Fossil Energy – EPCIC Contract
Vietnam continues to advance the development of its offshore energy resources with the progression of Phase 2 of the Su Tu Trang gas field.
[Read more…] about Vietnam awards EPCIC contract to domestic contractorMooreast divests $29.7m shipyard asset to accelerate offshore wind push
General – Divestment
Mooreast Holdings has granted an option to sell its leasehold property at 51 Shipyard Road for $29.7m, with net proceeds of about $19.2m to be redeployed towards its offshore wind expansion plans.
[Read more…] about Mooreast divests $29.7m shipyard asset to accelerate offshore wind pushUS pays 2 more companies to walk away from offshore wind leases
Wind Energy – Leases USA
The Trump administration announced two more payouts for energy companies to walk away from U.S. offshore wind projects under development.
[Read more…] about US pays 2 more companies to walk away from offshore wind leasesNamibia turns to Norway for oil and gas support
General – Support
Namibia’s President Netumbo Nandi-Ndaitwah has requested technical support from Norway’s government in developing the country’s oil and gas sectors.
[Read more…] about Namibia turns to Norway for oil and gas supportShell made its biggest upstream investment in years
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 Company