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30 August 2018
CHC Completes First Flight for Neptune Energy
Earlier in August, Neptune Energy and CHC Helicopter celebrated the inaugural flight from Norwich, with the H175 to the Cygnus A and Cygnus B installations in the Southern North Sea as part of a new 22-month contract with multiple extension options.This contract is in addition to the two and half-year…
30 August 2018
JDR and Wild Well Sign Five-year Long Term Service Agreement
JDR Cable Systems, the leading supplier of subsea umbilicals and power cables owned by TFKable Group, has been awarded a five-year Long Term Service Agreement with Wild Well Control, Inc., a Superior Energy Services company.The five-year agreement, will see JDR design, manufacture and assemble intervention, workover and control systems (IWOCS)…
30 August 2018
Aker BP Signs “Data Liberation Contract”
In collaboration with Cognite and Framo, Aker BP intensifies the digitalisation of offshore operations; new smart service contract will change the traditional approach to maintenance.The Ivar Aasen platform in the North Sea provides Aker BP with more than just oil. It also transmits vast volumes of data back to shore.…
29 August 2018
Golden Energy Chooses Rolls-Royce Battery System for Two Offshore Vessels
Rolls-Royce Commercial Marine has received an order to deliver a battery-powered energy system for two offshore vessels (PSVs) operated by Norway-based Golden Energy Offshore. The delivery includes the SAVe Energy system, which was launched by Rolls-Royce earlier this month. In addition, the two vessels will receive an upgrade of the…
29 August 2018
Glomar Linde Upgrade to O&G UK Standards
Glomar Offshore BV / Glomar Offshore Ltd are pleased to inform their clients that our 2012 purpose built standby vessel ‘GLOMAR LINDE’ is now upgraded and validated to the new Oil & Gas UK regulations as a Class B unit, and will be deployed in the UK continental shelf.Glomar is…
29 August 2018
Petrofac Awarded US$600 million Project in Algeria
Petrofac has received a provisional letter of award for an engineering, procurement and construction (EPC) contract worth US$600 million with Sonatrach for EPC1 of the Tinhert Field Development Project in Algeria. Formal contract signing is expected to take place in September 2018.Located in Ohanet, around 1,500 kilometres southeast of Algiers,…
29 August 2018
Esso Deepwater Gippsland Commences Exploration Drilling Program to Find New Gas
Esso Deepwater Gippsland Pty Ltd has commenced an offshore exploration drilling program in the Gippsland Basin to search for new sources of gas.Esso Deepwater Gippsland is drilling two exploration wells, known as Baldfish and Hairtail, on the VIC/P70 block as part of its investment program to find and bring online…
29 August 2018
GulfSlope Energy Provides Update on Drilling of Canoe Prospect
GulfSlope Energy, Inc. announced drilling results for the GulfSlope Energy OCS-G-35589 #1 well on Vermilion Block 378 (VR 378) referred to as the Canoe Shallow Prospect. Based on Logging-While-Drilling (LWD) and Isotube analysis of hydrocarbon samples, oil sands were encountered in the northwest center of the block. The well was…
29 August 2018
Fugro Acquires Data in Frontier Region Seep Hunting Programme Offshore Eastern Canada
Fugro has successfully completed the geophysical acquisition portion of a 2018 Carson Basin seep hunting programme offshore eastern Canada. The workscope covers an area of 18,875 square kilometres in water depths from 300 to 3,300 metres in this frontier region offshore Newfoundland. From its deepwater survey vessel, Fugro Searcher, Fugro…
29 August 2018
Building a Core Area in Brazil
With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Brazil has become a core area for Equinor.Brazil stands out globally as one of the most promising offshore oil and gas basins with a…
28 August 2018
Agar/Plantain Exploration and Appraisal Well Commences
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, noted the announcement made by Azinor Catalyst Limited (“Catalyst”), the operator of the Agar Plantain exploration and appraisal well on the UK Continental Shelf (“UKCS”).Catalyst confirmed that the Plantain…
28 August 2018
Transforming the Norwegian Continental Shelf
On 28th August 2018, Equinor is presenting plans for transforming the Norwegian continental shelf (NCS) for continued high value creation and low emissions for the coming decades.Equinor is on track to maintain profitable production from the NCS at current level towards 2030. After 2030 the NCS will enter a more…
28 August 2018
Doubled Reserves – Won IOR Prize
The licensees for the Alvheim field in the North Sea have been awarded the Norwegian Petroleum Directorate’s improved oil recovery (IOR) prize because of their willingness to accept risk.Adopting new technology, sharing data and being able to view a wider area as a whole have helped to more than double…
28 August 2018
Aibel to Build New Sverdrup Plant
Equinor has awarded Aibel the contract to build phase 2 of the onshore power plant at Haugsneset east of Kårstø. The phase 2 development will contribute to secure the power supply from land to the further development of Johan Sverdrup, and also contribute to establishing the area solution for power…
28 August 2018
Merger Between Bergen Group and Endúr Fabricom; New Industrial Group in Western Norway with Growth Ambitions
Bergen Group ASA have entered into an agreement with the oil service company Endúr Fabricom for a merger between the two companies.The merged company will constitute a strong industrial group based in western Norway, with close to 400 employees and an order book exceeding NOK 1 billion. The combined company…
28 August 2018
Stena Don to Drill on Laggan Field
Stena Drilling have signed a contract with Total E&P UK Ltd. for the Stena Don in 2019 to drill one well on the Laggan Field located west of the Shetland Islands in water depths of up to 650m.The Stena Don is currently working for Total E&P UK on an Exploration…
28 August 2018
Wood Awarded Maintenance Data Build Contract by Total Denmark E&P
Wood has secured a new four-year contract with Total Denmark E&P to provide the development and delivery of a significant operations readiness assurance scope for the Tyra redevelopment project, located 225 kilometres west of Esbjerg.Wood will deploy its integrated maintenance database (IMD) to build Total’s SAP maintenance management system. Delivered…
28 August 2018
DEA to Invest More than Two Billion Euros in Norwegian Oil and Gas Business
ONS 2018: German upstream company with long-term commitment to the NCSNorway is already the strongest production country in DEA’s global portfolio. Further growth projects are planned to come on stream from 2020 on. Most important project is the development of the own operated Dvalin gas field. DEA aims to double…
28 August 2018
Ocean Installer Awarded First Contract in China
Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea.The work scope encompasses 3rd party verification of detailed design and subsea construction engineering, as well as various other support functions to the…
28 August 2018
BHGE Secures 3-Year Subsea Services Contract Extension From Equinor
Baker Hughes, a GE company has received a three-year extension to a subsea services frame agreement with Equinor for its operations on the Norwegian Continental Shelf. BHGE will provide support for several installations including Troll, Snorre B and Tordis/Vigdis, with the deal marking more than 40-years of collaboration between the…
28 August 2018
Wind Farm Being Considered at Snorre and Gullfaks
Equinor and partners at Gullfaks and Snorre have decided to explore the possibilities of supplying the Gullfaks and Snorre fields with power from floating offshore wind. This could be the first time an offshore wind farm is directly connected to oil and gas platforms.The project forecasts a reduction of CO2…
27 August 2018
Aleron TRACKROV Books First Work on Dutch Offshore Wind Farm
Aberdeenshire-based remotely operated vehicle (ROV) and engineering firm, Aleron Subsea, has won its first contract for its new hybrid TRACKROV technology which will see it supporting unexploded clearance work on an offshore wind project in the Netherlands.The TRACKROV vehicle has been built to operate on the seabed for extended periods…
27 August 2018
Long term Contract with Fairfield Industries Inc. for CSV Normand Tonjer
Solstad Farstad ASA has entered into a contract with Fairfield Industries Inc. for the CSV “Normand Tonjer”. The contract will commence in 3Q 2018 and has a duration of one year firm plus two yearly options.Fairfield will use the vessel to support their innovative worldwide ocean bottom seismic survey using…
27 August 2018
MMT Signs 10 New Contracts
MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industry.MMT is proud to present a wide portfolio of old and new clients such as Siccar Point Energy, Equinor, Perenco, SSE, Örsted, Vattenfall, GreenLink Interconnector,…
27 August 2018
Pipetech Operations Limited Wins Project with Nexen
Pipetech announced that they have won a project with operator Nexen to deliver Active Caisson Management on its Scott platform.Active Caisson Management delivers a single sourced solution for inspection, cleaning, coating and planned and programmed maintenance and repair scheduling to drive cost efficiencies and maintain asset integrity throughout the lifecycle…
27 August 2018
Delineation of the 16/1-12 (Rolvsnes) Oil Discovery in the North Sea – 16/1-28 S
Lundin Norway AS, operator of production licence 338C, has concluded the drilling of appraisal well 16/1-28 S.The well was drilled about one kilometre northeast of the discovery well, 16/1-12, and around 190 kilometres west of Stavanger. The 16/1-12 (Rolvsnes) discovery is located just south of the Edvard Grieg field. The…
27 August 2018
Increased Value Creation, More Resources and Greater Ripple Effects from Johan Sverdrup
Equinor and the Johan Sverdrup partnership of Lundin Norway, Petoro, Aker BP and Total, are submitting the development plan for the second phase of the project to the Norwegian Ministry of Petroleum and Energy. With an increased resource estimate and lower investment costs, the full field development of Johan Sverdrup…
24 August 2018
Drilling Permit for Well 2/6-6 S in Production Licence 860
The Norwegian Petroleum Directorate has granted Mol Norge AS a drilling permit for well 2/6-6 S, cf. Section 15 of the Resource Management Regulations.Well 2/6-6 S will be drilled from the Rowan Viking drilling facility in position 56°30'40.73"N and 3°54'49.22"E.The drilling programme for well 2/6-6 relates to the drilling of…
24 August 2018
Go-ahead for Oseberg H
The Norwegian Petroleum Directorate has granted consent for the Oseberg H facility to start production in September.Oseberg H is a new unmanned wellhead platform that is part of the Oseberg vestflanken 2 development project in the North Sea. The consent has been given to the licensees in the Oseberg area…
24 August 2018
Drilling Permit for Well 6406/2-9 S in Production Licence 199
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 6406/2-9 S, cf. Section 15 of the Resource Management Regulations.Well 6406/2-9 S will be drilled from the West Phoenix drilling facility in position 64048`18.22 N and 060 26`51.08 E.The drilling programme for well 6406/2-9 S relates…
24 August 2018
Second Quarter and First Half 2018 report – Prosafe Transformed as Market Indicators Turn Positive
EBITDA for the second quarter amounted to USD 57.1 million (USD 26.4 million). Higher EBITDA is mainly due to better utilisation, higher average day rates, cost control and the revenue adjustment relating to IFRS 15 (USD 8.7 million). A transforming agreement was reached with Cosco and majority lenders, which will…
24 August 2018
Extension of Charter Contract for the Vessel "Connector"
Ocean Yield ASA has now entered into a contract for extension of the Charter for the vessel "Connector" for a firm period up to and including 30 September 2018, plus further extensions in charterer's option for a period up to and including 19 November 2018.The vessel will continue to conduct…
24 August 2018
Anasuria Cluster - Reserves and Contingent Resources Assessment
Anasuria Hibiscus UK Limited, a the wholly-owned subsidiary of Hibiscus Petroleum Berhad, had on 28 May 2018, appointed LEAP ENERGY Partners Sdn Bhd to undertake an independent evaluation of in-place and recoverable hydrocarbons in the Anasuria Cluster.The Anasuria Cluster consists of the Teal, Teal South, Guillemot and Cook fields which…
24 August 2018
Wood Secures Extension to Global Framework with Shell
Wood has secured a three-year extension to a framework agreement with Shell to continue to deliver completions management, certification software and support to its assets globally.As part of the framework agreement, originally awarded in 2014 and managed from the UK, Wood will provide its completions management software GoTechnology, currently used…
24 August 2018
KONGSBERG Power and Control Solution Selected for New Awilco Owned Drilling Rig
Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC. The contract is valued at around USD 18 million. Based on the Moss…
24 August 2018
Hendrik Veder Group Strengthens Position Through Acquisition of Universal Inspection UK Ltd
Netherlands-based Hendrik Veder Group (HVG), global specialists in steel wire and fibre rope products and lifting services, has announced its acquisition of Aberdeen-based Universal Inspection UK Ltd.With sites in five European countries, Hendrik Veder Group is a leading provider of lifting and inspection services and has one of the largest…
24 August 2018
Contract for Improved Recovery at Johan Castberg
Digital technology developed in Norway will help improve recovery from the Johan Castberg field in the Barents Sea. Equinor has awarded Alcatel Submarine Networks a contract for permanent reservoir monitoring (PRM), which in turn has signed a letter of intent with Nexans Norway AS for delivery of subsea cable.The technology…
24 August 2018
Ithaca Energy Inc. GSA Acquisitions
Ithaca Energy Limited announced it has entered into agreements to acquire all the Greater Stella Area (“GSA”) licences and associated infrastructure interests of Dyas UK Limited and Petrofac Limited. The acquisition materially increases the Company’s production and reserves base, while simultaneously delivering full control and flexibility over the long term…
23 August 2018
Drilling Permit for Well 7321/4-1 in Production Licence 721
The Norwegian Petroleum Directorate has granted DEA Norge AS a drilling permit for well 7321/4-1, cf. Section 15 of the Resource Management Regulations.Well 7321/4-1 will be drilled from the Island Innovator drilling facility in position 73°44'07.76" north and 21°08'21.94" east after concluding the drilling of wildcat well 7322/7-1 for Spirit…
23 August 2018
Østensjø Rederi has Agreed to sell Edda Fonn
Østensjø Rederi (ØR) has signed a contract to sell Edda Fonn to the Royal New Zealand Navy (RNZN).The vessel will be outfitted with dive-, ROV- and hydrographic system by ØR early next year, before being delivered to the RNZN in Auckland in May 2019. The modifications are as per RNZN…
23 August 2018
MMT Signs 10 New Contracts
MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industry.MMT is proud to present a wide portfolio of old and new clients such as Siccar Point Energy, Equinor, Perenco, SSE, Örsted, Vattenfall, GreenLink Interconnector,…
23 August 2018
United Oil & Gas PLC: Confirmation of Award of Two Blocks Including an Oil Discovery in the UK North Sea
Highlights: - Award of Blocks 15/18d and 15/19b in the North Sea which includes the Crown Oil Discovery, with estimates of up to 16 million barrels of recoverable oil - Discussions with potential farm-in partners can now commence, with interest already received highlighting the quality of the asset - Significant…
23 August 2018
4Subsea Awarded Digital Master Service Agreement with Equinor
4Subsea has been awarded a 3-year Master Service Agreement for processing of BOP measurement data for a selection of Equinor’s mobile drilling units operating on subsea wells.4Subsea Awarded Master Service Agreement for Well Monitoring and Data Processing with EquinorThe purpose of the contract with Equinor is to provide well monitoring…
23 August 2018
Ten Companies Selected for Techstars Energy Accelerator in Partnership with Equinor
Equinor announced the inaugural class of global start-up companies selected to participate in the Techstars Energy Accelerator.The ten start-up companies have been selected from hundreds of applicants across 38 countries. They will seek to accelerate their development through an intensive 13-week program, tapping into a global network of experts from…
23 August 2018
Santos Announces Acquisition of Quadrant Energy
Key Highlights - Acquisition of 100% of Quadrant Energy for US$2.15 billion plus potential contingent payments related to the Bedout Basin - Fully funded from existing cash resources and new committed debt facilities, with rapid de-gearing expected to <30% by the end of 2019 - Value accretive acquisition of long-life…
23 August 2018
Siccar Point Energy Confirms Cambo Well Test Success
Siccar Point Energy has successfully concluded well testing operations on the 204/10a-5 appraisal well in the Cambo field, north-west of Shetland.A vertical pilot hole was initially drilled confirming over 100ft of oil column and a higher than anticipated net pay of 58ft. Extensive logging and coring were conducted confirming a…
22 August 2018
Tekmar Group Ignites Growth Strategy with Proposed Acquisition of Subsea Innovation
Tekmar Group plc, a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, is pleased to announce that it has today signed a sale and purchase agreement for the acquisition of Subsea Innovation Ltd. The Proposed Acquisition is subject to shareholder approval.The…
22 August 2018
JDR Launches IWOCS Rental Service
JDR Cable Systems (JDR), the leading supplier of subsea umbilicals and power cables to the offshore energy industry owned by the TFKable Group, has launched a global intervention, workover and control systems (IWOCS) rental service.JDR’s IWOCS rentals offer offshore oil and gas operators the ability to increase production from subsea…
22 August 2018
Oceangate Expeditions has Selected Island Offshore as the Preferred Partner for 2019 Titanic Survey Expedition and Ongoing Deep Sea Exploration
OceanGate Expeditions, a provider of manned submersible and specialty expeditions, has selected Island Offshore, an operator of offshore subsea service vessels, as their preferred partner for deep sea exploration. As part of the agreement, a vessel from Island Offshore’s fleet of Subsea Construction and Accommodation Vessels will be used as…
22 August 2018
SMD Sign Contract to Supply QTrencher 500 Cable Maintenance ROV to TE SubCom
World leading subsea equipment design and manufacturer Soil Machine Dynamics Ltd (SMD) announced the signature of a contract to supply a QTrencher 500 Cable Maintenance ROV to TE SubCom.The QTrencher 500 will be delivered in Q1 2019. The vehicle will come equipped with SMD’s latest surface control and power cabin…