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20 March 2020
Havila Shipping ASA: Contract extension for the PSVs Havila Aurora and Havila Fortune and contract for PSV Havila Borg
Havila Shipping ASA has been notified by Axxis Geo Solution ASA wih extensions for the PSV vessels Havila Aurora until end of May 2020 and Havila Fortune until mid June 2020.There are further two optional periods each of 3 months for both vessels. The company has also entered into a…
20 March 2020
Jadestone Energy Revised 2020 Capex Guidance and Update on the Southwest Vietnam Gas Development
Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, provides an update on its 2020 capital expenditure guidance.In light of current market conditions, and in order to continue to maintain the Company’s strong balance sheet in these…
20 March 2020
EnQuest Operations Update
Strong 2019 production performance and cash generation with reduced net debt;Expect 2020 production between 61,000 Boepd and 68,000 Boepd; 2020 senior credit facility amortisation repaid ahead of schedule; further debt reduction remains a key focus2019 performanceProduction up c.24% year on year, driven by Magnus acquisition and improved Kraken uptimeAverage Group…
20 March 2020
Rockhopper Exploration Covid-19 update
Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, provides the following update in response to current market uncertainty related to COVID-19 and commodity price weakness.In January 2020, Rockhopper and Premier Oil announced that a detailed Heads of…
20 March 2020
Renewables: Total Enters Floating Offshore Wind with a First Project in the UK
Total positions itself on the floating offshore wind segment in line with its strategy to develop renewable energy.The Group has signed an agreement with the developer Simply Blue Energy to acquire 80% stake in the pioneering floating wind project Erebus located in the Celtic Sea, in Wales. The project will…
19 March 2020
TEPCO and Ørsted agree to establish a joint venture company for offshore wind in Choshi
Tokyo Electric Power Company Holdings, Incorporated (TEPCO), the largest power company in Japan, and Ørsted A/S (Ørsted), the world's leading offshore wind developer, announced today that they have agreed to establish a joint venture company, Choshi Offshore Wind Farm K.K., with the intention of working towards a joint bid in…
19 March 2020
Tracerco secures first baseline subsea inspection project for a new pipelay development
Tracerco, part of Johnson Matthey Plc, has recently been awarded a deep-water subsea inspection project to assess the integrity of a new pipelay in the Gulf of Mexico (GoM).As a method of ensuring maximum value and profitability, whilst safeguarding operational personnel and the environment, the operator will deploy DiscoveryTM, Tracerco’s…
19 March 2020
Four-year zonal isolation contract in Malaysia
Independent global completions service company Tendeka has secured a four-year contract to supply its zonal isolation technologies across a leading operator’s Malaysian assets.The contract was awarded through Tendeka’s partner in the region, Dialog Systems Sdn Bhd (DSSB), a wholly owned subsidiary of Dialog Group Bhd, one of Malaysia’s leading technical…
19 March 2020
Unity secures multi-million-pound contract with Spirit Energy for well integrity services.
Unity, Europe’s largest provider of well integrity technology, services and engineering solutions, has been awarded a three-year contract by Spirit Energy to maintain wellhead equipment across twelve platforms in the East Irish Sea, Southern North Sea and the Dutch sector of the North Sea.As part of the work-scope Unity will…
19 March 2020
Axxis Geo Solutions awarded extension to Middle East contract
Reference is made to notification from Axxis Geo Solutions ASA (AGS) dated 30 December 2019 concerning a contract for 3D ocean bottom node (OBN) seismic acquisition survey in the Middle East. AGS is pleased to announce that an extension to this contract has been awarded. The additional work is estimated…
19 March 2020
i3 Energy plc ("i3" or the "Company") Drilling Contract and Sale of Economic Interest in Block 13/23c
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. Drilling Contract The Company has entered into a drilling contract with Dolphin Drilling Limited ("Dolphin") to utilise either the Borgland Dolphin or Blackford Dolphin semi-submersible drilling rig…
19 March 2020
Arrival Sleipnir, the largest crane vessel in the world, in Rotterdam
The world's largest semi-submersible crane vessel Sleipnir will arrive in the Port of Rotterdam for the first time on Saturday, March 21. Sembcorp Marine, a Singaporean ship and offshore builder, completed the construction of Heerema's Sleipnir in July 2019. Since then, the vessel has been busy across the globe.Named after…
19 March 2020
Gulf of Mexico Lease Sale yields more than $93 million in high bids
In support of President Donald J. Trump's America-First Offshore Energy Strategy, Bureau of Ocean Energy Management today announced that region-wide Gulf of Mexico Lease Sale 254 generated $93,083,453 in high bids for 71 tracts covering 397,285 acres in Federal waters of the Gulf of Mexico. A total of 22 companies…
18 March 2020
Global wave and tidal stream energy production surges tenfold
Global wave and tidal stream energy production has risen tenfold over the last decade, according to a report issued today by a leading ocean energy organisation.Ocean Energy Systems (OES) annual report shows cumulative energy produced from wave and tidal stream sources surged from less than 5GWh in 2009 to 45GWh…
18 March 2020
BW Offshore : Signed Five-year Contract For BW Pioneer with Five-Year Option
BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer on the Cascade and Chinook fields on behalf of MP Gulf of Mexico, LLC (MP GOM) with a five-year option to extend. The firm period commences in direct continuation of the current contract and…
18 March 2020
iXblue launches the Gaps M5, a cost-effective and export-free USBL system, for ultra-shallow water to medium water depths
iXblue, a major provider of advanced navigation, subsea positioning and imagery solutions announces the launch of the Gaps M5, a new compact, export-free and omnidirectional USBL system for accurate location, positioning and tracking of subsea assets.Latest addition in iXblue’s new USBL product range, the new Gaps M5 joins the renown…
18 March 2020
Neptune Energy Teams Up With Aberdeen Students For ROV Challenge
Neptune Energy is partnering with a team of University of Aberdeen students, supporting their entry to a global engineering challenge to build a working remotely operated vehicle (ROV) and establishing new links between the operator, the university and the next generation of oil and gas professionals.Neptune was approached by the…
18 March 2020
Solus-LR Successfully Completes First Sea Trials
Cellula Robotics has successfully completed the initial builder’s sea trials for the Solus-LR Autonomous Underwater Vehicle (AUV).Solus-LR is a fuel cell powered long range AUV, capable of 2000km submerged missions; it is currently being built for Defence Research Development Canada under the All Domain Situational Awareness Science and Technology Program.…
18 March 2020
Termination of bare-boat contracts
Solstad Offshore (SOFF) and SFL Corporation Ltd (SFL) have agreed to terminate the bareboat charter agreements for the two PSV’s Sea Halibut and Sea Pike and the vessels have been handed back to SFL. Both vessels have been in laid up since 2016.
18 March 2020
Mol Norge Discovers Oil and Gas In The Norwegian North Sea
MOL Norge AS (member of the MOL Group), as operator of production license 820S, has discovered oil and gas offshore Norway.MOL Plc. (“MOL”) hereby notifies the market participants of the following:MOL Norge AS (member of the MOL Group), as operator of production license 820S, has discovered oil and gas offshore…
18 March 2020
Oil and gas discovery near the Balder field in the North Sea - 25/8-19 S and 25/8-19 A
MOL Norge AS, operator of production licence 820 S, has concluded the drilling of wildcat well 25/8-19 S and appraisal well 25/8-19 A.The wells were drilled about 8 kilometres northwest of Ringhorne on the Balder field in the central part of the North Sea and about 200 kilometres west of…
17 March 2020
Supergen ORE Hub launches funding programme to further offshore renewable energy research
The Supergen Offshore Renewable Energy (ORE) Hub has launched its second round of Flexible Funding to advance research into the opportunities and challenges of offshore wind, wave and tidal energy.This second round of Flexible Funding will award a total of up to £1.2m to researchers at UK Higher Education Institutions…
17 March 2020
Djibouti Africa Regional Express 1 (DARE 1) Submarine Cable now in Mombasa
Telkom Kenya has landed the Djibouti Africa Regional Express 1 (DARE 1) submarine cable in Mombasa. The DARE 1 cable will now offer a strategic alternative in the routing of traffic as well as the handling of increased capacity to East Africa. More
17 March 2020
Brent Field Decommissioning
Shell’s draft decommissioning program for the Brent field pipelines and associated subsea structures and debris. located in the North Sea, has been approved by the UK authorities.Brent Field Decommissioning plans
17 March 2020
PGS Improves Presalt Imaging in Brazil using Innovative Reprocessing
The March edition of First Break focuses on modeling and interpretation and features an article from PGS on improving presalt imaging by deploying innovative model driven technology. The authors outline the impact of advanced modeling and inversion technologies on seismic data reprocessing to support exploration and production objectives in a…
17 March 2020
CNOOC Limited Announces A Large-sized Discovery Kenli 6-1 in Bohai
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that the Company made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil filed in Laibei lower uplift.The Kenli 6-1 structure is located in Laibei lower uplift in southern Bohai…
17 March 2020
South Marsh Island 71 F4 Well
Byron Energy Limited is providing an update on the initial performance of the Company's SM71 F4 well. The SM71 F4 well has now been turned over to production and the initial flow rates from D5 Upper Sand are consistent with the Company's expectations based on a comprehensive analysis of the…
17 March 2020
UK: Total Makes a New Gas and Condensates Discovery in the North Sea
Total, Operator, and its partners have made an encouraging discovery with the Isabella 30/12d-11 well on the license P1820, located in the Central North Sea offshore U.K., about 40 kilometers south of the Elgin-Franklin Field and 170 kilometers east of Aberdeen.The well was drilled in a water depth of about…
16 March 2020
Sale of DLB Norce Endeavour
Solstad Offshore ASA (“SOFF”) in December 2019 entered into a bareboat Contract with Saipem Portugal Commercio Maritimo Limitada (“Saipem”), a subsidiary of Saipem S.p.A., for the DLB Norce Endeavour. As part of the bareboat Contract Saipem Portugal had the option, at its discretion and subject to, among others, Saipem internal…
16 March 2020
Siem Offshore Charter Contract For A Dual Fuel PSV
The Dual Fuel PSV “Siem Symphony” has been awarded a charter contract with Lundin Norway AS for supporting a 10 well drilling campaign on the Norwegian Continental Self. The firm contract is estimated up to 600 days plus options and the vessel is expected to commence operation during second quarter…
16 March 2020
Longboat Energy plc Market Update
Longboat Energy, established by the former management team of Faroe Petroleum plc to build a significant North Sea-focused E&P business, provides an update to the market following recent world and oil market events. Strategy Since Longboat was admitted to AIM on 28 November 2019, the Directors’ time and resources have…
16 March 2020
TechnipFMC Provides Update on Planned Separation
Market conditions have changed materially due to the COVID-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets. The impacts of these events have created a market environment that is not currently conducive to the Company’s planned separation into TechnipFMC and Technip Energies.The Company…
16 March 2020
Carnarvon Shareholder update
Dorado development work progressing with the focus on starting FEED as planned • New seismic data interpretations over Dorado and nearby prospects are showing positive results • Carnarvon’s strong cash balance will comfortably cover all 2020 expenditure and beyond There has been a dramatic global response to the spread of…
16 March 2020
Jersey Oil and Gas plc Greater Buchan Area Joint Integrated Studies Agreement
Jersey Oil & Gas plc (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 it has established and will lead the Greater Buchan Area Joint Integrated Studies Agreement (the "Agreement") between neighbouring field operators, to…
16 March 2020
Drilling permit for well 35/8-7S in production licence 880
The Norwegian Petroleum Directorate has granted Capricorn Norge AS a drilling permit for well 35/8-7S, cf. Section 15 of the Resource Management Regulations.Well 35/8-7S will be drilled from the Island Innovator drilling facility in position 61°16'8.62"N and 3°30'23.14"E.The drilling programme for well 35/8-7S relates to the drilling of a wildcat…
13 March 2020
PivotBuoy Detailed Design Unveiled
The PivotBuoy project Detailed Resign review (DDR) meeting was held at X1 Wind offices in Barcelona on the 4th and 5th of March 2020, and the design of the PivotBuoy system has been completed and is now ready for manufacturing at DEGIMA facilities in Santander.The PivotBuoy Project aims to validate…
13 March 2020
Greentown Labs and Vineyard Wind Launch the Offshore Wind Challenge to Accelerate Technologies that Protect Marine Life
Greentown Labs, the largest cleantech incubator in North America, and Vineyard Wind, developer of the first utility-scale offshore wind energy generation facility in the United States, are now accepting applications for the Offshore Wind Challenge. Greentown Labs and Vineyard Wind are seeking submissions from startups that are innovating in marine…
13 March 2020
Tekmar Energy awarded milestone CPS contract in France to protect the country's first offshore wind farm.
Tekmar Energy Limited, a Tekmar Group Company, is delighted to announce a contract award from French cable installation specialist Louis Dreyfus TravOcean (Subsidiary of Louis Dreyfus Armateurs Group), to supply TekLink® cable protection systems (CPS) for Parc du Banc de Guérande Offshore Wind Farm (Saint-Nazaire).Saint-Nazaire is a 480MW offshore wind…
13 March 2020
Swan Hunter completes mobilisation of 4000Te Carousel onto Normand Clipper CSV for Global Marine Group
Swan Hunter have successfully completed the mobilisation of a 4000Te carousel onto the Normand Clipper CSV for Global Marine Group.Swan Hunter carried out significant structural modifications to the carousel to allow long-term integration onto the vessel, starting with a 3 year charter, with further extension options thereafter.Director, Gerard Kroese stated“This…
13 March 2020
Improved execution of development projects
A review of 66 projects on the Norwegian continental shelf (NCS) in 2007-18 reveals that most have kept their cost within the estimates given in their plan for development and operation (PDO).This emerges from the report on Project execution on the Norwegian continental shelf (pdf), which the Norwegian Petroleum Directorate…
13 March 2020
Total to Build the Largest Battery-based Energy Storage Project in France
The development of renewable energy that is intermittent and decentralized requires the security of the electricity grid through flexible electricity storage capacities, especially in the form of batteries.Total launches a battery-based energy storage project in Mardyck, at the Flandres Center, in Dunkirk’s port district. With a storage capacity of 25…
13 March 2020
Out Of Service? OFS Firms Brace For Bankruptcies As Price War Could Slash $250 Billion Off E&P Budgets
The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by $100 billion in 2020 and another $150 billion in 2021 if oil prices remain at a $30 level, a Rystad Energy impact analysis revealed – a development that will heavily impact…
13 March 2020
Proposed Development Of The Tain Field
Repsol Sinopec have today posted on our website an Environmental Statement for public consultation on the proposed development of the Tain field, Licence P.983.Tain, discovered in 2005, lies in block 13/23b in the Outer Moray Firth. The field was fully appraised via two sidetracks from the original discovery well in…
12 March 2020
Latest R&D Tests Reveal Stability, Control and Optimum Performance At Heart Of Next Gen Ev-ROV Technology
The release of the next generation of Work Class ROV comes significantly closer this week, as subsea technology specialists SMD prepare to reveal its field test ready electric Quantum EV ROV.The ground breaking technology that underpins the high performance electric ROV was unveiled in September 2019 at OE19 and since…
12 March 2020
Xodus doubles Perth team after strong year
International energy consultancy Xodus Group has doubled its Perth workforce after a successful year which has resulted in the company moving to new offices in the city. Xodus has seen a surge in its environmental, field development and subsea work. The company recently secured a major cross-services contract with Beach…
12 March 2020
Ocean Power Technologies, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Government Funding
Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced that it is working on a groundbreaking solution for carbon-free subsea autonomous underwater vehicle (AUV) residency – long-term, persistent deployment without support from manned vessels – with joint development partners Modus Seabed Intervention and…
12 March 2020
DOF contract awards
DOF (UK) Limited has been awarded an extension for the Skandi Barra by an undisclosed client for approximately four months. Commencement is in direct continuation of the current contract. DOF has been awarded 1-year contracts by the SNSPOOL for the Skandi Captain and Skandi Texel. Commencement for both vessels will…
12 March 2020
Several long-term contracts for Island Offshore
Island Offshore has secured long-term contracts for several of its platform supply vessels. The two LNG-fuelled PSVs Island Crusader and Island Contender as well as a third sister vessel Island Commander, are awarded contracts with Lundin Norway: The two first-mentioned vessels for a period of 600 days and 400 days…
12 March 2020
TAQA submits plan for removal of Cormorant Alpha derrick
TAQA a UK subsidiary of the Abu Dhabi National Energy Company, has submitted a draft plan for the removal of the derrick structure as well as the modular drill rig installation on the Cormorant Alpha platform to be considered by the UK authorities. The platform is located in Block 211/26a…
12 March 2020
EIOF - Contract award for Viking Lady
Eidesvik Offshore ASA have been awarded a contract for Viking Lady from Aker BP under the agreement between the parties. The firm period is six months in continuation of the existing contract.