News

UK Contractor wins engineering for Australia’s largest Green hydrogen project

October 7, 2020
Petrofac has been awarded its first ever green hydrogen Front End Engineering Design project contract by IBE (Infinite Blue Energy Pty) on the Arrowsmith Hydrogen Project. from google images  … >more

Eurovision: Offshore Wind Edition

October 1, 2020
from google images Denmark, Estonia, Finland, Germany, Latvia, Poland and Sweden have signed a joint declaration to collaborate and accelerate the offshore wind projects for the Baltic Sea. During an… >more

Uganda and Tanzania sign $3.5 billion pipeline agreement

September 25, 2020
from google images Tanzania and Uganda have signed an agreement allowing the construction of a 1445 km (898 miles) oil pipeline. The $3.5 billion (£2.7 million) project will link Uganda’s… >more

BP and Equinor Offshore Wind Deal

September 15, 2020
BP and Equinor have announced a deal worth $1.1bn that will allow BP to buy 50% non-operating interests relating to four major offshore wind developments from Norway’s Equinor. The developments… >more

Plans for Total and Macquarie to enter the South Korean Floating Wind Market

September 10, 2020
  from google images Super major Total and Macquarie’s Green Investment Group have linked to plan a 50/50 partnership on 2GW of Floating wind projects off the coast of South… >more

The winds are picking up off the Australian Coast

September 4, 2020
Australian oil and gas specialist Pilot Energy have announced that they have started a feasibility study. For the development of an 1100MW offshore wind farm off the mid-west coastal region… >more

President Erdogan Announces Historic Turkish Gas Discovery in the Black Sea

August 26, 2020
from google images Turkey announced its biggest natural gas discovery ever, a 320 billion cubic metre (11.3 trillion cubic feet) field in the Black Sea. According to Tayyip Erdogan, it… >more

Chevron Signs First Post-COVID Deal with Noble Energy

July 29, 2020
from google images On the 20th July, American giant Chevron announced the acquisition of Noble Energy for US$ 5 billion. This is the first major acquisition in the sector since… >more

Make Way for Ocean Winds

July 23, 2020
from google images EDP Renováveis and ENGIE are the latest joint venture to hit the offshore wind market. The two companies are teaming up to set up an exclusive investment… >more

Huge Six Months for Offshore Wind Despite COVID-19

July 16, 2020
via Google Images The offshore wind sector had a huge surge in the first 6 months of 2020, with a staggering US$ 35 billion being invested so far. Research conducted… >more

Eni ITT for two offshore Angola platforms

July 7, 2020
Eni is set to lead a US$2 billion bidding process for a pipeline and two new fixed platforms that are part of the offshore Angola Northern Gas Project (NGP). from… >more

Big Win for TechnipFMC on Subsea Equinor Field

June 25, 2020
TechnipFMC, a UK based offshore engineering contractor, has been awarded a letter of intent for three projects on the Norwegian Continental Shelf. The contract will be worth close to US$ 187.3… >more

Shell’s Going Green

June 18, 2020
Following the global collapse of oil demand, Shell have hatched plans for a huge company-wide transition towards renewable energies. This is inline with the 113-year old company’s ambitions of achieving… >more

New Windfarms on the Horizon as Scotland Opens Up Seabed

June 11, 2020
Scotland has opened its seabed for the first time in over a decade. The launch of Scotland’s first offshore leasing round has created a huge multi-billion-pound investment opportunity within the… >more

Historic LNG tanker order by Qatar Petroleum

June 5, 2020
from google images South Korean listed shipbuilding companies saw their shares skyrocket on Tuesday morning on the Seoul stock exchange following the announcement of an agreement with Qatar to build… >more

Perunding Ranhill Worley wins FEED battle on Rosmari Marjoram

May 27, 2020
Shell has awarded the three key FEED contracts for its Rosmari Marjoram giant sour gas development off Sarawak, East Malaysia. They aim to make their ultimate investment decision as early… >more

World’s Largest Offshore Windfarm Secures Base at Port of Tyne

May 20, 2020
Last week Scottish and Southern Energy (SSE) and Equinor announced that the Port of Tyne will become the new Operations and Maintenance (O&M) base for the world’s largest offshore wind… >more

Abadi Schedule Faces Delays Due to COVID Concerns

May 12, 2020
from google images The schedule for Inpex’s Abadi LNG project in eastern Indonesia is set to be delayed due to the effects of the coronavirus. One of the key constraints… >more

Adnoc giant announces further delay in sour gas project

May 7, 2020
Due to the Covid-19 pandemic which continues to impact oil and gas projects in the United Arab Emirates, Abu Dhabi’s national oil company (Adnoc) is having to postpone the bidding… >more

House of Lords states IR35 reforms are ‘riddled with problems’

April 28, 2020
In March 2020, the UK government announced they would be postponing changes to IR35 legislation until April 2021. The delay comes as good news for contractors and firms alike during… >more

Peterhead’s New Renewable ‘Village’

April 22, 2020
from google images (pressandjournal.co.uk) Newfield Energy along with the backing of their Chinese investors, are currently in the planning phase to develop the new ‘Holistics Renewable Energy Park’ in Scotland.… >more

OIL ON THE UP – HISTORIC OPEC DEAL HELPS OIL PRICES

April 14, 2020
from google images (cnbc.com) Oil prices have increased to $33 a barrel following a landmark OPEC deal. The OPEC+ alliance initially met on Thursday via video conference. That was followed… >more

Total: a renewable start to the year

March 26, 2020
  from google images (total.com) As the price of oil plummets, French oil and gas giant Total announces further investments in renewable energies. While Total is not completely unfamiliar to… >more

New Projects Gather Momentum as Indonesia Aims to Double Gas Production by 2030

March 10, 2020
  from google images Indonesia is aiming to double its gas production over the next 10 years to 12,300 million cubic feet per day, with hopes of becoming one of… >more

Woodside moving forward with Browse LNG Project

March 3, 2020
image via google images Woodside Petroleum are gearing up to draft a shortlist of yards to compete for the delivery of a pair of floating production, storage and offloading vessels… >more

U.S.-CHINA TRADE DEAL BOOSTS ENERGY MARKET

February 25, 2020
image via google images For the first time this year, oil prices are on an upward trend, partly due to the boost from the U.S.-China Phase One trade deal. This… >more

UK INTERCONNECTOR CAPACITY EXPECTED TO DOUBLE IN YEARS TO FOLLOW

February 18, 2020
via google images Sustainability has been a hot topic over the past year that shows no signs of disappearing from our conversations. In order to achieve the UK government’s target… >more

AI to revolutionise Well operations?

February 13, 2020
image via DNVGL Baker Hughes have teamed up with C3.ai to launch a new AI-based application that allows well operators to view real-time production data, more accurately predict future production… >more

Plastic Fishing for environmental awareness

January 31, 2020
Plastic fishing at Mentor IMC Group.  At Mentor we are committed to continually improving our Environmental Sustainability. We are committed to reducing our carbon emissions by 30% by 2030 while… >more

Equinor reaches FID on Hywind Tampen project

October 24, 2019
Equinor has reached a final investment decision for the Hywind Tampen floating offshore wind development to supply the Snorre and Gullfaks fields, the renewables project will be the first wind… >more

Africa launches largest wind power plant in Kenya

July 23, 2019
In Kenya’s Lake Turkana Wind Power (LTWP), President Uhuru Kenyatta just announced the launch of Africa’s largest wind power farm in a bid to boost electricity generating capacity and to… >more

Deal signed between McDermott and Chiyoda to complete the Cameron LNG project in Louisiana, US

July 18, 2019
McDermott International from the US and its joint venture partner Chiyoda of Japan, have reached an agreement with California based operator, Sempra Energy to cover remaining work on the delayed… >more

Wind is Booming in the US

June 28, 2019
At the end of last year Mentor IMC Group wrote about Vineyard Wind, the first large-scale offshore wind energy project in the US. Vineyard Wind, operated by Iberdrola, will consist… >more

Shell launches rig tender off Brunei

June 28, 2019
Shell has invited drilling contractors to bid for BSP (Brunei Shell Petroleum) job in the Bongot field in Brunei. The drilling campaign in Brunei will cover a firm charter term… >more

Confidence in the outlook for Asia Pacific’s Oil & Gas industry has more than doubled in the past two years.

June 28, 2019
For the past nine years DNV GL, the technical advisor to the oil and gas industry, has produced reports on future trends and confidence in the industry sector. The below… >more

Kongsberg to deliver systems for new built rig ordered by Awilco at Singapore Yard.

June 28, 2019
Norwegian supplier, Kongsberg Maritime has secured a contract to deliver electrical and control systems to a drilling rig being built in Singapore. The drilling rig will be build in the… >more

Semi-submersible drilling rig selected for Indonesia, East Sepinggan production area.

June 28, 2019
A contract has been awarded by Italian energy giant, Eni, to Indonesian company Java Star Rig to supply a sixth-generation semi-submersible drilling rig for upcoming operations. The contract is believed… >more

Mozambique on Track to Become a World Leading Gas Supplier – One Project at a Time.

June 24, 2019
UPDATE: Mozambique LNG Anadarko reached FID on 12.88 million mt/year area 1 Mozambique LNG project. Reaching FID is a signal the construction phase will soon commence. Area 1 is one… >more

Yunlin Offshore Wind Project Achieves Financial Close

June 3, 2019
German offshore wind developer wpd AG achieved financial close at the end of May for its Yunlin Offshore Wind project. The Yunlin Offshore Wind project is located eight kilometers off… >more

Premier eyes Tolmount boost

June 3, 2019
Premier Oil are preparing to start early engineering studies on a potential second platform for its Tolmount gas development in the southern North Sea. Premier Oil are displaying a high… >more

Confident Woodside goes all-in on $8 billion Scarborough FEED

June 3, 2019
Woodside Petroleum has made the decision to proceed into front-end engineering and design (FEED) on a 100 percent basis in its US$8bn Scarborough offshore gas development. Scarborough gas field is… >more

Total signs agreement on $13bn Papau New Guinea LNG project

June 3, 2019
In early April of this year, Total reached an agreement with the government of Papua New Guinea allowing work to begin on a $13bn (£9.9bn) project. This will see the… >more

The Oil&Gas workforce facing trouble to renew itself

April 18, 2019
The oil and gas industry is experiencing an aging workforce and seen gaps in skills from the younger generation of workers. Since the downturn in energy prices, the oil and… >more

Neptune Energy to continue growth in 2019

April 18, 2019
Neptune Energy founded in 2015 and headquartered in London is an independent exploration and production company with a regional focus on the North Sea, North Africa, and Asia Pacific. Last… >more

Modec wins FPSO deal for one of world’s largest deep-water discoveries

March 13, 2019
A contract to design and build and FPSO for one of the world’s largest deep-water oil discoveries has been awarded to Japanese firm Modec. The FPSO is for the SNE… >more

Changes to be expected in UK Offshore Wind Market

March 13, 2019
  Jobs in the North-East of the UK could swell thanks to a new UK Government-pledged deal for the offshore wind industry. The deal will see UK energy minister Claire… >more

Premier Oil return to profitability after a successful 2018

March 13, 2019
Premier Oil recently announced that they have returned to profitability as group production reached record levels for 2018. Production levels for the year rose to 80,500 barrels of oil per… >more

Mero 2 pre-salt development of Brazil

February 28, 2019
Japanese Modec and Netherlands-based SBM Offshore, two of the largest floater companies have gone head-to-head in a Petrobras tender for the supply of a large floating production, storage and offloading… >more

World’s longest pipelines: Natural gas

February 22, 2019
Oil and gas pipelines, one of the most economical modes of transport of crude oil and natural gas, are getting longer as resources slowly lessen and countries grow more reliant… >more

Singapore’s Keppel Offshore & Marine Secures Contracts worth US$218 million

February 4, 2019
Keppel Offshore & Marine (Keppel O&M) is eyeing up an improved outlook as they explore wider horizons. Singapore’s Keppel are looking to take equity in oil and gas production infrastructure.… >more

Vineyard Wind – First large-scale offshore wind energy project

November 29, 2018
Development of the United States first large-scale offshore wind energy project a little under 15 miles off the coast of Massachusetts. The project will generate renewable, clean and cost-competitive energy… >more

US Gulf Cost – Hotspot of US Downstream Business

November 27, 2018
The US Gulf Coast region is the largest refining centre in the United States and approximately half of the country’s refining capacity is in the area. As of February 2017,… >more

1500 jobs to be created at TOTAL’s mega Ethane Cracker and Polyethylene Unit

November 27, 2018
In March 2017 TOTAL announced a US$ 1.7 billion investment to expand Total’s petrochemicals activities in Texas. Partnering with Borealis and NOVA Chemicals, with TOTAL having a 50% stake the… >more

Sasol US Mega Project

November 27, 2018
In 2014 Sasol announced their plans to construct a world-scale petrochemical complex in Southwestern Louisiana. With an expected capital expenditure (CAPEX) of US$11 billion Sasol would triple their chemical production… >more

The US shale gas revolution

November 27, 2018
Shale production has almost doubled in the US since the shale revolution started in 2009 and is expected to increase further supplementing the US Oil & Gas downstream market. The… >more

After a decade of lost competitiveness, the petrochemical industry is re-emerging as a growth industry

November 27, 2018
The US has become the top oil-producing country in the world, due in part to the production of giant oil companies investing heavily. US refineries are producing more fuel than… >more

BP are continuing with the Tigris project – despite its joint venture partner throwing in the towel.

November 23, 2018
BP and Chevron entered a partnership to develop the Tigris project in the deep-water US Gulf of Mexico in 2015. This partnership has now been dissolved as Chevron announced their… >more

TechnipFMC to carry out upgrade on Woodside’s Pluto Platform

November 5, 2018
Pluto Platform The Pluto Liquefied Natural Gas (LNG) Project is located 190km north-west of Karratha, in Western Australia, in the Northern Carnavon Basin and became operational in 2012. The project… >more

Equinor acquires Chevron’s Rosebank stake in West of Shetland development

October 5, 2018
Norwegian operator Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project. Equinor’s executive vice president for global strategy & business development and UK country… >more

Canada LNG is entering construction phase immediately after FID announcement

October 2, 2018
Rendering of the North West side of the LNG Canada. Courtesy LNG Canada (for Claudia Cattaneo story) The LNG Canada project, a joint venture led and operated by Royal Dutch… >more

Oil Prices hit 4-year high

September 25, 2018
Oil prices have hit a four-year high of over $81 (£62) a barrel, up 3% on the day. Some analysts are drawing comparisons to the oil prices in 2008 and… >more

Mozambique on Track to Become a World Leading Gas Supplier – One Project at a Time.

September 11, 2018
Photo: mzlng.com Mozambique are looking to establish the country as a world leader within the LNG sector through heavy investment in multi-scale projects. Foreign energy giants such as ExxonMobil and… >more

ONGC’s Offering Two Tendering Packages for Key Offshore Projects

September 3, 2018
Photo: Bloomberg India’s state-controlled Oil & Natural Gas Corporation has offered two key offshore engineering, procurement and construction contracts for projects off India’s west coast. The two EPC packages are… >more

RENEWABLE ENERGY IN LATIN AMERICA – ATTRACTING THE WORLD’S ENERGY GIANTS

August 24, 2018
Ten years ago, the renewable energy market didn’t really exist in Latin America. Total installations during 2007 in the region amounted to 30MW, to bring total installed capacity up to… >more

A 12 year production ban is lifted in Qatar – These are the projects to watch

August 13, 2018
Natural gas of Qatar’s northeast coast was first discovered in 1971, and no one could have known how important the find would prove itself to be in later years. After… >more

Nine Dash Line and The Blue Whale Project – What Will Happen?

July 27, 2018
Ca Voi Xanh, or the Blue Whale field located in Vietnam has an estimated 150 billion cubic meters of reserves. The project, an offshore pipeline will feed four power plants… >more

The 7$bn Johan Castberg Project Gets Government Approval

June 20, 2018
The Johan Castberg Project gets consent from the Norwegian Government. The Johan Castberg field development project consists of three oil discoveries, Skrugard, Havis and Drivis. The field is located approximately… >more

Green Light for Total Zinia 2 Offshore Angola

June 7, 2018
After a long wait Total have taken a Final Investment Decision (FID) on its Zinia 2 development in Block 17 located 150km offshore Angola. The Zina 2 project is designed… >more

Repsol and Google- an unlikely match for collaboration?

June 5, 2018
Repsol and Google has announced that the two giants will be teaming up to boost oil refinery efficiency. Repsol is hoping to cut cost and boost margins through deploying the… >more

KrisEnergy releases EPCIC Tender for the Apsara Oil Field Project

May 29, 2018
Tender process launched for development of KrisEnergy’s offshore Cambodia Apsara Oil Field Project, drawing interest from all Asian contractors. Independent Singaporean oil company KrisEnergy are finally inviting contractors to tender… >more

Forty Thousand new Oil and Gas Jobs by 2035 in the North Sea Region

May 15, 2018
A new critical study by OPTI and RGU estimates forty thousand new oil and gas jobs by 2035 in the North Sea region … OPITO and Robert Gordon University recently… >more

OTC 2018: 100 offshore projects to be sanctioned this year, Mentor in the front line

May 10, 2018
After visiting this year’s 50th annual OTC in Houston, Texas, Mentor IMC Group has seen an upturn in the Oil & Gas industry, particularly concerning the offshore sector. From 30th… >more

Vito Field Development Reaches FID with a competitive break-even price

May 2, 2018
Shell’s Gulf of Mexico Vito Field Development reaches final investment decision with forecast for profitable oil prices thanks to new simplified design alterations. Energy Operator Giant Royal Dutch Shell PLC… >more

LNG Canada: Fluor and JGC in the lead for US$14 billion EPC contract

April 26, 2018
The LNG Canada project, a joint venture led and operated by Royal Dutch Shell, located in Kitimat, British Columbia, the westernmost province in Canada. LNG Canada: Fluor and JGC in… >more

Chevron receives go-ahead for $5.1 Billion Gorgon Expansion Project

April 18, 2018
Chevron are proceeding to the second stage of the $54 billion Gorgon gas project. Gorgon LNG expansion project is the second part of the Gorgon development plan, which includes the… >more

World’s four leading subsea equipment suppliers to compete in FEED bid for Inpex’s Ichthys phase 2

April 17, 2018
World’s four leading subsea equipment suppliers to compete in FEED bid for Inpex’s Ichthys phase 2 development over the next four to six months. For two years, Japanese operator INPEX… >more

Dominion Energy’s $4billion Cove Point LNG facility has entered commercial service

April 13, 2018
On Tuesday the Richmond-based energy giant, Dominion Energy Inc announced that the Cove Point LNG terminal in Maryland had begun commercial operation. On the 2nd of March the first vessel… >more

Cassia Compression Project moves to FID after FEED was completed in 2017

April 11, 2018
BP & Repsol Cassia Compression brownfield development project expected to reach FID by end of 2018 as Fluor have completed feed activities in 2017. Last year, Texas-based EPC corporation Fluor… >more

Chevron To Relaunch Tender Process for Rosebank

March 29, 2018
Chevron to relaunch tender process for Rosebank production vessel later this year as it advances through feed phase and progresses towards FID. Discovered fourteen years ago 80 miles north-west of… >more

Barossa Development Proposal Approved

March 29, 2018
Barossa Development- first new standalone offshore project proposal in Australia since 2013 Barossa development is a gas and condensate field located in the Timor Sea offshore Australia, in the Bonaparte… >more

The Marjan Project, a $12 billion-dollar opportunity for contractors

March 29, 2018
The Marjan Field- a $12 billion dollar opportunity for contractors The Marjan Development project is predicted to be Saudi Aramco’s largest upstream development project in 2018 and is gaining attention… >more

Greater Tortue Moves to FID

March 28, 2018
McDermott International and GE company Baker Hughes selected for key subsea contracts for BP/Kosmos Energy’s proposed gas field development. UPDATED ON THE 23/04/2018: TechnipFMC awarded FEED contract  for Tortue FPSO.… >more

Shell’s Penguins Redevelopment – What’s the latest?

March 23, 2018
ROYAL DUTCH SHELL PLC’S NORTH SEA PENGUINS FIELD REACHED FINAL INVESTMENT DECISION TO REDEVELOP THE AREA WITH A $1bn INVESTMENT IN JANUARY 2018. First developed in 2002 after its discovery… >more

Catcher FPSO Arrives at Oilfield in The North Sea

October 23, 2017
Commissioning activities have commenced on Premier Oil’s Catcher FPSO ahead of its 7-year contract at the oilfield. The floating production, storage and offloading (FPSO) vessel arrived in Cromarty Firth, in Scotland… >more

Premier Oil’s Catcher FPSO Arrives in the North Sea

October 10, 2017
The Catcher floating production, storage and offloading (FPSO) vessel arrived in Cromarty Firth on 10th October ahead of its 7-year contract at Premier Oil’s Catcher field. Mentor IMC Group, supporting… >more

UK Offshore Wind Hits Record Low Price

September 12, 2017
The price of offshore wind energy to be produced in UK waters hit a record low as the government awards contracts for a new series of offshore wind farms.  … >more

Total Plans Kaombo FPSO Output Start

August 1, 2017
Total has scheduled the dates for first output for its Kaombo FPSO off Angola. Total is set to begin production from one of the two Kaombo floaters in Angola as soon… >more

Floating Offshore Wind – Statoil’s Hywind project

July 24, 2017
Renewable energy technology in Europe has taken a step forward with the turbines of Statoil’s concept Hywind Pilot Park floating offshore wind farm shortly to be towed into position. The… >more

Maersk Resolve heads to Wintershall

July 3, 2017
The Maersk Resolve jack up rig has left Denmark’s Port of Esjberg and is heading for the Winchelsea II well in the UK’s North Sea. Maersk Drilling secured a one-well… >more

Maintenance contract for Petrobras

May 22, 2017
Oil company Petrobras has renewed its contract with Actemium Oil & Gas Belo Horizonte (VINCI Energies International & Systems) for maintenance and minor improvement works at its Mossoro gas extraction… >more

Favourable winds for offshore wind power in Europe

May 19, 2017
Investments in offshore wind power – a sector in which Europe leads the world – reached record levels in 2016. And VINCI Energies is contributing to the accelerating deployment of… >more

Brooklyn residents involved in scheme to sell their own energy

May 19, 2017
Blockchain technology could be as big a revolution as the internet, and the household energy market is right at the forefront of it. The trendy New York neighbourhood of Brooklyn… >more
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