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27 May 24
Wood Group receives further statement re possible offer from Sidara
On 21 May 2024 the Board of Wood received a third unsolicited, preliminary and conditional proposal from Sidara for a cash offer of 220 pence per Wood share. This represents an increase of approx. 3.8% to the previous proposal of 212 pence per Wood share submitted on 14 May 2024. The Board unanimously rejected the Third Proposal.
27 May 24
Vestas to test Sustainable Aviation Fuel
Vestas will pilot Sustainable Aviation Fuel (SAF) at the Baltic Eagle Wind Farm in the Baltic Sea during 2024. The pilot project entails Vestas technicians and jack-up vessel crew using helicopters partly powered by SAF to transport themselves to and from the Baltic Eagle wind farm during the construction phase of 50 offshore wind turbines.
27 May 24
Seatrium secures FPSO newbuild contracts P-84 and P-85 from Petrobras
Seatrium has won an international tender from Petrobras, acting as operator of Atapu and Sepia consortiums, for the newbuild supply of Floating Production Storage and Offloading vessels (FPSO) platforms P-84 and P-85. With the contracts valued at approx. S$11 billion, these high throughput FPSOs will be deployed in the Atapu and Sépia fields, located in the eastern part of the Santos Basin.
27 May 24
Norway: SLB OneSubsea awarded contract for Phase 3, Stage 2 of Equinor’s North Sea Troll project
SLB has announced the award of a sizeable contract by Equinor to its OneSubsea joint venture. The award leverages an existing long-term contract for the execution of the second stage of Phase 3 for Equinor’s Troll project in the North Sea, offshore Norway. The objective for Troll Phase 3, Stage 2 is to accelerate production from the reservoir equivalent to about 55 billion standard cubic meters of gas.
27 May 24
UK: New North Star vessel bound for East Anglia THREE windfarm
North Star has secured a contract with Siemens Gamesa to build a hybrid service operations vessel (SOV) bound for long-term charter at the East Anglia THREE offshore windfarm development located off the Suffolk coast, England.
27 May 24
US: BOEM releases final Environmental Impact Statement for two wind projects offshore New Jersey
In support of the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) has announced the availability of the final Environmental Impact Statement (EIS) for two wind energy projects offshore New Jersey. If approved, the two projects could generate about 2,800 megawatts of electricity, enough to power almost 1 million homes.
27 May 24
UK/Germany: NZTC report sets out plan for green hydrogen export between Scotland and Germany
UK-based Net Zero Technology Centre (NZTC) and German-based Cruh21 have launched a report that will help unlock the full potential of a green hydrogen collaboration between Scotland and Germany.
27 May 24
Norway: Var Energi sells Bøyla asset as part of portfolio optimisation
Vår Energi has signed an agreement with Concedo for the disposal of a 20% interest in the Bøyla field for a consideration of USD 24 million. The Bøyla field is a mature producing field located in the North Sea operated by Aker BP (80%). The field started production in 2015 and is developed with a subsea template tied-back to the Alvheim FPSO.
24 May 24
UK: Offshore Energies UK endorses call for more support for homegrown energy industry
Offshore Energies UK has endorsed the findings of Delivering Our Energy Future, a new report by Robert Gordon University (RGU) calling for urgent alignment across the political spectrum to sustain thousands of UK offshore energy industry jobs, supply chain investments and the economic contribution of the workforce.
24 May 24
Mozambique: CNOOC Limited subsidiaries sign EPCCs for 5 offshore blocks in Mozambique
CNOOC Limited has announced that its wholly owned subsidiaries have entered into petroleum exploration and production concession contracts (EPCCs) with the Ministry of Mineral Resources and Energy of Mozambique (MIREME) and Empresa Nacional de Hidrocarbonetos (ENH) for 5 offshore blocks in Mozambique.
24 May 24
Norway: Equinor investing to maintain high gas production at Troll
Equinor and the Troll partners have decided to invest just over NOK 12 billion to further develop the gas infrastructure in the Troll West gas province. This will accelerate production from the reservoir and thus maintain the current high gas export levels from the Troll and Kollsnes value chain leading up to 2030.
24 May 24
Ghana: Tullow takes next step on Net Zero pathway with nature-based solutions in Ghana
Tullow and the Ghana Forestry Commission have formalised a strategic partnership to implement a REDD+ programme that will deliver certified carbon offsets in line with Tullow’s 2030 Net Zero roadmap.
24 May 24
UK: Union Jack Oil reports positive conclusions of a Carbon Intensity Study on the West Newton gas development
Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has published the positive conclusions of a Carbon Intensity Study on the West Newton gas development, located within PEDL183 onshore UK in East Yorkshire. The West Newton project has an AA rating for Carbon Intensity for its potential upstream gas and condensate production.
24 May 24
BW Energy announces first quarter results 2024
BW Energy continues to progress the Hibiscus / Ruche drilling program, optimising available rig time to increase production and reserves through low-cost, low-risk development activity. In Brazil, the Golfinho field is producing in line with expectations ahead of the planned infill drilling campaign, and in Namibia, the potential of the Orange Basin and the Company's Kudu asset is reaffirmed by another major new oil discovery.
23 May 24
Algeria: Baker Hughes to support strategic gas project in Algeria to enhance Italy, Europe’s energy security
Baker Hughes has been awarded a major contract from SONATRACH for a gas-boosting project for the Hassi R’Mel gas field in Algeria. The contract is part of a broader order awarded to a consortium between Baker Hughes and Tecnimont, part of technology and engineering group MAIRE.
23 May 24
GoM: Elemental Energies awarded major wells decommissioning contract in the Gulf of Mexico
Leading independent wells specialist, Elemental Energies, has secured a major master services contract to support the decommissioning of nine orphaned wells in the Gulf of Mexico by Promethean Energy, a late life oil and gas operator focused on delivering safe, cost-efficient and timely decommissioning of mature assets.
23 May 24
UK: Carbon Storage levy: Call for evidence response - NSTA
The North Sea Transition Authority (NSTA) ran a call for evidence between 4 December 2023 and 26 January 2024 on the potential principles, design and timing of a possible future levy on UK carbon storage licences. After reviewing the submissions to the call for evidence, the NSTA has published a response, stating that it intends, unless there are major external developments, to introduce a carbon storage levy in the future, once the CCS industry is on a more self-sustaining footing.
23 May 24
Uruguay: PGS receives approval to reprocess and expand Uruguay MC3D dataset
Originally acquired in 2012 (survey 3DUR12) and covering an area of 15 600 sq km, this data provides indispensable insights into Pelotas Basin prospectivity. The reprocessing sequence is designed to unlock further opportunities within these basins, helping to redefine exploration frontiers in this region.
23 May 24
Angola: Saipem awarded three new contracts by TotalEnergies EP Angola Block 20 for the Kaminho project for an overall amount of 3.7 billion USD
Saipem has been awarded three new contracts by TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, for the Kaminho project relating to the development of Cameia and Golfinho oil fields, located approx. 100 km off the coast of Angola. The overall amount of the contracts is 3.7 billion USD.
23 May 24
Namibia: ReconAfrica announces an operations update, JV update and termination of FTB Capital contract
Reconnaissance Energy Africa has announced an operations update with respect to activity relating to Petroleum Exploration Licence 73 ('PEL 73'), onshore northeast Namibia, an update on the joint venture process and the termination of the marketing agreement with FTB Capital Inc.
23 May 24
Turkey: Trillion Energy commences work program at SASB gas field
Trillion Energy International has commenced operations program at the SASB gas field, Turkey which will occur over a two-month period. Operations are being conducted in several phases and involve seven or eight wells at the SASB gas field, including all six wells drilled/completed last year as well as a few older wells that historically experienced water loading issues.
23 May 24
Norway: AkerBP awarded drilling permit for well 34/6-7 S
The Norwegian Offshore Directorate has granted Aker BP a drilling permit for well 34/6-7 S in production licence PL932.
23 May 24
Australia: Mainstream Renewable Power and Someva Renewables awarded a 500 MW investigative permit for onshore wind farm in New South Wales
Mainstream Renewable Power, the global pure-play renewable energy company, and Someva Renewables, an Australia-based renewable energy developer, have been awarded a permit by the Forestry Corporation of New South Wales, Australia to jointly investigate an onshore wind farm at Sunny Corner with a potential capacity of approximately 500 MW.
23 May 24
UK: Leading energy companies launch new Humber Hydrogen Hub projects in Parliament
Leading energy companies Equinor, Centrica and SSE Thermal have launched plans for a collaboration of multiple low carbon hydrogen projects on the north bank of the Humber which also link to wider plans within the region. The plans, which include the transformation of the Easington gas terminal, were launched yesterday in the Houses of Parliament to an audience of MPs, civil servants, industry bodies and regional stakeholders.
23 May 24
Aker Solutions doubles down on consultancy business and unveils new name
Aker Solutions’ consultancy has announced plans to double its revenues and headcount by 2030 as it introduces its new name, Entr. Entr’s growth is driven by an increased demand for Aker Solutions’ early phase offerings and the need to adapt its services for new and existing markets.
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