Search News
Latest News
5 April 2019
Ocean Power Technologies Wins Contract With Leading Oil & Gas Operator
Ocean Power Technologies, Inc. (OPT), a leader in innovative and cost-effective ocean energy solutions, has signed a contract with a leading oil and gas exploration and production company to complete a 12-week paid feasibility study that will examine the use of OPT’s products and services in monitoring subsea wells during…
5 April 2019
Ocean Power Technologies And Acteon Field Life Service Announce Collaborative Agreement
Ocean Power Technologies, Inc. (OPT), a leader in innovative ocean energy solutions, and Acteon Field Life Service Ltd, a subsidiary of Acteon Group Ltd and a leading subsea services and solutions company, announced a non-exclusive memorandum of understanding to develop, explore and exploit mutual opportunities in the global oil and…
5 April 2019
EDS HV Group Awarded 15-year O&M Contract at Greater Gabbard
High voltage engineering specialist EDS HV Group (EDS), part of the UK’s leading marine services company – James Fisher and Sons plc, has been awarded a significant 15-year operations and maintenance (O&M) contract for OFTO assets at Greater Gabbard. The contract has been awarded by Equitix Investment Management Ltd which…
5 April 2019
New Study can Help Coastal Communities Benefit from Local Energy Solutions
A new study commissioned by Crown Estate Scotland provides a potential way forward for a more localised approach to offshore renewable energy deployment in coastal and island communities across Scotland.The study, carried out by specialists Everoze, looked at six scenarios linked to a number of renewable technologies such as floating…
5 April 2019
Saipem Awarded New Offshore Drilling Contracts Totalling Over 200 million USD
Saipem has been awarded new contracts in Offshore Drilling in Norway and Middle East totalling over 200 million USD.One contract was signed with the German company Wintershall for the drilling of 2 wells plus 2 optional ones in continuity with previous engagements for operations offshore Norway. The contract will be…
5 April 2019
EMGS Signs Second Well Calibration Study
Electromagnetic Geoservices ASA (EMGS) announced that it has signed an agreement for its second full-scale CSEM well calibration study project in cooperation with Equinor. The revenue associated with this second well calibration study is expected to be approx. USD 1 million over a one-year period. The objective of these well…
4 April 2019
Rolvsnes Extended Well Test Project Sanction
Lundin Petroleum AB announced that its wholly owned subsidiary Lundin Norway AS, as operator has agreed the final investment decision to proceed with an extended well test (EWT) on the Rolvsnes weathered and fractured basement discovery on the Utsira High.The Rolvsnes oil discovery is located in PL338C on the southern…
4 April 2019
Wärtsilä Further Extends its Underwater Servicing Capabilities with Opening of UAE Diving Centre
The technology group Wärtsilä is strengthening its underwater-related servicing capabilities with the opening of a new diving centre facility in Fujairah, United Arab Emirates. This expansion has been undertaken by Trident, a member of the Wärtsilä Group. By expanding into a major global shipping region, Wärtsilä’s ability to serve its…
4 April 2019
Regional Maps and Supporting Data for the Mid North Sea High Area Released
The Oil and Gas Authority has released regional maps and supporting data for the Mid North Sea High area.These data represent the latest delivery from the OGA’s Regional Geological Mapping project which has been carried out in collaboration with Lloyd’s Register over the last three years.The OGA is also releasing…
4 April 2019
Noble Energy Sanctions the Alen Gas Monetization Project with Startup Planned in the First Half of 2021
Noble Energy, Inc. announced that the Company has approved the Alen natural gas development offshore Equatorial Guinea (EG). Natural gas from the Alen field will be processed through the existing Alba Plant LLC liquefied petroleum gas processing plant (Alba Plant) and EG LNG’s liquefied natural gas production facility (EG LNG)…
4 April 2019
LUKOIL Concludes Contract for Hydrocarbon Exploration and Development on Zhenis Block in Kazakhstan
PJSC LUKOIL, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and KazMunayGas) will…
4 April 2019
Hitecvision Acquires Solveig Gas
The owners of Solveig Gas Holdco AS (the owner of 100% of the shares in Solveig Gas Norway AS), namely CPP Investment Board European Holdings S.á r.l., Infinity Investments S.A. and Allianz Infrastructure Norway Holdco I S.á r.l., have entered into a sale and purchase agreement regarding the sale of…
4 April 2019
C-NLOPB Announces 2019 Calls for Bids in the South Eastern Newfoundland and Jeanne d’Arc Regions
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued Calls for Bids for Exploration Licences in the South Eastern Newfoundland and Jeanne d’Arc Regions.Call for Bids NL19-CFB01 (Exploration Licences, South Eastern Newfoundland Region) consists of nine parcels and a total of 2,270,472 hectares.Call for Bids NL19-CFB02 (Exploration Licences, Jeanne…
4 April 2019
Serica Energy plc: Rowallan Well Result
Serica Energy plc announced that exploration well 22/19c-7, drilled to explore the Rowallan prospect has reached a total depth of 4,641 metres and will be plugged and abandoned. The well, operated by ENI UK Ltd., encountered a 182m section of sandstone and shale, but was not found to be hydrocarbon…
3 April 2019
Jan De Nul Successfully Completes Cable Installation for the ADNOC Offshore NASR Full Field Development Project
Jan De Nul Group has successfully completed the cable installation scope for the Phase II Full Field Development of the NASR offshore oil field. Jan De Nul Group was subcontracted by Hyundai Heavy Industries for the cable loading, transport, laying and protection of three 132kV subsea power cables (total length…
3 April 2019
Chariot Oil & Gas Limited: Award of Lixus Offshore Licence, Morocco
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas company, announced that its wholly owned subsidiary, Chariot Oil & Gas Holdings (Morocco) Limited, has been awarded a 75% interest and operatorship of the Lixus Offshore Licence (“Lixus”), Morocco, in partnership with the Office National des Hydrocarbures et…
3 April 2019
Maersk Drilling Awarded Long-term Contract for Ultra-deepwater Semi-submersible Mærsk Deliverer
Maersk Drilling announced that the ultra-deepwater semi-submersible Mærsk Deliverer has been awarded a three-year contract by Inpex Australia and joint venture participants for drilling at the Ichthys gas and condensate field in the Browse Basin offshore Western Australia. The estimated contract value (revenue) of the three-year contract is USD 300…
3 April 2019
Jersey Oil and Gas plc: Verbier Appraisal Well Results
Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announced that the 20/05b-14 appraisal well has been safely drilled, ahead of schedule and within budget to a total depth of 3,784m. Based on preliminary observations during…
3 April 2019
Dry Well near the 35/3-2 (Agat) Gas Discovery in the Northern North Sea – 36/1-3/1-3
Equinor Energy AS, operator of production licence 885, has concluded the drilling of wildcat well 36/1-3. The well was drilled about 15 kilometres east of the 35/3-2 (Agat) gas discovery and 55 kilometres northwest of Florø, in the northern part of the North Sea.The primary and secondary exploration targets for…
3 April 2019
EMGS: Update on Multi-client Letter of Intent
Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on 23 March 2019, announcing that the Company had received a multi-client letter of intent with an approximate value of USD 2.5 million.EMGS and the customer, Spirit Energy Norway AS on behalf of the PL1031 license…
3 April 2019
TechnipFMC Awarded a Substantial Integrated EPCI (iEPCI™) Contract for the Neptune Energy Duva and Gjøa P1 Projects
TechnipFMC has been awarded a substantial(1) integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract from Neptune Energy for the Duva and Gjøa P1 projects, located in the Norwegian sector of the North Sea at a water depth of 375 meters.The contract covers the delivery and installation of subsea equipment including…
3 April 2019
Petrofac Awarded Latest Phase of Tullow Oil's Decommissioning Programme
Petrofac has been appointed Well Operator by Tullow Oil for the next phase of its Thames Decommissioning Project, following the award of a contract worth around US$16 million.As Well Operator, Petrofac will be responsible for the execution of plug and abandonment operations on three of Tullow Oil’s subsea wells in…
2 April 2019
New Report on Petroleum Activity in the High North
On 2 April, the Norwegian Petroleum Directorate will present the report Petroleum Activity in the High North. The report places the petroleum activity in the High North into a historical, international and technological framework.“We hope the report can contribute in a knowledge-based approach to the debate,” says Director General Bente…
2 April 2019
Total Launches Full-field Production on Kaombo with the Start-up of the Second FPSO in Angola
Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, in water depths ranging from 1,400 to 2,000 meters.Eight months after its sister ship, Kaombo Norte, came on…
2 April 2019
Energy Swan: Contract Extensions / Energy Scout - Contract update
Energy Swan Golden Energy Offshore Services AS (GEOS) informed that a contract extension has been secured with Wintershall Norge AS. The contract is in direct continuation of the charter contract from 2013. The large PSV Energy Swan was in 2013 chartered for a firm period of 4 years + optional…
2 April 2019
Kongsberg Completes Rolls Royce Commercial Marine Acquisition
Following European Commission approval, Kongsberg Maritime parent company Kongsberg Gruppen has completed the acquisition of Rolls-Royce Commercial Marine (RRCM). Officially part of Kongsberg Maritime, RRCM will operate under the KONGSBERG brand and the Kongsberg Maritime legal entity.Kongsberg Gruppen announced its intention to acquire RRCM, an established and trusted global supplier…
2 April 2019
Xodus Study Reveals Potential £59 million Saving Ahead of Decommissioning of North Sea Field
A concept study and Front End Engineering Design (FEED) project carried out by Xodus Group has determined that a North Sea operator will save up to £59 million by adopting a Not Normally Attended (NNA) status ahead of decommissioning the field. The North Sea field recently completed well plugging &…
2 April 2019
Frontier Success Sparks the Exploration Farm-out Market into Life
Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV. Both discoveries included partners who had paid a premium via…
2 April 2019
Marathon Oil Signs Definitive Agreement for Third Party Gas Through Existing Equatorial Guinea Infrastructure
Marathon Oil Corporation and its partners announced they have executed the Definitive Agreements with the Government of the Republic of Equatorial Guinea and Alen Unit owners to process Alen Unit gas through Alba Plant LLC's liquefied petroleum gas (LPG) processing plant and EG LNG's liquefied natural gas (LNG) production facility,…
2 April 2019
Dry Well in the Southeastern Barents Sea – 7132/2-2
Equinor Energy AS, operator of production licence 857, has concluded the drilling of wildcat well 7132/2-2. The well was drilled about 175 kilometres north of Vardø, to the southeast in the Barents Sea.The primary exploration target for the well was to prove petroleum in reservoir rocks from the Early to…
2 April 2019
Decipher Delivers First Oil from Orlando
Decipher Production Limited, the North Sea focussed development and production operator, announced the commencement of production from the Orlando Field.In June 2018, Decipher successfully drilled and completed the Orlando development well 3/3b-13Y. The well was drilled to a Total Depth of 18,266ft with a fully oil bearing horizontal pay interval…
1 April 2019
SMD’s Quasar WROV Reaches 5760m Subsea
Soil Machine Dynamics Ltd announced that a deep-sea Quasar Work Class Remotely Operated Vehicle (WROV) has successfully completed sea trials. The 6000m rated WROV, complemented with an electric drive dual-purpose winch and Launch and Recovery System (LARS), reached the seabed at 5,760m during the trials. The complete turnkey solution was…
1 April 2019
Kongsberg Maritime Selected to Equip State-of-the-art Replacement for Long Serving Belgian Research Vessel
Kongsberg Maritime will deliver an integrated suite of subsea technology to a new Belgian research vessel. Already under construction at Freire Shipyard in Vigo, Spain, the advanced new replacement for the Belgian research vessel RV Belgica is due to be handed over to the Belgian Federal Science Policy Office (BELSPO)…
1 April 2019
Oceanteam Sells Minority Position to its Mexican Joint Venture Partner Diavaz
Oceanteam ASA and its Mexican partner Diavaz have reached an agreement to terminate the joint venture structure set up by the two groups (the ”DOT Group”), established in 2014 in order to service the Mexican offshore market, in which Oceanteam held 40 percent. Oceanteam’s stake will be taken over by…
1 April 2019
Solstad Offshore: PSV Contracts Awarded
Solstad Offshore has signed a contract with Shell Brasil Petroleo Ltda for the PSV Normand Starling (2013, STX PSV 08 CD, 4000 DWT). The contract will commence in 2Q 2019 and have a firm duration of 2 years.Normand Starling will support Shell’s activities in Brazilian waters.In addition, Solstad has been…
1 April 2019
Bibby Wavemaster Horizon Launched and named at Damen Shipyards Galati
On March 29th, Damen Shipyards Galati in Romania launched Bibby Marine Services’ second Service Operations Vessel (SOV) 9020. During the same event, the vessel was officially named Bibby WaveMaster Horizon. Upon delivery later this year, the SOV will begin maintenance work on two EnBW and Enbridge-owned windfarms in the German…
1 April 2019
SeaBird Exploration: Two New Contracts and Company Update
SeaBird Exploration Plc announced two new contracts:The Company has received a letter of award for a niche 3D survey in West Africa, with a total value of approximately USD 6.5 million. The survey is expected to commence in the 2nd quarter of 2019, with a total duration of about 80…
1 April 2019
New Partner in the Balder and Ringhorne Fields
Vår Energi AS has entered into an agreement with Mime Petroleum AS to divest 10 percent ownership interests in a total of six licenses across the Balder and Ringhorne fields on the Norwegian continental shelf (NCS).Vår Energi is the operator of the Balder, Ringhorne and Ringhorne East fields, located in…
1 April 2019
Subsea 7 Awarded Contracts Offshore Saudi Arabia
Subsea 7 announced the award of two contracts from Saudi Aramco for Conventional projects in shallow water offshore Saudi Arabia. The engineering, procurement, construction and installation (EPCI) contracts are awarded in consortium with L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro, under a long-term agreement (LTA) with Saudi Aramco.…
29 March 2019
VOS Start Secures New Contract with Total E&P Nederland B.V.
Vroon walk-to-work vessel providing logistics support to offshore assets in Southern North SeaVroon reported that their subsea-support walk-to-work unit, VOS Start, has been chosen by Total E&P Nederland B.V. (TEPNL) to deliver offshore logistics support to a planned maintenance campaign on Total’s offshore assets in the Dutch sector of the…
29 March 2019
Eco Confirms that Orinduik Partners have Approved a Second Well Location for the 2019 Guyana Offshore Drilling Program
Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, announced that the partners on the Orinduik Block offshore Guyana have approved the drilling budget and the location of the second well of the 2019 drilling program.Highlights: -…
29 March 2019
Minke Field Decommissioning Programmes
This document contains the decommissioning programmes for both the Minke Field subsea installation and Minke Field pipelines that apply to the following Section 29 (S29) Notices, served under the Petroleum Act 1998:1. Offshore Installations (Minke wellhead protection structure) in Block 44/24a;2. PipelinesMinke Field Decommissioning Programmes
29 March 2019
Juliet Field Decommissioning Programmes
This document contains the decommissioning programmes for both the Juliet Field subsea installations and Juliet Field pipelines that apply to the following Section 29 (S29) Notices, served under the Petroleum Act 1998:1. Offshore installations (Juliet manifold and wellhead protection structures) in block 47/14b2. Juliet PipelinesJuliet Field Decommissioning Programmes
29 March 2019
KG-OSN-2009/3 Oil Discovery, Krishna-Godavari Basin, India
Vedanta Limited, parent company for Cairn Energy, has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an Oil Discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India. Vedanta Limited holds 100% participating interest…
29 March 2019
Aker Energy Submits an Integrated Plan of Development and Operation for the DWT/CTP Block Offshore Ghana
Aker Energy Ghana Limited, as Operator on behalf of its partners, Ghana National Petroleum Corporation (GNPC), Lukoil Overseas Ghana Tano Limited and Fueltrade Limited, has submitted an Integrated Plan of Development and Operations (PDO) to Ghanaian authorities for the Deepwater Tano / Cape Three Points (DWT/CTP) block offshore Ghana.“This is…
29 March 2019
Equinor Receives Consent for Exploration Drilling in the Barents Sea
Petroleum Safety Authority Norway have given Equinor consent to drill exploration well 7335/3-1 in production licence 859 in the Barents Sea.Well 7335/3-1 is in the far north-east of an opened area in the south-east Barents Sea, around 420 kilometres off the coast of Finnmark.The geographical coordinates are:73º 59' 49.86" N35º…
29 March 2019
Delineation of the Hod Field and Dry Well near the Hod Field in the North Sea – 2/11-12 S and 2/11-12 A
Aker BP ASA, operator of production licence 033, has concluded the drilling of appraisal well 2/11-12 S and wildcat well 2/11-12 AThe wells were drilled about 1.5 kilometres west-southwest of the Hod field in the southern part of the North Sea and 350 kilometres southwest of Stavanger.The Hod field was…
29 March 2019
Neptune Energy announces Final Investment Decision for Seagull Project
Neptune Energy and its joint venture partners BP and Japex announced that the final investment decision for the Seagull oil project in the UK North Sea has been agreed. Seagull is expected to initially produce around 50,000 barrels of oil equivalent per day1 (80 per cent oil) across its 10-year…
29 March 2019
SMD Sign Contract to Supply QT500 Cable Maintenance ROV to TE Subcom
World leading subsea equipment design and manufacturer Soil Machine Dynamics Ltd (SMD) announced the signature of a contract to supply a QTrencher 500 Cable Maintenance ROV to TE SubCom.The QTrencher 500 will be delivered in Q1 2019. The vehicle will come equipped with SMD’s latest surface control and power cabin…
29 March 2019
Protexa Awards Telford Offshore Multiple Pipelaying and Construction Services Contract in Mexico
International offshore services provider Telford Offshore has been awarded multiple pipelaying and construction services contracts by Mexican company Protexa, which is chartering three of its DP3 multi-purpose vessels for a combined period of approximately 400 days.The vessels will be deployed on a shallow-water engineering, procurement, construction and installation (EPCI) project…