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29 November 2018
Aker BP has Received Consent for Exploration and Production Drilling in the North Sea
Aker BP is the operator for production licence 340/869. Petroleum Safety Authority Norway have now given the company consent to drill an exploration and production well on the Bøyla field.The Bøyla field is in the North Sea, around 200 kilometres from land (Karmøy). The well has the following coordinates:59° 20'…
29 November 2018
Subsea Innovation Announces Two High Profile Contract Awards
Subsea Innovation Ltd, part of Tekmar Group plc, has announced two high profile contract wins with Royal IHC, as part of a collaborative framework agreement.Subsea Innovation is a world leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market.Subsea Innovation will…
28 November 2018
Drilling Permit for Well 6406/6-6 A in Production Licence 255 B
The Norwegian Petroleum Directorate has granted Total E&P Norge AS a drilling permit for well 6406/6-6 A, cf. Section 15 of the Resource Management Regulations.Well 6406/6-6 A will be drilled from the Scarabeo 8 drilling facility in position 64°35'47.61" North and 6°51'15.40" East after completing the drilling of wildcat well…
28 November 2018
Drilling Permit for Well 7121/1-2 S in Production Licence 767
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7121/1-2 S, cf. Section 15 of the Resource Management Regulations.Well 7121/1-2 S will be drilled from the Leiv Eiriksson drilling facility in position 71°47'38.40" North and 21°07'30.53" East.The drilling programme for well 7121/1-2 S relates to…
28 November 2018
International Petroleum Corporation Publishes Prospectus for Issuance of New IPC Common Shares in Connection with the Acquisition of BlackPearl Resources Inc.
International Petroleum Corporation (“IPC”) announced that IPC’s prospectus for the proposed issuance of new common shares of IPC to the securityholders of BlackPearl Resources Inc. in connection with the acquisition by IPC of BlackPearl has been approved.The prospectus was approved by and registered with the Swedish Financial Supervisory Authority on…
28 November 2018
Recruitment on the Rise as Oil & Gas Optimism Continues to Grow, Potential Impending Skills Gap on the Horizon
Workforce recruitment is on the rise among oil and gas contractors in the UK Continental Shelf (UKCS) as business confidence reaches its highest level since 2013, according to an industry report released on Wednesday, November 28th.The findings of the 29th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber…
28 November 2018
BP Names New Gulf of Mexico Platform
BP announced that the new floating production unit for the Mad Dog 2 project in the deepwater Gulf of Mexico will be named Argos.The name, chosen by the project team and an employee survey, is a reference to Odysseus’ loyal dog from "The Odyssey," and a nod to the Mad…
28 November 2018
PSV Contracts Awarded by Allseas
Allseas has awarded Solstad Offshore ASA contracts for two PSVs, "Normand Naley" (2011, VS 485) and "Sea Supra" (2014, PX105), for pipe-haul duties. Both contracts are for 70 days firm plus options with commencement first half of December 2018.
28 November 2018
Port Of Cromarty Firth Invests £30 Million In A New Energy And Cruise Hub For The Highlands
The Port of Cromarty Firth board on 26th November 2018, announced a new quayside expansion, costing a record £30 million. This follows the recent announcement of a £10 million contract from Moray East Offshore Windfarm to become the intermediate port for their 95-turbine development. The new quayside will generate over…
28 November 2018
CLNR: Licence Update on P2252 & 2248
Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea gas basin, announced that it has recently updated the UK Oil and Gas Authority (“OGA”) on its farm out processes for the P2248 and P2252…
28 November 2018
Bourbon Subsea Services has Installed the First Floating Wind Turbine of the Kincardine Offshore Windfarm
Contracted by the Spanish construction group Cobra, BOURBON completed the installation of the first wind turbine at Cobra Wind's Kincardine site, Scotland, off the coast of Aberdeen this summer.Bourbon Subsea Services' experience in floating wind turbine installation enabled them to swiftly and efficiently execute the engineering phase of this turnkey…
28 November 2018
Growing Expertise and Cost Leadership Help Deliver Stabilisation in Decommissioning Market
Oil & Gas UK’s 2018 Decommissioning Insight Report, which provides a fresh insight of the market over the next ten years (2018–27), reveals that decommissioning expenditure is expected to run at about £1.5 billion per annum over the next decade, 20 per cent lower than forecast in 2017.The report shows:…
28 November 2018
Wood Mackenzie: Revisiting the Deepwater Cost Curve
Falling costs and rising production are reshaping the deepwater market. Costs will stay low until 2020, after which cost inflation could bite. How will the industry respond?The deepwater industry was hit hard in 2014. With an average pre-FID project breakeven cost of US$78/ boe, but with oil prices falling to…
27 November 2018
Van Oord Select Tekmar for Borssele 2
Tekmar Energy announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink® Mechanical Latch for the Borssele 2 (site III and IV) offshore wind farm.Borssele 2 consisting of 77 turbines and a total of 731.5 MW, will go into construction off the coast…
27 November 2018
London Array Limited Selects James Fisher to Provide the Complete Maintenance Solution
James Fisher Marine Services (JFMS) has secured a trio of milestone contracts on London Array 175 turbine 630 MW wind farm – one of the largest in Europe.Already appointed by London Array as the contractor for topside balance of plant (BoP) services, JFMS will now also provide subsea services, including…
27 November 2018
Fred. Olsen Windcarrier’s 400th Turbine Installation took place on Horns Rev 3
This week, Fred. Olsen Windcarrier completed the company’s 400th wind turbine installation. The wind turbine was successfully installed at Vattenfall’s Horns Rev 3 project in Denmark, where A2Sea takes on turbine installation works with third party vessel; Brave Tern. Horns Rev 3 will consist of a total of 49 V164-8.3…
27 November 2018
New Drilling Contract for "HAKURYU-11"
Japan Drilling Co., Ltd. (JDC) announced that its subsidiary company "P.T. Japan Drilling Indonesia" together with a shipping company in Indonesia has entered into a drilling contract with Premier Oil Natuna Sea B.V. for the provision of a jack-up drilling rig "HAKURYU-11".The main terms of the drilling contract are as…
27 November 2018
Saudi Aramco Signs Deals Worth $27.5 billion with Suppliers
Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment opportunities with Saudi Aramco in the upstream, chemicals, utilities, non-metallic,…
27 November 2018
Santos Completes Acquisition of Quadrant Energy
Santos announced that it has completed the acquisition of Quadrant Energy. The effective date of the transaction is 1 January 2018.On completion Santos paid an amount of US$1.93 billion, comprising the purchase price of US$2.15 billion less completion adjustments and cash acquired.The completion amount was fully funded from Santos’ existing…
27 November 2018
Energean Announce First Steel Cut on Karish and Tanin FPSO
Energean Oil and Gas plc, the London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore Israel, Greece and the Adriatic announced that first steel was cut on the Karish and Tanin floating production storage and offloading (“FPSO”) vessel at the COSCO yard in Zhoushan, China,…
27 November 2018
Wintershall Acquires Stake in the Largest Gas and Condensate Fields yet to be Developed in the United Arab Emirates
- 10% stake in Ghasha Concession in Abu Dhabi - Close partnership with ADNOC: 40 years term concession - Investments running into the billions in the growth region in the Arabian GulfWintershall will invest in one of the world’s most important centers for oil and gas production: The company will…
26 November 2018
Consent to Use Songa Endurance at Troll
Petroleum Safety Authority Norway have given Equinor Energy AS (Equinor) consent to use Songa Endurance for drilling, completion and slot recovery of well 31/2 D-7 BY1H/BY2H/BY3H on the Troll field in the North Sea.The operation is scheduled to start in December 2018 and estimated to last 117 days.The well is…
26 November 2018
Proman Increases Trinidad and Tobago’s Natural Gas Supply to Petrochemical Plant
DeNovo delivers first commercial supply of natural gas from Iguana Field after more than 30 years of remaining undeveloped.DeNovo Energy Limited, a subsidiary of the Proman Group, has announced the first commercial supply of gas from the Iguana Field in Block 1(a), which will deliver 80 million cubic feet of…
26 November 2018
Maersk Drilling gets Four-month Extension for Maersk Intrepid
Equinor has exercised two options of two months each for jack-up rig Maersk Intrepid. As a result, the rig is now contracted to Equinor until the end of February 2020. Two options of two months each remain undeclared on the contract.In the four-month extension period, Maersk Intrepid is expected to…
26 November 2018
Serica: Publication of Supplementary Admission Document
Serica Energy plc announced that it has published the supplementary AIM admission document in relation to the proposed acquisition by Serica UK of BP’s interests in the Bruce, Keith and Rhum fields and associated infrastructure in the North Sea (the “BKR Acquisition”) and the re-admission of the Company's Ordinary Shares…
26 November 2018
Lamprell: Ascension to Saudi Aramco's Offshore LTA Programme
Lamprell with its partners has been selected as a contractor on Saudi Aramco's Long Term Agreement for Offshore Facilities (LTA) programme.The LTA is part of an ambitious offshore investment programme and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco's Offshore Maintain Potential Program, Oil &…
26 November 2018
Spirit Energy Submits Environmental Statement for Pegasus West
Spirit Energy has submitted its Environmental Statement for the Pegasus West development to the Department for Business, Energy and Industrial Strategy, launching a public consultation on the plans.The submission of the Environmental Statement is a key milestone in progressing Pegasus West towards final sanction and full development.Spirit Energy will make…
26 November 2018
Subsea 7 Awarded Frame Agreement Extension Offshore UK
Subsea 7 S.A. announced the award of a sizeable(1) three-year extension of an existing DSVi(2) frame agreement, with seven North Sea clients: Chevron North Sea Limited, Dana Petroleum (E&P) Limited, Hess Denmark APS, Nexen Petroleum U.K. Limited, Repsol Sinopec Energy UK Limited, Shell UK Limited and TAQA Bratani Limited. Under…
23 November 2018
Ofgem Chooses Preferred Bidder for Link to Galloper Offshore Wind Farm
Ofgem has selected Diamond Transmission Partners as the preferred bidder to own and operate the high voltage transmission link to the Galloper offshore wind farm for the next 20 years.Diamond Transmission Partners, a consortium comprising Mitsubishi Corporation and HICL Infrastructure Company Limited, was selected by Ofgem through a tender process…
23 November 2018
DEME’s Giant, Next Generation Installation Vessel ‘Orion’ Launched in China
In a spectacular ceremony DEME’s next generation, giant new offshore installation vessel ‘Orion’ was successfully launched at the COSCO Qidong shipyard in China on November 21. ‘Orion’ will feature an unrivalled combination of exceptionally high transport and load capacity, impressive lifting heights and green technology.The launching marks a major milestone…
23 November 2018
Minor Gas/Condensate Discovery North of the Oseberg Field in the North Sea - 30/6-30
Faroe Petroleum Norge AS, operator of production licence 825, is in the process of concluding the drilling of wildcat well 30/6-30.The well was drilled about 25 kilometres north of the Oseberg field centre in the northern part of the North Sea, and 150 kilometres northwest of Bergen.The primary and secondary…
23 November 2018
InfraStrata plc: Islandmagee Gas Storage Project - Completion of FEED & P90 Estimate
InfraStrata plc, the UK quoted company focused on the development of natural gas storage capacity, announced that work on the FEED (Front End Engineering Design) for its Islandmagee gas storage project has now been completed by the engineers and consultants, both for the surface and subsurface elements, and the final…
23 November 2018
INEOS Completes $80m Investment to Extend the Life of Clipper South, its Southern North Sea Gas Field
A new pipeline, subsea infrastructure and processing equipment has been installed to re-route production from the Clipper South field as ConocoPhillips commence the shutdown of operations at the existing Theddlethorpe Gas Terminal.The new subsea pipeline will now transport production to the Shell-operated Clipper platform and onwards via existing pipelines to…
23 November 2018
Information Available from the Greater Buchan Area Plan Engagement Event
The presentation materials and other relevant information are now available from the industry engagement session held on Greater Buchan Area Plan, last week in Aberdeen.The OGA is opening a Supplementary Licensing Round in Q1 2019 to maximise recovery of the significant potential recoverable resources in the Greater Buchan area.A new…
23 November 2018
BP Starts Up Clair Ridge Production
BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, announced first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK.Clair Ridge is the second phase of development of the Clair field, 75 kilometres West of Shetland. The field, which was discovered in 1977,…
22 November 2018
Drilling Permit for Well 7122/7-7 S in Production Licence 229
The Norwegian Petroleum Directorate has granted Eni Norge AS a drilling permit for well 7122/7-7 S, cf. section 15 of the Resource Management Regulations.Well 7122/7-7 S will be drilled from the West Hercules drilling facility in position 71°17'33.53" North and 22°15'14.46" East after concluding the drilling of wildcat well 7324/3-4…
22 November 2018
Solstad Offshore: Sale of Vessel
Farstad Marine AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the PSV Far Supplier (built 1999, 6.700 BHP). Delivery of the vessel to the new owner took place on Wednesday November 21st, 2018. The sale of the vessel will result in a minor positive accounting effect for…
22 November 2018
Emperor Energy: Gas Production Dynamic Modelling - Judith Gas Field
Highlights - Simulated Judith Production Wells estimated to each deliver 20 to 30 Million Standard Cubic Feet Per Day (MMcf/d) (3D-GEO) - Production Simulation indicates the Judith Closure can deliver 29 Billion Cubic Feet Per Year (Bcf/year) for 20 years using a simple 5 well development plan (3D-GEO) - Judith…
22 November 2018
Lundin Receives Consent for Exploration Drilling in the Barents Sea
Lundin is the operator for production licence 767. Petroleum Safety Authority Norway have now given the company consent for exploration drilling and testing of well 7121/1-2 S.The well is in the Barents Sea, in the centre of Troms I, approx. 121 kilometres from land (Bondøya north of Sørøya) and has…
22 November 2018
African Petroleum: Licence Update - Sierra Leone
African Petroleum Corporation Limited issued the following update with regards to its two operated licences in Sierra Leone.It has been determined that the Company will relinquish its interests in licenses SL-03-17 and SL-4A-17 with immediate effect. The relinquishment of the licences is a result of the decision to not commit…
22 November 2018
Shell Australia and the Government of Timor-Leste Agree on Terms for Sale of Interest in Greater Sunrise Fields
Shell Australia and the Government of Timor-Leste have entered into a Sales and Purchase Agreement (SPA) for the sale of Shell’s 26.56 percent interest in the Greater Sunrise fields.EVP for Shell Australia, Zoe Yujnovich said the transaction, valued at US$300 million, will allow the Timor-Leste Government and joint venture partners…
22 November 2018
Rowan to Optimize Active Drillship Fleet by Concentrating Work to the Rowan Resolute
Rowan Companies plc announced that the previously disclosed contract with Fieldwood Energy LLC for the Rowan Reliance will be transferred to the Rowan Resolute under the same contractual terms, which includes a one-year, firm term plus three 90-day options. The Company also announced that LLOG has elected to exercise its…
22 November 2018
Gas Discovery Northwest of Gas Discovery 7325/1-1 (Atlantis) in the Barents Sea – 7324/3-1
Equinor Energy AS, operator of production licence 615, has completed the drilling of wildcat well 7324/3-1.The well was drilled about 15 kilometres northwest of discovery well 7325/1-1 (Atlantis) and 370 kilometres north of Hammerfest.The well's primary exploration target was to prove oil in reservoir rocks from the Late Triassic Age…
22 November 2018
Chevron Announces First Oil from Big Foot Project in the Deepwater Gulf of Mexico
Chevron Corporation announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584 m.).The Big…
21 November 2018
ALE’s Agreement with Port of Dundee and OM Heavy Lift Increases Port Services for Renewables Sector
ALE has expanded its heavylifting services by establishing a non-disclosure agreement with the Port of Dundee and OM Heavy Lift to provide the full service of port operations.ALE, the global heavylifting specialists who provide the handling, transportation and installation of heavy loads with over 40 branches worldwide, signed the agreement…
21 November 2018
Johan Castberg Construction Begins at Stord
Norwegian minister of petroleum and energy, Kjell-Børge Freiberg, will today start cutting the first sheet for the topside of the Johan Castberg vessel at Kværner's yard at Stord. The construction will create major ripple effects throughout Norway.In total, more than 2 million working hours will be included in the construction…
21 November 2018
Sapura Energy Consolidates Presence in Mexico and Malaysia with RM1.75 billion in New Contract Wins
Sapura Energy Berhad (Sapura Energy) has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion. The new contracts have lifted the company’s orderbook to RM18 billion and total contract wins to-date for this financial year to RM7 billion.Sapura Energy has built capabilities and…
21 November 2018
The Crown Estate Shares Further Detail on Plans for Round 4, Including Proposed Locations to be Offered for New Seabed Rights
Following extensive engagement with market and statutory stakeholders, The Crown Estate has shared its updated proposals for Round 4 offshore wind leasing, at its latest stakeholder engagement event (Thursday 15 November).The updates include The Crown Estate’s proposed refinement of available seabed regions – within which developers would have the opportunity…
21 November 2018
Europa Oil & Gas (Holdings) plc: Placing and Open Offer And Notice of General Meeting
Europa Oil & Gas (Holdings) plc, the UK and Ireland focussed oil and gas exploration, development and production company, announced that it has conditionally raised total gross proceeds of approximately £4.0 million by the placing of 133,333,338 New Ordinary Shares pursuant to the Placing at an issue price of 3…
21 November 2018
Polarcus Awarded High Resolution 3D Project
Polarcus Limited announced that an award has been received to perform a high resolution 3D marine seismic acquisition project in North America.The project duration is approximately 45 days and is expected to commence in Q2 2019.