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27 April 2018
Hess Acquires Interest in New Acreage Offshore Guyana
Hess Corporation announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 percent participating interest in the Kaieteur Block, offshore Guyana. The Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the…
27 April 2018
Nexans to Supply Umbilicals and Accessories for BP’s Mad Dog 2 Project In Gulf Of Mexico
The United States is expected to account for up to 80 percent of the increase in global oil supply to 2025. This growth is driving the development of new fields far offshore in ever greater water depths. One of the leading oil & gas producers in the region, BP has…
27 April 2018
SOCAR and BP Sign New Production Sharing Agreement for Azerbaijan Exploration
SOCAR and BP signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea.The PSA was signed in London, in the presence of UK Prime Minister Theresa May and Azerbaijan’s President Ilham…
26 April 2018
i-Tech Services and Leidos Partner to Drive Digitalisation Subsea
On 25th April 2018, i-Tech Services, a Subsea 7 company, and Leidos announced a five-year digitalisation partnership agreement.The partnership will increase efficiencies in i-Tech Services’ Life of Field capabilities by providing clients with greater insights into operations through the field lifecycle. This relationship will leverage Leidos’s multi-sector expertise in digitalisation…
26 April 2018
Royal IHC Delivers 4000 Tonnes Crane Vessel GULLIVER to Scaldis
On Friday 20th April 2018, Royal IHC handed over the fully self-propelled DP2 crane vessel GULLIVER to Scaldis, a subsidiary of DEME, Jan de Nul and Herbosch-Kiere. IHC managed the complete scope of work including the design, procurement, ship construction in China and commissioning. When the vessel was mechanical complete…
26 April 2018
McDermott Completes Installation and Startup for the Vashishta and S1 Field
McDermott International, Inc. announced it has successfully concluded the installation and startup on the Vashishta and S1 field, an engineering, procurement, construction and installation (EPCI) contract that it received from ONGC in December 2015.McDermott together with consortium partner LTHE, a wholly owned subsidiary of Larsen & Toubro Limited (L&T), was…
26 April 2018
Stena DrillMAX Drillship to Drill Giant Samo Prospect Offshore The Gambia
FAR Limited has awarded a drilling rig contract to Stena Drilling. Stena Drilling will provide and operate the Stena DrillMAX drillship to drill the giant Samo prospect offshore, The Gambia, scheduled for late 2018.The Samo-1 exploration well has a primary target which FAR estimates to contain a best estimate prospective…
26 April 2018
The First Johan Sverdrup Topside Installed
On 25th April 2018, the last module of the Johan Sverdrup riser platform was lifted into place. With this, the first of four topsides of the next North Sea giant has been installed.The riser platform – the first of four platforms to be installed in the first phase of the…
26 April 2018
Heerema Marine Contractors Announces Further Step in Strategic Transition
Heerema Marine Contractors (HMC) announced that as a further step in its strategic transition the company will discontinue its offshore pipe lay activities. The decision follows a further review and commercial evaluation in early 2018 of HMC’s current position in the highly competitive pipe lay market which continues to suffer…
25 April 2018
Shell Invests in the Vito Development in the Gulf of Mexico
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announced the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. This decision sets in motion the construction and fabrication…
25 April 2018
Tullow Oil plc: 2018 AGM Trading Update
Tullow Oil plc issued the following Trading Update for the period 1 January to 25 April 2018.This statement is issued in advance of the Group’s Annual General Meeting (AGM) which is being held at Tullow Oil plc, Building at 12pm on 25th April 2018. The Group will announce its Trading…
25 April 2018
New Module Ready for the Norwegian Sea
The Dvalin project marks a new milestone as the 577-ton H25 module is prepared for transportation to the Heidrun platform in the Norwegian Sea.On the 23rd April 2018, the module was moved 300 meters from the North Sea Hall to quay at the Aibel yard in Haugesund. The load out…
25 April 2018
SKF Digitisation Solutions Help to Increase Rotating Equipment Performance for BP North Sea
SKF’s cloud-based analytics will help BP maximise the use of condition monitoring data to improve plant reliability.SKF has signed a three-year, multi-million-pound contract with BP to supply condition monitoring services to its UK offshore assets.As well as collecting data from a range of rotating equipment – including fans, motors and…
25 April 2018
Williams Shipping Begins Turbine Blade Contract for MHI Vestas
Williams Shipping is pleased to have started working on a contract to transport 82m offshore wind turbine blades for Isle of Wight-based wind energy specialists MHI Vestas.TURBINE PRODUCTION IN THE UKMHI Vestas is a joint venture between Mitsubishi Heavy Industries and Vestas Wind Systems. Their V164 offshore wind turbines are…
25 April 2018
Cabot Energy: Italian Environmental Impact Assessment Approval
Cabot Energy, the AIM quoted oil and gas company focused on production led growth balanced with high impact exploration and appraisal opportunities, announces that the Environmental Impact Assessment ("EIA"), which was submitted to the Italian Ministry of the Environment for the drilling of an exploration well on the Vesta prospect,…
25 April 2018
PGS Coverage for Brazil 15th Round
Two new 3D GeoStreamer® surveys over Potiguar and Sergipe-Alagoas add to PGS coverage for the Brazil 15th Round, complementing Santos and Campos data. Brazil's pre-salt acreage and mature offshore basins offer attractive and lucrative exploration opportunities for 2018.Data AvailabilityFinal imaging products for Ceara Fortaleza and Potiguar Aquiraz are available now.…
24 April 2018
DeepOcean Acquires Delta SubSea
DeepOcean has acquired Delta SubSea LLC and expanded its presence into the US Gulf of Mexico.Delta SubSea is an agile and cost effective provider of Inspection Maintenance and Repair (IMR) and light construction services with a strong focus on the US Gulf of Mexico (GOM) and US based customers with…
24 April 2018
Gulf Island Completes Sale of Texas South Yard for $55 Million Cash
Gulf Island Fabrication, Inc. announced that on April 20, 2018, the Company completed the sale of its South Yard in Ingleside, Texas, to a subsidiary of Buckeye Partners for $55 million. The Company continues to actively market its North Yard in Aransas Pass, Texas, which is also held for sale…
24 April 2018
McDermott and CB&I Announce Global Name and Brands for Future Combined Company
McDermott International, Inc. and CB&I announced that, following the closing of the combination, the combined company intends to retain the name McDermott.CB&I’s industry-leading business that provides proprietary process technology licenses, associated engineering services, catalysts and engineered products will use the Lummus brand name. Lummus also offers process planning, project development…
24 April 2018
Petrofac Sells JSD6000 Project to ZPMC
Petrofac Limited announced that Petrofac International (UAE) LLC has signed an agreement to sell the JSD6000 project to Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC).The transaction comprises the sale of all JSD6000 related assets held by Petrofac, including the owner furnished equipment, for a gross consideration of US$190 million and…
24 April 2018
Atlantis Study Concludes 2GW of Tidal Energy is Immediately Available to be Harnessed in the Raz Blanchard, Normandy and 1GW Could be Operational by 2025
Atlantis, a global leader in the marine power generation sector, has submitted a strategic plan to the French government setting out plans to deliver 1GW of tidal power by 2025 at Le Raz Blanchard which will drive the reduction of Levelized Cost Of Energy (“LCOE”) for tidal energy lower than…
24 April 2018
Serica Energy plc: Erskine Field Update
Serica Energy plc, an independent oil and gas company with production, development and exploration licence interests in the UK North Sea and exploration interests in Ireland and Namibia, hereby provides the following update on the interruption to production at the Erskine field.As announced on 22 January 2018, during cleaning operations…
24 April 2018
Jersey Oil and Gas plc: 3D Seismic Survey
Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that the co-venturers in respect of UKCS Licence P.2170 (Blocks 20/5b & 21/1d) ("P.2170"), which contains the Verbier oil discovery and the Cortina prospect,…
24 April 2018
Statoil Awards BHGE Contract to Provide Turbo Equipment for Johan Castberg
Baker Hughes, a GE company has been awarded by Statoil Petroleum AS and Aker Solutions a contract to provide turbomachinery equipment for the topside structure for the floating production, storage and offloading vessel (FPSO) to be located at the Johan Castberg field in the Barents Sea.Under the deal, which is…
24 April 2018
Aker BP has Received Consent for Exploration Drilling in the Barents Sea
Aker BP is the operator for production licence 659 in the Barents Sea. We have now given the company consent to drill appraisal well 7222/10-1, around 65 kilometres north-north-east of the Snøhvit field. The objective of the drilling is to appraise discovery 72221/12-1 ("Svanfjell").The planned start-up is May 2018.The drilling…
24 April 2018
CNOOC Limited Announces Key Operational Statistics for Q1 2018
The Company achieved total net production of 120.1 million barrels of oil equivalent ("BOE") for the first quarter of 2018, representing an increase of 0.8% year over year ("YoY"). Production from offshore China decreased 1.2% YoY to 77.5 million BOE, mainly due to normal decline of the producing fields. Overseas…
24 April 2018
New-build Kreuz Challenger Mobilised for Long-term Brunei Shell Contract
Leading international integrated subsea services company Kreuz Subsea has mobilised the recently delivered new-build dive support vessel, Kreuz Challenger, as part of its seven-year contract with Brunei Shell Petroleum Company Sdn. Bhd. (BSP).The contract, which runs until 2022, includes supporting BSP with inspection, repair and maintenance services to be carried…
23 April 2018
Drilling Permit for Well 35/12-6 S in Production Licence 925
The Norwegian Petroleum Directorate (NPD) has granted Wellesley Petroleum AS a drilling permit for well 35/12-6 S, cf. Section 15 of the Resource Management Regulations.Well 35/12-6 S will be drilled from the Transocean Arctic drilling facility in position 61°13' 45.06" North and 3°45' 25.40" East.The drilling programme for well 35/12-6S…
23 April 2018
Bassoe Offshore: Nearly 20 Jackups Left the Offshore Rig Fleet During the First Quarter of the Year.
Bassoe Offshore provided an update on the scrapping of Jackups.Nearly 20 jackups left the offshore rig fleet during the first quarter of the year. A lot more are coming as rig owners throw in the towel for their old assets.As we’ve mentioned before, nobody likes scrapping jackups. They’re cheap to…
23 April 2018
Installation of Belgian Topside for Offshore Substation Marks Milestone in Further Construction of Merkur Offshore Wind Farm
The topside for the offshore substation for the Merkur Offshore Wind Farm was installed over the weekend.The topside is the result of a close cooperation between Belgian companies that are major players in the international offshore wind energy market. With companies like Tractebel (engineering), ENGIE-Fabricom (electromechanics), Iemants (steel constructions) and…
23 April 2018
Saipem Awarded New Contracts in Offshore Drilling and Offshore E&C Worth Approximately 190 million USD in Total
Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months, excluding options.The first contract refers to the award by A/S Norske Shell of an optional well in…
23 April 2018
Golar LNG Enters into a Preliminary Agreement and Exchanges Heads of Terms for an FLNG Vessel for Phase 1A of the Greater Tortue / Ahmeyim Project, West Africa
Golar LNG Limited announced that it has entered into a Preliminary Agreement and exchanged Heads of Terms for a Charter Agreement with BP Mauritania Investments Ltd and BP Senegal Investments Ltd, (together "BP") in their capacity as block operators. The HoT represents a commitment between the Parties to translate the…
23 April 2018
From Oxfordshire Lab to the North Sea: Next-Generation Wind Turbine Foundations are Being Deployed at Borkum Riffgrund 2
The Borkum Riffgrund 2 offshore wind farm, for which construction has begun in the German North Sea, will have 56 8MW turbines, including 20 next-generation suction bucket foundations. Prior to their deployment, the novel foundations were part of a research project carried out with Ørsted by HR Wallingford in its…
23 April 2018
Clearance of Explosives in the Gulf of Finland on the Balticconnector Pipeline Route Between Finland and Estonia
Baltic Connector Oy’s subcontractor Finnish Diving Support Oy will be clearing three explosives in the Gulf of Finland on 23–27 April 2018. The clearance work is to be done under the decision on the permit for preparatory work no. 193/2017/2 granted by the Regional State Administrative Agency of Southern Finland…
23 April 2018
Fugro's Ultra-Deepwater Surveys Support Seabed Mining Exploration
Fugro is commencing its first project supporting deep sea polymetallic nodule mining under a contract awarded by seafloor mineral exploration company Nauru Ocean Resources Inc. (NORI), a subsidiary of DeepGreen Metals Inc.In the deep waters of the eastern Pacific Ocean, its specialist marine geoscience team will perform detailed site characterisation…
20 April 2018
Drilling Permit for Well 7221/12-1 in Production Licence 659
The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA a drilling permit for well 7221/12-1, cf. Section 15 of the Resource Management Regulations.Well 7221/12-1 will be drilled from the Deepsea Stavanger drilling facility in position 72o8' 18.68" north and 21o55' 50.32" east.The drilling programme for well 7221/12-1 relates to…
20 April 2018
The Oil & Gas Technology Centre: Next Generation Drones can Transform the Future
Air Control Entech (ACE) and the Oil & Gas Technology Centre have reached a major milestone, with the launch of three state-of-the-art unmanned aerial vehicles (UAVs), which aim to reduce offshore oil and gas inspection costs by up to 50%.While UAVs are typically used for visual inspection, ACE’s next generation…
20 April 2018
Delmar and MDL Join Forces to Launch LiveWire™
Delmar Systems and Maritime Developments (MDL) have formed a joint-partnership to launch LiveWire™, an innovative solution for wire rope inspection and change-out services. LiveWire™ will revolutionize wire rope handling, maintenance and inspection by cutting time and operational expenditure for any client with a large diameter wire rope.LiveWire™ will be based…
20 April 2018
Oceanteam Solutions Getting Ready for Client’s Fourth Cable Loadout
Following three successful cable loadouts, Oceanteam Solutions, in cooperation with Blue Offshore, are in preparation for another loadout starting this Friday. Oceanteam and Blue Offshore will line-up a professional cable handling crew that are going to assist the client during the loadout. The entire spread - a barge equipped with…
20 April 2018
Successful Transfer of Participating Interests Under Service Contract No.55 (SC55)
The Board of Red Emperor Resources NL provided the following update with respect to SC55, offshore Palawan Basin in the Philippines.This week the Company finally received official confirmation from the Philippine Department of Energy (DoE) ratifying the request for the transfer of participating interests in SC55 from Otto Energy Limited…
20 April 2018
Consent to Use Oseberg H
Petroleum Safety Authority Norway have given Statoil consent to put into commission the Oseberg H facility, which is part of the Oseberg Vestflanken 2 development on the Oseberg field.Petroleum Safety Authority Norway have previously given Statoil consent to use the Askepott jack-up facility for drilling production wells at Vestflanken 2.The…
20 April 2018
Rowan Provides Fleet Status Report Update
Rowan Companies plc announced that its report of drilling rig status and contract information has been updated as of April 18, 2018. Rowan intends to provide quarterly updates to this report in advance of earnings.Notable changes since the last report:- Rowan Resolute: Two-well contract awarded from LLOG with an estimated…
20 April 2018
BP and Reliance Sanction Second Phase of Integrated KG D6 Development
BP and Reliance Industries Limited (RIL) announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects, bringing new gas production for India.The ‘Satellite cluster’ is the second of three…
19 April 2018
Woodside First Quarter Report for Period Ended 31st March 2018
Highlights of the report are:Outstanding base business- Delivered higher quarter-on-quarter production of 22.2 MMboe and sales revenue of $1,169 million.- Achieved steady production from Wheatstone Train 1, demonstrating production rates above nameplate capacity.Delivering a clear plan across three horizons- Completed the acquisition of an additional 50% interest in Scarborough.- Nearing…
19 April 2018
Northern Offshore Services Expands into Germany and Opens an Office in Hamburg
As a step towards global presence N-O-S started a branch office in the UK in 2017 and now Germany. The office is located at the Hamburg Business Center on Poststrasse 33 and will be a natural meeting point for closer collaboration with the customers and the industry. The expansion also…
19 April 2018
Havila Shipping ASA: Contracts with Total E&P UK for PSV Vessels
Havila Shipping ASA has entered into charter contracts with Total E&P UK for the PSV vessels Havila Aurora and Havila Borg.The contracts are for a period of 3 months and optional periods for up to 30 days for each vessel.Commencement will be in May 2018. Havila Borg will be taken…
19 April 2018
Dvalin Template Load Out
The Dvalin template was loaded out from Egersund on 17th April 2018. The load out kicks off a series of Dvalin marine operations planned for the next couple of weeks. The 280 ton template was lifted from the Aker Solution yard quayside onto the TechnipFMC offshore construction vessel Deep Explorer.…
19 April 2018
Eni Announces the Approval of the Development Plan for the Merakes Discovery Offshore Indonesia
Eni announced the approval of the Plan of Development (POD) for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, offshore East Kalimantan, Indonesia. The Minister of Energy has granted the approval and Mineral Resources of the Republic of Indonesia, just 3 months after the submission…
19 April 2018
Transocean Ltd. Provides Quarterly Fleet Status Report
Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. As of today, the company’s contract backlog is $12.5 billion.This report includes the following:GSF Development Driller I – Awarded a one-well contract offshore Australia;Transocean Spitsbergen…
19 April 2018
Application Made to Convert LO 16/27 (Avalon) into a Frontier Exploration Licence
Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provided a licence update regarding Licensing Option (“LO”) 16/27 located in the southern Porcupine Basin. LO 16/27 is operated by TOTAL E&P Ireland B.V. (50.0%) on behalf of its partners, Providence Resources P.l.c. (40.0%) and Sosina Exploration Limited (10.0%),…