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28 May 24
Weatherford awarded a two-year frame agreement extension with Equinor for completions and slot recovery
Weatherford International has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services.
28 May 24
UAE: TA’ZIZ awards construction contract for low-carbon ammonia plant
TA’ZIZ, a chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Abu Dhabi, announced at the Make it in the Emirates forum, the award of a construction contract for its 1 million tons per annum (mtpa) low-carbon ammonia production facility. Fertiglobe, a partner of TA’ZIZ, Mitsui & Co and GS Energy Corporation, awarded the construction contract to Tecnimont (MAIRE Group).
28 May 24
DNV assists Philippine battery energy storage project through to commercial operation
Consultants in the Singapore and Philippine offices of DNV, the independent energy expert and assurance provider, have assisted SN Aboitiz Power Group in the development of a battery energy storage system (BESS) facility co-located with the Magat Hydroelectric Power Plant at Ramon, Isabela in the Philippines.
28 May 24
Ecuador: Gran Tierra Energy announces test results of Arawana-J1 discovery and provides Ecuador exploration update
Gran Tierra Energy has announced test results of the Arawana-J1 discovery and provided an Ecuador exploration update. Test results from the Arawana-J1 well (100% WI, Operator) mark a significant milestone for the Company's operations in Ecuador. The well continues to clean-up and over the past 12 hours the well has produced at stabilized rates of 1,358 BOPD.
28 May 24
Japan: Santos signs long-term LNG supply contract with Hokkaido Gas
Santos has announced the signing of a binding long-term LNG Supply and Purchase Agreement (SPA) with Hokkaido Gas Co. to provide LNG from Santos’ portfolio of world-class LNG assets.
28 May 24
Tunisia: TE H2 partners with VERBUND on a large project in Tunisia
TE H2 a joint-venture between TotalEnergies and EREN Groupe, together with VERBUND, Austria’s leading electricity company, have signed a Memorandum of Understanding with the Republic of Tunisia to study the implementation of a large green hydrogen project named 'H2 Notos' for export to Central Europe through pipelines.
28 May 24
Germany: Van Oord wins contract for Nordseecluster offshore wind project
Van Oord has been awarded the contract for the transport and installation of the monopile foundations for the Nordseecluster offshore wind project in Germany by RWE. The project award is a major milestone for Van Oord because it will be the first project for the brand-new offshore installation vessel Boreas, which is currently under construction.
28 May 24
Saudi Arabia: COOEC appoints ABL for Safaniya jacket installations
ABL has been awarded a contract by China Offshore Oil Engineering Company (COOEC) to provide marine warranty survey services for the build-out of the CRPO 122 project at the Safaniya oil field in the Kingdom of Saudi Arabia. The Safaniya oil field, operated by Saudi Aramco, is the world’s biggest conventional offshore oil field both by recoverable reserves and production capacity.
28 May 24
Ithaca Energy announces new leadership appointments to deliver next phase of growth following transformational business combination
Ithaca Energy, a leading independent oil and gas operator in the North Sea, has announced a number of changes to its Board of Directors and Executive Management team to strengthen the Company’s leadership as it embarks on its next phase of growth, having recently announced its proposed transformational business combination with substantially all of the upstream assets of Eni in the UK.
28 May 24
Ithaca Energy announces Q1 update and results for three months to 31 March 2024
Ithaca Energy continues to deliver against its BUY, BUILD and BOOST strategy, announcing the transformational Business Combination with Eni UK in April that positions the Company as the largest resource holder in the UKCS with the potential for further material organic and inorganic growth.
28 May 24
UK: Roadmap for energy skills transition secures backing from wind, oil and gas sectors
Energy industry leaders have aligned on a roadmap for a prototype ‘energy skills passport’ to enable cross-sector recognition of energy industry expertise and training. Delivery on the commitment to a ‘skills passport’ was set out in both the North Sea Transition Deal and Offshore Wind Sector Deal struck between industry and the UK government.
28 May 24
Thailand: Valeura Energy announces Nong Yao development drilling update
Valeura Energy has announced the successful completion of an infill drilling campaign at Nong Yao A and the start of development drilling on the Nong Yao C extension, both part of the Nong Yao oil field, offshore Gulf of Thailand.
28 May 24
Baron Oil announces Final Results Y/E 31 December 2023
AIM-listed Baron Oil has announced its audited financial results for the year ended 31 December 2023. Baron has made significant progress in its work on the Chuditch PSC in Timor-Lest during 2023 - moving from evaluation into the drilling preparation phase.
28 May 24
US: Mosman Oil and Gas provides US operations update
AIM-listed Mosman Oil and Gas, the hydrocarbon, helium and hydrogen exploration, development, and production company, has provided an update on its Stanley and Cinnabar projects in the US.
28 May 24
Morocco: Chariot announces gas discovery at OBA-1 well
AIM-listed Chariot, the Africa focused transitional energy group, has announced a gas discovery at the OBA-1 well on the Dartois prospect, the second of a two well drilling campaign in the Loukos Onshore licence onshore Morocco.
28 May 24
UK: Subsea7 awarded a contract for the Belinda field in the UK North Sea
Subsea7 has announced the award of a sizeable(1) contract by Serica Energy, for the Belinda field development south-east of the Triton FPSO. The Belinda field is operated by Serica Energy and located approx. 190 kms east of Aberdeen in the UK Central North Sea.
28 May 24
Brazil: TotalEnergies, operator Petrobras and partners take Final Investment Decision for Atapu-2 and Sépia-2 oil developments
TotalEnergies, together with the operator Petrobras and their partners in the Atapu and Sépia consortiums, have taken the Final Investment Decision (FID) for the second development phase of Atapu and Sépia fields, located in the prolific pre-salt Santos Basin, offshore Brazil.
28 May 24
Var Energi intensifies efforts to cut emissions
Vår Energi joins UN led initiative to improve accuracy and transparency of methane emissions reporting. The Company has signed an agreement with OGMP (Oil and Gas Methane Partnership), an initiative of the United Nations Environment Programme (UNEP) in which nearly 140 oil and gas companies work with organisations such as the European Union (EU) and the World Bank to improve accuracy and transparency of methane emissions reporting.
28 May 24
UK: Next UK government ‘has 100 days to save 100,000 jobs in the North Sea’
The next UK government will have just 100 days to save 100,000 jobs in the North Sea energy sector as companies consider pulling investment from the UK. The 39th Energy Transition report from Aberdeen & Grampian Chamber of Commerce reveals there has been a sharp decline in work across production, exploration and renewables as investors await the outcome of the General Election.
28 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.
28 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.
28 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.
28 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.
28 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.
28 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.
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