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28 February 2019
First Caisson Sets Sail for Aberdeen South Harbour
Aberdeen Harbour’s £350-million expansion has reached another landmark stage with the first 6,000-tonne caisson beginning its journey to South Harbour today, Monday 25th February 2019. The concrete unit departed from Cromarty Firth this evening and will have an anticipated 48-hour arrival period into Aberdeen South Harbour between Wednesday 27th and…
28 February 2019
Petro River Acquires an Additional Interest in United Kingdom Southern North Sea Seaward Production Licenses
Petro River Oil Corp, an independent oil and gas exploration company that utilises 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins, announced today the acquisition of an additional 5.63% interest in an international, offshore exploration project in the North Sea through…
27 February 2019
Equinor Enhances Permanent Seismic Monitoring with Sonardyne Sensors
Norwegian energy firm Equinor is to deploy cabled subsea instrumentation from Sonardyne International Ltd. to help increase the accuracy of time-lapse seismic data at the giant Johan Sverdrup oil field.From first production at the development, Equinor plans to use seafloor based seismic cable permanent reservoir monitoring (PRM) technology to observe…
27 February 2019
Film-Ocean joins the STAPEM Offshore Group
STAPEM Offshore announces the arrival of Film-Ocean, a leading ROV services company.Film-Ocean, innovative subsea solutionsEstablished in 2004, Film-Ocean owns and operates a fleet of Remotely Operated Vehicles (ROV’s) utilised in the Oil & Gas, offshore wind & waterways sectors for underwater inspection, intervention and survey.“Film-Ocean provides a hugely exciting opportunity…
27 February 2019
Twin Damen Fast Crew Suppliers 2710 Ordered by Hung Hua Construction Co. Ltd of Taiwan
Hung Hua Construction Co. Ltd. of Taiwan has placed an order for two of Damen’s latest fast crew supply vessel; the FCS 2710. The contract was signed at the end of January and the vessels will be built at Damen Shipyards Singapore for delivery in early 2020.Hung Hua Construction (HHC)…
27 February 2019
Golar LNG enters into an agreement to supply a FLNG unit to BP for phase 1 of the Greater Tortue/Ahmeyim Project, West Africa
Golar LNG Limited ("Golar" or "the Company") (NASDAQ: GLNG) announces today that Gimi MS Corporation ("Gimi MS"), a newly incorporated subsidiary of the Company, has entered into a 20-year Lease and Operate Agreement ("LOA") with BP for the charter of an FLNG unit, Gimi, to service the Greater Tortue Ahmeyim…
27 February 2019
Update on TUI Drilling Project
The drilling project is currently on target to commence drilling in June with an expected duration of about 110 days. At this stage, 3 sidetrack wells are planned, but Tamarind continues to look at the potential to drill a fourth sidetrack well, depending on the results from the initial 3…
27 February 2019
ExxonMobil adds 4.5 billion barrels to reserves
Exxon Mobil Corporation said today it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. ExxonMobil's proved reserves totaled 24.3 billion oil-equivalent barrels at year-end 2018. Liquids represented 64 percent of the reserves, up from 57 percent in 2017.“We…
27 February 2019
BP starts gas production from Trinidad and Tobago's Angelin project
BP Trinidad and Tobago (BPTT) today announced first gas production from its Angelin development. The project was delivered on time and under budget.The Angelin development, originally discovered by the El Diablo well in 1995, includes a new platform and four wells. It is located 60 kilometres off the south-east coast…
26 February 2019
N-SEA Announces Multi-million Pound North Sea Contract Wins
Managed and supported by N-Sea’s Aberdeen base, the first is a three-year contract, awarded by an international operator. The workscope will take place across a number of the operator’s UK North Sea assets and includes air diving inspection, repair and maintenance, in addition to light construction requirements from its diving…
26 February 2019
Enquest awards KCA Deutag a multi-million dollar contract for three UK North Sea platforms
Global drilling and engineering contractor KCA Deutag today announces that its Offshore business unit has been awarded a new drilling contract by Enquest Heather Limited (“Enquest”) for the Magnus, Thistle and Heather platforms.The multi-million dollar contract is for the provision of platform drilling services on all three platforms and came…
26 February 2019
McDermott Awarded EPCI Contract from Saudi Aramco
McDermott International, Inc announced today a large* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.The contract includes the full suite of EPCI services for the upgrade of two existing platforms related to the installation of associated equipment for…
26 February 2019
Global Deommissioning Set to Hit Record $36 Billion Over the Next 3 Years
Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market. As a consequence, so-called decommissioning obligations in the global oil and gas industry rose to $11.7 billion last year and are projected to hold steady at an average of about…
26 February 2019
Kosmos Energy Capital Markets Day
Kosmos Energy Ltd announces that it is hosting a Capital Markets Day presentation today in London for sell-side analysts and institutional investors.The event will be hosted by Andrew G. Inglis, Chairman and Chief Executive Officer, and will include presentations from members of Kosmos’ Leadership Team on the company strategy. The…
26 February 2019
Weir agrees sale of Flow Control division to First Reserve
The Weir Group PLC (‘Weir’ or ‘The Group’) is pleased to announce that it has entered into an agreement to sell its Flow Control division to First Reserve, a leading global private equity investment firm focused exclusively on energy, for an Enterprise Value of £275m, payable in cash and subject…
25 February 2019
Marathon Oil Signs Agreement for Divestiture of UK Business
Marathon Oil Corporation (NYSE: MRO) announced today the Company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K. businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOWOS). The transaction represents a complete country exit for Marathon Oil.MOUK holds…
25 February 2019
Dry well north of the Snøhvit field in the Barents Sea
Lundin Norway AS, operator of production licence 767, is in the process of concluding the drilling of wildcat well 7121/1-2 S.The well has been drilled about 20 kilometres north of the Snøhvit field and about 155 kilometres northwest of Hammerfest.The primary exploration target for the well was to examine reservoir…
25 February 2019
EMGS receives multi-client Letter of Intent
Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has today received a letter of intent with an approximate value of USD 8 million from an undisclosed customer. Under the letter of intent, the customer will license certain data from the Company's existing EM multi-client…
25 February 2019
Colter South Oil Discovery and Forward Plan
The Colter well (98/11a-6) has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a Total Depth of 1,870m MD in the Sherwood Sandstone. The well is an appraisal of the 98/11-3 well, drilled in 1986 by British Gas, within the Colter Prospect.The 98/11a-6 well…
25 February 2019
MODEC Awarded Contract of FPSO for SNE Field offshore Senegal
MODEC, Inc. ("MODEC") is pleased to announce that its subsidiary, MODEC International Inc., has been awarded a contract by Woodside Energy (Senegal) B.V., as Operator of the SNE Field Development, for a Floating Production Storage and Offloading (FPSO) vessel for Senegalese waters.Under the contract, MODEC will perform Front-End Engineering Design…
22 February 2019
A.P. Moller - Maersk Initiates Demerger and Separate Listing of Maersk Drilling
In continuation of the announcement on 17 August 2018, the A.P. Møller - Mærsk A/S (A.P. Moller - Maersk) Board of Directors has decided to initiate the separation of A.P. Moller - Maersk’s drilling activities through a demerger of A.P. Moller - Maersk. The shares in Maersk Drilling Holding A/S…
22 February 2019
United Oil & Gas PLC: CPR Upgrades Offshore Jamaica Prospect to 229million barrels on Tullow Oil-operated Licence
United Oil & Gas Plc, the oil and gas exploration and development company, announced the results of an independent Competent Person's Report ('CPR') prepared by ERC Equipoise Ltd ('ERCE') covering the Walton-Morant licence, offshore Jamaica. This includes an increase in Gross Unrisked Mean Oil Prospective Resources for the high grade…
22 February 2019
Rowan Companies plc and Ensco plc Shareholders Approve Pending Combination
Rowan Companies plc and Ensco plc jointly announced that both companies' shareholders voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.The final results of the Rowan Court and General Meetings held on 21 February reflect that approximately…
22 February 2019
DOF Awarded Three Long-term Contracts in Brazil
DOF announced that it has been awarded contracts for three ROV Support Vessels (RSV) with Petroleo Brasileiro S.A.(Petrobras). All contracts have a firm duration of three years and can be extended for another two years. The vessels allocated for the contracts are Skandi Commander, Skandi Olympia and Skandi Chieftain, all…
22 February 2019
Aker Solutions to Develop Digital Twin for Wintershall’s Nova Field
Aker Solutions has been appointed by Wintershall AS to build a complete digital replica of the Nova production system to enable data driven engineering, production and maintenance decisions.Through two separate agreements, Aker Solutions will provide both a fully interactive digital replica of the integrated production system as well as undertake…
22 February 2019
Neptune Energy Submits Development Plans for Duva and Gjøa P1
Neptune Energy has submitted development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the Norwegian sector of the North Sea. First production from the projects is expected in late 2020/early 2021. Total recoverable resources are estimated to be 120 million barrels of oil equivalent (Total of 54,000…
22 February 2019
TGS Announces a New Multi-client 3D Seismic Survey in the Campos Basin in Brasil
TGS announced a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior.The survey will provide contiguous 3D coverage over the highly prospective Brazil Round 16 blocks…
21 February 2019
Natural Gas Contributes to the Low Carbon Future
Equinor sold natural gas for around USD 26 billion in total in 2018, an increase of 29 percent from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030.Equinor is the largest producer…
21 February 2019
GC Rieber Shipping: Shearwater GeoServices and TGS Partner for Major Brazil Survey
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices announced the award of a major exploration survey in Brazil by TGS. The project will be executed by the Amazon Warrior using proprietary Q technology starting in Q1 2019."Shearwater and TGS have a long-established relationship and we are very pleased…
21 February 2019
Disused Gas Platforms to be Decommissioned
Two normally unmanned installations which used to produce gas in Morecambe Bay will be decommissioned under plans to be submitted by Spirit Energy.Alongside the removal and recycling of a combined 22,000 tons of platform infrastructure, Spirit Energy’s proposals for the multimillion-pound project also include the plug and abandonment of 12…
21 February 2019
EMGS Awarded Proprietary Data Acquisition Survey in South-east Asia
Electromagnetic Geoservices ASA (EMGS) announced that the Company has received a letter of award from an undisclosed customer for a proprietary data acquisition survey in south-east Asia. The total contract value of the survey is estimated to be in excess of USD 20 million.Based on the letter of award, the…
21 February 2019
Oceaneering Awarded Integrity Management Program for Total’s Tyra Redevelopment Project
Oceaneering International, Inc. has been awarded a two-year Integrity Management contract with Total E&P Danmark to support its significant Tyra Redevelopment project in the Danish North sea.Oceaneering’s scope includes the full development of Tyra’s integrity management program, developing risk-based assessments (RBAs) that will enable effective and optimized inspection and monitoring…
21 February 2019
Petrobras Starts Production of P-76, the Third Platform in the Búzios Field
Petrobras announced that it has started the production of oil and natural gas of P-76, the third platform to enter production in the Búzios field.With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million cubic meters of natural gas, P-76 will contribute…
21 February 2019
Drilling Permit for Well 25/6-6 S in Production Licence 870
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 25/6-6 S, cf. Section 15 of the Resource Management Regulations.The well will be drilled from the Transocean Spitsbergen drilling facility in position 59°30'35.21"N and 02°54'50.74"E after completing the drilling of wildcat well 36/1-3 in the northern…
20 February 2019
Rystad Energy: 30 Most Exciting Wildcats of 2019
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.Improved market conditions and lower well costs have led E&P players to ramp up their 2019 exploration activities…
20 February 2019
South Morecambe: DP3-DP4 Decommissioning Programmes
This document contains two Decommissioning Programmes, one for each set of notices under Section 29 of the Petroleum Act 1998. The Decommissioning Programmes cover:- The DP3 and DP4 installations; and,- The pipelines associated with DP3 (PL195, PL205) and DP4 (PL194, PL204);- The power cables associated with DP3 (IF-07E13 and IF-07E31)…
20 February 2019
Major Milestone Passed for Nexans C/S Aurora
The first major milestone in the construction of Nexans’ new DP3 cable laying vessel, the C/S Aurora, was passed Monday with the cutting of the first steel.“This is a proud moment for Nexans and an important milestone for the organization. With this modernization we will further strengthen our ability to…
20 February 2019
Spectrum Announces Argentine Colorado Basin Multi-Client 2D Seismic Survey
Spectrum is commencing a new 20,000 km 2D survey in Colorado and Salado basin offshore Argentina. This new program ties with Spectrum’s existing 35,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round.The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer.Data…
20 February 2019
James Fisher Continues Middle East Expansion with the Acquisition of Murjan
James Fisher and Sons plc (JFS) has further expanded its capabilities in the Middle East with the acquisition of Murjan Al-Sharq Marine Contracting LLC (MSMC).MSMC is an established service provider based in Saudi Arabia, with a 10-year track record of successful projects with Saudi Aramco. The acquisition brings a wealth…
20 February 2019
Repsol has made the Largest Gas Discovery in Indonesia in the past 18 years
Repsol and partners PETRONAS and MOECO have made the largest gas find in Indonesia in 18 years. The discovery is also among the ten largest finds worldwide in the last 12 months. The KBD-2X well in South Sumatra provides preliminary estimation of at least 2 TCF of recoverable resources.The discovery…
20 February 2019
BHGE Strengthens Presence in Qatar across Fullstream Operations
Baker Hughes, a GE company, the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP) to unlock new opportunities to expand its presence in the country and to support Qatar Petroleum’s Tawteen Program.The agreement confirms BHGE’s ongoing commitment to Qatar and…
20 February 2019
Wood Awarded EPCI Contract by Equinor in Norway
Wood has secured a new $13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.Effective immediately, Wood will provide topside modifications to enable the tie-in of subsea equipment to offshore platforms Snorre A and Snorre B,…
19 February 2019
Equinor Publish Draft Environment Plan (EP) for the Stromlo-1 Exploration Drilling Program in the Great Australian Bight
International energy company, Equinor, has released its draft Environment Plan (EP) for the proposed Stromlo-1 exploration drilling program in permit EPP 39 in the Great Australian Bight for public comment.The development of the EP is a key step in the offshore exploration regulatory process. It details Equinor’s planned activity and…
19 February 2019
Panoro Announces 50% Increase in 2P Oil Reserves at Tortue Field, Dussafu PSC, Offshore Gabon
Panoro Energy ASA provided an update on the Dussafu Production Sharing Contract (“PSC”), offshore Gabon, including a new oil reserves review from independent reserves auditor Netherland, Sewell & Associates Inc. (“NSAI”) on the Tortue field located within the PSC.John Hamilton, Chief Executive Officer of Panoro, said “The 50% increase in…
19 February 2019
Delineation of the 31/7-1 (Brasse) Oil and Gas Discovery near the Brage Field in the North Sea – 31/7-3 S and 31/7-3 A
Faroe Petroleum Norge AS, operator of production licence 740, has concluded the drilling of appraisal wells 31/7-3 S and 31/7-3 A.The wells were drilled about 10 kilometres south of the Brage field and 120 kilometres west of Bergen in the northern part of the North Sea.The 31/7-1 (Brasse) discovery was…
19 February 2019
TechnipFMC and DOF Subsea Announce the Delivery of Skandi Olinda and Commencement of Contract with Petrobras
TechnipFMC and DOF Subsea announced that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), has commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras).Skandi Olinda has state-of-the-art pipelay and marine technology. She has a 340-ton…
19 February 2019
McDermott Announces Contracts for Pan Malaysia Field Development
McDermott International, Inc. announced two sizeable* contracts, one from Sarawak Shell Berhad (SSB) and one from Sapura Exploration and Production (SEP), to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia.McDermott's scope of work for…
19 February 2019
Maersk Supply Service Completes Fleet Renewal Program
Maersk Maker, the final vessel of Maersk Supply Service's Starfish AHTS newbuilding series, was delivered yesterday from Kleven Yard. The vessel's arrival completes Maersk Supply Service's Fleet Renewal Programme, with ten new-build vessels delivered and 23 vessels divested over the last three years.Full announcement.
19 February 2019
Rystad Energy Expects 33 FPSOs to be Committed 2019-2021
From 2019 to 2021 Rystad Energy expects 33 FPSOs to be sanctioned as oil and gas activity picks up in the offshore sector. 15 of the FPSOs will require a production capacity above 80,000 barrels/day. This high capacity demand comes mainly from the developments in Guyana and Brazil whereas operators…
19 February 2019
Gazprom Signs Contract with Almaz-Antey Corporation for Batch Manufacturing of Subsea Production Equipment
Alexey Miller, Chairman of the Gazprom Management Committee, and Yan Novikov, Chairman of the Management Board, Director General of the Almaz-Antey Corporation, on 14 February at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases.According…