Norway: Aker Solutions awarded Asgard B modification contract
04 Mar 2021 (1) contract from Equinor for modifications on the
Åsgard B gas and condensate platform to enable increased production. The scope includes engineering, procurement, construction and installation (EPCI) of new equipment. The work starts immediately and is scheduled to be completed in 2024.
Photo: Øyvind Hagen / Equinor
The floating production platform offshore Norway is connected to subsea installations at several nearby gas and condensate fields. The modifications will enable increased production from the Smørbukk reservoir.
The award follows completion of the front-end engineering and design (FEED) work, and the scope will include installation of systems to accommodate production with both high and low pressure, replacement of reinjection compressors as well as other modifications.
PGS re-activates vessels for the North Sea summer season
04 Mar 2021
PGS is experiencing an increase of seismic acquisition project activity. Based on project awards so far, PGS has started preparations to re-activate
Ramform Vanguard for the summer season, with acquisition expected to commence in April.
In addition, PGS will activate
Sanco Swift to be used as a source vessel for at least three months on awarded projects.
PGS re-activates vessels for the North Sea summer season
JV partner Westmount Energy confirms that the first well on the Canje Block, Bulletwood-1, was safely drilled in 2,846 meters of water by the Stena Carron drillship to its planned target depth of 6,690 meters. The well encountered quality reservoirs but non-commercial hydrocarbons.
UK: Reabold Resources announces partial sale of convertible loan notes in Corallian Energy
03 Mar 2021
Reabold Resources, the investor in upstream oil and gas projects, has announced that, further to the Company s announcements of 22 February 2021 and 24 February 2021, it has initiated the sale of a portion of the convertible loan notes (the CLN ) in
Corallian Energy with a principal value of
£500,000, to a group of strategic investors, in exchange for cash proceeds of £500,000. Reabold will retain £500,000 principal value of the CLN.
The strategic investors have indicated their support of an initial public offering ( IPO ), reverse takeover ( RTO ) or similar for Corallian, which is in line with Reabold s strategy of clearly identifying monetisation opportunities across its portfolio. The strategic investors have also signalled their intention to support Reabold in facilitating further potential strategic value creation opportunities across the wider Reabold portfolio.
bp has announced that Peter Mather, bp’s UK head of country and senior vice president for Europe, will leave the company at the end of the year. He will be replaced by Louise Kingham OBE, CEO of the Energy Institute for more than 20 years, who will join bp in May.