Search News
Latest News
19 October 2018
Offshore Contract for the West White Rose Project Awarded to Van Oord
Van Oord has been awarded the contract to carry out offshore installation works for the West White Rose Project of the east coast of Newfoundland, Canada. The project will give operator Husky Energy access to resources west of the existing White Rose field.The West White Rose Project will be developed…
19 October 2018
Dril-Quip Enters Into FEED Contract and Frame Agreement for Sea Lion Project Subsea Production Systems
Dril-Quip, Inc. announced that Dril-Quip (Europe) Limited, its wholly-owned subsidiary based in Aberdeen, Scotland, has entered into a Front End Engineering and Design (FEED) Contract and Frame Agreement with Premier Oil Exploration and Production Limited to provide the subsea production systems for the Sea Lion Phase 1 Development located offshore…
19 October 2018
Petrofac Introduces Partner in Mexico
Petrofac Limited announced that it has signed an agreement to sell 49% of the Company’s operations in Mexico(1)(2), including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited (“Perenco”). The transaction is subject to approval by the Federal Competition Commission of Mexico (COFECE), which is expected in Q4…
19 October 2018
Delineation of the 25/4-3 (Gekko) Gas and Oil Discovery in the North Sea – Wells 25/4-13 S and 25/4-13 A
Aker BP ASA, operator of production licence 203, has completed the drilling of appraisal wells 25/4-13 S and 25/4-13 A on the gas and oil discovery 25/4-3 (Gekko).The wells were drilled about 5 kilometres east of the Volund field and 200 kilometres northwest of Stavanger.The discovery was proven in Paleocene…
19 October 2018
BP Starts up Thunder Horse Northwest Expansion Ahead of Schedule and Under Budget
BP announced that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget.This is the fourth Upstream major project to begin production for BP globally so far this year, following seven that started up…
19 October 2018
Equinor Further Focuses NCS Portfolio
Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million.Tommeliten Alpha is a gas/condensate discovery that was made in 1976. Through this transaction Equinor will divest its 42.38% interest in the…
19 October 2018
Stork Awarded UK Offshore Asset Integrity Contract Extension by Chrysaor
Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a two-year contract extension by Chrysaor to deliver integrated specialist asset integrity services for its Armada, Everest and Lomond offshore production platforms located in the Central North Sea. Fluor booked the undisclosed contract value in the third…
19 October 2018
Sonardyne Acquires Maritime and Marine Science Technology Specialist Chelsea
Leading subsea technology developer Sonardyne International Ltd. has acquired maritime and marine science technology specialist Chelsea Technologies Group Ltd.The acquisition is part of a long-term growth strategy for Sonardyne, to diversify into markets where it sees an opportunity to build on its core technology base and expertise in underwater acoustic…
19 October 2018
DeepOcean Awarded Contract for Post-lay Trenching Umbilical Offshore Australia
DeepOcean 1 UK Ltd., a subsidiary of DeepOcean Group Holding BV (DeepOcean), announced that the company has been awarded a contract within the Oil and Gas sector for the provision of post-lay trenching services along 65km of umbilical offshore Australia.The post-lay trenching works are planned to commence late 2018 with…
19 October 2018
Crondall Energy Secures Contract To Support Siccar Point Energy's Cambo Field Development
Crondall Energy, the floating production and subsea specialist, has secured a frame agreement contract with Siccar Point Energy to provide support on the Cambo field, West of Shetland. Support will initially cover the identification and evaluation of FPSO options for the development and pre-FEED technical assurance of the sub sea…
19 October 2018
High-end Seismic Imaging Solves Shallow Gas Challenges
The latest Q modeling, and Q-compensating imaging techniques bring greater clarity to Northern Viking GrabenCGG has recently completed seismic depth imaging of its entire Northern Viking Graben multi-client survey, in the Norwegian North Sea. The latest visco-acoustic (“Q”) velocity modeling and seismic imaging technologies have been applied to BroadSeis™ broadband…
19 October 2018
Eni Acquires New Exploration Rights in Mozambique
At the presence of the Ministry for Mineral Resources and Energy Ernesto Max Tonela, Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin, approximately 1,500 km to the north east of…
19 October 2018
Archer Limited: Archer Announces Multi-year Contract Extension with Major Client in the UK
Archer Limited announced that it has secured a contract extension with a major operator for two more years. The contract extension is scheduled to commence 1st November 2018 and ensures continuity of platform drilling operations and maintenance management services on seven platforms located in the UK sector of the North…
19 October 2018
Talos Energy Announces a Transaction with Pan American Energy to Cross-assign Interests in Block 2 and Block 31 Offshore Mexico
Talos Energy Inc. announced that the Company entered into a transaction with Hokchi Energy, S.A. de C.V., ("Hokchi"), a subsidiary of Pan American Energy LLC, to cross assign the Company's Participating Interest ("PI") in Block 2 and Hokchi's PI in Block 31, both in the Sureste Basin offshore Mexico.Under the…
19 October 2018
Shell Agrees to Sell Upstream Interests in Denmark to Noreco for $1.9 billion
Royal Dutch Shell plc, through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholly-owned Shell subsidiary that holds a…
19 October 2018
Claxton Awarded Multimillion-dollar Canadian Contract to Supply High-pressure Riser and Conductor Cutting Services
Claxton, a leading supplier of engineering and services for shallow-water, jackup-depth markets in subsea services group Acteon, has won a multimillion-dollar contract to provide high-pressure riser and abrasive jet cutting services to the Deep Panuke decommissioning project offshore Canada. The gas field is about 250 km (155 miles) southeast of…
19 October 2018
McDermott Begins Fabrication for Tyra Redevelopment Project
McDermott International, Inc. held a first steel-cutting ceremony at its fabrication yard in Batam, Indonesia, to mark the commencement of fabrication for the Tyra Redevelopment project.McDermott will fabricate and assemble two separate work packages for Total, comprising of seven topside structures, six connecting bridges and six jacket extensions weighing a…
19 October 2018
Drilling Permit for Well 6706/6-2 S in Production Licence 847
The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 6706/6-2 S, cf. Section 15 of the Resource Management Regulations.Well 6706/6-2 S will be drilled from the Transocean Spitsbergen drilling facility in position 67°37'20.60"N and 6°45'57.57"E.The drilling programme for well 6706/6-2 S relates to the drilling…
19 October 2018
i3 Energy Appoints A&D Advisor
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announced that it has engaged an acquisitions and divestitures ("A&D") advisor, FirstEnergy Capital LLP ("GMP FirstEnergy"), to assist with a farmout of the Company's greater Liberator development and appraisal programme.GMP FirstEnergy has been active…
19 October 2018
GMS: New Contract Award for a Small Class Vessel
Gulf Marine Services, the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, announced a new contract award for one of its Small Class vessels. The new charter is for 12 months (including options) and is scheduled to commence shortly. The vessel…
19 October 2018
The UK’s First Oil and Gas National Data Repository to Deliver Additional Value and Inward Investment to the UK
The Oil and Gas Authority (OGA) has taken a step closer to the first UK Oil and Gas National Data Repository (NDR) for petroleum-related information that will be launched in early 2019. The NDR will house and publish the collection of UK petroleum-related information, such as well, geophysical, field and…
19 October 2018
The Carlyle Group Acquires EnerMech from Lime Rock Partners
Global alternative asset manager The Carlyle Group announced that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners. The transaction is expected to close in Q4 2018, subject to customary anti-trust and…
16 October 2018
Triangle Energy (Global) Limited: Cliff Head Operations Update
The Board of Triangle Energy (Global) Limited provided the following update on its Cliff Head operations.On 10 October 2018, production well CH12H was successfully returned to production. After the installation of a new downhole electric submersible pump (ESP) and following a cycle of performance testing and verification (carried out over…
16 October 2018
OMV and Schlumberger Sign Memorandum of Understanding
OMV, the international, integrated oil and gas company based in Vienna, and Schlumberger, a leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, signed a Memorandum of Understanding.The parties agreed to evaluate collaboration models for digital solutions. The MoU for a future…
16 October 2018
Significant Contingent and Prospective Resources Confirmed at Goddard
Independent Oil and Gas plc, the development and production focused oil and gas Company, announced the results of a Competent Person’s Report (“CPR”) on the Goddard licence by ERC Equipoise Limited ("ERCE").Highlights:- Gross mid-case contingent (2C) gas resources of 108 BCF for the main Goddard structure, plus gross mid-case unrisked…
16 October 2018
TGS and Spectrum Announce Collaboration on Expanded Santos Basin Multi-Client 3D Survey
TGS and Spectrum have joined forces and expanded the Santos 3D program to 15,000 square kilometers over the prospective southern Santos Basin offshore Brazil. TGS and Spectrum will be equal partners with data processing and imaging to be performed by TGS. The survey covers an area south of the high-profile…
16 October 2018
Able Clinches Further Major Decommissioning Contract
Able UK—a world leader in the decommissioning and recycling of offshore structures announced the award of another major contract for its Able Seaton Port facility on the River Tees.The project will involve the dismantlement, recycling and disposal of offshore natural gas platforms from the ExxonMobil Canada operated Sable Offshore Energy…
16 October 2018
Providence Resources Plc Provides Update on Frontier Exploration Licence 6/14 that Contains Newgrange Prospect
Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, provided an update on Frontier Exploration Licence (“FEL”) 6/14 that contains the Newgrange Prospect. FEL 6/14 is operated by Providence Resources P.l.c., on behalf of its partner Sosina Exploration Limited (20%), collectively referred to as the Newgrange Partners, and…
15 October 2018
Faroe Petroleum Receives Consent for Exploration Drilling in the North Sea
Faroe Petroleum is the operator for production licence 740 in the North Sea. Petroleum Safety Authority Norway have now given the company consent to drill exploration well 31/7-3 S (“Brasse Øst”). The purpose of the well is to appraise discovery 31/7-1 Brasse.The well is to be drilled in block 31/7…
15 October 2018
Consent to Use Maersk Reacher at Valhall
A lot of work will be taking place on the Valhall field in the time ahead, and Aker BP has applied for consent to use Maersk Reacher as a quarters facility on the field from September/October 2018 until the end of 2020.Petroleum Safety Authority Norway have granted Aker BP consent…
15 October 2018
Equinor Focuses NCS Portfolio through Sale of Non-core Discovery
Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of USD 250 million.King Lear is a gas/condensate discovery that was made in 1989 in blocks PL 146 and PL 333 in…
15 October 2018
Production Start at Oseberg Vestflanken 2
On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream. Remote-operated from the Oseberg field centre, the new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf. Recoverable resources are 110 million barrels, and the project was delivered far below budget.The…
15 October 2018
Saipem: New Offshore E&C Contracts in Azerbaijan, the North Sea and the Republic of Congo Worth Approximately 400 million USD in Total
Saipem has signed new Offshore E&C contracts in Azerbaijan, the North Sea and the Republic of Congo. The overall value of the contracts is approximately 400 million USD.In Azerbaijan, Total has awarded a SURF contract to the consortium between Saipem’s subsidiary, Saipem Contracting Netherlands BV, Boshelf LLC and STAR GULF…
15 October 2018
SeaBird Exploration Secures Significant Pre Funding for an Increased Scope of the MC2D Survey in NW-Europe and being Awarded a Proprietary 2D Survey in NW-Europe with Execution in Q4 2018
With reference to the press release dated 9 July 2018, SeaBird Exploration and its partner MCG announced that significant additional pre funding commitment from an oil major has been secured relating to the ongoing MC2D project in North West Europe. The pre-funding commitment is based on a revised scope increasing…
15 October 2018
LUKOIL Commissions Fifth Well at Filanovsky Field Second Stage
LUKOIL commissioned the fifth well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea.The length of the main wellbore of the new bilateral production well is 2,956 meters, while the lateral's is 1,735 meters. The well's initial flow rate exceeded 3,300 tonnes of oil per…
15 October 2018
QGEP Announces Relinquishment of Camarão Norte Discovery
QGEP Participações S.A., announced that the Consortium of Block BCAM-40 has begun the relinquishment process with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) of the Camarão Norte discovery located south of the Manati Field, in the CamamuAlmada Basin.QGEP holds a 45% interest in the Camarão Norte discovery,…
15 October 2018
KBR Awarded FEED Contract for BP’s Tortue Project
KBR, Inc. announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue field Hub/Terminal development located on the maritime border between Senegal and Mauritania. The agreement contains a mechanism to allow transition of the contract to…
15 October 2018
Sail-away of the Aoka Mizu FPSO
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announced sail-away of the Aoka Mizu FPSO.The Aoka Mizu FPSO has now departed Dubai, following sea trials, and will sail to Rotterdam for completion of a final scope of work before…
12 October 2018
Extending the Contract with Maersk Intrepid
Maersk Drilling AS and the Maersk Intrepid rig have been awarded a 5-month contract for operational support on the Martin Linge field. Two extension options will also be exercised, and four new options will be added.Maersk Intrepid initially had a contract for operational support for the Martin Linge licence until…
12 October 2018
UK Oil & Gas in the Third Age of Energy
The final Aberdeen Business Breakfast of 2018 discusses the ongoing role of oil and gas in the energy transition and takes a closer look at how businesses in the North Sea are embracing the opportunities this changing energy landscape brings.Oil & Gas UK will present the first outcomes from its…
12 October 2018
Aban Offshore Limited Enter into a Conditional Sale and Purchase Agreement to Acquire Two Blocks in North Sea
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Aban Offshore Limited informed that a wholly owned step-down subsidiary of the Company has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of…
12 October 2018
Safe Zephyrus Chartered by BP for Summer 2019
BP Exploration Operating Company Limited (‘BP’) has chartered the Safe Zephyrus to provide gangway connected operations supporting the completion of some post first oil scopes in summer months when the weather is favourable at the Clair Ridge platform West of Shetland in the UK sector of the North Sea.The firm…
12 October 2018
UTEC Geomarine Brings Specialist Geotechnical Equipment to Asia Pacific
UTEC Geomarine, a specialist geotechnical site investigation and engineering design consultancy service within UTEC, an Acteon company, has recently relocated a suite of geotechnical equipment to Australia, from the UK, to meet demand from the company’s offices located in Perth, Singapore and Jakarta.The equipment, which includes a 75-kN ROSON cone…
12 October 2018
KBR Awarded Concept Definition Phase Engineering for Two Large Scale Gas FPSO’s for the Proposed Browse to North West Shelf Development
KBR, Inc. announced that Woodside Energy Ltd, as Operator for and on behalf of the Browse JV, has awarded KBR the Concept Definition engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development, located offshore Western Australia.Woodside has launched the engineering services contract…
12 October 2018
New Contract for Edda Fauna
Østensjø Rederi announced a “365” contract with DeepOcean for Edda FaunaØstensjø Rederi and DeepOcean have signed a new contract for Edda Fauna. The new contract will commence 1st March 2019 and will secure firm utilisation until end of 2020.
12 October 2018
Solstad Awarded Contracts in the UK
Fairfield Betula Limited has awarded Solstad Offshore ASA long-term contracts for two Platform Supply Vessels, "Far Symphony" and "Normand Aurora" in the UK Sector, North Sea. The Far Symphony (2003, P105 Design) has been contracted for 18 months firm plus options, commencing mid-October 2018, and continues to support Fairfield's UK…
12 October 2018
TGS and Schlumberger Announce New Multiclient Nodal Seismic Project in US Gulf of Mexico
The project, named "Amendment," will comprise acquisition of a 2,350-km2 multiclient seismic survey in the Mississippi Canyon and Atwater Valley protraction areas of the U.S. Gulf of Mexico. This prolific area includes open acreage, existing producing assets and new discoveries. Seismic data will be acquired using Fairfield Geotechnologies 4C nodal…
12 October 2018
New Removal and Recycling Mission Offshore for the AF Group
AF Gruppen ASA (AFG) has received a notice of extension of a current framework agreement to include future removal and deposit of up to four additional platforms for a client in the British North Sea.The expansion includes the design, preparation, removal and disposal (EPRD) of up to four platforms with…
11 October 2018
Wind Turbine Installation Vessel launching and Construction Supervision Contract
Ouyang Offshore Co., Ltd. launched its new-build wind turbine installation vessel, OuYang 1, at Dayang Offshore Equipment Co., Ltd.’s yard in Jiangsu, China. Further, the Chinese shipowner has awarded Aqualis Offshore a contract to supervise the construction of a second wind turbine installation vessel, OuYang 2. The wind turbine installation…
11 October 2018
MODEC Awarded Letter of Intent by Eni Mexico Related to FPSO - Chartering, Operation and Maintenance - for Area 1 Project in Mexico
MODEC, Inc. announced that it has received a Letter of Intent (LOI) for supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel from Eni Mexico S. de R.L. de C.V., a wholly owned subsidiary of Eni S.p.A., on October 3, 2018. The firm time charter period…