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31 January 2018
Shell Agrees to Sell Stake in Thailand’s Bongkot Field to PTTEP
Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP International Limited, a…
31 January 2018
EnQuest: Agreement with BP on Thistle Decommissioning
Following the completion of the acquisition of an initial 25% interest in the Magnus oil field on 1 December 2017, EnQuest PLC has agreed with BP to undertake the management of the physical decommissioning activities for Thistle and Deveron.Under the terms of this agreement with BP:EnQuest will receive $30 million…
30 January 2018
Baker Hughes: Technology Deals and New Digital Partnerships show Industry is Embracing New Ways of Working
Baker Hughes, a GE company, announced two deals that further underline the company’s leadership in gas technologies.A contract with Maersk Oil will see BHGE deliver an integrated scope of turbomachinery equipment for the topside production facility of the Tyra field redevelopment project, in the Danish North Sea, including seven compression…
30 January 2018
Scottish Government: Decommissioning Fund Awards
Six projects across Scotland will be offered a share of £1.5 million in the second round of Decommissioning Challenge Fund awards.Grant offers have been made to six projects in Edinburgh, Glasgow, Kishorn, Shetland and Orkney.The Scottish Government’s Decommissioning Challenge Fund supports infrastructure improvements and innovation to deliver decommissioning of North…
30 January 2018
Renewables: Ørsted begins offshore construction for Hornsea Project One
Offshore construction has now begun at what will become the world’s biggest windfarm, Hornsea Project One.The first of 174 monopiles have been installed at the site, located 120km off the Yorkshire coast. When operational, expected in 2020, the wind farm which is being developed by Ørsted, will produce enough power…
30 January 2018
National Petroleum Construction Company Wins Ratna Contract
National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, has won an EPC contract for 5 Well Platforms and Pipeline for Ratna field from ONGC as part of Offshore Oil & Gas Infrastructure development on the west coast of India.This contract includes Survey, Design, Engineering, Procurement, Fabrication, Load Out,…
30 January 2018
Samsung Heavy Industries: Semi-Submersible Drilling Rig Sale
Samsung Heavy Industries has agreed to sell a semi-submersible drilling rig for $500 million to a third party. The buyer has yet to be named.The rig was originally ordered by Stena Drilling however Stena cancelled the order in 2017.
30 January 2018
Noble Energy Announces Tamar Sell-Down
Noble Energy, Inc. today announced that it has signed a definitive agreement to divest a 7.5 percent working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. for cash proceeds of approximately $560 million and 38.5 million shares of Tamar Petroleum. Based upon today's closing price of Tamar…
30 January 2018
Spirit Energy to Drill New Well at the Chiswick Field
Spirit Energy* is extending the life of one of its key North Sea fields by tapping into new reserves this year.Spirit, one of the top independent oil and gas operators in Europe, is to drill a new well at the Chiswick field in the Southern North Sea to bring around…
30 January 2018
Energean Oil & Gas: Karish Field - Contract with Stena Drilling
Energean Oil & Gas is pleased to announce that Energean Israel has signed a contract with Stena Drilling for the development drilling of the Karish Field, offshore Israel.Pursuant to the contract, Stena Drilling will deploy the Stena Forth drillship (or such substitute as may be agreed by the parties) to…
29 January 2018
Bergen Group AAK Enters into a Cooperation Agreement with Bladena ApS
Bergen Group AAK and Bladena ApS have established a cooperation agreement on future assignments towards the wind power market. The goal is to strengthen competitiveness and market position towards an increasing market for maintenance and lifetime extension of wind park installations. The agreement also opens for cooperation on deliveries to…
29 January 2018
Husky Energy to Resume SeaRose Operations
The Canada-Newfoundland and Labrador Offshore Petroleum Board today announced it has lifted the notice to suspend operations for the SeaRose floating production, storage and offloading vessel and associated facilities.The January 17, 2018 C-NLOPB notice to suspend operations resulted from an incident in March 2017 where Husky Energy departed from its…
29 January 2018
Sterling Energy Plc: Chinguetti Oil Field - Termination of Funding Agreement
In light of the cessation of production from the Chinguetti oil field, the Company, the Government of Mauritania and SMHPM have agreed to terminate the Funding Agreement. The Deed of Termination provides for a payment by Sterling to the Government of Mauritania and SMHPM of a fixed sum to settle…
29 January 2018
Wellesley Petroleum: Greater Grosbeak Announcement
Wellesley Petroleum AS announces an agreement with Transocean for a three-firm slot contract with the Transocean Arctic semi-sub rig. The commencement date for the contract is 1st June 2018.The rig will be employed on an exploration drilling campaign in the Måløy Slope area of the Northern North Sea (blocks 35/11…
29 January 2018
Serica Energy: 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, is pleased to provide an operations update.- Significant expansion and diversification of portfolio with planned acquisition of BP’s interests in the Bruce,…
29 January 2018
Benthic Secures Geotechnical Contract Offshore Mozambique
Benthic, a global geosciences company, has been awarded a geotechnical contract by a wholly owned subsidiary of Anadarko Petroleum Corporation. The work scope includes:geotechnical survey operations off the coast of Mozambique in Tungué Bay (Palma district) and surrounding areas to obtain data for maritime navigation, sub-surface characterization, hazard identification, and…
29 January 2018
Tortue: Drilling Commences at Dussafu
Panoro Energy ASA is pleased to announce that drilling has just commenced on the DTM-2H production well on the Tortue oil field, located offshore Gabon and part of the Dussafu Marin Production Sharing Contract. The well is being drilled with the Borr Norve jack-up rig.Tortue is an offshore field located…
29 January 2018
Jersey Oil & Gas: Verbier Update
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), which contains the Verbier oil discovery and the Cortina prospect, have…
26 January 2018
TMC Compressors Wins Contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd to Supply the Marine Compressed Air System to a Newbuild FPSO
International compressor supplier TMC Compressors has won a contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd to supply the marine compressed air system to a newbuild FPSO the yard is currently constructing for SBM Offshore.TMC’s scope of work is to provide a compressed air system consisting of 4 x 400 kW…
26 January 2018
Scottish Crown Estate Bill published
Scottish Government has laid a Bill in Parliament setting out proposed long-term management arrangements for Crown Estate assets including seabed, just under half of the coastline and four rural estates. The Bill outlines the continuing role of Crown Estate Scotland as manager while enabling councils and communities to directly manage…
26 January 2018
DEA: Dvalin Template Delivered on Time by Aker Solutions
The Dvalin project reach a major hardware milestone as Aker Solutions deliver template on time.After 10 months of production at the Aker Solutions yard in Egersund, the template is handed over to DEA according to both time and budget. The Integrated Template Structure (ITS) will be stored in Egersund until…
26 January 2018
Mime Petroleum and Blue Water Energy Join Forces with Blackstone Energy Partners
Mime Petroleum AS, a new independent development and production company established earlier this year by Blue Water Energy LLP and Sverre Skogen (Chairman and CEO), announced today that they have partnered with Blackstone Energy Partners. BWE and Blackstone have agreed to lead an initial investment of up to $1 billion…
26 January 2018
VAALCO Energy Announces Year-End 2017 Proved Reserves Increased 15% and Achieved 127% Reserve Placement
VAALCO Energy, Inc. today announced year-end 2017 proved reserves rose to 3.0 million barrels of oil equivalent (“MMBOE”), up 15% from 2.6 MMBOE at year-end 2016. The Company’s 2017 proved reserve additions of 1.9 MMBOE resulted in a reserve replacement ratio of 127%. VAALCO’s reserves were fully engineered by its…
26 January 2018
Rockrose Energy: Directors Announce Company's Intention to Return Capital of £1.50 per Share
The directors of Rockrose are pleased to announce the intention of the Company to return capital of £1.50 per share. This payment will be paid by means of a "B" share scheme which will require the passing of ordinary resolutions at a general meeting of the shareholders of the Company…
26 January 2018
Total’s Egina FPSO Arrives in Nigeria
Nigeria’s oil and gas industry wednesday recorded another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) unit for the 200,000 barrels per day capacity Egina Deepwater oilfield arrived the country from South Korea.The Egina oilfield, which is being developed at the cost of $16 billion, would come on…
26 January 2018
TAQA Achieves Milestone in Extending Northern North Sea Field Life
Abu Dhabi National Energy Company PJSC (TAQA) is transforming its Eider platform and ensuring continued production from the Otter field as part of its strategy to maximise economic recovery and extend the life of its oil and gas fields in the northern North Sea (NNS). The late life extension strategy…
25 January 2018
Consent to use Maersk Interceptor
The Norwegian Petroleum Safety Authority have given Aker BP consent to use the Maersk Interceptor jack-up drilling facility in the North Sea.The consent covers use of the Maersk Interceptor facility for drilling and completion of two water injection wells on the Ivar Aasen field in the North Sea.Drilling is scheduled…
25 January 2018
McDermott Awarded 13 Jacket EPCI Saudi Aramco Contract
McDermott International, Inc. announced a large contract award from Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.The fourth fast-track contract awarded to date in the past 24 months builds off McDermott’s successful track record…
25 January 2018
Polarcus Awarded 4D Project in Asia Pacific
Polarcus Limited is pleased to announce that the Company has received a letter of award for a 4D marine seismic acquisition project in the Asia Pacific region. The project is due to commence in Q1 2018 and will run for approximately one month. Following this award the Polarcus active fleet…
25 January 2018
Total Reinforces Its Position In Deepwater Gulf Of Mexico By Entering The Anchor Discovery
Total has signed an agreement with Samson in order to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the most significant recent discoveries in the Gulf of Mexico (GoM), USA. The deal also includes a 12.5% interest in the…
25 January 2018
Option Agreement to Farm into UK Licence P2264
United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce a no cost option agreement to farm into offshore Block 49/29c UK Licence P2264 which contains the Acle prospect, jointly owned by Swift Exploration Limited (50 per cent.) and…
25 January 2018
Lamprell Announces Updates on Performance for 2017, and on Windfarm Project (EA1)
As previously announced, the issues on the EA1 Project will significantly impact the Group's profitability in 2017, with total losses on the EA1 Project to completion estimated to be approximately US$80 million, which will be booked in full in 2017. The additional costs on the project have been caused by…
25 January 2018
Drilling Permit for Wellbore 35/9-14 in Production Licence 682
The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for wellbore 35/9-14, cf. Section 15 of the Resource Management Regulations.Wellbore 35/9-14 will be drilled from the Songa Enabler drilling facility, at position 61⁰25' 19.8727’’ North, 03⁰49’ 41.92’’ East after completing the drilling of wildcat well 35/9-13…
25 January 2018
Subsea 7 Awarded Contract Offshore Norway
Subsea 7 S.A. today announced the award of a sizeable contract from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway. The contract comprises the design, coating, fabrication and installation of a 53 km rigid flowline including 34 km of pipe-in-pipe flowline. Project Management and…
25 January 2018
Renewables: ABPmer Prepares Scoping Documents to Support Floating Wind in Scottish Waters
Marine Scotland has awarded a contract to ABPmer, a recognised marine planning specialist, to prepare scoping documents to support the development of floating wind (or other possible future deep water wind technologies) in Scottish waters.The Scottish Government has set a range of challenging targets for renewable energy which include the…
25 January 2018
SBM Offshore puts Safety in the Limelight as Topsides Construction Kicks Off for Liza FPSO
SBM Offshore is delighted to announce that the first-steel cut event has officially kicked off work for the construction of the topsides for the Liza floating, production, storage and offloading (FPSO) vessel project at the Dyna-Mac yard. This phase, in parallel with engineering, procurement and construction (EPC) work for the…
25 January 2018
BP and Kosmos Energy Partnership Awarded Two Blocks
Exploration rights have been awarded to BP and Kosmos Energy for two blocks in the economically exclusive West Africa region, Sao Tome and Principe.
25 January 2018
Premier Oil: Catcher Operational Update
Premier is pleased to provide the following update on its operated Catcher Area development, which was successfully brought on-stream on 23 December 2017.The first export cargo of Catcher oil of approximately 500,000 barrels was lifted yesterday, earlier than anticipated, and has been sold at a premium to Brent. The second…
25 January 2018
Odfjell Drilling Ltd: Statoil Exercises Second Option in Deepsea Bergen's Drilling Contract
Reference is made to the stock exchange notice from 31 May 2017 whereby Statoil awarded Deepsea Bergen a new drilling contract. The contract originally included one firm well plus 4 x 3 optional wells.Odfjell Drilling is pleased to inform that Statoil today has exercised the second of four options. The…
25 January 2018
Awilco Drilling: Letter of Intent signed for WilPhoenix
Awilco Drilling PLC has signed a Letter of Intent with an undisclosed operator for the provision of WilPhoenix. The one well program has an estimated duration of 115 days and will commence in direct continuation from the rig's current contract with Apache North Sea Limited in Q2 2018. The contract…
24 January 2018
Petrofac Secures Key North Sea Contract
Petrofac’s Engineering and Production Services (EPS) division has been awarded a new Offshore Manning Services contract by Chevron North Sea Limited (Chevron).The three-year award, which came into effect last week, will involve the provision of Operations, Maintenance and Construction personnel across five of Chevron’s North Sea assets – the Captain…
24 January 2018
Subsea 7 Utilise C-Worker 7 Autonomous Surface Vessel In Mediterranean Operation
ASV Global is delighted to announce the successful deployment of one of its C-Worker 7 class of autonomous surface vessels for Subsea 7. The 7m autonomous surface vessel was used to support a pipelay operation off the coast of Egypt.Fitted with a survey suite comprising a multibeam echosounder and side…
24 January 2018
Ocean Power Technologies Signs Agreement With Premier Oil
3-month contract to conduct a study into the use of the PB3 PowerBuoy for decommissioning operations is a significant step in OPT’s commercialization strategyOcean Power Technologies, Inc. announced today that the Company has signed an agreement with Premier Oil, an international oil and gas company, to study the feasibility of…
24 January 2018
Lundin Petroleum Announces Reserves and Contingent Resources Update
Lundin Petroleum AB is pleased to announce that as at 31 December 2017, its proved plus probable net reserves (2P reserves) are 726 million barrels of oil equivalent (MMboe), its proved plus probable plus possible net reserves (3P reserves) are 895 MMboe and its best estimate net contingent resources are…
24 January 2018
Lundin Petroleum Announces its 2018 Budget and Production Guidance
Lundin Petroleum AB is pleased to announce its 2018 development, appraisal and exploration budget which totals USD 1.05 billion and represents an 11 percent decrease on 2017 capital expenditure. The production guidance for 2018 is between 74 to 82 thousand barrels of oil equivalent per day.The average production in 2017…
24 January 2018
Aker BP Frame Agreement to Aqualis Offshore
Marine and offshore engineering consultancy Aqualis Offshore has signed a frame agreement to provide marine services to Aker BP. Under the Frame Agreement, Aqualis Offshore will provide marine warranty surveyor and marine services to Aker BP’s fixed platforms, mobile units and subsea fields on the Norwegian continental shelf. Aqualis Offshore’s…
24 January 2018
Gazprom Receives Construction Permit for Second String of TurkStream
Gazprom received through diplomatic channels a construction permit from the authorities of the Turkish Republic for the second string of the TurkStream gas pipeline’s offshore section stretching to the Turkish coast.TurkStream is the project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to…
24 January 2018
Statoil Awards Subsea Contracts for the Troll Phase 3 and Askeladd Projects
Statoil has, on behalf of the license partners, awarded EPC contracts for the delivery of subsea production systems and services for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea, respectively, to Aker Solutions. The contracts have a total estimated value of…
24 January 2018
Cairns: Catcher Operational Update
The enclosed announcement has been reported by Premier Oil plc (Operator) with regards to the Catcher development in which Cairn has a 20% working interest.Premier is pleased to provide the following update on its operated Catcher Area development, which was successfully brought on-stream on 23 December 2017.The first export cargo…
24 January 2018
Cairn: Operational Update
Over the last twelve months, Cairn has achieved several strategic milestones and is well positioned to deliver on its strategy in 2018. Both the Kraken and Catcher developments in the UK North Sea have delivered first oil production. In Senegal, Cairn completed a successful third phase of drilling with the…