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Transocean Barents suspends operations due to worker’s injury

The Canada-Newfoundland and Labrador Offshore Petroleum Board issued a statement according to which the operations on a Transocean-owned drilling rig operating for Suncor Energy offshore Canada were suspended following the injury of an offshore worker. 

Crane vessel accomplishes a world’s first 15,300 tonnes lift

Heerema’s SSCV Sleipnir, the world’s largest crane vessel, completed a 15,300 tonnes lift, installing the topsides for Noble Energy’s Leviathan development in the Mediterranean, setting a world record, as by lifting a module of 15,300 tonnes was never done by a crane vessel before.

German trains to supply electricity from offshore wind farm

Innogy and RWE Supply & Trading inked a power purchase agreement (PPA) with Deutsche Bahn (German Rail – DB) for the supply of electricity from the Nordsee Ost offshore wind farm. The project will commence in 2024 and will run for five years. 

Worldwide offshore rig count in August declined by 10 units

Baker Hughes, a GE company informs that the worldwide offshore rig count in August 2019 declined by ten units sequentially, but increased by 41 unit year-over-year. The worldwide rig count for August 2019 was 2,206, down 32 from the 2,238 counted in July 2019, and down 72 from the 2,278 counted in August 2018.

Oil majors are not in line with the Paris Agreement

Carbon Tracker highlighted that oil and gas companies are not in line with the Paris climate goals given their projects and the investments. The oil and gas in projects that have already been sanctioned will take the world past 1.5ºC, assuming carbon capture and storage remains sub-scale.

Partners accelerating start-up schedule for Johan Sverdrup

Norwegian oil and gas company Equinor and its partners revealed plans for an earlier production start-up from the Johan Sverdrup, one of the largest oil fields in the Norwegian Continental Shelf. The filed is now to start production in October this year, one month ahead of schedule. 

NGO: Offshore units sold for scrap are increased

The NGO Shipbreaking Platform issued its research report ‘Recycling Outlook: Decommissioning of North Sea Floating Oil & Gas Units’ highlighting an increase in the number of the offshore units sold for scrap.

North Sea M&A deals not creating expected value, Woodmac says

After analyzing 55 cases of Mergers and Acquisitions in the North Sea, energy consultant Wood Mackenzie found that only 18 have made a positive return. Two factors have had the biggest impact on value destruction: asset under-performance (post-deal) and oil and gas price movements.

Norway sees increased interest from exploration companies

Norway’s Ministry of Petroleum and Energy saw an increased exploration interest for the Norwegian Continental Shelf, as it has received a great number of applications from 33 oil companies in the licensing round Awards in Predefined Areas (APA) 2019.

Equinor signs MoU with seven EU countries on CO2 storage development

Equinor signed Memoranda of Understanding with seven European companies to develop value chains in carbon capture and storage. Equinor is collaborating with Shell and Total to find out the possibilities for developing a CO2 storage on the Norwegian continental shelf (NCS). 

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