Agreement, HWCG’s members are given the opportunity to identify the Helix Fast Response System as a response resource in permit applications to U.S. federal and state…
9 March 2021
100MWP Sale Agreed With NextEnergy Solar Fund For £64.3 M
Lightsource bp, a global leader in the development and management of solar energy projects, has today announced the completion of the sale of 100MWp of UK solar projects to FTSE 250 renewable energy investment company NextEnergy Solar Fund (NESF), for a total consideration of £64.3 million. The transaction consists of…
9 March 2021
CGG Extends Northern Viking Graben Dual-Azimuth Multi-Client Survey
CGG announced today phase two of its multi-client 3D survey in the Northern North Sea, which will expand on the phase one acquisition initiated in 2020 to add a second azimuth over CGG’s existing Northern Viking Graben (NVG) multi-client 3D survey and extend coverage into the UKCS. The survey is…
9 March 2021
Fluor’s Stork Awarded North Sea Asset Integrity Contract Extension
Fluor Corporation (NYSE: FLR) announced today that Stork, a Fluor company, was awarded a 2-year contract extension by Chrysaor Holdings Limited to deliver offshore integrated specialist asset integrity services in the UK. Stork will continue to deliver an inclusive range of asset management solutions and capabilities to extend the offshore…
9 March 2021
ADNOC and Korea’s GS Energy Explore Opportunities to Grow Abu Dhabi’s Hydrogen Economy and Carrier Fuel Export Position
Companies sign agreement to collaborate on potential development of new value chains for blue hydrogen and carrier fuels, such as blue ammonia, in Abu Dhabi Agreement reached during the UAE’s virtual business trip to Republic of Korea where UAE Minster of Industry and Advanced Technology met with business leaders and…
9 March 2021
Sale of Cairn’s interests in the Catcher and Kraken Fields
Cairn is pleased to announce that it has entered into an agreement that will result in the sale of its interests in the UK Catcher and Kraken fields to Waldorf Production Limited (“Waldorf”) for a cash consideration of US$460 million plus additional contingent consideration dependent principally on oil prices from…
9 March 2021
OGA ESG Taskforce recommends enhanced disclosure and investor reporting
Vital climate-related information will be included alongside other key metrics in oil and gas operators and licensees’ financial reports, following a successful cross-industry taskforce. The Oil and Gas Authority (OGA) organised an Environmental, Social and Governance (ESG) taskforce when it became clear from engagement with the investor community - which…
9 March 2021
NEO Energy to acquire Zennor Petroleum
NEO Energy (“NEO”) and HitecVision are pleased to announce the signing of a transaction that solidifies NEO’s position among the largest oil and gas producers in the UK. Based on current estimates NEO’s production will grow from circa 80,000 barrels of oil equivalent per day (boepd) in 2021 to a…