Search News
Latest News
16 February 2018
Stena Drilling Signs Contract with Timor Sea Oil & Gas Australia Pty Limited (TOGA) for the Stena Clyde
Stena Drilling is pleased to inform that we have signed a contract with Timor Sea Oil & Gas Australia Pty Limited (TOGA), a subsidiary of Northern Oil & Gas Australia Pty Limited (NOGA) for the Stena Clyde.The campaign is around 30 days and will commence around April/May this year and…
16 February 2018
Noble Energy Announces Divestment of U.S. Gulf of Mexico Business and $750 million Share Repurchase Program
Noble Energy has announced that its Board of Directors has authorized a $750 million share repurchase program. In addition, the Company has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy for a total value of $710 million.Cash proceeds included in the transaction total $480…
16 February 2018
Neptune Energy Completes the Acquisition of ENGIE E&P International
Neptune Energy has announced the completion of the acquisition of ENGIE E&P International ('EPI'). The transaction sees Neptune become an international independent E&P company across the North Sea, North Africa and South East Asia, producing 154,000 net barrels of oil equivalent per day in 2017.Neptune’s new global platform offers a…
16 February 2018
Mexico: BHP Billiton Expects Drilling of First New Trion Well to Begin in October
Drilling of the first new exploration well in BHP Billiton’s deepwater Trion project will begin in October, part of a plan approved by Mexican regulators on Thursday that also revised downward the project’s estimated oil and gas resources.Australian mining and oil giant BHP Billiton won the rights to operate Trion…
16 February 2018
GC Rieber Shipping: 4-month Charter for Polar Queen
GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV vessel Polar Queen for a fixed period of four months with options to extend by up to one month. With this charter, all GC Rieber Shipping subsea vessels have secured contracts for…
16 February 2018
Hunter Group ASA Enters into Agreement to Acquire IKM Subsea & Technology
The acquisition of the IKM Subsea & Technology Group represents a significant milestone for Hunter Group. The IKM Subsea & Technology Group is one of the leading remotely operated vehicle ("ROV") operators in the North Sea with global market presence and will provide Hunter Group with a strong platform for…
15 February 2018
Saipem Lands on Venus for Kaombo
Italy’s Saipem has contracted GranEnergia’s newbuild accommodation unit Venus to support development work on Total’s Kaombo project off Angola.The dynamically-positioned semi-submersible vessel, delivered from China’s Fujian Mawei yard to the Dutch contractor earlier this month, has been fixed by Saipem on a firm three-month charter due to start in April,…
15 February 2018
Ørsted Appoints Hobson and Porter to Build the World's Biggest O&M Hub for Offshore Wind
Construction of the UK’s largest offshore wind operations and maintenance hub is now underway. Ørsted has appointed UK construction firm Hobson & Porter as the principal contractor for a multi-million-pound extension to its offshore wind operations centre at the Royal Docks in Grimsby.The Ørsted East Coast Hub, as it will…
15 February 2018
BOURBON Accelerates its Transformation to be Ready for the Announced Recovery
BOURBON Corporation is accelerating its transformation and announces today its action plan, #BOURBONINMOTION, enabling it to meet the need for competitiveness and to respond to customers' new demands, in the context of a market that has challenged all market players in the Oil & Gas industry. The Board of Directors…
15 February 2018
Telford Offshore: A New Offshore Services Provider
he newly formed contracting company acquired four DP3 multipurpose offshore construction vessels which can support multiple activities, focusing on high capacity accommodation combined with lifting, fabrication and installation services.The Dubai headquartered company said it will focus on areas where the vessels and company project personnel have demonstrated their capabilities, namely…
15 February 2018
Against the Odds: World Class Performance by World’s First Floating Wind Farm
Despite one hurricane, one winter storm and wave heights of up to 8,2 meters, Hywind Scotland, the world’s first floating wind farm, performed better than expected in its first 3 full months in production.The 30MW wind farm, operated by Statoil in partnership with Masdar, is located 25 kilometers offshore Peterhead…
15 February 2018
Jan De Nul Group to Install Wind Turbine Generators in Germany
Jan De Nul Group will install 32 Wind Turbine Generators (WTG), each with a capacity of 6.33 MW, for the Offshore Wind Farm Trianel Borkum II in Germany. The new project has been awarded by Senvion GmbH and will feature wind turbines of the type Senvion 6.3M152. The project also…
15 February 2018
Sparrows Group Awarded Three-year Crane and Deck Services Contract by BP in Angola
BP has awarded Sparrows Group a three-year contract to manage crane operations and maintenance, and deck services off the coast of Angola.The contract covers four cranes utilised on two Floating Production Offloading and Storage (FPSO) vessels, the Greater Plutonio and the PSVM, located in Blocks 18 and 31 respectively, which…
15 February 2018
Ørsted Select Siemens Gamesa Renewable Energy as Exclusive Supplier for Hornsea Project Two
Ørsted has selected Siemens Gamesa Renewable Energy (SGRE) as exclusive supplier for the wind turbines for Hornsea Project Two, which will be the world’s biggest offshore wind farm when operational in 2022.The project will deploy the SGRE 8 megawatt (MW) turbine with 167 metre rotor, with the majority of the…
15 February 2018
TMC to Equip Subsea 7 Vessel
Royal IHC has signed up TMC Compressors of the seas (TMC) to deliver a complete marine compressed air system to the integrated reel lay vessel the Dutch shipbuilder is constructing for Subsea7.TMC’s scope of work includes the provision of a complete marine compressed air system, including 2 x 84kW water…
15 February 2018
JFMS Provides E.ON with its Cutting-edge Offshore Wind Management System - OWMS®
James Fisher Marine Services (JFMS), part of globally operating James Fisher and Sons plc, has announced it will supply E.ON with its leading offshore wind management system (OWMS®). E.ON will utilise the system to manage marine coordination for all operations and maintenance activities at both Humber Gateway and the Rampion…
15 February 2018
Croonwolter&dros and Bakker Sliedrecht to Deliver Complete Electrical Installation of Integrated Reel Lay Vessel for Subsea 7
Croonwolter&dros and Bakker Sliedrecht have obtained the order to engineer, manufacturer, install and commission the complete electrical installation of the new reel lay vessel that Royal IHC is building for Subsea 7. The technologically advanced ship is intended for the installation of complex rigid flowlines, including pipe-in-pipe and electrical trace…
15 February 2018
Heerema Assigns DGI Doedijns for Delivery of Upend & Flood Control System for Peregrino II Jacket
Heerema Fabrication Group awarded DGI Doedijns, specialist in engineered hydraulic solutions, to design and deliver the Flooding System Upend Control System for the ‘Peregrino II Jacket’. The Flooding System Upend Control Center consists of 56 actuated valves, a control centre, interconnecting hoses. DGI Doedijns provides also the yard installation of…
15 February 2018
MODEC: FPSO Cidade de Niterói MV18 Time Charter Contract Extension
MODEC, Inc. is pleased to announce that Petróleo Brasileiro S.A. (“Petrobras”) has extended its contract with a MODEC’s Dutch subsidiary and an owner of the FPSO Cidade de Niterói MV18, Opportunity MV18 B.V., for the time charter of the FPSO with effect from February 2018 to March 2024. The FPSO…
15 February 2018
Stena Drilling: Stena Spey Contract with Nexen Petroleum U.K. Limited
Stena Drilling is pleased to inform that, following a competitive tender exercise, we have signed a contract with Nexen Petroleum U.K. Limited for the Stena Spey. The drilling campaign is around 110 days with a potential additional option well on the Golden Eagle field, UK Central North Sea, and will…
14 February 2018
Hurricane Energy plc: Successful Trial Fit Testing of Buoy and FPSO Turret
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update on activities related to the Early Production System on the Lancaster Field.A key project milestone has been achieved, with completion of buoy 'dry' trial…
14 February 2018
Woodside Full-Year Profit Up 18% to $1,024 Million and Increased Interest in Scarborough Gas Field
Woodside Petroleum has recorded a full-year reported net profit after tax (NPAT) of $1,024 million. Production was 84.4 MMboe and sales revenue was $3.62 billion.The directors have declared a final dividend of US 49 cents per share (cps), bringing the full-year dividend to US 98 cps.Woodside CEO Peter Coleman said…
14 February 2018
Kvaerner ASA: Kvaerner invests in new quay at Stord
Kvaerner plans to invest NOK 370 million in a new quay at the company's facility at Stord.The investment is subject to approval by Kvaerner's Board of Directors within a short period of time. The background for the investment is a changing oil and gas market. More projects are expected in…
14 February 2018
GulfSlope Energy, Inc. Announces Execution of a Drilling Rig Contract
GulfSlope Energy, Inc. announces the execution of a drilling services contract with Atlantic Maritime Services LLC, a wholly-owned subsidiary of Rowan Companies plc, to secure and utilize the Ralph Coffman jackup rig for the Company's 2018 Gulf of Mexico drilling program. GulfSlope anticipates spudding the first well in mid-2018 on…
14 February 2018
Benthic: Limetree Bay Terminals Awards Geotechnical Contract
Benthic, a global geosciences company, has been awarded a geotechnical site investigation contract for services offshore the U.S. Virgin Islands. Limetree Bay Terminals will utilize the data collected to determine the geotechnical parameters for the design of SPM anchors and PLEM foundations at the Mooring Terminal.Benthic’s PROD 3 provided Limetree…
14 February 2018
Reabold Resources: Intention to increase investment in Corallian Energy Limited
Reabold Resources, the investor in pre-cash flow upstream oil and gas projects, is pleased to provide an update on its investment in Corallian Energy Limited. On 1 November 2017, Reabold announced the signing of two share subscription agreements in Corallian, whose portfolio of UK oil and gas licenses includes the…
14 February 2018
DOF Subsea Contract Awards
DOF Subsea has been awarded various contracts, securing utilisation for vessels in the Subsea IMR Projects segment: In the Atlantic region, the contracts for Skandi Neptune and Skandi Constructor have been extended until the beginning of April and end of February 2018. Skandi Skansen's contract with TechnipFMC has been extended,…
14 February 2018
IKM Subsea Singapore Starts 2018 with Multiple Contracts
IKM Subsea Singapore starts the new year with multible contract awards.Contract 1IKM Subsea Singapore has started 2018 well with a double contract award. The first is a contract to provide 2 x ROVS for a FNLG Mooring Installation in Bangladesh. IKM Subsea provided 1 x Merlin WR200 and a Comanche…
14 February 2018
BP and Energean Extend Long-Term Offtake Agreement for the Prinos Field to November 2025
Energean Oil & Gas announced the extension of the Prinos long-term offtake agreement with BP Oil International Limited until 1 November 2025.All of the Group’s production of crude oil from the Prinos basin is currently sold to BP under the offtake agreement, which was originally signed in 2013 and covered…
14 February 2018
BP Begins Production from Egypt’s Atoll Gas Field Seven Months Ahead of Schedule
BP announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate.The project is now producing 350 million cubic feet of…
14 February 2018
Kvaerner contracts for the Johan Castberg FPSO
Kvaerner has signed a contract with Statoil for delivery of the topside modules for the Johan Castberg floating production vessel (FPSO), as well as for hook-up and integration of the topside modules with the hull. Kvaerner's scope for the FPSO will at peak involve around 2 000 Kvaerner employees and…
14 February 2018
Kosmos Energy Welcomes Approval of Inter-Governmental Cooperation Agreement Between Mauritania and Senegal
Kosmos Energy confirmed today that the governments of Mauritania and Senegal have signed an Inter-Governmental Cooperation Agreement (ICA) which enables the development of the cross-border Tortue natural gas field to continue moving forward. With this agreement in place, Kosmos expects a final investment decision (FID) for the Greater Tortue project…
14 February 2018
UAE: ONGC-led Consortium to Acquire 10 Percent Stake in ADNOC's Lower Zakum Concession, Offshore Abu Dhabi
An ONGC Videsh led Indian Consortium has been awarded a 10% stake in the Lower Zakum Concession, offshore Abu Dhabi. The Concession award by the Supreme Petroleum Council (SPC), on behalf of the Abu Dhabi government, to the Abu Dhabi National Oil Company (ADNOC) and the Indian Consortium, is the…
14 February 2018
Faroe: Sale of 17.5% Interest in PL586 (Fenja) to Suncor Energy Norge AS
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has executed a transaction with Suncor Energy Norge AS for the sale of a 17.5% working interest in the Fenja development located…
14 February 2018
Carnarvon - New Permit Award: Eagle Project
Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to inform shareholders that it has been awarded the AC/P63 permit within the Southern Vulcan Sub-basin, on Western Australia’s North West Shelf which will be known as the Eagle Project.This 585km² permit is in shallow water and contains multiple attractive leads in the…
14 February 2018
Wood Wins New Contract Delivering Mega-Project for Saudi Aramco
Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of Saudi Arabia. Engineering and project management services to develop the Marjan oil field in the state’s eastern province will be provided under the contract, which…
14 February 2018
Bassoe Offshore: Owners of Old Jackup Rigs Realize Their Gamble Isn’t Paying Off
The most junk-laden segment of the offshore rig market looks as if it’s starting to clean itself up. In 2017, 14 jackups were sold for scrap (excluding mat and slot rigs). This number is twice as high as it was in 2015 and 2016 combined, and Bassoe Offshore expects it…
14 February 2018
Eni Enters in Lebanon Signing Two Exploration and Production Contracts
Eni has signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon covering Blocks 4 and 9, located in the deep waters offshore Lebanon. The agreements are the result of the first International Competitive Offshore Licensing Round launched by Lebanese Petroleum Authority.The agreements open the way for the…
13 February 2018
CSV Southern Ocean Firms Up New Work
CSV Southern Ocean secures a new contract and will start operations by mid of February 2018 for a firm period of 30 days and options to extend with 60 days. The Construction Support Vessel has been assigned to multiple smaller projects within the APAC region.The contract is the result of…
13 February 2018
New Subsea Technology Could Generate £3 billion from the North Sea
Wood Mackenzie and the Oil & Gas Technology Centre announced that developing new subsea technology and approaches to field developments could help unlock 400 million additional barrels of oil and gas and generate £3 billion of additional value.On the UK Continental Shelf (UKCS), there is 3.4 billion barrels of oil…
13 February 2018
Ocean Installer Awarded Decommissioning Job In Mauritania
Ocean Installer will assist BW Offshore in decommissioning the Berge Helene FPSO on the Chinguetti field, 80 km west of Mauritania, following Petronas implementation of their Demobilization Plan.The project will be executed on a fast track, with offshore operations commencing as soon as March/April of 2018. The scope of the…
13 February 2018
Fred. Olsen Energy: Two Optional Wells Exercised for Blackford Dolphin
BP Exploration Operating Company Ltd. has declared the first two options under its recently announced contract for use of the semi-submersible drilling rig Blackford Dolphin. The estimated contract value for the two options, with a total anticipated duration of around 60 days, is GBP 5.9 million.
13 February 2018
Wood Secures New North Sea Industrial Services Contract with Bluewater
Wood has been awarded a new contract with Bluewater to provide industrial services to the Haewene Brim floating production storage and offloading (FPSO) facility in the UK North Sea.Effective immediately, the contract is for two years with three one-year extension options, and includes the provision of rigging and scaffolding services…
13 February 2018
Searcher Releases Extensive Offshore Argentina Seismic and Well Database
Searcher Seismic is pleased to announce the expansion of its Argentinian Multi-Client library by offering over 97,000 km of seismic data and a comprehensive atlas and analysis of offshore wells.The release of Searcher’s technical dataset comes in preparation for the highly anticipated Argentina Offshore Bidding Round 1, which is expected…
13 February 2018
ExxonMobil Adds 2.7 Billion Barrels to Reserves; Replaces 183 Percent of 2017 Production
Exxon Mobil Corporation said today it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil's proved reserves totaled 21.2 billion oil-equivalent barrels at year-end 2017. Liquids represented 57 percent of the reserves, up from 53 percent in 2016. ExxonMobil’s reserves…
13 February 2018
Eni Announces a Gas Discovery Offshore Cyprus
Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence…
13 February 2018
Atkins' Unique Low CAPEX Floating Platform Granted US Patent to Help Unlock Marginal Fields
Atkins, member of the SNC-Lavalin Group, has been awarded a United States Patent (US9828072) for its marginal field production facility, the Deep Draught Production, Storage and Offloading (DDPSO), a unique, reusable, low CAPEX floating solution designed to operate in harsh environments that may otherwise limit small, ship-shape FPSOs. SNC-Lavalin acquired…
13 February 2018
M² Subsea Secures Multi-Million Dollar Contract with TransCanada
M² Subsea has secured a multi-million dollar contract with TransCanada to carry out pipeline-span support on the company’s pipeline installation for the Sur de Texas-Tuxpan gas project in the Gulf of Mexico.The scope of work will see M² Subsea install grout supports along the southern leg of the pipeline to…
13 February 2018
Fabricom Offshore Services Awarded 2 Year Contract Extension with Bluewater
Fabricom Offshore Services has been awarded a two year Contract Extension by Bluewater Services (U.K.) Ltd. The Framework Agreement is for the provision of Engineering, Procurement, Construction and associated services to the Bluewater fleet of Floating Production Storage and Offloading Vessel’s (FPSO), located internationally.This award continues the relationship between the…
13 February 2018
Fairfield Energy Awards Subsea Infrastructure Decommissioning Contract to Bibby Offshore for Greater Dunlin Area
Fairfield Energy, the North Sea oil and gas operator and decommissioning specialist, has awarded Bibby Offshore, a leading subsea services provider to the oil and gas industry, the contract for the subsea infrastructure decommissioning (SID) of the Greater Dunlin Area.Bibby Offshore has been awarded the contract with a consortium of…