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14 February 2020
Noble Corporation plc Announces Drilling Services Agreement With ExxonMobil In The Guyana-Suriname Basin
Noble Corporation plc and ExxonMobil today announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble's fleet. The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden and…
14 February 2020
United States of America Interior Announces Region-Wide Oil and Gas Lease Sale for Gulf of Mexico
U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020. The sale would include all available unleased areas in federal waters of the Gulf of Mexico.More Available here
14 February 2020
TGS Announces Eastern Delta Refocus Imaging Program in U.S. Gulf of Mexico
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the Eastern Delta Refocus 3D OBS (Ocean Bottom Seismic) imaging program in the U.S. Gulf of Mexico. This reprocessing project marks the next phase of imaging over the mature, hydrocarbon producing areas of Main…
14 February 2020
i3 Energy plc ("i3" or the "Company") Corporate Update
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. Serenity / Liberator Farm-out Process The Company is making good progress in its farm-out process to fund a 2020 appraisal drilling program on its assets in Blocks…
14 February 2020
Prosafe SE: Update on financial situation, process with lenders and merger with Floatel
Prosafe refers to the information on its financial status and process with lenders that was provided in the Q4 2019 report published on 6 February 2020, as well as previous update on lender discussions provided on 14 January 2020.The discussions with its lenders continue and remain constructive. Pending conclusions, Prosafe…
14 February 2020
Dorado 3D seismic data update
Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) advises that it has received the first preliminary data set from the 2019 Keraudren 3D seismic survey, and that interpretation of this dataset is underway. Early indications are that the Keraudren 3D has achieved the objective of providing superior quality data over Dorado, and that…
14 February 2020
Lamprell Plc : Lamprell And Askelos Announce Digital Collaboration
Akselos, a market leader in Digital Twin solutions and Lamprell, a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy sectors have signed an exclusive Memorandum of Understanding (MoU). Under the terms of the MoU, Lamprell will be able to…
14 February 2020
Mocean teams up with subsea sector
Mocean Energy has teamed up with energy major Chrysaor, subsea energy storage experts EC-OG and AUV specialist Modus in a project to look at using renewables for subsea power.The project, funded by the partners together with the Oil and Gas Technology Centre (OGTC), will look to use Mocean Energy’s Blue…
14 February 2020
Exploring the potential of robotics in the oil and gas industry
Aker BP and Cognite today announced a strategic initiative to explore how robotics systems can be used to make offshore operations safer, more efficient and more sustainable.Cognite, a global industrial AI software-as-a-service (SaaS) company and Aker BP will do several tests using robots and drones on the Aker BP operated…
14 February 2020
Exploring the potential of robotics in the oil and gas industry
Aker BP and Cognite today announced a strategic initiative to explore how robotics systems can be used to make offshore operations safer, more efficient and more sustainable.Cognite, a global industrial AI software-as-a-service (SaaS) company and Aker BP will do several tests using robots and drones on the Aker BP operated…
14 February 2020
Defying expectations of a rise, global carbon dioxide emissions flatlined in 2019
Despite widespread expectations of another increase, global energy-related carbon dioxide emissions stopped growing in 2019, according to IEA data released today.After two years of growth, global emissions were unchanged at 33 gigatonnes in 2019 even as the world economy expanded by 2.9%. This was primarily due to declining emissions from…
14 February 2020
Dry well near the Balder field in the North Sea – 25/7- 9 S
ConocoPhillips Skandinavia AS, operator of production licence 917, has concluded the drilling of wildcat well 25/7-9 S.The well was drilled about 7 kilometres northwest of the Balder field in the central part of the North Sea and 200 kilometres west of Stavanger.The objective of the well was to prove petroleum…
14 February 2020
CNOOC Limited Announces Bozhong 34-9 Oilfield Commences Production
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced that Bozhong 34-9 Oilfield has commenced production.Bozhong 34-9 oilfield is located in the south of Bohai Sea with average water depth of 18.1 meters. In addition to fully utilizing the existing facilities of Kenli oilfield, the major production facilities…
14 February 2020
Seabased Is Partnering With EMEC To Prepare For Certification
Seabased Group has signed an agreement with the European Marine Energy Centre (EMEC) to design and implement a testing programme supporting Seabased’s certification goal for its latest generation wave-to-grid wave energy park technology.Certification will pave the way for quality-controlled manufacture. A certified process will enable a reduction in manufacturing costs,…
14 February 2020
Island Victory ready to prove her capabilities
Island Offshore has taken delivery of the new offshore installation vessel Island Victory - Christened during a name giving ceremony at VARD Langsten today. Island Victory is a vessel of mighty capacities and will be heading straight into operation after delivery. At first a couple of weeks in the spot…
14 February 2020
Aker BP strengthens its position in the Skarv area
Aker BP has entered into an agreement with PGNiG Upstream Norway AS to swap its 3.3 percent interest in the non-operated Gina Krog field and an 11.9175 percent interest in licence 127C, in exchange for a 5 percent interest and operatorship in licence 838 and a cash consideration.Licence 838 contains…
14 February 2020
Increased production from the Fram field
A new gas module that was recently put on stream on the Troll C platform will accelerate and boost production from Fram by substantial profitable volumes.Fram is an oil and gas field tied in to the Troll C platform. In 2017 the Fram partners decided to invest about NOK 1…
14 February 2020
Fugro Awarded Aker Energy Contract For Pecan Field Survey Offshore Ghana
The surveys will obtain critical seabed and sub-seabed information to facilitate the planning and emplacement of the Pecan subsea infrastructure and the floating, production, storage and offloading (FPSO) ship. “This project will build on the extensive experience that our vessels and staff have gained in Ghana and the wider West…
14 February 2020
Searcher Completes Offshore Peru OpenSeis 2D & 3D Seismic Datasets
Searcher is pleased to announce the completion of its Offshore Peru OpenSeis 2D & 3D Seismic Dataset as part of its Offshore Peru Multi-Client Campaign.The Offshore Peru OpenSeis Seismic Dataset consists of both 2D and 3D vintage seismic data which has been rectified in a post-stack reprocessing method. The data…
14 February 2020
Longboat Energy plc (“Longboat Energy”, “the Company” or “Longboat”) Final Results for the Year ended 31 December 2019
Longboat Energy, established by the former management team of Faroe Petroleum plc to build a significant North Sea-focused E&P business, announces its preliminary results for the period from incorporation on 28 May 2019 to 31 December 2019.Operational and strategy updateSince Longboat was admitted to AIM on 28 November 2019, the…
14 February 2020
Oceaneering Awarded Riserless Light Well Intervention Contract by BP
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced the award by units of BP p.l.c. ("BP"), of a contract to provide comprehensive riserless light well intervention (RLWI) services offshore Angola in Blocks 18 and 31. The value of this meaningful award is reected in our December 31, 2019 Subsea Products backlog.In connection…
10 February 2020
Premier Oil Files FPSO Removal Plan for North Sea Field
The UK oil and gas operator Premier Oil has field decommissioning plans for the removal of the riser system from the Huntington offshore oil field in the North Sea.The Huntington field will continue production via the FPSO until relevant notices are made to cease production.More
10 February 2020
Mermaid Maritime Public Company Limited : Incorporation Of A Subsidiary In The United Kingdom
Mermaid Maritime Public Company Limited (the “Company”) has annouced that it has incorporated an indirect wholly owned subsidiary, Mermaid Subsea Services (UK) Limited (“MSS UK”), in the United Kingdom on 7 February 2020.The Company intends to utilize MSS UK as a vehicle to expand the provision of its subsea andrelated…
10 February 2020
Ecopetrol and Shell join efforts to develop the gas province of the Colombian Caribbean
Ecopetrol S.A. (BVC: ECOPETROL,NYSE: EC) and Shell, through its subsidiary Shell EP Offshore Ventures Limited ("Shell") have signed an agreement where Shell will acquire a 50% stake in Fuerte Sur, Purple Angel and COL-5 blocks, located in the Colombian Caribbean deep-water, where a new gas province was discovered including the…
10 February 2020
Barbados Issues Offshore Exploration Licences To BHP Petroleum
The Ministry of Energy and Water Resources has issued offshore exploration licences, for the Carlisle Bay and Bimshire blocks, to BHP Petroleum.BHP will now commence the first three-year licence phase, which includes conducting 2D seismic surveys on the two exploration blocks. With favourable results, BHP may enter an optional second…
10 February 2020
Tower Resources plc Cameroon Operational Update
£1.4m to map carbon storage potential of UK offshore areasTower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following operational update on its work on the Thali licence in Cameroon, conducted through its…
10 February 2020
£1.4m to map carbon storage potential of UK offshore areas
A new study will identify the UK’s best sites and produce a road map for carbon storage to help the country reach its net zero targets, geologists say.The gas fields of the southern North Sea are the focus of the Heriot-Watt University study, which has received funding from the Oil…
10 February 2020
Non-Binding Letter of Intent for a Joint Transaction Concerning Ithaca Infrastructure
Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that on February 6, 2020 a non-binding Letter of Intent was signed between Ithaca Energy (UK) Ltd, a wholly owned (100%) subsidiary of the Company (“Ithaca”) and a global investment company, on behalf of its own account and on behalf…
7 February 2020
Seabased Partners with EMEC to Prepare for Certification
Wave Energy System Certification Helps Push The Industry ForwardSeabased Group has signed an agreement with the European Marine Energy Centre (EMEC) to design and implement a testing programme supporting Seabased’s certification goal for its latest generation wave-to-grid wave energy park technology.Certification will pave the way for quality-controlled manufacture. A certified…
7 February 2020
Qatargas Marks Major Milestone For NFB Living Quarters Expansion Project
Qatargas Operating Company Limited (Qatargas) achieved a major milestone with its North Field Bravo (NFB) Living Quarters Expansion (LQX) Project as it safely and successfully completed the onshore fabrication of the living quarters structure by Nakilat-Keppel Offshore Marine (N-KOM) at the Erhama Bin Jaber Al Jalahma Shipyard.The project is significant…
7 February 2020
Energean Oil & Gas plc (“Energean” or the “Company”) FPSO Hull Update
Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג ,(the oil and gas producer focused on the Mediterranean, issues an update on the potential impacts of the Novel Coronavirus on the construction of the Energean Power FPSO Hull, which is currently being built in Liuheng Island, China, and the overall…
7 February 2020
Impact Farms-In To Block 2912, Offshore Namibia; Orange Basin
Impact Oil and Gas, one of the leading independent oil and gas exploration companies operating offshore Southern and West Africa, is pleased to announce it has signed an agreement with Total E&P Namibia B.V., a wholly-owned subsidiary of Total S.A. (“Total”), to farm-in to the Total operated Block 2912, offshore…
7 February 2020
i3 Energy plc ("i3" or the "Company") Board and Operational Update
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announces the following update regarding its Board of Directors and ongoing operations. David Knox departing as Chairman to pursue renewables role in Australia On 1st January 2020, David took on significant additional responsibility as…
7 February 2020
PGNiG Norway hires Applied Petroleum Technology
Under the agreement, Applied Petroleum Technology will provide geochemical and biostratigraphic analyses to evaluate where the reservoir the oil sits, its nature and origin.“The results of our analyses will provide the operator and license partners with data that will further de-risk the Shrek prospect and, hopefully, enable them to find…
7 February 2020
Saipem: new offshore contracts worth over 500 million USD
Saipem has been awarded several EPCI contracts in various countries around the world worth over 500 million USD.The first EPCI contract has been awarded by Saudi Aramco in the Kingdom of Saudi Arabia as part of the Long-Term Agreement in force until 2021. The scope of the offshore work encompasses…
6 February 2020
Deep Ocean Refocues Its African Activities In Montpeliier
DeepOcean Refocuses African activities in MontpellierTo achieve our vision of being the world’s leading subsea services provider, we aim to be the leader in all regions in which we operate. Guided by our vision, we see more opportunity to grow in the Africa region and therefore we have decided to…
6 February 2020
Aibel awarded major FPSO contract
MODEC, a leading provider of floating solutions for the global offshore oil and gas industry, has awarded Aibel a Letter of Intent (LOI) in connection with MODEC’s supply of a new-built FPSO to Equinor for the Bacalhau field in Brazil.The Letter of Intent covers a FEED phase for management and…
6 February 2020
McDermott Awarded Large SURF and Transportation and Installation Project by BHP
McDermott International, Inc., today announced it has been awarded a large* contract by BHP to provide subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I), pre-commissioning of one jacket and topsides for the Ruby Project , offshore Trinidad and Tobago .The Ruby Field resides in the Block 3(a) development…
6 February 2020
Wood reaches agreement to sell industrial services business
John Wood Group PLC announces the sale of its industrial services business to technical services provider, Kaefer, for an initial cash consideration of circa $104 million and a further potential payment of up to circa $14m pending achievement of agreed financial goals.The divestment is another important step in Wood’s portfolio…
6 February 2020
Europa Oil & Gas (Holdings) plc Relinquishment of Irish Licensing Option 16/19
Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused exploration, development and production company, announces that it has elected to relinquish its interest in Licensing Option (‘LO’) 16/19 in the South Porcupine Basin, offshore Ireland. This follows the completion of the agreed work programme, including a full…
6 February 2020
Trident Energy commence new 4D seismic survey
Trident Energy commenced 4D seismic acquisition operations on the 22nd January 2020, over their Block G assets, which contain the Ceiba and Okume Fields, and are situated 15 km offshore in water depths ranging from 100 to 1,200m. The acquisition is being carried out by Polarcus Naila and the survey…
6 February 2020
Equinor sets ambition to reduce net carbon intensity by at least 50% by 2050
Equinor launches a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the Paris Agreement.Equinor aims to:reduce the net carbon intensity, from initial production to final consumption, of energy produced by at least…
6 February 2020
Hurricane Energy plc : ("Hurricane" or the "Company") Operational Update
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an operational update.Greater Warwick AreaThe 205/26b-14 well (the "Lincoln Crestal Well") on the Greater Warwick Area ("GWA") was drilled in Q3 2019, and tested at a maximum stable flow rate…
5 February 2020
Maersk Drilling releases Annual Report for 2019: Delivering as promised
The Board of Directors of The Drilling Company of 1972 A/S (“Maersk Drilling”) has adopted the Annual Report for 2019:Financial performance for 2019 (2018 in brackets)Revenue of USD 1,222m (USD 1,429m)EBITDA before special items of USD 415m (USD 611m)Cash flow from operating activities of USD 420m (USD 593m)Capital expenditures of…
5 February 2020
Guyana's GDP To Skyrocket In Coming Years As Oil Output Gathers Momentum
The economic fortunes of Guyana, with a population of only around 800,000, are poised for a major transformation after its first-ever oil development commenced production just six weeks ago. Offshore oil production is expected to grow rapidly in the years to come and will generate unprecedented revenues for the Guyanese…
5 February 2020
ADM Energy plc : MOU signed to create a proposed strategic alliance with Trafigura that enables the development and financing of energy projects in Africa
ADM Energy PLC (AIM:ADME), an oil and gas investing company quoted on AIM, has entered into a non-binding memorandum of understanding ("MOU") with Trafigura Pte Ltd ("Trafigura"), a market leader in the global commodities industry whose core business is the physical trading of oil and petroleum products and metals and…
5 February 2020
Osbit to provide well intervention system for FTAI Ocean
Osbit Ltd, the UK-based offshore technology company, has been awarded a contract by FTAI Ocean, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (FTAI), to design and construct an innovative new well intervention tower system.Osbit’s Smart Tower System facilitates integrated riserless and riser-based well intervention operations, in water depths…
5 February 2020
Solo Oil plc ("Solo" or "the Company") Proposed Transaction and Reverse Takeover Update
Solo (AIM: SOLO), the AIM investing company, targeting attractive production and development opportunities within the European gas market, announces that, further to the update provided by the Company on 20 December 2019, the Company remains in discussion with ONE Dyas with a view to renegotiating terms on the proposed transaction…
5 February 2020
Tower Resources plc Cameroon Operational Update
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following operational update on its work on the Thali licence in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon SA.The Geoquip Marine survey…
5 February 2020
PSM Data And Complementary Jumpstart Geoscience Package For CGG'S Mozambique Mult-client Survey Now Avaliable
CGG has announced the final 3D PSDM seismic dataset from its recent 15,400 sq km multi-client survey of the outer Zambezi Delta in the Mozambique Basin is now available for licence. The ultramodern data was acquired over blocks Z5-C and Z5-D and surrounding open acreage as part of a multi-client…