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3 November 2017
Engie E&P Increases Resource Estimate on Cara
ENGIE E&P, the operator of the Cara-licence (PL 636) in the Norwegian sector of the North Sea, is increasing the resource estimate. ENGIE E&P now estimates that the Cara discovery contains 56 - 94 million barrels of oil equivalent.Cara is a gas and oil discovery in PL636 in block 36/7,…
3 November 2017
Emerson Signs Collaboration Agreement With Statoil
Emerson has signed a collaboration agreement with leading Norwegian operator Statoil to further develop its Roxar RMS™ reservoir characterization and modeling software. The announcement is the latest in a series of partnerships between Emerson and Statoil that has spanned many years and includes high-value contracts on a number of Statoil’s…
3 November 2017
Bay State Wind Launches New Bedford Office
Bay State Wind, a partnership between Ørsted (DONG Energy) and Eversource established to develop the Bay State Wind wind farm offshore Massachusetts, has opened an office in New Bedford.“New Bedford is going to be the epicenter for offshore wind in Massachusetts,” Thomas Brostrom, General Manager at Bay State Wind, said.…
3 November 2017
GeoSea to Install 90 MHI Vestas 9.5MW Turbines at Triton Knoll
GeoSea has been awarded a preferred supplier contract for the transportation and installation of 90 MHI Vestas 9.5MW wind turbines for the Triton Knoll offshore wind farm in the UK. The works are expected to start in the first quarter of 2021.The contract also includes the design and manufacture of…
3 November 2017
TechnipFMC Wins with Murphy Oil Off Sabah, Malaysia
TechnipFMC has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A block H gas development project.The project is located in offshore Sabah, Malaysia, at a water depth of approximately 1,300 meters.This contract covers the engineering, procurement, construction, installation and commissioning (EPCIC) of the umbilicals, risers and…
2 November 2017
Ørsted Divests 50% of Walney Extension Offshore Wind Farm and Increases Outlook for 2017
Ørsted (the former DONG Energy) has signed an agreement to sell 50% of Walney Extension, a 659 megawatt (MW) UK offshore wind farm project to a consortium consisting of PKA and PFA, two leading Danish pension funds. Each investor will obtain a 25% ownership interest in the project. Walney Extension,…
2 November 2017
Xodus and Subcon Form Decommissioning Alliance
Xodus has entered into collaboration with stabilisation and artificial reef specialist Subcon to deliver Integrated Rigs to Reefs (IR2R) decommissioning solutions.The IR2R solution is meant to resolve challenges owners face by augmenting and integrating the retiring assets into purpose built reefs.This partnership combines Xodus’ decommissioning capabilities with Subcon’s track record…
2 November 2017
Nexen Hires Maersk Drilling Rig for Buzzard Campaign
Danish driller Maersk Drilling has been awarded a contract by Nexen Petroleum for the drilling of three wells and options for nine additional wells at UK’s largest producing oil field, the Buzzard field in the Central North Sea.The drilling campaign is for the Buzzard Phase II Development Project and is…
2 November 2017
Greece Signs Oil, Gas Exploration Deal with Total, Edison
Greece signed oil and gas exploration deal with a Total-led consortium for the Ionian hydrocarbon block offshore Greece, the Greek Ministry of Environment and Energy announced on Monday.The Total-led consortium, including Italy's Edison and Greece's Hellenic Petroleum (ELPE), entered into a contract with the Greek government for the concession for…
2 November 2017
Significant Prospective Resources Confirmed and Well Committed at Harvey
Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce its commitment to drill an appraisal well on Harvey and the results of a Competent Person’s Report (“CPR”) on the Harvey licence by ERC Equipoise Limited ("ERCE").Highlights:CPR confirms…
2 November 2017
Siccar Point Energy and BHGE Sign Agreement for UK North Sea Project
Siccar Point Energy Limited (SPE) and Baker Hughes, a GE company (NYSE: BHGE) announced an agreement for the development of the Cambo field, located North West of the Shetland Islands in the UK.BHGE has been selected as the exclusive supplier to support the appraisal and early production phases of the…
2 November 2017
INEOS Completes the Acquisition of the North Sea Forties Pipeline System and Kinneil Terminal from BP
The completion of the deal consolidates INEOS’ position as a top ten company in the North Sea and the largest privately owned exploration and production business operating in the energy basin.The FPS business is a natural fit for INEOS. Now with the responsibility for a strategic UK asset that delivers…
2 November 2017
Sea Challenger Mobilising for Merkur in Eemshaven
A2SEA’s jack-up vessel Sea Challenger arrived at the Orange Blue Terminal in the Eemshaven port last night, 31 October, and will soon start installing transition pieces (TPs) at the Merkur offshore wind farm, Eemshavenonline.nl reports. A2SEA’s spokesperson told Offshore WIND that the vessel is currently finalising the mobilisation in Eemshaven…
1 November 2017
Ocean Installer Lands Cambo Field Job
Ocean Installer has been awarded an agreement with Siccar Point Energy and Baker Hughes, a GE company, to support the appraisal and early production phases of the Cambo Project, with the ability to extend into the future developments.Ocean Installer will execute the job as part of an alliance with Baker…
1 November 2017
McDermott Clinches KG-D6 Subsea Contract
McDermott International has received a letter of award from Reliance Industries for the KG-D6 subsea field development in the Krishna Godavari Basin, located off the east coast of India.McDermott will provide engineering, procurement, installation and pre-commissioning of subsea flowlines, vent lines, and a pipeline-end manifold for connection with six subsea…
1 November 2017
Trianel Windpark Borkum II Deal for Vos Prodect
Vos Prodect Innovations has been contracted by Norddeutsche Seekabelwerke (NSW) regarding the design and delivery of inter-array cable hang-off systems for Trianel Windpark Borkum II project.Scope includes delivery of sealed hang-off systems for WTG’s and unsealed hang-off systems for OSS. Sealed cable hang-offs are validated up to 2 bar air…
1 November 2017
McDermott Scoops Up ‘Significant’ Middle East Project
McDermott has been awarded for a contract between USD $250 million and USD $500 million for the engineering, procurement, construction and installation (EPCI) services for an offshore Middle East redevelopment project.McDermott plans to fabricate and install four wellhead topsides, a manifold platform and jacket together with associated subsea pipelines and…
1 November 2017
New Production Sharing Contract, Offshore Vietnam
SOCO is pleased to announce that a Production Sharing Agreement (“PSC”) for Blocks 125 & 126, offshore central Vietnam, between PetroVietnam, SOVICO Holdings and SOCO was formally signed on 27th October 2017, awarding SOCO a 70% operated interest over the two blocks. The signing ceremony in Hanoi was attended by…
1 November 2017
DOF Subsea Multiple Contract Awards
DOF Subsea has been awarded several contracts, securing utilisation for several vessels in the Subsea IMR Projects segment.In the Atlantic region, DOF Subsea has been awarded a contract within wind industry, securing utilisation of Skandi Neptune for 45 days + options in Q4.In the North America region, DOF Subsea has…
1 November 2017
Consent for the Use of Facilities at Balder, Ringhorne, Ringhorne Øst and Jotun Following Change of Operator
We have given Point Resources consent to use the facilities at Balder, Ringhorne, Ringhorne Øst and Jotun in connection with the company's taking over of the operatorship from ExxonMobil.In March 2017, ExxonMobil Exploration and Production Norway AS (ExxonMobil) and Point Resources AS (Point Resources) signed an agreement on the transfer…
1 November 2017
Petrobras Begins Negotiation with BP Towards a Strategic Alliance
Petrobras informs that has signed a Letter Of Intent (LOI) with BP to jointly identify and evaluate business opportunities involving assets or ventures in Brazil and abroad, which include cooperation on upstream, downstream, gas transportation and marketing, LNG, oil trading, lubricants, aviation fuel, power generation and distribution, renewables, technology and…
1 November 2017
Shell completes sale of UK North Sea asset package to Chrysaor for up to $3.8bn
Shell has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for…
1 November 2017
UK Oil and Gas Reserves and Resources - As at end 2016
The UK’s petroleum reserves remain at a significant level which could sustain production for at least the next 20 years; and beyond if additional undeveloped resources can be matured.The Oil and Gas Authority’s (OGA) report “UK Oil and Gas: Reserves and Resources”, shows that overall remaining recoverable reserves and resources…
1 November 2017
TechnipFMC and Petronas Agree Technological Collaboration
TechnipFMC together with Petronas Research (PRSB) and Petronas Technology Ventures (PTVSB), has signed a tripartite heads of agreement.This collaboration will leverage all parties’ best technology, expertise, personnel, assets and facilities in areas such as gas separation technology, desanding and sand disposal, enhanced oil recovery solutions, unmanned equipment and operations.Rune Thoresen,…
31 October 2017
Swire Seabed Boosts Fleet with Siem Offshore’s Stingray
Swire Seabed has signed a contract with Siem Offshore for up to three years bareboat charter of Siem’s Light Construction Vessel (LCV) Siem Stingray, which will be re-named Seabed Stingray and used in the renewables, IMR, and construction support sectors.Seabed Stingray will join Swire fleet in 2018. The company stated…
31 October 2017
Fugro Starts Offshore Survey for ONGC in India
Fugro has started integrated survey work offshore India for ONGC, under a three-year contract valued at approximately USD 7.7 million.The contract, awarded to Fugro for the third consecutive time, calls for engineering surveys in field developments off both western and eastern shores of India.The scope of the work includes bathymetric…
31 October 2017
DONG Seeks Borssele Project Certification Services
DONG Energy has issued a call for tenders looking for certification bodies for the assessment of the site conditions at its Borssele 1 & 2 sites. The contracted party will evaluate whether a site conditions assessment has been carried out and documented adequately.Under a 3-year contract, the contracted certification body…
31 October 2017
Nexans Fixes More Beatrice Export Cable Work
Nexans Norway is set for the installation of the second section of the export cable at the Beatrice offshore wind farm in the Outer Moray Firth.The work is set to begin on November 02, 2017.According to Beatrice Offshore Windfarm Ltd. (BOWL) notice, the second length of export cable EC1 (EC1-2)…
31 October 2017
Energean Signs Additional Gas Sales and Purchase Agreements for Natural Gas Supply from the Karish and Tanin Fields
Energean Oil & Gas (“Energean” or “the Company”) is pleased to announce that Energean Israel has signed three new Gas Sales and Purchase Agreements (“GSPAs”) with Dorad Energy Ltd. ("Dorad"), and with Ramat Negev Energy Ltd. ("Ramat Negev") and Ashdod Energy Ltd. ("Ashdod"), both subsidiaries of the Edeltech Group, for…
31 October 2017
Sierra Leone Makes Fourth Licensing Round Pre-Announcement
The Director General of the Petroleum Directorate of Sierra Leone (PDSL), Raymond Kargbo,announced at this week’s Africa Oil Week Conference in Cape Town, South Africa, that his country’s Fourth Offshore Petroleum Licensing Round will take place between mid-January and the end-May 2018.This License Round will be exclusively supported by the…
31 October 2017
CGG Delivers Final PSDM Products for Cairenn Multi-Client Survey in Irelands Porcupine Basin
CGG announces completion of the Pre-Stack Depth Migration (PSDM) of its Cairenn multi-client survey in the Porcupine Basin, west of Ireland. Cairenn is the first of a series of multi-client surveys that CGG has recently been acquiring in the area. PSDM products for its Galway survey will be delivered before…
31 October 2017
Vulcan Satellites FDP Submission
Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has submitted the Field Development Plan (“FDP”) for the Vulcan Satellites hub development to the UK Oil and Gas Authority (“OGA”).Highlights:Three-field hub development with first gas…
30 October 2017
Polarcus Awarded XArray 3D Project in South America
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has been awarded an XArray 3D seismic acquisition project in South America for an undisclosed client. The project will commence in Q4 2017 and run for approximately 10 weeks.
30 October 2017
Arkona: Last Load-out!
The remaining five TPs for the Arkona Offshore Wind Farm are now shipped to Sassnitz, Germany.The TPs were the last in a total of 60, all of which were delivered according to schedule. The production of the 60 TPs included electrical design and have all been shipped from Aalborg Harbor…
30 October 2017
Completion of Disposal of Majority of Amec Foster Wheeler’s UK North Sea Operations
On October 9 2017, WorleyParsons Europe Limited entered into a binding agreement to acquire the majority of Amec Foster Wheeler’s UK North Sea operations. Wood confirms the completion today of the sale of those operations for a cash consideration of £227 million. The cash proceeds will be used to reduce…
30 October 2017
VBMS Awarded Borssele Beta Export Cabling Contract
VBMS, a subsidiary of Royal Boskalis Westminster N.V., announces that it - in consortium with NKT Cables - has been awarded the Borssele Beta contract by TenneT for the installation of two 67-kilometer-long export cables that will connect the Borssele offshore wind farms 3 and 4 to TenneT's onshore grid…
30 October 2017
Transocean Ltd. Provides Quarterly Fleet Status Report
Transocean Ltd. (NYSE:RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. As of October 26, 2017, the company’s contract backlog is $9.4 billion.The newbuild ultra-deepwater drillship Deepwater Pontus commenced operations in late October on…
30 October 2017
Moray East Selects GeoSea for Supply and Installation of Substructures
GeoSea has signed an agreement for the Engineering, Procurement, Construction and Installation (EPCI) of ca. 100 wind turbine foundations and 3 offshore substation platform foundations, and the transport and installation of 3 offshore substation platforms. The contract award is subject to financial close which is expected to take place in…
30 October 2017
ExxonMobil to Acquire Interest in Block Containing Brazil’s Carcara Oil Field from Statoil
ExxonMobil announced today that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2 billion barrels of high-quality oil. The block is located approximately…
27 October 2017
Bureau Veritas Bags £7.5m in North Sea Deals
Bureau Veritas is looking ahead to positive start to 2018 securing contracts worth more than £7.5 million over the past two months, for its North Sea Offshore Operations business.Bureau Veritas has won new contracts with several operators, as well as a number of extensions on existing contracts, with projects ranging…
27 October 2017
Avitas Systems, a GE Venture, Partners with Kraken to Advance Subsea Robotic Inspection
Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) announced today that its wholly-owned subsidiary, Kraken Robotic Systems Inc. has entered a strategic partnership with Avitas Systems, a GE Venture. The companies will integrate Autonomous Underwater Vehicles (AUVs), acoustic and laser sensor technology and artificial intelligence-based navigation software into unique subsea inspection…
27 October 2017
VOS Passion in German waters
VOS Passion, one of our newest PX121-type platform-supply vessels (PSV) is currently under charter with Rhenus Offshore Logistics GmbH & Co. KG.The vessel, which is managed by Vroon Offshore Services Den Helder, is engaged in cargo-supply operations to an offshore-windfarm substation located in German waters. The Vroon fleet has been…
27 October 2017
Talos Energy LLC Announces Successful Completion Of The Tornado II Drilling Program
Talos Energy LLC ("Talos” or the "Company”) today announced the successful completion of its Tornado II deepwater drilling program, located in the Phoenix Field of the Green Canyon area of the Gulf of Mexico in approximately 2,700 feet of water. The Tornado II drilling program consisted of an exploratory test…
27 October 2017
RIL, BP Finalise Plans to Develop all KG-D6 Fields
Reliance Industries and BP Plc have finalised plans to develop all the gas fields in the KG-D6 Block, reflecting the company’s renewed enthusiasm about the policy and pricing regime and focus on the sector after completing heavy capital expenditure in its telecoms and petrochemicals businesses. The partners have submitted the…
27 October 2017
Lukoil Completes Eighth Well at Filanovsky Field
PJSC LUKOIL has completed the drilling of its eighth well at Vladimir Filanovsky field in the Caspian Sea. This is a horizontal producing well. The length of its horizontal section is 1,560 meters and a well flow reaches 2.8 thousand tonnes per day.As a result, the project's total production reached…
27 October 2017
Polarcus Receives LOI for Highly Pre-Funded Multi-Client Project in the Middle East
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has received a Letter of Intent ("LOI") from an undisclosed client to pre-fund a multi-client XArray 3D seismic acquisition project in the Middle East. The project will commence in Q4 and run for approximately two…
27 October 2017
VBMS Signs Preferred Bidder Agreement for Moray OWF East
VBMS, a subsidiary of Royal Boskalis Westminster N.V. (Boskalis), has signed a Preferred Bidder Agreement for the supply and installation of the inter-array cables for Moray Offshore Windfarm East (MOWE) in the UK.MOWE is a joint venture company owned by EDP Renewables (77%) and ENGIE (23%). The contract award is…
27 October 2017
Triton Knoll Onshore Cable Route Surveys Well Underway
Lincolnshire-based company Allen Archaeology is currently carrying out a series of rapid walkover surveys at selected locations along the route of the Triton Knoll onshore cable corridor.The survey aims to record any archaeological earthwork features, principally related to any ridge and furrow surviving in areas of pasture.The survey consists of…
26 October 2017
Lundin and TechnipFMC to Make More Projects Profitable
Lundin Norway and TechnipFMC will collaborate in an effort aimed at making more development projects on the Norwegian shelf profitable.The plan calls for better utilization of the expertise in both companies to identify the smartest solutions.The companies are planning a new contract format where TechnipFMC will carry out both the…
26 October 2017
CNOOC Limited Announces Key Operational Statistics for Q3 2017
CNOOC Limited today announced its key operational statistics for the third quarter of 2017.For the third quarter of the year, the Company achieved a total net production of 116.2 million barrels of oil equivalent, representing a decrease of 1.3% year over year . Production from offshore China decreased 2.4% YoY…