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24 Jul 24
Cote d'Ivoire: FPSO Petrojarl Kong and FSO Yamoussoukro ready to leave for Cote d'Ivoire for phase 2 of Baleine project
Eni has announced that the naming ceremony of the Floating Production, Storage and Offloading Unit (FPSO) Petrojarl Kong and the Floating Storage and Offloading Unit (FSO) Yamoussoukro was held today in Dubai. The two vessels will significantly increase production from the Baleine field, located offshore Côte d'Ivoire, the largest discovery ever made in the country.
24 Jul 24
UK: VPI awards Worley an agreement for Humber Zero Carbon Capture project
VPI, a leading power company in the UK and Ireland, has awarded Worley an engineering services agreement (ESA) to support the Humber Zero Carbon Capture project. The project is anticipated to be one of the world’s largest carbon capture projects for a combined heat and power plant and is an important milestone for the UK’s transition to a net zero future.
24 Jul 24
Proserv completes sponsor-backed MBO and announces employee ownership scheme
Aberdeen/UK-headquartered Proserv has successfully completed a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company’s 60-year history.
24 Jul 24
Brazil: Archer secures contract worth USD 40 million in Brazil
Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The estimated firm contract value is USD 40 million.
24 Jul 24
Australia: Koorangie Energy Storage Facility hits major milestone
The Allan Labor Government’s $480 million investment into Victoria’s energy grid has reached another milestone with the delivery of 100 Tesla Megapacks to the Koorangie Energy Storage System. The battery system will help accelerate the transition to renewables and help lower power bills.
24 Jul 24
Equatorial Guinea: GEPetrol assumes operatorship of Block B, targets multi-phase development at Zafiro
Equatorial Guinea’s national oil company GEPetrol has outlined a multi-phase development plan for the Zafiro field, located in Block B. The company will work towards increasing the flow of production at the field, leveraging its newfound position as operator of the block to bolster production and support economic growth.
24 Jul 24
US: TGS completes U.S. East Coast’s largest simultaneous wind and metocean program ahead of Central Atlantic Lease Auction
TGS has completed a pioneering mega-regional wind and metocean data collection campaign along the U.S. East Coast - the largest of its kind in the region. This campaign involved deploying and simultaneously operating five offshore LiDAR buoys covering nearly 600 kilometers from Massachusetts to the Virginia/North Carolina border.
24 Jul 24
SLB to accelerate co-development of AI-driven digital platform for Aker BP
SLB and Aker BP have agreed a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate innovation and deliver substantial efficiency improvements across the company’s E&P operations.
24 Jul 24
Integrated Power in Germany: TotalEnergies launches new 100 MW / 200 MWh battery storage development
TotalEnergies has taken the final investment decision for a 100 MW /200 MWh battery storage project in Dahlem, North Rhine-Westphalia. This is the first project sanctioned by TotalEnergies from the pipeline of Kyon Energy, Germany’s leading battery storage system developer, which was recently acquired by TotalEnergies in February 2024.
24 Jul 24
Namibia: 88 Energy completes 2D seismic acquisition program for PEL 93, Owambo Basin, Namibia
88 Energy has announced that the 2D seismic data acquisition program for PEL 93 over the Owambo Basin, Namibia, has been completed on time and within budget.
24 Jul 24
Equinor announces second quarter 2024 results
Equinor delivered adjusted operating income of USD 7.48 billion and USD 2.15 billion after tax in the second quarter of 2024. Equinor reported net operating income of USD 7.66 billion and net income at USD 1.87 billion. Adjusted net income was USD 2.42 billion, leading to adjusted earnings per share of USD 0.84.
23 Jul 24
Brazil: TechnipFMC awarded substantial flexible pipe contract by Petrobras
TechnipFMC has been awarded a substantial contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender.
23 Jul 24
Petrosys acquires Talus Technologies
Petrosys, a Carina Software company and division of Vela Software and Canadian public company Constellation Software, Inc., has announced the acquisition of Talus Technologies Inc., provider of leading seismic data management solution, Exploration Archives.
23 Jul 24
STRYDE secures multiple seismic processing contracts for energy and industrial sectors
STRYDE is celebrating multiple contract wins for its seismic data processing solutions. The onshore seismic data experts have secured a total of 11 new contracts since July 2023, delivering subsurface insights to companies in the geothermal, CCUS, oil and gas, mining, and water exploration sectors, in record time.
23 Jul 24
UK: Perenco completes velocity string campaign at West Sole gas field
Perenco UK has successfully completed a campaign of velocity string installations on five wells at the West Sole Charlie platform in the Southern North Sea, situated 70 km east of Perenco’s Dimlington terminal on the Yorkshire Coast. Improved production rates are now being seen in each of these wells, which have been running with 100% uptime, rather than requiring cycling.
23 Jul 24
Poland: Lightsource bp’s first solar project in Poland reaches Commercial Operation
Lightsource bp marks a milestone in Poland with the 40MW Kotun project reaching Commercial Operation. The Kotun solar project reaching Commercial Operation marks the start of a long-term Power Purchase Agreement between Microsoft and Lightsource bp inked in September last year for the 40MWac solar project.
23 Jul 24
UK: Offshore Energies UK response to National Audit Office’s carbon capture usage and storage report
Leading trade body Offshore Energies UK comments on the National Audit Office’s latest Carbon Capture, Use and Storage (CCUS) report. As shown by work just commissioned by OEUK from independent consultants AFRY, carbon capture will play a key role in decarbonising the power sector by providing low carbon power that will complement a renewables-based electricity system.
23 Jul 24
China: CNOOC Ltd achieves high yield well in Beibu Gulf
CNOOC Limited has announced that it has achieved a high yield well, WS16-5-4, in the Beibu Gulf, which produces daily over 1,000 cubic meters of oil equivalent.
23 Jul 24
Brazil: Valaris DS-17 to drill for the Raia project in Brazil
Equinor has, on behalf of its partners in the Raia project – Repsol Sinopec Brasil and Petrobras - awarded Valaris a drilling contract for operations in Brazil. The objective is to drill six wells leading up to production starting in 2028. The overall contract value is estimated at USD 498 million.
23 Jul 24
US: Vestas secures 136 MW repowering order in the USA
Vestas has received a 136 MW order to repower an undisclosed wind project in the USA. The order consists of 62 V120-2.2 MW wind turbines.
23 Jul 24
Woodside announces second quarter report for period ended 30 June 2024
Woodside has announced its second quarter report for period ended 30 June 2024. Woodside CEO Meg O'Neill said the company is on track to achieve its full year production guidance of 185-195 million barrels of oil equivalent (MMboe), with output for the second quarter of 44.4 MMboe.
23 Jul 24
Eni signs exclusivity agreement with KKR for the potential sale of a minority stake in Enilive
Eni has signed a temporary exclusivity agreement with KKR, a leading global investment firm, aimed at progressing the due diligence phase and completing the drafting of the documents related to the sale of a 20% to 25% stake in Enilive, based on a valuation of the company between 11.5 billion and 12.5 billion euros.
23 Jul 24
Norway's oil production in June is higher than the Norwegian Offshore Directorate’s forecast
Preliminary production figures for June 2024 show an average daily production of 1,982,000 barrels of oil, NGL and condensate. Oil production in June is 0.5 percent more than the NOD’s forecast and 2.4 percent more than the forecast so far this year.
23 Jul 24
UK: Deltic Energy announces mobilisation of the Valaris 123 rig to the Selene well location
Deltic Energy has announced that the Valaris 123 drilling unit has been mobilised and is on route to the Selene well location. The well is designed to collect all key information in relation to reservoir quality and gas composition that is required to support, assuming a successful drilling outcome, a field development plan and final investment decision on the potential development of the Selene gas field.
23 Jul 24
Israel: Energean takes Final Investment Decision for the Katlan development project offshore Israel
Energean has taken Final Investment Decision ('FID') for the Katlan development project offshore Israel. The Katlan area will be developed in a phased approach through a subsea tieback to the existing Energean Power FPSO. First gas is planned for H1 2027.
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