Search News

27 February 2018

Deep Sea Mooring Commences Offshore Trinidad Project for Maersk Drilling

In addition to the DSM contract, Vryhof Anchors will also deliver its recently launched drag embedment anchor - the STEVSHARK®REX – to the project. The anchor has a holding power of up to 47% more than previous anchors and can be used in all hard soil conditions. “Today’s announcement is…

27 February 2018

Ocean Rig UDW Inc. Announces New Drilling Contract for the Ocean Rig Poseidon

Ocean Rig UDW Inc. (NASDAQ:ORIG), (“Ocean Rig” or the “Company”), an international contractor of offshore deepwater drilling services, today announced that it has signed a new drilling contract with Tullow Namibia Ltd., for a one-well drilling program plus options for drilling offshore West Africa. The contract is expected to commence…

27 February 2018

Renewal of Exploration Right for Block 2B Offshore South Africa

Jan Maier, Africa Energy's VP Exploration, commented, "We are excited to receive notice about the renewal of the Exploration Right for Block 2B so that we can commence operations for the second exploration period. We have recently identified additional prospectivity and potential drilling locations on Block 2B using the previously…

27 February 2018

First Well Spud at Oseberg Vestflanken 2

The project has therefore invested in a drilling simulator on board Askepott.“This will be a useful tool both for getting familiar with the drilling equipment prior to drilling operations, and to practise after a period off. The simulator is expensive, but I am positive that this will pay off through…

26 February 2018

Contract for CSV Normand Flower with Fugro Netherlands Marine BV

Solstad Farstad ASA (SOFF) has entered into a contract with Fugro Netherlands Marine BV for the CSV, Normand Flower, for operations in North European waters. The contract period is 6 months firm. Commencement of the contract is end March 2018. “We experience an increasing demand for CSV tonnage in the…

26 February 2018

SK Innovation announces Oil Discovery in the South China Sea

SK Innovation (CEO Jun Kim, www.SKinnovation.com) announced on February 21, 2018 that it made oil discovery in the PRMB block 17/03 in the South China Sea.This marks SK Innovation’s first discovery in the area since its decision to push forward with offshore oil exploration projects as an operator in the…

26 February 2018

Upland Interim Results for 6 month period from 1 July to 31 Dec 2017

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to announce its interim results for the six month period between 1 July 2017 and 31 December 2017. The Company continued to make excellent progress in the second half of…

26 February 2018

PETRONAS joins FAR to drill offshore The Gambia

FAR Ltd has signed a Farm-out Agreement (“FOA”) with a subsidiary of Petroliam Nasional Berhad (“PETRONAS”) to assign a 40% interest in each of the highly prospective offshore petroleum licences, Blocks A2 and A5 in The Gambia. FAR is to retain a 40% interest in each of the licences.more

26 February 2018

GE and Noble Link up the World’s First Digital Rig, Moving towards Digitizing Marine Operations Excellence and Analytics Based on Predictive Models

Following the partnership formed by GE (NYSE: GE) and Noble Corporation plc (NYSE: NE), the two companies launched the world’s first digital drilling vessel, targeted to achieve 20 percent operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock the immense…

23 February 2018

Schlumerger and Subsea 7 Announce Intent to Form a Joint Venture

To help reduce the total cost of ownership and enhance customer efficiency throughout the asset lifecycle while maximizing total production, the proposed joint venture will further strengthen the front end engineering, design and execution of integrated projects, and will build on the expertise from both companies creating a unique Life…

23 February 2018

Dril-Quip Awarded Contract for Repsol's Ca Rong Do Project

23 February 2018

Maersk Oil & Gas Awards The Teg & Teh Jackets for the Tyra Future Development Project to Dragados Offshore, S.A.

Dragados Offshore’s scope of work includes Project management, HSEQ management, procurement, construction (ePC), preservation, preparation for sail-away including load-out, sea-fastening and handover of the Tyra Jackets TEG (Jacket for the Process and Utility Platform) and TEH (Jacket for the Accommodation Platform).The weight of the TEG Jacket is approximately 6.300 tons…

23 February 2018

EIA Scoping Report Submitted for the Pembrokeshire Demonstration Zone

The Pembrokeshire Demonstration Zone is an offshore site leased by The Crown Estate to WHL for the deployment of large scale wave energy arrays. The site is 90 sq km, located approximately 15km off the South Pembrokeshire coastline and the proposed onshore grid connection is at Pembroke Dock Power Station.…

23 February 2018

SM71 Update: F1 Well Completion Operations Conclude Successfully

Final piping and instrumentation work on the SM71 F platform is nearing completion.Production start-up is targeted for mid-March. It is anticipated that the three wells will utilise a high percentage of the SM71 F Platform’s oil and gas production capacity.Byron will issue progress reports regarding the ongoing completion operations at…

23 February 2018

Borr Drilling Limited Continues to Consolidate the Jack-Up Drilling Market with the Acqusition of Paragon Offshore Limited

The acquisition will be financed through cash on balance sheet and issuance of equity and/or debt instruments. Borr currently has authorisation to issue 46.7 million shares within its current mandate. The Board of the Borr has approved the transaction and major shareholders have expressed support for the deal. The acquisition…

23 February 2018

Consent to use Songa Equinox

The drilling operations are scheduled to begin in April and are expected to last 80 days.Songa Equinox is a semi-submersible drilling facility, operated by Songa Offshore.The Troll field is located around 65 kilometres west of Kollsnes in Hordaland County and is the largest gas discovery made in the North Sea.

23 February 2018

Consent to use Songa Endurance

The drilling operations are scheduled to begin in March and are expected to last 43 days.The Troll field is located around 65 kilometres west of Kollsnes in Hordaland County and is the largest gas discovery made in the North Sea.

22 February 2018

Panoro Energy: Contingent Resources Updated at Dussafu

Panoro Energy ASA is pleased to report that, further to the announcement made on 8 January 2018 regarding the updated preliminary report on oil reserves from independent reserves auditor Netherland Sewell & Associates Inc. (“NSAI”) of the Tortue Field, NSAI has now completed its work and re-confirmed the estimates previously…

22 February 2018

Change of N-Seatec Subsea Systems B.V. Ownership

N-Seatec announced that the ownership of N-Seatec Subsea Systems BV has been changed and will continue under the new name “Seatec Subsea Systems BV”.After 6 years of operating under the N-Sea group the company are confident that the interest of their stakeholders will benefit from Seatec being a fully independent…

22 February 2018

ALP Maritime Services Selected as Single Provider of Towage and Heading Control Services for the Kaombo Project

ALP Maritime Services announced that the company has been selected by INTEROIL/SAIPEM to provide a spread of five vessels to perform tow assistance and heading control services for the KAOMBO project.ALP’s project services include tow-assist operations from South East Asia to West Africa, by two of ALP’s 300ts Bollard Pull…

22 February 2018

Sparrows Group Re-awarded Two Five-year Contracts from TAQA

Sparrows Group has been re-awarded two five-year contracts with TAQA to deliver crane operations, maintenance, rigging loft and fixed lifting inspection services to its UK Continental Shelf (UKCS) assets.The first contract will see Sparrows provide comprehensive crane operations and maintenance services covering all mechanical, HVAC, electrical, hydraulic, pneumatic, instrumentation and…

22 February 2018

Eco Announces Guyana Operations Update

Eco (Atlantic) Oil & Gas Ltd., provided an operations update on its Orinduik Block offshore Guyana. Eco (Atlantic) Guyana Inc., the Company’s subsidiary, currently holds a 40% Working Interest (“WI”), and Tullow Oil, Operator, holds a 60% WI.- Eco and Tullow have identified leads on the Orinduik Block with the…

22 February 2018

Fugro Returns to China for Gas Hydrate Research Project in Further GMGS Contract

Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately US$ 40 million and the project is expected to commence in the second quarter of 2018.This is the…

22 February 2018

Noble Energy Awards Schlumberger Contract for Process Solution

Schlumberger announced the award by Noble Energy of an engineering and supply contract for a two-thousand-ton single-lift process module to be installed on the Leviathan Platform in the Eastern Mediterranean.The scope of the contract includes pretreatment, salt removal and regeneration of monoethylene glycol (MEG) for reinjection in the subsea flowlines…

22 February 2018

Brazil Regulator Approves 14 Companies to Bid in Upcoming 15th Round

Brazil's regulator, ANP, has announced that the Special Bidding Committee (CEL) has analysed the companies that requested to be registered in the 15th Round of Bids. A total of 14 companies had applications for registration judged and approved by CEL. Of these companies, 12 are of foreign origin. The bidding…

21 February 2018

IOG: Corporate and Funding Update

Independent Oil and Gas plc, the development and production focused Oil and Gas Company, provided the following financial, operational and Board update.£10 million convertible loan facility (the “New Facility”) successfully signed with existing lender London Oil and Gas Limited (“LOG”).- Subject to shareholder approval, convertible into ordinary shares of 1p…

21 February 2018

ALE Completes 20,000t Load-outs in South Korea

ALE has loaded-out two modules weighing a combined weight of over 20,000t for the Martin Linge platform project in South Korea.The global heavylifting provider was contracted to perform both the weighing and load-out operations for the utility and process modules of the platform.ALE’s specialist division, ALE-Offshore Services, executed the weighings…

21 February 2018

SMST Gangway Assists Jacket Installation by Olympic Taurus

Olympic Subsea ASA has rewarded SMST a rental contract for their motion compensated gangway, including stacking modules for working on height. The Telescopic Access Bridge M-Series will be installed on board of Olympics’ Multipurpose Offshore Vessel, Olympic Taurus, to assist the Jacket installations in the East Anglia ONE Offshore windfarm.…

21 February 2018

Anadarko Announces Mozambique LNG Sale And Purchase Agreement

Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG Sale and Purchase Agreement with Électricité de France, S.A., (EDF). The off-take agreement calls for the supply of 1.2 million tonnes per annum for…

21 February 2018

MX Oil plc: Placing and Update on the Aje Field

MXO plc, the oil and gas investing company listed on AIM, announced that it has raised £500,000 before expenses via a placing of 100 million new ordinary shares at a price of 0.5 pence per share. The funds raised will enable further developmentof the Aje project. The Company also wishes…

21 February 2018

Norwegian Petroleum Directorate: Production Figures January 2018

The Norwegian Petroleum Directorate releases preliminary production figures for January 2018 which show an average daily production of 2 019 000 barrels of oil, NGL and condensate, which is an increase of 89 000 barrels per day compared to December.Total gas sales were 11.3 billion Sm3 (GSm3), which is an…

21 February 2018

Subsea 7 Announces Agreement to Invest in Xodus Group

Subsea 7 S.A. and Chiyoda Corporation today announced that Subsea 7 has agreed to acquire a 60% holding in Xodus Group, a leading energy consultancy, from Chiyoda. Chiyoda will retain a 40% holding as a joint venture partner. This investment by Subsea 7 will help the future development and growth…

21 February 2018

BP Energy Outlook 2018: Energy Demand Grows as Fuel Mix Continues to Diversify

The 2018 edition of BP’s Energy Outlook is published and considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. The speed of the energy transition is uncertain and the new Outlook considers a range of scenarios.Its ‘Evolving Transition’ scenario, which assumes…

20 February 2018

Wärtsilä and Maersk Drilling Joint 25-year Strategy for Thruster Services

The technology group Wärtsilä and the global drilling contractor Maersk Drilling have joined forces in a unique co-operation to create a 25-year thruster maintenance strategy for Maersk’s three semi-submersible rigs and four drillships. The parties have already completed the strategy work on the D-rigs and commenced the strategy work related…

20 February 2018

Wood Wins Strategic Five-Year Engineering Services Contract Supporting INPEX in Australia

Wood has been awarded the brownfield engineering services contract for the INPEX-operated Ichthys offshore facilities, located 220 kilometres off the coast of Western Australia and onshore liquefied natural gas (LNG) processing facilities in Darwin, Northern Territory.Effective immediately, the contract is for five years with a two-year extension option and will…

20 February 2018

Karoon: Santos Basin Update

Karoon announce a positive development in the FEED process for the Echidna light oil development proposal. In order to proceed to a Declaration of Commerciality on the Echidna and Kangaroo oil discoveries, Karoon has now received an approval for a variation of the existing work program.The Board of Directors of…

20 February 2018

Eidesvik Secures Multiple Contracts for the PSVs “Viking Prince” and “Viking Queen”

PSV Viking Prince is awarded a contract with Deceiper Production Limited for operation on the UK continental shelf with a start-up date in February 2018. The contract duration is estimated to 85 days.Following this contract, the Viking Prince will continue to a contract for Norwegian Shell to support their drilling…

20 February 2018

Renewables: First Foundation for the Offshore Wind Farm Kriegers Flak Installed in Denmark

The first Gravity Based Foundation for the offshore wind farm Kriegers Flak was installed in Denmark, another milestone in this project. It concerns a 8,000 tonnes GBF which was floated off the semisubmersible barge and towed to the installation location where the heavy lift vessel Rambiz in combination with an…

20 February 2018

Po Valley Energy: Upgrade of its Oil and Gas Reserves and Resources

Po Valley Energy Limited reported an upgrade of its oil and gas reserves and resources for its 100% owned subsidiary Po Valley Operations Pty Ltd (“PVO”) as part of the release of an extensive Competent Persons Report (“CPR”) prepared on PVO, Po Valleys 50% owned Saffron Energy Plc and Appenine…

20 February 2018

Carnarvon: Buffalo Project Update

Carnarvon Petroleum Limited is pleased to provide the following update on its subsurface work in the Buffalo project.Quality new seismic data has recently been received and is showing increasingly clear definition around the important Elang formation, which is the producing reservoir in the Buffalo oil field.With the new data the…

20 February 2018

ADNOC Signs New Offshore Concession Agreement with Cepsa

On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession.The choice of Cepsa, which is wholly-owned by Abu Dhabi’s Mubadala Investment…

19 February 2018

IEA Marks Historic Day in Global Energy Governance with First Member Country in Latin America

Mexico officially became the International Energy Agency’s 30th member country on 17 February 2018, and its first member in Latin America. The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository state, following ratification by the Mexican…

19 February 2018

Aker Solutions Forms Collaboration With Cognite to Strengthen Digital Offering

Aker Solutions agreed on a long-term collaboration with software company Cognite to accelerate the development of digital solutions that will drive major efficiencies through the entire life of an energy asset.The energy services company will use Cognite's advanced industrial data platform to collect and analyze large volumes of data from…

19 February 2018

Interior Announces Date for Largest Oil and Gas Lease Sale in U.S. History

In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. The region-wide lease sale, which is the largest in…

19 February 2018

SeaBird Exploration: Source Vessel in West Africa

SeaBird Exploration is pleased to announce that it has signed an agreement to provide a source vessel for an upcoming survey in West Africa. The project is anticipated to commence during Q1 and will have a duration of approximately 60 days. SeaBird will be using the Osprey Explorer for the…

19 February 2018

SeaBird Exploration: Termination of Munin Explorer Charter Agreement

SeaBird Exploration has entered into a settlement agreement with Ordinat Shipping AS, the owners of Munin Explorer, for the termination of the charter party agreement and redelivery of the vessel. The transaction is conditional on the fulfilment of certain preconditions and is expected to be approximately cash neutral to the…

19 February 2018

Acquisition: Aker Energy and Hess Ghana

Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has entered into an agreement with a subsidiary of Hess Corporation to acquire its interests in Ghana consisting of a 50 percent participating interest in the Deepwater Tano Cape Three Points block ("DWT/CTP"). The Tano Basin offshore…

19 February 2018

AkerBP: Exploration success in PL340 near Alvheim

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30-60 million barrels of oil equivalents (mmboe), which is significantly more than the company's pre-drill estimates of 3-21…

16 February 2018

Chrysaor chooses Tenaris for North Sea operations

Tenaris has recently secured its first Long-Term Agreement with Chrysaor, an independent oil and gas producer in the North Sea, for the provision of OCTG casing and tubing and associated services. The 3-year contract includes Rig Direct®, a unique service model that includes a wide array of expert services that…

16 February 2018

HydraWell to Plug in Azerbaijan

TOTAL E&P Absheron B.V., acting as operator for and on behalf of a consortium presently composed of Total E&P Absheron B.V. (50%) and Socar Absheron LLC (50%). has tasked HydraWell to execute a part of plug & abandonment campaign at the Absheron field in the Caspian Sea.To execute the campaign,…