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21 November 2018
Rowan Companies plc and Ensco plc Announce Early Termination of HSR Waiting Period
Rowan Companies plc and Ensco plc jointly announced that they have received notice from the Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), with respect to the proposed combination previously…
21 November 2018
Faroe Petroleum: Brasse East Well Commences
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announced the commencement of the Faroe-operated Brasse East exploration well 31/7-3 S in the Northern North Sea (Faroe 50% working interest).The Brasse East well is being drilled immediately east…
21 November 2018
Heerema Fabrication Group to Divest Part of its Activities
Following a strategic review Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market. HFG has been struggling for some time with insufficient project volume and marginal profitability. In addition, the risks…
20 November 2018
BW Offshore: Q3 2018 - Condensed Interim Consolidated Financial Information
EBITDA for the third quarter of 2018 was USD 126.4 million compared to USD 105.4 million in the second quarter. Improved performance at BW Catcher, which was affected by prolonged start-up activities in the second quarter, and first oil from the Dussafu license on 16 September, were the reasons for…
20 November 2018
NKT is Selected Exclusive Supplier of Export Cable System for Inch Cape Offshore Wind Farm Project
NKT has signed an export cable Pre-Construction Agreement (PCA) for delivery and installation of export cable system to the prospective UK offshore wind farm project Inch Cape. The project is being developed by Inch Cape Offshore Wind Farm Ltd, a subsidiary of Red Rock Power Ltd. The PCA is signed…
20 November 2018
Enpro Subsea & Kosmos Energy Commit to Subsea 'Smart Standardization' in Gulf of Mexico
Enpro Subsea announced that it has reached a Master Services Agreement (MSA) with Kosmos Energy (formerly Deep Gulf Energy) aimed at providing enhanced subsea architecture and smart standardization via Enpro's patented Flow Access Module (FAM) technology.FAM essentially creates an enhanced production 'USB port' within the jumper envelope. This enables the…
20 November 2018
'Saipem 7000' Semi-submersible at Damen Verolme Rotterdam for DPS Upgrade
The Saipem 7000, one of the largest semi-submersible crane and pipelaying vessels in the world, has arrived at Damen Verolme Rotterdam (DVR) for a major upgrade of its current DP3 system to meet the new closed ring DP3 configuration and ABS EHS-P notation. Under DP3 EHS-P notation, the vessel will…
20 November 2018
Shelf Drilling Secures Contract Extension on the Trident XIV Jack-up Rig in West Africa
Shelf Drilling, Ltd. announced that it has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria. The expected availability of the rig is now February 2020. Furthermore, an option to extend the contract by a year exists.
20 November 2018
TurkStream Gas Pipeline’s Offshore Section Completed
On 19 November, the Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea.The command to weld the final joint of the gas pipeline’s second string was given by Vladimir Putin, President of the Russian Federation, and Recep Tayyip Erdogan,…
20 November 2018
Production Figures October 2018
Preliminary production figures for October 2018 show an average daily production of 1 874 000 barrels of oil, NGL and condensate, which is an increase of 271 000 barrels per day compared to September.Total gas sales were 10.6 billion Sm3 (GSm3), which is an increase of 1.6 GSM3 from the…
20 November 2018
Magseis ASA: Signed MoU with Schlumberger for Joint Ocean-bottom Seismic Services
Magseis ASA and WesternGeco, the geophysical services product line of Schlumberger, have signed a Memorandum of Understanding (MoU) to offer joint bundled seismic services including ocean-bottom nodes (OBN) acquisition from Magseis, the world’s largest nodal acquisition company, and data QC and processing from WesternGeco, a world leader in ocean-bottom seismic…
19 November 2018
Subsea UK Initiatives: Loch Linnhe Subsea Campus
In response to the regretful closure of The Underwater Centre in Fort William, the Scottish Government and its Enterprise and Skills agencies along with key industry stakeholders, have developed a Concept for Industry, setting out the vision for a future subsea equipment test, trialling, training and showcase facility at Loch…
19 November 2018
Nexans Wins Major Power Export Cable Contract for Ørsted’s Hornsea 2 Wind Farm
Today, many nations are harnessing renewable energy sources with the aim of counteracting climate change, one of the world’s biggest challenges. In 2017, Europe installed 16.8 GW of additional wind power capacity making it the second largest form of power generation in the region. One of the latest most prominent…
19 November 2018
The Ministry of Energy on the Drilling of “Delphyne-1” Well in Block 10, within the Exclusive Economic Zone of the Republic of Cyprus
The Ministry of Energy, Commerce, Industry and Tourism announced that the consortium of ExxonMobil Exploration and Production Cyprus (Offshore) Limited and Qatar Petroleum International Upstream O.P.C., holder of an exploration license for Block 10 within the Exclusive Economic Zone of the Republic of Cyprus, has commenced drilling operations at the…
19 November 2018
BOEM to Prepare Environmental Impact Statement for Potential 2019 Beaufort Sea Lease Sale
BOEM announced it will prepare an Environmental Impact Statement (EIS) in support of a potential 2019 oil and gas lease sale in the Beaufort Sea, off Alaska’s northern coast. The EIS will analyze the potential effects of leasing, exploration, development and production of oil and natural gas in the proposed…
19 November 2018
Sacgasco Limited: Option Secured over Multi-TCF Sydney Basin Permit
Sacgasco Limited has secured an exclusive option to acquire 100% of the issued capital of RL Energy Pty Ltd. RL previously signed a Farm-in Agreement dated 2 May 2018 with Asset Energy Pty Ltd to earn a 60% Working Interest in Petroleum Exploration Permit PEP11 located in the offshore Sydney…
19 November 2018
Equinor Receives Consent for Exploration Drilling in the North Sea
Petroleum Safety Authority Norway have given Equinor consent to drill exploration well 25/6-6 S in the North Sea.The well belongs to production licence 870, for which Equinor is the operator.The well is located north east of the Utsira High in the North Sea, approximately 115 kilometres from land (Utsira), at…
19 November 2018
Empyrean Raises £1,028,000 Before Costs at 10p per Share
Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has today issued 10,280,000 new ordinary shares of 0.2p each in the Company (the "Placing Shares") at a price of 10p per Placing Share (the "Placing…
19 November 2018
SBM Offshore: Third Quarter Trading Update
Financial HighlightsYear-to-date, the Company generated revenues of US$1,247 million, which is stable compared with the same period last year. Lease and Operate revenues of US$984 million represented a decrease of US$143 million, or 13% compared with the same period last year. This decrease is driven by the sale of FPSO…
19 November 2018
ACCC clears way for Quadrant Energy Acquisition
Santos announced on 22 August 2018 the proposed acquisition of 100% of Quadrant Energy (Quadrant) for US$2.15 billion plus potential contingent payments.On 16 November, Santos advised that the condition precedent for completion of the acquisition of Quadrant has been satisfied with the ACCC decision not to oppose the acquisition. Completion…
19 November 2018
JDR Cables Begins Expansion into US Offshore Wind Market
JDR Cable Systems and McAllister Towing have established a Memorandum of Understanding (MOU) for the development and collaborative operation of a US East Cost Offshore Wind subsea power cable service base with an integrated cable training center.This new facility is being targeted to be developed on an existing McAllister quayside…
19 November 2018
Aibel Wins Gudrun Contract
Aibel has been awarded the FEED contract for Gudrun Phase 2 Water Injection. The contract with Equinor also includes an option for the actual implementation (EPCI).The FEED phase (Front End Engineering Design) starts immediately at Aibel’s headquarters in Stavanger and in Haugesund. The project will involve 45-60 people until delivery…
19 November 2018
McDermott Awarded Conceptual and Engineering Services Contract by Talos Energy for Zama Field Development Project in Mexico
McDermott International, Inc. announced a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED.McDermott will execute this contract…
19 November 2018
Parkmead Group: Preliminary Results for the year ended 30 June 2018
Parkmead, the UK and Netherlands focused independent energy group, reported its preliminary results for the year ended 30 June 2018.HIGHLIGHTS Parkmead increases revenue by 70% and more than trebles gross profit - Revenue increased by 70% to £7.0 million (2017: £4.1 million) - Gross profit for the period of £4.1…
19 November 2018
Tidewater Announces Successful Completion of Business Combination with GulfMark
Tidewater Inc. announced the successful completion of its business combination with GulfMark Offshore, Inc.Tidewater and GulfMark stockholders overwhelmingly supported the business combination, with relevant proposals being approved by over 99% of the votes cast by Tidewater stockholders and GulfMark stockholders, respectively, in person or represented by proxy, not including abstentions,…
19 November 2018
Total: Papua LNG Project
Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby,…
15 November 2018
PGS: Preferred Tenderer for Vessel Sale and Long-term Cooperation with JOGMEC in Japan
PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation ("JOGMEC") an incorporated administrative agency of Ministry of Economy Trade and Industry.PGS has now been informed that the Company is the preferred tenderer, and negotiations will be…
15 November 2018
Major Contract Extension Strengthens Expro’s Position in Azerbaijan
Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project. The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project in the…
15 November 2018
Equinor Acquires Minority Shareholding in Scatec Solar ASA
Equinor ASA has acquired 11,020,000 shares in Scatec Solar ASA, corresponding to 9.7 per cent of the shares and votes, at a total purchase price of approximately NOK 700 million (USD 82.4 million).Equinor will flag a shareholding of just over 10 per cent of Scatec Solar. This includes shares owned…
15 November 2018
Shearwater Completes Acquisition of Schlumberger Marine Seismic Business
Shearwater GeoServices Holding AS announced the completion of the acquisition of the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. The transaction was completed following receipt of relevant regulatory approvals and satisfaction of customary closing conditions.The transaction makes Shearwater a global, customer-focused and…
15 November 2018
Premier Oil: Trading and Operations Update
Premier provided a Trading and Operations Update for the period to 15 November 2018.Highlights - Year-to-date production of 78.4 kboepd, up from 76.2 kboepd in the first half; forecast full-year production at around 80 kboepd - Record Catcher Area production rates of over 70 kboepd (gross) frequently achieved; contractual oil…
15 November 2018
SeaBird Exploration: 2D Survey in the Americas
SeaBird Exploration announced that the company has signed a letter of intent to acquire 2D seismic data for an international oil & gas company in the Americas region. The survey is expected to take approximately 6 weeks and will be conducted by the Harrier Explorer in Q1 2019.
15 November 2018
LUKOIL Drilled the Second Well in the Eastern Part of the Yury Korchagin Field
PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.The single-bore well with horizontal completion was drilled from a jack-up rig. The measured depth of the well is 3,736 meters. The well's initial flow rate is approximately…
15 November 2018
Australia to Benefit from Growing Global Gas Demand
Forecasts by the International Energy Agency (IEA) confirm that the global demand for natural gas will surge over the next 20 years, creating a phenomenal economic opportunity for Australia.APPEA Chief Executive Dr Malcolm Roberts said the IEA’s latest World Energy Outlook shows that a growing natural gas industry is an…
15 November 2018
World Energy Outlook 2018 Examines Future Patterns of Global Energy System at a Time of Increasing Uncertainties
Major transformations are underway for the global energy sector, from growing electrification to the expansion of renewables, upheavals in oil production and globalization of natural gas markets. Across all regions and fuels, policy choices made by governments will determine the shape of the energy system of the future.At a time…
15 November 2018
Azinor Catalyst Announce Oil Discovery on Agar-Plantain Prospect
Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, announced an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect.The initial 9/14a-17B well on the Agar-Plantain Prospect, was drilled safely to its target depth and encountered excellent quality oil and…
14 November 2018
PGS Awarded Large Contract in South America
PGS has entered into a contract for a 3D survey in South America for an undisclosed client.PGS plans to use two Ramform Titan-class vessels for an estimated total duration of approximately 13 vessel months. Acquisition is scheduled to start in the second half of November and the contract value is…
14 November 2018
TechnipFMC Signs a Surface Technologies Frame Agreement with Chevron
TechnipFMC has signed a Surface Technologies Frame Agreement with Chevron.This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada.
14 November 2018
Faroe Petroleum: Rungne Exploration Well Results
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announced the results of the Faroe-operated Rungne exploration well 30/6-30 in the Norwegian North Sea (Faroe 40% working interest).The well encountered a 56 metre gross (17 metre net) gas/condensate…
14 November 2018
Alfa Laval Wins SEK 175 million Offshore Orders
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won two orders to supply Framo pumping systems to oil platforms in the North Sea. The orders have a combined value of approximately SEK 175 million. They are booked in the Pumping Systems unit…
14 November 2018
Veritas Viking: New Contract Award
A company in the Eidesvik Offshore ASA group has entered into an agreement with a CGG subsidiary for a new contract for the source vessel Veritas Viking. The contract is 5 months firm with further options and will commence ultimo November 2018. The contract is made at current market terms.
14 November 2018
Cue Energy: Paus Biru-1 Flow Testing
Cue Energy Resources Limited, through its 100% owned subsidiary Cue Sampang Pty Ltd, advises that three Drill Stem Tests(DSTs) will be undertaken within the primary objective Mundu Formation in the Paus Biru-1 exploration well.The results of the extensive wireline logging program conducted over the last week show increased confidence in…
14 November 2018
SeaBird Exploration: Delivery of Eagle Explorer and New Contract
Reference is made to the stock exchange notices of 11 July 2018 and 1 August 2018 regarding the acquisition of the Geowave Voyager, fully rigged with 40km streamer and dual source, for USD 17 million. SeaBird Exploration has now taken delivery of the Geowave Voyager from CGG and the vessel…
14 November 2018
Wood Awarded Multimillion Dollar Contract Extension for Upper Zakum Oil Field Project
Wood has secured a multimillion dollar contract extension from ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), for services to the the UZ750 mega project offshore Abu Dhabi.The scope of work includes project management consultancy (PMC) services for the development which comprises four new artificial islands and…
14 November 2018
Positive Interest in UK’s 31st Offshore Licensing Round
The United Kingdom’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the UK Continental Shelf (UKCS). A strong and diverse set of applications were received from 35 companies ranging from multinationals to microbusinesses.The 31st Licensing Round, which closed on Wednesday 7th November, offered…
13 November 2018
400 Million NOK ROV Contract Awarded to IKM Subsea by AKOFS Offshore
AKOFS Offshore (AKOFS) was awarded a five + three year light well intervention (LWI) services contract on the Norwegian continental shelf (NCS) with Equinor earlier this year, and IKM Subsea is proud to announce that AKOFS has selected IKM Subsea to be their ROV partner for the contract.The contract with…
13 November 2018
KrisEnergy Commences G10/48 Thai Drilling Program
KrisEnergy Ltd., an independent upstream oil and gas company, announced that the Mist jack-up rig has commenced drilling of the Montha-1 exploration well in the G10/48 contract area in the Gulf of Thailand.Montha-1 is located in the G10/48 reservation area, approximately 15 km westnorthwest of the existing Wassana oil field.…
13 November 2018
Start-up of P-75 in Búzios Field Pre-salt of Santos Basin
Petrobras informs that on 11th November it has started the production of oil and natural gas in the Búzios 2 area, in the pre-salt of Santos Basin, by means of platform P-75, second unit installed in the Búzios field.The FPSO (floating production, storage, and offloading unit of oil and gas)…
13 November 2018
Providence Resources P.l.c.: Partners Approve 2019 Well Site Survey Budget
Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, provided a licence update on Frontier Exploration Licence (“FEL”) 3/04 located in the southern Porcupine Basin. FEL 3/04 is operated by Eni Ireland BV (36.913%) on behalf of its partners, Repsol Exploracion Irlanda SA (33.557%), Providence Resources P.l.c. (26.846%)…
13 November 2018
Update on Timing for Drilling the Wick and Colter Wells
Corallian as Exploration Operator for Licences P2235 and P1918 reported that the Department for Business, Energy and Industrial Strategy, Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has completed its review of the Environmental Statements, the representations received from consultees and the additional information provided by Corallian for the proposed…