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12 March 2019
Delmar Systems, Inc. Successfully Completed First North Sea Rig Disconnect Using RAR Plus Technology
Delmar Systems, Inc. successfully completed an 8-line disconnect of the mooring system on Seadrill’s West Phoenix semi-submersible drilling rig on the UK Continental Shelf. The rig disconnection was performed in an impressive two and a half hours without needing AHTS vessel assistance. The West Phoenix is currently under contract with…
12 March 2019
Vestland Offshore: Ocean Duke
Vestland Offshore announced that it has taken Management on yet another Vessel. The Ocean Duke is currently being converted to a Seismic Source Vessel and has a firm 2 year contract secured with SBGS.
12 March 2019
BW Offshore: Acquisition of Maromba Field Offshore Brazil
BW Offshore has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of USD 90 million from Petrobras. Closing of the acquisition is subject to fulfilment or waiver of conditions precedents, including approval by The Brazilian National Agency of Petroleum, Natural…
12 March 2019
Plan of Development Approved For Mako Field, Duyung PSC, Indonesia
Coro Energy plc, the South East Asian focused exploration and production company, announced that the Minister of Energy and Mineral Resources has approved the Plan of Development ("POD") for the Mako field, Duyung PSC, offshore Indonesia.On 11 February 2019, Coro announced the acquisition of a 15% stake in the Duyung…
12 March 2019
Cut of First Steel in the P2 Project
In keeping with the Thai tradition, and now also in good Aibel tradition, Thai monks blessed the cutting of the first steel in a solemn ceremony on Friday 8 March. The ceremony marks an important milestone in Aibel's largest project ever.“The ceremony marks Buddhist beliefs and is also an encouragement…
12 March 2019
Nord Stream 2: Finalisation of Technical Design in Russia
Nord Stream 2 AG, the developer of a new natural gas pipeline through the Baltic Sea to supply Russian gas to the key EU market, has published an updated draft environmental impact assessment (EIA) report following finalisation of detail design, as well as optimisation of engineering solutions and construction methods…
12 March 2019
Northwest Europe MODU Market: Could 2019 Demand Exceed Availability?
Westwood’s Offshore Drilling Rigs Senior Analyst, Teresa Wilkie on what to expect from a changing Northwest Europe market following a change in the demand supply balance.Full article can be found here.
12 March 2019
Reabold Resources Plc: Completion of Colter Drilling
Reabold announced that the sidetrack operation at the Colter well has been completed. The purpose of the well had been to delineate the Colter structure accurately to complement the existing well and seismic data in the area. As previously announced, the anticipated controlling fault between the Colter and Colter South…
12 March 2019
PTTEP Makes New Gas Discovery in Orchid-1, Offshore Australia
Phongsthorn Thavisin, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP) disclosed that PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEP AAA), a wholly owned subsidiary of PTTEP had made a successful discovery of gas and condensate at the Orchid-1, the first exploration well in Permit…
12 March 2019
Siem Offshore: Contract for Siem Spearfish
The company has agreed a 3-year frame agreement with an undisclosed subsea contractor for the offshore subsea construction vessel “Siem Spearfish”. The vessel has commenced the operation for 2019.
12 March 2019
Concessions Extended in Egypt: New Investment for DEA in the Gulf of Suez
DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum and Mineral Resources, DEA’s General Manager Sameh Sabry signed the new concession agreement. The new…
7 March 2019
2019: Subsea looks to Future Innovations
Neil Gordon, CEO of Subsea UK, tells InnovOil about how innovation will add value and drive the future of the North Sea.Full article here.
7 March 2019
Green Marine Storms Into Offshore Wind
Green Marine has expanded its fleet by recently purchasing a Damen Twin Axe 26m long CTV named the “Green Storm”. The vessel will focus on servicing the Offshore Wind industry, providing safe transportation of personnel and cargo to offshore installations. The company has made this significant investment to meet the…
7 March 2019
SABCA and DEME Offshore Enter in a Partnership to Deploy Drone Inspection Services for Offshore Wind Farms
SABCA, a leading tier 1 aerospace industry supplier and DEME Offshore, a worldwide leader in solutions and services for the offshore energy market, have entered into a partnership for the development and deployment of Unmanned Vehicles to perform surveillance and inspection works in the offshore industry.Complementing each other’s core experience…
7 March 2019
ECA Group Delivers its H300 ROV for Intervention on Immerged Structures in France
Satif Ouvrage d’Art, a French private service company has been delivered a H300 ROV, equipped with a scanning sonar and an imaging sonar, both mounted on a specific skid to conduct inspection and intervention tasks on immerged structuresService companies operating with ROV’s in lakes or rivers works often in turbid,…
7 March 2019
Offshore Wind Energy Revolution to Provide a Third of all UK Electricity by 2030
- Industry to invest £250 million including new Offshore Wind Growth Partnership to develop the UK supply chain as global exports are set to increase fivefold to £2.6 billion by 2030- a third of British electricity set to be produced by offshore wind power by 2030- part of the government’s…
7 March 2019
Glomar Offshore Fleet Expansion
Glomar Offshore announced the purchase of the 2008 built Bourbon Arethuse and the 2009 built Bourbon Amilcar Subsea Support vessels, which are to be renamed Glomar Worker and Glomar Supporter, respectively.After modifications and upgrades in our yard in Gdynia, Poland (Globaltic Marine), they will be dedicated to serving Glomar Offshore's…
7 March 2019
Morrison Expands Pipelay Barge, Construction and Diving Fleet
MORRISON announced that the company has acquired two pipelay/construction barges and a saturation diving system, effectively doubling the size of their pipelay barge fleet and increasing their saturation diving capabilities.MORRISON’s new assets include:- LB Super Chief, a 265 ft x 72 ft ABS-classed pipelay barge with accommodations for 93 personnel.…
7 March 2019
Opportunity North East and Scottish Enterprise – SME Decommissioning Programme
Opportunity North East (ONE) and Scottish Enterprise (SE) have jointly developed a programme to assist the oil and gas supply chain to maximise emerging opportunities within offshore decommissioning. The programme identifies forthcoming project opportunities with sponsor operators and enables the supply chain to propose solutions in response to these on…
7 March 2019
Jadestone Energy 2019 Guidance Outlook
Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, provided guidance for 2019. The Company has posted an updated corporate presentation to its website www.jadestone-energy.com/presentations.2019 Outlook- Average crude oil production expected to be between 13,500—15,500 bbls/d- Average production for February 2019 of 15,369…
7 March 2019
Russia: Total Signs Definitive Agreements for Entry into Arctic LNG 2
Total announced that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia.Taking into account Total’s 19.4% stake in Novatek and Novatek’s intention to retain 60%…
7 March 2019
Rystad Forecasts a Boom in Xmas Trees
A rapid rise in subsea tree installations is projected for the global offshore industry in the coming years, as operators are poised to boost expenditure substantially on subsea equipment and installation.After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn…
7 March 2019
Ghana: New PGS MegaSurvey Supports 1st Licensing Round
This new PGS MegaSurvey targets prospective acreage for Ghana’s 1st Offshore License Round and will assist with the evaluation of the opportunities. First data will be available in Q3, 2019.The Ghana MegaSurvey consists of 22 600 sq. km of 3D data and 24 000 line km of 2D data, extending…
7 March 2019
Swan Hunter Concludes Norther Export Cable Storage Project
Swan Hunter have successfully executed the final workscope of the Norther Offshore Windfarm Export Cable Storage Project at the storage and spooling yard, Vlissingen, The Netherlands.The last sections of spare array and export cables were transpooled from the Van Oord CLV Nexus, and the DOC-Swan Hunter 4750Te onshore basket carousel,…
7 March 2019
DOF Subsea Contract Awards
DOF Subsea has been awarded various contracts, securing utilisation for vessels in the Subsea IMR Projects segment: The Atlantic region has been awarded a contract by the Norwegian Mapping Authority regarding Hydrographic services for the MAREANO 2019 program. The specialized survey and IMR vessel Geograph will be deployed on the…
7 March 2019
Subsea 7 Awarded Three Contracts by Woodside
Subsea 7 announced the award of three contracts by Woodside since December 2018. Each contract is for engineering studies and includes an option for Woodside to proceed to the execute phase with an engineering, procurement, construction and installation (EPCI) contract.The contracts are for:- SNE Field Development-Phase 1, offshore Senegal (SNE)(1)-…
5 March 2019
Boskalis and Kotug Sign LOI to Sell Kotug Smit Towage to Boluda
Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), has signed a letter of intent (LOI) relating to the sale of Kotug Smit Towage to Boluda Group (Boluda). Under the terms of the LOI, the total (100%) enterprise value of Kotug Smit Towage is valued at…
5 March 2019
Plexus Holdings PLC's Russian Licensee Awarded Gas Exploration Drilling Contract by Gazprom
Plexus Holdings PLC, owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announced its Russian licensee, LLC Gusar, has secured its first major contract to supply POS-GRIP rental wellhead gas exploration equipment to Gazprom, the global energy giant.The contract covers the first year of an up to five-year jack-up…
5 March 2019
Pioneering Spirit to be Temporarily Employed for North Sea Platform Lift Work
The heavy lift and pipelay vessel Pioneering Spirit will temporarily lay down pipe in the Swedish Exclusive Economic Zone to carry out a long term planned platform lift work in the North Sea. This third-party engagement was already stipulated in the contract with Allseas signed in April 2017. Pioneering Spirit…
5 March 2019
EMGS Provides Update on Multi-client Letter of Intent
Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on 22 February 2019, announcing that the Company had received a multi-client letter of intent with an approximate value of USD 8 million. EMGS and the customer, Equinor Energy AS, has entered into final contracts under…
5 March 2019
Sparrows Group Provides Cable Handling Solutions for World’s Largest Offshore Wind Farm
Sparrows Group Cable and Pipe Lay Solutions (CPLS) division more than doubled its business during 2018 thanks to an upsurge in activity in the renewables market.This included the successful delivery of its largest renewables project to date as part of three contracts awarded through VBMS; DEME Offshore, formerly known as…
5 March 2019
Gullfaks C can be used until 2036
The Norwegian Petroleum Directorate has given a green light to using the C platform on the Gullfaks field in the North Sea until 30 June 2036. This corresponds to the entire period of the production licence.In its application, Equinor notes that the facility can be operated at a profit up…
4 March 2019
Aker Energy Ghana Drilling Success
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced that it encountered oil in the Pecan South-1A well offshore Ghana. A sidetrack will now be drilled to further appraise the volume potential.The Pecan South-1A well was drilled south of the main Pecan field in…
4 March 2019
BW Offshore Contemplating Moromba Field Stake
BW Offshore is contemplating to enter into agreements to acquire 100% of the Maromba field offshore Brazil from the present owners Petrobras (70%) and Chevron (30%).Closing of the acquisition is subject to board approvals and fulfilment or waiver of conditions precedents, including approval by The Brazilian National Agency of Petroleum,…
4 March 2019
Searcher Announces Acquisition of Triok 2D Seismic Survey in Papua New Guinea
Searcher Seismic, in cooperation with BGP, announced the expansion of its modern offshore data library with the completion in acquisition of the Triok Broadband Non-Exclusive 2D Seismic Survey in the Northern Basins of Papua New Guinea.Following the successful acquisition of the Solomon Sea Non-Exclusive 2D in the Northern Basins of…
4 March 2019
Energean Commences its Drilling Campaign in Israel
Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, announced that it has commenced its 2019 drilling programme in Israel, which will consist of three development wells and Karish North. Following this four well campaign, Energean has a further six drilling options available in its…
4 March 2019
Hibiscus Petroleum On Track to Drill its Second Side‐Track Well in the Anasuria Cluster
Hibiscus Petroleum Berhad announced that its jointly‐controlled operating company, Anasuria Operating Company Limited (AOC) is on track to execute the Guillemot A GUA‐P1 side‐track well, a planned production enhancement project at the Anasuria Cluster concession offshore in the U.K. North Sea, which is targeted to unlock approximately 1.7 million barrels…
4 March 2019
Oil Discovery from Visund in the North Sea
Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil.“We are pleased to have made a new discovery on Equinor-operated acreage on…
4 March 2019
Aker BP ASA has Awarded Frame Agreements with Three Suppliers for the Provision of Platform Supply Vessels
The following suppliers signed the agreements in Stavanger on Thursday 28 February. - Simon Møkster Shipping AS - Eidesvik Offshore ASA - Solstad Offshore ASAThe duration of the frame agreements is initially for three years, with the option of two additional periods of two years each.“We will together with the…
1 March 2019
TechnipFMC Awarded a Large EPCIC Contract for BP Greater Tortue Ahmeyim Development FPSO
TechnipFMC has been awarded by BP a large(1) contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed offshore on the maritime border of Mauritania and Senegal. This award is a continuation to the FEED (front end engineering…
1 March 2019
The Eiffage Génie Civil Marine and Saipem SA consortium selected for the Hub/Terminal of theTortue/Ahmeyim Field Development with an initial contract placed for front-end engineering and execution readiness
Eiffage Génie Civil Marine today announced that a consortium formed with Saipem SAhas been selected to perform front-end engineering design (FEED) studies andexecution preparation for the Hub/Terminal for BP’s Tortue/Ahmeyim FieldDevelopment, a major LNG project located on the maritime border of Mauritania andSenegal. The Hub/Terminal is located 10 km from…
1 March 2019
DNV GL extends the capability of failure investigations with a new facility in Houston, TX
DNV GL has opened a failure analysis facility in Houston, Texas which will provide failure analyses that support the industry in conducting effective and efficient root cause analyses. The aim is to prevent and learn from failures and continue to improve safety, reliability and up-time.The facility will carry out the…
1 March 2019
Equinor bought more from Norwegian suppliers in 2018
In 2018 Equinor purchased goods and services worth NOK 141,7 billion from more than 9000 suppliers globally. NOK 95,2 billion of this went to suppliers with a Norwegian billing address, i.e. 67% of total purchases.“A competitive supply industry is highly important for the Norwegian continental shelf (NCS) and Equinor. Over…
1 March 2019
Eni, HitecVision team up to bid fo Conoco's North Sea assets: sources
Italy’s Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillip’s North Sea oil and gas assets, sources close to the process said.Conoco relaunched the sale process in recent weeks after energy and chemicals firm Ineos, privately owned by British billionaire Jim Ratcliffe, abandoned exclusive…
1 March 2019
Letter of Award for a North Sea Project
Magseis Fairfield ASA (the “Company”) is pleased to announce that it has signed a Letter Of Award (LOA) for a three months data acquisition program in the North Sea. The survey will commence in Q319 and will be acquired by Artemis Athene.This information is subject of the disclosure requirements pursuant…
1 March 2019
ExxonMobil Makes Natural Gas Discovery Offshore Cyprus
ExxonMobil today said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was safely drilled to 13,780 feet (4,200 meters) depth in 6,769 feet (2,063…
28 February 2019
Osbit to deliver next generation Subsea Plough to Global Marine Group
Osbit Limited, the offshore technology and engineering company, has secured a contract with Global Marine Group to supply an advanced multi-function pre-lay and backfill subsea plough. The plough, named Scion 240, represents the fourth major trenching system contract Osbit has secured in two years and will deliver a step-change in…
28 February 2019
NODL: West Bollsta Awarded Drilling Contract by Lundin Norway
Northern Drilling Ltd is pleased to announce its harsh environment rig West Bollsta has secured a contract for a ten-well program with Lundin Norway AS. The drilling program includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea with contract commencement expected in…
28 February 2019
Fugro to Apply Specialist Geodata in a Return to Hollandse Kust (West) Wind Farm Development
This is the largest geotechnical site characterisation programme tendered by the Netherlands Enterprise Agency (RVO.nl, part of the Ministry of Economic Affairs and Climate Policy) and will be performed in the Hollandse Kust (west) Wind Farm Zone. Other contracts executed by Geo-data specialist Fugro in the various zones of Hollandse…
28 February 2019
Subsea 7 awarded contract offshore UK
Subsea 7 today announced the award of a substantial contract by BP Exploration for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea.Under the terms of the five year agreement, i-Tech Services will provide…