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25 October 2019
International SOS Expands Investment
International SOS, the world’s leading medical and security risk services company, has increased its investment in its Joint Venture Partnership with Iqarus in Aberdeen and Dubai . This will see International SOS taking sole ownership and responsibility for Iqarus Aberdeen and increasing its investment to a majority ownership stake in…
25 October 2019
Offshore Wind to Become a $1 trillion Industry
Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonise energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report published on 25 October.Offshore Wind Outlook 2019 is the most comprehensive global study…
25 October 2019
RINA Classes Prysmian’s New Hi-tech Cable Laying Vessel
As world leader in the energy and telecom cable systems industry, the Prysmian Group is set to launch the most advanced cable layer in the world. The vessel, recently named Leonardo Da Vinci, will be added to the group’s already strong cable laying fleet in the second quarter of 2021…
25 October 2019
McDermott Awarded Fabrication Subcontract for Greater Tortue Ahmeyim Natural Gas Project
McDermott International, Inc. announced it has been awarded a sizeable* fabrication subcontract for the Greater Tortue Ahmeyim natural gas project."This award reflects the value of holistic project planning to get the best outcomes for the project and the customer. Fabrication for both the SPS and subsea, umbilicals, risers and flowlines…
24 October 2019
The OGTC Launches Third year of TechX Accelerator with Equinor Strategic Partnership
The Oil & Gas Technology Centre (OGTC) has officially launched the third year of its award-winning accelerator programme, TechX, with the announcement of new industry partner, Equinor.The TechX Pioneer Programme – a unique technology accelerator and incubator - helps ambitious start-ups take their solutions to the energy market faster. To…
24 October 2019
Polarcus Awarded XArray Project In Australia
Polarcus Limited announced that an award has been received for an XArrayTM marine seismic acquisition project in Australia with an approximate duration of 1 month.The project will commence in Q1 2020 immediately following completion of the XArrayTM project in Australia previously announced on 17 October 2019.
24 October 2019
Potential for 1.2 billion Barrels of Oil Offshore The Gambia
- FAR has undertaken a detailed geotechnical evaluation for its 2 offshore blocks in The Gambia and completed an assessment of hydrocarbon resources- Combined Prospective Resources for the two blocks assessed at 1.2billion barrels* (unrisked, Best Estimate, recoverable, 100% basis) with 621 million barrels* net to FAR.- Operations are underway…
24 October 2019
Delineation of Gas/Condensate Discovery 6506/11-10 near the Morvin Field in the Norwegian Sea – Well 6506/11-11 S
OMV Norge AS, operator of production licence 644, is in the process of completing the drilling of appraisal well 6506/11-11 S on the 6506/11-10 (Iris) gas/condensate discovery.The well was drilled about 20 kilometres west of the Åsgard field and 240 kilometres north of Kristiansund.The discovery was proven in Middle Jurassic…
24 October 2019
Serica Energy plc: Receipt of OFAC License and Assurance for Rhum
Serica Energy plc announced that it has received a renewed License and secondary sanctions assurance from the US Office of Foreign Assets Control (“OFAC”) relating to the North Sea Rhum field, in which Serica has a 50% interest. The License and assurance will allow certain U.S. and U.S.-owned or controlled…
24 October 2019
Jan De Nul’s Voltaire Secured for Dogger Bank Wind Farms
The world’s largest offshore wind farm, Dogger Bank Wind Farms, welcomed Jan De Nul’s Voltaire to the project. The new offshore jack-up installation vessel, with a lifting capacity of over 3,000 tonnes and standing taller than the Eiffel tower, is the largest of its kind in the world. The Voltaire…
24 October 2019
Eco (Atlantic) Oil & Gas Ltd. Provides Guyana Operational Update
Eco (Atlantic) Oil & Gas Ltd. provided an operational update following its two recent oil discoveries on the Orinduik Block, offshore Guyana.- Multiple prospects currently being reviewed with further high graded candidates under consideration for a 2020 drilling programme.- Operator is preparing a budget for long lead items including wellheads…
23 October 2019
REV Ocean, ODF and NTNU to Partner in Cutting-edge Ocean Research
On 21 October, REV Ocean signed an important partnership agreement with the Norwegian University of Science and Technology (NTNU) and Ocean Data Foundation (ODF) ahead of the Our Ocean conference in Oslo this week.With this agreement, NTNU scientists and engineering students will be able to use the REV Ocean vessel…
23 October 2019
First Turbine of WindFloat Atlantic Moves Into Position
The largest and most powerful wind turbine to be used in a floating wind project – the V164-8.4 MW turbine from MHI Vestas – is now in place atop Principle Power’s WindFloat semi-submersible foundation.The first V164-8.4 MW turbine for WindFloat Atlantic was installed onto the WindFloat triangular platform at the…
23 October 2019
Trendsetter Seals Connector Deal with Talos Energy
Trendsetter Engineering Inc. announced that they have been awarded a contract to provide Talos Energy with an order of TC7 Clamp Connection Systems. Talos plan to use Trendsetter’s TC7 clamp connectors and ancillary equipment on the Bulleit development located in the Gulf of Mexico’s Green Canyon 21 block. The equipment…
23 October 2019
Gulf Marine Services PLC Contract Award
GMS announced the award of a 6.5-month contract (firm period plus options to extend) for a K-Class (Small) vessel. GMS's customer is an international EPC contractor, for which GMS will provide support for offshore activities on behalf of a Middle East national oil company. The work will be undertaken in…
23 October 2019
NKT Signs Service Agreement with TenneT for High-voltage Cable Systems
The German-Dutch power grid operator TenneT has awarded NKT a service contract covering cable jointing of offshore high-voltage power cables.NKT has been awarded a three-year service agreement contract by the German-Dutch power grid operator TenneT covering the cable jointing part of a larger offshore service agreement. The contract covers the…
23 October 2019
Fugro Enters the South Korean Offshore Wind Farm Market
Fugro has signed a Memorandum of Understanding (MOU) with Underwater Survey Technology 21 (UST21) in a move that opens up the South Korean offshore wind farm market.Growing demand for alternative energy sources has led South Korea to explore its potential for wind energy, and Fugro’s global experience on over 100…
22 October 2019
Østensjø Rederi Grows its Offshore Wind Business by Ordering Four CSOVs Prepared for Zero Emissions
To meet increasing demand in the offshore wind market, Østensjø Rederi has signed a letter of intent for the construction of four Commissioning Service Operation Vessels (CSOV). The vessels are designed for service operations during the commissioning and operation of offshore wind parks. In addition to lower operational expenses and…
22 October 2019
Hai Long Offshore Wind Farm and CSBC DEME Wind Engineering (CDWE) Join Forces for the First Large-scale Balance of Plant Contract in Taiwan Offshore Wind
In Taipei, the Hai Long Offshore Wind (OFW) Project signed Taiwan’s first large-scale Balance of Plant (BOP) Preferred Supplier Agreement (PSA) with local company CSBC DEME Wind Engineering (CDWE), marking another significant milestone in realising the localisation of Taiwan’s offshore wind industry.The Hai Long Project consists of Canadian-based independent power…
22 October 2019
PetroNor E&P to Acquire Panoro Energy’s Interest in OML 113, Offshore Nigeria
PetroNor E&P Limited, the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announced that it has entered into a sale and purchase agreement (“SPA”) with Panoro Energy ASA, for its interest in Offshore Mining Lease no.113 (“OML 113”)…
22 October 2019
Contracts Up for Grabs in Scotland's Offshore Wind Industry
Major renewables developer SSE Renewables is urging Scottish businesses to bid for a host of contracts ahead of construction of Scotland’s largest offshore wind farm.SSE Renewables is building Seagreen Offshore Wind Farm, off the coast of Angus, which will be one of the most significant construction projects undertaken in Scotland.As…
22 October 2019
Seabed Geosolutions Secures Deepwater Ocean Bottom Node Contract in Brazil
Seabed Geosolutions has secured a letter of award to provide a 3D ocean bottom node (OBN) survey in 2000 m of water in the Santos Basin, offshore Brazil.The 410 km2 survey, which has a contract value of over USD 50 million, will be performed for a prominent energy company using…
22 October 2019
Drilling Permit for Well 25/7-8 S in Production Licence 917
The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a drilling permit for well 25/7-8 S, cf. Section 15 of the Resource Management Regulations.Well 25/7-8 S will be drilled from the Leiv Eiriksson drilling facility in position 59°16'32.93"N and 2°17'14.84"E.The drilling programme for well 25/7-8 S relates to the drilling…
22 October 2019
TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract for the Shell Perdido Phase 2 Development
TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the Perdido Phase 2 development, located in the Gulf of Mexico.The contract covers the delivery and installation of subsea equipment, including flexible flowlines, flexible jumpers, steel flying leads, electrical flying leads, and will utilize…
21 October 2019
First Oil from Johan Sverdrup to Mongstad
Oil from the giant Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. The event was celebrated at the plant on 21 October.“This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total.…
21 October 2019
Skandi Vega - Extension of Contract with Equinor Energy AS
Equinor Energy AS has exercised a 6 months option connected to the Framework Agreement awarded in 2018. The vessel will be utilized firm from mid November 2019 until mid May 2020.The CEO, Mons Aase comments "Skandi Vega has served Equinor since 2009 and we are satisfied that the vessel is…
21 October 2019
RusselSmith Acquires VideoRay Mission Specialist Series ROV
RusselSmith Nigeria has announced the acquisition of a VideoRay Mission Specialist Series (MSS) Defender ROV as part of efforts to strengthen its Subsea services division.The highly regarded MSS Defender ROV utilizes interchangeable, modular components that reside on a single, intelligent network. This modular configuration provides an extremely flexible and customizable…
21 October 2019
Aquatic Provides Spooling Support to Project in the Netherlands
Aquatic recently completed a major work package, providing spooling support to Airborne Oil & Gas at their base in Ijmuiden, in The Netherlands. Aquatic supplied a 200Te Powered Reel Drive System, a 15Te Tensioner System, a 200Te Under Roller System and a Level Winder System.Aquatic’s equipment and skilled personnel assisted…
21 October 2019
VAALCO Energy, Inc. Confirms Oil Discovery with Etame 9P Appraisal Wellbore
VAALCO Energy, Inc., announced that the Etame 9P appraisal wellbore, targeting the subcropping Dentale reservoir beneath the VAALCO-operated Etame field offshore Gabon, was successfully drilled to a total depth of 10,260 feet and encountered both Gamba and Dentale oil sands. Operations are underway to plug back to a shallower depth…
21 October 2019
Jadestone Energy Announces Submission of Southwest Vietnam Field Development Plan
Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announced the formal submission of the field development plan (“FDP”), for its Nam Du and U Minh gas fields, offshore southwestern Vietnam, to Vietnam Oil and Gas Group (“Petrovietnam”).Following receipt of Petrovietnam’s endorsement, the…
21 October 2019
Aker Solutions and EDP Renewables to Develop Floating Wind Farm in Ulsan, South Korea
WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial 500 megawatt (MW) floating wind farm off the coast of Ulsan Metropolitan City in South Korea.The consortium was formed as EDP Renewables, one of the top wind energy producers globally, and Aker…
21 October 2019
Busy Norwegian Sea
A lot is going on in the Norwegian Sea! In this sea area, which is twice the size of the North Sea, there are 19 fields in production, numerous discoveries are being developed and around 350 exploration wells have been drilled over the past 40 years.In many ways, the Norwegian…
21 October 2019
Maersk Drilling Awarded Three-well Drillship Contract by POSCO International
Maersk Drilling has secured a contract for the 7th generation drillship Maersk Viking which will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar.The contract is expected to commence in the end of 2019, with an estimated duration of 154 days. The value…
18 October 2019
BHGE Changes its Name to Baker Hughes Company
Baker Hughes, a GE company announced its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.Baker Hughes is uniquely positioned as…
18 October 2019
VAALCO Energy, Inc. Confirms Oil Discovery With Etame 9P Appraisal Wellbore
VAALCO Energy, Inc., announced that the Etame 9P appraisal wellbore, targeting the subcropping Dentale reservoir beneath the VAALCO-operated Etame field offshore Gabon, was successfully drilled to a total depth of 10,260 feet and encountered both Gamba and Dentale oil sands. Operations are underway to plug back to a shallower depth…
18 October 2019
Axxis Geo Solutions Completes World’s Largest OBN Multi-client Survey Offshore Norway
Axxis Geo Solutions (AGS) announced successful completion of the Utsira multi-client ocean-bottom node (OBN) survey in the North Sea, Norway. The program was completed on October 8th and is a joint effort with JV partner TGS and covers an area of approximately 1,600 square kilometres of full azimuth multi-client 3D…
18 October 2019
SBM Offshore Successful Bidder for Partner’s Minority Ownership in SBM Offshore Operated FPSO Companies
Further to the announcement dated September 30, 2019 confirming its participation in the public sale auction of the equity ownership of Serviços de Petróleo Constellation S.A. (“Constellation”) in the lease and operating companies related to five Brazilian FPSOs, SBM Offshore confirmed it has been formally designated as the successful bidder.…
18 October 2019
TechnipFMC Awarded Significant Integrated EPCI Contract for Woodside’s Pyxis Field in Australia
TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (EPCI) contract by Woodside for the development of the Pyxis and Xena fields, located offshore North West Australia.TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals.This contract is the first…
18 October 2019
Woodside Third Quarter Report for Period Ended 30 September 2019
Performance highlights- Delivered production of 24.9 MMboe, up 44% from the previous quarter.- Delivered sales revenue of $1,164 million, up 58% from the previous quarter.- Achieved 99.7% reliability at Pluto LNG with record quarterly production and daily production rates.- First oil produced from the Greater Enfield Project.- Executed major integrated…
18 October 2019
Nexans Celebrates the Next Step in the Construction of its Aurora Cable Installation Vessel
On 15 October 2019, Nexans hosted the grand block ceremony that represented a key step in the construction of its ground-breaking cable installation vessel, the ‘Nexans Aurora’. The vessel’s hull is currently being built at the CRIST shipyard in Poland. It will be completed at Ulstein Verft in Norway, with…
18 October 2019
Polarcus Announces XArray Project In Australia
Polarcus Limited announced that the Company has secured high industry prefunding for a multi-client project in Australia with an approximate duration of one month.The project will commence in Q1 2020 immediately following completion of the XArrayTM project in Australia previously announced on 1 October 2019.
17 October 2019
Prosafe SE: Operational Update Q3 2019
The fleet utilisation rate in the third quarter of 2019 was 48.2 per cent (Q3 2018: 48.1 per cent).Safe Caledonia completed a four-month contract for a major oil and gas operator in the UK sector on 18 August 2019 and is currently laid up in the UK. On 31 July…
17 October 2019
Global Market for Offshore Wind Cables Offers Multi-million pound Opportunity for UK Companies
Subsea power cables stretching over 16,300km in length – nearly the distance between London and Sydney – will be needed over the next five years to build new offshore wind farms worldwide, according to a new report by RenewableUK.More information here.
17 October 2019
Drilling Activity in Norway Nearing All-time High
While global offshore exploration activity has been flat year-to-date, the situation has been far more buoyant on the Norwegian Continental Shelf (NCS), where the number of wells drilled could challenge all-time high levels by the end of the year.Rystad Energy expects that this high activity level will be sustained through…
17 October 2019
SBM Offshore Completes US$1.14 billion Financing of Liza Unity
SBM Offshore announced that it completed the project financing of FPSO Liza Unity for a total of US$1.14 billion.The project financing was secured by a consortium of nine international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will…
17 October 2019
Chimera Well Update, UK North Sea
Cairn, operator of UKCS licence P2312, has completed drilling of wildcat well 03/17a-3, known as Chimera.The objective of the well was to prove hydrocarbons in Paleocene Heimdal Sandstones within the Lista Formation. The well is dry.The well was drilled to a vertical depth of 1,830 metres (m) below the sea…
17 October 2019
Tolmount East Success
Premier announced the success of the Tolmount East well, 42/28d-14, in P1330, Block 42/28d (Premier 50 per cent operated interest) in the UK Southern Gas Basin. The well was targeting 220 BCF of P50 gross resource, in an undrilled area four kilometres east of the 500 BCF Tolmount gas field.The…
17 October 2019
Tulip Oil Quarterly Update
Tulip Oil Quarterly UpdateTulip Oil Holding B.V. announced the latest quarterly update on its oil and gas exploration and production businesses in the Netherlands and Germany.Q10-A development by Tulip Oil Netherlands Offshore*During the quarter, the drilling of the final 2 wells was completed with a strong safety performance and the…
17 October 2019
MDL Hat-trick in NCS with TechnipFMC
MDL has returned to the Norwegian North Sea for the third year running to support TechnipFMC tie-back campaign in the basin.MDL’s horizontal spread, including a 4-track tensioner mounted on the client’s frame, Third-generation Reel Drive System (RDS) and deck deflectors were used for the installation of flowlines in a producing…
16 October 2019
Opportunity for Norwegian Technology Developers through Hunting’s TEK-HUB
Hunting Energy Services’ UK centre of excellence is on the hunt for innovative individuals and companies to form partnerships across Norway and bring oil and gas technologies to market.Based in Aberdeen, Hunting’s TEK-HUB is opening the initiative up in a bid to support innovators in Europe and beyond. The first…