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10 February 2021
Nexans awarded Hadselfjord subsea cable contract to strengthen the security of supply in Norwegian island archipelagos
Nexans has been awarded a major order by Statnett, Norway’s national Transmission and Systems Operator, to supply and install a new high-voltage subsea power link crossing Hadselfjord in the far north of the country. The project is critical to strengthen the security of supply for a population of around 50,000…
10 February 2021
Tekmar Energy to protect Kaskasi cables
Tekmar Energy Limited, a Tekmar Group Company, is pleased to announce a contract award to supply its TekLink® Cable Protection Systems (CPS) for the Kaskasi Offshore Wind Farm in Germany. The Kaskasi offshore wind farm is a 342MW wind project located in the German North Sea. Construction work will start…
10 February 2021
Tullow agrees US$180 million sale of assets in West Africa to Panoro
Tullow Oil plc (Tullow) is pleased to announce that it has signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon (the Dussafu Transaction). Rahul Dhir, Chief Executive Officer of Tullow,…
10 February 2021
Dry well at Mandal High in the southern North Sea – 2/9-6 S
MOL Norge AS, operator of production licence 617, is concluding the drilling of wildcat well 2/9-6 S. The well was drilled on the west side of the Mandal High, about 9 kilometres north of the Norwegian-Danish border and 280 kilometres southwest of Stavanger. The objective of the well was to…
10 February 2021
Jumbo Shines As Tier 1 Contractor During Yunlin Transport Scope
Representing a significant milestone in the largest job in its history, Jumbo has completed the transportation part of its Transport & Installation contract for the Yunlin offshore wind farm in Taiwan. Jumbo mobilised ships from its own Heavy Lift Vessel fleet, together with subcontracted deck carriers and HLVs from third…
9 February 2021
CNOOC Limited Announces its 2021 Business Strategy and Development Plan
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its business strategy and development plan for the year 2021. In the extremely challenging year of 2020, under the leadership of the Board of Directors, the Company’s management, together with all staff, overcame the huge impact from low…
9 February 2021
Providence Resources P.l.c. Government consent for Barryroe site survey
Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based resource development company (“Providence” or the “Company”), is pleased to announce Government approval to undertake a seabed and shallow geophysical survey and an environmental baseline and habitat assessment survey, at the K-Site location, Barryroe, North Celtic Sea, South West Coast…
9 February 2021
DP Energy makes big splash with Irish offshore deal
Cork-based renewable energy developer DP Energy and Spanish energy giant Iberdrola have agreed a deal to develop three offshore wind projects off the coast of Ireland, with Iberdrola acquiring a 3GW pipeline of offshore wind and a majority stake in DP Energy’s Irish offshore business. At least two of the…
9 February 2021
Aker BP – consent to use Maersk Integrator
The Petroleum Safety Authority Norway has given Aker BP consent to use Maersk Integrator for production drilling at the Ula field.
9 February 2021
Drilling permit for well 7220/7-4 in production licence 532
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 7220/7-4, cf. Section 13 of the Resource Management Regulations. Well 7220/7-4 will be drilled from the Transocean Enabler drilling facility in position 72°25'4.32"N and 20°8'25.73"E after drilling development wells on the Johan Castberg field. The drilling…
9 February 2021
Bahamas Petroleum Company plc ("BPC" or the "Company") Perseverance #1 - Completion of Drilling
BPC, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development, and exploration assets across the region, provides the following update on the drilling of its Perseverance #1 well in The Bahamas. Highlights · The Perseverance #1 well in The Bahamas has encountered hydrocarbons, successfully validated…
9 February 2021
Aker Solutions and Siemens Energy Selected As Preferred Bidder for One of the World’s Largest Offshore Wind Farms
Aker Solutions, in a consortium with Siemens Energy, was selected by Vattenfall as preferred bidder for the Norfolk offshore wind project located in the North Sea off the coast of Norfolk. If Vattenfall proceeds with this development, the intention is to conclude an EPCI contract where the consortium will deliver…
9 February 2021
Sypris Wins Awards From Two High-Pressure Energy Projects
Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received orders for its Tube Turns® D-bolt and Tool-less® specialty closures for use in high-pressure oil and gas applications, including the Anchor Field development project in the Gulf of Mexico and the planned…
8 February 2021
Asia Pacific offers plenty of subsea opportunities
The Asia Pacific region offers plenty of opportunities for the UK’s subsea engineering sector, both in the traditional oil and gas business, as well as the rapidly expanding renewable energy industry, reckons Subsea UK. New research put together by the UK industry association shows that despite challenges, such as the…
8 February 2021
With hopes up after 2020’s success, Africa and the Americas host most of the top 30 high-impact wells for 2021
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals. The success rate rose to 41% from 32% in 2019 and pushed discovered volumes to 3.2 billion barrels of oil equivalent…
8 February 2021
bp advances offshore wind growth strategy; enters world-class UK sector with 3GW of advantaged leases in Irish Sea
bp and Energie Baden-Wuerttemberg AG (EnBW) of Germany have together been selected as the preferred bidder for two major leases in the UK Offshore Wind Round 4, the first such UK leasing round since 2010. This marks bp’s entry to the UK’s offshore wind power sector, currently the largest in…
8 February 2021
United Kingdom Offshore Wind: Total and GIG successful in securing seabed lease rights to jointly develop 1.5 GW offshore wind project
A 50/50 joint venture between Macquarie’s Green Investment Group (GIG) and Total has been successful in securing rights to a seabed lease in the Eastern Regions zone in the Crown Estate’s Offshore Wind Leasing Round 4. The project, which will be located off the UK’s East Anglian coast, could deliver…
8 February 2021
Trelleborg Awarded Contract by Randaberg Industries AS to Provide Vikotherm® R3 Thermal Insulation to Norwegian Oil and Gas Field
Trelleborg’s offshore operation in Norway has been awarded a contract by Randaberg Industries AS, to provide Vikotherm® R3 thermal insulation for the 10 inch VFS-2 spool skid to be installed on the Hod Field Development Project, located on the Norwegian Continental Shelf in the North Sea. This collaboration between Trelleborg,…
8 February 2021
Drilling permit for well 6507/4-2 S in production licence 211
The Norwegian Petroleum Directorate has issued a drilling permit to Wintershall Dea Norge AS for well 6507/4-2 S, cf. Section 13 of the Resource Management Regulations. Well 6507/4-2 S will be drilled from the Deepsea Aberdeen drilling facility in position 65°32'23.77"N and 07°11'22.41"E following a stay at a shipyard. The…
8 February 2021
Maersk Drilling awarded one-well drillship contract in Korea
Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill one exploration well in Block 6-1 offshore the Republic of Korea. The contract is expected to commence in June 2021, in direct continuation of the rig’s previous work scope, with an…
8 February 2021
Petrofac secures Petroleum Development Oman contracts
Petrofac has been awarded two contracts, together worth around US$300 million through Petroleum Development Oman (PDO). The first is a direct EPC contract for PDO’s Marmul Main Production Station (MMPS) - Gas Compression project. The scope of work for the 30-month, lump-sum turnkey contract includes engineering, procurement, construction, commissioning, start-up…
8 February 2021
BOEM Cancels Comment Period, Virtual Meetings for Proposed Lease Sale Offshore Alaska
The Bureau of Ocean Energy Management (BOEM) announced it has canceled the public comment period on the Draft Environmental Impact Statement (EIS) for the proposed Cook Inlet OCS Oil & Gas Lease Sale 258, off Alaska’s southcentral coast. Due to cancellation of the public comment period, the virtual meetings previously scheduled…
5 February 2021
Global installed offshore wind capacity to see 37% growth in 2021, fueled by China
Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 gigawatts (GW) at year-end, from 27.7 GW at the end of 2019, Rystad Energy estimates. China was the main contributor in 2020, accounting for 39% of last year’s additions, followed by the Netherlands…
5 February 2021
The first discovery this year made near the Troll field in the North Sea
Equinor and partners DNO Norge, Petoro and Wellesley Petroleum have struck gas and oil in production licence 923. Recoverable resources are estimated at between 7 and 11 million standard cubic metres of oil equivalent, corresponding to 44 – 69 million barrels of oil equivalent. “It is inspiring to see how…
5 February 2021
NOPSEMA takes compliance action against Woodside Energy Ltd to ensure safe and responsible decommissioning of the Nganhurra riser turret mooring
NOPSEMA has accepted a revised Nganhurra Cessation of Operations Environment Plan by Woodside, for the decommissioning of the Nganhurra riser turret mooring from title area WA-28-L. Through accepting the environment plan, NOPSEMA has required Woodside to implement a range of protective measures to prevent and mitigate impacts to whale sharks,…
5 February 2021
Maersk Drilling awarded two-well contract extension for low-emission rig Maersk Integrator under Aker BP alliance
Maersk Drilling has secured an additional two-well contract for the low-emission rig Maersk Integrator with Aker BP. The plan is that in direct continuation of the rig’s previously announced work scope with a different operator, Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected…
5 February 2021
Rosneft and bp agree to cooperate on carbon management and sustainability
Rosneft Oil Company and bp have signed a Strategic Collaboration Agreement focused on supporting carbon management and sustainability activities of both companies. The agreement builds on years of partnership between the two companies and formalises key elements of their collaboration on sustainability and work to identify carbon reduction activities and…
5 February 2021
Equinor – consent for exploration drilling in the Barents Sea
The Petroleum Safety Authority Norway has given Equinor consent to drill exploration well 7322/6-1 S in the Barents Sea.
5 February 2021
Drilling permit for well 34/4-16 S in production licence 882
The Norwegian Petroleum Directorate has granted Neptune Energy AS a drilling permit for well 34/4-16 S, cf. Section 13 of the Resource Management Regulations. Well 34/4-16 S will be drilled from the Deepsea Yantai drilling facility in position 61°33'42.58"N and 02°02'10.59"A after drilling development wells on the Gjøa field. The…
5 February 2021
TechnipFMC Announces Record and Distribution Dates for Separation into Two Industry-leading, Independent, Publicly Traded Companies
TechnipFMC plc announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player (“Technip Energies”). The transaction is structured as a spin-off of a majority stake in…
4 February 2021
EnQuest signs agreement to acquire equity interest in the Golden Eagle development
EnQuest PLC (together with its subsidiaries, ‘EnQuest’), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), is pleased to announce it has signed an agreement with Suncor Energy UK Limited (’Suncor’) to purchase Suncor’s entire 26.69% non-operated equity interest…
4 February 2021
Maersk Drilling selected for long-term drilling campaign by Tullow Oil
Maersk Drilling has received a conditional letter of award (“CLOA”) from Tullow Ghana Ltd. (“Tullow”) for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana. The duration of the final contract is around four years…
4 February 2021
Kongsberg Maritime to launch next generation HUGIN Endurance AUV
Kongsberg Maritime announced the next generation of its advanced HUGIN Autonomous Underwater Vehicle (AUV). Named HUGIN Endurance, the new AUV boosts operational duration to approximately 15 days, enabling extended survey and inspection missions far from shore. This longevity allows HUGIN Endurance to undertake extensive missions without the support of a…
4 February 2021
BOEM to Resume Environmental Review of Vineyard Wind’s Proposed Project
In support of the Biden administration’s goal to address climate change and promote offshore renewable energy production, the Bureau of Ocean Energy Management (BOEM) announced today that it intends to resume the environmental review of Vineyard Wind’s proposed offshore wind project. “Offshore wind has the potential to help our nation…
4 February 2021
Vantage Drilling International Announces Letter of Award for the Platinum Explorer
Vantage Drilling International (“Vantage” or the “Company”), announced today, that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a two-year contract from Oil and Natural Gas Company (“ONGC”). The Platinum Explorer is currently performing under an existing three-year contract with ONGC, which is expected to…
4 February 2021
Government to introduce legislation to ban new oil and natural gas exploration and extraction
The Minister for the Environment, Climate and Communications, Eamon Ryan TD, has obtained Cabinet approval to introduce legislation to ban licences for new oil and natural gas exploration. The legislation will be included in the Climate Action and Low Carbon Amendment Bill which will go before the Oireachtas shortly. Today’s…
4 February 2021
Offshore wind power - case processing after 1 January 2021
At the turn of the year, the Marine Energy Regulations will enter into force, and the areas Utsira North and Southern North Sea II will be opened up for renewable energy at sea. Many people request information about the processing of offshore wind power projects. The Ministry has established a…
4 February 2021
Saipem: awarded new contract in the renewable energy sector in France
Saipem has been awarded a contract by Eoliennes Offshore du Calvados SAS (EODC) for the Courseulles-sur-Mer Offshore Wind Farm in Normandy, France, carrying a total value for Saipem of approximately 460 million euros. The contract is subject to a Notice To Proceed, which is contingent upon EODC making a positive…
3 February 2021
Total outperformed peers in 2020, a year of cost reductions and poor discoveries
Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as the French company not only exceled in financial and operational performance, but also was the…
3 February 2021
Polarcus: Lenders withdraw support of ongoing vessel operations
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) refers to the announcements issued on 26 January 2021 concerning the enforcement of share pledges over the Former Subsidiaries. Capitalized terms in this announcement have the same meaning as given in those announcements. Since the earlier announcements, the Company has been in…
3 February 2021
Weir completes sale of Oil & Gas to Caterpillar Inc.
The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustments, was first announced on 5 October 2020 and approved by Weir Shareholders on 23 November 2020. Since then, the Group’s joint venture partner in Saudi Arabia-based Arabian Metals Company (AMCO) has exercised its pre-emption…
3 February 2021
INPEX Acquires Additional Interest in Lucius and Hadrian North Fields in US Gulf of Mexico
INPEX announced today that through its subsidiary, INPEX Americas, Inc., it has additionally acquired a portion (2.3546 percent) of the participating interest (23.29512 percent) in the Lucius and Hadrian North fields previously held by ExxonMobil. This acquisition increases INPEX’s participating interest in the Lucius and Hadrian North fields from 7.75309…
3 February 2021
BOA OCV AS – Awarded another contract with DEME Offshore
BOA OCV have been awarded a new contract with DEME Offshore for the subsea construction vessel BOA Sub C. The BOA Sub C will be deployed at the Saint-Nazaire offshore wind farm in France with commencement in Q2 2021 for a period of 220 days firm plus options.
3 February 2021
Windfarm work awarded by MHI Vestas
Solstad Offshore ASA (“Solstad”) is pleased to announce that the company has signed a contract with MHI Vestas for hire of the CSV Normand Fortress to support their W2W operations at the Triton Knoll windfarm in UK. The firm period of the contract is 140 days plus options thereafter, commencing…
3 February 2021
Offshore EPC investment primed for a rapid bounce-back in 2021
2020 will be remembered as one of the most challenging years in the history of the oil and gas sector. Oil consumption fell to levels not seen since 2001 and at one point US producers were paying to offload crude as the WTI price went negative for the first time…
3 February 2021
Tekmar Energy’s CPS chosen to protect export and array cables on Saint-Nazaire
Following an award for the array cable scope in 2020, Tekmar Energy is pleased to announce that Prysmian Group has selected its Generation 10 Cable Protection System (CPS) to protect export cables on the Saint-Nazaire offshore wind farm, meaning the project’s entire subsea cable system will be protected with Tekmar…
2 February 2021
Namaka Subsea sign agreement with local software development firm.
Namaka Subsea, a subsea consultancy firm and global subject matter expert in subsea operations, has signed an agreement with Aberdeen based software development firm DEV4 Online Ltd. Namaka Subsea are delighted to partner with DEV4 as their preferred software supplier following the successful development of their Diving Content Management System,…
2 February 2021
Dry well northwest of the 7220/11-1 (Alta) oil/gas discovery in the Barents Sea – 7219/11-1
Lundin Energy Norway AS, operator of production licence 533 B, has concluded the drilling of wildcat well 7219/11-1. The well was drilled about 40 kilometres southwest of the Johan Castberg field, 35 kilometres northwest of the 7220/11-1 (Alta) oil/gas discovery and 225 kilometres northwest of Hammerfest. The exploration target for…
2 February 2021
C-Innovation Signs One-year Contract Extension with BP for Riserless Light Well Intervention (RLWI) in Gulf of Mexico
C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has announced a one-year contract extension with BP for Riserless Light Well Intervention (RLWI) in the Gulf of Mexico (GOM). The Island Venture and team are currently mobilized and in the field working on one…
2 February 2021
PGS Completes GeoStreamer Acquisition on 17th Round Blocks in Campos Basin
Ramform Titan has surveyed additional open acreage to complete PGS coverage of the emerging plays of the outboard Campos Basin. This survey provides the first 3D seismic for Brazil's 17th Round, scheduled for October 2021. Fast-track anisotropic (TTI) PSDM products for the additional acreage will be available in July. Ramform…