Final Investment Decisions News


Aker Solutions Wins FEED for Wisting FPSO

Oct 20, 2021

Norwegian oilfield equipment and technology provider Aker Solutions said Wednesday it has received a letter of intent (LOI) for a front-end engineering and design (FEED) contract from energy company Equinor for the floating production, storage…

Aker Solutions Inks FEED LOI for Wisting FPSO

Oct 20, 2021

Aker Solutions received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea.Wisting is a greenfield development located in the Barents Sea…

Poland: Ocean Winds Awarded CfD for B&C-Wind Offshore Wind Farm

Jun 30, 2021

Ocean Winds (OW),  an EDP Renewables - ENGIE joint venture, has been awarded a contract-for-difference (CfD) for 369,5 MW by the Polish authorities for the B&C-Wind offshore wind farm. The wind farm site is located in the Exclusive Economic Zone of Poland’s Baltic Sea…

First Gas from Tolmount Field Expected in July, Harbour Energy Says

Jun 23, 2021

London-listed oil and gas company Harbour Energy said Wednesday it expected the first production from its Tolmount field in the UK North Sea around the end of July.The Tolmount gas field is located in Block 42/28d, in the UK southern North Sea…

Maersk Drilling Secures More Work for Offshore Rig in Brazil

Jun 03, 2021

Danish offshore drilling firm Maersk Drilling has secured a two-well contract extension for one of its drilling rigs in Brazil.The contract, for the Maersk Developer semi-submersible drilling rig, is with Karoon Energy, which on Thursday announced…

Subsea Integration Alliance Awaiting Final Confirmation of Major Equinor Contract

Jun 01, 2021

Subsea Integration Alliance, a joint venture between Subsea 7 and Schlumberger's OneSubsea, is anticipating final confirmation of a major contract award by Equinor 'in the near future,' Subsea 7 said Tuesday.Subsea 7 defines a major contract…

Neptune Takes Stake in Spirit Energy's Pegasus West Discovery. Tieback to Cygnus Platform Planned

May 04, 2021

Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West offshore discovery in the UK Southern North Sea, in a move that will see the discovery developed as a tie-back to the Cygnus offshore platform.Pegasus…

Romania: BSOG to Start Gas Production from $600M Black Sea Project in November

Feb 24, 2021

Romania-based Black Sea Oil & Gas (BSOG) will begin extracting natural gas from its $600 million offshore Romanian project in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax.The additional…

New Age Can Apply for New Etinde License

Jan 25, 2021

Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.This would replace the existing Etinde Exploitation Agreement which came into force by Presidential decree in January 2015…

Everfuel to Offtake Green Hydrogen from Ørsted's H2RES Project

Jan 20, 2021

Danish firm Everfuel has signed a contract with Ørsted for the offtake and distribution of green hydrogen to zero-emission mobility, produced at the H2RES demonstration project on Avedøre Holme in Copenhagen, Denmark for which a final investment decision was made Wednesday…

Bowleven Names Chairman

Jan 11, 2021

Africa-focused oil and gas exploration company Bowleven, working to bring online the Etinde gas condensate field, off Cameroon, has appointed Jack Arnoff as Non-Executive Chairman with immediate effect. Arnoff is currently a Non-Executive Director of Bowleven…

Santos Makes $235M FID for Bayu-Undan Infill Drilling Program

Jan 05, 2021

Australian oil and gas company Santos, the operator of the Bayu-Undan field in the Timor Sea, off Timor Leste, has reached a Final Investment Decision for the US$235 million Phase 3C infill drilling program at the offshore field.The program…

Hibiscus Pushes North Sea Field Development FID to March 2021

Dec 09, 2020

Malaysian oil and gas operator Hibiscus Petroleum has said that the final investment decision for the development of its Marigold cluster in the UK North Sea, will be made in March 2021, and not in December 2020, as previously expected, citing Covid-19 effects…

Woodside, BHP Get Scarborough Production Licenses Offers

Nov 09, 2020

Australian oil and gas company Woodside has informed that the company and BHP, partners in the Scarborough offshore gas field in Australia, have received offers for the grant of petroleum production licenses for the blocks containing the gas field…

Indonesian Regulators Approve Paus Biru Gas Field Plan

Aug 26, 2020

Indonesian oil and gas regulators have approved the plan of development of the Paus Biru offshore gas field in the East Java Basin.The field is located in the Medco-operated Sampang offshore block, in the Madura Strait,  off Madura Island, Indonesia…

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