Industry News


EU Approves $21.27B Just Transition Fund

Jun 07, 2021

European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the cash.The 17.5 billion euro ($21.27 billion) Just Transition…

Eni to Tie Maha 2 Discovery to Jangkrik FPU

Jun 07, 2021

Italian oil and gas company Eni has said it has successfully drilled and tested the Maha 2 appraisal well offshore Indonesia, and will most likely tie it to the Jangkrik floating production unit.The well is located in West Ganal block offshore Kalimantan…

UK: Eleven-I and Innvotek Join Offshore Wind Robotics Challenge

Jun 07, 2021

Two UK-based firms have been awarded an opportunity to develop and showcase their innovative robotic solutions with GE Renewable Energy and the Offshore Renewable Energy (ORE) Catapult.Eleven-I and Innvotek have both successfully applied to a robotics innovation call…

Transocean, Jurong Shipyard Agree Delivery, Payment Delays for 8th Gen Drillship Duo

Jun 07, 2021

Offshore drilling company Transocean has reached a deal with Singapore-based Jurong Shipyard - a Sembcorp Marine subsidiary - to delay the delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan, originally ordered in 2014…

Siccar Point Applies for Cambo Field Development Consent

Jun 07, 2021

UK-focused oil and gas company Siccar Point Energy has made an application for consent to the Oil and Gas Authority for an environmental statement for the Cambo field development located near the UK/Faroe Island transboundary line.The Cambo…

PGS, TGS Expand Survey Campaign Off Canada. Another Vessel Set to be Deployed

Jun 07, 2021

Norwegian seismic surveyor PGS has, with its Ramform Titan seismic vessel, started the Cape Anguille seismic survey program offshore Canada, in partnership with seismic data firm TGS.The program expands the PGS-TGS joint venture with another…

ExxonMobil Restarting Ops in Canje Block, Offshore Guyana with Jabillo-1 Well Spud

Jun 07, 2021

U.S. oil major ExxonMobil is resuming operations at the Canje Block offshore Guyana with the drilling of the billion-barrel prospect Jabillo-1, using the Stena Carron Drillship.The news was shared by Westmount Energy, a company that owns a stake in one of ExxonMobil's Canje block partners…

VIDEO: Scotland’s Biggest Offshore Wind Farm Exports First Power

Jun 07, 2021

Moray East offshore wind farm in the Moray Firth, Scotland, on June 4 exported its first power to the national grid via its new substation south of New Deer in Aberdeenshire.The 950MW wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL)…

PHOTO: IOG's Blythe and Southwark Platforms Installed in North Sea

Jun 07, 2021

North Sea-focused oil and gas company IOG has installed the Blythe and Southwark gas platforms at their respective offshore field locations in the UK.Located in the southern North Sea, the two usually unmanned, remotely controlled platforms…

Vattenfall: All 72 Turbines Installed at Denmark's Largest Offshore Wind Farm

Jun 07, 2021

Swedish energy company Vattenfall has installed all 72 turbines at its Kriegers Flak offshore wind farm in Denmark.According to Vattenfall, Kriegers Flak will be Denmark's largest offshore wind farm. The 72 Siemens Gamesa offshore wind turbines…

First Line of Nord Stream 2 Pipeline Completed, Putin Says

Jun 04, 2021

Russia's Nord Stream 2 gas pipeline is set to be completed as the United States wants good ties with Europe, President Vladimir Putin said, as the ill-fated project is nearly complete and ready to start pumping gas to Germany.Russia's Gazprom…

Transformative Deal: Hibiscus to Pay $212.5M for Repsol's Offshore Blocks in Vietnam and Malaysia

Jun 04, 2021

Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…

Talos Energy Says Gulf of Mexico Well Successful

Jun 04, 2021

U.S. oil company Talos Energy on Thursday said its drilling operation at the Gulf of Mexico Tornado 3 well was a success.The company said its Tornado 3 sidetrack well ('Tornado Attic' well) successfully discovered pay in-line with pre-drill expectations…

Saipem Acquires Naval Energies' Floating Wind Business

Jun 04, 2021

Italian energy services firm Saipem has agreed to acquire the floating wind business of the French company Naval Energies, a subsidiary of Naval Group.The business consists of Naval Energies' engineering know-how on floating units, intellectual property rights…

Gazprom Neft, Novatek Form Arctic E&P JV

Jun 04, 2021

Russian energy companies Novatek and Gazprom Neft on Friday created an exploration and production joint venture which will focus on work in the East Siberian Sea and the Chukchi Sea.As part of the agreement, Novatek acquired a 49% participation interest in OOO Gazpromneft Sakhalin…

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