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18 April 2019
Jadestone Energy Results for the Period Ending December 31, 2018 Record Quarterly Revenue and Cash from Operations
Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, reported today its consolidated audited financial statements (the “Financial Statements”), as at and for the twelve-month period ended December 31, 2018.From January 1, 2018, the Company has moved…
18 April 2019
Transocean Ltd. Provides Quarterly Fleet Status Report
Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.Since its last report Transocean added approximately $373 million in contract backlog, bringing total backlog to $12.1 billion.This quarter’s report includes the following…
18 April 2019
MMA OFFSHORE AWARDED WOODSIDE WALK-TO-WORK VESSEL CONTRACT
MMA Offshore is proud to announce that it has been awarded a contract by Woodside to provide accommodation and walk-to-work vessel services to support platform maintenance operations on Woodside’s Australian assets over two scopes scheduled to commence in April 2019.The MMA Pinnacle, a Multi-Purpose Support Vessel (MPSV) will be fitted…
18 April 2019
Keppel secures integration and upgrading contracts worth around S$160 million
Halliburton Awarded Shell Offshore Exploration ContractKeppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Shipyard Ltd (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), secured integration and upgrading contracts worth a combined value of about S$160 million.Mr Chris Ong, CEO, Keppel O&M, said, "These contracts from…
18 April 2019
Halliburton Awarded Shell Offshore Exploration Contract
Halliburton Company (NYSE: HAL) today announced the execution of an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive greater efficiency…
18 April 2019
Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
Subsea 7 today announced Seaway 7 has been selected by Vattenfall as one of its partners for the Hollandse Kust Zuid (HKZ) 1 & 2 offshore wind farm project. Seaway 7’s envisaged scope of work includes the transport and installation of 76 monopile foundations and the laying of the inter-array…
17 April 2019
DNV GL in UK extends contract for Dana Petroleum
DNV GL has secured a 3 year contract across the Dana Petroleum operated assets on the United Kingdom Continental Shelf (UKCS).DNV GL has worked with Dana Petroleum since 2012 with the development of the Western Isles floating production storage and offloading (FPSO) vessel. The Triton FPSO has now been added…
17 April 2019
The West of Shetland comes of age
Despite challenges, the West of Shetland is increasingly important to offshore UK oil and gas activity. Four levers can help lower breakeven costs to make the province globally competitive.more
17 April 2019
'Warwick Deep' 205/26b-C Well Spudded
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that the 205/26b-C well ("Warwick Deep") was spudded at 18:48 hrs on 16 April 2019 using the Transocean Leader rig.Warwick Deep is the first in a three-well programme on Hurricane's…
17 April 2019
Pandion Energy acquires 20 percent of PL 263 D & E from Equinor
Pandion Energy AS (Pandion Energy) has entered into an agreement with Equinor Energy AS (Equinor) to acquire a 20 percent interest in licenses PL 263 D and PL 263 E, containing the Appolonia prospect. The licenses are located in the prolific Haltenbanken area of the Norwegian Sea in blocks 6407/1…
17 April 2019
ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields
ConocoPhillips today announced it has completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustments.“We are pleased to complete this transaction with the government of Timor-Leste,” said Matt Fox, executive vice president and…
17 April 2019
Shell Announces Sale Completion of its Greater Sunrise Interest
Shell Australia has completed the sale of its interest in the Greater Sunrise fields to three wholly-owned nominees of Timor Gap, the national oil company of Timor-Leste, for US$300 million.Chairman of Shell Australia, Zoe Yujnovich said the transfer of ownership marks a new chapter for the Government of Timor-Leste in…
17 April 2019
Drilling permit for wells 6507/3-13 and 6507/3-13 A in production licence 159 B
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for wells 6507/3-13 and 6507/3-13 A, cf. Section 15 of the Resource Management Regulations.Wells 6507/3-13 and 6507/3-13 A will be drilled from the Transocean Spitsbergen drilling facility in position 65 59`26.44 N and 07 44`43.02 E.The drilling programme…
17 April 2019
Drilling permit for well 25/11-29 S in production licence 916
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/11-29 S, cf. Section 15 of the Resource Management Regulations.The well will be drilled from the Deepsea Stavanger drilling facility in position 59°02'48.44"N and 02°26'21.80"E after the rig has carried out well operations on the Volund…
16 April 2019
Nord Stream 2 Submits Third Application in Denmark – Despite Legal Reservations
Today, more than two years after submitting its first application for a route through Danish waters, Nord Stream 2 AG has submitted a third application. The third application, together with the Environmental Impact Assessment (EIA), covers a route in the Danish exclusive economic zone (EEZ) in the waters south of…
16 April 2019
Successful Corvus-2 appraisal well discovers significant offshore resource
Santos today announced the successful appraisal of the Corvus field, with Corvus-2 confirming a significant gas resource in the Carnarvon Basin, offshore Western Australia.The well, located in petroleum permit WA-45-R, in which Santos has a 100 per cent interest, is approximately 90 kilometres northwest of Dampier in Commonwealth waters and…
15 April 2019
McDermott Awarded Large Offshore EPCI Jackets Contract by Qatargas
McDermott International, Inc announced today a large* contract award from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar.The contract for new facilities includes the full suite of EPCI services for eight new offshore jackets.McDermott plans to use…
15 April 2019
Consent for the use of Island Constructor
Consent has been granted to Norske Shell to use the Island Constructor mobile drilling facility for activities on the Knarr and Ormen Lange fields.more
15 April 2019
Consent to Vår Energi for the use of the Ringhorne facility
Consent has been granted to Vår Energi to use the Ringhorne facility for production drilling on the Ringhorne field.more
15 April 2019
Significant New Gas Discovery at Karish North
Energean Oil and Gas plc (the oil and gas producer) focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery. more
15 April 2019
Chevron Announces Agreement to Acquire Anadarko
Chevron Corporation announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11th, 2019 and under…
15 April 2019
CNOOC Signs a PSC with Smart Oil
CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Bohai 09/17 Block (contract area).more
15 April 2019
JOGMEC Provides Equity Financing to INPEX's Exploration Project in the Joint Petroleum Development Area in the Timor Sea
INPEX Offshore Timor-Leste holds a 35.47% participating interest in the JPDA11-106 Contract Area of the Joint Petroleum Development Area in the Timor Sea, which is jointly administered by the Democratic Republic of Timor-Leste and Commonwealth of Australia. The operating 40.53% interest is held by Eni JPDA 11-106 B.V. (Operator) and…
12 April 2019
SAPURA ENERGY SECURES RM1.3 BILLION NEW WINS, INCLUDING FIRST CONTRACT FOR THE ROYAL AUSTRALIAN NAVY AND ENTRY INTO EGYPT
Sapura Energy Berhad (Sapura Energy) registered a strong start to its financial year with five new contracts valued at approximately RM1.3 billion for its Engineering and Construction as well as Drilling segments. Among the new wins is the Submarine Rescue Service contract for The Royal Australian Navy, which is a…
12 April 2019
Experienced and specialist offshore team joins BSM Offshore UK
After setting up its new business unit BSM Offshore, focusing on the developing oil and gas and energy renewables markets in September 2018, BSM improves its offshore capabilities even further.A core team of ex-employees of Sealion Shipping – Managers and Operators of the Toisa Fleet – have joined BSM Offshore…
12 April 2019
1,000 Kilometres of the Nord Stream 2 Pipeline Laid
A total of 1,000 kilometres of the Nord Stream 2 gas pipeline has now been laid in Finnish, Swedish and German waters. Two Allseas pipelay vessels – Solitaire and Pioneering Spirit – are currently installing the pipeline in the Swedish Exclusive Economic Zone. Some twenty vessels are currently being engaged…
12 April 2019
SeaBird Exploration Plc: Vessel acquisitions and contemplated private placement
SeaBird Exploration Plc ("SeaBird" or the "Company") is pleased to announce that the Company is in an exclusive process to acquire the seismic vessels BOA Galatea and BOA Thalassa (the "BOA Vessels") in a transaction which values the vessels at NOK 185 million on an en-bloc basis (the "Transaction"). The…
12 April 2019
The Goverment proposes state contribution for funding of CCS exploration well
As part of the Norwegian full-scale carbon capture and storage-project (CCS),the Norwegian Government will propose to the Parliament that the Norwegian state contributes with funds for an exploration well for CO2-storage on the Norwegian Continental Shelf (NCS).The Government has an ambition of realizing a cost efficient solution for full scale…
12 April 2019
Bassoe Analytics’ offshore rig market survey shows optimism is back
Survey respondents think drilling rig demand will increase and the harsh environment semisub market is undersupplied, but peak oil demand is a growing concern.For more information, click here.
12 April 2019
Nordic American Offshore Ltd. Announces Completion of Vessel Acquisition and Sale of Common Shares under Equity Line of Credit
Hamilton, Bermuda-April 10, 2019-Nordic American Offshore Ltd. (the “Company” or “NAO”) announced today that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. for 8,126,219 common shares at $2.7774/ share.In a separate transaction, the Company has sold 3,240,418 common shares under its Equity Line…
12 April 2019
Lundin has received consent for exploration drilling in the North Sea
Lundin is the operator for production licence 815. We have now given the company consent for exploration drilling of wells 16/5-8 S and 16/5-8 A.The wells are to be drilled in the North Sea, in the vicinity of the Edvard Grieg field.The drilling location will have the following geographical coordinates:58°…
11 April 2019
Barque Work Programme Extended
The deadline for a decision about whether to drill an exploration well in the Clipper permit, east of Oamaru, New Zealand, is to be extended by three years.Clipper contains the multi-tcf Barque prospect located about 60 kilometres east of Oamaru.The Energy and Resources Minister has extended the work obligations in…
11 April 2019
KBR Awarded Pre-FEED Contract for Phases 2 and 3 of BP’s Greater Tortue Ahmeyim Project
KBR announced today that BP has awarded KBR's UK operating subsidiary the Pre-FEED Services contract for Phases 2 and 3 of BP's Greater Tortue Ahmeyim project, for the further development of Tortue field beyond Phase 1, located at the maritime border of Senegal and Mauritania. These next phases of the…
11 April 2019
Total and the State of Papua New Guinea sign Gas Agreement for Papua LNG project
Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project. This Gas Agreement allows the partners to enter the Front-End Engineering Design (FEED) phase of study that will lead to…
11 April 2019
Aker Solutions and FSubsea to Create FASTSubsea to Boost Subsea Oil Recovery
Aker Solutions and FSubsea have agreed to create FASTSubsea to help operators increase oil recovery in a faster, simpler and more environmentally friendly way.Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than 20 percent, but cost, space limitations and sometimes complex solutions mean multiphase…
11 April 2019
CGG 2D Survey Offshore Gabon Completed
Acquisition of CGG’s 9,800 km long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin has been completed. Fast-track data sets will be delivered in batches from the end of April, giving interested oil companies sufficient time to understand offshore petroleum systems and appraise blocks offered in…
11 April 2019
Norway refuses to drill for billions of barrels of oil in Arctic, leaving ‘whole industry surprised and disappointed’
The largest party in Norway’s parliament has delivered a significant blow to the country’s huge oil industry after withdrawing support for explorative drilling off the Lofoten islands in the Arctic, which are considered a natural wonder.more
11 April 2019
Zennor Provides Finlaggan Field Development Update
Zennor Petroleum Limited (“Zennor”), 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…
11 April 2019
TechnipFMC awarded a significant Subsea contract for the Lapa Pre-Salt Field in Brazil
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant (in the region of $75m - $250m) contract for Lapa field by Total E&P do Brasil Ltda. (“Total”), on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil S.A. (25%) and…
11 April 2019
The Carlyle Group to acquire a significant minority shareholding in CEPSA from Mubadala based on an enterprise value of $12 billion
Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and global investment firm The Carlyle Group (NASDAQ: CG) have announced today that funds affiliated with Carlyle will acquire a significant minority interest in Compañía Española de Petróleos, S.A.U (Cepsa) from Mubadala. Headquartered in Madrid, Spain, Cepsa is Europe’s largest privately-owned…
11 April 2019
Global Discoveries on the Rise as Majors take a Bigger Bite
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.more
11 April 2019
HydraWell to plug on the UKCS
HydraWell has signed a contract with an undisclosed UK-based supermajor to provide equipment and personnel for plug and abandonment (P&A) services in the UK North Sea.The contract is valid for five years and is expected to be utilised for operations on a non-producing field in the UK sector of the…
11 April 2019
TGS and PGS announce North Tablelands 3D and Southeast Grand Banks 2019 2D
TGS and PGS announce the North Tablelands 3D and Southeast Grand Banks 2019 2D multi-client projects in Offshore East Canada.North Tablelands 3D will cover approximately 5,000 km2 and together with the 2018 Tablelands 3D survey, spans most of the open acreage included in the November 2020 bid round. Acquisition will…
11 April 2019
Lebanon Officially Confirms 2nd Offshore License Round
The Lebanese government has approved the opening of the country’s much-anticipated 2nd offshore licensing round. Interested companies will be expected to submit their bids by 31 January 2020.more
11 April 2019
Energean Announce Completion of Drilling Operations in Mediterranean
Energean Oil and Gas plc the oil and gas producer focused on the Mediterranean, is pleased to announce successful completion of drilling operations of the extended reach well, EA-H3. The well was brought into production on 1 April and is currently producing at a stable dry oil rate of more…
11 April 2019
Fairfield, Dunlin A – Cormorant A pipeline decommissioning
The Dunlin Alpha to Cormorant Alpha Pipeline (PL5) Decommissioning Programme consultation draft has been published and is available to view online, here.
11 April 2019
Kishorn Port secures Waste Management Licence and invests a further £1.6 million
Kishorn Port Ltd (KPL) has secured a Waste Management Licence (WML) from the Scottish Environment Protection Agency (SEPA) for the decommissioning of off-shore oil and gas assets at Kishorn Yard and Dry Dock.This will allow KPL to engage in the growing North Sea decommissioning sector and is one of the…
11 April 2019
Sirius Petroleum Operational Update for Ororo Field
Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces that Shelf Drilling’s Adriatic-1 rig has reached Target Depth on its current operation and is concluding the testing and logging programme. The Company is awaiting a further update from Shelf Drilling regarding the release of the…
5 April 2019
Havila Shipping ASA: One year extension with Total E&P UK for PSV Havila Commander
Total E&P UK Ltd has extended the contract for PSV Havila Commander for one year.The contract is in direct continuation of existing contract and will keep the vessel working for Total until mid April 2020.