Search News
Latest News
18 October 2017
LOI Signed with Key Contractor ODE
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 signed a Letter of Intent (“LOI”) with Offshore Design Engineering Limited (“ODE”) to perform several key contractor roles for its Blythe Hub and Vulcan Satellites…
18 October 2017
World’s First Floating Wind Farm Has Started Production
Hywind Scotland, the first floating wind farm in the world, has started to deliver electricity to the Scottish grid. Today the First Minister of Scotland, Nicola Sturgeon, officially opens the wind farm.The 30MW wind farm, operated by Statoil in partnership with Masdar, is located 25 kilometers offshore Peterhead in Aberdeenshire,…
18 October 2017
Subsea 7 Buys Out Solstad Farstad from Normand Oceanic JV
Solstad Farstad has agreed to sell its 50% of the shares in the 50/50 owned joint venture company Normand Oceanic AS to Subsea 7.Normand Oceanic is the vessel owning entity for the flex-lay and heavy construction vessel “Normand Oceanic” which is being managed by Solstad Farstand while under long-term charter…
17 October 2017
Reservoir Link and Archer Alliance Secures ROC Oil Contract
Reservoir Link, the well intervention and perforating solutions provider, has been awarded a contract to deliver annulus wash and cementing assurance (AWCA) equipment and services with Archer to ROC Oil in Southeast Asia.The project, which is estimated to begin in Q4 2017, will see the companies provide equipment and services…
17 October 2017
Jadestone Ramps Up Stag Output
Singapore's Jadestone Energy has seen a 40% lift in production since it took over operatorship of the Stag oilfield off Western Australia.Jadestone revealed output at the field had exceeded 3600 barrels per day over the 10-days to 14 October.It claims it is the first time output has reached that level…
17 October 2017
Merkur Transition Pieces En Route to Eemshaven
The first 6 of the total of 66 transition pieces (TPs) for German Merkur offshore wind farm have been loaded onto a vessel in Spain and are set to be transported to the Eemshaven port, according to social media updates by those involved in the transport and logistics of the…
17 October 2017
Vattenfall Gets Things Moving on 1.8GW Norfolk Vanguard OWF
Vattenfall has commenced its official autumn consultation on the anticipated environmental impact of the 1.8GW Norfolk Vanguard offshore wind project.The company has published a Statement of Community Consultation (SoCC) and announced a period of formal statutory consultation to be held between 7 November and 11 December 2017.In addition, Vattenfall has…
17 October 2017
Bakker Sliedrecht to Deliver Main Electrical Power Package for Next Generation Offshore Installation Vessel “Orion”
Bakker Sliedrecht has been awarded a contract for the engineering, delivery, and commissioning of the main electrical power package of the offshore installation vessel Orion. The DP3 vessel will feature an unrivalled combination of exceptionally high transport and load capacity, impressive lifting heights and green technology. The vessel will be…
17 October 2017
Add Energy in Plan to Unlock World’s Smaller Offshore Gas Assets with Transborders
Add Energy, an international energy consultancy provider, has partnered with Transborders Energy (TBE) and joined forces with TechnipFMC and MODEC to create a unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a…
17 October 2017
EnerMech Awarded Hose Supply and Services Contract For Shell Prelude Australia Project
Global engineering and maintenance services provider, EnerMech, has been awarded a five year contract for hose and hose fittings supply and services for Shell’s Prelude FLNG Facility in Western Australia. The Prelude FLNG contract will be administered from EnerMech’s Henderson base in Perth while engineering and service support will be…
17 October 2017
FairfieldNodal Awarded Z700® Project Offshore Trinidad
FairfieldNodal will begin a large Z700 acquisition project offshore Trinidad in late October 2017.FairfieldNodal’s Z700 data acquisition system is ideally suited to meet the tough environmental conditions in this region that make OBC or streamer surveys risky. The Z700’s simplified deployment and retrieval process make navigating the difficult currents less…
17 October 2017
Wood Wins FEED Contract for First-of-its-Kind LNG Production Platform
The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico.The main objective of the FEED is to finalize the design of the world’s first offshore platform-based…
16 October 2017
Consent for Exploration Drilling - Statoil
Statoil Petroleum AS (Statoil) is the operator for production licence 190 in the North Sea. We have given the company consent to drill exploration well 30/8-5.Drilling is planned to begin in November 2017, with a duration of around 99 days, depending on whether a discovery is made.The well's geographical coordinates…
16 October 2017
Consent to Use Songa Endurance
Statoil Petroleum AS (Statoil) has received consent to use the Songa Endurance mobile drilling facility for drilling and completion on the Troll field.Drilling is scheduled to begin in mid-October 2017.The operation is expected to last for around 84 days.Songa Endurance is a semi-submersible drilling facility. The facility received Acknowledgement of…
16 October 2017
Ocean Rig Announces New Drilling Contract and Increased Contract Backlog
Ocean Rig UDW Inc. an international contractor of offshore deepwater drilling services, has signed a new drilling contract with Statoil, for a one - well drilling program offshore Tanzania, the company said in its press release.The contract is expected to commence in Q1 2018, to be performed by the Ocean…
16 October 2017
Gulf of Mexico Licencing Rounds 2.4 & 3.1 for 2017-2018
Project SummaryThis report provides a summary of the geology and hydrocarbon potential of the Mexican sector of the GOM. It is provided as an ArcGIS project with supplementary dossiers in PowerPoint format. We use a comprehensive compilation of public domain data which is being continually updated. The report is aimed…
16 October 2017
Maersk Takes SSV Delivery
Cosco Shipping Heavy Industry’s Dalian shipyard has delivered the Maersk Installer, the first of four deep-water subsea support vessels (SSV) on order from Maersk Supply Service.Maersk placed the order to build four SSVs with options for two additional vessels at Cosco Dalian in 2014. The second is expected to be…
16 October 2017
Contract Extensions for Solstad Vessels
Solstad Farstad has agreed contract extensions with clients for the following vessels:CSV 'Normand Pacific', present contract with Prysmian Powerlink Srl, the Prysmian Group's company responsible for the development of the most advanced "turnkey" submarine cable systems, has been extended with 1 year to November/2018. PSV 'Normand Naley', present contract has…
16 October 2017
Spectrum Begins Seismic Shoot Off Brazil
Spectrum has started a 6,000 km multi-client 2D seismic survey covering the Ceara Basin within the Equatorial Margins of Northern Brazil.Data is being acquired with a 12,000 m streamer with continuous recording to enable extended recording lengths and high fold data to enable full interpretation from Moho to water bottom.The…
16 October 2017
Weatherford Wins Repsol Norge AS Plug & Abandonment Contract
Weatherford International plc today announced that it has been awarded a contract for plug and abandonment (P&A) services by Repsol Norge AS. The work will commence in October 2017 and is estimated to be completed over a period of three years.The contract scope encompasses multiple services, including fishing, cutting and…
13 October 2017
Fugro Strengthens Foothold in Taiwan Offshore Wind Services Market
Fugro said it has recently signed a memorandum of understanding (MoU) with International Ocean Vessel Technical Consultant (IOVTEC) to boost its involvement in the emerging offshore wind farm market in Taiwan, following joint projects in the region’s oil and gas sector.Under this MoU, Fugro and IOVTEC will also install a…
13 October 2017
Bids on Lebanon Offshore Energy Blocks Close
Lebanon’s Energy Minister Cesar Abi Khalil on Thursday said a tender had closed on a first round of offshore energy blocks, and told local media that two consortiums had submitted bids.It will take years for revenue from any of the blocks to start flowing to the country, he said in…
13 October 2017
Costs Rise for Norway's Martin Linge Oilfield Development
The cost of developing Total’s Martin Linge oil and gas field off the coast of Norway has risen by a further 1.4 billion Norwegian crowns ($177 million) in the last year to 41.3 billion, the government’s 2018 budget showed on Thursday.The cost estimate has risen by a total of 42…
13 October 2017
Chevron to Exit Great Australia Bight
US energy giant Chevron has abandoned oil exploration plans in the Great Australian Bight, citing a focus on more commercially viable North West gas.Chevron follows BP in exiting the remote and environmentally sensitive region off South Australia, where it holds offshore acreage of more than 32,000sqkm.The company acquired the two…
13 October 2017
Maersk Drilling Secures Contract Extensions for Two Rigs
Maersk Drilling has been awarded two contract extensions in the North Sea. Both rigs have recently been re-activated to the North Sea from warm stacking. The estimated duration of the two extensions is 105 days.The high efficiency jack-up Maersk Resolve has been awarded a contract extension by Wintershall Noordzee B.V.…
13 October 2017
Contract to Kvaerner for Tow-out and Installation of West White Rose CGS
Husky Energy has awarded Kvaerner a contract for engineering and marine operations to tow and install the concrete gravity structure (CGS) for the West White Rose Project offshore Canada. The installation is scheduled for Q2 2021. The new multi-million Canadian dollar contract confirms Kvaerner’s leading position for demanding marine operations.…
12 October 2017
RED Engineering Monitoring Tech for Beatrice Jackets Installation
RED Engineering has developed new monitoring technology to improve accuracy, speed and safety during the installation of jacket foundations for wind turbines at the Beatrice Offshore Wind Farm project in the Moray Firth, Scotland.The development by the North East-based firm of engineers features remote proximity sensors to confirm the correct…
12 October 2017
GE Submits Application for R&D Hub in Southampton
GE Renewable Energy has confirmed to Offshore WIND that it submitted an application for building a research and development (R&D) facility at Southampton’s Centenary Quay.The proposed facility would comprise a design office and a test facility, and serve as an innovation research and development hub for GE Renewable Energy.“When completed…
12 October 2017
Aker BP Gains Tambar Gas-Lift Nod
Aker BP has been granted safety consent to carry out modifications and drilling work related to a gas-lift project aimed at boosting recovery at its Tambar oilfield off Norway.The Anglo-Norwegian operator intends to drill two new production wells using jack-up Maersk Interceptor, for which it has also gained the safety…
12 October 2017
Dudgeon Offshore Wind Farm Fully Commissioned, Starts Receiving CfD Payments
lucThe 402MW Dudgeon offshore wind farm entered full operation in October and has started receiving difference payments on generated electricity. Statoil announced at the beginning of September that all 67 Siemens 6MW turbines were producing electricity and that the project will be put into full operation later this year.Following the…
12 October 2017
Reserves Boost for IOG
Independent Oil & Gas (IOG) has gained a significant reserves upgrade for its southern North Sea gas assets off the UK, including the so-called Vuclan Satellite fields for which a development plan is due to be filed imminently.Proven and probable reserves are now estimated at 303 billion cubic feet, up…
12 October 2017
L&T Hydrocarbon Engineering Wins Around 177 Million USD Contract from ONGC
L&T Hydrocarbon Engineering Limited (LTHE), a whollyowned subsidiary of Larsen & Toubro, has bagged an offshore contract for the Transportation & Installation – Daman Development Project from Oil & Natural Gas Corporation (ONGC) valued at approximately ₹ 1150 crores (~ 177 Million USD). The Contract, won against international competitive bidding,…
12 October 2017
Consent to use West Elara at Ekofisk
ConocoPhillips has received consent to use the West Elara mobile drilling facility for drilling and completion of water injection wells at Ekofisk 2/4 VC.Drilling is scheduled to begin in the last quarter of 2017.The drilling operations are expected to last a year.West Elara is a jack-up drilling facility, delivered by…
12 October 2017
Bayerngas Norge AS has Received Consent to Drill an Exploration Well in the North Sea
Bayerngas Norge AS (Bayerngas) is the operator for production licence 682 in the North Sea. We have given the company consent to drill exploration well 35/9-13 in a prospect called Tethys.Drilling is scheduled to begin in mid-October 2017.The well's geographical coordinates will be:61° 25' 20.34" N03° 49' 39.73" EWater depth…
12 October 2017
Government Confirms up to £557 Million for New Renewable Energy Projects
Government confirms up to £557 million for next clean electricity auctions for less established renewables ahead of the launch of the Clean Growth Strategy.Energy Minister Richard Harrington confirmed today (11 October 2017) that up to £557 million will be made available for less established renewable electricity projects as part of…
12 October 2017
Global Marine to Take Over Fugro’s Trenching and Cable Laying Division
Global Marine Group (GMG) has entered into an agreement to acquire Fugro’s trenching and cable lay services business.The purchase consideration, valued at approximately $73 million, consists of the issuance to a subsidiary of Fugro of a 23.6% equity interest in Global Marine Holdings, valued at US$65 million, and an obligation…
12 October 2017
JFSE Takes On Another Decommissioning Project in Gulf of Mexico
James Fisher Subsea Excavation (JFSE), a part of James Fisher and Sons, is embarking on its 80th decommissioning/salvage job in the Gulf of Mexico.The platform was destroyed during Hurricane Ike in 2008. The region has been hard-hit by hurricanes in the past decade and the recent extreme weather saw this…
11 October 2017
Tendeka Becomes First Independent Service Company to Win Multi-Million-Pound Lower Completion Contract in Middle East
Tendeka, a global leader in advanced completions and production optimisation, has been awarded a project to supply the Kuwait Oil Company (KOC) with its Inflow Control Device (ICD) technology which will enhance production through more effective reservoir management. The multi-million-pound deal will involve Tendeka installing Advanced ICD equipment in 55…
11 October 2017
Wärtsilä Strengthens its Expertise in Vessel Positioning Technology by Acquiring Guidance Marine
The technology group Wärtsilä has acquired Guidance Marine Limited, a privately owned company with offices in the UK, Singapore and the USA. Guidance Marine is recognised as a technology leader in the marine industry for sensor solutions relating to dynamic positioning and other vessel control systems, such as collision avoidance…
11 October 2017
Osbit Enters Chinese Offshore Wind Market with MaXccess Project
Osbit Ltd, the offshore engineering and technology company, has completed its first project in the Chinese offshore wind market, successfully delivering a bespoke MaXccess crew-transfer system.The Northumberland-based company has delivered an improved T12 walk to work system, which will be installed on a 20 metre crew-transfer vessel under construction by…
11 October 2017
Shell’s Appomattox Hull Arrives in USA
Oil giant Shell shared several images last Friday through its social media channels of the Appomattox hull reaching its destination.The hull was delivered to Ingleside, Texas, by Cosco’s heavy lifter Xin Guang Hua. Now that the hull has arrived in the U.S., a new phase of construction, entailing the hull’s…
11 October 2017
Manora Oil Field – Drilling Campaign Commences
Tap Oil Limited provides the following update on the Manora Oil Field in the Northern Gulf of Thailand (TAP 30% interest).Mubadala Petroleum, Operator of the G1/48 concession containing the Manora Oil Field, has advised that the Atwood Orca jackup drilling unit has commenced a drilling programme comprising two development wells…
11 October 2017
Maersk Drilling Adds One More Contract for Maersk Deliverer in Southeast Asia
The Semi-submersible Maersk Deliverer has been awarded a contract in Southeast Asia by Total E&P Malaysia. With an estimated duration of 60 days, the contract covers the drilling of one exploration well in the Block DW-N Sabah located offshore Malaysia.Maersk Deliverer will go to work for Total E&P Malaysia after…
11 October 2017
Maersk Drilling Reactivates Semi-Submersible for Southeast Asian Market
Semi-submersible Maersk Deliverer has been awarded a new contract by JX Nippon with an estimated duration of 30 days.The contract covers the drilling of one well and represents a promising continuation of Maersk Drilling’s activities in Southeast Asia by introducing one of Maersk Drilling’s deepwater assets to the region.“We see…
11 October 2017
innogy Acquires Statkraft’s 50 per cent Share in Triton Knoll Offshore Wind Project
innogy and Statkraft have completed an agreement under which innogy has acquired Statkraft’s 50 per cent share in the offshore wind project Triton Knoll. With the acquisition of Statkraft’s share, innogy has become its sole owner. Both sides have agreed to maintain confidentiality regarding the purchase price.Triton Knoll is an…
10 October 2017
VOS Stone Books Another Arkona OWF Gig
VBMS has awarded Vroon’s subsea-support walk-to-work vessel VOS Stone a contract to support inter-array cabling operations at the 385MW Arkona offshore wind farm from spring 2018.Recently, E.ON awarded VOS Stone a contract for logistics support and offshore accommodation at Arkona starting from summer 2018.The vessel was delivered by Fujian Southeast…
10 October 2017
Royal IHC Buys into Rotterdam Offshore Group
Dutch contractor Royal IHC has acquired a 50% interest in Rotterdam Offshore Group (ROG), a move aimed at strengthening its ship repair and conversion capabilities.Under the deal, with an undisclosed value, Royal IHC will also get access to a dedicated facility in Rotterdam, which has uninterrupted access to open sea.ROG…
10 October 2017
Shell Hires 4Subsea for Flexible Risers R&D Project in Brazil
4Subsea has been awarded a Shell-funded contract to support COPPE, the centre for engineering research and education at the Federal University of Rio de Janeiro (UFRJ).The project is funded by Shell Brazil and is a partnership with UFRJ-COPPE EMBRAPII. The primary goal is to extend the safe operational life of…
10 October 2017
Four Companies Unite to Form Single O&M Provider
The Fred. Olsen related companies, led by Fred. Olsen Windcarrier and with Global Wind Service, Natural Power and ZephIR Lidar, have joined forces to create a single operations and maintenance (O&M) service provider for offshore wind farm operators.The scope will include inspections, major component exchange, integrated service campaigns, blade repair,…
10 October 2017
Lewek Connector: Extension of Charter Contract
Reference is made to the stock exchange release from Ocean Yield ASA ("Ocean Yield") dated 19 May 2017, regarding extension of the bareboat charter contract for the Lewek Connector at a rate of USD 40,000 per day (the "Charter"). The Charter is currently running until 15 October 2017, following the…