Podcast
OGV Energy Newsbytes
Hosted by Kenny Dooley · EN
Get all the latest news updates on the energy sector
10episodes
Episodes
Newest firstAll episodes
Oil and gas discovery in the North Sea (35/10-13 S)
Sep 24, 202400:06:54Tap to summarizeEquinor and its partner DNO have made an oil and gas discovery in the northern part of the North Sea.Wildcat well (35/10-13 S) was drilled in production licence 827 SB from the Awards in predefined areas (APA) in 2022. The well was drilled using the Deepsea Atlantic rig.The primary objective of the drilling was in the “Angel” prospect. Preliminary estimates indicate the discovery is between 0.1-0.5 million Sm3 of recoverable oil equivalent, which is not profitable given current price assumptions.Another objective for the well was to delineate the 35/10-9 (Heisenberg) discovery. Here, oil was proven which confirms the discovery size of 3.8-8.9 million standard cubic metres of recoverable oil, corresponding to 24-56 million barrels.The exploration well is a continuation of the work in the area. Production licence 827 S was awarded in...Read the full article here
Transcribe →
Interocean Announces Groundbreaking Ghanian Floating Dock Facility
Sep 24, 202400:03:14Tap to summarizeSpecialist provider of offshore support services, Interocean Marine Services (Interocean), has announced it is supporting a groundbreaking floating dock ship project in Ghana, Africa.In partnership with Prime Meridian Docks Ghana, this major initiative involves the building and operation of a floating dock ship repair facility at the port of Takoradi.This promising project, nicknamed ‘Project Shiprite’, represents a significant step forward for the maritime industry in the Gulf of Guinea. With a total capital requirement of $137million, the project has already secured full financial backing, ensuring its successful completion.When finished, Project Shiprite will feature a state-of-the-art 13,500-tonne lift-capacity floating dry dock, 18,000 square meters of reclaimed land, a 200-meter jetty, modern workshops, offices, and...Read the full article here
Transcribe →
Equinor Has Suppliers Secured for $9 Billion Brazil Gas Project
Sep 24, 202400:04:03Tap to summarizeEquinor ASA has signed “all major contracts” to build a major natural gas development off the coast of Brazil that is expected to start production in 2028, Chief Executive Officer Anders Opedal said Monday.The Norwegian oil major has secured suppliers to build a floating production vessel, drill production wells and install sea-bed infrastructure such as a pipeline, Opedal told reporters on the sidelines of an oil conference in Rio de Janeiro. Valaris Ltd earlier this year won a $498 million contract to drill wells for the the project, known as Raia. The project will cost an estimated $9 billion and could supply 15% of Brazilian gas demand when it comes online.Raia is part of Brazil’s efforts to increase domestic gas supplies and bring down prices for industrial and residential consumers. In addition to producing from offshore fields, Brazil is looking to...Read the full article here
Transcribe →
Arcadis and COMET announce partnership to enhance EHS&S solutions for improved risk management
Sep 23, 202400:04:36Tap to summarizeArcadis, a leading global design and consultancy organisation for natural and built assets, announces a partnership with COMET, a leading provider of risk control and assurance software. The combined strength of the partnership aims to enhance EHS&S risk management across a global client base. In a landscape where many organisations struggle to optimise digital EHS&S solutions for resolving risks and enhancing organisational performance, Arcadis and COMET are ready to address this. By combining COMET’s intelligent, data-driven suite of analysis, audit, and investigation software, and Arcadis’s digitally enabled EHS&S expertise and services, the partnership will enable a wide-ranging client base to shine a light on past, present, and future risks – all integrated into their existing EHS&S landscape. Placing a strong emphasis on people, data-driven software, and artificial intelligence, this partnership will promote better audits, investigations and root cause analysis to isolate and address systemic issues that...Read the full article here
Transcribe →
EthosEnergy Awarded Exclusive MSA by EDF
Sep 23, 202400:05:16Tap to summarizeEthosEnergy, which specialises in services and solutions for rotating equipment in the energy and industrial sectors, has been awarded an exclusive three-year master service agreement (MSA) by major electricity provider, EDF, for the maintenance of 20 heavy duty gas turbines (HDGTs) across France and its overseas territories.The MSA, which includes an option to extend for a further three years, will see the company repair capital parts, supply spare parts and provide turnkey on-site services to EDF’s fleet of gas turbines, to unlock value through increased efficiencies.EthosEnergy’s local team in the region will service this MSA, which will enable enhanced communication and close collaboration between the two companies.Mario Cincotta, East Hemisphere EVP at EthosEnergy, said:“As an independent service provider, we are dedicated to...Read the full article here
Transcribe →
Orsted bags 55MW Irish solar contract
Sep 23, 202400:04:57Tap to summarizeOrsted has secured a contract for a 55MW solar project in the Irish Government’s fourth onshore Renewable Electricity Support Scheme (RESS 4).The solar farm will be built in Ballinrea, located between Carrigaline and Cork City.Average prices for solar in the RESS 4 auction were €104.76 per MWh.Orsted has a total of 24 advanced or operational onshore wind and solar projects in Ireland, including two projects that were cleared in 2023 in RESS 3.TJ Hunter, Director Ireland & UK at Orsted, said: “We are delighted to get approval for Ballinrea Solar Farm as part of...Read the full article here
Transcribe →
3t expands global footprint with acquisition of Middle East’s largest energy training business, GTSC
Sep 23, 202400:08:24Tap to summarize3t, the UK-headquartered leader in the provision of training for safety-critical industries, has today announced it will make its seventh acquisition with the purchase of GTSC, the largest energy training business in the Middle East, bolstering its presence across the region in Saudi Arabia, the United Arab Emirates and Egypt. 3t has acquired GTSC from Al Mansoori Specialized Engineering. The acquisition sees over 100 GTSC employees and several purpose-built training facilities become part of 3t. Founded in 1993, GTSC has trained almost one million people in the Middle Eastern energy sector and has unrivalled regional facilities and heritage. The company boasts an extensive array of industry-accredited technical, offshore survival, HSE, firefighting and road safety training courses.3t is backed by specialist private equity firm, Bluewater, whose value creation model has helped drive the company’s ambitious growth strategy which is centred on internationalisation and market diversity with...Read the full article here
Transcribe →
Apollo partners with bp in Trans Adriatic Pipeline
Sep 23, 202400:05:54Tap to summarizebp and Apollo today announce an agreement for Apollo-managed funds (the “Apollo Funds”) to purchase a non-controlling stake in bp Pipelines TAP Limited, the bp subsidiary that holds a 20% share in Trans Adriatic Pipeline AG (TAP) in a transaction valued at approximately $1 billion. Upon completion, bp will remain the controlling shareholder of bp Pipelines TAP Limited.“We are very pleased to come together with Apollo on this key piece of Europe’s energy infrastructure. Importantly, while bringing in a new investor, this does not diminish bp’s role in a strategic asset for our Azerbaijan gas business. We see great potential in building innovative arrangements such as this and look forward to continuing to explore further opportunities with Apollo through growing this collaborative relationship.” William Lin, bp EVP gas and low carbon energyTrans Adriatic Pipeline AG is the owner and operator of a key infrastructure asset for meeting European energy demand - the final 880-kilometre leg of the Southern Gas Corridor pipeline system that transports natural gas from the bp-operated Shah Deniz gas field in the Azerbaijan sector of the Caspian Sea to markets in Europe such as Greece and Italy.bp and Apollo will also look to partner on additional investment opportunities, including potential co-operation in both gas and low carbon energy assets, and infrastructure.William Lin, bp EVP gas and low carbon energy: “We are very pleased to come together with Apollo on this key piece of Europe’s energy infrastructure. Importantly, while bringing in a new investor, this does not diminish bp’s role in a strategic asset for our Azerbaijan gas business. We see great potential in building innovative arrangements such as this and look forward to continuing to explore further opportunities with Apollo through growing this collaborative relationship.”Skardon Baker, Apollo Partner: “We are pleased to partner with bp on an agreement that will provide our investors with long-term exposure to an industry-leading infrastructure asset with...Read the full article here
Transcribe →
Students to prepare for world of work through AFBE-UK Scotland programme
Sep 23, 202400:09:32Tap to summarizeScottish STEM students and graduates are being given the opportunity to take part in a programme helping to prepare them for the world of work.AFBE-UK Scotland, which supports under-represented groups, is holding Transition events in Edinburgh, Aberdeen and Glasgow.The Transition programme was launched in 2012 to help provide an avenue for job applicants of minority groups in the science, technology, engineering and maths (STEM) sector.The events - hosted and graded by industry professionals - involve a series of activities such as CV review, mock interview and assessment centre to help identify the potential stumbling blocks during an application process.The programme has received hugely positive reviews in the past, with many participants grateful for the ability to receive feedback on their performance, helping them prepare for...Read the full article here
Transcribe →
TotalEnergies commences gas production from Fenix field
Sep 23, 202400:04:04Tap to summarizeSituated 60km off the coast of Tierra del Fuego, the Fenix field is a part of the Cuenca Marina Austral 1 concession. TotalEnergies has announced the commencement of gas production from the Fenix gas field, offshore Argentina.Situated 60km off the coast of Tierra del Fuego in Southern Argentina, the Fenix field is a part of the Cuenca Marina Austral 1 (CMA-1) concession. TotalEnergies holds a 37.5% operated interest in the field, while Harbour Energy and Pan American Energy hold 37.5% and 25% stake as partners. The field has a production capacity of ten million cubic meters of gas per day, equivalent to 70,000 barrels of oil equivalent per day (boepd). The Fenix project includes a new unmanned platform in 70 metres of water, connected to the existing CMA-1 facilities.From there, it is treated onshore at the Río Cullen and Cañadon Alfa facilities, which is also operated by TotalEnergies. TotalEnergies senior vice president Americas for Exploration & Production, Javier Rielo said: “The start-up of Fenix production safely and ahead of schedule, only two years after FID, demonstrates the capacity of our Company to deliver its projects. “Fenix will contribute to maintaining our gas production plateau in Tierra del Fuego and ensure a reliable supply to the Argentinean gas market. With its low break-even and low carbon intensity, Fenix perfectly matches the...Read the full article here
Transcribe →