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5 February 2020
KBR Awarded Major PMC Services Contract by ADNOC for Ghasha Concession Project
KBR (NYSE: KBR) announced today it has been awarded a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concession portfolio of projects.Under the terms of the contract, KBR will act as the main PMC contractor responsible for managing the successful Engineering,…
5 February 2020
Grupo R and Shell Mexico sign service contract
Grupo R is proud to announce that it signed a contract with Shell Mexico for the lease of the La Muralla IV platform to operate in the deep waters of the Gulf of Mexico.The integrated contract model signed between Shell Exploración and Extraction de México and Grupo R will provide…
5 February 2020
Seatools CT Umbilical Winch
On behalf of its client Van Oord, subsea technology company Seatools completed the delivery of a CT umbilical winch. The winch will power Van Oord’s new subsea trencher “Deep Dig It,” which will be deployed during cable installation operations at an offshore wind farm later this year.The plug-and-play umbilical winch…
5 February 2020
Ramform Hyperion to Start New 3D Survey in PNG
PGS will commence the Painimaut 3D MultiClient program in Papua New Guinea (“PNG”) in early February. The program is expected to last for approximately 60 days and has strong industry funding.Ramform Hyperion will acquire the survey. The Ramform Hyperion is one of the largest, most advanced 3D seismic vessels in…
5 February 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 focus.2019 performanceProduction up c.24% year on year, driven by Magnus acquisition and improved Kraken uptime- Average…
5 February 2020
Rockrose Energy PLC ("RockRose") Acquisition of 100% interest in the Cotton gas Field (formerly "Carna")
RockRose Energy Plc ("RockRose" or "the Company"), the independent oil and gas production company, today announces it has signed a Sales and Purchase Agreement ("SPA") to acquire 100% of the equity of Speedwell Energy (1) Limited, the holder of 100% interest in the Cotton gas Field in the UK sector…
5 February 2020
PGNiG teamed up with another partner to accelerate startups
Polish Oil and Gas Company (PGNiG) will use the services of HugeTECH's IDEA Global accelerator. The cooperation will allow for the search and selection of startups whose innovative projects can be applied in the PGNiG Group. The undertaking is implemented as part of the second edition of the government's Scale…
5 February 2020
Oil Majors Boost Demand For Floaters As Deepwater Drilling Takes Off
Demand from the world’s top oil companies for floating drilling units has climbed steadily in the past two years and is set to rise further through 2020 and 2021 as the majors step up development and exploration activity in deepwater basins.Floater demand surged from around 50 contract years in 2010…
5 February 2020
BP announces first oil from Alligin field, west of Shetland
BP, as operator and on behalf of co-venturer Shell, today announced encouraging early production from the Alligin field in the west of Shetland region, offshore UK.Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into the existing Schiehallion and Loyal subsea infrastructure…
5 February 2020
Joint Venture between ProCon Wind Energy and UK-based CPower signed
ProCon Wind Energy enters into a Joint Venture Partnership Agreement with CPower Energy.To overcome any potential challenges and exploit opportunities in relation to Brexit, which officially is happening today, ProCon Wind Energy is happy to announce that we have partnered-up with UK based CPower Energy.The joint venture will enable the…
5 February 2020
Fugro Divests Its Interest In Global Marine
Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2), announcing the sale of Global Marine Group (GMG). Through its ownership of 23.6% in GMG, Fugro will monetise the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to…
5 February 2020
HC2 Holdings Announces Definitive Agreement to Sell Global Marine Group, Excluding the HMN Joint Venture, for $250 Million
HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced that a subsidiary of Global Marine Holdings, LLC, in which HC2 holds an approximate 73% equity interest, has entered into a definitive agreement to sell 100% of Global Marine Group (“GMG”) to an investment affiliate of…
5 February 2020
Myklebust Verft has signed its fourth well boat contract with Sølvtrans Rederi in Ålesund.
The vessel is based on Kongsberg NVC 389 and is of the same design that Sølvtrans's all-owner ship has under construction at Myklebust. The load capacity is 4000 m³. This hull will also be built at the Turkish shipyard Hat-San. Delivery of what will be building no. 76 from Myklebust…
5 February 2020
UK oil and gas industry outlines transition plans
The leading representative body for the UK’s offshore oil and gas industry outlined the details of its response to UK and Scottish Government net zero commitments in a keynote speech delivered by OGUK Chief Executive Deirdre Michie OBE.Speaking to an audience of politicians, policymakers and campaign groups in Edinburgh.More
5 February 2020
Ithaca Energy Limited 2020 Operations Update
Ithaca Energy Limited (IAECN: ISINs US46567TAA25 / USG49774AA35) (“Ithaca” or the “Company”) is pleased to provide the following operations update ahead of issuance of the 2019 financial results on 31 March 2020.Ithaca’s 2020 strategic focus is centred on execution of the post-acquisition business transformation programme, building out the long term…
31 January 2020
Windpark Fryslan Contract
Van Oord Offshore Wind B.V. has awarded Vos Prodect Innovations with a contract to deliver cable hang-off systems for Windpark Fryslân.As a part of the agreement, VPI is in charge of developing a custom made cable hang-off system, which is to be qualified with mechanical tests. At VPI, we constantly…
31 January 2020
Banque des Territoires takes a 50% stake in a portfolio of Solar and Wind Power Assets of Total in France
Total, through Total Quadran - its renewable electricity production subsidiary in France, and Banque des Territoires have signed an agreement upon which Banque des Territoires takes a 50% equity stake in Total Quadran’s portfolio of solar and wind energy assets in France of a total capacity of 143 MW. This…
31 January 2020
Deal between Prosafe and Floatel raises competition concerns
Both companies supply semi-submersible offshore accommodation support vessels (semi-submersible ASVs) to oil and gas companies. These are used to provide accommodation space for employees working offshore and are a key facility for some types of work in the North Sea; for example, where the water is deep or where weather…
31 January 2020
Chrysaor decommissioning plan for Jupiter fields in North Sea
Chrysaor has submitted in decommissioning plans for the Jupiter series of gas fields in the UK North Sea.Chryasor is applying to the Offshore Petroleum Regulator for Environment and Decommissioning(OPRED) to obtain approval for decommissioning of the following installations: Jupiter installations: Europa EZ, Ganymede ZD and Ganymede template and Subsea installations:…
31 January 2020
MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Marlim Field of Brazilian Offshore Oil Field
MODEC, Inc. ("MODEC," head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. ("Mitsui," head office: Chiyoda-ku, Tokyo; President & CEO: Tatsuo Yasunaga), Mitsui O.S.K. Lines, Ltd. ("MOL," head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) and Marubeni Corporation ("Marubeni," head office: Chuo-ku, Tokyo; President &…
31 January 2020
Group R signs a contract for marine drilling and logistics with Hokchi Energy
On January 27, 2020 the Cantarell III self-elevating drilling rig arrived in Mexico.Grupo R signed a marine and logistics drilling contract with the company Hokchi Energy, S.A. de C.V. The Cantarell III platform will drill the wells of the Hokchi field development campaign located off the coast of the State…
31 January 2020
Atlantic Petroleum – Delisting Oslo Børs
P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announces that a request for delisting from the secondary listing on Oslo Børs has been sent.Delisting Oslo BørsIn accordance with the decision of the EGM held on 7th February 2018, the Board of Directors have requested that…
31 January 2020
PBS Consortium Awarded Contract To Deliver General Maintenance & Operations Support Services To Total E&P UK Assets
UK oil and gas production company Total Exploration and Production UK (TEPUK), has awarded a General Maintenance and Operations Support Contract (GMOC) to PBS, a recently formed Aberdeen-based consortium. The contract is effective from Q2 2020.Ponticelli, Brand and Semco joined forces in 2019 to establish PBS, an integrated services consortium…
30 January 2020
Van Oord starts cooperation on Estonian offshore wind development
Van Oord and Saare Wind Energy have agreed to combine their forces and mutually develop the Saaremaa offshore wind farm. Saare Wind Energy is an Estonian developer involved in developing the offshore wind farm, covering 154 square kilometres, south-west of the Estonian island Saaremaa.Development Estonian offshore windSaare Wind Energy started…
30 January 2020
Energean Oil & Gas plc Trading Statement & Operational Update ("Energean" or the "Company")
Energean Oil and Gas plc is pleased to provide an update on recent operations and the Group's trading performance in 2019 together with guidance for 2020. This information is unaudited and subject to further review.Mathios Rigas, Chief Executive,Energean commented:"Karish and Tanin is on track to deliver first gas in 1H…
30 January 2020
Zenith Energy Ltd. ("Zenith" or the "Company") Establishment of Norwegian Subsidiary
Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to announce the establishment of its fully owned Norwegian subsidiary, Zenith Energy AS ("Zenith Norway").As announced on December 9, 2019, Zenith intends to use Zenith Norway as a…
30 January 2020
Oceaneering and Aquaterra Energy Ink Decommissioning Collaboration
Aquaterra Energy, a leader in global offshore engineering solutions, has signed a Memorandum of Understanding (MoU) with Oceaneering International Services Ltd. (Oceaneering), to offer complete decommissioning and late life solution packages to the North Sea oil and gas industry.Under the MoU, the companies will offer tooling and services in four…
30 January 2020
Serica Energy plc (“Serica” or the “Company”) : Bruce Platform
Serica Energy plc (AIM: SQZ) provides an update on Bruce platform operations. During a Bruce platform inspection, the condition of an unused seawater return caisson on the platform was observed to have deteriorated. This caisson had been taken out of service in 2009. Production through the Bruce facility was halted…
30 January 2020
Equinor awarding contracts in Brazil
Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil entered into Front End Engineering and Design (FEED) contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil. Contractors have been selected for both the SURF (Subsea, Umbilical, Risers and Flowlines) and…
29 January 2020
Funding success for 7 UK Companies in offshore wind supply chain improvement projects
Offshore Wind Growth Partnership announces winners of first funding competitionSeven UK companies from industries including oil and gas, manufacturing and robotics are celebrating after securing £364,000 in grant funding from the Offshore Wind Growth Partnership’s (OWGP) first funding calls to industry.Cedeco, Global Energy Group, Magnomatics and W3G Marine were successful…
29 January 2020
Solstad : Contract offshore New Zealand
Solstad Offshore ASA (“Solstad”) has entered into a contract with OMV Taranaki Ltd for the provision of a Platform Supply Vessel (PSV) to support their upcoming Crestal infield drilling campaign at the Maui A Platform offshore New Zealand.The PSV Normand Tortuga will commence the contract in Taranaki by mid-March for…
29 January 2020
Halliburton Wins Drilling and Completion Services Contracts for INPEX-operated Ichthys Project Field Development
Halliburton Company (NYSE: HAL) announced it has been awarded seven contracts for drilling and completion services for the next phase of field development of the INPEX-operated Ichthys Project in the Browse Basin offshore northern Australia. The well development campaign is due to start in March 2020 and will continue for…
29 January 2020
TGS to Offer New Seismic to Support Senegal’s Launch of 1st Offshore License Round
The National Oil Company of Senegal, PETROSEN, today officially launched the country’s first ever offshore licensing round at the MSGBC Basin Summit & Exhibition in Dakar, Senegal. The licensing round comprises twelve blocks on offer in the MSGBC Basin, offshore Senegal. Companies will be able to submit bids over the…
29 January 2020
Hess Announces 2020 E&P Capital and Exploratory Budget
Planned Expenditures in Line with Previous Guidance; Majority Allocated to High Return Investment Opportunities in Guyana and the BakkenHess today announced a 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken.Net…
29 January 2020
Neptune Energy Aims To Find Hydrocarbons 70% Faster With Digital Subsurface
Neptune Energy today announced plans for a digital subsurface programme with the aim of discovering hydrocarbons 70 per cent faster, reduce exploration costs and bring discoveries into production up to three years earlier than current industry standards permit.The ambitious programme was unveiled today at DigEx 2020 in Oslo, Norway, where…
29 January 2020
Fugro Awarded Technical Contract For Krisenergy's Cambodia's Aspara Field
The Apsara field lies over the Khmer Basin, an unproduced geological basin in Cambodian maritime waters in the Gulf of Thailand.Fugro will carry out a geotechnical investigation to support the design and installation phases of the Apsara Mini Phase 1A development. The work will be performed using their dedicated drill…
28 January 2020
First billion cubic meters of gas supplied via TurkStream
Gazprom supplied its first billion cubic meters of gas via the TurkStream gas pipeline.Of that amount, about 54 per cent went to the Turkish gas market and some 46 per cent was delivered to the Turkey-Bulgaria border.
28 January 2020
Prospective Resources Report for Deep Water Targets in Leviathan Leases
Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces: Further to what was stated in section 1.7.6(J)(5) of the Company's Periodic Report as of December 31, 2018 that was published on March 30, 2019 (ref. no. 2019-01-029344) (“the Periodic Report”) and to what was stated in section 1.7.5(J)(5) of…
28 January 2020
Damen OSV 9020 Answers Calls For Versatlity In Offshore Support
Following calls for great vessel versatility offshore Damen has developed a new concept vessel – the Offshore Support Vessel (OSV) 9020. The vessel features a stable platform with lots of accommodation, good station-keeping capability, low carbon emissions and lots of flexibility to add mission-specific tools.“We were approached by several different…
28 January 2020
VOS Prelude continues to support Eni operations
Vroon Offshore Services is pleased to confirm the recent charter of platform-support vessel (PSV) VOS Prelude to Eni UK Limited. Operating out of the port of Great Yarmouth, the vessel will support a substantial plug and abandonment/decommissioning campaign in the southern sector of the North Sea. The VOS Prelude is…
28 January 2020
SeaBird Exploration: Update on contract schedule
Reference is made to the notice dated 11 November 2019. SeaBird have now received a letter of award for provision of source services for two OBN surveys to be carried out in West Africa, with an expected total duration of about 80 days. The first survey is expected to start…
28 January 2020
Shearwater GeoServices secures back-to-back work with 3D survey for Reliance in India
Shearwater GeoServices Holding AS (“Shearwater”) has been awarded a 3D broadband marine seismic acquisition contract by Reliance Industries Ltd (“Reliance”) in the Bay of Bengal, India. The project is scheduled to commence in Q2 2020.The survey covers 1,500 sq. km of block KG-UDWHP-2018/1 in the Krishna-Godavari basin and will be…
28 January 2020
Peru Drilling Update No 3: Marina‐1 well drilling commenced
Karoon Energy Ltd (“Karoon”) has announced the Stena Forth Drillship has commenced the drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes Basin, Peru. The wholly owned, Karoon subsidiary, KEI (Peru Z‐38) Sucursal del Peru is the operator and has a 40% net interest in Block Z‐38. The…
28 January 2020
ExxonMobil Ups Guyana Recoverable Resources to More Than 8 Billion Oil-Equivalent Barrels, Makes Discovery at Uaru
ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block.The new recoverable resource estimate includes 15 discoveries offshore…
27 January 2020
RPS And The Star Of The South : Partners In Sustainability
As feasibility work on the Star of the South–Australia’s first proposed offshore wind project–ramps up, RPS has been appointed to undertake environmental studies for marine life and birds and support the project’s offshore planning approvals.Now in the detailed assessment and feasibility phase, the Star of the South is an offshore…
27 January 2020
Accurate Gulf Pipeline Inspection - The CCC Solution
CCC Underwater Engineering is preparing to resume the second phase of a 2,000 kilometre pipeline survey in the Arabian Gulf, totalling 316 pipelines.They are inspecting the final 102 pipelines using their Saab Seaeye Leopard underwater robot, which CCC says is the best vehicle for the task.Their objective is to achieve…
27 January 2020
Bristow and Era to Merge, Forming a Larger, More Diverse and Financially Stronger Global Leader
Bristow Group Inc. (“Bristow”) and Era Group Inc. (NYSE:ERA) (“Era”) announced today that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification.The combined company, which will be named Bristow, will strengthen its global leadership…
27 January 2020
Pacific Osprey’s new upgraded crane boom is on its way to Denmark for installation
Swire Blue Ocean (SBO) has contracted Blue Water Shipping to transport Pacific Osprey’s new crane boom from NOV’s manufacturing yard to Denmark aboard SAL’s M/V Wiebke. The boom was successfully loaded onto the vessel on 21 January and left the yard on 22 January. It is expected to reach Denmark…
27 January 2020
Doris Awarded Contract By BHP For The Engineering of Trion Surf And Export Package
BHP Petroleum (via its subsidiary BHP Billiton Petróleo Operaciones de Mexico, S. De R. L. De C.V.) has contracted DORIS Inc. for the execution of Engineer Services for the SURF and Export Pipeline scopes of work of the Trion Project located in the Mexican Sector of the Gulf of Mexico.…
27 January 2020
Lundin Petroleum's Launch of the Decarbonisation Strategy targeting carbon neutrality by 2030 and proposed name change to Lundin Energy AB
Lundin Petroleum AB (Lundin Petroleum) has announced the launch of its Decarbonisation Strategy, which targets carbon neutrality by 2030. In relation to this, and to better reflect the business today and the clear actions and targets towards a lower carbon future, the Board is proposing to change the name of…