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7 December 2018
Neptune Energy Submits 'Decision to Continue' Report for Cara Project
Subsea tieback solution to Gjøa platform proposed for Norwegian North Sea oil and gas development.Neptune Energy and its licence partners have submitted the Decision to Continue (BoV) report for the Cara project to the Ministry of Petroleum and Energy. The licence partnership will now progress its technical and economic plan…
6 December 2018
McDermott Signs up Aqualis Offshore
Aqualis Offshore has entered into a master services agreement with McDermott Asia Pacific Sdn Bhd (McDermott) to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region.The agreement is valid for five years and covers five countries, including Singapore, Vietnam, India, Myanmar and…
6 December 2018
Nordic American Offshore Ltd. – Term Employment for One Ship
Nordic American Offshore Ltd (NAO) has been awarded a one-year fixed contract for the Platform Supply Vessel (PSV) “NAO Power” (2013).Commencement will be in early December 2018. The contract also has two 3-months options after the initial firm period.“NAO Power” will be operating above all in the North Sea for…
6 December 2018
Offshore Ambition Bonds Port of Blyth & New Tenant Texo CFS
Port of Blyth has announced it will soon be welcoming another new client to its offshore energy hub once a brand new £0.7m facility at its South Harbour terminal for fabricating specialists Texo CFS is completed.Known as one of the UK’s leading offshore energy support bases, the Port has developed…
6 December 2018
Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.
Transocean Ltd. announced that it has completed the acquisition of Ocean Rig UDW Inc. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean’s existing fleet.
6 December 2018
CGX Energy and Frontera Announce Strategic Guyana Joint Venture Agreement
CGX Energy Inc. and Frontera Energy Corporation announced that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned and operated by a subsidiary of CGX. The agreement also provides financial support as…
6 December 2018
Maersk Drilling and Seapulse Enter Alliance to Execute Global Exploration Drilling Programme
Maersk Drilling A/S and Seapulse Ltd. have signed a Master Alliance Agreement under which Maersk Drilling will provide fully integrated services, including provision of drilling rigs, related drilling services, well services, and other goods and services, for a global offshore oil & gas exploration drilling programme of 12 wells. The…
6 December 2018
Hibiscus Petroleum Corporate & Business Update
Hibiscus Petroleum Berhad carried out significant activities in 2018 which included: i) Completion of the acquisition of a 50% participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contractin Malaysia and commencement of operations of this second producing asset effective 1 April 2018 under the operatorship of the…
6 December 2018
Equinor and its Partners Boosting Vigdis
The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million barrels.Equinor and its partners have decided to invest some NOK 1.4 billion in Vigdis boosting station, expected come online in the first quarter…
5 December 2018
Bibby Offshore Becoming Rever Offshore
Bibby Offshore has been undertaking a full rebranding process following its transition to new ownership earlier this year.From 16 January 2019, the company will officially hand back the Bibby Offshore name and will be known thereafter as Rever Offshore.The company will continue to offer the same high levels of service…
5 December 2018
Drilling Permit for Well 35/11-22 S in Production Licence 248 C
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 35/11-22 S, cf. Section 15 of the Resource Management Regulations.Well 35/11-22 S will be drilled from the Deepsea Bergen drilling facility in position 61°5'2.27"N and 3°20'56.92"E after completing the drilling of wildcat well 6407/11-1 for Equinor…
5 December 2018
Drilling Permit for Well 7132/2-1 in Production Licence 857
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 7132/2-1, cf. Section 15 of the Resource Management Regulations.Well 7132/2-1 will be drilled from the West Hercules drilling facility in position 71°51'55.87"N and 32°25'56.42"E after concluding the drilling of appraisal well 7122/7-7 S for Eni Norge…
5 December 2018
Wired Drill Pipe Contracts Awarded
Equinor is stepping up its use of wired drill pipe to acquire subsurface real-time data during drilling operations, in line with the corporate digitalisation strategy and to prepare for automated drilling.NOV and Schlumberger have been awarded corporate frame agreements for global deliveries of wired drill pipes to Equinor. Both suppliers…
5 December 2018
Faroe Petroleum: Cassidy Exploration Well Commences in Norway
Faroe Petroleum announced the commencement of the Cassidy exploration well 8/10-7 S in the Norwegian North Sea (Faroe 15% working interest).The Cassidy prospect sits within the PL405 Oda licence (discovered by the partnership in 2011) and is being drilled back-to-back with the production wells on the Oda structure. The well…
5 December 2018
Faroe Petroleum: Norwegian Asset Swap with Equinor
Faroe Petroleum announced it has signed a binding agreement with Equinor Energy AS (a wholly owned subsidiary of Equinor ASA) to swap its interests in the Njord, Hyme redevelopment and Bauge development assets in return for interests in four production assets on the Norwegian Continental Shelf: Alve, Marulk, Ringhorne East…
5 December 2018
DEA to Acquire Sierra Oil & Gas in Mexico, Including Stake in World Class Zama Discovery
- DEA acquires Sierra Oil & Gas, a leading Mexican independent oil and gas company.- Sierra holds interests in approximately 9,400 square kilometres of exploration acreage in the core of the Sureste basin, including a 40% share in the world-class Zama discovery.- Zama is one of the world’s largest shallow…
5 December 2018
Oil & Gas UK Report Unveils Industry’s Key Role in Future Energy Mix
The UK oil and gas industry’s rich history of innovation will be critical to efforts to build a lower carbon economy, a new report will reveal today.The Energy Transition Outlook report, published by leading industry body Oil & Gas UK, will consider the issues and opportunities for the offshore oil…
5 December 2018
CGG and OMV Continue Cooperation with Multi-year Extension of Dedicated Center
CGG announced that its contract with OMV to operate a dedicated center at its head office in Vienna has been renewed. The contract will run for a further three years. During this period OMV will continue to benefit from onsite access to CGG’s subsurface imaging and reservoir characterization expertise and…
5 December 2018
RockRose Energy: Production Commences on A18-A5 Well, Netherlands
RockRose Energy, the independent oil and gas company, announced that the Petrogas operated A18-A5 well has been successfully drilled and completed on time and within budget and is now on production.The A18-A5 well targeted Pleistocene aged stacked marine sands, specifically the Q3.2 and Q4 sand units. Production at the A18…
5 December 2018
Apache Achieves First Oil at Garten Development in U.K. North Sea Less than Eight Months After Discovery
Apache Corporation announced it has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The discovery well, which is located 6 kilometers south of the Beryl Alpha Platform, was placed on production in late November, less than eight months after…
5 December 2018
SeaMade Reaches Financial Close for its 487 MW Offshore Wind Farm in the Belgian North Sea
Key facts: - SeaMade NV is responsible for the simultaneous development of both the Mermaid and Seastar offshore wind farms, resulting in the single largest wind farm financed and built in Belgium. SeaMade is a partnership between Otary, ENGIE Electrabel and Eneco Wind Belgium. - Financial close is reached on…
5 December 2018
Rowan Relentless has First Two Options Exercised by ExxonMobil
Rowan Companies plc announced that ExxonMobil has exercised the first two options for the Rowan Relentless, an R-Class ultra-deepwater drillship. The options will be used for operations in the US Gulf of Mexico and have an expected duration of 30 days each. The Rowan Relentless has been under contract since…
5 December 2018
Talos Energy Announces Commencement of Zama Appraisal Program
Talos Energy Inc. announced that the Zama-2 appraisal well was spud on Thursday, November 29, 2018. The spudding of the Zama-2 well marks the commencement of the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack.The first well, the Zama-2, will be…
5 December 2018
Carnarvon: Dorado Appraisal Drilling Update
Highlights - The Noble Tom Prosser jack-up drilling rig has now been secured - Two firm Dorado appraisal wells are planned with the first to commence around April 2019 Carnarvon Petroleum Limited advised that the contract for the Noble Tom Prosser jack-up drilling rig has been secured. The shallow water…
5 December 2018
BW Offshore: First Oil Cargo Offloaded from BW Adolo FPSO
BW Offshore announced that the first cargo of oil was successfully offloaded from the BW Adolo FPSO on 2 December. A total of 550,000 bbls of oil were transferred from the FPSO to a tanker which will transport the crude oil to a refinery.The BW Adolo achieved first oil from…
5 December 2018
Petrofac Awarded North Sea Contract Extension by TAQA
Petrofac’s Engineering and Production Services (EPS) business has secured a Condition Monitoring contract renewal from TAQA in the UK following competitive tender.Under the terms of the three-year agreement, Petrofac’s Condition Monitoring team will provide onshore and offshore vibration analyses, and support TAQA in equipment troubleshooting and monitoring for its North…
5 December 2018
Gas Transport System Expanded
Gaz-System and Energinet, the gas transport operators in Poland and Denmark respectively, have both taken a decision to invest in the Baltic Pipe development. This project comprises laying a pipeline spur from Norway to Denmark, reinforcing the Danish gas infrastructure, and laying a pipeline to link Denmark and Poland. On…
5 December 2018
ExxonMobil Increases Stabroek Resource Estimate to 5 Billion Barrels; Makes 10th Discovery
ExxonMobil said it has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation…
3 December 2018
Drilling Permit for Well 24/9-14 S in Production Licence 869
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 24/9-14 S, cf. Section 15 of the Resource Management Regulations.The well will be drilled from the Scarabeo 8 drilling facility in position 59°21'51.91" north and 1°46'52.29" east after completing drilling of wildcat well 24/9-13 in the…
3 December 2018
New Contract Strengthens ESVAGT’s Market Position in the UK
ESVAGT has been awarded a contract from Serica Energy for standby duties on the Bruce field located in the UK Central North Sea. The contract will be covered by ‘Esvagt Cassiopeia’.This brings the number of vessels in the strategically important British production market up to seven.Currently, ESVAGT has 18 vessels…
3 December 2018
Final Investment Decisions for the Baltic Pipe are Made
The Polish and Danish gas transmission system operators: GAZ-SYSTEM and Energinet have both made positive investment decisions and agreed to implement the joint Baltic Pipe project. The pipeline will enable the supply of natural gas from Norway through Denmark to Poland and other countries in the region as well as…
3 December 2018
Bayu Undan Infill Program Completed Under Budget and Ahead of Schedule
Santos announced first gas from the third and final well of the Bayu Undan infill well program, and delivery of the whole project under budget and ahead of schedule.A final investment decision was made in January last year as part of the long-term development plan for the Bayu Undan gas/condensate…
3 December 2018
Completion of Magnus Transaction
EnQuest PLC is pleased to announce that it has completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9.0% interest in the Sullom Voe Oil terminal and supply facility (‘SVT’) and additional interests in associated infrastructure from BP as planned.As outlined in the announcement…
3 December 2018
Shell Completes Divestment of Upstream Interests in Ireland for up to $1.30 billion
Royal Dutch Shell plc, through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion, to Nephin Energy Holdings Limited (NEHL), a wholly-owned subsidiary of Canada…
3 December 2018
Shell Completes Sale of Draugen and Gjøa Interests to OKEA
A/S Norske Shell has completed the sale of its interests in the Draugen and Gjøa fields in Norway for 4,52 Billion NOK (~US$526 million) to OKEA AS.With the deal completion, Shell exits its 44.56% operated interest in the Draugen field and 12% non-operated interest in the Gjøa field, representing approximately…
3 December 2018
Wellesley has Received Consent for Exploration Drilling in the North Sea
Wellesley is the operator for production licence 931. Petroleum Safety Authority Norway have given the company consent for exploration drilling of wells 35/4-2 (Songesand) and 35/4-U-1 shallow gas pilot hole. The Songesand well is in the North Sea, about 28 kilometres north-west of Vega, 44 kilometres north-east of Visund and…
30 November 2018
Serica Energy plc: Completion of the Acquisition of BP's Interests in Bruce, Keith and Rhum Fields and Re-Admission to Trading on AIM
Serica Energy plc announced the completion of the acquisition of interests in the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP (“BKR Acquisition”) by Serica Energy (UK) Limited and the re-admission of its Ordinary Shares to trading on AIM on 30 November 2018.Completion…
30 November 2018
Rationalisation of Tap’s Australian Portfolio Continues
Tap Oil Limited announced, consistent with its strategy to monetize and rationalise its Australian portfolio, that it has entered into a Sale and Purchase Agreement (SPA) for the sale of its 22.474% non-operated interest in WA-33-R, in the offshore Carnarvon basin of W.A.Pursuant to the terms of the SPA, the…
30 November 2018
Anadarko: Mozambique Update
Anadarko Mozambique Area 1, LTDA, a wholly owned subsidiary of Anadarko Petroleum Corporation, on behalf of the co-venturers in Mozambique's Offshore Area 1, announced the selection of a consortium consisting of TechnipFMC and VanOord as the preferred tenderer for the engineering, procurement, construction and installation (EPCI) of the offshore subsea…
30 November 2018
EnVen Energy Corporation Announces “King Crab” Spud and “GL-5” Mobilization
EnVen Energy Corporation announced that it spud its King Crab well on Ewing Bank Block 873 in its Lobster field. The King Crab well targets an oil-focused reservoir approximately 14,000 feet subsea with seismic amplitudes consistent with and comparable in size and thickness to existing producing Lobster zones (Bul 1…
30 November 2018
Providence Resources Provides Update on Standard Exploration Licence 1/11 that Contains Barryroe
Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, provided an update on the planned well site survey operations over Standard Exploration Licence (“SEL”) 1/11 that contains the Barryroe oil accumulation. SEL 1/11 is operated by EXOLA DAC (40%), a wholly-owned Providence subsidiary, on behalf of its partners,…
30 November 2018
DOF Subsea Asia Pacific Awarded IMR Contract Extension
DOF Subsea Australia Pty Ltd’s existing Subsea Inspection, Maintenance and Repair Contract with Chevron Australia has been extended. DOF Subsea has successfully provided IMR vessel, ROV, AUV, Project Management, Engineering services including on and offshore professional personnel to execute various work scopes supporting construction and IMR activities on the Chevron-operated…
30 November 2018
New Contract for Edda Fauna will Secure Winter Utilization
Østensjø Rederi has been awarded a contract by a major European energy company for operation in the renewable sector.The contract commenced in November and will secure utilization during the winter period for Edda Fauna up to the commencement of vessel’s firm contract with DeepOcean.
30 November 2018
New Contract for Østensjø Rederi's Sun Enabler
Østensjø Rederi has been awarded a contract by VBMS for operation in the renewable sector.The contract commenced in November and will secure utilization during the winter period for Sun Enabler.
29 November 2018
C-Kore Systems Successfully Completes A/S Norske Shell Contract
C-Kore Systems have successfully completed a contract with A/S Norske Shell, where their C-Kore Subsea Testing tools were used to assist with fault-finding in the Draugen field in Norway. With the use of the C-Kore tools, Shell was able to quickly locate the source of low IR on the field.C-Kore’s…
29 November 2018
Discover Exploration Farms Out Comoros PSC to Tullow Oil
Discover Exploration Limited, an upstream oil and gas company, announced that its wholly-owned subsidiary Discover Exploration Comoros B.V. has signed a binding agreement to farm out a 35% working interest in its Production Sharing Contract (PSC) covering blocks 35, 36 & 37 offshore the Union of the Comoros (“Comoros PSC”)…
29 November 2018
i-Tech Services Wins First Contract Under New Vessel Charter Agreement
Following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year, i-Tech Services’ MMA Pinnacle has secured its first inspection, repair and maintenance (IRM) contract with an integrated oil and gas services company, based in Malaysia.The broad work scope for the 30-day campaign ranges…
29 November 2018
Plan to Enable First UK Carbon Capture Project from the mid 2020s Announced at World-first Summit
The UK’s first carbon capture usage and storage (CCUS) project could be up and running from the mid-2020s under government plans were unveiled on 28 November at a world-first summit in Edinburgh.More than 50 international leaders, CEOs of major energy companies, manufacturing businesses and finance firms gathered to discuss the…
29 November 2018
BHGE Launches Subsea Connect and Aptara™ TOTEX-Lite Subsea System
Baker Hughes, a GE company announced the launch of its new approach to subsea development: Subsea Connect, including its Aptara™ TOTEX-lite subsea system, a suite of new lightweight, modular technologies designed for the full life of field. By combining planning and risk management, new modular deepwater technology, innovative partnerships and…
29 November 2018
Independent Oil and Gas plc: SNS Project and Harvey Update
Independent Oil and Gas plc, a development and production company focused on becoming a substantial UK gas producer, provides an update on the progress of its development and appraisal projects and the timing of Final Investment Decision (“FID”) on Phase 1 of its core development project (the “Core Project”) in…