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27 January 2020
Jersey Oil and Gas PLC: Acquisition of Equinor UK Limited's interest in Licence P2170 and Corporate Update
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 that it has entered into a conditional Sale and Purchase Agreement ("SPA") to acquire operatorship of, and an additional 70% working…
24 January 2020
DEME Offshore reaches 2,200 offshore turbine installation milestone
DEME Offshore has reached a remarkable milestone with the installation of turbine number 2,200! The 7 MW turbine was installed at the 714 MW East Anglia ONE offshore wind farm in the UK by our jack-up vessel ‘Sea Installer’.As a pioneer in the industry, DEME Offshore has an unmatched track…
24 January 2020
Verdict in the appeal lawsuit concerning Section 112 of the Constitution
Borgarting Court of Appeal has found in favour of the Norwegian Government that the decision to award production licences in the 23rd licensing round is valid and that petroleum activity in the Barents Sea is not a breach on Section 112 of the Constitution.More
24 January 2020
The world’s first carbon-free ammonia-fuelled supply vessel on the drawing board
Equinor has signed an agreement with Eidesvik Offshore for the modification of the Viking Energy supply vessel, to make it capable of covering long distances fuelled by carbon-free ammonia. The vessel will transport supplies to installations on the Norwegian continental shelf (NCS).Equinor has awarded Eidesvik Offshore a five-year contract with…
24 January 2020
SAExploration Announces $42 Million of New Projects in Offshore West Africa, and Reduction in Debt of $14.5 Million
SAExploration Holdings, Inc. announced two new projects in offshore West Africa. The projects are valued at approximately $42 million in the aggregate and are scheduled to occur primarily during the 2nd quarter of 2020 and last approximately 71 days. Services to be provided will include 3D/4D data acquisition utilizing autonomous…
24 January 2020
Semco Maritime wins rig order for Seadrill
Semco Maritime has been awarded a contract by Seadrill Limited for preparation and modification of the West Bollsta prior to commencing her 10 well contract with Lundin Norway on Norwegian Continental Shelf in Q2 2020. The project will be executed at Semco Maritime’s yard at Hanøytangen outside Bergen starting mid-February…
24 January 2020
Prysmian to provide best-in-class Steel Tube Umbilicals to the Libra Mero Project, first development in Brazil to require steel tubes
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract by Libra, a consortium of prime international oil & gas operators, for Steel Tube Umbilicals to be installed in the Mero offshore oilfield. The Libra Consortium is led by Petrobras – with a…
24 January 2020
Worley awarded FEED contract by TOTAL E&P USA
Worley has been awarded the Front-End Engineering Design contract for TOTAL E&P USA’s North Platte field development in the Gulf of MexicoLocated approximately 275 kilometers off the coast of Louisiana, the North Platte field development includes a semi-submersible floating production unit (FPU) in water over 1,300 meters deep. The project…
24 January 2020
Stork Joint Venture Awarded Engineering Services Contract for Dutch Assets in the North Sea
Fluor Corporation (NYSE: FLR) announced today that Neptune Energy awarded a four-year framework agreement to its Stork Worley Integrated Solutions joint venture for engineering, procurement, construction, installation and commissioning, and decommissioning services for a brownfield modification for Neptune Energy's Dutch assets in the North Sea. Fluor will book its portion…
23 January 2020
Tekmar Energy secures double award for Danish Krieger’s Flak Offshore Wind Farm
Tekmar Energy Limited, a Tekmar Group Company, is delighted to announce contract awards from Global Marine Group and JDR Cables for the supply of TekLink® cable protection systems and cable hang-off assemblies for Danish Krieger’s Flak Offshore Wind Farm (DKF).DKF is a 600 MW wind farm under construction in the…
23 January 2020
First foundation installed at Triton Knoll Offshore Wind Farm
Triton Knoll is delighted to confirm that the first of our 90 wind turbine monopile foundations has been safely and successfully installed, 32km off the Lincolnshire coast.The c.600 tonne steel monopile and its bright yellow transition piece was installed by Seaway7’s ‘Strashnov’ which is contracted to transport and install all…
23 January 2020
The US is the set to experience yet a new energy revolution : Offshore Wind
Rystad Energy has conducted research which has found that installed installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s. This means that capital expenditure in US offshore wind will likely exceed that…
23 January 2020
Chrysaor submits decommissioning plan for Caister offshore platform
Chrysaor has submitted plans for decommissioning of the Caister CM offshore platform in the UK North Sea.The Caister Bunter Field and Caister Carboniferous Field are in the UK Southern North Sea in block 44/23a, license P452.The program will include the removal of the platform and truncated riser sections attached to…
23 January 2020
Europa Oil & Gas (Holdings) plc Ireland Farm-out Update
Europa Oil & Gas (Holdings) plc, the UK and Ireland focused oil and gas exploration, development and production company, provides an update on the farm-out process in respect of the Company’s 100% owned Frontier Exploration Licences (FELs) 4/19, 1/17 and 3/13 (‘the Licences’) offshore Ireland. As announced on 29 October…
23 January 2020
Ocean Installer Awarded Contract With Dana Petroleum
Dana Petroleum has awarded Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea around 190km East of Aberdeen.The award, which is Ocean Installer’s first with Dana, involves the installation and trenching of a 12” Flexible Production Flowline at the Guillemot field.The project…
23 January 2020
EMGS : Update on multi-year acquisition contrac
Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 4 June 2019, wherein the Company informed that it had signed a two-year acquisition contract with PEMEX with a total value of approx. USD 73.3 million and a minimum value of approx.…
23 January 2020
ION signs multi-client agreement for 2D and 3D programs offshore Colombia
ION Geophysical Corporation (NYSE: IO) announced the Company entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency, the ANH, granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia’s Caribbean coast. In February, the ANH announced a series of reforms to encourage investment…
22 January 2020
Tyne and Guinevere gas platforms now removed
During the second week of January 2020, Fred. Olsen Windcarrier’s jack-up vessel Blue Tern, successfully completed the offshore works related to decommissioning of two gas platforms for Perenco UK Limited. The work was done at the Tyne and Guinevere installations in the Southern North Sea.The offshore work commenced in December…
22 January 2020
McDermott International, Inc. Announces Comprehensive Prepackaged Restructuring Transaction to De-Lever Balance Sheet and Immediately Position Company for Long-Term Growth
McDermott International, Inc. (NYSE: MDR) ("McDermott") today announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of debt. The restructuring transaction will be implemented through a…
22 January 2020
Valaris Provides Update on ARO Drilling Joint Venture
Valaris plc (NYSE: VAL) (“Valaris” or the “Company”) announced today that ARO Drilling, its 50/50 joint venture with Saudi Aramco, has ordered two newbuild jackup rigs from International Maritime Industries. Upon delivery, each rig is expected to commence an eight-year contract with Saudi Aramco and operate at a day rate…
22 January 2020
DOF Subsea awarded contracts Australia
DOF Subsea is pleased to announce several contract-awards in the APAC region, securing further vessel and resource utilisation in Q1 and first part of Q2 2020. The contracts, for undisclosed clients in Australia, will see Skandi Singapore commence subsea project operations during Q1 2020 for two major operators in the…
22 January 2020
BW Offshore : BW Energy Completes Second Production Well Of The Tortue Phase 2 Development
BW Energy (the “Company” or “BWE” on OSE ticker: “BWO”) is pleased to announce the successful completion of the second production well of the Tortue Phase 2 development. The DTM-5H well marks the completion of the first of two new well clusters on the Tortue field which will be tied…
22 January 2020
Tulip Oil Quarterly Update
Tulip Oil Holding B.V. (“Tulip Oil” or the “Company”) is pleased to announce the latest quarterly update on its oil and gas exploration and production businesses in the Netherlands and Germany.Q10-A development by Tulip Oil Netherlands Offshore*The Q10-A field produced 258 million standard cubic meters of gas during Q4, compared…
22 January 2020
Fugro Partners With Colombian Martime Authority To Complete Seep Hunting Study
Fugro and the Colombian Maritime Authority (Dirección General Maritima, DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea.The study involved shallow water seabed sediment coring, geochemical analyses, and seabed heat flow measurements. Fugro also provided classroom and vessel-based training…
22 January 2020
Shearwater GeoServices awarded Western Offshore India 3D campaign by ONGC
Shearwater GeoServices Holding AS (“Shearwater”) has been awarded a 3D broadband marine seismic acquisition campaign by ONGC in Western Offshore India. The project is scheduled to commence in Q1 2020.The 4-month survey covers 2,000 sq. km of 3D in a shallow-water area of the Arabian Sea. The contract award follows…
21 January 2020
CfD Round 3 in 2019 delivers record low price for offshore wind
The third round of UK’s Third Contracts for Difference (CfD) auction which took place in September of 2019 has cleared at the record low price of £39.650/MWh for Delivery Year 2023/24 and £41.611/MWh in 2024/25.The Contracts were made up of Six offshore wind, four remote islands wind and two Advanced…
21 January 2020
Hellenic Cables to supply Inter-Array Cables for Mayflower Wind project
Hellenic Cables announced today an agreement with Semco Maritime A/S for the supply of inter-array cables for the Mayflower Wind project, a joint venture of Shell New Energies US LLC and EDPR Offshore North America LLC. The offshore wind project was selected by the Commonwealth of Massachusetts to supply 804…
21 January 2020
Vattenfall and TuuliWatti sign wind power balancing services agreement
Vattenfall and the largest Finnish wind power producer TuuliWatti have signed a five-year energy services agreement that includes TuuliWatti’s total wind power production in Finland.Starting on January 1st, 2020, the agreement entails forecasting, trading and balancing services for TuuliWatti’s total wind power production in Finland. Currently, the company’s wind power…
21 January 2020
International Energy Agency : Oil and gas industry needs to step up climate efforts now
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability.The oil and gas industry now needs…
21 January 2020
Eni and ADNOC sign a Memorandum of Understanding on joint research activities on sustainable energy for the future
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO, and Eni’s Chief Executive Officer, Claudio Descalzi, signed today a Memorandum of Understanding for the joint development of research initiatives aimed at creating advanced technological solutions for the reduction, capture,…
21 January 2020
Polarcus Commences Cygnus Phase 3 Offshore Australia
Polarcus is pleased to announce the commencement of acquisition of the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia. The 1,500 sq km Phase 3 South survey, covering the Skua, Swift and Montara area, completes over 7,200 sq km of continuous XArray™…
21 January 2020
Africa Energy Operational Update
Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company"), an oil and gas company with exploration assets offshore South Africa and Namibia, has provided an operational update on its exploration activities. Garrett Soden, Africa Energy's President and CEO, commented, "We are excited to begin…
21 January 2020
GMS launches Maintenance Services with associated Contract Award
GMS announces the award of a five year contract (firm period, plus options to extend) for maintenance services as an enhanced extension to an existing vessel contract. Mobilisation for the contract, with a Middle East National Oil Company, will be undertaken by a new Maintenance Services Division.During 2019, as GMS…
21 January 2020
Sangomar Field Development FID and US$300M underwritten senior facility
FAR Limited (ASX: FAR) has taken the Final Investment Decision (“FID”) and received final credit approvals for an underwritten US$300 million senior secured reserve-based lending (“RBL”) facility for the Sangomar Field Development offshore Senegal.Final Investment DecisionFollowing approval of the Exploitation Authorisation by the Government of Senegal and signing of the…
20 January 2020
Construction commences for Dogger Bank
Construction on the world’s largest offshore wind farm has taken place this week near the coastal village of Ulrome, East Riding of Yorkshire, England. Dogger Bank Wind Farms, a joint venture between SSE Renewables and Equinor, is made up of three offshore wind farm sites in the North Sea, totalling…
20 January 2020
PSW Group takes over operation of EMAS-spoolbase
This week, PSW Group signed an agreement for operation of the former EMAS spoolbase located in Gulen Industrial Harbor, Western Norway. The agreement covers all activities related to the production and spooling of pipelines for offshore use. The spoolbase will be named "PSW Spoolbase".PSW Spoolbase is a state-of-the-art facility capable…
20 January 2020
Eni starts production at Agogo oilfield, in the angolan offshore
Eni reports the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters. The start-up takes place just nine months after its discovery thanks to the operational synergies facilitated by the Floating Production Storage Offloading (FPSO) Ngoma, West Hub production centre, situated 15km from the…
20 January 2020
Eidesvik Offshore ASA - Awarded Contract for PSV Viking Energy
Eidesvik Offshore ASA has been awarded a 5 year time charter contract for the PSV Viking Energy by Equinor. Which contains the option for extension in favor of Equinor. The new contract will commence in direct continuation of the current contract ending April 2020.
20 January 2020
PGS Update on Lebanon 2nd Offshore Licensing Round
Lebanon’s Ministry of Energy and Water and the Lebanese Petroleum Administration have announced an extension of the application deadline. Companies interested in participating in the licensing round are now invited to submit their applications for Blocks 1, 2, 5, 8 and 10 before the 30th April 2020.Exploration OpportunityLebanon presents a…
20 January 2020
Maersk Drilling awarded two-well contract extension for low-emission rig Maersk Integrator under Aker BP alliance
Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment, low-emission jack-up rig Maersk Integrator. In direct continuation of the rig’s current workscope, Maersk Integrator will move to the Ivar Aasen field offshore Norway to drill two wells, with work expected to commence in October…
20 January 2020
Lamprell PLC : New Contract Award
Further to the Letter of Intent ("LOI") received from the International Maritime Industries ("IMI") on 27 December 2018, Lamprell has announced the formal award for the fabrication and delivery of two jackup drilling units. The two rigs will be built collaboratively between IMI and Lamprell, with Lamprell's share of project…
20 January 2020
TechnipFMC Reaffirms Timeline for Separation Into Two Industry-Leading, Diversified Pure-Play Companies
TechnipFMC has reaffirmed that its planned transaction to separate into two companies, TechnipFMC and Technip Energies, is well on track for completion in the first half of 2020.The Company anticipates completing the transaction in the second quarter of 2020 and intends to host a Capital Markets event in Paris for…
20 January 2020
RockRose Energy PLC : Change of Operatorship of Brae Area
RockRose Energy plc, the independent oil and gas production and infrastructure company, announces, subject to receipt of approval by the Secretary of State, it will be passing operatorship of the Brae Areato TAQA Bratani ("TAQA"). This follows court proceedings brought by TAQA and the other joint venture partners, JX Nippon…
17 January 2020
Fugro Wins Geotechnical Site Investigation Contract Off The Dutch Coast
Following last year’s geotechnical contract for the Hollandse Kust (west) Offshore Wind Farm Zone, Fugro has been awarded a geotechnical site investigation contract for the Ten noorden van de Waddeneilanden Wind Farm Zone (TNWWFZ).The final deliverable for the Netherlands Enterprise Agency (RVO.nl, part of the Ministry of Economic Affairs and…
17 January 2020
Crosby acquires Feubo
The Crosby Group, the global leader in lifting, rigging, and material handling hardware, has completed the acquisition of Feubo, a global leader in offshore mooring components for the oil and gas and wind energy markets. Financial terms of the transaction were not disclosed.The acquisition, effective January 14, 2020, includes the…
17 January 2020
GC Rieber Shipping: New contract, extending charter for crew-boats Polar Baikal and Polar Piltun
GC Rieber has entered into a new 1+1 year contract for Polar Piltun and Polar Baikal with Sakhalin Energy.The crew -boat will be operating in the Sea of Okhotsk, Sakhalin in Russia. The crew -boat are operated by the joint venture ship management company in Russia.Operation will begin in June…
17 January 2020
MDL Marine Services carry out FPSO works
MDL has concluded a complete overhaul of a number of lifting equipment on board a North Sea FPSO, in the facility's 20th year in operation.The Marine Services project, which reinstated a 25-tonne riser pull-in winch and three 200-tonne anchor chain winches, is estimated to have contributed to extending the working…
17 January 2020
DNV GL launches standard reducing risk and improving quality in the design, construction and installation of pipelines using horizontal directional drilling
A new standard for site investigation, engineering, planning and execution of pipeline installation through horizontal directional drilling (HDD), has been published by DNV GLThe new standard, DNVGL-ST-F121, was created through a joint industry project (JIP) and provides a series of minimum requirements and best practice for all phases, from site…
17 January 2020
Terrasond Awarded 7th Consecutive NOAA Contract
TerraSond, an Acteon company, has been awarded a five-year IDIQ contract by the Hydrographic Surveys Division of the National Oceanic and Atmospheric Administration (NOAA)’s National Ocean Service, Office of Coast Survey, to provide hydrographic surveying services in the USA.The new contract was effective January 1, 2020, with a maximum value…
17 January 2020
Commencement Of Natural Gas Exports From The Leviathan Reservoir To Egypt
Delek Group refers to the regulatory filing of its subsidiary Delek Drilling (60% owned) regarding the commencement of the supply of natural gas from the Leviathan reservoir to EgypyFurther to the report of December 31, 2019 regarding the commencement of the flow of natural gas from the Leviathan reservoir, and…