German oil and gas company Wintershall Dea has set greenhouse gas reduction targets for its production activities (scope 1 + 2 emissions, operated and non-operated upstream activities at equity share basis). The company said Monday it wanted to achieve net zero operations by 2030. In 2019, the company’s operating activities generated around 2.5 million metric... Continue Reading →
BP Agrees $332M Sale of London HQ
BP has agreed to sell its London headquarters for 250 million pounds ($332 million), a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy. BP also agreed to lease 1 St James's Square in central London back from Hong Kong-based property investment company Lifestyle International for... Continue Reading →
Aker Solutions gets maintenance and modifications job from Equinor in Brazil
Oilfield services provider Aker Solutions has won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of four years and includes an option for a two-year extension, Aker Solutions said on Monday. The new contract means an expansion of the more... Continue Reading →
Seadrill boosts backlog with new deals but plans for recycling spree
Offshore drilling contractor Seadrill has added approximately $52 million to its backlog following the end of the third quarter of 2020. Seadrill is also looking to manage its rig count by recycling some of its rigs as it prepares for a prolonged period of low offshore activity and demand. Seadrill said on Friday that the Sevan... Continue Reading →
Noble Energy defers Colombian well plans and Maersk drillship contract
Noble Energy has changed its previously announced contract for the Maersk Drilling-owned drillship Maersk Valiant following a decision not to drill the Colombian offshore well this year. In its fleet status report on Friday, Maersk Drilling said it has agreed with Noble Energy to amend the previously announced contract for the drilling of one well offshore Colombia... Continue Reading →
European Union Eyes Mammoth Expansion of Offshore Wind Farms
The European Union unveiled plans on Thursday to transform its electricity system to rely mostly on renewables within a decade and increase its offshore wind energy capacity 25-fold by 2050. Renewable sources like wind and solar provide roughly a third of EU electricity today, but the EU says that share will need to expand to... Continue Reading →
TGS in Argentina, Brazil Offshore Surveys
Norwegian oil and gas seismic data company TGS has returned to Argentina to complete the previously announced Malvinas 3D Multi-Client offshore survey, and has also announced two new surveys in Brazil. In Argentina, TGS has earlier this week started the Malvinas survey using the BGP Prospector vessel owned by China's BGP. The vessel will acquire approximately... Continue Reading →
Petrobras starts non-binding phase of Carmópolis Cluster
- Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 23, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of eleven onshore production field concessions, with integrated facilities, located in the state of Sergipe, jointly called the Carmópolis Cluster. Potential... Continue Reading →
Halliburton to Set Greenhouse Gas Emission Reduction Targets
Oilfield services provider Halliburton Co said on Thursday it would set greenhouse gas emission reduction targets in line with what the latest climate science outlines is necessary to meet the goals of the Paris Accord. The announcement comes as the global energy industry faces intense pressure from investors worried about the climate impact of fossil... Continue Reading →
Ibama launches standard term of reference for offshore wind energy complexes
The Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) launched the Standard Term of Reference (TR) for Offshore Wind Energy Complexes. This TR brings the scope of what the entrepreneur should present in his study of environmental impact to attest the feasibility of this type of renewable energy enterprise, thus bringing clarity and... Continue Reading →
