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4 October 2018
Magnus and Thistle Options Exercised
EnQuest PLC announced that following Shareholder approval at the Company’s General Meeting on 1 October 2018, it has exercised its options with BP relating to the Magnus field and associated infrastructure and the Thistle and Deveron fields. The Magnus acquisition, which is targeted for completion by year-end 2018, subject to…
4 October 2018
GC Rieber Shipping: New Charter Agreement for the Polar Queen
GC Rieber Shipping has entered into a time charter agreement with a Tier 1 client for the offshore construction vessel Polar Queen. The charter holds two firm periods, one period of 45 days plus options with commencement of operations shortly, and one period of 50 days with commencement in February…
4 October 2018
Oil Discovery in the Norwegian Sea More than Double the Remaining Norne Oil Reserves
Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced through the Norne field.Originally planned to…
3 October 2018
New Decommissioning Team Unveiled
Oil & Gas UK has appointed a team of decommissioning experts in a move that underlines the industry body’s strengthened capacity to serve the growing decommissioning needs of its members and key stakeholders.The decommissioning market in the North Sea is forecast to grow steadily and is likely to be worth…
3 October 2018
Stena Clyde Retired
Stena Clyde (Australia) Pty Ltd have decided to remove the Stena Clyde from active service and retire the rig from the Stena Drilling Fleet.The rig has been warm stacked in Australia for the past three years and is presently in Singapore. Although there has been some recent interest in operating…
3 October 2018
Acquisition Consolidating the Luno II and Edvard Grieg Ownerships
Lundin Petroleum AB announced that its wholly-owned subsidiary Lundin Norway AS has entered into an agreement with Equinor Energy AS, under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359, containing the Luno II oil discovery.The acquisition takes Lundin Norway’s working…
3 October 2018
Borr Drilling Limited (BDRILL) - Activation of Four Additional Jack-up Drilling Rigs
Following its recent board meeting, Borr Drilling Limited has decided to start the activation of four additional newbuild jack-ups. This decision is made on the back of Borr's previously announced success in securing commitments for three of its newbuild units and its North Sea based jack-up "Ran", all of which…
3 October 2018
Prysmian to Develop a 135km-long HV Cable System to be Laid at Depths of up to 950 metres
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract, worth €125 million, for an interconnection between the island of Crete and mainland Greece (Peloponnese region). The project was awarded by IPTO (Independent Power Transmission Operator), which operates the transmission system for…
3 October 2018
Rex International Holding on Track to Achieve Production in Oman Block in 2019
Rex International Holding Limited, a new-generation technologydriven oil company, having previously announced that it was looking to farm-out a substantial equity interest in Block 50 Oman (in which it holds a 92.65 per cent indirect stake), is now considering to maintain a high equity stake in the licence. The change…
3 October 2018
Solstad: New Company Name
Solstad Farstad ASA changes the company name to Solstad Offshore ASA.The company will be listed on Oslo Stock Exchange with the new name Solstad Offshore ASA from October 3rd, 2018.ISIN number, instrument ID and ticker code remain unchanged.
3 October 2018
BP and Aker BP Form Strategic Technology Venture Alliance
BP announced that it has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses.Through their planned strategic alliance, BP and Aker BP intend to explore potential venture capital investments targeting technology and innovation improvements,…
3 October 2018
Heerema Marine Contractors and AF Offshore Decom Sign Contract with Marathon Oil for EPRD of Brae Bravo Platform
Heerema Marine Contractors (HMC) and AF Offshore Decom (AFOD), together known as the HAF consortium, have been awarded a contract from Marathon Oil Decommissioning Services LLC for the Engineering, Preparation, Removal and Disposal (EPRD) services of the Brae Bravo Platform.The scope comprises of the topsides, the flare jacket & bridge…
2 October 2018
INPEX-operated Ichthys LNG Project Commences Condensate Shipment
INPEX CORPORATION announced that the INPEX-operated Ichthys LNG Project recently commenced shipment of condensate (ultra-light crude oil) from the Floating Production, Storage and Offloading (FPSO) facility “Ichthys Venturer.”The first shipment of condensate is destined for the Asian market. INPEX is poised to continue responding to the energy demand in Japan,…
2 October 2018
RockRose Energy plc: Completion of Dyas Acquisition
RockRose Energy Plc announced the completion of the acquisition of Dyas B.V., a wholly owned subsidiary of SHV Holdings N.V.The effective date of the Dyas acquisition was 1st January 2018. On this basis pro-forma production for the year to date for the group was circa 11,000 boepd, split equally between…
2 October 2018
NKT has Delivered the High-voltage Cable System for 309 MW Offshore Wind Farm in Belgium
NKT has successfully commissioned the turnkey order for the 220 kV AC high-voltage cable system connecting the 309 MW Rentel wind farm to the Belgian shore.The high-voltage cable system from NKT is now ready to transmit renewable energy from the Rentel offshore wind farm to the Belgian power grid. When…
2 October 2018
i-Tech Services Adds Mini ROV Capability to Inspection Fleet
i-Tech Services, a Subsea 7 company, has strengthened its underwater inspection and maintenance capability with the provision of new mini ROVs for performing subsea operations in challenging environments.A cost-effective solution for smaller scopes of work, the mini ROVs are quick to deploy and can be transported easily to site via…
2 October 2018
ConocoPhillips Announces Agreement to Sell Interest in Greater Sunrise Fields to Government of Timor-Leste
ConocoPhillips announced it has entered into an agreement to sell to the government of Timor-Leste its 30 percent interest in the Greater Sunrise Fields. The total sales price of the transaction, which is conditioned on the government receiving funding approval from the Timor-Leste Council of Ministers and National Parliament, as…
2 October 2018
Subsea 7 Awarded Integrated Contract Offshore US Gulf of Mexico
Subsea 7 announced the award of a sizeable(1) contract by Fieldwood Energy to Subsea Integration Alliance(2), a global partnership between Subsea 7 and OneSubsea, a Schlumberger company. The award is for the deepwater Katmai field development in the US Gulf of Mexico's Green Canyon 40.This supplier-led integrated subsea development solution,…
2 October 2018
Equinor Acquires a 40% Stake in the Rosebank Project in the UK
Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS). Once concluded, the transaction will strengthen Equinor’s UK portfolio, which includes the Mariner development, attractive exploration opportunities and three producing offshore wind farms.The…
2 October 2018
Industry Efficiency Taskforce to Host Key Roadshow on Subsea Knowledge and Best Practice
Oil & Gas UK’s Efficiency Task Force (ETF) is hosting a free roadshow in October in a bid to share best practice in the subsea sector.In collaboration with Subsea UK and Scottish Enterprise, the event will explore and share ways in which the subsea community can work together to improve…
2 October 2018
ABB Wins $20 million Order for Innovative Offshore Wind Transformers
ABB has won an order of more than $20 million from MHI Vestas Offshore Wind to supply reliable, energy-efficient and compact WindSTAR transformers, which are designed for installation in wind turbines.Borssele III and IV comprise the second phase of the Borssele wind farm. This phase constitutes a 731 megawatt (MW)…
2 October 2018
Brazil: 5th Production Sharing Round has All the Blocks Acquired
The 5th Production Sharing Round, held on September 28 by ANP, had all its four blocks acquired: Saturno, Titã, Pau-Brasil e Sudoeste de Tartaruga Verde. The Round raised R$ 6,82 billion in signing bonuses and R$ 1 billion in planned investments on the exploration phase. The goodwill of the profit…
2 October 2018
Neptune Energy Group Completes Acquisition of VNG Norge AS
Neptune Energy Group announced the closing of the acquisition of VNG Norge AS, as signed on 28 June.The transaction adds three producing fields, two development projects and 42 licences to Neptune Energy’s existing portfolio, consolidating the company amongst the top five independent producers on the Norwegian Continental Shelf, by equity…
2 October 2018
Talos Energy Announces Approval of Zama Appraisal Plan
Talos Energy Inc. announced the Mexican oil & gas regulator, the National Hydrocarbons Commission ("CNH") has approved the appraisal plan for the Zama discovery.The approval of the appraisal plan by the CNH is a key approval required to commence the appraisal of the Zama discovery. CNH is currently reviewing the…
2 October 2018
CNOOC Signs PSC with Empyrean
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Empyrean Energy PLC (Empyrean) for Block 29/11 in the South China Sea.Block 29/11 is located in Pearl River Mouth Basin of the South China Sea. The Block covers a…
2 October 2018
Plan for Development and Operation for Nova Approved
Wintershall Norge AS and its partners have now received approval by the Ministry of Petroleum and Energy for the plan for development and operation (PDO) for the Nova development, about 120 kilometers northwest of Bergen, Norway. Germany’s largest internationally active crude oil and natural gas producer, and the partnership, submitted…
2 October 2018
Update on OFAC License for Rhum
Serica Energy plc announced that it has received notification from BP that the US Office of Foreign Assets Control (“OFAC”) has issued a new licence relating to the Rhum Field. The licence authorises the provision of essential goods, services and support by certain US persons and businesses to the Rhum…
2 October 2018
Norway's Largest Platform Hotel Completed
The construction of the housing and equipment platform for the Johan Sverdrup field was completed on 1 October 2018. After this important milestone, only the preparation and testing of systems remains before Norway's largest platform hotel until spring 2019 will be shipped at sea and installed on the field.In June…
1 October 2018
BMT and Sonardyne to Deliver Subsea Monitoring Step-change
Leading engineering consultancy BMT and subsea technology company Sonardyne International Ltd. have signed an agreement to provide advanced integrated marine integrity monitoring solutions to the oil and gas industry.The official Teaming Agreement between BMT and Sonardyne, announced on Thursday, 27 September at the Rio Oil & Gas exhibition and conference…
1 October 2018
Ocean Rig Poseidon Mobilised to Drill Prospect S Well Offshore Namibia
Azinam Limited, the Seacrest Capital-backed South West African oil exploration company, announced that the Ocean Rig Poseidon has been mobilised to drill the Prospect S Well in Petroleum Exploration Licence (PEL) 71, offshore Namibia.The Ocean Rig Poseidon, a sixth generation deep water drillship, is expected on location in the next…
1 October 2018
Cluff Natural Resources Plc: 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…
1 October 2018
LetterOne and BASF have Agreed to Merge their Oil and Gas Businesses to Create Wintershall DEA
LetterOne and BASF have signed a Business Combination Agreement to merge their oil and gas businesses and create Wintershall DEA. Closing of the transaction is subject to customary regulatory approvals.Wintershall DEA will be the largest independent European exploration and production company, with activity in twelve countries across Europe, Latin America,…
1 October 2018
Dry Well Near 7324/8-1 (Wisting) in the Barents Sea – 7321/4-1
DEA Norge AS, operator of production licence 721, has concluded the drilling of wildcat well 7321/4-1. The well is dry.The well was drilled about 105 kilometres west of the 7324/8-1 (Wisting) oil discovery in the Barents Sea and about 350 kilometres northwest of Hammerfest.The primary exploration target for the well…
1 October 2018
Noble Energy Announces Pipeline Solution for Leviathan and Tamar Gas Exports to Egypt
Noble Energy, Inc. announced that the Company has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt.Noble Energy and certain partners are acquiring an effective 39 percent equity interest in Eastern Mediterranean Gas Company S.A.E., which owns the EMG Pipeline.…
1 October 2018
Wood Awarded New Assignment with Wintershall in Norway
Wood has secured a new call off from Wintershall to provide engineering and construction services to the Brage offshore platform, west of Bergen, Norway.Awarded under an existing framework agreement signed in 2016, the scope of the contract includes engineering, procurement, construction, installation and commissioning (EPCIC) associated with well hook-up on…
1 October 2018
BP Receives OGA Approval to Develop Vorlich Field in North Sea
BP announced that approval has been received from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which will target 30 million barrels of oil equivalent, expected to produce 20,000 barrels gross of oil equivalent a day at peak.The £200 million project…
1 October 2018
Far Swan Awarded Long Term Contract
Solstad Farstad ASA have been awarded a two-year contract for the Platform Supply Vessel (PSV) Far Swan (2006 Built VS470 MK II Design). The vessel will be supporting drilling operations offshore Qatar with a major operator in the country.The Far Swan is currently mobilizing to Ras Laffan, Qatar and is…
1 October 2018
New Contracts for Two Supply Vessels
Companies in the Eidesvik Offshore ASA group have entered into an agreement with Equinor for extension of contracts for two platform supply vessels. The contract for Viking Avant has been extended through 2019, and the contract for Viking Energy has been extended through April 2020. The contracts are made at…
1 October 2018
CSV Southern Ocean Secures New Contract with McDermott for Works in India
CSV Southern Ocean will support McDermott on their subsea installation project off the East Coast of India. Mobilisation of CSV Southern Ocean will start at the end of the year and the works are expected to be completed in the second quarter of 2019.CSV Southern Ocean is jointly owned by…
1 October 2018
Petrobras and Equinor Sign a Memorandum of Understanding in the Renewable Energy Industry
Petrobras reported that it signed a Memorandum of Understanding ("MoU") with the Norwegian company Equinor ASA – Equinor (formerly Statoil) to evaluate a joint business development in the offshore wind energy industry in Brazil.Within the scope of the strategic partnership between the two companies, Petrobras and Equinor have been researching…
1 October 2018
BW Offshore: Successful Completion of Appraisal Well on Ruche North East
BW Offshore announced the successful drilling and completion of the Ruche North East (DRNEM-1) appraisal well which encountered oil on the Ruche North East structure in the Dussafu License. Drilling operations also included an appraisal side-track to delineate the discovery. The well was completed safely and on budget. This will…
1 October 2018
Newbuilt Shuttle Tankers for the Roncador Field in Brazil
The crude oil production from the newly acquired 25 % interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers. Equinor has now entered into time charter contracts for two newbuilt shuttle tanker with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen). The tankers…
1 October 2018
New Removal and Recycling Mission Offshore for the AF Group
AFG has signed a contract for the removal and recycling of a platform in the English sector in the North Sea in the consortium with Heerema Marine Contractors (HMC).The contract includes engineering, preparatory work, removal and recycling (EPRD) of a platform with a total weight of approximately 45,000 tonnes.The design…
26 September 2018
U.S. Interior Proposes Region-Wide Oil and Gas Lease Sale for Gulf of Mexico
In support of President Trump’s America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that BOEM proposes to offer 78 million acres for a region-wide lease sale scheduled for March 2019. The sale would include…
26 September 2018
W&T Offshore Signs Definitive Agreement to Sell Non-Core Asset
W&T Offshore, Inc. announced that it has entered into a definitive purchase and sale agreement to divest its ownership in overriding royalty interests in the Permian Basin for $56.8 million. The transaction, subject to customary closing conditions and adjustments, is expected to close on or before October 1, 2018.The Company…
26 September 2018
Jumbo Awarded Transportation & Installation Contract in Sergipe, Brazil
Jumbo’s Offshore division was awarded the contract by Sapura to perform the transportation and installation of the FSRU’s Mooring System as well as project management and engineering services. The mooring system comprises an anchor base and a rotating yoke arm filled with water and barite ballast. The structures will be…
26 September 2018
Ashtead Delivers Installation Monitoring Services to Subsea 7 on Utgard Development
Global subsea equipment specialist, Ashtead Technology, has successfully completed a subsea installation monitoring project for Subsea 7 in support of Equinor’s Utgard development, located in blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.The contract, which was awarded by i-Tech Services on behalf of Subsea 7, saw Ashtead’s…
26 September 2018
Aker Energy Awards Drilling Contracts to Maersk Drilling, Halliburton, Exceed
On behalf of the license partners and as the Operator of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, Aker Energy has entered into contracts for the drilling of the Pecan-4A appraisal well due to spud in the fourth quarter of 2018.The contracts were formally awarded to Maersk…
26 September 2018
North Sea: Total Increases its Share in the Danish Underground Consortium
Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc. which holds a 12% interest in the Danish Underground Consortium (DUC), a 12% interest in Licence 8/06, and a 7.5% interest in the Tyra West pipeline. The transaction remains subject to approval of partners and…
26 September 2018
VAALCO Energy, Inc. Announces 10-year Extension of Etame Exclusive Exploitation Areas Through 2028
VAALCO Energy, Inc. through its wholly owned subsidiary, VAALCO Gabon S.A. and the other Etame Participating Interest owners announced the receipt of the Presidential Decree approving the successful execution of an Amendment to the Etame Marin Production Sharing Contract (“PSC”) in Gabon between the Government of Gabon and the Etame…