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8 October 2019
Shelf Drilling Announces Multiple Contract Extensions
Shelf Drilling, Ltd. announced that it has secured a four-month extension for each of the High Island II, High Island IV, Main Pass I and Main Pass IV jack-ups in continuation of their existing contracts.
8 October 2019
PGS’ New Ghana MegaSurvey Provides Regional Context
The first data is now available on this new PGS MegaSurvey targeting the extensive prospective acreage of the Ghanaian offshore area. The Ghana MegaSurvey consists of 24 000 sq. km of 3D seismic data extending from the prolific Tano Basin in the west, through the Salt Pond Basin and into…
8 October 2019
Hibiscus Petroleum Group Executes Conditional Sale and Purchase Agreement to Acquire Crown Discovery in the North Sea
Hibiscus Petroleum Berhad announced that pursuant to its disclosure on 17 July 2019, its indirect wholly‐owned subsidiary, Anasuria Hibiscus UK Limited (“AHUK”), has entered into a conditional SPA to acquire License P2366, from United Oil & Gas PLC and Swift Exploration Limited for a total cash consideration of up to…
7 October 2019
Cost Changes in Projects on the Norwegian Continental Shelf
Equinor is the operator for 21 projects in the implementation phase, with a total investment of around 210 billion kroner. 20 of these are on the Norwegian shelf or at Norwegian onshore facilities.Production from the first phase of Johan Sverdrup started on 5 October, well ahead of schedule, while costs…
7 October 2019
Alfa Lift: Keel Laying Ceremony
OHT’s new heavy installation crane vessel Alfa Lift, currently under construction at the China Merchants Heavy Industry (CMHI) facility in Jiangsu, has reached its second significant build milestone with the laying of the Keel, weeks ahead of schedule.For the first time the fabricated blocks have come together for assembly in…
7 October 2019
i3 Commences Serenity Drilling Operations
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announced that the Borgland Dolphin semi-submersible drilling rig has arrived on location at the Serenity field and that the SA-01 appraisal well has now been spud. The Company will provide SA-01 drilling results to…
7 October 2019
Saipem: New Offshore E&C Contracts Awarded by BP in Azerbaijan Worth Around 145 million USD
Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan.Saipem has been a key contractor in this field since the 1990s. Located in the Caspian Sea at approximately…
7 October 2019
Greater Buchan Area (GBA) Development Contractor Appointments
Jersey Oil & Gas (JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, announced the award of contracts to Rockflow Resources Ltd and Petrofac Facilities Management Limited.Accordingly, Rockflow will provide subsurface evaluation support and Petrofac will provide facilities and well…
7 October 2019
Johan Sverdrup: Oil Production has Started
Nine years after the field was proven, production commenced on Saturday from the North Sea giant, Johan Sverdrup. 24/7, for the next 40 years, oil from this field will secure substantial revenues for Norway.“It would take more than 50 years of exploration in this area before Johan Sverdrup was discovered.…
7 October 2019
Johan Sverdrup, the North Sea Giant, is On Stream
On 5 October Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK 40 billion below the original estimates in the Plan for development and operation.“Johan Sverdrup…
4 October 2019
ODE Appointed Installation Operator for Tolmount Platform
ODE Asset Management (ODE AM), a wholly owned subsidiary of the international engineering and operations support services contractor ODE Group Limited, has been appointed as Installation Operator (Duty Holder) of the Tolmount Platform, a Normally Unattended Installation (NUI). The Tolmount platform and associated gas export pipeline comprise the Humber Gathering…
4 October 2019
PGS ASA: Eight Vessels During Winter Season
PGS had earlier disclosed that it is fully booked for seven vessels in Q4 2019. PGS has now committed to a MultiClient program in West Africa for the eighth active vessel. The program is expected to last more than 100 days and has strong industry funding. As a consequence PGS…
4 October 2019
GC Rieber Shipping: Four Month Extension of Polar King Charter with Nexans
GC Rieber Shipping (RISH) has agreed with Nexans Skagerrak AS, a wholly owned subsidiary of Nexans Norway AS, to extend the charter of CSV Polar King by four months. The extended period will be in direct continuation of the ongoing charter, which started in January 2017. In addition to the…
4 October 2019
Hydrogen Production takes System to New Levels
Putting the brakes on climate change and meeting the challenges of the energy transition is now more urgent than ever. An experienced team of energy experts from Tractebel Engineering GmbH and offshore engineers from Tractebel Overdick GmbH are therefore developing a unique concept for an offshore platform. This makes it…
4 October 2019
Panoro Energy Announces Substantial Oil Discovery in Hibiscus Updip Sidetrack
Panoro Energy ASA reported a positive update on its drilling operation on the Hibiscus Updip well (“DHIBM-1”), located on Dussafu Marin Permit, offshore Gabon.John Hamilton, CEO of Panoro, commented: “Results of drilling at Hibiscus Updip have significantly exceeded expectations. Both the original wellbore and sidetrack have encountered oil columns with…
4 October 2019
Subsea 7 Acquires 4Subsea
Subsea 7 announced that it has acquired 4Subsea, a leading provider of technology and services that delivers key decision support to oil & gas and offshore wind operators worldwide.4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. 4Subsea’s Peter Jenkins will continue in his role…
4 October 2019
Subsea 7 Awarded Contract Offshore UK
Subsea 7 S.A. announced the award of a sizeable(1) contract by Shell for the Pierce depressurisation project, located approximately 160 miles offshore, east of Aberdeen.The contract scope involves the engineering, procurement, construction, transportation and installation (EPCI and T&I) of a 30km gas export pipeline, a gas export riser and associated…
4 October 2019
Shell Invests in the UK’s Pierce Field to Grow Gas Production
Shell U.K. Ltd and its partner Ithaca Energy (UK) Limited have taken a final investment decision on the Pierce Depressurisation Project in the UK Central North Sea.The move will enable Shell to start exporting gas from the Pierce field. It builds on Shell’s significant presence in the North Sea and…
3 October 2019
Dolphin Drilling Announces Contract with Shell
Global contractor Dolphin Drilling has secured further work for its Borgland Dolphin semi-submersible drilling rig to start in early 2020.The company has won a contract with AS Norske Shell in Norway to provide rig support for the drilling and completion of a gas producer well on the Knarr field. The…
3 October 2019
HYBRIT Initiative: SEK 200 million Invested in Pilot Plant for Storage of Fossil-free Hydrogen in Luleå
SSAB, LKAB and Vattenfall, the owners behind the HYBRIT initiative, are investing SEK 150 million and the Swedish Energy Agency is contributing almost SEK 50 million towards the construction of a storage facility for hydrogen at the HYBRIT pilot plant for fossil-free steel. The investment is an important step towards…
3 October 2019
Equinor Captures Value from German Offshore Windfarm
Equinor has entered into an agreement to sell a 25% ownership interest in the Arkona offshore wind farm to funds advised by Credit Suisse Energy Infrastructure Partners AG for a total amount of approximately EUR 500 million.Currently Equinor holds a 50% interest in the wind farm located in the German…
3 October 2019
RPS Makes Strategic Acquisition of Software and Technology Company Reservoir Imaging Ltd
Global professional services firm RPS announced the acquisition of UK software and technology consultancy Reservoir Imaging Ltd (RIL) – further strengthening its services to the oil and gas sector.The £4 million deal will deliver a winning combination of experts, data and technology that provides ease and confidence in highly complex…
3 October 2019
CGG Delivers Advanced 4D Images for BP Angola Survey in 8 Weeks
CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola. This achievement builds on previous 4D seismic processing projects undertaken for BP Angola.The enhanced imaging volumes from the Greater Plutonio development in the Lower…
3 October 2019
Bentec Wins Multi-million Euro Contract for Seven 320t Cluster Slider Drilling Rigs
Bentec, one of the world's leading manufacturers of drilling rigs and oilfield equipment, announced that it has signed a multi-million euro contract with the drilling division of INK-Service Group ("INK") for the manufacture of seven latest generation 320t cluster slider rigs. INK is the oilfield service unit of Russia's Irkutsk…
3 October 2019
Ithaca Energy’s Decision on Carrying Out Exploratory Drilling at Isabella
Delek Group reported that Ithaca Energy, the Company’s North Sea E&P operator, has taken a decision along with the other partners in the Isabella Oil Asset to drill a first trial well in the area. This was based in on the recommendation of the project operator, Total E&P North Sea…
3 October 2019
Subsea 7 Awarded Contract Offshore Taiwan
Subsea 7 S.A. announced the award of a sizeable(1) contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan.Project engineering will commence immediately at Seaway 7’s offices in Leer, Germany and in Taipei, Taiwan. Offshore activities are expected to commence in 2022.No further…
2 October 2019
Equinor Awarding Pioneering Wireless Subsea Drone Contract
Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contact will make Equinor the first user of technology expected to be completed in 2020. “This is a historic contract in the oil and gas industry.…
2 October 2019
Benthic Awarded TechnipFMC Geotechnical Contract Offshore Mozambique
Benthic, a global geosciences company and part of Acteon, has secured an offshore geotechnical and geophysical contract from TechnipFMC for the Golfinho development, a deepwater discovery off the coast of Mozambique that will be developed as a subsea system tied back to an onshore liquefied natural gas facility.For the first…
2 October 2019
Okeanus Delivers High-capacity Portable A-Frame
Okeanus Science & Technology, LLC, an established marine equipment and engineering service provider, announced they have recently designed and built a unique high-capacity portable A-Frame. This A-Frame system has successfully completed its factory acceptance tests and has been shipped to the customer, CSA Ocean Sciences (CSA). “We enjoy a long-standing,…
2 October 2019
AGR to Deliver Reservoir Modelling Support on Draugen Field
AGR announced that they will be assisting Norwegian operator OKEA by building a new full field reservoir model for the Draugen asset in the Norwegian Sea.Commenting on the latest assignment, André Sæthern, AGR’s VP of Reservoir Management, said: “We are excited to deliver this project as part of our long-term…
2 October 2019
Go-ahead for New Facility on Valhall
The Norwegian Petroleum Directorate has granted consent to start up the Valhall West Flank facility in the North Sea. Start-up will take place this autumn.This facility is a further development of the Valhall field. West Flank is an unmanned facility with twelve well slots, and it is tied to the…
2 October 2019
Drilling Permit for Well 6507/5-9 A in Production Licence 838
The Norwegian Petroleum Directorate has granted PGNiG Upstream Norway AS a drilling permit for well 6507/5-9 A, cf. Section 15 of the Resource Management Regulations.Well 6507/5-9 A will be drilled from the Deepsea Nordkapp drilling facility in position 65°39'35.84"N and 7°38'50.85"A after completing the drilling of wildcat well 6507/5-9 S…
2 October 2019
Valaris Announces New Contract Awards
Valaris plc announced new contracts and contract extensions, with associated revenue backlog of approximately $245 million, awarded subsequent to a prior press release that announced new contract awards on August 26, 2019. - VALARIS DS-16 (Resolute) contract with Fieldwood in the U.S. Gulf of Mexico extended by approximately 180 days…
2 October 2019
InfraStrata plc: Purchase of Assets of the former Harland and Wolff Heavy Industries Limited and Harland and Wolff Group Plc from Administrator BDO NI
InfraStrata plc, the UK quoted company focused on strategic infrastructure projects, announced that it has signed heads of terms to purchase the principal assets of Harland and Wolff Heavy Industries Limited and Harland and Wolff Group Plc from administrator BDO NI for a total consideration of £6 million. The Assets…
2 October 2019
Wintershall Asset Sale
Wintershall Dea, through its wholly owned subsidiary Wintershall Norge, has agreed to sell its 5.0304 %interest in the Nyhamna terminal to CapeOmega and its 13.255 % interest in the Polarled pipeline to Solveig Gas Norway. The transaction on the Norwegian Continental Shelf is part of a broader programme aimed at…
2 October 2019
Timor-Leste Oil & Gas Summit 2019
H.E.Taur Matan Ruak, The Prime Minister of the Democratic Republic of Timor-Leste will be announcing the Open Door Round of Timor-Leste, during a special session during the Timor-Leste Oil & Gas Summit in Dili Covention Center, on Thursday 3rd October 2019. This announcement will be followed by two days of…
2 October 2019
Zennor Announces Completion of 2019 Finlaggan Subsea Installation Campaign
Zennor Petroleum Limited, through its subsidiary Zennor Pathway Limited, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (block 21/05c and 21/05d, Licence P2013). The development project is targeting 30mmboe of gas condensate reserves from two subsea production wells tied back 20km to the Britannia…
1 October 2019
Drilling Rig Contract Awarded for Seagull Project
Neptune Energy and its joint venture partners BP and JAPEX announced Valaris plc has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil project in the UK North Sea.Valaris will provide the Rowan Gorilla VI (VALARIS JU-248) to drill four firm wells for…
1 October 2019
FAR Obtains Additional 10% Interest in Gambian Blocks
FAR Limited has acquired an additional 10% interest in the highly prospective offshore Blocks A2 and A5 offshore The Republic of The Gambia, giving FAR a 50% working interest and the Company retains Operatorship. The interest is held in the FAR subsidiary, FAR Gambia Ltd.The Government of The Gambia (“GOTG”)…
1 October 2019
Chrysaor Completes Acquisition of ConocoPhillips’ UK Oil and Gas Business
Chrysaor Holdings Limited announced that it has completed its acquisition of ConocoPhillips’ UK oil and gas business for $2.675 billion. With an effective date of 1 January 2018, completion of the transaction follows receipt of all necessary regulatory approvals.The assets acquired produced approximately 72,000 barrels of oil equivalent per day…
1 October 2019
Excelerate Energy and Maran Gas Maritime Execute Agreement for FSRU
Excelerate Energy L.P. and Maran Gas Maritime Inc. (MGM) have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) Hull 2477. During the five-year BBC Excelerate will have the option to purchase Hull 2477. MGM is currently building Hull 2477 at Daewoo Shipbuilding and Marine…
1 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.The project will commence in Q4 2019 with an approximate duration of two months.
1 October 2019
Redelivery Of Vyacheslav Tikhonov
Polarcus Limited refers to its announcement dated 10 June 2019 describing an extension of the bareboat charter for “Vyacheslav Tikhonov”, originally named “Polarcus Selma” including a redelivery option exercisable with effect from completion of the ‘charter-back’ for the wide-azimuth project (announced on 3 June 2019).SCF has exercised this option and…
1 October 2019
Global Offshore to Support the Installation of Critically Important Infrastructure Across the Pentland Firth
Global Offshore, a leading provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil & gas markets, will be working with Scottish and Southern Electricity Networks (SSEN) on their Pentland Firth East power cable installation project.The Pentland Firth is a strait separating the Orkney Islands…
1 October 2019
Oceaneering Awarded Major Contract to Support Decommissioning Program Offshore Canada
Oceaneering International, Inc., has been awarded a contract to support a decommissioning project off the east coast of Canada. This is the first decommissioning contract for Oceaneering in Canada.The contract’s work scope includes internal cutting, external cutting, and local soil displacement. Work is expected to start in Q2 2020.The decommissioning…
1 October 2019
Kongsberg Enabled Royal Research Ship Sir David Attenborough Officially Named
One of the world’s most advanced polar research vessels, RRS Sir David Attenborough, has been officially named at a special naming ceremony held at Cammell Laird’s Birkenhead, UK, shipyard on Thursday, 26 September 2019. The milestone event, attracting over 600 invited guests and more than 4,000 members of the public,…
1 October 2019
Prysmian Secures a Major Submarine & Land Maintenance Service Contract
Prysmian Group, world leader in the energy and telecom cable systems industry, has achieved an important milestone in its PowerLink Cable Solutions strategy, which aims to provide comprehensive management solutions for submarine and land cable systems.The Group has just been awarded a 3-year service level agreement by the Dutch-German grid…
1 October 2019
Fourth Petroleum Licensing Round: Extension of Application Deadline
Last May, on behalf of the Government of Sierra Leone, the Petroleum Directorate reopened the country’s Fourth Licensing Round last May; pursuant to Sections 30(1) and 32(2) of the Petroleum (Exploration and Production) Act 2011. The response to date has been encouraging and it is hoped that this momentum will…
1 October 2019
Jacktel AS – Lay-up Contract at Johan Sverdrup
Jacktel AS, a wholly owned subsidiary of Master Marine AS, has agreed with Equinor that Haven shall be laid up at Johan Sverdrup following the expiry of the firm contract Dec 7 2019. Equinor will have the option to use up to 300 beds during the lay up period, and…
1 October 2019
Golden Energy Offshore Services AS – Fleet Commitment Update
Golden Energy Offshore Services AS has secured employment for the two newbuild vessels, Energy Empress and Energy Duchess, each for a minimum of 90 days period for an undisclosed client outside the North Sea Spot market. These contracts commences at a time when the North Sea Spot market is expected…