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Thursday, March 28, 2024
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Dea News

17 Mar 2024

Esgian Week 11 Report: New Discoveries in UK and Namibia

Source: COSL

Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling has emerged as the winner for Petrobras' moored semisubmersible tender with the 4,600-ft Nanhai 8 (also known as Nan Hai Ba Hao).Noble has secured a high-dayrate drillship contract with Prime Energy in the Philippines.Drilling Activity and…

03 Mar 2024

Esgian Week 9 Report: Dolphin, Diamond and Seadrill Updates

© AndSus / Adobe Stock

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract with…

17 Dec 2023

Esgian: Rigs on the Move in Asia and Europe

Source: OMV

This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract for the Transocean Barents will see it operate in the Black Sea, and jackup Shelf Drilling Perseverance will move to Vietnam.ContractsShelf Drilling has secured a contract award for the 400ft Shelf Drilling Perseverance jackup rig with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC).

05 Dec 2023

Drilling Roundup: New Contracts and New Carbon Storage Activity

West Vela courtesy of Seadrill

Esgian has published its Week 48 Rig Market Roundup highlighting that new contract awards were revealed for a Velesto Drilling jackup, two Seadrill drillships and a Dolphin Drilling semisub. Meanwhile, Wintershall Dea is planning to drill a new carbon storage well in Norway.ContractsMalaysia’s Velesto Drilling has agreed on an extension of a contract with Carigali Hess Operating Company for another year and six months.Seadrill has secured a short-term contract for 12,000ft drillship West Vela in the US Gulf of Mexico with QuarterNorth Energy…

30 Oct 2023

Wintershall Dea Extends Viking Princess Vessel Contract

Credit: Alan Jamieson/Flickr - CC BY 2.0 DEED

Oil and gas company Wintershall Dea has declared options to extend the contract for Eidesvik Offshore's supply vessel Viking Princess. The contract extension runs from January 2024 in direct continuation of the current contract, extending the firm period to January 2025.“This extension is a quality mark for the operations and services delivered, and we look forward to continuing our cooperation with Wintershall Dea”, says Gitte Gard Talmo, CEO and president of Eidesvik Offshore ASA.According to Eidesvik Offshore…

20 Sep 2023

German Mukran Floating LNG Terminal Seen Ready by First Quarter - Gascade Head

Illustration only - FSRU - Credit: KKF/AdobeStock

A new floating reception terminal for liquefied natural gas (LNG) off the German Baltic Coast should be operational from the first quarter of 2024, gas pipeline operator Gascade, which is building its onshore connection, said on Wednesday.Located off Mukran on the Baltic Sea island of Ruegen, the terminal will host two floating storage and reception units (FSRUs) for LNG deliveries into the German mainland and for exports to eastern European neighbours, as the region ends reliance on Russian pipeline gas."All things going well…

01 Jun 2023

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Melkøya plant - Image: Ole Jørgen Bratland/Equinor

Norway's Equinor plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. The facility will be unavailable until 2100 GMT on June 8, according to a message posted via the transparency page of Norwegian gas infrastructure operator Gassco. Equinor halted production after it detected a gas leak on a cooling circuit valve. The leak had been plugged late on Wednesday.

05 May 2023

Equinor's Hammerfest LNG Plant Offline after Outage

©The Hammerfest LNG facility (Photo: Einar Aslaksen / Equinor ASA)

Equinor's Hammerfest LNG plant in Arctic Norway suffered a compressor failure on Thursday and is expected to remain offline until May 19, Norwegian gas system company Gassco said in a regulatory note on Friday. The outage was caused by a technical problem with a heat exchanger that occurred during a restart of the plant following a one-day maintenance outage, an Equinor spokesperson said. The plant will remain offline until repairs have been carried out, the spokesperson added.

18 Apr 2023

Norway Parliament Asks for CCS Alternative to Decarbonize Major LNG Plant

Credit: Equinor

Norway's parliament on Tuesday told the government to consider an alternative way to cut carbon emissions at Western Europe's largest liquefied natural gas (LNG) plant, but stopped short of outright halting a controversial plan to use power from land. Oil firm Equinor and partners are seeking approval to replace the use of gas at the plant with power from the national grid, and thus reduce its emissions. The site is one of Norway's largest single emitters of carbon dioxide. In a unanimous vote…

16 Mar 2023

Nord Stream Owners Looking to Seal and Drain Damaged Gas Pipeline to Halt Corrosion

The gas leak at Nord Stream 2 seen from the Danish F-16 interceptor on Bornholm in late September 2022. Photo Danish Defence

Shareholders of the Nord Stream 1 pipeline operator are discussing how to seal and empty the damaged gas pipeline to halt corrosion from sea water, said the chief financial officer of E.ON, one of the owners.The chief financial officer of E.ON, one of the stakeholders, told reporters at the group's results news conference that it was unclear whether the pipeline would be repaired but that any forthcoming decisions are likely to be made with the support of all shareholders."We continue to exercise our rights as a minority shareholder in the Nord Stream 1 operating company.

01 Sep 2023

Wintershall Dea Charters Eidesvik Offshore's Dual-fuel Supply Vessel

After securing a contract for its Viking Princess supply ship with Wintershall DEA on Thursday, Eidesvik Offshore said Friday it had won a deal for the Viking Queen vessel with the same oil company.The contract for the 2008-built Viking Queen is for 12 months, with options for further extensions. The new contract will start in Q2, 2023.According to the Norwegian vessel owner, the 92.3-meter-long Viking Queen is a dual-fuel platform supply vessel also equipped with a battery hybrid system and a shore power system. “We are very pleased to secure this contract for Viking Queen and appreciate Wintershall Dea’s willingness to commit to solutions that are moreenvironmentally friendly.

09 Mar 2023

Eidesvik Offshore's Supply Vessel Secures Charter Extension with Wintershall Dea

Viking Princess - Credit:Alan Jamieson/CC BY 2.0

Oil and gas company Wintershall Dea has declared an option to extend the contract for the supply vessel Viking Princess.The 89,6 meters long vessel, owned by Eidesvik Offshore, will start work under the extension from July 2023 in direct continuation of the current contract. With the latest charter extension, the Viking Princess will stay with Wintershall Dea, until January 2024. Financial details of the extension were not disclosed.According to Eidesvik Offshore, the Viking Princess was the world’s first offshore vessel with a battery hybrid solution replacing a traditional generator set.

07 Mar 2023

New Intelligence Points to Pro-Ukraine Group in Nord Stream Attack

(Photo: Danish Defense)

New intelligence reviewed by U.S. officials suggests that a pro-Ukraine group - likely comprised of Ukrainians or Russians - attacked the Nord Stream gas pipelines in September, but there are no firm conclusions, the New York Times reported on Tuesday.There was no evidence that Ukrainian President Volodymyr Zelenskiy or other Ukrainian government officials were behind the attacks which spewed natural gas into the Baltic Sea, the newspaper reported, citing U.S. officials.Reuters could not independently verify the report.The Sept.

05 Mar 2023

Drug Bust Nets $677 Million of Cocaine from Vessel Off Australia

(Photo: Western Australia Police Force)

A joint U.S. and Australian law enforcement operation busted an international drug ring after intercepting 2.4 tonnes of cocaine aboard a vessel off the coast of South America that had been bound for Australia.The cocaine, linked to a Mexican drug cartel, had a street value of around A$1 billion ($677 million), and was equivalent to half of Australia's estimated annual consumption, making the seizure one of the biggest that Australian police have been involved in.Twelve suspects have been arrested and charged in the case…

02 Jun 2022

Norway's Hammerfest Plant Resumes LNG Production almost Two Years After Fire

The Hammerfest LNG facility
(Photo: Einar Aslaksen / Equinor ASA)

Norway's Hammerfest liquefied natural gas plant has restarted LNG production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.The company last week told Reuters the plant had completed repairs and was preparing to restart output. The plant had been offline since late September of 2020, and a restart was postponed several times while repairs were carried out."This is of great significance in a period when predictable and reliable supplies are highly important to many countries and customers…

27 May 2022

Norway's Hammerfest LNG Plant Resumes Operation After 20-month Outage

(Photo: Ole Jørgen Bratland / Equinor)

Norway’s Hammerfest liquefied natural gas plant has resumed operation as planned and is preparing to restart LNG production, a spokesperson for operator Equinor told Reuters on Friday.The plant has been offline for 20 months following a fire in September of 2020.LNG is made by cooling gas to temperatures that liquefy it, thus allowing large quantities to be transported by ship.“We have resumed operations and started cool down of the plant. We will issue a press release when we have LNG to tank…

16 May 2022

Norway's Hammerfest LNG Plant Extends Outage

The Hammerfest LNG plant at Melkøya. (Photo: Øivind Haug / Equinor ASA)

Norway's Hammerfest LNG plant is now expected to restart on May 23, six days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco and operator Equinor said on Monday."During the weekend, a minor fault was discovered on a compressor that needs to be rectified prior to start-up," Equinor said in a statement. Read full story"The component is now being replaced, and the stepwise process towards operations continues through the week."Europe's only large-scale LNG plant…

02 Mar 2022

Wintershall Dea Writes Off $1.1B Nord Stream 2 financing

File Photo: A vessel connecting pipe sections above water at Nord Stream 2 project in 2019 - Nord Stream 2 / Axel Schmidt

German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of Wintershall Dea said on Wednesday it would no longer be advancing or implementing further projects in Russia and would be stopping payments to Russia immediately.The company, co-owned by BASF and Russian billionaire Mikhail Fridman's investor group LetterOne, said it would remain involved in the existing Yuzhno Russkoye and Achimov natural gas production pr

24 Feb 2022

U.S. Sanctions Nord Stream 2 AG and its CEO

Matthias Warnig, Chief Executive Officer of Nord Stream 2 AG (Image Cropped) / Source © Nord Stream 2  Wolfram Scheible

The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO, Matthias Warnig, add to pressure on the Baltic Sea project that was designed to double the gas flow capacity from Russia to Germany.Europe's most divisive energy project, Nord Stream 2 has not begun operations pending certification by Germany and the European Union.Germany on Tuesday halted the pipeline…

05 Jan 2022

Uniper CEO: Nord Stream 2 Approval Could Come in mid-2022

Credit: Nord Stream 2 (File Photo)

The Nord Stream 2 pipeline, which is to transport Russian gas to Germany, could get approved in the middle of the year, the CEO of one of the project's financial backers told a newspaper.The pipeline, led by Russia's Gazprom, has been completed since September and is waiting for final certification by the German network agency, which has said that no decision would be taken in the first half of 2022.This has burdened diplomatic relations that are already strained by the risk of open conflict between Russia and Ukraine…

24 Dec 2021

Europe Missing Out on Gas with Nord Stream 2 Delay, Russia says

Credit: Nord Stream 2

Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signaled on Friday.Deputy Prime Minister Alexander Novak said European companies that invested in the project, which is awaiting German and EU regulatory approval, would be able to ask for additional gas on top of their long-term contracts via the route."To my mind, European consumers are very interested in the project to start working, while the companies, which participate in it, they could have submitted additional requests as part of lo

29 Oct 2021

'Major' Oilfield Service Firm Books Solstad Offshore's CSV for South America Work

Credit: Normand Samson

Norwegian offshore vessel operator Solstad Offshore has won a contract for its construction support vessel Normand Samson.The CSV Normand Samson was chartered by a major oil service firm for a minimum of 350 days, with the possibility to extend for an additional 150 days, according to the company. Solstad did not say who the client was.The contract will start during Q2 2022. "The vessel will be utilized on a field development project in South America," Solstad Offshore said.Built in 2009, the 121,5 meters long Normand Samson can accommodate 100 people aboard.

10 Sep 2021

Nord Stream 2 Pipeline Completed, Gazprom Says

Credit; Nord Stream 2

Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, completing Moscow's project to increase its gas export capability and bypass Ukraine, but flows have yet to be cleared by regulators.The much-politicized pipeline will double Russia's gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine as a major route for its lucrative gas exports to Europe."The head of the management board…