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Latest news - International

EMEC search for 2023 Earthshot champions

EMEC search for 2023 Earthshot champions   The search is on for The Earthshot Prize 2023 with the European Marine Energy Centre (EMEC) continuing its role as an Official Nominator for the second year running. EMEC joined The Earthshot Prize as an Official Nominator in 2022, following the Prince and Princess of Wales, then Duke and Duchess of Cambridge, visiting EMEC to see the world-leading decarbonisation innovations taking place in Orkney. EMEC is one of 349 nominators from 66...

Modutec Acquires Scottish-Based Marine HVAC Services Company

Modutec Acquires Scottish-Based Marine HVAC Services Company   Highlights: Offshore living quarter & engineering specialist takes majority stake in co-at Marine. Glasgow-based HVAC Services Company employs 10 skilled personnel. Acquisition bolsters Modutec’s HVAC, piping & electrical solutions for the international marine, offshore, renewables and onshore process sectors. Deal will support increasing demand for efficient, eco-friendly HVAC solutions across th...

Aker BPs Board Approves Field Development Projects Offshore Norway

Aker BPs Board Approves Field Development Projects Offshore Norway   Subsea7 recognises that on 1st December 2022, Aker BP’s board of directors decided that Aker BP will vote for the approval of amongst others the NOAKA field development project, the Valhall PWP-Fenris project and the Skarv Satellite project. Aker BP is the operator of these development projects, which are planned to be executed together with Aker BP’s partners. The final decisions to submit the Plan fo...

Scotland-Australia Relations Celebrated As International Event Returns

Scotland-Australia Relations Celebrated As International Event Returns   The importance of established relationships underpinned by common values, ambitions and strengths was the key theme of a leading international business event which was held in Aberdeen for the first time since 2019 this week. Hosted by Granite PR and held in association with The Government of Western Australia (WAGO), the Aberdeen-Perth WA Gateway returned on Tuesday, December 6th after a Covid-enforced pause....

Shelf Drilling finds work for two jack-up rigs in Italy

Shelf Drilling finds work for two jack-up rigs in Italy   Offshore drilling contractor Shelf Drilling has secured long-term deals for two jack-up rigs with Italy’s energy giant Eni for operations in the Adriatic Sea off Italy. Shelf Drilling announced a three-year contract for the Shelf Drilling Resourceful jack-up rig and a two-year contract for the Key Manhattan jack-up rig on Wednesday. Thanks to this, both rigs are expected to carry out operations for Eni in the Adriatic...

EnerMech acquires Stork Australia and New Zealand as part of strategic growth plan 

EnerMech acquires Stork Australia and New Zealand as part of strategic growth plan   EnerMech has acquired Stork Australia and New Zealand for an undisclosed sum as part of its strategic plan to add scale to its global integrity management business and further its  diversification into new markets. The newly acquired business brings a strong portfolio of clients from a diverse range of sectors including defence, mining, chemicals, and energy industries. The consolidation...

Centrica and Ryze agree to develop hydrogen pathway

Centrica and Ryze agree to develop hydrogen pathway   Centrica Business Solutions and Ryze Hydrogen are set to jointly build and operate hydrogen production facilities aimed at providing a reliable supply of hydrogen for industry and transportation. Under the landmark agreement the firms will jointly develop hydrogen production projects on existing Centrica Business Solutions sites and work with third-parties to build production on their sites too. A Memorandum of Understanding...

Equinor submits development plan for Verdande field in Norwegian Sea

Equinor submits development plan for Verdande field in Norwegian Sea   Equinor has submitted a plan for development and operation (PDO) for the Verdande development, offshore Norway, to the country’s Ministry of Petroleum and Energy. Planned to be commissioned in the fourth quarter (Q4) of 2025, the subsea development will involve a total investment of Nkr4.7bn ($478.4m) and is expected to ensure increased oil production at the Norne production vessel. Equinor projects, dr...

BP, Equinor and Ithaca to explore electrifying West of Shetland oil and gas fields

BP, Equinor and Ithaca to explore electrifying West of Shetland oil and gas fields   North Sea oil and gas producers BP, Equinor and Ithaca Energy signed an agreement to study electrification possibilities for their offshore production facilities in the West of Shetland area. The deal includes three large fields off the UK – the BP-operated Clair, the Equinor-operated Rosebank and the Ithaca-operated Cambo. Electrification solutions could include power from the shore, pote...

Equinor Submits Plan For Increased Oseberg Gas Extraction

Equinor Submits Plan For Increased Oseberg Gas Extraction   The Oseberg Area partners led by Norwegian energy giant Equinor will be investing in upgrades designed to provide increased gas production and reduced CO2 emissions. The plan for the Oseberg field was approved by the Ministry of Petroleum and Energy on Thursday, December 1. In November 2021, Equinor submitted an amended application on behalf of the partners in the Oseberg license for the development and operation of the O...

Saipem exercises purchase option on Samsung drillship

Saipem exercises purchase option on Samsung drillship   Italy’s Saipem has exercised its purchase option on drillship Santorini currently on charter from Samsung Heavy Industries. The Milan-headquartered firm is paying $230m in cash for the seventh-generation floater currently working in the US Gulf of Mexico on a contract with Eni that expires in the third quarter of 2023. Saipem said the investment decision is based on an expected return on investment of over 15%, with a...

Aker BP gets board approval for $19bn investment in field development projects

Aker BP gets board approval for $19bn investment in field development projects   Aker BP announced that its board has approved the decision to submit plans for development and operation (PDO) for the NOAKA field development project, the Skarv satellite project, the Valhall PWP-Fenris project, and the Utsira High projects, offshore Norway. The Norwegian oil company’s share of investments in the upstream projects is expected to be about $19bn between 2023 and 2028. Aker BP i...

Total Pulls £100 Million North Sea Drilling Investment After Windfall Tax

Total Pulls £100 Million North Sea Drilling Investment After Windfall Tax   French oil company TotalEnergies has announced it will cut back on new well spending in the North Sea next year as a direct consequence of the Government’s windfall tax raid. The North Sea operator announced last night it would withdraw a whopping £100 million from its total investment – roughly a quarter of its spending on new wells – and abandon plans to drill a new well at its...

Neptune Energy confirms new discovery in the Norwegian Sea

Neptune Energy confirms new discovery in the Norwegian Sea   Neptune Energy and its licence partners today announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1 - 3.5 million standard cubic meters (MSm3) of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent (boe). Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf. Managing Di...

Baltic Power issues contract engineer tender

Baltic Power issues contract engineer tender   A tender has been issued for the provision of contract engineer services for the construction of PKN Orlen and Northland Power's 1200MW Baltic Power offshore wind farm project. The project will be located in the Polish Exclusive Economic Zone in the Baltic Sea. The concession for the location of artificial islands in the sea covers a total area of ​​approximately 131 km2, and the area available for the installation of the offsh...

Oil and gas industry leaders meet to discuss energy security, net zero, investment in North Sea

Oil and gas industry leaders meet to discuss energy security, net zero, investment in North Sea   Government and industry gathered on Nov. 30 to discuss energy security, the energy transition to net zero and challenges to maintaining investment in the North Sea during a forum hosted by industry regulator the North Sea Transition Authority (NSTA). “Today’s frank and constructive conversation has helped focus positive actions for industry, government and the NSTA to take...

Reach Subsea buys one vessel and charters another to ‘take advantage of the growing demand’ 

Reach Subsea buys one vessel and charters another to ‘take advantage of the growing demand’   Norway’s subsea services provider Reach Subsea has inked an agreement to acquire one of the Østensjø Rederi-owned multipurpose ROV support vessels. In addition, the firm has boosted its fleet portfolio with a long-term charter deal for one of Go Marine Group’s vessels. Reach Subsea disclosed last week that it has secured “significant vessel capa...

Perenco discovers oil at PNGF Sud licence offshore Congo Brazzaville

Perenco discovers oil at PNGF Sud licence offshore Congo Brazzaville   Independent hydrocarbons producer Perenco has discovered oil in the shallow water Pointe Noire Grand Fond (PNGF) Sud license in Congo Brazzaville. The company encountered oil with the exploratory well Tchinem 1-01, which targeted a deeper zone beneath the Tchibeli North East (NE) field. It was drilled using the Dagda mobile offshore drilling and production unit (MODPU) that was moved onto the Tchibeli NE fiel...

BP draws first gas from Cassia C facility offshore Trinidad

BP draws first gas from Cassia C facility offshore Trinidad   BP said that its subsidiary BP Trinidad and Tobago (bpTT) has started gas production from the Cassia C facility, which is part of the Cassia compression project, offshore Trinidad. The offshore gas project was sanctioned by BP in December 2018. Cassia C marks the first offshore compression platform for bpTT as well as its largest offshore facility. It will help bpTT in accessing and drawing low pressure gas resources...

Saudi Arabia and other OPEC members are reportedly considering production increases

Saudi Arabia and other OPEC members are reportedly considering production increases   Saudi Arabia and other OPEC members are reportedly considering production increases of up to 500K BPD. This is according to the Wall Street Journal citing sources. The OPEC+ meeting on December 4. Crude oil is moving lower on the headline and has traded to a low of $77.01 so far. The low price from last week reached $77.21 before bouncing back above the $80 level. The cycle low from the 2022 hi...
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