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11 October 2018
NOVATEK Discovers North-Obskoye Field
PAO NOVATEK announced that its wholly owned subsidiary OOO Arctic LNG 3 has completed the testing of the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay. The drilling and testing results confirmed that a new natural gas and gas condensate field…
11 October 2018
Subsea 7 Awarded Additional Work on Vito Development
Subsea 7 has increased its planned activity in the Gulf of Mexico region with the award of a second construction contract for the Vito development. The Vito field is located approximately 150 miles south of New Orleans, Louisiana, with water depths up to 4,000ft. The latest contract(1) was awarded by…
11 October 2018
Murphy Oil Announces Strategic Deep Water Gulf of Mexico Joint Venture with Petrobras
Murphy Oil Corporation announced that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has entered into a definitive agreement to form a new joint venture company with Petrobras America Inc. (“PAI”), a subsidiary of Petrobras. The joint venture company will be comprised of Gulf of Mexico producing…
11 October 2018
GC Rieber Shipping: Shearwater GeoServices Awarded Two Contracts, Adding 7 Vessel Months
GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded 3D surveys in the Mediterranean and South East Asia, adding 7 vessel months to the current backlog. The surveys will be starting in the first half of Q4 2018. The Mediterranean survey will take approximately two months,…
11 October 2018
Serica Energy plc Provides an Update on Operations at Erskine
On 28 September, Serica reported that a new 26km section of the condensate export line from Lomond to the CATS Riser at Everest had been completed and tested and production was due to recommence shortly.Production restart of the Erskine wells and facilities is taking longer than expected due to the…
11 October 2018
Shell Invests in the Arran Field in the North Sea
Shell UK Limited, with partners Rockrose Energy and Dyas U.K. Limited, announced a final investment decision (FID) for the Arran gas and condensate field in the UK North Sea. In addition to this investment decision, Shell has become the operator of the Arran project.This is the fourth FID announcement in…
10 October 2018
New London Office Signals Further Growth for Crondall Energy
Crondall Energy, the floating production and subsea specialists, has opened an office in London. The move is part of a wider growth strategy to capitalise on the increasing level of activity and opportunity within the upstream sector. The new office will enable Crondall Energy to be closer to its London-based…
10 October 2018
Pemex Discovers Important Oil Fields in Shallow Waters of the Southeast Basin
Pemex CEO, Carlos Treviño, confirmed the discovery of seven reservoirs in two new wells in Mexico’s Southeast Basin, named Manik-101A and Mulach-1, which will allow the company to incorporate more than 180 million barrels of oil equivalent (MMBOE) of 3P reserves.Accompanied by Mexico’s Energy Secretary and chairman of Pemex’s Board…
10 October 2018
DOF Subsea Selects Sonardyne Navigation Technology for Three ROV Vessels in Brazil
International subsea services provider DOF Subsea has chosen acoustic and inertial navigation technology from Sonardyne Brasil Ltda. to support its deepwater operations from three vessels offshore Brazil.The three vessels will be equipped with Sonardyne’s SPRINT-Nav all-in-one subsea navigation instrument for underwater vehicles. A remote operated vehicle (ROV) on one of…
10 October 2018
Nexans Wins Multimillion Euro Contract at UK’s Triton Knoll Offshore Wind Farm
The UK offshore wind farm market is continuing to lead the way in meeting Europe’s growing demand for renewable wind energy. With nearly 30 per cent of the country’s electricity generated by clean sources in 2017, the UK looks to maintain its world leader position in renewables with the launch…
10 October 2018
AGR Awarded Frame Agreement with Oceaneering
AGR announced signing the Two-Year contract for hire of technical manpower which covers multiple disciplines, including ROV and Engineering personnel to work under Oceaneering’s management and supervision. The services will be delivered by AGR’s Consultancy business unit which has placed manpower to more than 180 clients in over 60 locations…
10 October 2018
Yinson Holdings Berhad Announce Notice of Contract Termination for the Provision and Operation of a FPSO Facility for the Olowi Field Development
The Contract was entered into on 30 November 2006 between CNR International (Olowi) Limited (“CNR”) and Knock Allan Pte Ltd (“Knock Allan”), an indirect wholly-owned subsidiary of the Company incorporated in the Republic of Singapore, for a fixed primary term of 10 years, commencing from 1 May 2009, and expiring…
10 October 2018
Subsea 7 Awarded Contract Offshore Ghana
Subsea 7 S.A. announced the award of a contract by Tullow Ghana Limited on the Jubilee field, offshore Ghana, in water depths of up to 1000 meters. The engineering, procurement, construction and installation (EPCI) contract is awarded under a consortium comprising Subsea 7 Volta Contractors and NOV Oil & Gas…
10 October 2018
Extended Life for Snorre
Equinor has received consent to continue use of the Snorre A and Snorre B facilities through 2040.The Norwegian Petroleum Directorate believes there is a basis for continuing operations on Snorre A and B to produce remaining resources in the field. Equinor had consent to use Snorre A until 1 May…
9 October 2018
Johan Sverdrup Powered from Shore
On 9 October, the Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years. Power from shore makes Johan Sverdrup one of the most carbon-efficient fields worldwide.The giant development…
9 October 2018
UKCS Operating Costs Remain Stable with Slight Rise in 2017
Operating expenditure (OPEX) and unit cost per barrel of oil equivalent in the UK Continental Shelf (UKCS) remained steady in 2017 against a stronger oil price backdrop, with both rising marginally by 2%, according to a report published by the Oil and Gas Authority (OGA) today based on data collected…
9 October 2018
Aqualis Offshore Completes Bahrain Floatover
Aqualis Offshore, part of Oslo-listed energy consultancy group Aqualis ASA was contracted by GS E&C to provide engineering and supervision services related to the loadout, transport and floatover of the topside. Aqualis Offshore managed the floatover operation out of its Singapore office.The 7,000 tonnes topside was successfully mated with the…
9 October 2018
BMT Wins Marine Monitoring Contract with BP
BMT has won a contract to provide multiple marine monitoring systems for BP’s new Mad Dog Phase 2 semi-submersible floating production facility in the Gulf of Mexico. These systems will play an important role in ensuring the day to day operations of the facility are conducted safely.The Mad Dog Field…
9 October 2018
DOF Contract Extension in Brazil
Skandi Hav has been granted a 226 days extension by Petrobras and the vessel is secured firm utilization until 8th June 2019. Skandi Hav was built in 1983 and is currently working as a RSV vessel supporting FPSO operations in Brazil.
9 October 2018
Ensco plc and Rowan Companies plc Agree to Combine, Creating Industry-Leading Offshore Driller
Ensco plc and Rowan Companies plc jointly announced that the companies have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction. The definitive transaction agreement was unanimously approved by each company’s board of directors. The Saudi Aramco partner to the ARO Drilling…
9 October 2018
Mermaid Maritime Wins Subsea Services Contract in its Middle East Market
Mermaid Maritime Public Company Limited announced that its Middle East business unit has been awarded a subsea services contract in a G.C.C country with an initial contract value of USD 17 million.The contract duration is for 180 days, commencing in May through to October 2019. The project will involve the…
9 October 2018
SSС Zvezda to Supply Gazprom with Four Vessels for Offshore Operations
Gazprom and the Zvezda Shipbuilding Complex (SSС Zvezda) signed in St. Petersburg the construction contracts for four vessels. The signing took place at the Offshore Marintec Russia 2018 International Specialized Exhibition and Conference showcasing the shipbuilding industry and high-tech equipment for exploration operations in the Arctic and the continental shelf.The…
9 October 2018
Buffalo Field Operations
Carnarvon Petroleum Limited provided an update on the Buffalo project following the successful completion of field operations.During the course of the first week of October, Carnarvon Petroleum mobilised a team to undertake field surveillance operations in the area of the proposed Buffalo Oil Field Redevelopment Area.This surveillance was undertaken in…
9 October 2018
Hibiscus Petroleum to Acquire Discovered Oil Fields; Expand Footprint in the United Kingdom
Hibiscus Petroleum Berhad announced that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited (“AHUK”), has entered into a conditional sale and purchase agreement with Caldera Petroleum (UK) Limited to acquire a 50% participating interest in Block 15/13a and Block 15/13b under the Production License P198, for a purchase consideration of…
9 October 2018
Receipt of OFAC License and Assurance for Rhum
Serica Energy plc announced that its wholly owned subsidiary, Serica Energy (UK) Limited, and BP have received a conditional License and assurance from the U.S. Office of Foreign Assets Control (“OFAC”) relating to the UK North Sea Rhum field. Subject to the fulfilment of the conditions, the License will allow…
8 October 2018
Estimated Investments Reduced by NOK 30 billion for Projects in the Implementation Phase
Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion (USD 3.6 billion) since the development plans were submitted to Norwegian authorities.This appears from the status for Norwegian projects under development published the Government’s national budget proposal…
8 October 2018
Global Maritime Secures Equinor Work from 2018 through 2020 on Njord Field
Global Maritime has been awarded a contract with Equinor until 2020 for marine operations. The contract value is estimated to be around 60-80 million Norwegian kroners (US$7-9.5 million), one of the largest in Global Maritime’s history. Global Maritime will oversee project management, engineering, equipment procurement and offshore management with everything…
8 October 2018
Ørsted Acquires Deepwater Wind and Creates Leading US Offshore Wind Platform
Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Rhode Island-based Deepwater Wind at a purchase price of USD 510 million. The two companies’ offshore wind assets and organizations will be merged into the leading US offshore wind platform with the…
8 October 2018
SINN Power Brings Green Energy to Guinea
The German startup SINN Power is conducting a feasibility study on the potential of wave energy and other renewable technologies on behalf of a customer in Guinea.A stable power supply is by no means a matter of course for the inhabitants of the West African country of Guinea. The reasons…
8 October 2018
“Audacia” Begins Pipelay Works for Nord Stream 2
The offshore pipelay vessel "Audacia" began its work on the Nord Stream 2 project. "Audacia", operated by Allseas, is the second vessel together with the "Castoro Dieci" (C10) to lay the Nord Stream 2 pipeline in the German route section.Audacia started its installation works at the end of the 30-kilometres-long…
8 October 2018
£4m Total Contract as Arnlea Secures 2022 Extension
Energy producer and provider Total has extended its contract with innovative software business Arnlea to the end of 2022.The value of the contract, with Total’s SCOT (supply chain & operations tracking) project, is in the region of £4m.The new agreement will see Total continue to deploy Arnlea’s industrial mobile software…
8 October 2018
African Petroleum: Corporate Update – Senegal
African Petroleum, an independent oil and gas exploration company with licence interests in offshore West Africa, notes the recent update issued by Petrosen which states that it is seeking tenders for two offshore blocks in Senegal, including the Senegal Offshore Sud Profond (“SOSP”) block in which African Petroleum holds a…
8 October 2018
Normand Reach Awarded Contract with Global Sea Mineral Resources
Solstad Offshore ASA has been awarded a contract with Global Sea Mineral Resources NV(GSR), for the CSV Normand Reach. The contract will commence in 4Q 2018 and has a duration of 4-6 months. The vessel will be mobilized from Europe with the mining vehicle “Patania II”, support equipment and containers,…
8 October 2018
Magseis ASA Awarded Landmark Contract for Sale of 17,000 Ocean Bottom Seismic Nodes
Magseis ASA announced a Letter of Intent with BGP Offshore, China National Petroleum Corporation for the sale of 17,000 MASS I ocean bottom seismic nodes and four MASS Modular handling systems. The seismic equipment will be delivered in several batches beginning in Q1 2019 through Q3 2019.The LOI is conditional…
8 October 2018
New Contract in Nigeria with Sirius Petroleum
Shelf Drilling, Ltd. announced that it has secured a contract on the Adriatic I jack-up rig with Sirius Petroleum, for their drilling program offshore Nigeria. The contract term is for 135 days plus options, and planned start-up of operations is Q4 2018.
5 October 2018
New Venture for Subsea Technology Entrepreneur
Following the successful sale of Ecosse Subsea earlier this year to Oceaneering, subsea entrepreneur Mike Wilson, together with an experienced management team, has officially launched his new venture EIP (Ecosse IP Ltd).EIP’s main objective is to save their customers time and money on subsea challenges, with a range of exciting…
5 October 2018
Aker Solutions Wins Subsea Order for Libra's Mero Field Offshore Brazil
Mero FieldAker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.The subsea production system will consist of 12 vertical subsea trees designed for…
5 October 2018
Seaspan Announces Term Sheet For Investment In The Restructuring Of Swiber Holdings Limited
Seaspan Corporation announced that it has entered into a binding term sheet for a potential investment of up to US$200 million in the restructured Swiber Holdings Limited, a publicly traded Singaporean offshore engineering, procurement and construction business that owns five maritime vessels. The investment is expected to be funded in…
5 October 2018
Marathon Oil Looks to Exit North Sea, Joining Other U.S. Rivals
Marathon Oil has launched the sale of its British North Sea oil and gas fields, a document seen by Reuters showed, the latest U.S. firm to retreat from the basin to focus on onshore shale production at home.The sale includes stakes in the BP-operated Foinaven fields in the west of…
5 October 2018
Royal Launch for Balmoral Subsea Test Facility
HRH The Prince Charles, Duke of Rothesay, officially opened Balmoral Offshore Engineering’s (BOE) subsea test facility in Aberdeen on 3 October 2018.BOE, an Aberdeen-based provider of deepwater buoyancy, insulation and elastomer products welcomed His Royal Highness and more than 100 guests to the Balmoral Subsea Test Centre to celebrate the…
5 October 2018
Aker Solutions to Provide Brownfield Services for BP in Angola
Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.The scope of work covers the supply of engineering, procurement, and construction services for brownfield projects on the floating production, storage and offloading (FPSO) vessels located…
5 October 2018
Argos Resources Limited: PL001 Licence Reassignment
Argos Resources Limited, the Falkland Island based exploration company which holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, announces that its Working Interest partners in the Licence, Noble Energy Falklands Limited and Edison International S.p.A have served notice of their intention to withdraw from…
5 October 2018
Letter of Award for Power Cables for Johan Sverdrup Phase 2
Equinor and the Johan Sverdrup partnership submit a letter of award to NKT for fabrication and installation of two high-voltage cables supplying power from shore for the second phase of the Johan Sverdrup development.The letter of award is for an EPCI contract covering engineering, procurement, fabrication, installation and testing of…
4 October 2018
Eni Norge AS Receives Consent for Exploration Drilling in the Barents Sea
Eni Norge AS is the operator for production licence 229 and has received consent to drill appraisal well 7122/7-7 S in the Barents Sea.The well is in a prospect named Goliat West in block 7122/7 and block 7122/10.Drilling will begin in November/December 2018 and is estimated to last 30 days.Well…
4 October 2018
Fugro Enhances Support for Oil and Gas Industry in Nigeria with New Business Venture
Fugro has announced a new move to stimulate business development in Nigeria’s marine industry with a new agreement with Jagal, an established Nigerian corporation that operates leading energy businesses and manages a diverse portfolio of investments.As a 100% Nigerian entity the new venture, Fugro Marine Nigeria Limited, is set to…
4 October 2018
Petrofac Secures North Sea Contract Extension with Chevron
Petrofac’s Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea Limited (Chevron).The agreement, which has been held by Petrofac since 2014, commenced on 30 September.In line with the contract scope, Petrofac will continue with the provision of engineering support to Chevron’s…
4 October 2018
BHGE, McDermott, L&T Hydrocarbon Engineering Win Largest Indian Subsea Project for ONGC’s Prestigious 98/2 Block
Baker Hughes, a GE company, McDermott International, Inc. and L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro, were awarded the subsea contract for India’s Oil & Natural Gas Corporation’s (ONGC) largest deepwater project, the development of block DWN-98/2 in the Krishna Godavari basin. The project brings together leading…
4 October 2018
Kiliwani North and Nyuni Area Update
Aminex PLC announced that, as a result of payment defaults by Bounty Oil & Gas NL under the joint operating agreements relating to the Kiliwani North Development Licence and the Nyuni Area PSA, that Bounty is now deemed to have transferred its interests in such assets to the Company’s whollyowned…
4 October 2018
Boskalis Awarded Subsea Contract by Total for Redevelopment of Tyra Offshore Gas Field
Royal Boskalis Westminster N.V. has been awarded the "Tyra Redevelopment Subsea Installation Phase II" contract by Total E&P Denmark. The sizable contract includes subsea engineering, procurement, fabrication and installation for the Tyra Redevelopment project in order to extend the operational lifetime of the Tyra offshore gas field by at least…
4 October 2018
OMV and Gazprom Sign a “Basic Sale Agreement” Regarding the Potential Acquisition of a 24.98% Interest in Achimov IV and V Phase Development by OMV
On 3 October 2018, OMV and Gazprom have signed a “Basic Sale Agreement” which foresees a potential acquisition of a 24.98% interest in the Achimov IV and V phase development in the Urengoy gas and condensate field by OMV for a purchase price to be negotiated in good faith.The “Basic…