Agr News

The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role in helping several states and U.S. President Joe Biden meet goals to decarbonize the power grid and combat climate change.But progress slowed in 2023 after offshore developers canceled contracts to sell power in Massachusetts, Connecticut and New Jersey…

A public-private partnership will aim to establish Salem Harbor as the Massachusetts’ second major offshore wind port.Vineyard Wind, set to be the first ever commercial scale offshore wind farm in the U.S., will work with Crowley Maritime Corporation and the City of Salem for the project.The agreement, part of the “Commonwealth Wind” proposal, is contingent upon the company winning an award by the State of Massachusetts, which is currently evaluating offshore wind procurement bids.Earlier this month…

The Biden administration is considering ways to ensure the U.S. commercial fishing industry is paid for any losses it incurs from the planned expansion of offshore wind power in the Atlantic Ocean, according to state and federal officials involved in the matter, [Reuters reported in an exclusive on Thursday.]Discussions between state and federal officials, which participants described as being at a very early stage, are aimed at addressing the top threat to President Joe Biden's…

The Biden administration on Friday said it was seeking buyers for offshore wind energy leases in the shallow waters between Long Island and New Jersey as part of its effort to ramp up the share of offshore wind generation over the next decade.In a statement, the U.S. Department of the Interior said the proposed sale for offshore wind development on the Outer Continental shelf in the New York Bight has "the potential to unlock over 7 gigawatts of offshore wind energy, powering…

MMA Offshore, the provider of marine solutions and expertise to the offshore oil and gas industry, has been awarded a number of new contract awards and extensions.AGR Australia has awarded MMA a two-vessel contract supporting the Noble Tom Prosser Rig as part of the Victorian government’s CarbonNet Project, said the Australian company.The contract is expected to start late this month with a duration of about 45 days, the owner and operator of 30+ offshore supply vessels said.Esso Australia Pty Ltd has awarded MMA a three-vessel contract, also supporting the Noble Tom Prosser Rig and commencing in direct continuation of the AGR contract.

Norwegian offshore oil and gas consultancy and services companies First Geo (owned by Akastor), and AGR Bidco are set to merge."Akastor AS (Akastor), has entered into agreements with Silverfleet Capital, DNB Bank ASA and Nordea Bank Abp, filial i Norge (together the AGR stakeholders) to combine AGR Bidco AS (AGR) with First Geo AS," said a press statement.The Transaction will be carried out primarily as an asset deal, whereby assets in the current AGR legal structure and three legal entities will, together with First Geo, be transferred to a new legal structure, which in turn will be transferred to Akastor to establish the merged company.The merged company will be named AGR. Akastor will hold 100% of the shares in the company and 55% of the economic interest.

DNV GL will add a new third party software solution to Veracity, its open industry data platform, that is based on cleaned data collected from 80 000 oil and gas wells. AGR, the leading well design and drilling project management firm, has agreed to host its iQx software on the platform, which contains information that is vital to companies selecting locations of wells. Users, such as drilling engineers, can access information on numerous metrics including geology and bit performance, enabling them to make smarter and more efficient operational decisions. AGR has drilled more than 500 wells and developed the solution in reaction to the inefficiencies created by the lack of standardized, high quality information on comparable wells.

TAQA Bratani has awarded Solstad Farstad ASA a contract for the Platform Supply Vessel PSV Far Spica (2013, PSV 08 CD Design). The contract is the duration of TAQA’s mobile drilling Campaign in the UK Sector, which is approx. 18 Months,   with expected commencement in Q1 2018. Far Spica is currently trading the North Sea Spot Market. AGR Well Management Limited has awarded SOFF a contract for the PSV Normand Aurora (2005, P105 Design). The contract duration is for 1 well firm + 1 well options supporting West Hercules in the UK Sector and the commencement is expected to take place March 2018. The firm period has an estimated duration of 75 days. Normand Aurora is currently trading the North Sea Spot Market.

A ship carrying corn was scheduled to leave Brazil for the United States on Monday, three shipping agents said, as a strong dollar and plentiful South American supply makes importing corn attractive to U.S. buyers. The ship owned by Bunge Ltd, carrying 54,000 tonnes of corn, was scheduled to depart Itacoatiara Port on the Amazon river, data from Williams Shipping agents and Brazil-based Cargonave showed. A third source, who declined to be named, said the cargo was bound for the port of Wilmington, in North Carolina. Bunge did not respond to a request for comment. The sale reflects the increasing competitiveness of grains from Brazil, which has drastically increased output over the past decade and more recently has improved shipping logistics. Brazil, the world's No.

Bibby Offshore Holdings Limited, [the subsea services provider to the oil & gas industry, is pleased to announce its continued international expansion with the opening of an office in Stravanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier. Bibby Offshore has a leading subsea services position in the UK North Sea and the opening of the office in Norway further increases the Company’s growing international presence. The Company is current participating in a number of tenders in the Norwegian Continental Shelf (“NCS” or the “Region”) and is focusing on expanding its existing services to offshore operators in the Region, benefiting from the depth of relationship that Bibby Offshore already has with the UKCS divisions of many operators.

Decom North Sea (DNS), the offshore oil and gas decommissioning forum will feature three major oil services companies at the latest of its lunch and learn events which allows supply chain companies the opportunity to present their offshore decommissioning capabilities to operators and major contractors. The event is in Aberdeen on Wednesday June 13, and will include presentations from Halliburton, AGR Subsea and BIS Inspection. DNS chief executive Brian Nixon said: “Our previous lunch and learn events have proven to be very successful…

Environmental waste management contractor TWMA has won its first offshore service contract in West Africa, signifying its intention to expand its business in this important region. The contract was awarded by AGR Petroleum Services and is worth around $1.6m over six months. It covers supply, installation and operation of an integrated drilling waste management solution. TWMA will provide a range of solids control technologies to AGR for its drilling campaign in the Hyperdynamics' concession offshore the Republic of Guinea.

AGR Petroleum Services today signed a drilling contract, on behalf of Hyperdynamics Corporation (NYSE Amex: HDY), with Jasper Drilling Private Limited of Singapore to contract the drill ship Jasper Explorer for drilling in Hyperdynamics' concession offshore the Republic of Guinea. The Jasper Explorer is a modern Pelican Class self-propelled drill ship capable of operating in water depths up to 5,000 feet. "The conclusion of a drilling contract with Jasper Drilling Private Limited is a crucial step in preparations for our drilling campaign.

HOUSTON, May 9, 2011 /PRNewswire/ -- Hyperdynamics Corporation (NYSE Amex: HDY) announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics' concession offshore the Republic of Guinea.  The letter of intent has been extended until May 20, 2011 in order to provide sufficient time for the parties to finalize negotiations of the contract terms. Source: http://www.hyperdynamics.com