Search News
Latest News
7 June 2019
New Offshore and Onshore Orders for Welcon
Welcon announced that they have been awarded to deliver 70 bottom sections, 34 middle sections and 34 top sections for the MHI Vestas offshore project named Moray East. The project is located north of Scotland and consists of 100 x 9.5 MW wind turbines. The sections shall be delivered from…
7 June 2019
Cue Exploration Pty Ltd: Ironbark Agreements Completion
Completion of all agreements between Cue Exploration Pty Ltd and BP Developments Australia Pty Ltd, Beach Energy Limited and New Zealand Oil & Gas has been achieved, resulting in the formation of a joint venture to drill the Ironbark-1 well in exploration permit WA-359-P, offshore Western Australia. The well is…
7 June 2019
Anglo African Oil & Gas plc Provide Operational Update on Tilapia Oil-field
Anglo African Oil & Gas plc, an independent oil and gas developer, provided the following operational update.Competent Persons Report ("CPR")Since the announcement of 25 April 2019, the Company has been working on the publication of a CPR covering the Tilapia oil-field in the Republic of Congo. The primary purpose of…
7 June 2019
Another Offshore Renewables Win for Global Energy’s Port of Nigg
Global Energy Group are set to win their next staging port award and the new client will be DEME Offshore, for the Moray East Offshore Wind farm development for what will be an estimated £10 to £12 million contract. Global’s Port of Nigg has been earmarked to provide the services…
7 June 2019
Heavy Lift Jack-up ‘Apollo’ Completes Refit at Damen Shiprepair Dunkerque
DEME Offshore’s newest heavy-lift jack-up Apollo has recently completed a one-month conversion project at Damen Shiprepair Dunkerque (DSDu). This complex contract involved the installation of a moon pool on the main deck. The technical demands combined with the limited time available required highly precise planning together with working around the…
6 June 2019
McDermott Announces Contract Agreement for Mozambique LNG Development
McDermott International, Inc. announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development.CCS JV's project scope includes the onshore engineering, procurement and construction (EPC) for all components…
6 June 2019
JDR Cables Wins Contract for Belgium's Largest Offshore Wind Farm
JDR Cables, part of the TFKable Group, has signed a contract with DEME Offshore for the SeaMade offshore wind farm after a competitive tender. JDR will design, manufacture and deliver 78.1 kilometres of aluminium core inter-array cables and a range of cable accessories, including repair joints and connectors.JDR’s established track-record…
6 June 2019
MDL Accelerates Rever Offshore’s North Sea Campaign
Maritime Developments has completed two different work scopes for Rever Offshore and is en-route to the third project in the campaign.The completed missions, started in April, included installation and decommissioning of products in two North Sea fields, using a horizontal spread solution on board the Normand Clipper.For the first work…
6 June 2019
Deep Casing Tools Forms Alliance with National Oilwell Varco Completion Tools in Norway
International casing and completion technology business, Deep Casing Tools (DCT), has formed an alliance in Norway with American multinational corporation National Oilwell Varco Completion Tools (NOV Completion Tools).The agreement gives NOV Completion Tool’s growing Completions & Production Solutions Division access to DTC’s unique technology including its Turbocaser, Turborunner and MechLOK…
6 June 2019
PGNiG on Route to Production form Ærfugl Gas Reservoir in the Norwegian Sea
The first well is expected to start production in June 2020. By the end of the year the next three wells will commence production. The Ærfugl project will be developed using innovative technical solutions.According to the Ærfugl Plan for Development and Operation the field will be developed in 2 phases…
6 June 2019
Dorado Appraisal Confirms Major Oil and Gas Resource
Santos announced the Dorado-2 appraisal well has confirmed a major oil and gas resource in the Bedout Basin, offshore Western Australia. The well was drilled down-dip approximately two kilometres from the Dorado-1 discovery and encountered 85 metres of net reservoir in the primary Caley Formation. As expected, an oilwater contact…
6 June 2019
ExxonMobil, Partners to Redevelop Angola Block 15 to Increase Production
On 5 June, ExxonMobil and its partners said they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10…
6 June 2019
Energy Perspectives 2019: Delaying Climate Action Increases the Challenge
Current climate actions are far from enough to put the world on a path to keep global warming well below 2 degrees. Global emissions increased in 2018 to reach an all-time high – and the longer this continues, the stronger measures will be necessary to reach common goals. The need…
5 June 2019
BP Keeps Advancing its Trinidad and Tobago Business
On 31 May, BP’s Upstream chief executive Bernard Looney emphasized the company’s long-term commitment to Trinidad and Tobago during a meeting with the Honourable Prime Minister Dr Keith Rowley and other T&T Government representatives at BP’s head office in London.Looney said: “BP values our long-term partnership with Trinidad and Tobago.…
5 June 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 (“APEC”)…
5 June 2019
Spectrum Announces New 3D Survey in the UK's Southern North Sea
Spectrum has commenced the first phase of a new high-density regional Multi- Client 3D survey, over a 2019 prioritised area of the UK's Southern North Sea.The survey, which is fully supported and funded by clients, is targeting an area of recently-increased industry focus. It aims to provide improved imaging of…
5 June 2019
Ideol and Atlantique Offshore Energy Launch the Commercialisation of the World’s First Floating Electrical Offshore Substation
Ideol, the internationally recognized leader in floating offshore wind, and Atlantique Offshore Energy, Chantiers de l’Atlantique Business Unit specialized in Offshore projects providing leading EPCIM solutions of substations to the bottom-fixed offshore wind industry, held a whole-day technical seminar in Paris on 4 June and unveiled the details of their…
5 June 2019
EMGS Signs Multi-year Acquisition Contract with PEMEX
Reference is made to the stock exchange notifications published byElectromagnetic Geoservices ASA ("EMGS") on, respectively, 28 March 2019 and 23 April 2019, wherein the Company informed that it had received a letter of award for a multi-year acquisition contract.The final contract with the end customer, PEMEX, has now been signed.As…
5 June 2019
Hurricane Energy plc: Lancaster EPS First Oil
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provided an operational update in relation to the Early Production System development of the Lancaster field.On 4 June 2019, the Aoka Mizu FPSO's start-up phase completed with a 72-hour production test…
4 June 2019
Equinor Awarded Five New Licences on the UK Continental Shelf
Equinor has been awarded five licences by the Oil and Gas Authority (OGA) - four as operator and one as partner.“We are pleased to have been awarded these licences in the 31st Offshore Licensing round. These awards in this frontier licensing round are important in continuing our high level of…
4 June 2019
Offer of Awards for the UK’s Frontier 31st Offshore Licensing Round
The Oil and Gas Authority (OGA) has offered for award 37 licence areas over 141 blocks or part-blocks to 30 companies in the 31st Offshore Licensing Round.These successful awards act as a strong platform for future exploration and production in frontier areas of the UK Continental Shelf (UKCS) in the…
4 June 2019
Providence Resources P.l.c. Provides Licence Update on Frontier Exploration Licence 3/04 Located in the southern Porcupine Basin
Providence Resources P.l.c., the Irish based Energy Company, provided a licence update on Frontier Exploration Licence (“FEL”) 3/04 located in the southern Porcupine Basin. FEL 3/04 is operated by Eni Ireland BV (36.913%) on behalf of its partners, Repsol Exploracion Irlanda SA (33.557%), Providence Resources P.l.c. (26.846%) and Sosina Exploration…
4 June 2019
CGG Signs Binding Term Sheet with Shearwater for High End Seismic Vessels and Creation of Global Leader Streamer in Technology
CGG S.A. have signed a binding term-sheet with Shearwater GeoServices Holding AS for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company.The term-sheet covers the purchase of five high-end streamer vessels jointly owned by CGG Marine Resources Norge AS and Eidesvik Offshore ASA…
4 June 2019
GC Rieber Shipping: Shearwater Awarded TGS Atlantic Margin 2019 Survey in the Norwegian Sea
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices Holding AS announced the award by TGS of a 3D multiclient project in the Norwegian Sea. The project will be executed by the Polar Duchess, covering an 8,000 sqkm area with long offset triple source data acquisition. The survey will…
4 June 2019
Dry Well in the North Sea – 15/6-15
Aker BP ASA, operator of production licence 814, has completed the drilling of wildcat well 15/6-15.The well was drilled about 15 kilometres north-east of the Gina Krog field and 225 kilometres west of Stavanger. The well is dry.The primary exploration target for well 15/6-15 was to prove petroleum in reservoir…
4 June 2019
Eni Announces the Fifth Light Oil Discovery in Block 15/06, Offshore Angola
Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place.The Agidigbo-1 NFW has been drilled…
4 June 2019
BP to Divest Mature Oil Assets in Egypt to Dragon Oil
BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf of Suez Petroleum Company (GUPCO). Dragon…
4 June 2019
Prosafe and Floatel Seek Merger in Challenging and Changing Market
Prosafe SE and Floatel International Ltd have signed an agreement to merge their respective businesses.The aim is to create a more robust company with improved services and geographical presence, able to sustain a prolonged cyclical downturn and challenging markets for offshore accommodation.Prosafe SE, Stavanger, is a leading owner and operator…
4 June 2019
Equinor Sets New Timeline for Rosebank Project
Equinor and its partners confirmed a new timeline for the Rosebank project on the UK Continental Shelf (UKCS). Following the award of a three-year extension for the Rosebank licences by the UK Oil and Gas Authority, a final investment decision for Rosebank is planned to be taken by May 2022.…
4 June 2019
UKCS Technology Portal
Following the publication of the 2018 Technology Insights Report in May, the Oil & Gas Authority (OGA) has launched a UKCS technology portal.The portal is based on information provided by operators through the OGA’s Stewardship Survey and other sources. It enables operators to access information and lessons learned on technology…
3 June 2019
Boskalis Subsea Services Cements Position in North Sea with £100M in Contracts
Boskalis Subsea Services has cemented its position in the North Sea and affirmed its commitment to Aberdeen with new contracts, more people and bigger premises.Boskalis Subsea Services has been awarded a clutch of contracts, totalling in excess of £100million, in the North Sea over the last six months. These include…
3 June 2019
i3 Energy plc: Closing of £22mm Junior Facility and £2mm Share Placing
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announced that it has closed investments with funds managed by Bybrook Capital LLP, BP Oil International Limited, funds managed by Lombard Odier Investment Managers group, and James Caird Asset Management in a £22mm junior…
3 June 2019
US GoM Production on Pace for Record Year
Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, according to Rystad Energy.Thanks to an impressive sprint, Royal Dutch Shell has started producing oil and gas at its Appomattox deepwater platform in GoM several months ahead of its expected startup…
3 June 2019
Joint Venture for the Supply of Plexus "HG"™ Production Wellheads, Surface Xmas Tree and Valve Package
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, announced the formation of PPC, a majority owned JV which will exclusively supply Plexus with surface production xmas trees and wellhead annulus outlet valves. Following the sale…
3 June 2019
Beach Energy Limited: Otway Sale Completion
Beach Energy Limited advised that the sale of an interest in the Otway assets to O.G. Energy has completed.Full announcement can be found here.
3 June 2019
Siemens Gamesa Receives Firm Order for wpd’s 640 MW Yunlin Offshore Wind Power Project in Taiwan
Following its selection as preferred supplier in May 2018, Siemens Gamesa Renewable Energy (SGRE) has received the firm order by wpd offshore to supply the 640 megawatt (MW) Yunlin offshore wind power plant in Taiwan. Located approximately six kilometers from shore in the Taiwan Strait, the plant will feature 80…
3 June 2019
Bristow Secures Contract with BP plc
Bristow Group Inc. announced a new contract with BP plc, to support its North Sea operations. The contract, with a five year primary term, commenced on May 13, 2019.Bristow will deliver a fully integrated aviation solution to BP plc from bases in Aberdeen and Sumburgh. New pilot and crew positions…
3 June 2019
Polarcus Awarded Wide-azimuth Project Offshore in the Americas
Polarcus Limited announced that an award has been received for a wide-azimuth project to be acquired in the Americas. Polarcus Naila and Polarcus Adira will perform the acquisition.The project is expected to commence in early August 2019 with a duration of approximately four months; a total of eight vessel months.…
31 May 2019
Offshore Wind Accelerator Tender: Subsea Cable Design Study
Call for entries from companies and consortia interested in undertaking a study looking into improved cable designs for bottom-fixed offshore wind farms (OWF) that are fit-for-purpose and optimised for their operating environments.The key objective of this study is to evaluate and recommend potential improvements to subsea cable designs for bottom-fixed…
31 May 2019
Offshore Wind Accelerator Tender: Inter-Array Cable Fault Detection, Monitoring and Action
Call for entries from companies and consortia interested in undertaking a study to evaluate the need for fault detection and monitoring on the array system and how these would work in combination with other systems and site processes to minimise generation down time.Cable failure in an offshore wind farm (OWF)…
31 May 2019
WFS Technologies Unveils New Seatooth® Assure Riser Monitor for Through Water-air Boundary Communications
WFS Technologies, a global leader in Subsea Internet of Things (SIOT®) devices, unveiled solutions to tackle the real-time monitoring of offshore risers both above and below surface, on fixed structures including jackets and braces. The new products allow for the measurement of 9-axis motion (vibration, orientation), local analytics and the…
31 May 2019
Central Scotland Firm Appointed to ExxonMobil Jetty Life Extension Project
A West Lothian firm has been awarded a major contract that will help extend the life of the ExxonMobil jetty facility at Braefoot Bay Marine Terminal in Fife. The tanker terminal exports liquefied petroleum gas to Europe and the USA after being produced at Fife Ethylene Plant, using feedstock from…
31 May 2019
Jan De Nul Launches Fourth Ultra-Low Emission Vessel
Jan De Nul Group launched its fourth Ultra-Low Emission vessel last week in Singapore. It concerns the 6,000 m³ Trailing Suction Hopper Dredger Sanderus built at the Keppel Offshore & Marine shipyard.This green vessel is the first of two identical medium-sized hopper dredgers under construction at Keppel O&M’s shipyard in…
31 May 2019
Helix Energy Solutions Group Acquires Control of Aberdeen-Based Subsea Technologies Group Limited
Helix Energy Solutions Group, Inc. has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company that specializes in the design and manufacture of world-class subsea pressure control equipment, including well intervention, well control and subsea control systems. Terms of the acquisition were not disclosed.Scotty…
31 May 2019
Cluff Natural Resources Plc: Completion of Farm on Licences P2252 to Shell U.K. Limited
Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, announced that it has received Oil and Gas Authority (or ‘OGA’) approval in relation to the Farm-out of Licence P2252 to Shell U.K.…
31 May 2019
Vår Energi – Consent for Removal and Disposal – Jotun B
Vår Energi has applied for consent for the removal and disposal of the Jotun B facility. Petroleum Safety Authority Norway have now granted the company this consent.The consent, with reference to the Management Regulations Section 25 (4) item e, is granted on the basis of documentation submitted in connection with…
31 May 2019
Carnarvon Petroleum Limited: New 3D Seismic Survey
Carnarvon Petroleum Limited announced that a new 3D seismic survey has commenced (referred to as the “Keraudren 3D”) over the Dorado and Roc discoveries and a number of nearby prospects. Prior to the award of WA-435-P, WA-436-P, WA-437-P and WA-438-P to Carnarvon and its partner, no 3D seismic existed in…
31 May 2019
Launch of the Innovative European “3D” Project for the Capture and Storage of CO2 on an Industrial Scale
A consortium of 11 European stakeholders including ArcelorMittal, Axens, IFP Energies nouvelles (IFPEN) and Total, launched a project 28 May to demonstrate an innovative process for capturing CO2 from industrial activities—the DMX™ project. It is part of a more comprehensive study dedicated to the development of the future European Dunkirk…
31 May 2019
Vos Prodect Innovations BV: HV Cable Hang-off System Contract
Hellenic Cables - Fulgor SA has awarded a contract to Vos Prodect Innovations BV, to design & deliver sealed cable hang-off systems for 6 High Voltage sealed cable hang-off systems, to be installed on 3 offshore platforms, located in Belgium.The Cable hang-off systems are designed for securing submarine cables at…
31 May 2019
Eni Acquires Rights in Three New Exploration Licenses in Mozambique
Eni, through its subsidiary Eni Mozambico, has acquired rights to explore and develop offshore blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche and Zambezi Basins. Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada (ExxonMobil) and authorized by Mozambican institutions, Eni acquires a…