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19 March 2018
Bibby Offshore/Rever Merger Creates Significant Value and Flexibility for Clients
Fara Holdco Limited, owners of the Bibby Offshore group of companies, announced a merger with Rever Offshore AS. Rever’s subsidiaries include CECON Contracting AS – a lean and efficient international subsea and offshore contractor with emphasis on smaller and medium size projects, as well as two vessel companies which own…
19 March 2018
Lamprell and GustoMSC Join Forces to Develop LJ43 Drilling Jackup Rig Design
Lamprell announced its exclusive collaboration with GustoMSC to develop the Lamprell Jackup-43 (LJ43) jackup rig design, creating an advanced drilling rig with the highest level of safe, efficient and reliable drilling capabilities. The LJ43 drilling rig will combine Lamprell’s system integration capability, detailed engineering expertise and construction experience with the…
19 March 2018
Jumbo Appoints Huisman for Pioneering Offshore Mast Cranes
Jumbo recently made a formal investment decision to appoint Huisman Equipment BV for the provision of the design and construction of two offshore mast cranes for their new DP2 Heavy Lift Crane Vessel (HLCV) to be delivered in the first quarter of 2020.The main crane of the HLVC will have…
19 March 2018
Total Consolidates its Strategic Partnership with ADNOC by Being Awarded Participating Interests in Two New 40-year Offshore Concessions
Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC). In the frame of these agreements, Total is granted a 20% participating interest in the new Umm Shaif & Nasr…
19 March 2018
Eni Announces Start-up of Oil Production from Ochigufu Field in Offshore Angola
Eni and Sonangol have started oil production from the Ochigufu project, in Block 15/06 of Angola’s deep offshore. The field will add 25,000 barrels to the current production levels.The Ochigufu field is located in 1300 m of water depth in Angola’s deep offshore, at approximately 150 km west from Soyo…
19 March 2018
PVEP and Murphy Sign Farm-in Agreement on Block 15-1/05
PVEP, a subsidiary of the national oil and gas group PVN, has signed an agreement to transfer 5% of its drilling and executive rights, at Block 15-1/05 off the coast of Vietnam, to the Murphy Oil Corporation.According to PVEP, Block 15-1/05 belongs to the Cuu Long Basin under the operation…
16 March 2018
Xodus Delivers Tunisian Decommissioning Study for TPS
Xodus Group has delivered a decommissioning and abandonment study for wells, surface and subsea facilities in Tunisia on behalf of Thyna Petroleum Services (TPS). Xodus developed a decommissioning cost estimate for four onshore fields, one offshore field and two onshore storage and processing sites. The six-week study provided a high-level…
16 March 2018
CGG Adds New Santos VIII Multi-Client Survey to it's Unique Regional Broadband Coverage Offshore Brazil
CGG has commenced acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VIII is the most recent survey in CGG’s vast on-going pre-salt program that delivers ultramodern seismic data, enabling exploration companies to better evaluate pre-salt opportunities in advance of Brazil’s…
16 March 2018
BP Technology Outlook 2018
BP today published the second edition of the BP Technology Outlook. The report considers the potential impact of advances in technology throughout the global energy system to 2050, without predicting policy. It explores five areas where BP believes technology can play a game-changing role: Energy efficiency; digital; renewable power; energy…
16 March 2018
Staatsolie and Cairn Energy Negotiating Production Sharing Contract
Staatsolie and the UK-based company Cairn Energy are negotiating a production sharing contract (PSC) for a block in offshore Suriname. Cairn was one of the companies that showed interest during the period in which interested parties had the opportunity to make a bid for a block in Suriname’s open offshore…
16 March 2018
Rockrose Energy plc: Update on Incremental Development Projects
RockRose Energy plc. announced that it has commissioned two reports: - RockRose has commissioned ERC Equipoise to evaluate both the existing upside potential within the Blake field (30.82%) and, the nearby Tain satellite discovery (50%), with a view to inform FID on Tain development. - RockRose has also commissioned an…
16 March 2018
OMV Acquires Shell’s Upstream Business in New Zealand
OMV, the international integrated oil and gas company based in Vienna, has agreed to acquire Shell’s Upstream business in New Zealand comprising joint venture interests in Pohokura (48%), the largest gas producing field in New Zealand, and Maui (83.75%) as well as related infrastructure for production, storage and transportation.OMV is…
16 March 2018
Petroleum Safety Authority Give Consent to Use Maersk Interceptor on the Oda field
Spirit Energy has received consent to use the Maersk Interceptor mobile drilling facility to drill production wells on the Oda field.Oda belongs to production licence 405, and is currently in development. The field is in the southern part of the Norwegian sector of the North Sea, ten kilometres east of…
16 March 2018
Lamprell Update on Joint Venture in Saudi Arabia
Lamprell provides an update on its participation in the joint venture (JV) with its partners, Saudi Aramco Oil Company, the National Shipping Company of Saudi Arabia, and Hyundai Heavy Industries Co. Ltd., for the establishment of the major maritime yard at the Ras Al Khair site in eastern Saudi Arabia.In…
15 March 2018
McDermott and CB&I Announce Conclusion of Competition Authority Reviews for Proposed Combination
McDermott International, Inc. and CB&I announced that the companies have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all the required competition authority approvals for the transaction.McDermott and CB&I agreed to combine in an all-stock transaction to create a premier vertically…
15 March 2018
Prysmian Will Invest in a New Laying Vessel for Submarine Cables
Prysmian Group, world leader in the energy and telecom cable systems industry, announced an investment in excess of €170 million in a new cutting-edge cable laying vessel. This strategic asset will bolster Prysmian’s turnkey approach, under which it delivers end-to-end EPCI projects, from engineering, manufacturing and installation to full monitoring…
15 March 2018
New Contracts to Simon Møkster Shipping's Stril Server
Møkster is proud to announce two new contracts for Walk-to-Work projects in the renewables market.1) Van Oord has awarded a contract that will start in April and duration is about 2 months plus options. 2) VBMS has awarded a contract that will start in August and duration is about 2…
15 March 2018
Aker BP has Awarded Endúr Fabricom Contract for Mechanical Maintenance
Aker BP ASA has awarded Endúr Fabricom a 3-year framework agreement for the delivery of Mechanical Maintenance Services covering all of Aker BP’s installations on the Norwegian Continental Shelf.Endúr Fabricom is very pleased with the award and prides itself on the trust Aker BP shows the company with this contract.…
15 March 2018
Morocco: Eni spuds Rabat Deep-1 well, offshore Morocco
JV partner Chariot Oil & Gas, the Atlantic margins focused oil and gas exploration company, has announced that the Saipem 12000, a sixth generation ultra-deepwater drillship, has commenced drilling the Rabat Deep-1 well (RD-1) on the Eni-operated Rabat Deep Permits offshore Morocco (Eni Maroc 40% (operator), Woodside Energy (Morocco) 25%,…
15 March 2018
Noble Energy Closes Sale of 7.5 Percent Working Interest in Tamar
Noble Energy, Inc. announced the closing of the previously announced divestment of a 7.5 percent working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. Noble Energy remains operator of the field with a 25 percent working interest.
15 March 2018
Subsea 7 Awarded Conventional Contract
Subsea 7 S.A. today announced the award of a sizeable contract for a Conventional project, in shallow water, with offshore execution planned for 2019. No further details are disclosed at this time due to contractual obligations.
15 March 2018
Statoil to Change Name to Equinor
The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company.The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium, and “nor”, signalling…
15 March 2018
BW Offshore: Petrobras Declares FPSO Cidade de São Mateus Option
BW Offshore has received notice from Petrobras of the exercise of a one-year extension of the contracts relating to the FPSO Cidade de São Mateus.BW Offshore will continue its dialogue with the client towards finalising a firm plan for the FPSO. The FPSO Cidade de São Mateus remains in lay-up.
15 March 2018
Bibby Offshore Scores Hat-Trick with Supermajor
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced three individual multimillion pound contract wins with an oil and gas supermajor.The initial contract will see Bibby Offshore complete riser replacement works including a production/test riser and riser buoy connector pipe changeout at one of…
15 March 2018
Corinth Pipeworks Bags Subsea 7 Order for Skogul and Aerfugl
Corinth Pipeworks has secured two orders with Subsea 7 to manufacture and supply steel pipes for Skogul and Aerfugl projects in the Norwegian Sea.The orders cover polypropylene coated steel outer pipes for pipe-in-pipe flowlines for the two subsea tie-back projects to the floating production and offloading units (FPSOs) operated by…
15 March 2018
Wescott Industrial Services Finish Beatrice Preparation Work
Jarrow-based Wescott Industrial Services have ensured that the two Offshore Transformer Modules (OTM) which will become a crucial part of the Beatrice Offshore Wind Farm were ready for installation in the New Year after a gruelling five month contract at Methil which saw a crew of some 44 blasters and…
15 March 2018
Largest Construction Ever Shipped via the Port of Gothenburg
A huge offshore accommodation module has been loaded at the outer port area. The eight-storey construction is currently standing on a barge awaiting transport to an oil rig in the North Sea. The object that was shipped via Gothenburg Roro Terminal in Arendal is the largest ever.The construction process began…
15 March 2018
Qatar Petroleum Announces the Signing of a Concession Agreement with the Emirate of Abu Dhabi for the Continued Development and Operation of Al-Bunduq Offshore Oil Field
Qatar Petroleum signed a concession agreement with the Abu Dhabi Supreme Petroleum Council (on behalf of the Government of Abu Dhabi), Abu Dhabi National Oil Company (ADNOC), United Petroleum Development Co Ltd (Japan), and Bunduq Company Limited (operator) for the continued development and operation of the shared Al-Bunduq offshore oil…
14 March 2018
Wood Secures Three Contracts with Woodside in Senegal
Wood has been awarded three contracts to perform subsea and flow assurance studies for Woodside in Senegal, West Africa, supporting the proposed SNE Field Development in the Rufisque, Sangomar and Sangomar Deep Offshore blocks located offshore Senegal.Delivered by Wood’s technical experts in Australia and the UK, the contracts cover three…
13 March 2018
Solstad Farstad ASA: Extension of Contract with TechnipFMC
Solstad Farstad ASA (SOFF) and TechnipFMC have agreed to extend the Frame Agreement covering the provision of vessels for ploughing and trenching operations for one year. The Frame Agreement is now valid until 31st December 2019.
13 March 2018
Misc Berhad Celebrates the Naming Ceremony of it's FSO Benchamas 2 Project
MISC Berhad (MISC, a world leading energy related maritime solutions and services provider today held the naming and delivery ceremony of its new Floating, Storage & Offloading (FSO) facility for Chevron Offshore (Thailand) Limited (COTL), the FSO Benchamas 2. The project marks MISC’s maiden foray into Thailand’s offshore Oil &…
13 March 2018
W&T Offshore was Successful Bidder to Acquire an Interest in the Heidelberg Field in the Gulf of Mexico
W&T Offshore, Inc. announced that it was the successful bidder on an interest in three blocks in the Heidelberg field in the Gulf of Mexico offered in connection with the Chapter 11 bankruptcy proceedings of Cobalt International Energy, Inc. and its subsidiaries. The successful bid covers all of Cobalt's interest…
13 March 2018
Oroco Field Operational Update: Mobilisation of Rig for Ororo Field Drilling Program
Sirius Petroleum, the Nigeria focused oil and gas development and production company, is pleased to announce that the Company’s international rig partner COSL has now received preliminary Location Approval from the Marine Warranty Surveyor for the Ororo-2 and Ororo-3 wells and has commenced mobilisation of the jack-up rig for delivery…
13 March 2018
BP Selects McDermott and BHGE for Subsea Contracts for West African Tortue/Ahmeyim Development
McDermott International, Inc. and Baker Hughes, a GE company (BHGE) today announced the selection of front-end engineering design (FEED) studies in advance of a substantial* engineering, procurement, construction and installation (EPCI) contract for BP’s Tortue/Ahmeyim Field Development, a major gas project located on the maritime border of Mauritania and Senegal.During…
13 March 2018
Statoil Investing in Askeladd
Statoil and its partners have decided to invest just over NOK 5 billion in the further development of the Snøhvit field in the Barents Sea, which will provide feedstock for the LNG plant at Melkøya in Hammerfest. The development of Askeladd is part two of the multi-phased Snøhvit development.The Askeladd…
13 March 2018
BP Chooses KONGSBERG to Build Dynamic Simulator for Mad Dog Phase 2
BP has awarded Kongsberg Digital a milestone contract to design, engineer, build, install, and perform acceptance testing of a sophisticated digital twin. In this case, it is a custom-built multi-purpose dynamic simulator (MPDS) for the Mad Dog Phase 2 project in the Gulf of Mexico.KONGSBERG’s digital twin models will be…
13 March 2018
EGS Continues its Commitment with Chevron in the Gulf of Thailand
EGS Group has signed a three-year contract with Chevron Thailand Exploration & Production, Ltd. to undertake offshore geophysical data acquisition services in the Gulf of Thailand. As part of its commitment, EGS will carry out the provision of high quality geophysical survey services to support Chevron’s offshore development.
13 March 2018
Flowline Award for Magma Global for Tullow Oil's TEN Project
Tullow Oil subsidiary, Tullow Ghana Limited, has awarded a 2.5km flowline to Magma Global for its TEN project in Ghana.The 6 inch spoolable carbon composite m-pipe® will be deployed from a 10m diameter reel with a 20-ton tensioner, and the total weight of pipe and deployment package is under 100…
12 March 2018
Awilco Drilling PLC: Contract Signed with KeppelFELS for the Building of New Semi Submersible Drilling Rig
Awilco Drilling PLC announced that its fully owned subsidiary Awilco Rig 1 Pte. Ltd. on 9 March 2018, signed a contract with KeppelFELS shipyard in Singapore for the building of one new CS60 ECO MW semisubmersible drilling rig. The rig is designed for harsh environment use, and will be equipped…
12 March 2018
Drilling Permit for Well 34/8-19 S in Production Licence 120
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 34/8-19 S, cf. Section 15 of the Resource Management Regulations.Well 34/8-19 S will be drilled from the Deepsea Atlantic drilling facility at position 61°26'6.84"N and 2°35'24.37"E after completing the drilling on the Johan Sverdrup field.The drilling…
12 March 2018
Woodside to Operate Scarborough
Woodside and BHP have entered into an agreement in relation to the proposed development of the Scarborough gas field (“Scarborough Development”).Under the agreement: - BHP waives its right of pre-emption and provides its consent to the sale by ExxonMobil to Woodside of its 50% interest in WA-1-R and the Scarborough…
12 March 2018
Eni Sells to Mubadala Petroleum a 10% Stake in the Shorouk Concession, Offshore Egypt
Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10% stake in the Shorouk concession, offshore Egypt, where Zohr's super-giant gas field is located. Eni, through its subsidiary IEOC, currently holds a 60% stake, while the other partners are Rosneft with 30%…
12 March 2018
Eni Establishes a Long Term Presence in UAE Acquiring a Stake in Two Offshore Producing Concessions
Eni signed today in Abu Dhabi two Concession Agreements for the acquisition of a 5% stake in the Lower Zakum offshore oil field and of a 10% stake in the oil, condensate and gas offshore fields of Umm Shaif and Nasr, for a total participation fee of about 875 million…
12 March 2018
Subsea 7 Awarded Contract Offshore Azerbaijan
Subsea 7 S.A. announced the award of a substantial contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan. Under the terms of this five year agreement, the scope of work comprises the…
12 March 2018
ROV Sales for Forum in Russia and Norway
Forum Subsea Technologies a subsidiary of Forum Energy Technologies, Inc. has announced a strong start to the year with three recent sales awards in Russia and Norway. The deals will see the firm supplying four of its Remotely Operated Vehicles (ROVs) to academia and the aquaculture industry. These wins are…
12 March 2018
Saudi Aramco Participates in UK-Saudi CEO Forum in London and Signs MoUs and Commercial Agreements
Saudi Aramco today participated in the UK-Saudi CEO Forum held in London to promote bi-lateral business and cooperation between the two countries. The forum was scheduled to coincide with the official visit to the UK by HRH Crown Prince Mohammed bin Salman and saw Saudi Aramco sign a number of…
12 March 2018
Half of TurkStream Offshore Section Installed
50% of the offshore section for the TurkStream Offshore Gas Pipeline has been installed. As of 6th March 2018, over 930 kilometer of pipeline has been laid in total on the seabed of the Black Sea, divided over two strings. Pioneering Spirit, the vessel responsible for the deep-water sections of…
12 March 2018
Africa Oil Completes Investment in Impact Oil and Gas
Africa Oil Corp. announced that it has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa.In connection with the Investment, the Company issued 13,946,545 common shares in the capital of the Company to Helios Natural Resources…
12 March 2018
Wintershall with Profit Jump
BASF's Wintershall subsidiary has presented significantly improved results for 2017. After strong increases in previous years, CEO Mario Mehren expects Wintershall to set a new production record for 2018 by commissioning of new production in the established production regions, and thereby considerably increasing sales and EBIT before special items. In…
12 March 2018
Serica Energy plc Operations 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, provided an operations update.UK North Sea Erskine FieldAs announced on 22 January and 29 January a blockage occurred on the Lomond to…