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$380MM Brazil Drilling Contract Goes to Seadrill

$380MM Brazil Drilling Contract Goes to Seadrill   Equinor Brasil Energia Ltda has awarded Seadrill Limited a four-year firm contract for the West Saturn drillship for work on the Bacalhau field in Brazil, Seadrill reported Tuesday. Seadrill estimates the firm portion of the contract, which includes four one-year options, at approximately $380 million. The drilling contractor noted...

New Product Represents Step-Change for Floating Wind

New Product Represents Step-Change for Floating Wind   A leading North East-based concept design and product development company is leading the charge in creating integrated solutions which can accelerate the deployment of floating offshore wind. SBT Energy’s portfolio of low-cost offshore innovations aim to not only drive down capital investment costs but also foster an associated multiplier effect by building part of the new infrastructure which is needed to operate in the...

ExxonMobil’s New Oil Discovery at Uaru-2 Offshore Guyana

ExxonMobil’s New Oil Discovery at Uaru-2 Offshore Guyana   ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 feet (36.7 meters) of high-quality oil-bearing reservoirs including newly identified intervals...

Fugro wins deepwater site investigation contract for Equinor in eastern Canada

Fugro wins deepwater site investigation contract for Equinor in eastern Canada   Equinor has selected Fugro to perform a deepwater site investigation in Canada’s Flemish Pass, 500 km off the coast of St John’s, Newfoundland and Labrador, in water depths of approximately 1200 m. Fugro’s field campaign will run from July until August and entails a seabed survey, an environmental survey and a soils investigation, with client deliverables scheduled for September. Havi...

OPEX Group strengthens team to support emissions reduction solutions

OPEX Group strengthens team to support emissions reduction solutions   AI solutions provider, OPEX Group, has made three senior appointments to bolster the firm’s continued investment in emissions reduction solutions. With Net Zero enshrined in UK law, the imperative to reduce operational emissions has never been more urgent. Following OPEX’s release of emissions.AI, a cloud-based AI-driven software application for the oil, gas and energy industry, the firm has hired A...

Oil rises on optimistic demand outlook; uncertainties remain

Oil rises on optimistic demand outlook; uncertainties remain   Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID-19 infections in India and a bigger-than-expected build in U.S. crude stocks capped gains. Brent crude futures rose 28 cents, or 0.42%, to $66.70 a barrel at 0646 GMT, following a 1.2% gain from Tuesday. U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.46%, to $62.23 a barrel, aft...

World’s most powerful tidal turbine, the O2, arrives in Orkney Waters

World’s most powerful tidal turbine, the O2, arrives in Orkney Waters   Orbital Marine Power’s, O2, the world’s most powerful tidal turbine, arrived in Orkney Waters on Saturday, 24th April, following launch from the Port of Dundee on Thursday 22nd April. The turbine was towed to Orkney by Leask Marine’s new multicat vessel, the C-Force, in a voyage that took two days. The turbine will be temporarily moored at Deer Sound while final commissioning is compl...

Hydro Energy Group Expands Uk Team With New Divisional Manager

Hydro Energy Group Expands Uk Team With New Divisional Manager   Energy recruitment specialist Hydro Energy Group has expanded its UK team by hiring a new divisional manager with a ‘passion’ for the energy sector that runs in her family. Nicole Shellard, 44, from Wiltshire, will primarily focus on placing suitable candidates in offshore ROV (remotely operated vehicles) and trenching roles for the company’s international clients. Hydro Energy Group is one of the...

TechnipFMC gets go-ahead for Santos’ Barossa subsea works

TechnipFMC gets go-ahead for Santos’ Barossa subsea works   TechnipFMC has received a notice to proceed with the subsea production system contract from the Australian energy giant Santos for the Barossa gas field project. The contract scope covers the supply of subsea trees and associated control systems, manifolds and wellheads, as well as installation and commissioning support, which will help to extend the life of the existing Darwin LNG facility. The Barossa gas field...

Westwood: Offshore wind FIDs to skyrocket 57% outside China by 2022

Westwood: Offshore wind FIDs to skyrocket 57% outside China by 2022   New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals offshore wind energy projects final investment decisions (FIDs), outside mainland China, will grow 57% in the next 18 months, compared to the 2019-20 period. The growth represents an additional 20.4GW of new power capacity with just under a third of this activity being driven by emerging off...

Oil up on hopes OPEC+ may address the Indian demand destruction -Rystad Energy comments

Oil up on hopes OPEC+ may address the Indian demand destruction - Rystad Energy comments   Oil prices are ticking up today on trader hopes that OPEC+ may address India’s demand destruction with supply policy amendments in its coming meeting. Here is Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen: News from India set off a loud alarm on trader floors this week and oil prices have taken a hit on expectations that oil demand will cra...

EnQuest buys North Sea oil field for just $2m upfront

EnQuest buys North Sea oil field for just $2m upfront   EnQuest has signed a share purchase agreement (SPA) with Whalsay Energy Holdings to purchase its entire equity interest in the P1078 licence containing the proven Bentley heavy-oil discovery. This discovery is within around 15 kilometres of the oil and gas production group's existing Kraken and Bressay operated interests in the North Sea, offering further long-term potential development opportunities. The Bentley oil fi...

BP kicks off gas production from $9bn Egypt project

BP kicks off gas production from $9bn Egypt project   BP has announced gas production from Raven field, the third stage of its $9 billion West Nile Delta (WND) development off the Mediterranean coast in Egypt. The WND development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea. BP and its partners, working with the Ministry of Petroleum, have developed the WND in three stages. Raven follows...

"Marine & Shipping" - OGV Energy Community Online Event - April 2021

Marine & Shipping OGV Energy welcomes you to our OGV Community event for April, where we will be looking at the factors affecting the global marine and shipping industry and the various options available to help it de-carbonise in the future. What fuels should the shipping sector explore? How is artificial intelligence and new technology re-shaping fuel consumption and navigation and how do we ensure vital skills are kept in the industry and passed on to future generations? It is...

Lundin Energy sells world’s first carbon neutrally produced oil

Lundin Energy sells world’s first carbon neutrally produced oil   Oil and gas company, Lundin Energy, has announced that it has sold the world’s first certified carbon neutrally produced oil to Saras from its Edvard Grieg field, offshore Norway. Lundin Energy’s Edvard Grieg field is the first oil field in the world to be independently certified by Intertek Group under its CarbonClearTM certification. The field is certified as low carbon at 3.8 kg of CO2 per barrel...

Archer to acquire DeepWell

Archer to acquire DeepWell   Archer Ltd. has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell AS. The contemplated transaction is subject to due diligence, negotiation of the transaction documentation, closing conditions and regulatory approvals. DeepWell is a Norwegian well intervention company focused on mechanical wireline and cased hole logging services. Headquartered in Avaldsnes, Norway, DeepWell had approximately 200...

Revised start-up date for Hammerfest LNG

Revised start-up date for Hammerfest LNG   Based on extensive analyses and mapping of damages, Equinor has updated the schedule for repair and start-up of the LNG plant on Melkøya after the fire on 28 September 2020. Due to the comprehensive scope of work and Covid-19 restrictions, the revised estimated start-up date is set to 31 March 2022. Even though the fire in September 2020 was limited to the air intake of one of the plant’s five big gas turbines, the fire and fi...

Eni Starts Gas Production from Merakes Project Deep Offshore

Eni Starts Gas Production from Merakes Project Deep Offshore   Eni has started gas production from the Merakes Project, located in the East Sepinggan block in the Makassar Strait, deep offshore East Kalimantan, Indonesia. The Project is a deep-water gas field development at offshore Kutei Basin, with approximately 1,500 meters water depth. The five deep-water subsea wells will guarantee a production capacity of 450 million standard cubic feet per day (MMSCFD), equivalent to 85,000...

‘Landmark’ year for Dublin based oil and gas explorer

‘Landmark’ year for Dublin based oil and gas explorer   United Oil and Gas said on Monday that 2020 was a “landmark” year for the the Dublin based oil and gas explorer, as it became a “full cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets”. The London listed oil and gas company reported revenues of $9.1 million in the year to December 31st 2020 (it reported no revenues in 2019), and pre-tax p...

Serica Energy becomes AFBE-UK Scotland’s latest partner

Serica Energy becomes AFBE-UK Scotland’s latest partner   AFBE-UK Scotland, a not-for-profit organisation that encourages diversity in the engineering and energy sectors, has announced a new partnership with Serica Energy. Aberdeen-based AFBE-UK Scotland supports all young people, particularly those from black and minority ethnic (BME) backgrounds, with career aspirations in science, technology, engineering and mathematics (STEM).   Serica Energy is the latest company...
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