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20 December 2017
TechnipFMC Awarded Integrated EPCI Contract for the VNG Fenja Project in the Norwegian Sea
TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from VNG Norge AS.The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Fenja Project (previously known as Pil & Bue). Fenja is located in the Norwegian Sea…
20 December 2017
Eni begins producing from Zohr, the largest ever discovery of gas in the Mediterranean Sea
The field, with potential resources in excess of 30 Tcf of gas in place, started-up in less than two and a half years from the discovery: a record time for a field of this size in deep waters San Donato Milanese (Milan), 20 December 2017 – Eni has produced its…
19 December 2017
MODEC awarded Charter and Operation services Contract for Mero Pilot FPSO by Petrobras and Partners of LIBRA Consortium
MODEC, Inc. (“MODEC”) is pleased to announce that it has signed the contract for supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel with Petróleo Brasileiro S.A. (“Petrobras”) as Leader and Operator of the Libra Consortium on December 14th, 2017. The firm charter period of the…
19 December 2017
Brazil: Total Launches Large-Scale Development of the Giant Libra Field
Total announces that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin in Brazil. This phase, consisting of a floating production storage and…
19 December 2017
Eni Norge has resumed production of oil on Goliat
Eni Norge resumed production of oil on Goliat on 17.12.17. Extensive maintenance and modification work has been conducted during a planned campaign during this fall. Furthermore, Eni Norge has completed work following an order related to the electrical system issued by the petroleum authority on October 6th. During 2017 the…
19 December 2017
McDermott and CB&I to Combine in Transaction Valued at $6 Billion
McDermott International, Inc (NYSE:MDR) and CB&I (NYSE:CBI) today announced that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation ("EPCI") service offering and market leading technology portfolio.Upon completion of the transaction, McDermott…
19 December 2017
Drilling permit for wells 24/9-12 S, 24/9-12 A and 24/9-12 B in production licence 340
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wells 24/9-12 S, 24/9-12 A and 24/9-12 B, cf. Section 8 of the Resource Management Regulations.Wells 24/9-12 S, 24/9-12 A and 24/9-12 B will be drilled from the Transocean Arctic drilling facility at position 59°20’ 58.95’’ north…
19 December 2017
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for well 34/2-5 S, cf. Section 8 of the Resource Management Regulations
Well 34/2-5 S will be drilled from the Transocean Arctic drilling facility at position 61°45'34" north and 2°35'9.53" east following completion of production drilling on the Alvheim field.The drilling program for well 34/2-5 S concerns the drilling of a wildcat well in production licence 790. Aker BP is the operator…
18 December 2017
Kvaerner Awarded Contract for Valhall Flank West
18 December 2017
Aker Solutions Wins Orders From Aker BP For Offshore Norway Fields
The subsea work will be carried out as part of Aker Solutions' subsea alliance with Aker BP and Subsea 7. The topside engineering work is being undertaken as part of a wellhead platform alliance with Aker BP, Kvaerner and ABB. The alliances have previously completed front-end engineering work for both…
18 December 2017
Successful Gas Infrastructure Divestment in Norway
“The transaction represents a step forward in DEA’s strategy to divest legacy infrastructure assets in our portfolio and unlock value in support of the growth of our upstream business," said Hans-Hermann Andreae, Managing Director of DEA Norge. The transaction is expected to complete in the first half of 2018, subject…
18 December 2017
Statoil Acquires 25% of the Roncador Field in Brazil and Advances its Strategic Partnership with Petrobras to Increase Recovery
18 December 2017
Siem Helix 2 Commences Operations in Brazil
Owen Kratz, President and Chief Executive Officer of Helix, stated, “We are pleased to announce the commencement of operations of Siem Helix 2 for Petrobras. Our team applied the lessons learned from the Siem Helix 1 process to efficiently complete the Siem Helix 2 acceptance and testing. With the addition…
15 December 2017
UKCS Operating Costs Decrease by 14% in 2016, Falling for Second Consecutive Year
Operating costs in the UK Continental Shelf (UKCS) dropped by 14% in 2016 with operators securing approximately £1.1 billion reductions in operating expenditure (OPEX).The “Analysis of UKCS Operating Costs in 2016” inaugural report, published today by the Oil and Gas Authority (OGA), shows that UKCS total operating costs fell for…
15 December 2017
Ultra Deep Solutions Sheds More Light on Van Gogh Vessel Charter
Ultra Deep Solutions has revealed the name of the client for the recently announced 5-year charter deal for its Van Gogh diving support construction vessel.The offshore vessel owner initially informed of the contract for the Van Gogh in the first week of December, without giving out the identity of the…
15 December 2017
Petrobras and ExxonMobil Form Strategic Alliance
Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of ExxonMobil…
15 December 2017
Blythe Licence Extension
Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that licence P1736 that contains the Blythe gas discovery has been extended by 12 months to 31st December 2018.The Blythe gas field contains 33 BCF of 2P reserves…
15 December 2017
Submitting Plan for Development and Operations (PDO) for Skogul
Aker BP ASA has submitted the plan for development and operations (PDO) for the Skogul field (formerly Storklakken) to the Norwegian Ministry of Petroleum and Energy, on behalf of the Skogul partnership.The Skogul field is located 30 kilometers north of Alvheim FPSO, and will be developed as a subsea tieback…
15 December 2017
Subsea 7 Awarded Contracts Offshore Norway
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of two contracts from alliance partner Aker BP in the Norwegian North Sea. The contracts are for the Skogul project and the Valhall Flank West project, which collectively are equivalent to a sizeable(1) award.The Skogul project (previously called…
15 December 2017
Submitting Plan for Development and Operations (PDO) for Ærfugl
Aker BP ASA (Aker BP) has, on behalf of the joint venture partners, submitted the Plan for Development and Operations (PDO) for Ærfugl to the Norwegian Ministry of Petroleum and Energy (MPE).The Ærfugl field, including Snadd Outer, is a unique gas condensate field, nearly 60 km long and just 2-3…
15 December 2017
Submitting Plan for Development and Operation (PDO) for Valhall Flank West
Aker BP ASA has submitted the Plan for Development and Operation (PDO) for Valhall Flank West to the Norwegian Ministry of Petroleum and Energy, on behalf of the Valhall joint venture.Valhall is a giant oil field in the southern part of the Norwegian sector in the North Sea. The Valhall…
15 December 2017
Repsol Norge Selects Atkins to Design Yme Structural Remediation
Atkins, member of the SNC-Lavalin Group, has been awarded a contract with oil and gas operator Repsol Norge AS (RNAS) to provide structural front end engineering design (FEED) and detailed design services for the remediation of the Yme asset in the Norwegian Central North Sea following completion of Repsol’s project…
14 December 2017
Kongsberg Digital Acquires a Share of NSG Digital
Kongsberg Digital is purchasing a 34 per cent ownership share in NSG Digital, a subsidiary of the supply base and logistics company NorSea Group. NorSea Group, controlled by Wilhelmsen, is joining forces with Kongsberg Digital to digitalise the supply chain in the oil and gas and offshore wind industries.Kongsberg Digital…
14 December 2017
World First for Woodside and ABB
Woodside has formalised an agreement with ABB Australia Pty Ltd under which a microgrid solution with a lithium-ion PowerStore Battery energy storage system will be installed on its Goodwyn A platform in the second half of 2018, marking the first offshore application of such technology in the world.The installation of…
14 December 2017
EMGS Reports Multi-client Sales in the Barents Sea
Electromagnetic Geoservices ASA (EMGS) has entered into data licensing agreements related to 3D CSEM multi-client data in the Barents Sea in Norway. The agreements represent combined revenues of approximately USD 1.4 million.
14 December 2017
Phoenix Project Update
Joint Venture partner meetingThe Joint Venture partners met recently to review progress on the Phoenix project. The key work flows presented included preparing for drilling the Phoenix South-3 and Dorado-1 wells in 2018, advancing technical work to improve the understanding of the basin’s geology and refining additional drill prospects to…
14 December 2017
SNC-Lavalin and Saudi Aramco Sign MoU Supporting in-country Opportunities
SNC-Lavalin (TSX: SNC) and Saudi Aramco today signed a Memorandum of Understanding (“MoU”) signalling SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia. The MoU supports Saudi Aramco’s In-Kingdom Total Value Add (“IKTVA”) program, which applies to Saudi Aramco suppliers and drives…
14 December 2017
Statoil and QGEP Complete Transaction on the Carcará Oil Discovery in Brazil
Statoil and Queiroz Galvão Exploração e Produção (QGEP) have completed their transaction announced in July 2017, whereby Statoil has acquired QGEP’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of USD 379 million.Following the completion of this transaction, Statoil and its partners in the…
14 December 2017
Statoil Awards Long-term Subsea Contracts on the Norwegian Continental Shelf
Statoil has awarded new subsea maintenance framework agreements to Aker Solutions, TechnipFMC og OneSubsea. The contracts have a total estimated value of more than NOK 8 billion and a duration extending to 2023. In addition, the contracts include options for a total of 20 years. The estimated total value will…
14 December 2017
Aker Solutions Secures Subsea Services Agreement With Statoil
The contract has a fixed period of five years, starting in the first quarter of 2018, and contains five four-year extension options. Its value depends on the amount of work ordered by Statoil under the agreement. This is currently estimated at about NOK 3 billion for the fixed period and…
13 December 2017
Regulatory Approvals Received for Kupe Transaction
Approval has been received from the Overseas Investment Office and from New Zealand Petroleum & Minerals for New Zealand Oil & Gas to purchase Mitsui E&P Australia's 4 per cent interest in the Kupe gas and light oil field.The transaction was announced in May and has an effective economic date…
13 December 2017
Chariot Oil & Gas Operational Update - Morocco
In Morocco, Chariot announced the transfer of operatorship to Eni of the Rabat Deep Offshore Exploration Permits I-VI. The Rabat Deep partnership will be drilling the RD-1 well using the Saipem 12000 drillship with spud expected in March 2018. The prospect that this well is targeting, JP-1, has audited gross…
13 December 2017
Nord Stream 2 Project Staying on Track
The Gazprom Management Committee took note of the information regarding the progress of the Nord Stream 2 project.It was noted at the meeting that the project was going according to plan with support from Europe’s leading energy companies. Permits are currently being drawn up. National environmental impact assessment reports were…
13 December 2017
Eni Completes its 2017 Drilling Campaign in Area 1, Offshore Mexico, with Another Successful Well and Increases the Hydrocarbon in Place Estimate to 2 Billion Barrels
Eni successfully drilled the Tecoalli 2 well, in the shallow waters of the Campeche Bay, offshore Mexico. Thanks to the results of this well and the revision of the reservoir models of the Amoca and Miztón fields, the hydrocarbon in place estimate for Area 1 is boosted from 1.4 to…
13 December 2017
Aker Solutions Wins Modifications Contract From Maersk Drilling
Aker Solutions won an order from Maersk Drilling to modify the production module on the Mærsk Inspirer jack-up rig for the Repsol-operated Yme oilfield offshore Norway.The order is valued at about NOK 1 billion and will be booked in the fourth quarter. The work scope covers engineering, procurement, construction, installation…
13 December 2017
Forties Pipeline System – Updated Statement
n an updated statement regarding the closure for repair of the Forties Pipeline System, Deirdre Michie, Chief Executive of Oil & Gas UK, said:“We have been in touch with Ineos and are closely monitoring the situation. The shutting down of the Forties pipeline does cause significant issues for our industry,…
12 December 2017
Kosmos Energy Provides Update on Exploration Drilling Program Offshore Mauritania
Kosmos Energy announced today that it has completed drilling the Lamantin-1 exploration well located in Block C-12 offshore Mauritania in approximately 2,200 meters of water.Lamantin-1 was drilled to a total depth of 5,150 meters and was designed to evaluate a previously untested Lower Campanian base of slope fan supplied from…
12 December 2017
Sparrows Group announces acquisition of wind energy specialist Alpha Offshore Service
Sparrows Group has cemented its position in the renewables sector with the acquisition of Danish wind energy specialist Alpha Offshore Service A/S.Already a supplier of capital equipment to the wind energy industry, the deal significantly strengthens the group’s operations and maintenance capabilities in the sector.Alpha Offshore provides engineering personnel and…
12 December 2017
ExxonMobil Makes New Oil Find in Equatorial Guinea Block EG-06
The government of Equatorial Guinea has partnered with ExxonMobil in Block EG-06 through a 20-percent stake held by national oil company GEPetrol.ExxonMobil discovered oil at its Block EG-06 Avestruz-1 well, drilled in October 2017.Commerciality is yet to be established for the Avestruz discovery.The block is located next to the legacy…
12 December 2017
Hurricane Energy plc Operational Update and Analyst Visit
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operations update on activities related to the Early Production System on the Lancaster Field ("Lancaster EPS"), at Drydocks World, Dubai, ahead of an analyst visit this…
12 December 2017
Frame Agreement for Maintenance Engineering Support with A/S Norske Shell
Apply Sørco has been awarded 2 years extension for the Frame Agreement for Maintenance Engineering Support with A/S Norske Shell. The contract scope is also adjusted to allow for delivery of other services related to operations support both onshore and offshore.The contract and the services has been in operation since…
11 December 2017
Spirit Energy Launched Following Completion of Centrica and Bayerngas Norge E&P Joint Venture
Spirit Energy, the E&P joint venture which combines Centrica plc’s E&P business with Bayerngas Norge AS, has begun trading as an independent oil and gas operator. Completion of the transaction – which was announced on 17 July, 2017 – follows receipt of all the required regulatory approvals and Spirit Energy…
11 December 2017
CHC Announces New Contract with Centrica to Support Norwegian Sea Drilling Program
CHC Group today announced it has been awarded the contract from Centrica to provide helicopter services in support of their forthcoming drilling program at the Fogelberg field in the Norwegian Sea.“We are excited to work with Centrica as their aviation partner in this project,” said Mark Abbey, CHC Regional Director…
11 December 2017
Jumbo Signs Loi to Order New LNG Powered Offshore Construction Vessel
Jumbo has signed a Letter of Intent (LOI) with China Merchants Industry Holdings (CMIH) for the provision of the detailed engineering and construction of a new DP2 Heavy Lift Crane Vessel (HLCV) estimated to be delivered in the first quarter of 2020.Jumbo is a heavy lift shipping and offshore transportation…
11 December 2017
The New Gas Field Discovery in Bohai is Expected to Provide Quality Clean Energy in the Beijing-Tianjin-Hebei Region
11 December 2017
Eni Can Resume Goliat Production
Following an overall assessment, the Petroleum Safety Authority Norway (PSA) has determined that the order which required a shutdown of Goliat has now been complied with. This means that operator Eni Norge (Eni) can bring the field back on stream.The PSA decided on 10 November to conduct a verification related…
11 December 2017
Sale of Interest in ETS Pipeline
Tony Durrant, Chief Executive, commented: “The sale of the ETS pipeline interest is another step in realising value from the E.ON UK portfolio acquired by Premier for $120 million in 2016. The ETS pipeline does not serve any fields owned by Premier and is therefore non-core to the group.”
8 December 2017
Ashtead Technology and Forum Energy Technologies, Inc. Announce Subsea Rentals Joint Venture
Ashtead Technology and Forum Energy Technologies, Inc. have agreed to form a joint venture, creating the industry’s leading provider of subsea survey and ROV equipment rental and associated services. Forum will contribute its subsea rentals business, currently trading as Forum Subsea Rentals.The combined group, with a rental fleet of 19,000…
8 December 2017
MacArtney umbilical winch for multi-functional pre-laying cable plough
Requiring a trenching umbilical winch for deployment of underwater equipment, Assodivers places order with MacArtney for more winchesMacArtney winch and handling solutions embrace some of the most advanced and rugged systems available and have been trusted by operators within maritime industries for decades. Manufacturing winches and handling systems for all…
8 December 2017
CGG Releases Multi-client Airborne Gravmag Survey over Perdido Fold Belt, Mexico
CGG Multi-Physics has announced completion of the acquisition, processing and interpretation of a multi-client airborne gravity and magnetic survey of approximately 38,000 line km over the Perdido Fold Belt. Data acquisition of area AOI 1 was completed in December 2016 utilizing a Basler geophysical survey aircraft. This survey is the…