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08 Jun 20
Malaysia: McDermott completes Pan Malaysia Transportation and Installation Projects
McDermott International has announced the completion of the Pan Malaysia Transportation and Installation Projects for Sarawak Shell and SapuraOMV, located offshore Miri, Sarawak.
08 Jun 20
Israel: Energean announces Karish update - work recommences on FPSO, subsea installation progressing as planned
Energean has announced that work has recommenced on the Energean Power FPSO in the Admiralty Yard, Singapore, on 2 June 2020 and the subsea installation campaign offshore Israel is progressing as planned.
08 Jun 20
Total joins the 'Getting to Zero Coalition' to contribute to shipping industry’s decarbonization
Total has joined the Getting to Zero Coalition to support the maritime industry's decarbonisation by collaborating with companies across the maritime, energy, infrastructure and finance sectors.
08 Jun 20
Equinor launches maritime climate ambitions
On the UN’s World Oceans Day, Equinor is launching its ambitions for reducing own emissions from ships and how the company will contribute to decarbonising shipping. Equinor’s maritime climate ambitions are embedded in the company’s climate roadmap launched on 6 February 2020.
08 Jun 20
Argentina: Echo Energy announces Santa Cruz Sur reserve and resource update
Echo Energy has provided an update in respect of the Company's internal estimates of reserves and resources attributable to Echo's 70% non-operated working interest in the producing Santa Cruz Sur blocks, onshore Argentina. Echo has also provided further detail on an identified well workover programme and other production enhancement opportunities contained within the Santa Cruz Sur portfolio.
08 Jun 20
Australia: Red Emperor elects not to exercise its option over Perth Basin exploration permit WA-481-P
Red Emperor Resources has taken the decision not to exercise its option to acquire a 70% operated interest in the offshore Perth Basin exploration permit, WA-481-P.
08 Jun 20
UK: Union Jack Oil acquires further interest in the Wressle hydrocarbon development project
AIM-listed Union Jack Oil has agreed to acquire a further 12.5% economic interest in PEDL180 and PEDL182 containing the Wressle hydrocarbon development project from Humber Oil & Gas for a cash consideration of £500,000.
08 Jun 20
UK: Egdon Resources provides update on Licences P1929 and P2304 and the Shell farm-In
AIM-listed Egdon Resources has provided an update on UK offshore licences P1929 and P2304 and the Farm-In Agreement with Shell.
08 Jun 20
PGS implementing further cost measures
PGS is implementing further cost reductions to bring annual gross cash cost run-rate to approx. $400 million through staff reductions, re-organization, consolidation of offices, re-negotiation of service agreements and other cost measures.
08 Jun 20
UK: Lamprell awarded contract for Seagreen wind farm foundations
Lamprell has received a Letter of Award (LOA) from Seaway 7, the Renewables business unit of Subsea 7, the lead engineering, procurement, construction and installation contractor on the Seagreen offshore wind farm, for the provision of Wind Turbine Generator (WTG) Substructures for the project.
07 Jun 20
OPEC extends oil production cuts until the end of July
OPEC countries and the other countries which export crude oil (OPEC+) have agreed, at the 11th OPEC and non-OPEC Ministerial Meeting, to extend record oil production cuts until the end of July.
07 Jun 20
Libya: NOC confirms restart of production at Sharara oil field
Libya's National Oil Corporation has confirmed the return of production at the Sharara oil field south of the country, after lengthy negotiations by the NOC to reopen the Hamada valve, which had been illegally closed last January, resulting in the shutdown of production.
07 Jun 20
SOCAR takes over operatorship of the South Caucasus Pipeline
The South Caucasus Pipeline Company has announced that as from 20 March 2020 technical operatorship of the South Caucasus Pipeline has been transferred from BP to SOCAR. The South Caucasus Pipeline is one of the key sections of the Southern Gas Corridor.
07 Jun 20
Russia: Gazprom and RusGazDobycha reach final investment decision on Semakovskoye field
Gazprom and RusGazDobycha have reached a final investment decision on the project for the development of the Semakovskoye gas field in the Yamal-Nenets Autonomous Area. Commercial production at the Semakovskoye field is scheduled to start in 2022.
07 Jun 20
Offshore wind expenditure set to match upstream oil and gas in Europe in 2021, surpass it in 2022 - Rystad Energy
The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022.
07 Jun 20
Ghana: Aker Energy reaffirms its commitment to the Pecan field development offshore Ghana
Aker Energy has reaffirmed its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana.
07 Jun 20
Brazil: BW Offshore announces contract extension wih Petrobras for the Cidade de Sao Vicente
BW Offshore has received a notice from Petrobras extending the lease and operation agreement of BW Cidade de São Vicente with 120 days. With this the contract will expire on 9 October 2020.
05 Jun 20
China: Vestas wins order for V155-3.3 MW turbines in China with new customer
Vestas has secured a 50 MW order from new customer China Three Gorge Renewables (CTG Renewables), one of China’s biggest renewable energy developers, for the 50 MW project Juye I in Heze, Shandong province in China.
05 Jun 20
Australia: Vestas secures service agreements for Senvion turbines across three wind farms in Australia
In partnership with global energy producer EDL, Vestas has secured service agreements for the three Australian wind farms of Coober Pedy in South Australia, Cullerin Range in New South Wales and Wonthaggi in Victoria.
05 Jun 20
Wood commits to 40 percent reduction in carbon emissions by 2030
Wood, the global engineering and consultancy company, has announces its pledge to set a science-based target to reduce its scope 1 and 2 greenhouse gas emissions by 40% by 2030.
05 Jun 20
Netherlands: Subsea 7 contract offshore Netherlands confirmed
Subsea 7 has confirmed the award of a substantia contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project.
05 Jun 20
UK: Premier Oil announces proposed revised terms for the BP acquisitions and agreements with creditors
Premier Oil has agreed revised terms with BP for the proposed acquisition of the Andrew Area and Shearwater assets, which are materially value accretive for the Company.
05 Jun 20
Australia: Global Petroleum applies for voluntary removal from the Official List of the ASX
Global Petroleum has formally applied to ASX requesting the removal of the Company from the official list of ASX.
05 Jun 20
UK: Subsea 7 awarded renewables contract offshore Scotland
Subsea 7 has announced the award of a major contract by SSE Renewables for the engineering, procurement, construction and installation (EPCI) of the foundations and inter array cables for the Seagreen Offshore Wind Farm project, 27km offshore Scotland.
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