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17 January 2020
Equinor – consent for exploration drilling in the North Sea
The Petroleum Safety Authority Norway has given Equinor Energy (Equinor) consent for exploration drilling in block 30/2 in the North Sea.Equinor is the operator for production licence 878. We have now given the company consent to drill pilot hole 30/2-U-1 using the West Hercules semi-submersible drilling facility.30/2-U-1 is located north-west…
16 January 2020
A New Offshore Investment Cycle Is In The Making
2019 was a another strong year for offshore exploration and production companies. This was because free cash flo was strong and the industry is entering a new offshore investment cycle. This trend was perhaps best illustrated by the rising offshore project approval activity by operators in 2019. Globally, the amount…
16 January 2020
Petrofac appointed for Seagreen wind farm substations
Petrofac has entered into a Preferred Supplier Agreement with SSE Renewables to design, supply and install the HVAC onshore and offshore substations for the Seagreen wind farm project. The wind farm will be located 27 kilometres off the coast of Angus and once constructed will be the largest in Scotland.…
16 January 2020
OGA Chairman challenges the sector to respond to the energy transition challenge
The Chairman of the Oil and Gas Authority (OGA) said that the oil and gas industry's ‘social licence to operate’ is under serious threat and there is no scope of a second chance, adding that it must do more to help solve the challenges of climate change and the drive…
16 January 2020
JERA and Shimizu Conclude an MOU Concerning Collaboration in the Offshore Wind Power Generation Business
JERA Co., Inc. (“JERA”) and Shimizu Corporation (“Shimizu”) have entered into a Memorandum of Understanding (“MOU”) concerning collaboration in the offshore wind power generation business. The MOU provides that JERA and Shimizu will explore ways to utilize their respective know-how and resources in the offshore wind power generation business to…
16 January 2020
Equinor – Consent for use of Island Wellserver in 2020
The Petroleum Saftey Authority Norway has given Equinor Energy (Equinor) consent to use the Island Wellserver well intervention facility in 2020.The consent applies to the use of Island Wellserver for light well intervention on fields in the North Sea, Norwegian Sea and Barents Sea.The Island Wellserver well intervention facility is…
16 January 2020
Havila Shipping ASA: Contract for the AHTS vessel Havila Jupiter
Havila Shipping has secured contract work for Havila Jupiter in the North Sea.The commencement is expected to be early March and for a firm period of 70 days with optional periods of up to 35 days.
16 January 2020
Keppel delivers first rig of 2020
Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), made its first rig delivery in 2020 safely, on time and within budget. Named Heimdal, the jackup rig is built to Keppel’s proprietary KFELS B Class design and is the fifth of eleven…
16 January 2020
First Shafag-Asiman exploration well spudded offshore Azerbaijan
BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 January. BP is operator and holds a 50% interest in the Shafag-Asiman production sharing agreement (PSA) with partner SOCAR holding a 50% interest. The SAX01…
15 January 2020
Vattenfall and Swire Blue Ocean sign final contract for transportation and installation of turbines in the Hollandse Kust Zuid wind farm
Vattenfall has contracted Swire Blue Ocean for the installation of turbines at the Hollandse Kust Zuid wind farm. Using its flagship Pacific Osprey wind farm installation vessel, Swire Blue Ocean will transport the various components of the approximately 140 turbines from the preassembly site on the Dutch coast to the…
15 January 2020
NKT signs service contract with EirGrid on the East West Interconnector connecting Ireland and Great Britain
The Irish power grid operator EirGrid has awarded NKT a service contract for the interconnector connecting Ireland and Great Britain supporting the transition to renewable energy. NKT has been awarded a five-year service agreement by the Irish power grid operator EirGrid for cable related services including repair works for the…
15 January 2020
Searcher announces completion of Gulf of Papua Prospectivity Study
Searcher Seismic is pleased to announce the expansion of its modern offshore data library with the completion of the Gulf of Papua Prospectivity Study in Papua New Guinea.The Gulf of Papua is a vast area comprising over 187,000 km2. With only 27 wildcat exploration wells drilled to date in shallow…
15 January 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.As noted in previous…
15 January 2020
Havila Shipping ASA: Contract for PSV Havila Crusader in UK
Havila Shipping has entered into contract with major UK oil company for the PSV Havila Crusader.The contract is for two wells estimated to a period of one year, with options for seven wells estimated to above two years.The commencement expected to within one week.
15 January 2020
Aker Solutions Involved in International Brownfield Services Contract Award
Aker Solutions is participating in a joint venture that has been issued a letter of award to provide offshore maintenance and modification services to an undisclosed client.The contract is for a term of five years. The scope of work covers offshore assets which require maintenance and upgrades to maintain production…
15 January 2020
Contract award for electrification of Troll B and Troll C
Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms."This is an important award that supports the industry’s ambition to reduce its greenhouse gas emissions in Norway with 40 percent by 2030 and…
15 January 2020
APA 2019: Licence shares offered to 28 companies
28 companies have been offered ownership interests in a total of 69 production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2019.The authorities assessed applications from a total of 33 companies through autumn 2019.Of the 69 production licences, 13 are in the Barents Sea, 23 are…
14 January 2020
Redelivery Of Vyacheslav Tikhonov Postponed
Polarcus Limited refers to its announcement dated 17 December 2019 regarding the scheduled redelivery of “Vyacheslav Tikhonov” (the “Vessel”).It has been agreed with Sovcomflot (“SCF”) to postpone the redelivery of the Vessel until the completion of work which SCF has been awarded by a third party in Asia. SCF continues…
14 January 2020
Maersk Drilling selected by Total to drill at world record water depth in Angola-Namibia campaign
Based on the Conditional Letter of Award previously announced in connection with Maersk Drilling’s Q3 2019 Trading Statement, Maersk Drilling has been awarded contracts for a three-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total E and P Namibia B.V. for the 7th generation drillship…
14 January 2020
Basis for increased gas transport from the Barents Sea South
Gassco has presented a report on the transport of gas from the southern Barents Sea. The report shows that it could be socio-economically profitable to increase the transport capacity for gas, increasing value creation in the Barents Sea.The study main observations were Increased gas export capacity will facilitate greater value…
14 January 2020
SBM’s first completed Fast4Ward® hull arrives in Singapore
After a journey of 2,300 nautical miles, the Fast4Ward® hull has safely arrived at Keppel yard in Singapore from China. This is SBM Offshore’s first generic hull, the Multi-Purpose Floater (MPF1) in its series of hulls currently under construction. This first, new build hull was completed by Chinese yard SWS…
14 January 2020
Lundin Petroleum announces increased reserves and contingent resources
Lundin Petroleum AB (Lundin Petroleum) has announced that as at 31 December 2019, its proved plus probable net reserves (2P reserves) are 693 million barrels of oil equivalent (MMboe), its proved plus probable plus possible net reserves (3P reserves) are 858 MMboe and its best estimate net contingent resources (contingent…
14 January 2020
Serica Energy plc: Corporate Update
Highlights - Estimated net production from Serica’s interests in Bruce, Keith, Rhum (“BKR”) and Erskine was 30,000 boe/d during 2019. This is around 13% higher than the production from the same assets in 2018 on a like-for-like basis and is towards the higher end of the 2019 guidance - Operating…
14 January 2020
SapuraOMV and partners announce first production from SK408 gas fields
SapuraOMV Upstream has announced first production following the start-up at the end of December from its Larak gas field under the SK408 Production Sharing Contract (PSC), which was delivered within budget. The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014. The…
14 January 2020
Minor oil and gas discovery near the Balder field in the North Sea
ConocoPhillips Skandinavia As, operator of production license 917 has finsished drilling of wildcat well 27/7-8 S. The primary exploration target was to prove petroleum in Lower Jurassic and Upper Triassic reservoir rocks. The secondary target was to prove petroleum in Middle Jurassic reservoir rocks.More
13 January 2020
Ocean Renewable Energy Action Coalition launches to accelerate global offshore wind capacity
An international Ocean Renewable Energy Action Coalition has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful impacts of climate change.Ocean-based renewable energy—such as offshore wind, floating solar, tidal and wave power—could meet nearly 10% of the annual greenhouse gas emissions reductions needed by 2050…
13 January 2020
Alma - Galia Decommissioning plans
EnQuest has submitted decommissioning program for the Alma and Galia Oil fields. The Comopany has submitted decomissioning plans for the Enquest prodcuer, with all this subsea equipment, which includes manifolds and well head protection structure and all the pipelines with the field. Also the Galia installation decommissioning plans have submitted…
13 January 2020
Equinor - Consent to use Transocean Norge
The Petroleum Safety Authority Norway has given Equinor consent to use the Transocean Norge mobile drilling facility. This applies to the drilling and completion of two wells on the Bauge field in license 348. Activities are scheduled to begin in February 2020.More
13 January 2020
BW Offshore : Contract Extension For FPSO Polvo
BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2021 (from Q3 2020), with options until Q3 2022.The contract has been extended multiple times since the original firm contract ended…
13 January 2020
MODEC Awarded FPSO Purchase Contract for Sangomar Field offshore Senegal
MODEC, Inc. has announced that it has signed a contract with Woodside Energy, to supply a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar (formerly SNE) Field Development Phase 1 (Sangomar Field Development) project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, located offshore Senegal.MODEC…
13 January 2020
Exploration in 2020 – The transition is yet to start
While topics like the Energy Transition may have dominated the news agenda the impact on exploration drilling is yet to become apparent. The global high impact well count in 91 wells was up by 36% from 2018. The spending was flat at $3.5 billion, however, the average cost in wells…
13 January 2020
CNOOC Limited Announces its 2020 Business Strategy and Development Plan
CNOOC Limited announced its business strategy and development plan for the year 2020.The Company’s targeted net production for 2020 is 520 million to 530 million barrels of oil equivalent (BOE), of which, production from China and overseas accounts for approximately 64% and 36%, respectively. The Company’s net production for 2019…
13 January 2020
Deep Down Receives Orders for Emergency Repairs to Subsea Oil and Gas Umbilicals
Deep Down, Inc, a specialist in subsea oil and gas production control equipment and services, today announced that it has received orders from two independent oil and gas operators for emergency umbilical repairs. Both projects include design, engineering and the manufacture of associated umbilical accessories.Umbilicals are bundled and extruded assemblies…
10 January 2020
Global Oil and Gas discoveries are at four-year high in 2019, boosted by Exxonmobil's Guyana sucess.
Rystad Energy has estimated that 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015.Last year recorded 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits.Global Conventional DiscoveriesOne of the major success in terms of…
10 January 2020
Atlantique Offshore Energy and its partners, GE Grid Solutions and SDI, launch the construction of the Saint-Nazaire offshore wind farm electrical substation and strengthen their order book with the electrical substations for the offshore wind farms at Fé
The first steel sheet of the electrical substation for the offshore wind farm of Saint-Nazaire was cut at Chantiers de l’Atlantique shipyard in Saint-Nazaire. Ordered in August 2019 by Parc du Banc de Guérande, held jointly by EDF Renouvelables and Enbridge Inc, the substation will leave the shipyard in the…
10 January 2020
Cathie provides geotechnical assistance for NnG wind farm
Cathie, the global offshore geoscience and geotechnical engineering consultancy, was contracted by Saipem to provide interpretation of the geotechnical conditions encountered at the Neart na Gaoithe (NnG) offshore wind farm situated off the Fife coast in the UK.The project has the potential to generate 450MW of renewable energy, enough power…
10 January 2020
TurkStream gas pipeline officially launched in grand ceremony
TurkStream, which is laid in the Black Sea, is a link between the gas transmission systems of Russia and Turkey. The gas pipeline has two strings with a combined throughput capacity of 31.5 billion cubic meters. The first string will deliver gas to Turkey, while the second string is intended…
10 January 2020
The Norwegian Shelf in 2019 – a good year overall
The Norweigan Shelf had a good 2019 overall a record number of fields are producing. Lots of wells and lots of discoveries.This can be seen by the fact 57 exploration wells were spudded in 2019 an increase of 4 more than the previous year. 37 of these were in the…
10 January 2020
SeaBird Exploration: Letter of Award for a 3D survey in Asia
Seabird today announces a Letter Of Award for a 3D survey in Asia. The survey commences at the end of Q1 and is expected to be completed in Q2 this year. The company will use a third party vessel and equipment for this survey as it seeks to optimize its…
10 January 2020
Subsea Integration Alliance awarded contract offshore Senegal
Subsea 7 has announced the award of a very large(1) contract by Woodside(2) to Subsea Integration Alliance(3) for the Sangomar Field Development Phase-1 project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, offshore Senegal. This contract was initially awarded in December 2018 subject to final investment decision,…
10 January 2020
The Sangomar Field Development Phase 1 (Sangomar Development) has been approved by the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture and has entered the execute phase of activities. Woodside, as operator of the RSSD
The Sangomar Field Development Phase 1 (Sangomar Development) has been approved by the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture and has entered the execute phase of activities. Woodside, as operator of the RSSD joint venture, has executed the purchase contract for the floating production storage…
9 January 2020
Contract extension with Fairfield
Solstad Offshore ASA is pleased to announce that Fairfield Betula Limited ("Fairfield") has extended the charters of the PSV’s Far Symphony and Normand Aurora. Both contracts are now firm until the end of December 2020 and will commence in direct continuation of the current contracts. Far Symphony and Normand Aurora…
9 January 2020
Independent Oil and Gas plc : Corporate Update
Independent Oil and Gas thw oil and gas company has announced it's outlook at the start of 2020, during which the primary focus will be progressing the core development project ("Core Project") in the Southern North Sea ("SNS").Key achievements - 2019- Successful farm-out ("Farm-out") of 50% of Core Project to…
9 January 2020
Petrofac to provide integrated services in new US$50m agreement
Petrofac has been selected by Petrogas NEO UK – a jointly owned company created by Petrogas E&P UK, and NEO Energy, a portfolio company of private equity fund HitecVision – to establish its new North Sea operation following its recently announced asset acquisition.In a two-year deal valued in the region…
9 January 2020
Operational Production Costs In The Oil and Gas Industry Have Fallen Globally, Led By the United Kingdom
Operational Production costs in the oil and gas industry have fallen across the world, the UK has emerged as the cost-cutting powerhouse among the global offshore regions. Rystad energy has conducted analysis aimed at mitigating currency effects confirms this trend, after examining regional opex reduction per barrel, measured in local…
9 January 2020
Shearwater completes strategic vessel transaction and long-term marine acquisition service agreement with CGG
Shearwater GeoServices Holding AS (Shearwater) has completed the strategic vessel transaction with CGG, including the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Preparations for the joint creation of a new streamer technology company continues with…
9 January 2020
Shearwater GeoServices starts off 2020 with sevenfold increase in vessel backlog
Shearwater GeoServices Holding AS (Shearwater) has announced a more than sevenfold increase in 2020 backlog to 65 vessel-months at the start of 2020, compared to 9 vessel-months at the same time a year ago.This backlog includes 24 months of the minimum commitment in the recently signed capacity agreement with CGG…
9 January 2020
Equinor are increasing value and extending Statfjord area
Equinor and its partners in the Statfjord area have identified and approved plans to extend production from the field towards 2040. A new business plan will ensure even higher use of resources, extract more value from the field, and allow plans for decommissioning Statfjord A in 2022 to be deferred.Based…
9 January 2020
Sangomar Field Development Exploitation Authorisation
The Government of Senegal has approved the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture Exploitation Plan and granted the Exploitation Authorisation for the Sangomar Field Development.Commencement of the execute phase of the Sangomar Field Development Phase 1 (Sangomar Development) is subject to final execution of the…
8 January 2020
Gigawatt growth in the USA: Siemens Gamesa named preferred supplier for largest U.S. offshore wind power project to date at 2.64 GW
Siemens Gamesa Renewable Energy (SGRE) has been named as the preferred turbine supplier for the massive 2,640-MW Dominion Energy Virginia Offshore Wind project in the USA. This is the largest offshore wind power project in the rapidly increasing U.S. market to date. A long-term service and maintenance agreement is included…