Search News
Latest News
18 February 2021
Aker Solutions Wins FEED Contract for Empire Wind Project in the U.S.
Aker Solutions has signed a front-end engineering and design (FEED) contract with Empire Offshore Wind LLC to study the design and delivery of concrete foundations for the wind turbine generators (WTG) for the planned Empire Wind project in New York. Empire Wind is being developed by Equinor and BP through…
18 February 2021
Hitachi ABB Power Grids accelerates UK green energy transition with a new contract for the world’s largest offshore wind farm
Pioneering HVDC Light® technology will enable Dogger Bank Wind Farm to support UK’s clean electricity demand, powering six million UK homes. Hitachi ABB Power Grids has today announced that it has won another major order from Dogger Bank Wind Farm to connect the third transmission link from the world’s largest…
18 February 2021
Iberdrola plans first industrial-scale floating offshore wind farm in Spain with an investment of more than €1 billion
Industrial and employment hub: design and engineering could begin this year. Until it comes into operation in 2026, it would generate more than 2,800 jobs/year and involve 66 technology centres and Spanish companies, 52 of them SMEs The innovative facility would spearhead up to 2,000 MW in new developments identified…
18 February 2021
BW Offshore invests in Ideol creating floating offshore wind champion
BW Offshore (the “Company”) signed a share purchase agreement to become a strategic owner of Ideol S.A., a global pure player in floating offshore wind technology, creating a renewable energy company with market-leading capabilities based on in-house developed and proven technology, supported by BW Offshore’s extensive experience from development and…
18 February 2021
Contract award for Normand Cutter
Solstad Offshore ASA (“Solstad”) is pleased to announce a contract for the CSV Normand Cutter with Global Marine Group (“GMG”). Commencement of the contract is in March 2021, in direct continuation of current charter with GMG. Firm duration of the contract is 120 days plus 80 days options thereafter. In…
18 February 2021
Norwegian Petroleum Directorate launches new system for reporting geophysical surveys
The new system will streamline reporting of geophysical surveys. It will also contribute to better coexistence with fishery interests, and greater efficiency for the governmental agencies involved in the process. The new reporting system (in Norwegian only) is largely a matter of improving maritime coexistence between fisheries and the oil…
17 February 2021
Shearwater GeoServices awarded landmark Petrobras 3D OBN surveys
Shearwater GeoServices Holding AS (“Shearwater”) today announced the award of a substantial contract for deepwater Ocean Bottom Node seismic acquisition for the Tupi and Iracema projects in the Santos Basin offshore Brazil. This will be the largest OBN seismic survey in Brazil, at the Tupi field, considered Brazil’s first super-giant…
17 February 2021
PGS Targets Lower Congo Basin in New Angola Acquisition
PGS, in cooperation with ANPG, has begun a new prefunded MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021. Ramform Atlas is acquiring high-density 3D…
17 February 2021
Cathie carries out foundation design for subsea datacenter
Global offshore geoscience and geotechnical engineering consultancy, Cathie, has carried out a foundation design feasibility study for an offshore, subsea datacenter. Cathie’s undisclosed client, who are developing a system for the storage of datacenters offshore and underwater, engaged them to undertake a foundation design study for subsea sites with soft…
17 February 2021
Consent for manned underwater operations 2021
Equinor has signed framework agreements with TechnipFMC (Technip Norge AS) and Subsea 7 Norway AS (Subsea 7) for the performance of manned underwater operations in 2021. Through a pool agreement with Equinor, Gassco and Vår Energi AS will also be able to use the framework agreements. For Vår Energi, this…
17 February 2021
VOS Base and Pool Express upgraded to DP2
Den-Helder-managed VOS Base and Pool Express were delivered to Vroon fresh from the shipyard in 2008. These sister DP1 platform-supply vessels (PSV) were designed and purpose-built by Damen Shipyards and Vroon for Peterson’s SNS Pool operations. Equipped with diesel electric propulsion, 620 m2 clear deck and underdeck methanol capacity, they…
17 February 2021
Pipeshield launches new Grouting Division
Pipeshield International has launched a new Grouting Division, strengthening the company’s already comprehensive range of subsea protection, support, and stabilisation solutions. The introduction of a new Grouting Division builds on Pipeshield’s extensive experience in fabric formwork and grout bag solutions. It enables the company to execute turnkey grouting projects for…
17 February 2021
Aker Solutions to Deliver Electrification of Equinor’s Troll B & C Platforms
Aker Solutions has secured a letter of intent from Equinor for the topside work on the Troll B and C platforms offshore Norway to reduce the CO2 emissions. These modifications will include installation of equipment for receiving electrical power from shore via cable. This will replace power generation from gas…
17 February 2021
AGR Signs a New Framework Agreement with Gassnova SF
The Norwegian state-owned Gassnova acts on behalf of the Norwegian Ministry of Petroleum and Energy and facilitates the development of technology and solutions to enable cost efficient and progressive solution for the capture and storage of CO2. AGR will act as technical advisors to Gassnova by offering technical expertise across…
16 February 2021
Westwood: Total to outpace Iberdrola and Ørsted on renewable power capacity by 2030
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals Total will outpace clean energy majors Iberdrola and Ørsted on renewable power capacity by 2030.The insight highlights the oil and gas major’s ambitions to reach 100GW of renewable power capacity by 2030, eclipsed…
16 February 2021
RCG: Records set for global offshore wind financial investment in 2020
Global financial investment for offshore wind capacity set records in 2020, according to research from The Renewables Consulting Group (RCG). According to RCG’s Global Renewable Infrastructure Projects (GRIP) database, the total capacity financed for offshore wind last year reached 8,370 megawatts (MW) across the European, Americas and Asia Pacific (excl.…
16 February 2021
Increased purchases from suppliers in Norway for the third year in a row
In 2020, Equinor purchased goods and services worth NOK 150.8 billion from around 8500 suppliers globally. NOK 112 billion, i.e. 74% of total purchases, went to suppliers with a Norwegian billing address. “During the last years we have seen a steady growth in the Norwegian content of our total procurements.…
16 February 2021
Petrofac forms industry alliance to maximise recovery of North Sea reserves
Petrofac, Repsol Sinopec Resources UK and TechnipFMC announce today the formation of an innovative industry alliance which seeks to maximise the recovery of oil and gas from the UK Continental Shelf (UKCS). The partnership will work together to offer the owners of oil and gas discoveries near Repsol Sinopec’s existing…
16 February 2021
OGA launches full investigation into possible licence breach
The Oil and Gas Authority (OGA) has opened an investigation into a possible breach of reporting requirements under a licence. The investigation follows an Enquiry which concluded that there was sufficient evidence of a breach to go ahead.The investigation will now among other things: gather and assess further information to…
16 February 2021
Malaysia | Final PSDM Data Now Available for Entire Sabah Area
Final imaging products are now available on all parts of the giant Sabah MultiClient project, enabling AVO analysis of prospects and leads within the entire offshore Sabah Basin. Phase 5 acquired by PGS in 2020 brought total coverage to 47 000 sq. km. Commenting on the newest data focused on…
16 February 2021
VIC/P74 Prospective Resource Estimates
A series of Leads with a total Best Estimate Prospective Resource of 370 MMboe have been delineated by interpretation of newly reprocessed seismic data and the completion of detailed depth conversion studies.The largest is the Bigfin Lead which is hosted within the Lower Latrobe Group and has a Best Estimate…
16 February 2021
TechnipFMC Completes Separation of Two Industry-Leading, Independent, Publicly Traded Companies
TechnipFMC announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will trade…
15 February 2021
Untapped opportunity: More than 200 oil projects can hike output, and profits, from subsea boosting
The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investments being the prime focus areas during and in the aftermath of a downturn. Very few stones remain unturned in an upstream sector that has been hit hard…
15 February 2021
North-east 3D technology specialists target expansion into new markets
A leading 3D technology specialist is investing a six-figure sum into the research and development of new capabilities to allow them to expand into the subsea sector. Aberdeen-based Eserv’s decision to drive the business into new sectors comes on the heels of a successful 2020 which saw their AS-TEG™ solution…
15 February 2021
TGS Announces Q4 2020 Results and Establishment of New Energy Solutions Business Unit
TGS reported interim financial results for Q4 2020. Figures based on Segment reporting. Please refer to the full Q4 2020 report for statements prepared according to IFRS. Net segment revenues amounted to USD 120 million, a reduction of 48% from USD 232 million in Q4 2019. EBITDA was USD 106…
15 February 2021
Orange will build a new cable ship through its subsidiary Orange Marine
Orange Marine, a wholly owned subsidiary of Orange, will build a new cable ship that will be even more efficient and with a reduced environmental footprint. It will be the first cable ship of her generation specially designed for the maintenance of submarine cables, both fiber optic telecommunication cables and…
15 February 2021
Terminal Redevelopment Signals Clean Energy Revolution
As part of a multi-million pound investment programme, the Port has announced the launch of its Bates Clean Energy Terminal, offering enhanced facilities and the opportunity for low carbon focused investment and innovation. This major redevelopment scheme supported by North East Local Enterprise Partnership, strengthens the Port’s reputation as one…
15 February 2021
Buffalo Drilling Update
Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to update shareholders on the Buffalo project. Carnarvon has awarded the drilling management services to Petrofac, which in the short term will include completion of detailed well design, procurement of long lead items and contracting the drilling rig and associated services, including the…
15 February 2021
SAE achieves another tidal milestone with installation and successful generation of tidal turbine in Japan
SAE, the global sustainable energy generation company and technology developer, is pleased to announce that its Scottish built tidal turbine and generation equipment have been successfully installed in the Goto Island chain in Japan. The tidal turbine clocked its first 10MWh of generation within the first ten days of operation…
15 February 2021
PETRONAS Floating LNG DUA Marks Its Commissioning With The Production Of First LNG
PETRONAS marked yet another significant milestone for its second Floating Liquefied Natural Gas (FLNG) facility, PFLNG DUA, with the achievement of its First Drop of LNG production recently. This historic event signifies the ability of PFLNG DUA topside facility to produce on spec LNG product, which further validates the technology…
12 February 2021
InfraStrata acquires assets of Burntisland Fabrication in Scotland
InfraStrata plc has acquired assets of Burntisland Fabrication Limited from the administrators. The deal, worth £850,000, will be split across two tranches: £650,000 upon completion and £200,000 when substantial revenues are generated . These facilities will trade under the Harland & Wolff brand and represent the final fabrication piece of…
12 February 2021
Revised OGA Strategy comes into force
The revised Oil and Gas Authority (OGA) Strategy, which was laid before Parliament on 16 December 2020, has come into force (11 February 2021). The revised Strategy reflects the ongoing energy transition and features a range of net zero obligations on the oil and gas industry, including stepping up efforts…
12 February 2021
Partial electrification of Sleipner approved
The Ministry of Petroleum and Energy has approved a revised plan for development and operation (PDO) for partial electrification of the Sleipner field centre. The field centre will be tied to the Utsira High area solution, and Sleipner is expected to cut emissions by more than 150,000 tonnes of CO₂…
12 February 2021
Drilling permit for well 34/6-5 S in production licence 554
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 34/6-5 S, cf. Section 13 of the Resource Management Regulations. Well 34/6-5 S will be drilled from the West Hercules drilling facility in position 61°36'4.81"N and 2°44'27.87"E after concluding the drilling of wildcat well 31/2-22 S…
12 February 2021
Top hole drilling campaign on the Nova field completed
Wintershall Dea completed the top hole drilling campaign on the operated Nova field in the Norwegian North Sea ahead of schedule. The campaign, carried out by the Seadrill-operated West Mira rig, involved drilling some 3,400 metres of top holes for the six Nova production and water injection wells on two…
12 February 2021
Magseis Fairfield awarded a follow-on deep-water 4D OBN monitor survey in the US Gulf of Mexico
Magseis Fairfield announces the award of a new deep-water 4D Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico for a repeat customer.The survey will be conducted with Magseis Fairfield’s ZXPLR technology, currently in use for ongoing projects in the same geographical area. Start-up is expected to…
12 February 2021
Ørsted and PGE form 50-50 joint venture on Baltica 2 and 3
Ørsted and PGE Polska Grupa Energetyczna S.A. (‘PGE’) have signed an agreement to form a 50/50 joint venture for the development, construction and operation of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW. Ørsted will subscribe for new shares representing…
12 February 2021
Maersk Drilling secures one-well extension for low-emission rig with Equinor
Equinor Energy AS has exercised the option to add development drilling of one additional well at the Martin Linge field offshore Norway to the work scope of the low-emission rig Maersk Intrepid. The contract has an estimated duration of 80 days, with work expected to commence in September 2021 in…
11 February 2021
Sapura Energy Announces RM1.85 Billion Contract Wins, Including Saudi Aramco CRPO 59
Sapura Energy Berhad (Sapura Energy), a leading global integrated oil and gas services and solutions provider, today announced recent contract wins in its Engineering and Construction (E&C) and Drilling divisions, with a combined value of approximately RM1.85 billion. The awards include the Purchase Order 59 (CRPO 59) contract from the…
11 February 2021
EMEC To Explore Franco-Scottish Wind/Hydrogen Collaboration
EMEC will partner with French engineering firm INNOSEA and London-based Renewables Consulting Group (RCG) to carry out research to understand the technical status of floating wind and hydrogen in Scotland and France and identify ways that collaboration can be encouraged to address challenges of mutual interest. Floating wind and hydrogen…
11 February 2021
The Port of Nigg selected as marshalling, storage and logistics base for foundation structures for Seagreen Offshore Windfarm
SSE Renewables and Total have announced that Global Energy Group’s (GEG) Port of Nigg near Inverness, Scotland, has been selected as the marshalling, storage and logistics base for 114 wind turbine foundation structures destined for the 1,075 MW Seagreen Offshore Windfarm being constructed in Scotland’s Firth of Forth. The offshore…
11 February 2021
Shearwater GeoServices awarded two Western Australia multisensor 3D surveys
Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce the award of two 3D surveys in offshore Western Australia. “Shearwater has extensive experience operating offshore Australia and we are delighted to strengthen our position with new work in this active region. We look forward to leveraging one of Shearwater’s advanced…
11 February 2021
Vestas launches the V236-15.0 MW to set new industry benchmark and take next step towards leadership in offshore wind
Vestas is the global leader in onshore wind, however to continue to lead the expansion of wind energy into becoming the dominant energy source, it is crucial for Vestas to become a leader in offshore wind. This journey was launched with the full acquisition of our former offshore joint venture,…
11 February 2021
ADNOC Awards Cosmo Offshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round
Abu Dhabi, UAE – February 10, 2021: The Abu Dhabi National Oil Company (ADNOC) announced today, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co., Ltd. (Cosmo). The…
11 February 2021
Petrofac to deploy global decom expertise in Australia, in contract first
Petrofac’s Engineering and Production Services (EPS) business has strengthened its presence in Australia, having secured a Well Project Management contract in the country with PTT Exploration and Production (PTTEP). Under the terms of the agreement, Petrofac will provide all project manpower to enable the execution of plug and abandonment operations…
11 February 2021
Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") Execution of 32nd Offshore Licensing Round Award - Block 20/5e
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that, further to its announcement of 3 September 2020, the Oil and Gas Authority ("OGA") has confirmed that the Merged Licence…
10 February 2021
Australasia in review: FID-rich 2021 to follow 2020’s oil output surprise, renewables to set records
Even though 2020 was the year oil and gas producers reduced output to balance the pandemic-hit demand, Australasia’s production did not only stay resilient, but it also rose a little, a Rystad Energy report reveals. We estimate combined petroleum output across all products was 1.210 billion barrels of oil equivalent…
10 February 2021
SNC-Lavalin announces agreement to sell Resources Oil & Gas business, results of legacy LSTK litigation matters and reassessment of Canadian LSTK infrastructure projects in light of COVID-19
SNC-Lavalin Group Inc. (TSX: SNC), a fully integrated professional services and project management company, has entered into a binding agreement to sell its Resources Oil & Gas business, a significant step forward in the Company’s strategy to reduce its risk profile and accelerate its ongoing transition to becoming a leading…
10 February 2021
Østensjø Rederi awarded multiple long-term contracts
We are proud to announce that we have secured new contracts for Edda Fauna, Edda Flora and Edda Sun. Østensjø Rederi and DeepOcean have agreed new contracts for Edda Fauna and Edda Flora. The new contracts will commence in Q1 2021 and will secure firm utilization until end 2022. Both…
10 February 2021
Magseis Fairfield awarded OBN deep-water survey in Angola
Magseis Fairfield has been awarded a contract for a deep-water Ocean Bottom Node baseline survey (3D) offshore Angola for a major international energy company. The project is expected to start in Q2-2021 and run for approximately three months.“Our Ocean Bottom Node technology has delivered high quality and cost-effective data to…