Tag Archive

Seadrill Announces Contract Award for the West Tellus

Seadrill Announces Contract Award for the West Tellus

November 6, 2019 No Comments

Seadrill Limited (“Seadrill”) has secured a two year contract with Petroleo Brasileiro S.A. (“Petrobras”) for the West Tellus in Brazil. Total contract value is expected to be approximately $170 million, inclusive of managed pressure drilling and ancillary services, with commencement expected in 4Q 2019, in direct continuation of its current contract with Petrobras. Source / […]

Total Sells Its Interest in Offshore Block CA1

Total Sells Its Interest in Offshore Block CA1

October 30, 2019 No Comments

Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell1 for $300 million. The transaction is subject to approval by the competent authorities and is expected to close by December […]

Worley acquires offshore wind energy specialist 3sun Group

Worley acquires offshore wind energy specialist 3sun Group

October 29, 2019 No Comments

We are delighted to announce the acquisition of 3sun Group (3sun), the UK-based installation, inspection and maintenance specialists in the offshore wind sector. The transaction will combine the companies’ complementary offshore capabilities to bring a complete engineering, procurement, construction, operations and maintenance offering to the global offshore wind market. In doing so it will further […]

Solar PV drives expected growth,in renewable capacity additions

October 29, 2019 No Comments

Renewable power capacity is set to expand by 50% between 2019 and 2024, led by solar PV. This increase of 1 200 GW is equivalent to the total installed power capacity of the United States today. Solar PV alone accounts for almost 60% of the expected growth, with onshore wind representing one-quarter. Offshore wind contributes […]

Tags: , , , , Renewables
Offshore wind to become a $1 trillion industry

Offshore wind to become a $1 trillion industry

October 29, 2019 No Comments

Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonise energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report published today. Offshore Wind Outlook 2019 is the most comprehensive global study on the subject to date, combining the […]

Eni starts production of Baltim South West field offshore Egypt

Eni starts production of Baltim South West field offshore Egypt

September 17, 2019 No Comments

Eni announces the successful commissioning and start-up of production of the offshore Baltim South West gas field in Egypt. Discovered by Eni in June 2016, the field goes on-stream in a record time, just 19 months after the final investment decision (FID) was approved in January 2018. This result further confirms the success of the […]

Kvaerner aims to diversify into new business areas

Kvaerner aims to diversify into new business areas

September 16, 2019 No Comments

Kvaerner establishes two new focus areas to grow its operations within both oil and gas projects and in renewable industries. With the new focus areas, the group is aiming for around 40 per cent growth within a few years, compared to revenues in 2018. The company will continue to be a main contractor that creates […]

Patriot’s on-site machining services

Patriot’s on-site machining services

September 13, 2019 No Comments

Patriot International is a skilled provider of on-site services aimed to maintain the integrity of production and process plant and pipework. With our own extensive range of specialist portable equipment, coupled with highly skilled technicians we are able to provide you with cost-effective mechanical completion services on-site at any location, at any time. All kinds […]

Cairn enters into a farm-out agreement for the sale of a 10% interest in the Nova development

Cairn enters into a farm-out agreement for the sale of a 10% interest in the Nova development

August 6, 2019 No Comments

With effect from 1 January 2019, ONE-Dyas Norge AS shall acquire 10% in the project by paying US$59.5 million(m) plus customary working capital adjustments on completion. Following this transaction Cairn will retain a participating interest of 10% interest in the Nova development and reduce its capital expenditure to the end of 2021 in the Nova […]

Qatar Petroleum signs agreement in Guyana

Qatar Petroleum signs agreement in Guyana

July 30, 2019 No Comments

Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America. Under the agreement, which is subject to customary regulatory approvals by the government of Guyana, Qatar Petroleum will hold 40% of Total’s existing 25% participating interest in the Orinduik block. […]

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