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25 January 2019
Eni Announces the Start-up of a New Production Well in the Vandumbu Field in Block 15/06, Offshore Angola
Eni has successfully launched a new production well in the Vandumbu field, about 350 km north-west of Luanda and 130 km west of Soyo, in the West Hub of Block 15/06, in Angola’s offshore.The start-up of the VAN-102 well – which follows the start-up of the second Subsea Multiphase Boosting…
25 January 2019
Westwood Global Energy Group: What to Watch Out for in 2019 in E&P
Westwood Global Energy Group reported that the oil price recovery that began in early 2016 and which gathered momentum in the second and third quarters in 2018 faltered in the fourth quarter regressed back towards the long-term average of $56/bbl. Oil and gas demand has never been higher with the…
25 January 2019
Vår Energi: Battery Hybrid Stril Barents in the Barents Sea: Supply Vessel with Shore Power Cuts CO2 Emissions for Goliat
In November 2018, Vår Energi (formerly Eni Norge) and Simon Møkster Shipping signed an agreement to upgrade the supply vessel Stril Barents in order to reduce CO2 emissions. The upgrade involves the installation of shore power connection, combined with a new battery solution for energy storage on board.Stril Barents is…
25 January 2019
Minor Gas Discovery and Appraisal Well Southeast of the Kristin Field in the Norwegian Sea
Total E&P Norge AS, operator of production licence 255 B, has concluded the drilling of wildcat well 6406/6-6 S and appraisal well 6406/6-6 A.The wells were drilled about 40 km southeast of the Kristin field in the southern part of the Norwegian Sea.The primary exploration target for the well was…
25 January 2019
SeaBird Exploration: Contract Extensions
SeaBird Exploration announced the extension of two existing contracts: The contract for the Voyager Explorer, which is working on an ocean bottom node survey in the Far East, has been extended by approximately 90 days until March 2019, with an option for the charterers to extend by another 30 days.…
24 January 2019
FAR Limited: Seismic Survey on WA-458-P Complete
FAR Limited advised that the seismic acquisition across permit, WA-458-P has safely and successful been completed.Late last quarter FAR concluded stakeholder engagements with CGG to join in the much anticipated Davros Extension Multiclient 3D Survey. FAR received a Notice of Start of Acquisition from CGG in mid-December as the MV…
24 January 2019
Japan Drilling Co., Ltd.: New Drilling Contract for "HAKURYU-5" (Indonesia)
Japan Drilling Co., Ltd. (JDC) announced that its subsidiary company "PT. Japan Drilling Indonesia" together with a shipping company in Indonesia has entered into a drilling contract with Medco E&P Natuna Ltd. for the provision of a semi-submersible drilling rig "HAKURYU-5".The main terms of the drilling contract are as follows:1.…
24 January 2019
Shelf Drilling Awarded New Contract in India with ONGC
Shelf Drilling, Ltd. announced that it has received an award for a three-year contract for the Ron Tappmeyer jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q2 2019.
24 January 2019
DOF have been Awarded a Contract for the Vessel Skandi Gamma
DOF have been awarded a 2 year contract by a major North Sea Operator for the PSV Skandi Gamma with commencement in Q1 2019.
24 January 2019
Talos Energy Provides Update On Zama Appraisal
The Zama-2 appraisal well is the first of three appraisal penetrations drilled by the Consortium to better define the resource potential of the Zama discovery. The Zama-2 appraisal penetration was drilled in a down-dip location approximately 1.3 miles (2.1 kilometers) to the north of the Zama-1 discovery well in an…
24 January 2019
Polarcus Secures 3D Seismic Project Offshore Mexico
Polarcus Limited announced that an award has been received for a 3D marine seismic acquisition project offshore Mexico. The project duration is approximately 45-days and is scheduled to commence in Q2 2019.
24 January 2019
Lundin has Received Consent for Exploration Drilling in the North Sea
Lundin is the operator for production licence 338. Petroleum Safety Authority Norway have now given the company consent for exploration drilling and well testing of wells 16/1-31 S and 16/1-31 A .The well is in the central North Sea, east of the Edvard Grieg field.The drilling location will have the…
23 January 2019
TAMS Acquires Two Queensland-based Marine Services Companies
Highlights - TAMS buys 100% of Gladstone-based diversified marine service provider MIPEC, and Cairns-based diving company Taylored Offshore Services. - Represents further expansion of TAMS and its first acquisitions outside of Western Australia - TAMS to take over MIPEC’s current contracts, support current MIPEC customer base - Taylored Offshore Services’…
23 January 2019
Atlantic Petroleum: Provision Release and Update on Orlando Field
Atlantic Petroleum announced updates on the goals set for 2018 in its 2018 Annual Report - Following the successful relinquishment of Atlantic Petroleum’s licence interests in the North Sea fields of Blackbird and Ettrick completed on end December 2018, the Group will release in excess of £11m of provisions which…
23 January 2019
Empyrean Energy PLC: Independent Resource Audit of Mako Gas Field and Conversion to Gross Split PSC in Duyung PSC, Indonesia
Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, announced an independent resource audit of the Mako gas field by Gaffney Cline & Associates ("GCA"). Additionally, West Natuna Exploraon Limited ("WNEL" or the "Operator") has been invited to convert the DuyungProducon…
23 January 2019
OGA Launches Podcast Series with Future Industry Leaders
The Oil and Gas Authority (OGA) has launched its own podcast series to bring people together to openly discuss hot topics in industry.For their first series, five industry leaders get together to talk about the sector’s shared ambition for the future – Vision 2035 – and its contribution to the…
23 January 2019
Hyundai Heavy Industries Signs up TMC for Roncador Tankers
TMC Compressors of the Seas (TMC) has signed a contract to supply complete marine compressed air systems for two shuttle tankers that Hyundai Heavy Industries (HHI) is building for Norwegian tank operator Knutsen NYK Offshore Tankers (KNOT).The two 153,000 DWT DP2 shuttle tankers will be built by Hyundai Heavy Industries…
23 January 2019
Consent to Extend the Life of Vesterled
Petroleum Safety Authority Norway have now given Gassco consent to operate the Vesterled pipeline until the production licence expires in 2028.Vesterled transports dry gas from the Heimdal riser platform to St. Fergus in the UK.
22 January 2019
New Contract with Repsol Sinopec sees Peterson Handle Record Tonnage Across its Aberdeen Operations
International energy logistics provider Peterson has been awarded a new long-term integrated logistics contract to service Repsol Sinopec Resources UK (“Repsol Sinopec”). The contract sees Repsol Sinopec transitioning their marine and quayside operations to Aberdeen from Peterhead with integrated supply base, logistics, transport and warehousing operations being provided from Peterson’s…
22 January 2019
Oceaneering Secures Three Subsea Umbilical Contracts with Total Value Exceeding $80 Million
Oceaneering International, Inc. announced it has recently secured three subsea umbilical contracts valued in excess of $80 million in total. The contracts with major international operators are to supply developments in the Mediterranean Sea, the North Sea and the South China Sea. Two contracts are for electro-hydraulic, steel tube production…
22 January 2019
10 Developments that will Shape Africa’s Energy Sector in 2019
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019. However, the new year also brings a new set of dynamics and challenges set to influence the future…
22 January 2019
Wood Mackenzie: Outlook Sluggish for Upstream M&A
Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1…
22 January 2019
Cairn: Operational Update
Ahead of announcing its preliminary results for the year to 31 December 2018 on 12 March 2019, Cairn provided an update on its operations and trading performance together with guidance for 2019. This information is unaudited and subject to further review.Production - Combined production net to Cairn from the Catcher…
22 January 2019
Van Gogh Infill Project Lifts Santos Oil Production
Santos announced first oil from the Van Gogh infill project, marking the successful completion of the two-well program that will increase production from the field.The Van Gogh field is one of three subsea oil field developments located in the Exmouth Basin, offshore Western Australia, which tie into the Floating Production,…
22 January 2019
Greater Investment Expected to Fuel Oil and Gas Industry Growth in 2019, but Signs of Old Spending Habits may be Resurfacing
New research has revealed that companies’ resilience to volatile market conditions will be put to the test in 2019, as business leaders expect the industry to commit to greater investment to meet hydrocarbon demand.- Confidence in the outlook for the oil and gas sector more than doubles in two years…
22 January 2019
Helix Secures P&A Work with Acquired Lease in GOM
Helix Energy Solutions Group, Inc. announced that it has acquired from Marathon Oil Corporation certain operating depths associated with the Droshky Prospect on Green Canyon Block 244, along with related infrastructure. As part of the transaction, Helix will perform the required plug and abandonment operations for which Marathon Oil will…
21 January 2019
Fugro Uses Rapid Airborne Multibeam Mapping System (RAMMS) to Acquire Integrated Land and Sea Data Over Turks and Caicos Islands
Fugro has completed a landmark data acquisition campaign over the Turks and Caicos Islands, marking the first commercial success of its new Rapid Airborne Multibeam Mapping System (RAMMS).Working under contract to the United Kingdom Hydrographic Office (UKHO), over 7,400 square kilometres of integrated, high-resolution bathymetric, topographic and image data were…
21 January 2019
Sandvik Receives Several High Value-added Tubular Orders
Sandvik Materials Technology has received several orders for advanced tubes for the oil and gas industry at a combined value of about 1 billion SEK, with the majority being umbilical tubes. Orders were booked in the first quarter of 2019 and deliveries are scheduled as from the second half of…
21 January 2019
Aker BP’s Capital Markets Day 2019
Profitable growth and increasing dividendsStrong performance in 2018 puts Aker BP in a good position to raise its growth ambition to organically triple its production by 2025, to cut production costs from USD 12 to USD 7 per barrel and to significantly increase the dividend payments to shareholders.– "Excellent execution…
21 January 2019
Saipem Awarded Two New Offshore Contracts from Saudi Aramco for a Total of Approximately 1.3 billion USD
Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of approximately 1,3 billion USD as part of the Long Term Agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021.These two contracts refer…
21 January 2019
Carnarvon Quarterly Report 31 December 2018
Quarter Highlights: - Noble Tom Prosser rig secured to drill Dorado appraisal wells commencing around April 2019 - Significant follow up potential identified following world-class Dorado discovery - Buffalo Project PSC discussions significantly advanced with the Government of Timor-Leste - A$48.3 million held in cash at the end of the…
21 January 2019
Hurricane Energy plc: Operational Update
Hurricane Energy plc provided an operational update in relation to the Early Production System development of the Lancaster field.During the buoy hook-up operation on 18 January 2019, the rope being used to pull in the buoy became snagged and it was not possible to complete the hook-up operation. The rope…
21 January 2019
PGS Covers APA 2018 Record Awards
Modern PGS data library coverage over the 2018 APA license areas, announced this week by NPD, offers rapid access to improved understanding of key areas of the Barents Sea, Halten Terrace, Viking Graben and Central Graben.New production licenses for 83 areas on the Norwegian continental shelf have been released in…
21 January 2019
One Step Further for Increased Gas Extraction from Ormen Lange
The Ormen Lange license has chosen subsea compression as a concept for the Ormen Lange Phase 3 to increase the recovery rate from the reservoir.- "This is an important choice, where we have evaluated a number of alternative concepts. Subsea compression will result in a significant increase in what is…
18 January 2019
Kongsberg Maritime: Swire Seabed AS Orders a HUGIN Autonomous Underwater Vehicle
Kongsberg Maritime announced that Swire Seabed AS of Bergen, Norway has ordered a HUGIN AUV System configured for commercial survey applications.The Swire Seabed HUGIN AUV System is rated to 4500 metres and equipped with Kongsberg Maritime’s HISAS 1032 Synthetic Aperture Sonar and EM2040 multibeam echosounder. Other payload sensors integrated in…
18 January 2019
Bureau Veritas Awarded Major Inspection Contract for New Oil Field Development
Bureau Veritas, a world leader in laboratory testing, inspection and certification services, has been awarded a four-year contract with Neptune Energy to provide second and third-party inspection services for the new Fenja oil and gas field development, offshore Norway.The Fenja Field, which is estimated to hold 100 million barrels of…
18 January 2019
SEACOR Marine Enters Agreement to Acquire Three Additional Platform Supply Vessels from Affiliates of COSCO Shipping Group
SEACOR Marine Holdings Inc. announced it has entered into definitive agreements to acquire three platform supply vessels (“PSVs”) from COSCO Shipping Heavy Industry (Zhoushan) Co., Ltd. (“COSCO Zhoushan”), an affiliate of COSCO Shipping Group, the world’s largest ship owner. Aggregate consideration for the vessels will be approximately $46.0 million, of…
18 January 2019
Fabricom Offshore Services Re-brands Following Aberdeen Expansion and MBO
Fabricom Offshore Services has announced the launch of a new name and corporate identity. From today, the energy services firm will operate under the name Quanta Fabricom.The company has undergone a complete re-brand following a recent management buyout. During 2018, an MBO took place with the company being acquired by…
18 January 2019
Rhenus Receives New Multipurpose Platform Supply Vessel for Offshore Projects
Rhenus Offshore Logistics, working in conjunction with A1 Offshore Solutions, started operating a supply vessel with extensive functions on 1 January 2019. The customer TenneT is using the ship for supply trips to offshore platforms as well as performing inspections and repair work on structures and submarine cables from the…
18 January 2019
Wild Well Control Announces Montrose Facility Expansion in UK
Wild Well Control, a Superior Energy Services company and the global leader in well control and engineering services, has announced the expansion of its Montrose facility at South Ferryden, UK.Wild Well, the industry leading provider of well control response, subsea and well control engineering, and training services, maintains the WellCONTAINED™…
18 January 2019
Rystad Energy: Offshore Service Market Growth to Outpace Shale in 2019
Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.At current oil price levels, spending on land rigs, fracking and other services…
18 January 2019
PGNiG: Agreement for Oil and Gas Exploration in UAE
Representatives of PGNiG SA, the Ras Al Khaimah Petroleum Authority and RAK GAS LLC have signed an agreement whereby the Polish company is permitted to explore for and produce hydrocarbons in the emirate of Ras al Khaimah. On behalf of PGNiG SA, the Exploration and Production Sharing Agreement was signed…
18 January 2019
Providence Resources P.l.c.: Licence Update
Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provided an update on Licensing Option (“LO”) 16/27, operated by TOTAL E&P Ireland B.V. (“TOTAL”) (50.0%) on behalf of its partners, Providence Resources P.l.c. (40.0%) and Sosina Exploration Limited (10.0%), collectively referred to as the “JV Partners”. LO 16/27…
17 January 2019
Ocean Infinity to Perform AUV Surveys in Brazil
Ocean Infinity, the next generation seabed survey and ocean exploration company, announced that its partner, Cepemais, the Brazilian offshore consulting company, has been awarded a contract to provide high-resolution hydrographic mapping services to Petrobras, the Brazilian national oil company.The project is for the Campos, Espirito Santo and Santos basins, offshore…
17 January 2019
Equinor and ESVAGT Prolong their Cooperation
Over the next three years, the ’Esvagt Bergen’ and the ‘Esvagt Stavanger’ will be servicing Equinor in the southern part of the Norwegian sector.Eight years of mutual trust and cooperation are about to be extended, as Equinor and ESVAGT add a minimum of three years to their cooperation in the…
17 January 2019
Drilling Permit for Well 25/1-13 in Production Licence 871
The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 25/1-13, cf. Section 15 of the Resource Management Regulations.The well will be drilled from the Transocean Arctic drilling facility in position 59°49'15.46"N and 02°16'37.04"E after concluding the drilling of appraisal wells 31/7-3 S and 31/7-3 A…
17 January 2019
OMV: Pohokura Intervention Campaign
Next month (February) OMV Taranaki will be undertaking a planned campaign to re-establish the deliverability of the existing offshore wells through ‘well intervention’ activities. The Pohokura Intervention Campaign is scheduled to commence in February 2019 and finish late April 2019. For safety reasons, offshore production will have to be stopped…
17 January 2019
Subsea Integration Alliance Awarded Integrated EPCIC Contracts
Subsea Integration Alliance announced the award of integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts. These awards, by Esso Australia Pty Ltd, represent the first integrated subsea project for Subsea Integration Alliance in Australia combining OneSubsea and Subsea 7 expertise in subsea production systems (SPS) and subsea umbilical,…
17 January 2019
Jersey Oil and Gas plc: Operational Update
Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announced that it has been advised by Equinor UK Limited, operator of the P2170 (Blocks 20/5b & 21/1d) licence area, that the West Phoenix rig has, on…