Fossil Energy – Investment
Shell has agreed to acquire Canadian energy company ARC Resources in a $16.4 billion deal, which will be primarily funded through shares.
[Read more…] about Shell made its biggest upstream investment in yearsAnother termination of two USA wind leases
Wind Energy – Termination
Following news that SouthCoast Wind was considering a deal to terminate its three offshore wind leases in the US, the Interior Department announced that the parent company had decided to terminate two of its projects, with SouthCoast Wind not included on the list.
[Read more…] about Another termination of two USA wind leasesMulti-year P&A campaign at North Sea Forties field complex
Fossil Energy – Decommissioning
Apache North Sea has awarded Well-Safe Solutions a multi-year contract to decommission the Forties Field platform wells and subsea wells in the central UK North Sea.
[Read more…] about Multi-year P&A campaign at North Sea Forties field complexONGC cancels major offshore rig tender
General – Cancellation
India’s state-controlled Oil and Natural Gas Corporation (ONGC) has cancelled a major offshore rig tender, citing unexpectedly high day rates as the primary reason for scrapping the procurement process.
[Read more…] about ONGC cancels major offshore rig tenderValeura charters Shelf Drilling’s 19-year-old rig
Fossil Energy – Drilling
Valeura Energy has chartered a jack-up drilling rig owned by UAE-based Shelf Drilling for multi-year work in the Gulf of Thailand.
[Read more…] about Valeura charters Shelf Drilling’s 19-year-old rigHelix-Hornbeck merger creates Integrated Offshore Services Company
General – Merger
Helix Energy Solutions Group and Hornbeck Offshore Services announced they have entered into a definitive agreement to combine in an all-stock transaction, establishing a premier integrated offshore services company.
[Read more…] about Helix-Hornbeck merger creates Integrated Offshore Services CompanyThird oil platform offshore California coming online in June
Fossil Energy – Sable Offshore
Sable Offshore has confirmed the timeline for the restart of production from its third platform off the coast of California.
[Read more…] about Third oil platform offshore California coming online in JuneChange of ownership agreed for Muir Mhòr Floating OWF
General – Ownership
Joint Venture partners Vattenfall and Fred. Olsen Seawind have mutually agreed that Fred. Olsen Seawind will assume 100 per cent ownership of the Muir Mhòr Floating Offshore Wind Farm.
[Read more…] about Change of ownership agreed for Muir Mhòr Floating OWFEDF exits Taiwan OWP as government plans re-tender
Wind Energy – Withdrawal
EDF Power Solutions has announced its withdrawal from Taiwan’s offshore wind sector, terminating its contract for the Blue Ocean Changhua project and signalling mounting pressure in the global renewable energy market.
[Read more…] about EDF exits Taiwan OWP as government plans re-tenderTotalEnergies commits US$1 Billion annually as Namibia emerges as global oil hotspot
Fossil Energy – Namibia
TotalEnergies is intensifying its global energy exploration efforts, committing approximately US$1 billion each year as Namibia rises as one of the world’s most promising new oil and gas frontiers.
[Read more…] about TotalEnergies commits US$1 Billion annually as Namibia emerges as global oil hotspot