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1 May 2019
Shell U.K. Limited Exercises Option on P2437
Cluff Natural Resources Plc, the natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, announced that Shell U.K. Limited has exercised its exclusive option under the option agreement dated 8 February 2019 between the Company and Shell to farm…
1 May 2019
DNO Completes Norwegian Asset Swaps with Equinor
DNO ASA, the Norwegian oil and gas operator, announced the completion of the asset swap agreement between Equinor Energy AS, a wholly-owned subsidiary of Equinor ASA, and Faroe Petroleum plc, a wholly-owned subsidiary of DNO, following approval by Norwegian authorities.The transaction has an effective date of 1 January 2019.As part…
30 April 2019
The Crown Estate Refines Round 4 Leasing Design in Response to Latest Market Feedback
On 29th April, the Crown Estate presented a market update on its plans for new offshore wind leasing, to be known as Round 4, summarising the feedback it has received from developers since its November engagement events and confirming how this will be taken forward in its updated tender design.During…
30 April 2019
OGA Releases New Podcast on ‘Revitalising Exploration in the UKCS’
The Oil and Gas Authority (OGA) has launched its latest podcast with hosts, Chief Executive Andy Samuel and Nick Richardson, Head of Exploration & New Ventures, getting the lowdown on the exploration scene with three industry leaders:Jenny Morris, Head of Exploration UK & Ireland at EquinorMohamed-Amine Soudani, Exploration Manager at…
30 April 2019
Boskalis Awarded Hornsea 2 Offshore Export Cable Installation Contract
Royal Boskalis Westminster N.V. (Boskalis) has been awarded the offshore export cable installation contract for the Hornsea 2 offshore wind farm. The contract with a value greater than EUR 100 million was awarded by Ørsted Wind Power A/S and consists of three export cable circuits with a total length of…
30 April 2019
McDermott Completes Final Offshore Campaign for Ichthys LNG Project
McDermott International, Inc. announced it has recently successfully completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia.This was the second of two remaining work packages left under McDermott's contract, which was the largest subsea contract ever awarded at the time. Most of the EPCI…
30 April 2019
Otto Energy: Green Canyon 21 Update - "Bulleit" Appraisal Well to Spud
- Final documents have been executed by Otto, Talos Energy and EnVen Energy Ventures, LLC confirming the earn in to the Talos operated Green Canyon 21 lease in the Gulf of Mexico- The Noble Don Taylor drillship is on location and drilling of the Bulleit oil appraisal well is expected…
30 April 2019
Repsol and LLOG Partner to Accelerate U.S. Gulf of Mexico Deepwater Projects
Repsol and LLOG Exploration Offshore announced the signing of an Asset Exchange and Joint Participation Agreement to accelerate plans and optimize the economics of projects in the deepwater Gulf of Mexico.The agreement covers Keathley Canyon blocks 642, 643, 686, and 687 and provides for the drilling of a delineation well…
29 April 2019
Subsea Innovation Deliver Rapid Response Repair Clamps in Under 10 weeks
Subsea Innovation Ltd, part of Tekmar Group plc, have successfully designed, manufactured, tested and delivered two diver installed 10” pipeline repair clamps, delivered to a major international client in less than 10 weeks.The clamps were designed in accordance with Subsea Innovation’s recently acquired DNV GL Type Approval for temporary and…
29 April 2019
SeaBird Exploration: Update on Vessel Acquisition
Reference is made to the stock exchange release by SeaBird Exploration Plc published on 11 April 2019 regarding the exclusive process to acquire the BOA Vessels and issuance of new shares as consideration to certain BOA SBL bondholders.The Company announced that the requisite majority of BOA SBL bondholders has approved…
29 April 2019
DEME Offshore has Signed an Agreement with Equinor to Study Floating Concrete Substructures for Groundbreaking Hywind Tampen Floating Wind Farm
DEME Offshore has signed an agreement with Equinor, a world leading pioneer in floating wind power, to undertake a study examining potential floating concrete substructures for the planned Hywind Tampen wind farm project in the North Sea off Norway's coast. With DEME Offhore’s market expertise and vast track record in…
29 April 2019
OKEA Prepares for its First Drilling Operation to Target Further Upside Potential Within and Surrounding the Draugen Field
OKEA has on behalf of PL093, secured the semi-submersible rig Deepsea Nordkapp to drill for upside opportunities within and surrounding the Draugen field. The drilling operation is expected to commence in Q4 2019.Deepsea Nordkapp will drill one infill pilot well in the Draugen field and one exploration well in the…
29 April 2019
Aker Energy Completes Appraisal Drilling Campaign Offshore Ghana, Continues Work on PDO
Aker Energy Ghana Ltd. (Aker Energy), as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced that it has concluded its appraisal drilling campaign offshore Ghana. The Company is currently working on a revised Plan for Development and Operations (PDO), following scheduled feedback from Ghanaian authorities.“Based on…
29 April 2019
Aker BP Announce First Quarter 2019 Results
Aker BP delivered strong operational performance and exploration success in the first quarter. The company’s field developments progressed as planned and remain on track for first oil from Johan Sverdrup and Valhall Flank West later this year. The company paid a dividend of USD 187.5 million (USD 0.52 per share)…
29 April 2019
WorleyParsons Completes Acquisition of Jacobs ECR Division
On 22 October 2018, WorleyParsons Limited entered into a binding agreement to acquire Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division (Jacobs ECR).On 29 April 2019, WorleyParsons announced it has paid the consideration to complete the US$3.2 billion (A$4.55 billion) acquisition of Jacobs ECR and the acquisition was completed…
29 April 2019
Rig Mobilised for Dorado-2
Carnarvon Petroleum Limited announced that the Noble Tom Prosser jack-up drilling rig began mobilising from the Corvus-2 well location at 24:00 hours on 26 April 2019 and is now close to being on the Dorado-2 well location. The Dorado-2 well is the first appraisal of the significant Dorado discovery that…
26 April 2019
Petrofac Secures Training Solutions Contracts Worth Over US$30 million in Oman, the UAE and Iraq
Petrofac has secured a number of new awards and contract extensions, with a combined value of over US$30 million, to provide training solutions for key National Oil Company and International Oil Company clients in Oman, the UAE and Iraq. In Oman, these include two new awards for the provision of…
26 April 2019
Sparrows Group Secures UKCS Contract Renewals Totalling £30m
Sparrows Group has reinforced its leading position in the North Sea following contract renewals worth an estimated £30 million in revenue in the first quarter of 2019.The renewed agreements with two long standing major operators in the UK Continental Shelf (UKCS) are for the provision of crane management services over…
26 April 2019
Dietsmann Invests in Austrian Robotics Firm Taurob
Dietsmann Smart Robotics Lab (DSRL), a 100%-owned subsidiary of the Dutch Dietsmann Group, makes a substantial investment in Austrian robotics technology specialist Taurob GmbH. An investment and joint development agreement was signed on April 24 by Dietsmann CEO Peter Kütemann and Taurob’s Directors Matthias Biegl and Lukas Silberbauer during a…
26 April 2019
Keppel Delivers Fourth Enhanced KFELS Super A Class Unit to EnscoRowan
Keppel Offshore & Marine Ltd's (Keppel O&M) wholly-owned subsidiary Keppel FELS Ltd has delivered ENSCO 123 to Ensco Rowan plc on schedule and with zero lost-time incidents. Built to an enhanced version of Keppel's state-of-the-art KFELS Super A Class design, the harsh environment jackup rig has been chartered for operations…
26 April 2019
Drilling Permit for Well 7335/3-1 in Production Licence 859
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 7335/3-1, cf. Section 15 of the Resource Management Regulations.Well 7335/3-1 will be drilled from the West Hercules drilling facility in position 73°59'49.86"N and 35°50'13.73"E.The drilling programme for well 7335/3-1 relates to the drilling of a wildcat…
26 April 2019
Consent for Exploration Drilling in the North Sea
Petroleum Safety Authority Norway have given Lundin Norway AS consent to drill wildcat wells in block 16/4 in the North Sea.The consent applies to drilling of the gas pilot wells 16/4-U-2/3/4/5/6 in production licence 359.The work is scheduled to begin in June 2019 and is expected to last 24 days.The…
26 April 2019
New Corporate Plan Sets Out OGA’s Priorities for Next Five Years
The Oil and Gas Authority (OGA) has published its latest Corporate Plan, outlining the priority activities it will focus on over the next five years (2019-2024).The plan includes a summary of recent industry and OGA performance in maximising economic recovery (MER) of oil and gas, and sets out a five-year…
26 April 2019
Katapult Ocean and GCE Ocean Technology Partner to Support Start-ups
GCE Ocean Technology, formerly GCE Subsea, recently went through a name change to signify a new strategic direction. The cluster now wants to be an active faciliatator for technology transfer from the oil and gas industry into new ocean industry sectors.“Katapult Ocean is proud to partner with one of the…
25 April 2019
Tullow Oil plc: AGM Trading Update
Tullow Oil plc (Tullow) has issued the following Trading Update for the period 1 January to 25 April 2019.Full update can be found here.
25 April 2019
Ashtead Technology Acquires Aqua-Tech Solutions in Gulf of Mexico
Ashtead Technology acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the USA.The combined business will see clients in the Gulf of Mexico region benefit from a robust and enhanced offering, allowing more timely and cost-effective access to…
25 April 2019
C-Odyssey Successfully Complete Concrete Mattress Installation Project in Shetland
Leask Marine’s MV C-Odyssey was contracted by Global Marine for the provision of marine services to Scottish and Southern Electricity’s three new replacement cable’s laying project between the islands of Yell and Unst.Leask Marine was contracted for installation of concrete mattresses to protect the replacement cables where the cables cross…
25 April 2019
EMGS Receives Letter of Award
Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on 28 March 2019, wherein the Company announced that it is participating in a sole-sourced tender process for a multi-year acquisition contract. EMGS announced that the Company has now received a letter of award for the…
25 April 2019
Maersk Supply Service Awarded Major FPSO Mooring Project
Maersk Supply Service has been selected to deliver an integrated FPSO mooring installation and replacement solution for an American oil major in the Gulf of Guinea. Maersk Supply Service will provide the full work scope from project management to execution.Responsibilities undertaken as part of the project include engineering, procurement, transportation…
25 April 2019
CNOOC China Limited Signs a Petroleum Contract with PetroChina
CNOOC Limited announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block.Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block are located in the Fushan sag and Leidong sag of Beibu Gulf Basin in…
25 April 2019
ExxonMobil Acquires More Exploration Acreage Offshore Namibia
ExxonMobil has said it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements…
25 April 2019
Shell Announces Deep-water Discovery in Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, announced a significant discovery at the Blacktip prospect in the deep water U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options.“Blacktip is Shell’s second material discovery in the…
25 April 2019
KCA Deutag Awarded a Four-year Drilling Contract Extension on North Sea Platform
KCA Deutag confirmed that its Offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform, which it operates in the UK North Sea.The contract extension, which is for the provision of drilling operations and maintenance services, came into effect…
24 April 2019
HitecVision Announces Sale of Capeomega
HitecVision announced the sale of its portfolio company CapeOmega, a Norwegian oil & gas and midstream infrastructure company, to Partners Group, a global private markets investment manager, in a transaction that values CapeOmega at about EUR 1.2 billion.Formed in 2015, CapeOmega holds significant stakes in some of Norway's key midstream…
24 April 2019
New Petrobras 5 year Contract for OOS Tiradentes
OOS International and CIMC Raffles announced that they have been awarded a 5-year contract for the flotel OOS Tiradentes by Petrobras. The new contract will start Q3/Q4 of 2019.OOS Tiradentes, named after a national Brazilian hero who fought for independence, is successfully working in Brazil for Petrobras and her current…
24 April 2019
Murphy Oil Corporation Announces Strategic Deep Water, Oil-weighted Gulf of Mexico Acquisition
Murphy Oil Corporation announced that its wholly owned subsidiary, Murphy Exploration & Production Company – USA (“Murphy”), has entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C., (“LLOG”). The accretive, cash flow providing Gulf of Mexico…
24 April 2019
Equinor Environment Plan Submission for the Great Australian Bight
The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has received an environment plan submission from Equinor for its proposed petroleum drilling activity in the Great Australian Bight.In accordance with the Environment Regulations, NOPSEMA will now commence its formal assessment of the plan, under which a proposed activity must…
24 April 2019
Equinor Strengthens its Commitment to Climate Leadership
In a joint statement prepared with investors participating in Climate Action 100+, Equinor announced new steps to demonstrate further industry leadership on climate change and strong support for the goals of the Paris Agreement.Equinor has climate at the core of its business strategy and has set short-, medium- and long-term…
24 April 2019
Chevron Awards Archer New Platform Drilling and Maintenance Services Contract for the Alba Northern and Captain Platforms in the UK
Archer Limited announced that Archer (UK) Limited has been awarded a new five-year firm contract with two times one year options for the provision of platform drilling services for Chevron North Sea Limited. As part of the contract, Archer will continue to provide onshore rig operations, maintenance and QHSE management,…
24 April 2019
CSV Southern Ocean Secures New Charter Contract and Returns to Australia
Oceanteam’s CSV Southern Ocean has entered into a contract with Fugro and will undertake a program of IRM work offshore in Australia. The Southern Ocean is currently conducting subsea work in India for J. Ray McDermott. Directly after completion of the current job in May, the vessel will mobilise for…
24 April 2019
Oceaneering Takes Delivery of the Ocean Evolution
Oceaneering International, Inc. announced that the company has taken delivery of the advanced subsea construction support vessel, Ocean Evolution. The vessel has completed sea trials and received all necessary ABS and U.S. Coast Guard certifications and is currently in Port Fourchon, Louisiana, completing final outfitting and preparing for project work…
23 April 2019
BW Offshore: Extension Agreement for BW Cidade de São Vicente
BW Offshore has signed an agreement with Petrobras for a one-year extension for the lease and operation of BW Cidade de São Vicente. The firm period has been extended to Q2 2020 (from Q2 2019).
23 April 2019
Deepwater's Latin America Comeback
Latin America is the hotspot for deepwater project and exploration activity. As more top companies take a risk on exploration plays in the region, what challenges lie ahead?Full Wood Mackenzie report can be found here.
23 April 2019
BP and Partners Sanction $6 billion Azeri Central East Development Offshore Azerbaijan
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. The $6 billion development includes a new offshore platform and facilities designed to process up to 100,000 barrels…
23 April 2019
Chrysaor to Acquire ConocoPhillips’ UK Oil and Gas Business for $2.675 billion
Chrysaor Holdings Limited is to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion. The assets being acquired produced approximately 72,000 barrels of oil equivalent per day (boepd) in 2018. This acquisition increases Chrysaor’s pro forma 2018 production to 177,000 boepd, making Chrysaor one of the largest oil and…
23 April 2019
ExxonMobil Announces 13th Discovery Offshore Guyana
ExxonMobil made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which…
23 April 2019
Petrobras Confirms Extension of Gas and Oil Accumulation in the Moita Bonita Area, in Deep Waters in the Sergipe Basin
Petrobras announced that it has completed the drilling of the well 3-SES-192 (Petrobras nomenclature) / 3-BRSA-1367-SES (ANP nomenclature)l in the area known as Moita Bonita, located in the BM-SEAL-4 concession, 80 km from the city of Aracaju, at a water depth of 2,629 meters.The results of the drilling of the…
23 April 2019
Repsol Sinopec Targets Additional Barrels as Production Efficiency Rises
Work has begun on projects across a number of sites in the Repsol Sinopec portfolio that should realise in the region of an additional 10m boe, beginning later this year.Activity is already under way to reinstate production from the Galley field. A subsea tieback to the Tartan platform, Galley production…
23 April 2019
TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for the ConocoPhillips TOR II Development
TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters.This contract covers the delivery and installation of a subsea production system including installation…
18 April 2019
Kraken Awarded $1 Million Contract for ThunderFish® Robot from Government of Canada
Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has been awarded a contract valued at $1 million with the Government of Canada for the ThunderFish® 300 Autonomous Underwater Vehicle (AUV). Kraken’s ThunderFish® 300 was…