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12 July 2019
New Sole Gas Contract with Visy
Cooper Energy announced it has signed a new gas supply agreement with Visy for the supply of 7.6 petajoules of gas from Sole for three years from January 2020, which may be extended for a further three years.Visy is a leading, privately owned packaging and resource recovery company, with more…
12 July 2019
Oil Discovery in the NOAKA Area
Aker BP is about to complete the Liatårnet exploration well in licence 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 mmboe. Further data acquisition and analysis will be undertaken to determine the drainage strategy and recovery factor for the discovery.Evy Glørstad-Clark,…
12 July 2019
OGA Launches 32nd Offshore Licensing Round with Groundbreaking Supporting Datasets
The Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing areas of the UK Continental Shelf (UKCS). Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of…
11 July 2019
Floating Offshore Wind Project in South Korea
Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have formed a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in South Korea.The consortium is currently launching the development of a 200MW floating wind farm to be located close to…
11 July 2019
Seajacks International Conditionally Awarded Turbine Installation Contract for the Formosa 2 Offshore Wind Farm
Seajacks International has conditionally been awarded a contract with Siemens Gamesa Renewable Energy (SGRE) for the transport and installation of wind turbines at the Formosa 2 offshore wind farm.Formosa 2, developed by Macquarie Capital and Swancor Renewable Energy, will consist of 47 SG 8.0 – 167 offshore wind turbines. Installation…
11 July 2019
Annual Maintenance Works of Nord Stream Pipeline Scheduled for July 2019
From 16 July to 30 July 2019, Nord Stream AG will temporarily shut down both lines of its gas pipeline system for routine maintenance works. The maintenance shutdown is part of the pipeline’s annual inspection cycle and will take place for the seventh time. The annual maintenance works are a…
11 July 2019
JFD Successfully Completes Portable Hyperbaric Reception Facility Mating Trials for TechnipFMC to Enhance its Rescue Capabilities
JFD, the world leading underwater capability provider serving the commercial and defence diving markets has successfully completed rigorous mating trials of its latest Portable Hyperbaric Reception Facility (PHRF) for TechnipFMC, a global leader in subsea, onshore, offshore and surface technologies. The successful completion of the trials, conducted with two of…
11 July 2019
Update on Barryroe Farm-out Transaction
Providence Resources P.l.c., the Irish based Energy Company, provided a commercial and operational update in relation to Standard Exploration Licence (“SEL”) 1/11 which contains the Barryroe oil accumulation. SEL 1/11 is operated by EXOLA DAC (40%), a wholly-owned Providence subsidiary, on behalf of its partners, APEC Energy Enterprises Limited and…
11 July 2019
CNOOC China Limited Signs Cooperation Framework Agreement with Sinopec Corp.
CNOOC Limited announced that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum & Chemical Corporation ("Sinopec Corp.") regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu Basin.The Cooperation Framework Agreement will be implemented in three years…
11 July 2019
Maiden Trip for World's Most Sustainable Crane Vessel Sleipnir
This week, Heerema’s newest vessel Sleipnir will begin her maiden voyage. Sleipnir, the world’s largest and strongest semi-submersible crane vessel (SSCV) was built in Singapore and will set course for Spain. The trip will take about 45 days.Sleipnir is designed to work on large offshore projects such as installing and…
11 July 2019
Fugro Succeeds with New Seep Survey License Sales Offshore Newfoundland
Fugro and partner Amplified Geochemical Imaging (AGI), are reporting recent success selling multiple licences for data from frontier regions offshore east coast Canada.The data were acquired during two separate hydrocarbon seep surveys in the Orphan Basin (2017) and Carson Basin (2018), both situated on the continental margin of Newfoundland.The comprehensive…
10 July 2019
Total Divests Assets in the UK to Petrogas
Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. Petrogas has partnered with Norway-based private equity investor HitecVision.Formerly owned by Maersk Oil, these assets are located in the Eastern North Sea and…
10 July 2019
OGA’s Energy Integration Project Phase 1 Completed
The OGA’s energy integration project has concluded its first phase, a scoping study undertaken by LR Senergy to consider the technical feasibility of oil and gas assets, combined with renewable sources, to enable the transition to a low carbon economy.The OGA has appointed EY to deliver the next phase of…
10 July 2019
Eni Receives Approval for the Abay Subsoil Use Right
The Kazakh Ministry of Energy, KazMunayGas (KMG) and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations on Abay, an offshore area in the Kazakhstani sector of the Caspian Sea.The Abay block is located in the northern…
10 July 2019
Tap Oil Limited: Update to Three Well Development Drilling Campaign
Tap Oil Limited provided updated information in relation to the Manora 2019 development drilling campaign now scheduled to commence on or about 9 July 2019 using the Ensco 115 jack-up drilling rig. The Manora Joint Venture partners approved the drilling of three development wells in this campaign.These drilling operations represent…
10 July 2019
Saudi Aramco Awards Contracts Valued at $18 billion to Increase Marjan and Berri Oilfields’ Production Capacity
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion…
10 July 2019
Dry Well Southeast of the Norne Field in the Norwegian Sea – 6508/1-3
Capricorn Norge AS, operator of production licence 758, has completed the drilling of wildcat well 6508/1-3.The well was drilled about 6 kilometres southeast of the Norne field and 200 kilometres northwest of Brønnøysund.The objective of the well was to prove petroleum in Lower Jurassic reservoir rocks (the Åre formation).Well 6508/1-3…
10 July 2019
Aker BP – Consent for Exploration Drilling in the North Sea
Aker BP has been given consent by Petroleum Safety Authority Norway to drill exploration well 2/1-17. The well belongs to exploration licence 019 in a prospect named Kark, for which BP is the operator.Well 2/1-17 is around 276 kilometres south-west of Stavanger, and its geographical coordinates are:56° 49' 06.15" N03°…
10 July 2019
Subsea 7 Awarded Contract Offshore Norway
Subsea 7 S.A. announced the award of a sizeable(1) contract by Equinor(2) for installation and diving operations on the Europipe II, Heimdal and Statfjord (EHS) fields, located in the Danish and Norwegian sectors of the North Sea.The contract comprises engineering, procurement, construction and installation (EPCI) of pipeline end manifolds (PLEM),…
9 July 2019
Wärtsilä Optimised Maintenance Solution will Improve Reliability & Predictability of Sapura Brazil Fleet
The technology group Wärtsilä has signed a five-year optimised maintenance agreement with Sapura Brazil, a company specialised in sub-sea services. The agreement, signed in June 2019, covers Sapura’s fleet of six pipe-laying support vessels (PLSVs). The agreement will support the fleet’s operational performance and increase both its efficiency and reliability…
9 July 2019
Atlantic Offshore: 3 Contract Updates
Atlantic Offshore informed that DEFRA has declared a 9 month option for Ocean Osprey, commencing end of June. Total UK has declared one year option for Ocean Troll, commencing mid-July, and Equinor has declared one year option for Ocean Marlin, commencing mid-September.
9 July 2019
Allseas Targets Renewables with Acquisition of OTEC Specialist Bluerise
Allseas has acquired Bluerise, a specialist developer of Ocean Thermal Energy Conversion (OTEC) technology that delivers renewable energy solutions.Based in Delft, the Netherlands, Bluerise has been researching and developing OTEC technology for 9 years, designing systems that utilise the natural temperature difference in the ocean between cold deep water (5°C)…
9 July 2019
InfraStrata plc: Exclusivity Agreement for a Floating Storage and Regasification Unit Offshore Barrow-in-Furness in the UK
InfraStrata plc, the UK quoted company focused on the development of natural gas storage capacity, announced that it has entered into an Exclusivity Agreement with Meridian Holdings Co., a Cayman Islands company, to facilitate the development and an acquisition of the Promoter's Floating Storage Regasification and Reloading Unit Project ("FSRU…
9 July 2019
Acteon Acquires Proserv’s Field Technology Services And Survey Businesses
Subsea services group Acteon is adding subsea cutting expertise to its Claxton brand with the acquisition of Proserv’s international Field Technology Services and Survey business units.The Field Technology Services business offers cutting, friction stud welding and pipeline maintenance services from bases in Stavanger (Norway), Houma (USA), Singapore and Aberdeen (UK).…
9 July 2019
Chariot Oil & Gas Limited: AGM Statement
Chariot Oil & Gas Limited, the Atlantic margin focused oil and gas company, held its Annual General Meeting on 9 July at the offices of finnCap, London.At the meeting, Larry Bottomley, Chief Executive Officer, provided a brief portfolio and strategy overview in line with the corporate presentation that is available…
9 July 2019
Archer Awarded Contract for the Modular Drilling Rig Archer Emerald
Archer announced the award of a contract with OMV Taranaki Limited for the provision of drilling services using the modular drilling rig (“MDR”) Archer Emerald, including associated services, materials, equipment and personnel. The contract is for a firm five well contract with two one well options on OMV’s Maui A…
9 July 2019
Tulip Oil Q10 Project and Germany Update
Q10 Project UpdateTulip Oil Netherlands Offshore B.V. (“TONO”), a wholly owned subsidiary of Tulip Oil Holding B.V., announced the latest quarterly Q10 Project update.Initial gas production from the well Q10A-01 started on February 15, 2019. The Project was delivered with no safety incidents, ahead of time and within budget. Three…
8 July 2019
INEOS to Progressively Reduce Flow of the Forties Pipeline System for Repair on one of its three Processing Units at Kinneil
INEOS to progressively reduce flow of the Forties Pipeline System for repair on one of its three processing units at Kinneil.INEOS FPS has this afternoon confirmed that it has started progressively reducing the throughput of the Forties Pipeline System to 150 mbd.An operational issue with the main heater on Train…
8 July 2019
Drilling of the Goddo Well (16/5-8 S) is soon to Commence
The Goddo well (16/5-8 S) in licence PL 815 is expected to be spudded shortly. A contingent horizontal sidetrack (16/5-8 A) will be drilled back to back with the main bore pending the contingencies. The well is located on the Utsira High, not far from the giant oil field Johan…
8 July 2019
Roc South-1 Drilling Update
Carnarvon Petroleum Limited provided the following progress update in relation to the drilling of the Roc South-1 exploration well.Progress and Forward PlanAn 8.5” hole has been drilled to a depth of approximately 4,508 metres Measured Depth (“MD”) with the interpretation of wireline logs indicating no producible hydrocarbons across the Caley…
8 July 2019
Providence Resources P.l.c.: Update on Barryroe Farm-out Transaction
Providence Resources P.l.c., the Irish based Energy Company, provided a commercial and operational update in relation to Standard Exploration Licence (“SEL”) 1/11 which contains the Barryroe oil accumulation. SEL 1/11 is operated by EXOLA DAC (40%), a wholly-owned Providence subsidiary, on behalf of its partners, APEC Energy Enterprises Limited and…
8 July 2019
Deepocean Awarded Contract by Equinor for Marine Operations for Installation of the Vigdis Boosting Station
The award to DeepOcean covers project management, engineering and offshore installation activities. The offshore work includes marine operations for rock removal, installation and tie-in of Subsea Lines and installation of Subsea Structures at the Vigdis and Snorre offshore fields. Various options for the Vigdis campaigns are also included.The onshore project…
8 July 2019
Eco (Atlantic) Oil & Gas Ltd.: Jethro-Lobe Spud, Offshore Guyana
Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, announced that drilling operations have commenced offshore Guyana with the spudding of the first exploration well on its Jethro-Lobe prospect on the Orinduik Block. Jethro-Lobe was spud at…
8 July 2019
Equinor capitalizes shares in Lundin Petroleum for Increased Direct Ownership in Johan Sverdrup and a Cash Consideration
Equinor ASA has agreed with Lundin Petroleum AB to divest a 16 percent shareholding in Lundin Petroleum for a direct interest of 2.6 percent in the Johan Sverdrup field and a cash consideration of around USD 650 million.“Since 2016 we have more than doubled the value of our investment in…
5 July 2019
Frame Agreement Results in Triple Contract Completion for Rever
Rever Offshore, a leading subsea services provider to the oil and gas industry, continues to consolidate its North Sea presence, announcing the successful completion of three standalone contracts for energy major, Total E&P UK.The contracts utilised Rever Offshore’s multi-purpose dive support and offshore construction vessel (DSV) the Rever Polaris, and…
5 July 2019
Joint-venture OOS International B.V. and Sagro: SAGROOS
OOS International, Serooskerke and Sagro‘s- Heerenhoek, both based in Zeeland, The Netherlands, have signed a joint-venture agreement named SAGROOS.In this unique partnership both companies will excel in their distinctive specialisms. OOS International will generate a continues supply of steel to the yard of SAGROOS by executing the offshore removal and…
5 July 2019
Delivery of Safe Eurus
Prosafe has, on 4 July 2019, taken delivery of the Safe Eurus, an advanced and flexible vessel for worldwide operations excluding Norway.The Safe Eurus will shortly begin mobilization to Brazil for commencement of its three-year contract for Petrobras.
5 July 2019
Aker BP - Consent for Exploration Drilling in the Norwegian Sea
Petroleum Safety Authority Norway have given Aker BP consent to drill exploration well 6608/6-1 in production licence 762 in the Norwegian Sea.The drilling location is around 100 kilometres north-east of the Skarv field and 170 kilometres south-west of Røstøyan.Well 6608/6-1, named Vågar, has the following geographical coordinates:66° 30' 02.693" N08°…
5 July 2019
Neptune Energy Selected for Offshore Hydrogen Pilot
Neptune Energy announced it has been formally selected to participate in a pioneering pilot project to create the first offshore hydrogen plant in the Dutch sector of the North Sea.The pilot was commissioned by NexStep, the Dutch Association for Decommissioning and Re-Use, and TNO, the Netherlands Organisation for applied scientific…
5 July 2019
Scarborough Offshore Project Proposal
The Scarborough gas resource, located in Commonwealth waters approximately 375 kilometres off the Burrup Peninsula, forms part of the Greater Scarborough gas fields, comprising the Scarborough, North Scarborough, Thebe and Jupiter gas fields.Woodside Energy Limited (Woodside), is proposing to develop the gas resource through new offshore facilities. All subsea and…
5 July 2019
Shelf Drilling Executes Contract Extensions for Shelf Drilling Mentor and Tenacious
Shelf Drilling, Ltd. announced that it has executed a two-year extension for each of the Shelf Drilling Tenacious and the Shelf Drilling Mentor in continuation of their existing contracts through priced options exercised by the customer. Both rigs are now committed until January 2022.
5 July 2019
Eidesvik Offshore ASA: 3-year Contract Award for Viking Avant
Eidesvik Offshore ASA has been awarded a 3-year contract for Viking Avant from Equinor Energy AS in direct continuation of the current contract expiring end December 2019. In a statement, Jan Fredrik Meling, CEO of Eidesvik Offshore ASA said, “We are very pleased with the new contract award from Equinor,…
4 July 2019
Alba Power – Sulzer – the Next Chapter
On 2 July 2019, Alba Power confirmed that Sulzer have completed the acquisition of Alba Power Limited, starting the next chapter of our success together.Sulzer specializes in pumping solutions and services for rotating equipment, as well as separation, mixing and application technology. The company’s customers benefit from a network of…
4 July 2019
Siem Offshore Inc.: Hugin Explorer
This is with reference to the notice sent to the Oslo Stock Exchange on 4th August 2016.The charterer has on 1st July 2019 paid the last installment as agreed to under the purchase obligation and the vessel has been transferred on the same day to the new owner.
4 July 2019
Offshore Wind Power: Public Consultation on Areas and Regulation
The Norwegian Ministry of Petroleum and Energy has proposed to open the areas "Utsira Nord" and "Sandskallen – Sørøya Nord" for offshore renewables. The ministry also asks for input on whether the area "Sørlige Nordsjø II" should be opened.- Offshore wind power offers great opportunites for Norwegian businesses. In the…
4 July 2019
Zentech Awarded ADNOC Drilling’s Multi-Year Engineering Support Contract
Zentech, Inc. has been selected by ADNOC Drilling on an exclusive basis to provide comprehensive engineering support for all ADNOC Drilling engineering needs for both their Offshore and Onshore drilling rigs.The award includes the full range of the engineering service provision of Zentech including but not limited to structural engineering,…
4 July 2019
Eni Awarded a New Exploration and Production License in Ghana’s Offshore
Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana. This result allows Eni to further consolidate its presence in the Country.Eni will be the Operator of the license and besides Vitol the…
4 July 2019
InfraStrata plc: Islandmagee Project Update
InfraStrata plc, the UK quoted company focused on the development of natural gas storage capacity, provided an update on recent progress with the Company's Islandmagee Gas Storage Project.Project Funding Partners & Final Investment Decision (FID)The Company achieved a transformational milestone for the Project on 11 June 2019 when it entered…
4 July 2019
Africa Oil Corp. to Partner with Azinam on Block 3B/4B, Offshore South Africa
Azinam Limited, the Seacrest Capital-backed South West African-focussed oil & gas exploration company, announced that Azinam and Africa Oil Corp., have entered in an agreement under which Africa Oil shall acquire a 20% participating interest in Block 3B/4B Orange Basin, offshore South Africa. The acquisition is subject to customary regulatory…
4 July 2019
More Oil in the Oseberg Area
Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken. The well was drilled by the Askepott rig and the discovery will soon be put on stream via the new, unmanned and remote-operated H platform on the Oseberg field.Included in the Oseberg Vestflanken…