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12 March 2018
Total Closes the Maersk Oil Acquisition and Becomes the Second-Largest Operator in the North Sea
Total announced the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 barrels of oil equivalent per day (boe/d) in…
8 March 2018
TechnipFMC Umbilicals Completes Kaombo Project Umbilicals Supply Scope in Angola
TechnipFMC announced that the engineering, procurement, fabrication and supply of umbilicals system for the Kaombo project has been completed. The multisite project utilised the facilities of TechnipFMC Umbilicals Ltd.,TechnipFMC Umbilicals Inc. and Angoflex Ltda. The Kaombo development is located on Block 32, approximately 140 kilometers off the coast of Angola…
8 March 2018
Wave and Tidal Energy Insights Report
The global wave and tidal energy market size was valued at USD 212.7 million in 2016, growing at a CAGR of 42.5% over the forecast period. Urgent need to replace current energy sources i.e. fossil fuels such as gas, oil, and coal is a major market driver. The market is…
8 March 2018
Carnarvon: Phoenix South-3 – Rig Movement
Carnarvon Petroleum Limited provided the following update on its nearterm drilling program as advised by the operator, Quadrant Energy.The GSF Development Driller-1 semi-submersible drilling rig has commenced the final leg of its journey from Port Louis (Mauritius) to Australia on the way to drill the Phoenix South-3 well. Slower than…
8 March 2018
Hibiscus Petroleum's Joint Venture Granted 5-Year Renewal Term of the VIC/P57 Exploration Permit
Hibiscus Petroleum Berhad announced that the Australian National Offshore Petroleum Titles Administrator (“NOPTA”) has granted the VIC/P57 Joint Venture a renewal term of 5 years from 7 March 2018 to 6 March 2023 for the VIC/P57 exploration permit located in the northwest part of the offshore Gippsland Basin. The permit…
8 March 2018
Ophir: Full Year Results for the Year Ended 31 December 2017
2017 saw Ophir take important steps to adapt and right-size the business, meet key operational targets and replenish our exploration portfolio. Nevertheless, Ophir are disappointed to have not yet achieved the Fortuna project FID despite having made significant progress on the project.2017 summaryFinancial Discipline- Revenue increased 76% to $189 million…
8 March 2018
Apply Sørco signs agreement with Point Resources
Apply Sørco has signed a frame agreement with Point Resources to provide engineering, procurement, construction and installation (EPCI) services.The agreement has a duration of 5 years, plus options, and the first task include work scope associated with the upgrade of drilling systems prior to the forthcoming drilling campaign at the…
8 March 2018
Contract for CSV Normand Clipper with Bibby Offshore Limited
Solstad Farstad ASA (SOFF) has entered into a contract with Bibby Offshore Limited for the CSV "Normand Clipper" for operations in the North Sea. The contract period is 120 days firm in 2018 with options for 150 days in 2019 and 180 days in 2020.Commencement of the contract is between…
7 March 2018
Aker BP has Received Consent for Manned Underwater Operations in 2018
Aker BP has received consent from Petroleum Safety Authority Norway to perform manned underwater operations (MUO) in 2018.The underwater operations will be undertaken by Aker BP's contractor, Subsea 7.The application applies to the Alvheim, Ula and Valhall fields.The underwater operations will be carried out by the diving vessels DSV Seven…
7 March 2018
The Oil & Gas Technology Centre are Developing the Next Generation of Robotics for Oil and Gas
The Oil & Gas Technology Centre (OGTC) has invested in three robotics projects with Sonomatic and the University of Strathclyde to transform pressure vessel inspection, which costs the industry hundreds of millions each year and poses significant safety challenges.The projects were selected as part of OGTC's first Asset Integrity ‘Call…
7 March 2018
Revolutionary ‘Offset Installation Equipment’ for Well-capping Officially Launched in Italy
Oil Spill Response Limited’s (OSRL) latest development in subsea well capping technology, Offset Installation Equipment (OIE), was officially launched on Tuesday March 6th 2018 from the equipment’s new home base in Trieste, Italy.The well-attended event, which featured key figures from across the offshore industry, represented the culmination of six years’…
7 March 2018
Newfoundland Orphan Basin Exploration Drilling Project — Commencement of Environmental Assessment
The Canadian Environmental Assessment Agency has commenced a federal environmental assessment for the proposed Newfoundland Orphan Basin Exploration Drilling Project, located 350 kilometres east of St. John's, Newfoundland and Labrador, in the Atlantic Ocean.Following a public comment period on the summary of the project description, the Agency has determined that…
7 March 2018
Carnarvon Petroleum Limited Provides Buffalo Project Update
Carnarvon Petroleum Limited provided the following update regarding the status of the UNCLOS Compulsory Conciliation Proceeding between Australia and The Democratic Republic of Timor-Leste.The Australian and Timor-Leste Governments signed the treaty establishing their maritime boundaries in the Timor Sea (“Maritime Boundary Treaty”). The Treaty will enter into force when Australia…
7 March 2018
Offshore Ship Designers Unveils New Series of Ice Class Vessel Designs
Offshore Ship Designers (OSD) has unveiled a new series of Ice Class vessel designs. The new designs are especially suited for marine services around the development of new arctic ports, terminals and offshore structures. A prerequisite for this type of vessel, operating under arctic circumstances, is the ability to deal…
7 March 2018
Decommissioning of Jacky Wellhead Platform
Ithaca Energy are applying for approval to decommission the Jacky Wellhead Platform.Jacky is a low GOR Oil reservoir lying in block 12/21c of the UK sector of the Central North Sea, and was proven by the drilling and testing of the 12/21c-6 appraisal well in May 2007. Jacky Field was…
6 March 2018
EDS HV Group Successfully Completes Scope of Work at Rampion
High voltage engineering specialist, EDS HV Group (EDS), now part of the UK’s leading marine services company – James Fisher and Sons plc, has successfully completed its scope of work for cable termination and testing works at the Rampion Offshore Wind Farm. EDS worked as a tier 1 contractor on…
6 March 2018
McDermott Awarded Detailed Engineering and Long Lead Procurement for the BP Cassia C Compression Platform
McDermott International, Inc. announced it has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 40 miles (65 kilometers) off the southeast coast of Trinidad and Tobago.The contract follows McDermott’s award for the engineering,…
6 March 2018
Triangle Energy Ltd Provides an Operations Update on its Cliff Head Oil Field Assets.
Triangle’s Managing Director Mr Rob Towner said the Company had activated a comprehensive forward works program to upgrade reserves in the Cliff Head field. He said the Company was in the process of remodelling the subsurface Cliff Head reservoir to identify previously undrained sections of the field and that it…
6 March 2018
Statoil Enters Offshore Wind in Poland
Statoil has signed an agreement with Polenergia to acquire a 50 % interest in the two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII).The two projects have a planned capacity of 1200 MW with the potential to power more than 2…
6 March 2018
PETRONAS Announces Deepwater Oil and Gas Discovery Offshore Gabon
PETRONAS’ subsidiary, PC Gabon Upstream S.A. (PCGUSA) announced new oil and gas discovery from its Boudji-1 exploration well in Block F14 (Likuale), located in South Gabon. The ultra-deepwater exploration well, drilled in water depths of 2,800 metres, encountered 90 metres of gross high quality hydrocarbon-bearing pre-salt sands.The discovery marks a…
6 March 2018
Petroleum Safety Authority Norway: Audit of Spirit Energy – the Oda Field
The Oda field is in the southern part of the Norwegian sector of the North Sea, 10 kilometres east of Ula. The field is in development and will use a subsea template with two production wells tied back to the Ula field and an injection well for pressure support.Oda is…
6 March 2018
Oceaneering Acquires Ecosse Subsea Limited
Oceaneering International, Inc. announced that one of its wholly owned subsidiaries has acquired Ecosse Subsea Limited, a provider of offshore engineering, seabed preparation, route clearance and trenching services to the renewable energy and oil and gas industries, for approximately 50 million pounds sterling.Headquartered in Aberdeen, Scotland, Ecosse builds and operates…
5 March 2018
Energean Israel Signs US$1.275bn Facility Agreement with Four International Banks to Finance the Karish Development Project
Energean Oil & Gas announced that Energean Israel has signed a secured Senior Credit Facility (the “Facility Agreement”) of up to US$1.275 billion with Morgan Stanley, Natixis, Bank Hapoalim and Societe Generale as Mandated Lead Arrangers.The Facility Agreement will be the primary source of funding for the development of the…
5 March 2018
KW Designed Solutions strengthen Their Ongoing Relationship with Siemens Subsea with a Contract for a Second Pressure Vessel
In continuing their ongoing relationship with Siemens Subsea at their Subsea Excellence Centre, Ulverston, Cumbria. KW Designed Solutions have been awarded a contract for the supply of a second pressure vessel. This new pressure vessel will accompany the existing range of subsea electrical testing pressure vessels, previously supplied by KW…
5 March 2018
Reach Subsea Secures Subsea Vessel Olympic Challenger
Reach Subsea has entered into an agreement with Olympic Subsea for use of the subsea vessel Olympic Challenger for 2 years, with an option to extend for 1 year. The commercial terms of the charter agreement are confidential between the parties, but is structured in a way that enables Reach…
5 March 2018
Anadarko Announces Approval Of Mozambique LNG Development Plan
Anadarko Petroleum Corporation announced it has received official approval from the Government of Mozambique for the Golfinho/Atum Field Development Plan. The Development Plan outlines the integrated onshore project from the reservoir to the LNG market and is a culmination of the substantial progress made to date on the technical and…
5 March 2018
IMCA Jones Act Update
The International Marine Contractors Association (IMCA) has updated the US Gulf of Mexico vessel data associated with its authoritative study ‘Marine Construction Vessel Impacts of Proposed Modifications and Revocations of Jones Act Letters Related to Offshore Oil and Natural Gas Activities” submitted to the US Customs and Border Protection agency…
5 March 2018
Oil Discovery North of the Bøyla Field in the North Sea - 24/9-12 S and 24/9-12 A
Aker BP ASA, operator of production licence 340, has completed the drilling of wildcat well 24/9-12 S and appraisal well 24/9-12 A, which was drilled 850 metres southwest of the discovery well, 24/9-12 S. The wells were drilled about two kilometres north of the Bøyla field, 26 km southwest of…
5 March 2018
Extra 2.8 billion Barrels Identified in OGA’s Projections to 2050
Oil and gas production over the period 2016–2050 is now projected to total 11.7 billion barrels of oil equivalent (boe) according to new projections from the Oil and Gas Authority.The “Projections of UK Oil and Gas Production and Expenditure” report published on the 1st of March 2018, includes an updated…
5 March 2018
Lundin Norway AS Receives Consent for Exploration Drilling in the North Sea
The Petroleum Safety Authority in Norway has given Lundin Norway AS (Lundin) consent to drill an exploration well in block 16/1 in the North Sea.Exploration well 16/1-28 S belongs to production licence 338 in the North Sea. Drilling is scheduled to begin in March 2018 and will last around 110…
2 March 2018
Maersk Supply Service Completes First Project with its New Stingray-class SSV Maersk Installer
Maersk Supply Service has successfully completed the first contract for one of its Stingray-class new-build subsea support vessels, Maersk Installer, with McDermott.Maersk Installer joined the project in January 2018,supporting the Vashishta development off the East Coast of India.This is part of an ongoing development project by India's largest oiland gas…
2 March 2018
United Oil & Gas Plc Update on Walton-Morant Licence
United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce the completion of the farm-in and the transfer of the 20 per cent. interest in the Walton-Morant Licence, offshore Jamaica from Tullow Jamaica Limited to UOG.more
2 March 2018
A.P. Moller - Maersk receives regulatory approval from Danish Energy Agency for the divestment of Maersk Oil
The Danish Energy Agency has issued its approval of A.P. Møller - Mærsk A/S’ [A.P. Moller – Maersk’] sale of Mærsk Olie & Gas A/S [Maersk Oil] to global oil major Total S.A. [Total], including the conditions for such a transfer.As part of the agreement Total will take over Maersk…
2 March 2018
West Phoenix to drill in UK and Norway
Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.The contract is awarded to the two Seadrill companies North Atlantic Drilling UK Ltd. and North Atlantic Norway Ltd. The semi-submersible rig West Phoenix will first…
2 March 2018
PSA Norway Diving Report for 2017
There were no incidents, personal injuries or hazard situations reported in 2017, during saturation diving for petroleum activities. There have been relatively few personal injuries associated with saturation diving as part of these activities in the last 25 years.more
1 March 2018
Add Energy and Trendsetter's Cutting Edge Well Control Hardware is Contracted by Major Operator
1 March 2018
Total, Edison Get Greek Go-Ahead for Oil and Gas Exploration
Licences for four blocks - one offshore and three on land - were awarded in 2016 but had to be ratified by parliament for exploration work to begin.Total has shown interest in the eastern Mediterranean following major gas discoveries off Israel and Egypt. It is currently drilling for oil off…
1 March 2018
Bibby Offshore Successfully Compeltes Multi-Million-pound Contract for BP North Sea
The scope included control system low insulation resistance diagnostics and component replacements, manual valve operations and ROV inspection works at BP’s Bruce platform, which is located 44 kilometres south of Rhum.The project was also supported by an onshore engineering team to meet urgent client needs.
1 March 2018
Subsea 7 Announces Agreement to Acquire SIEM Offshore Contractors and Two Vessels
The initial consideration is EUR 140 million subject to adjustments for working capital and net cash in Siem Offshore Contractors and a deferred contingent consideration, based on the contracted volume of work achieved in each year up to 2024, which is not expected to exceed EUR 40 million over the…
28 February 2018
AGR set to execute Subsea Well Intervention for Northern Oil & Gas Australia (NOGA)
AGR Australia has entered the final stages of planning for the Northern Oil & Gas Australia (NOGA) subsea well intervention in the Laminaria field, located in the Timor Sea, offshore Australia.The project, which is due to be carried out in April/May this year using the Stena Clyde MODU, has been…
28 February 2018
Drilling permit for well 7220/11-5 S in production licence 609
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 7220/11-5 S, cf. Section 15 of the Resource Management Regulations.Well 7220/11-5 S will be drilled from the Leiv Eiriksson drilling rig in position 72o01' 21.08" north and 20o29' 21.15 east.The drilling programme for well 7220/11-5…
28 February 2018
Polarcus receives LOI for 3D project in Central America
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has received a Letter of Intent ("LOI") from an undisclosed client for a broadband 3D marine seismic acquisition project in Central America.The project is due to commence in Q2 2018 and will run for approximately…
28 February 2018
Beehive (WA-488-P) Permit Update
Melbana Energy Limited (‘Melbana’ or the ‘Company’) (ASX: MAY) is pleased to announce that it has been notified by the National Offshore Petroleum Titles Administrator (“NOPTA”) of the approval of its application to vary the WA-488-P (Melbana 100%) work program by suspending and extending Permit Year 2 by 6 months…
28 February 2018
Chariot Update: Mobilisation of the Saipem 12000 drillship to drill the RD 1 well, Morocco
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that the Saipem 12000, a sixth generation ultra-deepwater drillship, has commenced its mobilisation to drill the RD-1 well on the Rabat Deep Permits in Morocco (Eni Maroc B.V. 40% (operator),…
27 February 2018
Aker Solutions Wins Subsea Order for Nova Project
The system will consist of two templates with manifolds, seven subsea trees including one spare, umbilicals and associated tie-in and controls equipment for Nova. The order includes installation and commissioning support services. Work for Nova starts immediately and involves facilities in Norway, the UK and Malaysia. Final deliveries are scheduled…
27 February 2018
Bibby HydroMap Invests in New Autonomous Survey Technology
Bibby HydroMap, one of the leading providers of hydrographic and geophysical surveys in the UK and Northern Europe, have partnered with iXblue to bring DriX, a new autonomous unmanned surface vessel (AUSV), to the European market.Specifically designed with a revolutionary hull shape optimized for both coastal and offshore missions, and…
27 February 2018
Emerson Completes Major Multi-Million-Dollar Project for BP North Sea
Emerson has served as the main automation contractor (MAC) for the Glen Lyon, which is expected to produce 130,000 barrels of oil a day at plateau.Its construction and commissioning was central to BP’s multi-billion-dollar Quad 204 project, which involved the redevelopment of the Schiehallion and Loyal fields to target 450…