Search News
Latest News
8 December 2017
LUKOIL Starts Drilling of the First Production Well at the Phase 2 of Filanovsky Fields
LUKOIL finished most of the construction works at Vladimir Filanovsky field's Phase 2 development facilities and started drilling of the first production well. The drilling is planned to be completed in early 2018. The Phase 2 facilities will allow to reach the stable designed production plateau of 6 million tonnes…
8 December 2017
Spectrum ASA: New Spectrum 2D Multi-Client Survey to Define Hydrocarbon Potential Offshore Mozambique
Spectrum announces the commencement of a 2D seismic survey offshore Mozambique on behalf of the Institute of National Petroleum (INP) and in anticipation of future license rounds.This new 2D seismic programme of up to 19,000 km will be undertaken utilising a 10,000 m long offset with continuous recording to enable…
8 December 2017
Chevron Announces $18.3 Billion Capital and Exploratory Budget for 2018
Chevron Corporation today announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies.“Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John…
8 December 2017
BASF and LetterOne sign letter of intent to merge their oil and gas subsidiaries Wintershall and DEA
BASF and LetterOne signed a letter of intent today to merge their respective oil and gas businesses in a joint venture, which would operate under the name Wintershall DEA. The oil and gas business of BASF is bundled in the Wintershall Group consisting of Wintershall Holding GmbH and its subsidiaries,…
7 December 2017
IKM Testing Bags Subsea 7 Contract in Australia
IKM Testing Australia has secured a subsea pre-commissioning services contract from Subsea 7 Australia.The contract covers pipeline and umbilical pre-commissioning activities in Australia.The engineering operation will start immediately with installation campaigns slated for 2018, the company informed.Natalie Brown, managing director of IKM Testing Australia said: “This contract confirms IKM Testings’…
7 December 2017
NorSea Group to Build New Ro-ro Facility at Polarbase for 60 Million NOK.
NorSea Group is to invest 60 million NOK, with Hammerfest Harbour, to build a new Roll-on/Roll-off facility at its Polarbase supply base. The announcement follows Statoil’s submission this week of its PDO (Plan for Development and Operation) for the Johan Castberg Project in the Barents Sea. Further investment plans by…
7 December 2017
Consent to Use Askepott at Oseberg
Statoil has received consent to use the Askepott mobile drilling facility to perform well activities at Oseberg Vestflanken 2.The consent given covers drilling, sidetrack drilling, plugging and well interventions at Oseberg Vestflanken 2.Drilling is scheduled to begin in October/November 2017. The consent applies until November 2025.Askepott is a jack-up drilling…
7 December 2017
New PGS 3D Seismic in North Madura Supports MIGAS Licensing Plan
Seismic vessel PGS Apollo has completed a triple source MultiClient 3D survey in North Madura and is now available for other acquisition projects, as part of PGS' support for the MIGAS plan for licensing new areas in the North Madura / East Java Basin and beyond.The North Madura 3D is…
7 December 2017
INPEX, Partners Agree to Extension of Concession Offshore D. R. Congo Block
INPEX CORPORATION announced today that it and its partners Muanda International Oil Company Ltd. (MIOC) and Chevron have reached an agreement with the government of the Democratic Republic of the Congo to extend the duration of the concession agreement for the Offshore D.R. Congo Block (the Block) for a period…
7 December 2017
Eni Achieves Financial Close for Coral South FLNG
Eni, together with its Area 4 Partners, announces that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000 split in the following facilities:BPI Export Credit Agency Covered LoanKEXIM Export Credit Agency Covered LoanKsure Export Credit Agency Covered LoanSace Export Credit Agency Covered…
7 December 2017
Erin Energy Announces the Spud of Oyo-NW Well
Erin Energy Corporation today announced it has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, a sixth-generation drilling rig, on the Company’s offshore Nigeria block 120. The well is expected to take approximately 60 days to drill…
7 December 2017
Aker Solutions to Design Johan Castberg FPSO Accommodation Unit
Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO).The work scope includes detailed design engineering of the living quarters and technical specifications for the equipment and supplies required for Sembcorp to construct the accommodation…
7 December 2017
SBM Offshore Awarded Turnkey Contract for Statoil’s Johan Castberg Turret Mooring System
SBM Offshore is pleased to announce that the Company has been awarded the contract and received the corresponding notice from Statoil to proceed with the engineering, procurement, construction (EPC) work scope for a large-scale turret mooring system for its Johan Castberg development.This award results from successful delivery of the front-end…
6 December 2017
FairfieldNodal Awarded Z700® Project in North Sea June 2018
FairfieldNodal will begin a large Z700 acquisition project in the North Sea, June 2018.FairfieldNodal acquired the original baseline survey with the Z700 data acquisition system, ideally suited to perform the ultimate 4D monitor for superior data quality.This acquisition project is expected to take less than two months to complete.
6 December 2017
Siccar Point Energy to Drill Lyon Exploration Well in 2018
Siccar Point Energy E&P Limited (“SPE” or the “Company”) is pleased to confirm that the previously announced Lyon exploration well farm‐out deal with Ineos UK SNS Limited (“Ineos”) has now completed. The company has also simultaneously entered into a contract extension with North Atlantic Drilling Ltd (“North Atlantic Drilling”) for…
6 December 2017
Acquisition of EDS HV Group Limited
James Fisher and Sons Plc ("James Fisher" or "the Group") announces the acquisition of the entire share capital of EDS HV Group Limited ("EDS") for an initial consideration of £9.0m in cash with potential further consideration of up to £5.6m subject to profit targets for the two years ending 30…
6 December 2017
Sembcorp Marine and Shell Sign Letter of Intent for Construction of Hull and Topside as well as Integration of Vito Floating Production Unit
Sembcorp Marine Ltd (the “Group”) is pleased to announce that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters Pte. Ltd. has signed a Letter of Intent (LOI) with Shell Offshore Inc. (“Shell”) for the construction of the hull and topside as well as the integration of the Vito floating production…
6 December 2017
Letter of Intent to North Atlantic for Fenja Drilling
VNG Norge on behalf of the PL 586 partners has issued a Letter of Intent (LOI) to North Atlantic Norway Ltd for the drilling rig “West Phoenix” for drilling of the development wells for the Fenja project in the Norwegian Sea.The LOI covers six fixed development wells (three producers, two…
6 December 2017
Solid Applicants Want to Explore in the 24th Round
Eleven companies have applied for production licenses in the 24th licensing round on the Norwegian shelf. The deadline for applications was 30 November.A total of 102 blocks or parts of blocks were announced in this licensing round. Of these, nine are in the Norwegian Sea and 93 in the Barents…
5 December 2017
Lloyd's Register Selected to Drive Integrity for BPTT in Trinidad & Tobago
Leading technical expertise provided by Lloyd's Register will support corrosion monitoring and management activities to provide BPTT with improved efficiencies and support for its Integrity Management operation.BP Trinidad and Tobago LLC. (BPTT), one of the leading upstream operators in Trinidad and Tobago's Energy sector, is working with Lloyd's Register (LR)…
5 December 2017
Beatrice Offshore Wind Farm - All Piled Out...
The Beatrice project reached a significant milestone yesterday as the final cluster of foundation piles was safely installed marking the end of the piling phase of offshore construction.A total of 86 clusters of four piles (344 individual piles) are now in place in the Moray Firth. All were installed by…
5 December 2017
Solutions Extends Long-Term Hire Contract Including Extended Scope with Additional 2000t Turntable
Oceanteam Solutions has recently signed a contract extension for the supply of additional equipment and engineering services. The 2000t turntable lay spread will be mobilised on the client’s cable lay barge that already has an Oceanteam Solutions’ 4000t turntable lay spread mounted on deck. Both turntables will work on the…
5 December 2017
Final Drilling Update on Manora-6 and Manora-6ST
Tap Oil Limited (“Tap”) provides the following drilling update on the Manora-6 exploration well in the G1/48 concession in the northern Gulf of Thailand (Tap 30% interest).Mubadala Petroleum, Operator of the G1/48 Concession and the Manora oil field, has advised that drilling of the Manora-6 well reached total depth at…
5 December 2017
ExxonMobil Acquires Exploration Acreage in Three Mauritania Offshore Blocks
ExxonMobil today announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.“These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank the…
5 December 2017
Angola: Total paves the way for new projects in the country
Patrick Pouyanné, Chairman and CEO of Total, had an audience today with João Lourenço, recently elected President of the Republic of Angola, and with Carlos Saturnino, new Chairman of Sonangol, the national oil company.On this occasion, Total and Sonangol signed several agreements covering both upstream and downstream activities.“As Angola’s main…
5 December 2017
Submitting Plan for Development and Production, and Awarding Johan Castberg Contracts
Statoil today submits the PDO (plan for development and operation) for the Johan Castberg project on behalf of the partnership with Eni and Petoro. Several major contracts will also be awarded to Norwegian industry.“This is a great day! We have finally succeeded in realising the Johan Castberg development. The project…
4 December 2017
First Merkur Towers & Blades Arrive in Eemshaven
The first blades and tower sections for GE Haliade 6MW wind turbines that will spin at the Merkur offshore wind farm in Germany have arrived at the Buss Orange Blue Terminal in Eemshaven port, the Netherlands.The blades, built by LM Wind Power, are being transferred to Eemshaven from the Port…
4 December 2017
Subsea 7 Becomes Shareholder of Airborne Oil & Gas
Airborne Oil & Gas (AOG) informed that Subsea 7 has joined its shareholder base. The investment by Subsea 7 entails a partnership of strategic importance to both parties providing the oil & gas industry with cost effective pipe technology solutions, the company said.Marnix Boorsma, CEO Airborne Oil & Gas “We…
4 December 2017
JGC Awarded EPC Contract for Gas Processing Plant Project in Indonesia
JGC Corporation announced today that, in partnership with JGC Indonesia, a subsidiary of JGC Corporation, and PT Rekayasa Industri of Indonesia, it has received an order for engineering, procurement and construction (EPC) work for the construction of a gas processing plant in Bojonegoro, East Java Province, Indonesia. The lump-sum turn…
4 December 2017
JGC Awarded EPC Contract for Gas Processing Plant Project in Indonesia
JGC Corporation announced today that, in partnership with JGC Indonesia, a subsidiary of JGC Corporation, and PT Rekayasa Industri of Indonesia, it has received an order for engineering, procurement and construction (EPC) work for the construction of a gas processing plant in Bojonegoro, East Java Province, Indonesia. The lump-sum turn…
4 December 2017
P2304 Offshore Licence Acquisition
Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of 100% interest in Promote Licence P2304 (UKCS Block 41/24) from Arenite Petroleum Limited (“Arenite”) and Europa Oil & Gas Limited (“Europa”). P2304 is located to the immediate south of Egdon’s 100% owned licence P1929 (UKCS Blocks 41/18 and 41/19)…
4 December 2017
Several Contracts Awarded in Australia for Solstad
SolstadFarstad ASA (SOFF) has been awarded several new contracts for the provision of vessels within Australia. McDermott International Inc. affiliated company, MAPL have awarded the provision of a General Purpose Support Vessel, Far Stream, and pipe-haul PSV’s performing services for work Offshore Western Australia. The contract is due to commence…
4 December 2017
AkerBP ASA Divests 10% in Valhall/Hod
Aker BP ASA ("Aker BP") has entered into an agreement with Pandion Energy AS ("Pandion Energy") to divest 10 percent interest in the Valhall and Hod fields for an undisclosed cash consideration.Aker BP is the operator of the Valhall and Hod fields. In October 2017, Aker BP entered into an…
4 December 2017
Acteon Group Strengthens Moorings Offering with Acquisition of Viking Seatech Group
Subsea services group Acteon is today announcing that it has enhanced its moorings capabilities by completing the purchase of the Viking Seatech Group. The announcement follows regulatory approval for Acteon to acquire Viking Seatech while selling Mirage Machines to Actuant, a US corporation. Paul Alcock, executive vice president at Acteon,…
4 December 2017
Lundin Petroleum Spuds Exploration Well on the Hurri Prospect in the Southern Barents Sea
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7219/12-3 on the Hurri prospect in PL533 in the southern Barents Sea.The well is located in PL533, approximately 2 km southwest of the Filicudi oil…
1 December 2017
Divestment Non-Core Trenching and Cable Laying Business Finalised
Today, Fugro has finalised the divestment of its non-core trenching and cable laying business to Global Marine Group (GMG), a global, leading supplier of subsea cable installation and maintenance services.GMG has acquired the business in exchange for an equity stake of around 24% in the combined business valued at US$…
1 December 2017
Lewek Connector: Short Term Charter Contract
Ocean Yield ASA ("the Company") is pleased to announce that the Company has entered into a Time Charter contract for the vessel Lewek Connector. The charter will commence about 1 March 2018 with a firm period of 130 days, plus up to 130 days extensions in the charterer's option. The…
1 December 2017
Contract Awarded with Statoil in Brazil
Statoil Brasil Óleo e Gás Ltda. has awarded SolstadFarstad a 2 years firm contract to the Brazilian flagged PSV “Sea Brasil” (2012, PSV 09 CD, 4700 DWT). The vessel will support production activity at “Peregrino field”, in Campos Basin. Commencement of the contract is expected to take place during December…
1 December 2017
200 Billion Cubic Meters of Gas Delivered via Nord Stream
At 12:59 p.m. Moscow time on 30th November, the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.“The Nord Stream gas pipeline is a high-profile pan-European infrastructure project, a stellar example of mutually beneficial and productive cooperation between…
1 December 2017
Declaration of Commerciality of the Libra Northwest area, in the Pre-salt of Santos Basin
Petróleo Brasileiro S.A. – Petrobras, as the Operator and acting on behalf of the Libra Consortium, announces that today it submitted the declaration of commerciality to the Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) regarding the oil accumulation located in the northwestern portion of Libra block, in the…
1 December 2017
Acquisition of 25% Interest in Magnus Oil Field Completed
EnQuest PLC ('EnQuest') today announces that it has completed the acquisition of an initial 25% interest in the Magnus oil field ('Magnus'), a 3.0% interest in the Sullom Voe Oil terminal and supply facility ('SVT') and additional interests in associated infrastructure from BP as planned. EnQuest is now the operator…
1 December 2017
Saipem Awarded New EPC Offshore Contract In Saudi Arabia and Additional Works of Existing Contracts in West Africa for Approximately 400 Million USD
Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. The contract’s main scope of work includes the engineering, procurement and construction of a new 42” offshore pipeline replacing…
1 December 2017
Fugro Wins Orsted Contracts For Site Investigations at Two Large-Scale U.S. Offshore Wind Projects
Fugro has been awarded contracts by Ørsted to undertake geotechnical investigations at two large-scale offshore wind development sites.Ørsted is pursuing the development of these two new projects - Bay State Wind, located 15 miles off the coast of Martha’s Vineyard, Massachusetts and Ocean Wind, 10 miles off the New Jersey…
1 December 2017
DUC Partners Approve the Largest Ever Danish North Sea Investment
Maersk Oil is pleased to announce that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Danish Parliament’s approval to implement legislation to secure the investment.The redevelopment of Tyra ensures continued production from…
30 November 2017
Two-Bladed Pioneer Seawind Lands Greek Islands Deal
Two-bladed offshore wind turbine pioneer Seawind has landed a breakout deal with Greek renewables developer WRE Hellas to build arrays of bottom-fixed offshore and floating wind farms to power islands in the Aegean Sea, Recharge can reveal.The project, expected to lead to developments of 50-100MW, is being advanced under the…
30 November 2017
Award of 3D Seismic Reprocessing Contract
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce the award to DMT Petrologic GmbH & Co. KG ("DMT Petrologic") of a contract to reprocess the 3D seismic data over and around Tower's…
30 November 2017
VOS Patience and VOS Partner chartered to TechnipFMC
We are pleased to announce that VOS Patience and VOS Partner recently commenced a charter for TechnipFMC. The two platform-supply vessels (PSV) were delivered in Malta and will support TechnipFMC, supplying pipelines and subsea materials to TechnipFMC’s construction assets offshore in the Mediterranean. Both units will operate in the Mediterranean…
30 November 2017
Local Dive Consultancy Doubles in Size Following Major Contract Win
Aberdeen based dive consultancy DiveSource Limited end 2017 on a positive note, with the company being awarded a multi-million pound contract with an established UK North Sea Operator. DiveSource have secured a three year Master Service Agreement, with two optional one-year extensions, with an established UK North Sea Operator for…
30 November 2017
Hess Completes Sale of Interests in Equatorial Guinea
Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017.“Our 2017 asset monetizations have exceeded expectations in terms of value and timing,”…
30 November 2017
Statoil Awards Battery Contract in Batwind Project
Hywind Scotland, the world’s first floating wind farm, will next year be equipped with a battery to store power from the wind farm. The purpose is to “teach” the battery when to hold back and store electricity, and when send power to the grid, thus increasing value of the power.Statoil…