Search News
Latest News
8 May 2018
Energean Receives Class Approval for FPSO Design for Karish-Tanin
Energean Oil & Gas, the independent oil and gas exploration and production company focused on the Eastern Mediterranean, announced that it has received Class approval from DNV-GL, the global quality assurance body, for the Basic Design of the new-build Floating Production Storage and Offloading that will be deployed at its…
8 May 2018
Cooper Energy Awarded Gippsland Basin Offshore Exploration Permit VIC/P72
Cooper Energy announced it has been awarded the offshore exploration permit VIC/P72 located in the Gippsland Basin, offshore Victoria.VIC/P72 adjoins the company’s VIC/L21 licence which holds the depleted Patricia-Baleen gas field and its associated subsea production infrastructure. The exploration permit is located in close proximity to several Esso-operated gas and…
8 May 2018
Lion Energy Awarded East Seram Block
Lion Energy Limited is pleased to advise that the Indonesian Minister for Energy and Mineral Resources, Mr Ignasius Jonan, announced that Lion Energy Ltd has been awarded the East Seram Block. He announced this in the opening session of the Indonesian Petroleum Association’s Annual Convention.Mr Jonan advised that the East…
8 May 2018
Qatar Petroleum Awards ‘Detailed Design’ Contract for North Field Expansion Offshore Jackets
Qatar Petroleum announced awarding the DETAIL DESIGN to APPROVED FOR CONSTRUCTION status for the offshore jackets for the new North Field Expansion Project to McDermott.The ‘Detailed Design’ of the jackets is an important step towards awarding the procurement, fabrication and installation (EPCI) contract by the end of this year, which…
4 May 2018
Exclusive Partnership to Use Artificial Intelligence for Subsea Integrity Monitoring
On Wednesday 2nd May 2018 an exclusive partnership was signed to develop artificial intelligence technology to monitor subsea structures. Flexlife will partner with RIO Analytics to use their unique Artificial Neural Network (ANN) Solutions in the Gulf of Mexico and further afield. The virtual sensors embedded within the ANNs will…
4 May 2018
DOF Subsea Contract Award for Geosea
DOF Subsea has been awarded a contract for the vessel Geosea by Fugro. The contract will commence at the beginning of May and will potentially secure utilisation for a period of up to 3 months, if all options are exercised.
4 May 2018
DOF Subsea Contract Award for Chartered-in Vessel Skandi Chieftain
The North America region has just recently completed a short-term survey project for a local client in Eastern Canada utilising the chartered-in vessel Skandi Chieftain, and the region has further been awarded a contract securing 120 days of utilisation of Skandi Chieftain for seismic support operations from 20 May.
4 May 2018
Northwester NV signs contract with Bladt Industries A/S
Bladt Industries has entered into a contract with Northwester NV for the delivery of a complete and fully installed substation to the forthcoming Belgian project Northwester 2 Offshore Wind Farm. The contract is a turnkey contract (EPCI contract), which includes everything from design to final installation.With the overall responsibility for…
4 May 2018
Mobilising the Offshore Organisation for the Johan Sverdrup Field
Up to 2,400 men and women are starting to mobilise for the hook-up and completion of the Johan Sverdrup field in the North Sea.Approximately 150 people, plus crew from the flotel-operator ProSafe — will set sail aboard the floating accommodation vessel “Safe Zephyrus” from Mekjarvik outside Stavanger, bound for the…
4 May 2018
Drilling Permit for Well 15/3-10 in Production Licence 025
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 15/3-10, cf. Section 15 of the Resource Management Regulations.Well 15/3-10 will be drilled from the Deepsea Bergen drilling facility in position 58°49’ 09.04’’ north and 01°52’ 02.38” east.The drilling programme for well 15/3-10 relates to the…
4 May 2018
Repsol has Received Consent for Manned Underwater Operations for 2018 for the Yme and Ula/Blane fields
The underwater operations will take place from April 2018 to December 2018, using the diving support vessels DSV Seven Falcon, DSV Seven Atlantic and DSV Seven Pelican.The Yme field is located in the south-eastern section of the North Sea in 77-93 metres of water. Both Blane and Ula fields are…
4 May 2018
Spirit Energy has Received Consent for Manned Underwater Operations on the Oda field
The underwater operations will be carried out by Spirit Energy's contractor Subsea 7 using the Seven Falcon and Seven Atlantic diving support vessels.Scheduled start-up is Q3 2018. The activities will last around 19 days.Water depth is around 65-70 metres.The Oda field is in the southern part of the Norwegian sector…
4 May 2018
100 New Offshore Projects to be Sanctioned in 2018, According to Rystad Energy
The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Report by Rystad Energy. These projects…
3 May 2018
Further Contract Extensions for CSV Southern Ocean
Further Contract Extensions for CSV Southern OceanThe contract for CSV Southern Ocean entered into in February 2018 has been further extended with one month firm. The client is granted additional extension options after expiry of the firm period. The Construction Support Vessel will continue to be assigned to multiple smaller…
3 May 2018
Polarcus awarded XArray 3D project in Asia Pacific
Polarcus Limited announced that the Company has received a Letter of Award for an XArray 3D marine seismic acquisition project in Asia Pacific. The project duration is approximately two months and is expected to start immediately after the recently announced Australian project. These awards in Asia Pacific provide important visibility,…
3 May 2018
ION Commences New 2D Multi-client Program Offshore West Africa
ION Geophysical Corporation announced acquisition began on a new 2D multi-client program offshore Ghana in partnership with Geoex and Ghana Geophysical. ION and its partners will acquire up to 7,200 km of data in advance of the license round anticipated in late 2018 to help refine understanding of the hydrocarbon…
3 May 2018
Xodus and Atlantis Resources to Target Japanese Tidal Opportunities
Xodus Group has signed a Memorandum of Understanding (MoU) with Atlantis Resources to pursue the development of a tidal energy project in Japan.The ambition for this agreement is to secure funding and establish a commercially viable tidal energy demonstration project of three to eight turbines in the country.The companies visited…
3 May 2018
Fugro's Innovative Partnership with Kaust to Train Saudi Students in Marine Technology
Fugro’s new partnership with KAUST (King Abdullah University of Science and Technology) was marked recently with the inauguration of the KAUST - Fugro Center of Excellence for Marine Technology. Beginning a mutually beneficial partnership, the new centre will provide training in ROV operations and hydrographic survey within the Kingdom as…
3 May 2018
Buffalo Field Moving Closer to Production
Carnarvon Petroleum Limited announced that redevelopment of its Buffalo oil field in the Timor Sea is progressing as the Company advances plans to drill the first production well.The signing of the Maritime Boundary Treaty by the Australian and Timor-Leste governments has enabled Carnarvon to progress its Buffalo oil field re-development…
3 May 2018
GC Rieber Shipping: Shearwater GeoServices Awarded North Sea Survey for Premier Oil
GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded a UK North Sea high-resolution 3D project on the Tolmount Field for Premier Oil. The survey is scheduled to start late Q2 2018 and will be executed by the Polar Duchess.Premier Oil is a leading independent exploration…
3 May 2018
Proposed Acquisition of a Package of Southeast Asian Assets from Santos
Ophir has agreed to acquire a package of Southeast Asian assets from Santos Limited, an Australian listed Oil & Gas company, for an aggregate cash consideration of $205 million pre-working capital adjustments, subject to certain approvals. The portfolio of assets includes material producing assets in Vietnam and Indonesia plus exploration…
2 May 2018
Boskalis Creates New Horizon in Heavy Marine Transport
Boskalis is about to set a new record and create another new horizon. The BOKA Vanguard, the world's largest semi-submersible heavy lift vessel of Boskalis, is currently getting ready to load a 90,000 ton Floating Production, Storage and Offloading platform. This is equivalent to the weight of approximately 300 Boeing…
2 May 2018
New Global Oil and Gas Decommissioning Consortium Announced
A collaborative supply chain approach to global decommissioning has been launched, offering an end-to-end solution from industry leaders, to reduce the decommissioning burden, risk and cost for operators.The new global decommissioning consortium, which includes LR, WorleyParsons, and Ardent, brings together 350 years of collective experience to reduce the interfaces, costs…
2 May 2018
EMGS Reports Revenues Related to Prefunding for Multi-client Acquisition and Various Service Projects
Electromagnetic Geoservices ASA has entered into multi-client prefunding and various service agreements. The agreements represent combined revenues to the Company of approximately USD 2.2 million.The prefunding revenue is related to 3D CSEM multi-client data surveys in the North Sea using the DeepBlue source. The surveys are expected to be executed…
2 May 2018
Stone Energy Corporation Announces Close of Ram Powell Field Acquisition
Stone Energy Corporation announced that the Company closed the transaction contemplated under the previously announced Asset Purchase Agreement dated April 27, 2018 to purchase a 100% working interest in the Ram Powell Unit, and related assets, from Shell Offshore Inc., Exxon Mobil Corporation, and Anadarko US Offshore LLC.
2 May 2018
Polarcus Secures Contract for 3D Broadband Project in Australia
Polarcus Limited announced that the Company has entered into a contract for a broadband 3D marine seismic acquisition project in Australia. The project duration is approximately two months and will commence immediately.
2 May 2018
GC Rieber Shipping: Shearwater GeoServices Awarded Two 3D Seismic Acquisition Contracts for Clients in West Africa
GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded a contract to acquire 3D seismic for Genel Energy in the Sidi Moussa license offshore Morocco. Additionally, Shearwater has been awarded a five months contract for an undisclosed client engaged in West Africa. The market outlook is…
2 May 2018
Siccar Point Energy Confirms Cambo Well Spud and Shell Deal Completion
Siccar Point Energy has started drilling a final appraisal well on the Cambo field, north-west of Shetland, with results expected this summer.The Aberdeen based production, development and exploration company, has also confirmed the completion of a sale and purchase agreement with Shell UK Limited, on 01 May 2018, for a…
2 May 2018
Maersk Drilling Secures New Contracts and Contract Extensions in the North Sea
Maersk Drilling has been awarded three consecutive contracts for the Maersk Resolute and a contract extension for the Maersk Resolve, both operating in the Dutch sector of the North Sea.The performance of the high-efficiency jack-up rig Maersk Resolute has resulted in three consecutive contract agreements with TAQA Energy B.V., Petrogas…
2 May 2018
New Energy Strategy, Focused on Natural Gas, Vital for Bulgaria to Hit 2030 Climate Targets
A new independent report by Baringa Partners, Europe’s biggest energy consultancy, and co-funded by Shell, has shown a need for Bulgaria to develop an energy strategy for 2030 which incorporates a more prominent role for gas in its energy system. The report reveals that without a new approach recognising the…
1 May 2018
Updated CPR for the Aje Field and Publication of Annual Statement of Reserves
Panoro Energy ASA announced the release of its 2017 Annual Statement of Reserves (the “ASR”) incorporating the preliminary results of an updated Competent Persons Report (the "CPR”) on its Aje field located in OML 113, offshore western Nigeria.The results of the updated CPR have been provided to Panoro by the…
1 May 2018
New Environmental Support Contract for BMT
BMT has secured a master services agreement to provide environmental support for UKCS operator, Bridge Petroleum Limited, as part of its field development work for the large Galapagos Field situated in the East Shetland basin.Under this new contract, BMT will complete the necessary Environmental Impact Assessment (EIA) to facilitate the…
1 May 2018
W&T Offshore and BHGE Announce Strategic Agreement for Joint Exploration & Development Program of 14 Drilling Projects in GoM
At Offshore Technology Conference (OTC) today, W&T Offshore Inc. and Baker Hughes, a GE company announced a strategic partnership related to W&T’s joint exploration and development program, which includes 14 drilling projects, most of which are operated by W&T in the Gulf of Mexico.The project utilizes a commercial model that…
1 May 2018
INPEX Appointed Asset Leader for Lower Zakum Oil Field Offshore Abu Dhabi, UAE
INPEX CORPORATION announced that it has been appointed as Asset Leader for the Lower Zakum Oil Field offshore Abu Dhabi in the United Arab Emirates (UAE) by the Abu Dhabi National Oil Company (ADNOC). INPEX, which recently signed an agreement with ADNOC, awarding it a 10 per cent interest in…
1 May 2018
BW Offshore: Extension Agreement for ABO FPSO
BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 31 March 2019. The contract comprises a firm period of 2 months and a 9 month further extension period on the same terms.
1 May 2018
PGS to Cover Moray Firth in 2018
In May 2018, PGS will start acquisition of three new 3D GeoStreamer® surveys covering nearly 7 400 sq. km of the Moray Firth area of the North Sea, to be completed in October 2018. Fast-track data will be available four months after the final shot.This prefunded MultiClient project promises to…
1 May 2018
TurkStream Line 1 Completed
At the Black Sea coast of Turkey, the deep-water pipelay for Line 1 of the TurkStream offshore gas pipeline has been completed.The average rate of the deep-water pipelay carried out by the pipelaying vessel Pioneering Spirit was 4.3 km/day. The maximum pipelaying rate – 5.6 km/day – was reached twice…
1 May 2018
Stork Awarded Shell Southern North Sea Technical Support Contract
Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a three-year contract by Shell UK Limited to provide technical support for a range of Shell’s UK-based ONEgas assets in the Southern North Sea, as well as onshore facilities, offshore installations and vessels. Fluor booked the undisclosed…
1 May 2018
Sale of Babbage Area Interests
Premier announced that it has entered into a sale and purchase agreement to sell its interests in the Babbage Area to Verus Petroleum SNS Ltd. The interests include a 47 per cent interest in the Babbage gas field, a 50 per cent interest in the Cobra discovery and certain outstanding…
1 May 2018
Completion of Haven Rig Upgrade Project
Lamprell announced the successful completion of the upgrade to the mobile operating unit Haven as an accommodation service vessel for use offshore Norway. The unit has been delivered to Jacktel AS, a wholly owned subsidiary of Master Marine AS, within budget and as scheduled.The contract for the Haven rig upgrade…
1 May 2018
Pipelaying Operations for Norway’s Largest Oil Pipeline are Underway
The operations to install Norway’s largest pipeline to the Johan Sverdrup field started outside Mongstad, north of Bergen, late last week onboard the vessel Saipem Castorone.Soon the tip of the first pipe of what will become Norway’s longest and largest oil pipeline will be pulled into the Mongstad terminal, north…
30 April 2018
ARO Drilling Awarded Four Contracts from Saudi Aramco for Rowan Jack-ups
Rowan Companies plc expects that four of its idle jack-ups will be leased to ARO Drilling to fulfill four three-year contracts that ARO Drilling has been awarded by Saudi Aramco.ARO Drilling will lease the EXL I, EXL IV, Bess Brants and Earnest Dees (formerly named P-59 and P-60, respectively) from…
30 April 2018
Fugro Provides Seep Hunting Expertise Offshore Brazil
Working for multi-client geoscience data company, TGS, Fugro continues the hunt for hydrocarbon seeps, this time offshore Brazil. Two modern, purpose-built vessels – Fugro Brasilis and Fugro Searcher – have been deployed to acquire high-resolution multibeam echosounder and sub-bottom profiler data in the Campos and Santos Basins.The survey is designed…
30 April 2018
Ørsted Wins 551.75MW in German Offshore Wind Auction
In the second German auction for offshore wind, the Bundesnetzagentur has today awarded Ørsted the right to build an additional 551.75MW offshore wind in the German North Sea. Ørsted won with the following projects:- Borkum Riffgrund West 1 with a capacity of 420MW at a price of EUR 0 per…
30 April 2018
Taiwan Awards Ørsted 900MW Grid Capacity for Offshore Wind
Following a thorough and comprehensive grid allocation process, Taiwan’s Ministry of Economic Affairs has awarded Ørsted the right to connect 900MW offshore wind capacity to Taiwan’s power grid with the following projects: - Changhua 1 with a capacity of 605MW and grid connection in 2021.- Changhua 2 with a capacity…
27 April 2018
Vantage Drilling International Announces Contract for the Topaz Driller
Vantage Drilling International, announced that it has entered into a contract with Total Gabon for its premium jack-up rig, the Topaz Driller, to perform drilling services in Gabon for an estimated term of nine months with additional optional periods.Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling…
27 April 2018
Rowan Announces Contract with Chrysaor for the Rowan Gorilla VII
Rowan Companies plc announced that the Rowan Gorilla VII, a Super Gorilla Class ultra-harsh environment jack-up rig, has been awarded an 18-month program by Chrysaor in the UK sector of the North Sea. The contract is expected to commence imminently for 18 months of work followed by two, one-year options.…
27 April 2018
Maersk Supply Service Begins Environmental Studies for Deep Sea Metal Company
Maersk Launcher left San Diego port for its first deep sea mineral offshore study. The departure marks an important milestone for Maersk Supply Service's work with deep sea metal company, DeepGreen.Maersk Supply Service began working with DeepGreen Metals (DeepGreen) in 2017, to bring marine knowledge to the development of a…
27 April 2018
Aker Solutions Upgrades Aberdeen Site to Target Growing Subsea Services Market
Aker Solutions officially opens its upgraded Aberdeen services facility to help capture subsea sector growth in the UK and elsewhere.Demand is increasing globally for services at oil and gas fields offshore, including in the UK. Energy companies are seeking to maximize production and returns from existing assets and infrastructure amid…
27 April 2018
Casino Workover Completed, Rig Moving to Sole Gas Field
Cooper Energy announced that the Diamond Offshore Ocean Monarch drill rig is preparing to depart the Casino Henry gas project in the offshore Otway Basin Victoria this evening having completed a successful workover of the Casino-5 production well.The workover met all technical objectives of the work program. Gas production from…