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30 July 2019
GSP Signs Contract with TechnipFMC for the Karish Gas Development Project
GSP has signed a contract with TechnipFMC for the execution of various works within the Karish Gas Development Project in Israel. Technip FMC has been contracted to engineer, build and commission the entire project infrastructure under an EPCIC contract with Energean Israel Ltd., the ultimate beneficiary of the project.As subcontractor…
30 July 2019
NPCC and Petrofac JV Awarded Offshore Contract by Al Yasat Petroleum, an ADNOC Group Company
National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum (an ADNOC Group company, and JV with CNPC) to provide Front End Engineering Design (FEED) services for the Belbazem Block Development Project, located offshore Abu Dhabi, UAE.…
30 July 2019
Dorado-3 Drilling Commenced
Carnarvon Petroleum Limited provided the following update on the drilling of the Dorado-3 appraisal well. Progress Drilling has commenced on the Dorado-3 well with the 30” casing having been set and cemented in place to a depth of approximately 190 metres Measured Depth (“MD”). Current Operations As at 6:00am on…
30 July 2019
Contract Awarded for Scarborough Seabed Intervention Works
In its capacity as Operator of the Scarborough Joint Venture, Woodside has awarded a contract to Boskalis Australia Pty Ltd to undertake seabed intervention and shore crossing works for the proposed Scarborough export gas pipeline.The contract is for preparatory activities related to offshore deepwater excavation, pipeline crossings, nearshore and shore…
30 July 2019
Oil and Gas Authority Publishes First Wells Strategy
The Oil and Gas Authority (OGA) has published for the first time a Wells Strategy which provides a framework of how the OGA and industry will work together to deliver increased activity and improve performance.The OGA’s first Wells Insights Report, published in November 2018, clearly identified the need for increased…
29 July 2019
Reabold Resources Plc: Operational Update
Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, provided the following update across its portfolio: Highlights: - Rig mobilisation and drilling for Parta well expected to begin imminently - Both VG-4 and VG-3 now in permanent production - Permits secured for…
29 July 2019
State aid: European Commission Approves Support for Six Offshore Wind Farms in France
The European Commission has found support to six large offshore wind farms in French territorial waters to be in line with EU State aid rules. The measures will help France reduce CO2 emissions, in line with EU energy and climate goals, without unduly distorting competition in the single market.France intends…
29 July 2019
Atlantis Successfully Decommissions 1.2 MW SeaGen Tidal System in Industry First
SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects, announced that it has successfully decommissioned the SeaGen tidal turbine support structure in Strangford Narrows, Northern Ireland. This marks the completion of the 1.2MW SeaGen tidal stream energy project lifecycle and is the first commercial scale…
29 July 2019
Cooper Energy: Ocean Monarch Mobilising to Offshore Otway
Cooper Energy announced the semi-submersible drilling rig Ocean Monarch, operated by Diamond Offshore, has commenced mobilisation from the Gippsland Basin to the Otway Basin where it is to drill 2 offshore gas exploration wells.The wells, Annie-1 and Elanora-1, will be the first offshore gas exploration wells drilled in the Otway…
29 July 2019
Neptune Energy Acquires Interests in Kutei Basin PSCs from Eni
Neptune Energy announced it has agreed to acquire interests from Eni in the Kutei basin Production Sharing Contracts (PSC), offshore Indonesia.The agreement will see Neptune acquire a 20 per cent working interest in the East Sepinggan PSC and a 30 per cent working interest in the East Ganal PSC.The East…
29 July 2019
Nord Stream 2 Calls on Court of Justice of the European Union to Annul Discriminatory Measures
On July 25, 2019, Nord Stream 2 AG brought an action for annulment before the General Court. Nord Stream 2 requests that Directive (EU) 2019/692 amending the EU Gas Directive be annulled because of an infringement of the EU law principles of equal treatment and proportionality. This would lead to…
29 July 2019
Aker BP – Consent for Exploration Drilling in the North Sea
Petroleum Safety Authority Norway have given Aker BP consent for exploration drilling in block 25/4 in the North Sea.The wells 25/4-14 S and 25/4-14 A belong to production licence 203, for which Aker BP is the operator.These are appraisal wells and will be drilled in the area east of the…
29 July 2019
Soliton Resources Announces UK Central North Sea Farmout
Soliton Resources Limited, a privately held oil and gas exploration company, announced the farmout of UK Central North Sea Licence P2390 (Blocks 23/26e and 30/1d) to Equinor UK Limited. Licence P2390 contains the Isolde prospect, a shallow, low risk and potentially sizeable exploration target that has historically been overlooked, partially…
26 July 2019
INPEX Acquires Keathley Canyon Blocks 921/965, Walker Ridge Blocks 881/925 in US Gulf of Mexico
INPEX CORPORATION announced that its subsidiary INPEX US Offshore, LLC has reached an agreement with Anadarko Petroleum Corporation to acquire a 40 percent participating interest in Keathley Canyon blocks 921 and 965 as well as Walker Ridge blocks 881 and 925 in the US Gulf of Mexico. Anadarko is an…
26 July 2019
INPEX Acquires Keathley Canyon Blocks 921/965, Walker Ridge Blocks 881/925 in US Gulf of Mexico
INPEX CORPORATION announced that its subsidiary INPEX US Offshore, LLC has reached an agreement with Anadarko Petroleum Corporation to acquire a 40 percent participating interest in Keathley Canyon blocks 921 and 965 as well as Walker Ridge blocks 881 and 925 in the US Gulf of Mexico. Anadarko is an…
26 July 2019
VOS Start Completes Successful Charter for MVOW
Vroon walk-to-work vessel arrives in IJmuiden following Irish Sea operationsAt the end of last week, our subsea-support walk-to-work unit, VOS Start, arrived in IJmuiden after almost two years engaged in operations for offshore-renewable client MHI Vestas Offshore Wind (MVOW).VOS Start commenced duties for MVOW in August 2017, providing offshore logistics…
26 July 2019
KrisEnergy Completes 3D Seismic Program over Cambodia Block A
KrisEnergy Ltd., an independent upstream oil and gas company, announced that, further to the Company’s announcement of 25 June 2019, the 1,200 sq. km 3D seismic survey in the Cambodia Block A concession has been completed on time and without any health, safety or environmental incidents.Shearwater Geoservices Singapore Pte Ltd…
26 July 2019
SeaBird Exploration: Completion of Acquisition of BOA Galatea and Issue of Consideration Shares
Reference is made to previous stock exchange notices of 11 April 2019, 12 April 2019, 29 April 2019, 24 May 2019 and 13 June 2019 regarding the acquisition by SeaBird Exploration Plc of BOA Thalassa and BOA Galatea.The acquisition of BOA Thalassa was completed on 13 June 2019. The Company…
26 July 2019
Japan Drilling Co., Ltd.: Contract Extension for "HAKURYU-10" and "HAKURYU-12"
Jack-up drilling rigs "HAKURYU-10" and "HAKURYU-12", both operated by JDC's subsidiary company "Japan Drilling (Netherlands) B.V." at Al-Shaheen Oil Field, offshore Qatar, have been awarded a one-year contract extension as the first option by North Oil Company ("NOC") under the 2 years firm + 2 x 1 year options contract…
26 July 2019
Talon Petroleum Limited: Quarterly Report for the Period Ending 30 June 2019
Talon Petroleum Limited presented its June 2019 quarterly report.
26 July 2019
Independent Oil and Gas plc: Farm-out of Southern North Sea Assets
Independent Oil and Gas plc ("IOG"), the development and production company focused on becoming a substantial UK gas producer, announced that it has entered into a comprehensive farm-out transaction with CalEnergy Resources Limited (“CER”).Highlights- IOG has signed binding definitive agreements with CER to farm out 50 per cent of its…
26 July 2019
Delineation of the 16/1-29 S Oil Discovery in the North Sea - 16/1-30 S and A
Equinor Energy AS, operator of production licence 167, has completed drilling appraisal wells 16/1-30 S and 16/1-30 A.The wells were drilled about one kilometre west of the discovery well 16/1-29 S (Lille Prinsen) in the central part of the North Sea and 200 kilometres west of Stavanger.The discovery was proven…
26 July 2019
Small Oil Discovery at the Utsira High
Equinor and partners Lundin and Spirit Energy have made a small oil discovery in production licence 167 at the Utsira High in the North Sea.The Lille Prinsen Outer Wedge well is located about 1 kilometre west of Lille Prinsen Main, an oil discovery made in the summer of 2018. Lille…
25 July 2019
Noble Energy Chooses Tenaris for Alen Gas Project in Equatorial Guinea
Tenaris was awarded the offshore export pipeline for the Alen Gas Monetization Project in Equatorial Guinea, a key component of Noble Energy’s growth strategy in West Africa.This 70 km pipeline will be constructed to transport natural gas from the Alen offshore platform to existing onshore processing facilities on Bioko Island.The…
25 July 2019
U.S. Gulf Drillship Market Picking Up Steam
The U.S. Gulf of Mexico drillship market is currently in quite an enviable position. RigLogix's data shows that as of mid-July, marketed utilization of the 25-rig fleet stood at 96%, with 24 units either working or committed to begin contracts in the next few months. And, with it rumored that…
25 July 2019
Bibby HydroMap Charters MV SeaZip Fix
Bibby HydroMap announced that they have taken the 42m DP1 Ice Class survey vessel SeaZip Fix on charter from Seazip Offshore Service, part of the JR Shipping GroupRebuilt in 2015, the multi-disciplined vessel will supplement the existing Bibby HydroMap fleet and will commence seismic survey operations on Hollandse Kust Zuid…
25 July 2019
Subsea 7 S.A. Announces Second Quarter and Half Year 2019 Results
On 25 July, Subsea 7 S.A. announced results for the second quarter and first half of 2019 which ended 30 June 2019.Second Quarter highlights - Revenue of $958 million, Adjusted EBITDA of $171 million and margin of 18% reflected steady performance in SURF and Conventional offset by low levels of…
25 July 2019
Petrobras Signs Contracts for Sale of Shallow Water Assets in a Total of US$ 1.5 billion
Petrobras announced that on 24 July it signed two contracts for the sale of upstream assets in shallow waters in Campos and Santos Basins, in the total amount of US$ 1.5 billion (about R$ 5.7 billion). The transactions refer to:(i) the sale of 100% of its interest in the Pampo…
25 July 2019
Williams Begins Service on Deepwater Gulf Gathering Pipeline System
Williams announced that it has acquired and placed into service the 16-inch Norphlet deepwater gathering pipeline system constructed by Shell Offshore Inc., operator, and CNOOC Petroleum Offshore U.S.A. Inc. extending 54 miles from the Shell-operated Appomattox Floating Production System in 7,400-feet of water to the Transco Main Pass 261A junction…
25 July 2019
Eni Finds Gas and Condensate in the Exploration Block 114, Song Hong Basin, Offshore Vietnam
Eni announced that its exploration well, located in block 114, Song Hong Basin, offshore Vietnam, has proven the presence of gas and condensate in the Ken Bau prospect. The well result indicates a significant potential of the hydrocarbon accumulation. Eni Vietnam is the Operator of Block 114 with a 50%…
25 July 2019
Hibiscus Petroleum Achieves First Oil in the North Sabah PSC
Hibiscus Petroleum Berhad announced that its wholly‐owned subsidiary, SEA Hibiscus Sdn Bhd had, on 16 July 2019, safely and successfully drilled and completed the SJ‐105A well, the first of three infill wells being drilled as part of the St Joseph infill drilling project in Malaysia, under the 2011 North Sabah…
24 July 2019
Nexans Qualifies High Voltage Cable to World Record Water Depth to Create Power Connection Across a Norwegian Fjord
For BKK’s new power connection across the Fensfjorden, Nexans has qualified its 420 kV XLPE power cable design for use in water depths down to 550 meters. This development opens up new possibilities to create higher voltage subsea links in deeper locations than ever before. Nexans, leader in advanced cabling…
24 July 2019
MMA Offshore to Acquire Neptune Marine Services Business
MMA Offshore Limited announced that it has entered into an agreement to acquire the business of Neptune Marine Services Limited by acquiring NMS's key operating subsidiaries.The purchase consideration, which is expected to total approximately A$18.5 million, would comprise $5.0 million cash with the balance of the consideration to be issued…
24 July 2019
An Important Milestone for Aibel
After two and a half years of intensive work, the M40 module for the Dvalin project is now ready for delivery and sail away.Both management, employees, customers and suppliers were present during the sail away ceremony that took place on 18 July, outside the characteristic North Sea Hall at Aibel’s…
24 July 2019
Dea – Consent for Exploration Drilling in the Norwegian Sea
Petroleum Safety Authority Norway have given Dea Norge (Dea) consent for exploration drilling in block 66/11 in the Norwegian Sea.Well 6611/1-1 belongs to production licence 896, for which Dea is the operator. The well has been given the prospect name of “Toutatis”.The drilling site is in the northern Norwegian Sea,…
24 July 2019
TechnipFMC Awarded a Major Contract for the Arctic LNG 2 Project in West Siberia
TechnipFMC has been awarded a major(1) Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.This development will consist of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa(2), which…
24 July 2019
Subsea 7 Awarded Contract Offshore UK
Subsea 7 S.A. announced the award of a sizeable(1) contract to Seaway 7 for the Hornsea Two offshore wind farm project by Optimus Wind Ltd., a subsidiary of the Ørsted Group, for the installation of the entire inner array grid cable system.The Hornsea Two offshore wind farm project is located…
24 July 2019
Qatar Petroleum Signs Agreement to Enter Three Exploration Blocks in Kenya
The agreement is subject to customary regulatory approvals by the government of Kenya. Following such approval, the partners comprising the consortium will consist of affiliates of each of Eni (the operator) with a 41.25% participating interest. Total with a 33.75% participating interest, and Qatar Petroleum with a 25% participating interest.Commenting…
24 July 2019
Thames Reception Facilities Acquisition and Harvey Appraisal Well Update
Independent Oil and Gas plc ("IOG"), the development and production company focused on becoming a substantial UK gas producer, confirmed that it has signed a Sales and Purchase Agreement (SPA) with Perenco UK Limited, Tullow Oil SK Limited and Spirit Energy Resources Limited for the acquisition of the Thames Reception…
23 July 2019
Equinor – Consent to use COSLPromoter at Troll
Petroleum Safety Authority Norway have given Equinor Energy consent to use the COSLPromoter mobile drilling facility on the Troll field.The consent covers the drilling of eight production wells in connection with the development of Troll phase 3 on the Troll field in the North Sea.Drilling is scheduled to begin in…
23 July 2019
Equinor – Consent to use Utgard
Petroleum Safety Authority Norway have given Equinor Energy consent to use the facilities on the Utgard field.The consent applies to the use of Utgard subsea facilities, pipelines, control cables and associated modifications to Sleipner A and T.UtgardThe Utgard field is in the central North Sea, straddling the sector boundary between…
23 July 2019
Saipem: New Contracts in Offshore Drilling in Romania and Abu Dhabi Worth Over 160 million USD
Saipem has been awarded new contracts in offshore drilling in Romania and Abu Dhabi worth over 160 million USD. According to one contract, the company will drill a well in Romania’s Black Sea waters, expectedly in the fourth quarter of 2019. Works will be executed by the semi-submersible rig Scarabeo…
23 July 2019
Neptune Energy Awards EPCI Target Cost Contract for Seagull
Neptune Energy and its joint venture partners BP and JAPEX announced TechnipFMC has been awarded an engineering, procurement, construction and installation (EPCI) Target Cost contract for the Seagull development oil project in the UK North Sea.The Target Cost contract was awarded under a Global Alliance Agreement between TechnipFMC and Neptune…
23 July 2019
Eni Starts the Installation of the Hull of Coral Sul FLNG
Eni has started installation works on the hull of the Coral Sul floating liquefied natural gas (FLNG) treatment and liquefaction unit that will be moored offshore in Mozambique. The unit is part of the Coral South project, which will put in production 450 billion cubic meters of gas from the…
23 July 2019
Heerema Signs First Wind Project in Taiwan
Heerema Marine Contractors has signed a new contract to support the construction of a wind farm project, this time in Taiwan. Assigned by the Taiwan branch of Jan de Nul, Heerema will take on the installation of 21 jacket foundations (4 legged) for the Changhua project.The Changhua Windfarm Phase 1…
23 July 2019
Talon Grows North Sea Portfolio with New Licence Award
Talon Petroleum Limited announced that it has been notified by the UK Oil and Gas Authority of its successful joint bid alongside ONE-Dyas E&P Limited for a licence over Block 14/30b (Licence) via the UK 31st Supplementary Offshore Licensing Round.The joint bid by Talon and ONE-Dyas is part of a…
23 July 2019
31st Supplementary Offshore Licensing Round Awards
The Oil and Gas Authority (OGA) has offered for award 4 licences to 3 companies in the 2019 31st Supplementary Offshore Licensing Round, which closed for applications in May 2019.Eleven blocks were originally on offer in this Supplementary Round which was focussed in the Greater Buchan Area of the UK…
23 July 2019
Oil Discovery Northeast of the Alvheim Field in the North Sea – 25/2-21
Aker BP ASA, operator of production licence 442, has completed the drilling of wildcat well 25/2-21 (Liatårnet).The well was drilled about 40 kilometres northeast of the Alvheim field in the central part of the North Sea, and about 200 kilometres northwest of Stavanger.The primary and secondary exploration targets for the…
22 July 2019
Seadrill Partners Announces Contract Award for the West Polaris
Seadrill Partners ("SDLP") has secured a one year contract for the West Polaris in Southern Asia. Total contract value is expected to be approximately $72 million (including performance incentive and mobilization fees) and commencement is expected in Q1 2020.
22 July 2019
About 40% of Resources Planned to be Sanctioned in 2019 have been given the Green Light
Sanctioning volumes year-to-date have reached 40% of resources planned to be sanctioned in 2019, driven by the $18 billion worth of awards surrounding the Berri and Marjan expansion projects in Saudi Arabia.Full announcement here.