EnQuest (LON: ENQ) plans to carry out its largest sanctioned programme of work since 2014 in the coming year, with a range of drilling and decom in the pipeline. In a trading update, the North Sea operator said operational expenditure is expected to total $430 million in 2022, with capital spend of $165 million, which includes drilling its first new …
Leaders from government, offshore energy, marine renewables, defence and aquaculture will feature in a packed programme for the much-anticipated Subsea Expo 2022. The flagship conference and exhibition for the underwater industry is primed to welcome UK and international delegates to Aberdeen’s P&J Live from 22 – 24 February. Organised by the Global Underwater Hub (GUH), the event’s theme of ‘Oceans of Opportunity’ will …
01/02/2022
FID at last for $10bn Lake Albert project
TotalEnergies and CNOOC Ltd have taken the final investment decision (FID) on Uganda’s Lake Albert development, finally triggering the start of work on the 240,000 barrel per day project. Ugandan President Yoweri Museveni, Tanzanian Vice President Philip Mpango and TotalEnergies head Patrick Pouyanné attended the ceremony this morning. The launch was held at the Kololo Independence Grounds, in Kampala. “I’m …
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million). Kistos, headed up by former RockRose Energy CEO Andrew Austin, will take up interests in the Greater Laggan Area fields and the Shetland Gas Plant, as well as interests in nearby …
JF Decommissioning (JF Decom) will consolidate capabilities across the James Fisher group to provide support to the decommissioning needs of customers in the renewables and oil and gas markets Current decommissioning capabilities offered by James Fisher Offshore will transfer into JF Decom to provide a dedicated service capability through a single point of contact JF Decom to provide an ‘end-to-end’ …
Neptune Energy has confirmed a marked increase in production from its operated Gjoa platform. From 2020 to 2021, production from the installation in the Norwegian North Sea rose by two million barrels of oil equivalents (boe). Gjoa’s gross production ended on 42 million boe in 2021, compared with 40 million boe in 2020. Read the full story here. Photo Credit: Energy Voice.
Manufacturers and developers including Ørsted and Lamprell have signed a series of MoUs and supplier agreements, as both seek to guarantee capacity ahead of a wave of new offshore wind projects. Wind developer Ørsted today announced a new strategic partnership with German steel producer Salzgitter. In a memorandum of understanding (MOU), the two said they would seek to establish “closed …
International subsea rental equipment and solutions specialist Ashtead Technology has signed a multi-year reseller agreement with Norway-based NORBIT Subsea, a provider of tailored and innovative technology solutions to the global maritime sector. Under the terms of the agreement, Ashtead Technology will serve as the exclusive reseller of NORBIT Subsea products throughout the Middle East region. NORBIT Subsea specialises in the …
Offshore Helicopter Services, the new name for the former Babcock Aberdeen business, has landed a new North Sea contract with Well-Safe Solutions. The new deal will see Offshore Helicopter Services “fly hundreds of passengers every month” to and from the Well-Safe Guardian rig. Last week the Well-Safe Guardian left the Cromarty Firth for the North Sea in what was described …
An ambitious decarbonisation strategy at the Port of Blyth has received a further boost via a multi-million pound commitment to its first fully electric heavy lift crane. The eco-efficient Konecranes Gottwald ESP.6 Mobile Harbour Crane, due for delivery in April, will be the first “Generation 6” model to be deployed in the UK. Known as one of the UK’s leading …