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2 July 2020
Equinor – Åsgard C – consent for extended producing life
Equinor Energy (Equinor) have been given consent to extend the producing life of Åsgard C. The consent applies to the operation of Åsgard C until 30 September 2028. Åsgard C is an FSO (Floating Storage and Offloading unit) used to store condensate produced by Åsgard and the Kristin/Tyrihans fields at…
2 July 2020
Update on proposed acquisitions and creditor agreements
Premier is pleased to announce that the Group’s creditors have approved the acquisition of the Andrew Area and Shearwater assets (together, the “BP acquisitions”) under the amended terms. The BP Acquisitions remain conditional on finalisation of the sale and purchase agreement, the refinancing of Premier’s existing credit facilities, equity funding…
2 July 2020
Neptune Energy awards remote monitoring contract to Fugro
Neptune Energy today announced the award of a subsea inspection contract to leading geo-data specialist, Fugro, which will employ state-of-the-art remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea. Fugro’s scope of work includes inspection of subsea infrastructure including pipelines and…
2 July 2020
Oceaneering Awarded Significant Inspection Services Scope in Angola from CABGOC
Oceaneering International, Inc. (Oceaneering) has announced that its Asset Integrity group has secured a three-year contract with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary. Oceaneering will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2…
2 July 2020
Eni: New gas discovery in the Mediterranean Sea offshore Egypt
Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called…
2 July 2020
Subsea 7 awarded contract in the Gulf of Mexico
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract for work in the Gulf of Mexico. The contract will be recorded in backlog in the second quarter. The scope of work includes engineering, procurement, construction and installation of subsea pipelines, and transport and…
1 July 2020
Petrobras on production record in Búzios
Petrobras reports that the platforms (P74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on the 27th of this month, of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boed). The Búzios field,…
1 July 2020
LLOG Exploration Announces the Sanctioning of its Taggart Discovery & the Finalizing of Plans for Development via the Devils Tower Spar
LLOG Exploration Offshore, L.L.C. (“LLOG” or “the Company”), a privately-owned exploration and production company focused on the deepwater Gulf of Mexico (“GOM”), today announced the sanctioning of its Taggart discovery and the signing of a production handling agreement for development via tieback to the Williams-owned Devils Tower Spar in Mississippi…
1 July 2020
Trendsetter Wins Subsea Connection System Contract For King's Quay Development
Houston, TX – Trendsetter Engineering Inc. is pleased to announce the contract award from Subsea 7 for Murphy Exploration and Production Company’s King’s Quay Development. The scope of supply is comprised of more than 40 connectors spanning Trendsetter’s TC2, TC7, and TC16 products and are to be used in gas…
1 July 2020
Shearwater announces new awards and successful launch of deep-water OBN operations.
Shearwater GeoServices Holding AS (Shearwater) today provided a business update. Award of project from Oil India including 3D scope of 1,5 month starting in Q3 Award of 6-month project by CGG in Brazil Successful launch of deep-water OBN operations Strong H1 utilisation and effective COVID-19 management Completion of Shearwater’s first…
1 July 2020
25th licensing round – announcement on public consultation
The Ministry of Petroleum and Energy proposes announcing nine area in the 25th licensing round. The proposal was submitted for public consultation on 24 June 2020.More
1 July 2020
Subsea 7 awarded contract offshore Norway
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract by Aker BP for the Hod Field Development Project, located 12 km from the Valhall area in the southern part of the North Sea. The re-development concept includes a new Wellhead platform (Hod B)…
1 July 2020
"AOD II" Jack-Up Rig Suspended From Operations Due To Change In Drilling Program
Mermaid Maritime Public Company Limited (“Company”) wishes to announce that the jackup drilling rig ‘AOD II’ owned by its associate Asia Offshore Drilling Limited (“AOD”) has temporarily suspended operations in the Middle East. This is a result of a notice of suspension from its ultimate customer, a reputable national oil…
1 July 2020
Mermaid Launches New Offshore Transportation, Installation and Decommissioning Business Unit
New business unit’s immediate target is potential work opportunities in the Gulf of Thailand with emphasis on delivering international service excellence using qualified local content. Mermaid Maritime Public Company Limited (the “Company”) is pleased to announce that its wholly owned subsidiary Mermaid Subsea Services (Thailand) Ltd. (“MSST”) has established an…
1 July 2020
Kvaerner awarded large platform recycling job
Kvaerner has been awarded by Allseas a contract to dismantle and recycle three large topsides, three jackets and four bridges from the Valhall and Hod fields, with a combined weight of 33 000 tonnes, as well as options for another 5 000 tonnes. The assignment will at peak provide work…
30 June 2020
Energean plc - Edison E&P Transaction Factsheet
Energean entered into a conditional sale and purchase agreement to acquire Edison E&P from Edison S.p.A. for $750 million on the 4 July 2019. Since then, both parties have agreed several amendments to the deal. Key new developments confirmed today: Significant reductions to consideration, net consideration now expected to be…
30 June 2020
PGS and ION Announce Global 2D Exploration Collaboration
PGS and ION Geophysical Corporation today announced an agreement to collaborate globally on 2D exploration data. Both companies have modern, high-quality MultiClient data libraries that together cover all the significant hydrocarbon provinces around the world. The new joint data library will comprise nearly a million line kilometres of uniquely complementary…
30 June 2020
Atteris Strikes El Dorado
Engineering services provider Atteris is pleased to announce that Australian energy company Santos has awarded it the subsea, umbilical, risers and flowline pre-FEED for the Dorado project field development. The Dorado field is located within the Bedout Sub-basin, some 150 km north of Port Hedland, Western Australia, in a water…
30 June 2020
Peterson secures contract extension for Shell support from Lowestoft base
Leading international energy logistics provider Peterson has agreed on a contract extension with Shell to provide quayside, warehousing and transport services from Peterson’s Lowestoft base. Peterson has supported Shell from the east coast of England since 2015 and the new contract will help secure jobs in the local area as…
30 June 2020
SeaBird Exploration Plc: General update
Seabird Exploration Plc (“The Company”) has been awarded an OBN source contract in the North Sea with mobilization in July. It is a short duration contract where the Company will use the Eagle Explorer. The next planned work for the Eagle Explorer is a source job in South America announced…
30 June 2020
Maersk Drilling awarded one-well exploration contract by PETRONAS
Maersk Drilling has secured a contract for the semi-submersible rig Mærsk Developer which will be employed by PETRONAS Suriname Exploration & Production B.V. for a one-well exploration campaign in Block 52 offshore Suriname. The contract is expected to commence in Q3/Q4 2020, with an estimated duration of 75 days. The…
30 June 2020
Aker Solutions Secures Maintenance and Modifications Work for Aker BP
Aker Solutions has signed a two-year contract extension for maintenance and modifications for Aker BP's Ula, Skarv, Valhall and Tambar fields offshore Norway. Work under the contract will start from December 1, 2020 and follows the existing contract with Aker BP where Aker Solutions and Aker BP work under a…
30 June 2020
CNOOC Limited Announces a Significant Discovery of Huizhou 26-6 in Eastern South China Sea
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin.…
29 June 2020
UK Oil & Gas PLC ("UKOG" or the "Company") Environment Agency Grants Permit for Loxley Portland Gas Appraisal Project
Environment Agency Grants Permit for Loxley Portland Gas Appraisal Project UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Environment Agency ("EA") has issued UKOG with the necessary permit to drill and test the proposed Loxley-1 Portland gas appraisal well. The permit covers all environmental…
29 June 2020
CDWE Reaches Final Investment Decision And Orders Pioneering Offshore Wind Installation Vessel ‘Green Jade’
Following the signing of the early works agreement in April 2020, CSBC-DEME Wind Engineering (CDWE) has now taken the Final Investment Decision (FID) for the construction of ‘Green Jade’, which is the first floating DP3 heavy lift and installation vessel to be built in Taiwan. ‘Green Jade’ will feature an…
29 June 2020
Ocean Power Technologies Launches hybrid PowerBuoy®
Ocean Power Technologies very excited to announce the launch of there newest product, the hybrid PowerBuoy®! Easily deployable and outfitted with multiple power sources the hybrid PowerBuoy® power and communications platform is ready for use. Ideal for shorter-term missions, the hybrid PowerBuoy® is suitable for a variety of marine solutions. The hybrid…
29 June 2020
LOC Qatar Awarded Master Service Agreement by Seafox Qatar LLC
LOC Group, the premier international marine and engineering consulting firm, is pleased to announce that it has been awarded a Master Service Agreement by Seafox Qatar LLC, a leading global provider of offshore jack-up support units for oil & gas, wind and related operations. Under the agreement, LOC will provide…
29 June 2020
Repsol – Rev – consent for life extension
Petroleum Safety Authority Norway have given Repsol Norge (Repsol) consent for life extension of the Rev field.The Rev field is part of production licence 038 C, for which Repsol is the operator. This production licence was previously valid until 1 April 2021, but has now been extended to 31 December 2023.On…
29 June 2020
Pipeline option far cheaper than LNG alternative for moving Norway’s Arctic gas volumes
A Rystad Energy cost analysis of the Norwegian pipeline operator Gassco’s proposed options to export the country’s Arctic natural gas resources, shows that the expansion of Norway’s pipeline infrastructure is a more viable solution compared to boosting the capacity of the existing Hammerfest liquefied natural gas (LNG) plant. However, at…
29 June 2020
Almost half of Norwegian petroleum production will soon be run on power from shore
The companies are considering multiple electrification projects that could reduce emissions considerably. Today, eight fields on the Norwegian shelf receive power from the Norwegian power grid. Decisions have also been made to supply another eight fields with power in this manner. This means that total CO2 emissions will be about…
29 June 2020
Brazil: Production Ramp-Up on Iara with the Start-Up of the Second FPSO
Total and its partners announce the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), located in the deepwater Santos Basin pre-salt offshore Brazil. With a productive capacity of 150,000 barrels of oil per day, this new unit double the overall production capacity…
26 June 2020
Multiphase Hydrocarbons Indicated on First 3D Data from Labrador Sea
The PGS / TGS joint venture’s Torngat survey delivers the first full integrity 3D seismic data for offshore Labrador. Final results are now available for assessments ahead of the 2021 Call for Bids. The Torngat survey, acquired over Chidley Basin in 2019, utilizes GeoStreamer technology to image listric fault systems.…
26 June 2020
Repsol Sinopec Submits Draft programmes for Fulmar & Auk North
Repsol Sinopec has Submitted Draft programmes for Fulmar & Auk North fields for Preparation Work Scopes to the UK authorities.More
26 June 2020
Saab Seaeye: Four Leopards for Brazil in major order
Four Saab Seaeye Leopard work vehicles have been ordered by Belov Engenharia for Petrobras operations in Brazil. The Four Leopards will be deployed from Belov’s DSV fleet. “The Leopard was chosen for its compact size to power ratio,” says Belov’s Director of Operations, André Weber Carneiro. “We like the quality…
26 June 2020
Petrobras starts production in Atapu pre-sal
Petróleo Brasileiro S.A. – Petrobras reports that it started today the production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of the Santos Basin pre-salt, near the Búzios field. The Atapu shared deposit, which comprises the fields Oeste de Atapu,…
26 June 2020
Construction of ice-resistant platform for Gazprom’s field on Arctic shelf begins in Astrakhan
Platform to be operated in extreme climate conditions. Several Russian shipbuilding centers engaged in construction process. Cutting-edge solutions for industrial and environmental safety. A foundation-laying ceremony for an ice-resistant platform (ICP) of Gazprom, which will be used in the development of the Kamennomysskoye-Sea field, took place today at the shipyard…
26 June 2020
Latest Platform Arrival ‘Shows Again we are a World Leader’
The arrival today at Able Seaton Port of another giant oil and gas platform was heralded as ‘a further example of how we are a world leader in an industry which can bring jobs and investment into Teesside for many years to come’ Peter Stephenson, founder and Executive Chairman of…
26 June 2020
Dril-Quip and Proserv Group Announce Strategic Agreement
Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) and Proserv Group (“Proserv”) today announced an agreement pursuant to which Dril-Quip will rely upon Proserv for the development and manufacturing of its subsea control systems as a supplier. The mutually beneficial arrangement allows Dril-Quip to continue to support its existing subsea…
26 June 2020
Energean plc (“Energean” or the “Company”) Karish pipe laying and subsea systems installation completed Karish Development c. 80% physically completed
Energean plc (LSE: ENOG, TASE: אנאג ,(the oil and gas producer focused on the Mediterranean, is pleased to announce the completion of a key milestone in the Karish and Tanin Development project, offshore Israel. Karish Pipe Laying Energean’s partner, TechnipFMC, has successfully completed on time the laying of the Gas…
26 June 2020
Solo Oil plc ("Solo" or "the Company") Corporate Update
Solo (AIM: SOLO), the AIM investing company targeting attractive production and development opportunities within the European gas market, announces that in light of the unprecedented practical challenges presented by COVID-19, which have constrained outsourced finance functions and auditors, the Board has taken the decision to apply for a delay in…
25 June 2020
MDL supports Ocean Installer on Balder decom
MDL SURF equipment, project engineering team and expert offshore personnel facilitated the recovery of risers and umbilicals on the Balder FPSO, as part of the redevelopment programme on the Norwegian North Sea field. The work scope was carried out in two stages: in Q4 2019 and Q2 2020, utilising two…
25 June 2020
Vyacheslav Tikhonov: Notice Of Redelivery Withdrawn
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) refers to its announcement dated 14 January 2020 regarding the scheduled redelivery of “Vyacheslav Tikhonov” (the “Vessel”). The Vessel has completed the earlier referenced project in Asia. In light of further project opportunities, the charterers, Sovcomflot, have withdrawn their notice of redelivery.…
25 June 2020
FAR signs new Joint Operating Agreements for Gambian asset
FAR Gambia Ltd, a wholly owned subsidiary of FAR Ltd (ASX: FAR), has signed new Joint Operating Agreements (“JOA’s”) in respect of the A2 and A5 Blocks in The Republic of The Gambia, with PC Gambia Ltd (a subsidiary of Petroliam Nasional Berhad, “PETRONAS”). This follows the granting of new…
25 June 2020
Neptune Energy completes safe removal of three Dutch platforms
Neptune Energy today announced the safe removal of the L10-C, L10-D and L10-G platforms from the Dutch sector of the North Sea. The platforms have been providing offshore natural gas to the Netherlands for around 40 years and ceased production in 2016. More than 3,400 tonnes of steel – around…
25 June 2020
Cluff Natural Resources Plc (‘CLNR’, ‘Cluff’ or ‘the Company’) Change of Name to Deltic Energy Plc AIM Rule 26 Website Change
Further to the Company's announcement of 4 June 2020, Cluff Natural Resources Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focus on the Southern and Central North Sea, is pleased to announce that the Company’s change of name has been effected by Companies…
25 June 2020
Drilling permit for wells 6607/12-4 and 6607/12-4 A in production licence 127 C
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wells 6607/12-4 and 6607/12-4 A cf. Section 15 of the Resource Management Regulations. Wells 6607/12-4 and 6607/12-4 A will be drilled from the Deepsea Nordkapp drilling facility in position 66 3`39.74 N and 7 59`5.82 E. The…
25 June 2020
Planning redevelopment of the Hod field
On behalf of the licensees, operator Aker BP has submitted a Plan for Development and Operation (PDO) for a redevelopment of the Hod field in the Valhall area in the North Sea. The field was in production via a dedicated unstaffed wellhead platform, remote-controlled from Valhall, from 1990 until it…
25 June 2020
Cortez Subsea Wins Five Year Contract
Cortez has clinched a five-year deal to provide a subsea inspection management system (SIMS) offshore Malaysia. The contract with Repsol Oil and Gas in Malaysia is worth a six-figure sum and will be delivered from our office in Kuala Lumpur in close partnership with our sister company MCS. General Manager…
25 June 2020
DeepOcean awarded contract from Repsol - Yme Beta North
DeepOcean AS, (DeepOcean), has been awarded an EPCI contract for performing marine operations in connection with Repsol’s tieback of YME Beta North reservoir to existing facilities. The award to DeepOcean covers project management, engineering, construction and offshore installation activities. The offshore work includes marine operations for installation and tie-in of…
25 June 2020
Aker Solutions Awarded Letter of Intent for Breidablikk
The scope of work covers a complete subsea production system, and associated equipment that includes 15 subsea trees in the first phase. "We are delighted to be awarded a letter of intent by Equinor, which will lead to more activity at many of our facilities in Norway and beyond," said…