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31 May 2019
i3 Energy plc Announces Investment
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announced that it has entered into binding terms with funds managed by Lombard Odier Asset Management (Europe) Limited for a £3mm participation in the junior loan note facility, the proposed terms of which were…
31 May 2019
Prosafe: Three-year Contract Signed with Petrobras for Safe Eurus in Brazil
Prosafe has signed a contract with Petrobras Netherlands B.V. for the provision of the Safe Eurus semi-submersible vessel for safety and maintenance support offshore Brazil.The contract commencing Q4 2019 with a firm period commitment of three years will be the first for the Safe Eurus, a vessel designed and built…
31 May 2019
Wood to Lead Subsea Integration and Flow Assurance for Landmark Subsea Development in Australia
Wood has secured a new contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.Effective immediately, the one-year contract will be delivered locally by Wood’s team based in Perth, harnessing local expertise and industry capability.The Jansz-lo…
31 May 2019
Delek Group & Ithaca Energy Limited Announce the Acquisition of Chevron North Sea Limited for USD 2 billion
Delek Group and Ithaca Energy Limited announced that Ithaca is to acquire Chevron North Sea Limited (“CNSL”) for $2 billion. The transaction will add a further ten producing field interests to the existing Ithaca portfolio, four of which relate to assets operated by the Company, resulting in an approximately 150%…
31 May 2019
Announcement of Awards in Predefined Areas (APA) 2019
The Ministry of Petroleum and Energy announced APA 2019 on 29 May 2019, encompassing the predefined areas with blocks in the North Sea, Norwegian Sea and Barents Sea.The deadline to apply for APA 2019 is Tuesday, 27 August 2019 at 12:00. Applicants are encouraged to submit in good time before…
29 May 2019
Wood and NERA Announce New Partnership to Develop World-first Prediction Tool
Wood and NERA (National Energy Resources Australia) announced a new funding partnership arrangement led by Wood, in collaboration with the University of Western Australia (UWA), to support the development of an online hydrate blockage prediction model for operating gas condensate systems.Methane hydrates present a major challenge in multiphase subsea production…
29 May 2019
Cuba's First Licensing Round
Unión Cuba-Petróleo (CUPET) is calling Oil Companies, interested in carrying out exploration and exploitation of Hydrocarbon activities in the Economic Exclusive Zone (EEZ) of the Cuban sector in the Gulf of Mexico to present offers for one or more blocks, under Production Sharing Agreements (PSA).Offered blocks for the first License…
29 May 2019
Supermajor Oil Companies Lead the Way in High Impact Exploration
The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018, limited by a lack of depth in the quality of global drilling opportunities, according to experts at research consultancy, Westwood Global Energy Group.It’s 10th annual ‘State of Exploration’ report reviewed…
29 May 2019
Blue Water Energy Acquires Welding Specialist Pipeline Technique Limited
London-based private equity firm Blue Water Energy announced the acquisition of Pipeline Technique Limited (“PTL”), a leading provider of high-end pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (“HMC”) for an undisclosed consideration. PTL is headquartered in Huntly, UK with additional worksites…
29 May 2019
Petrofac Secures Two North Sea Contract Extensions
Petrofac’s Engineering and Production Services (EPS) business has been awarded two Operations and Maintenance (O&M) contract extensions for long-standing clients worth a combined value of approximately US$32 million.Petrofac secured a 12-month renewal from Total E&P UK (Total) for the supply of O&M support to its Alwyn and Dunbar platforms in…
29 May 2019
SMD Deliver CBT2400 to Boskalis
Soil Machine Dynamics Ltd (SMD) announced the delivery of an ultra-high powered, compact 2400hp Cable Burial Tractor (CBT2400) to BoskalisThe CBT2400 and associated deck equipment were mobilised directly onto Boskalis’ specialist cable lay vessel, the NDEAVOR from the Swan Hunter quayside access point adjacent to SMD’s production facility. The tractor…
29 May 2019
ACE Winches Reels in Gulf of Mexico Deals
ACE Winches, the global leader in the design, manufacture and hire of lifting, pulling and deploying solutions, has been awarded two major contracts in the Gulf of Mexico using their innovative linear winch pull-in systems.The first contract was awarded by Subsea 7 for the Shell Vito project, a deep-water discovery…
28 May 2019
Sembcorp Marine Completes World’s Biggest and Strongest Semi-submersible Crane Vessel for Heerema
The world’s biggest semi-submersible crane vessel (SSCV) is set to blaze a trail when it enters into service in the coming months, armed with the strongest pair of revolving cranes for offshore oil, gas and renewable energy installation and decommissioning jobs.Named after the Norse God Odin’s eight-legged stallion and newly…
28 May 2019
Qatar Petroleum Awards Offshore Topsides and Pipelines FEED Contract
Qatar Petroleum has awarded the FEED (Front End Engineering Design) contract for the North Field Expansion Project's offshore pipelines and topsides facilities.The scope of this FEED, which was awarded to McDermott Middle East Inc., includes engineering design for eight unmanned wellhead platform topsides, four 38" trunk lines and four 28"…
28 May 2019
Seawater Pumps to Golar’s Gimi FLNG unit
Keppel Shipyard in Singapore has awarded Norwegian liquid handling and pump specialist PG Flow Solutions a contract to supply high flow seawater pumps to the Gimi FLNG that is being converted at the yard.PG Flow Solutions will deliver four large seawater pumps, each with a capacity of 5,500 cubic metres…
28 May 2019
Sparrows Group Selects Deladi Petroleum Services as Sole Agent in Brunei
Sparrows Group has appointed Deladi Petroleum Services Sdn Bhd as their sole representative in Brunei.The new agreement creates a partnership to deliver a broad range of equipment and services supporting reliability and operational safety in the oil and gas industry.As part of the collaboration Deladi will have exclusive rights to…
28 May 2019
Repsol has Received Consent for Work at Yme
Repsol Norge AS has received consent from Petroleum Safety Authority Norway for work on the Yme field.The consent applies to work to secure bolts on two belly belts on the caisson and will be performed using access techniques. Personnel enter the facility from a helicopter.The activity is planned to be…
28 May 2019
SOCO International plc: AGM Trading and Operations Update
SOCO International plc, an international oil and gas exploration and production company, issues the following Trading and Operations update. Ed Story, President and Chief Executive Officer, gave a presentation which is available on the Company website www.socointernational.com.Ed Story, President and Chief Executive Officer of SOCO, commented,“SOCO has had a positive…
28 May 2019
Dry Well Near the Trym Field in the Southern part of the North Sea - 3/7-11 S
MOL Norge AS, operator of production licence 539, is in the process of completing the drilling of wildcat well 3/7-11 S.The well was drilled about seven kilometres southwest of the Trym field on the eastern side of the Mandal High, about two kilometres north of the border with Denmark.The primary…
28 May 2019
Drilling Permit for Well 16/5-7 in Production Licence 502
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 16/5-7, cf. Section 15 of the Resource Management Regulations.Well 16/5-7 will be drilled from the Transocean Spitsbergen drilling facility in position 58°42'12.13"N and 02°31'08.81"E.The drilling programme for 16/5-7 relates to the drilling of a wildcat well…
27 May 2019
Aquaterra Energy Marks Global Growth with Australia Office Launch
Aquaterra Energy, a leader in global offshore engineering solutions, has opened its first engineering office and warehouse facility in Perth, Australia following recent regional contract wins.Aquaterra Energy’s new office in Australia’s oil and gas hub comes as the company continues to expand its presence in the Australasia region. The office…
27 May 2019
Subsea 7 and Royal IHC Launch Reel-lay Vessel Seven Vega
On Saturday 25 May 2019, Subsea 7 and Royal IHC successfully launched the fully integrated reel-lay vessel SEVEN VEGA. The ceremony took place at IHC’s shipyard in Krimpen aan den IJssel, The Netherlands, and was performed by Monica Th. Bjørkmann, Vice President for Subsea 7 in Norway. Stuart Fitzgerald, Executive…
24 May 2019
Shearwater and Equinor to Develop Next-Generation Marine Seismic Source Technology
Shearwater GeoServices Holding AS announced a collaboration agreement with Equinor to develop next-generation marine seismic source technology for more efficient and environmentally friendly data collection. The development is supported by the Research Council of Norway.“This collaboration targets an untapped potential of seismic sources with the goal of delivering better quality…
24 May 2019
EnQuest: Operations Update
Strong production growth, up c.25% year on year; 2019 guidance reaffirmed; hedges underpinning cash flow.Full update here.
24 May 2019
iSURVEY Announces Lundin Norway Contract Win
iSURVEY, a leading provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has signed one of its most significant contracts to date.The work scope will see the Norwegian-headquartered surveying company undertake a campaign of drilling hazard surveys in the North Sea and…
24 May 2019
New 2D Contract for SeaBird Exploration
SeaBird Exploration announced a contract award by Wintershall Dea for 2D acquisition in the Norwegian Sea. The survey has an expected duration of one month and start in the third quarter this year.
24 May 2019
Blue Water Energy Acquires Welding Specialist Pipeline Technique Limited
London-based private equity firm Blue Water Energy announced the acquisition of Pipeline Technique Limited (“PTL”), a leading provider of high-end pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (“HMC”) for an undisclosed consideration. PTL is headquartered in Huntly, UK with additional worksites…
24 May 2019
OMV Petrom Signed the Contract for the Decommissioning of the Gloria Marine Drilling Platform
OMV Petrom started the demolition of the Marine Drilling Glider's self-propelled Gloria drilling platform after 40 years of use.It is a complex process, which will take place for the first time in Romania. GSP Offshore, a Romanian company, has won the tender for decommissioning the platform, with an estimated value…
24 May 2019
Teekay Corporation Announces Banff FPSO Contract Extension
Teekay Corporation has entered into an agreement with a subsidiary of Canadian Natural Resources Ltd. (CNR) to extend the employment of the Petrojarl Banff FPSO unit on the Banff field in the North Sea for a period of one year to the end of August 2020 at substantially similar terms…
24 May 2019
Shell Starts Production at Appomattox in the Gulf of Mexico
Royal Dutch Shell plc, through its subsidiary Shell Offshore Inc announced that production has started at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water US Gulf of Mexico.Appomattox, which currently has an expected production of 175,000 barrels of oil equivalent per…
23 May 2019
EIOF - New Contract Extension for Eidesvik Offshore ASA
Siemens Gamesa Renewable Energy has extended the charter of Acergy Viking by one additional year. The new firm period will end January 2022, with options thereafter."We are very pleased with the good cooperation established with Siemens Gamesa, and we look forward to continuing our service deliveries to them", says CEO…
23 May 2019
Sale of Vessel
Farstad Shipping Pte. Ltd., a wholly owned subsidiary of Solstad Offshore ASA, has sold the PSV Lady Melinda (built 2003, 5.454 BHP). Delivery of the vessel to the new owner took place today Thursday May 23rd, 2019.The sale of the vessels will result in an immaterial accounting effect for 2Q…
23 May 2019
Oceanteam: CSV Southern Ocean Reaches Agreement on Charter Extension with McDermott
As a result of the cyclone hitting the Indian coast early May, expected scope of work undertaken by the CSV Southern Ocean (“Vessel”) could not be finalized during the charter period. Both charterer (McDermott) and the Vessel owner, in concertation with next Charterer (Fugro), have agreed on an extension of…
23 May 2019
Cue Exploration Pty Ltd: Ironbark Title Transfers Approved
Approval has been received for the title transfers of exploration permit WA-359-P, which contains the giant Ironbark gas prospect, to new joint venture partners BP Developments Australia Pty Ltd, Beach Energy Limited and New Zealand Oil & Gas.The National Offshore Petroleum Titles Administrator (NOPTA) has notified Cue Exploration Pty Ltd…
23 May 2019
Sierra Leone Offshore Waters Opened to Tender
Mr Timothy Kabba, Director General of the Petroleum Directorate of Sierra Leone has announced on behalf of the country’s Government, the reopening of Sierra Leone’s Fourth Licensing Round.Following the conclusion of a six-month industry consultation that was designed to collate international industry feedback and ensure the success of this round,…
23 May 2019
Dana Gas Spuds High-Potential Exploration Well in the Eastern Mediterranean in Egypt Concession Area
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, announced it has commenced drilling operations on 20 May at its Merak-1 well, offshore Egypt. The location is in 755 meters of water in the North El Arish concession, also known as Block 6. This block is…
23 May 2019
Jadestone Energy Announces First Production From the Stag 49H Infill Well
Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announced that the Stag 49H infill well is in production at a rate of 1,400 bopd.After concluding drilling operations on May 6, 2019, the well was given approximately two weeks for swell packers to…
22 May 2019
Solstad Offshore ASA: PSV Contracts
Equinor UK Limited have declared one year options on two Solstad Offshore ASA platform supply vessel contracts. The Sea Frost and Sea Falcon (both 2013, PX105 Design) will now be on contract until July 2020 and November 2020 respectively, with further options available in Equinor’s favor thereafter.In addition, the Sea…
22 May 2019
Sonardyne Acquires Maritime Survey Software and Construction Specialist EIVA
Leading subsea technology and systems provider Sonardyne International Ltd. has acquired maritime software and equipment specialist EIVA A/S.EIVA will join the Sonardyne group of companies while remaining an independent business and brand. EIVA Chief Executive Officer Jeppe Nielsen, who has been CEO since 2011, will remain in post, while Sonardyne’s…
22 May 2019
Frames Hydraulic Control Systems for Eni Merakes Field Tie-Back
Frames has been awarded a contract to supply TechnipFMC with the hydraulic control systems for subsea wells and subsea isolation valves in the Eni Merakes field tie-back to the existing Jangkrik Floating Production Unit in offshore East Kalimantan, Indonesia.The field’s subsea wells, and the construction and installation of subsea systems…
22 May 2019
Magseis Fairfield Announces LoI for a Deepwater Gulf of Mexico Program
Magseis Fairfield announced that it has received a Letter of Intent (LoI) for a two months deepwater data acquisition program in the Gulf of Mexico. The survey is due to commence late in the fourth quarter of 2019. “The award demonstrates our strong position in the Gulf of Mexico and…
22 May 2019
Drilling Permit for Well 7324/6-1 in Production Licence 855
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 7324/6-1, cf. Section 15 of the Resource Management Regulations.Well 7324/6-1 will be drilled from the West Hercules drilling facility in position 73°39'07,05"N og 24°58'35,39"E.The drilling programme for well 7324/6-1 relates to the drilling of a wildcat…
22 May 2019
Zennor Provides Finlaggan Field Development Update
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…
22 May 2019
Shearwater GeoServices Brings 10th Vessel into Active Operation as Marine Seismic Acquisition Market Gains Traction
Shearwater announced that the company will have a total of 10 vessels in operation for the 2019 northern hemisphere summer season. This extensive fleet is brought into operation on the back of solid backlog and provides marine seismic acquisition services spanning towed and seabed activities in response to rising demand…
21 May 2019
InterMoor Wins Mooring Installation Contract from COOEC for Two Floating Production Units
InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has signed a contract with COOEC, a subsidiary of China National Offshore Oil Corporation (CNOOC), to install deepwater mooring systems for the Liuhua 16-2 and Lingshui 17-2 floating production facilities in the South…
21 May 2019
Equinor Awards NOK 700 million Johan Sverdrup Contract
Equinor awarded a contract for services within insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field to Kaefer Energy AS. Awarded under an already existing framework agreement for operations the contract has an estimated value of more than NOK 700 million. This includes both ordinary operations and maintenance…
21 May 2019
DOF, KONGSBERG, SINTEF Ocean, and NORCE Join Forces to Deliver 'Intelligent Efficiency' for Offshore Operations
DOF has formed a partnership with Kongsberg Maritime, SINTEF Ocean and NORCE, which aims to reduce fuel consumption and greenhouse gas emissions for complex offshore operations, while streamlining fleet-wide maintenance.Enabled through sponsorship and support from Innovation Norway, the new partnership between four of Norway's most established and advanced maritime organisations…
21 May 2019
NKT Wins High-voltage Cable Project to Connect Two Norwegian Offshore Platforms Leveraging the Benefits of Power from Shore
NKT has been awarded the turnkey project from Equinor Energy AS for the 132 kV high-voltage cable connecting the oil and gas platforms Johan Sverdrup 2 and Gina Krog.Equinor has selected NKT as the turnkey supplier for the high-voltage cable project connecting the oil and gas platforms Gina Krog and…
21 May 2019
Arctic LNG 2 and TechnipFMC Sign EPC Contract for the LNG Plant
PAO NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project. The contract terms provide for the launch…
21 May 2019
Fugro Supports Two Ocean Mapping Initiatives with Large Crowd Sourced Bathymetry Contribution
Fugro recently contributed more than 110,000 square kilometres of high-resolution bathymetry data in the North Atlantic Ocean to help improve the quality and coverage of seabed mapping in the region.The dataset, which covers an area the size of Iceland, was delivered to two complementary programs: the Atlantic Ocean Research Alliance…