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19 May 2017
Lewek Connector: Extension of Charter Contract
Connector 1 AS (a wholly owned subsidiary of Ocean Yield) has now entered into a contract for extension of the Charter for a firm period of 3 months', plus further extensions in charterers option for a period of up to 2 months, at a rate of USD 40,000 per day.…
19 May 2017
£1m+ Contract Win for M² Subsea on World’s Longest Pipeline
M² Subsea, the global independent provider of ROV services, has secured its first contract award which is valued in excess of one million pounds. The project will see the firm supplying the Go Electra vessel, ROVs and personnel to support survey work on the world’s longest subsea pipeline system.The company,…
19 May 2017
Pioneering Burbo Bank Extension Offshore Windfarm Opens Today
DONG Energy has committed to a community benefit fund worth approximately £225,000 per year, having assessed the different opportunities to engage with local communities and the anticipated impacts of the project.The fund will be made available for community projects for the expected 25 year lifetime of the wind farm, which…
19 May 2017
Keppel on Track to Deliver State-of-the-Art Drilling Rig in Azerbaijan
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR).The rig was named Heydar Aliyev at a ceremony in…
19 May 2017
Wild Well Purchases Equipment And Expands Subsea Capping Stack Presence
Wild Well Control, Inc., a Superior Energy Services company and a global leader in well control and engineering services, has purchased subsea capping equipment from Shell EP Wells Equipment Services B.V.The addition of this inventory enhances Wild Well's current global equipment and response capabilities for the WellCONTAINED™ subsea containment systems…
18 May 2017
Ramboll in Al Shaheen Pre-FEED Deal
Total and Qatar Petroleum (QP) are mulling the addition of multiple new platforms at the giant Al Shaheen oilfield off Qatar after handing a UK company a study contract.Ramboll has been awarded the pre-front-end engineering and design deal for three new wellhead platforms for the field, where French supermajor Total…
18 May 2017
Statoil Extends Oceaneering’s Operational Inspection Contract
Oceaneering’s oilfield business segments, Asset Integrity, has been awarded a three-year operational inspection frame agreement extension with Statoil.The frame agreement provides for Oceaneering to develop and implement inspection and maintenance programs related to 14 specified Norwegian onshore and offshore facilities.The programs include the assessment and reporting of integrity status and…
18 May 2017
Petrobras Fires up P-66 FPSO at Lula
Brazilian oil giant Petrobras has started output from the P-66 floating production, storage and offloading vessel at the Lula South pre-salt field.The replica P-66 FPSO, the first of six identical units to be deployed in the prolific Santos basin pre-salt province, arrived at Lula South in late February after completing…
18 May 2017
China Makes Major Gas Hydrate Find
China has declared that it has made a major gas hydrate find in the Pearl River Mouth basin of the South China Sea, further confirming the high gas hydrate potential in the area.The discovery well was drilled by new ultra-deepwater semi-submersible rig Bluewhale 1 (formerly Frigstad Shekou) built by Chinese…
18 May 2017
Operational Update - Bualuang
Phase IV Development SanctionedA Final Investment Decision has been taken to commence the fourth phase of development on the Bualuang Oil Field in the Gulf of Thailand. The total investment is forecast to be US$145 million from now until 2020 and is expected to deliver NAV growth of upwards of…
18 May 2017
MMT and Reach Subsea to Survey Nord Stream Pipeline
MMT Sweden has been awarded a three-year contract by Nord Stream AG to inspect both lines of the Nord Stream pipeline running through the Baltic Sea from Russia to Germany.The external inspection of the pipeline will be executed by the joint venture between MMT Sweden and Reach Subsea.The scope of…
18 May 2017
Israeli Energy Firms Delek Drilling, Avner Oil to Finally Merge
Israel's Delek Drilling (DEDRp.TA) and Avner Oil (AVNRp.TA), both units of conglomerate Delek Group (DLEKG.TA), said on Wednesday they have completed a long-awaited merger and will begin trading next week as one company.The new entity will keep the name Delek Drilling and will have a market value in Tel Aviv…
18 May 2017
FSubsea, Hayward Tyler Cooperate for Subsea Boosting System
Fuglesangs Subsea (FSubsea) has an agreement under which Hayward Tyler’s subsea motor technology will be incorporated into the FSubsea Hydromag autonomous subsea boosting development.Under the new alliance between the two companies, Hayward Tyler is designing and fabricating the cooler for the prototype in addition to providing the 2.5-MW subsea motor.Fuglesangs…
18 May 2017
Cranes Boost For EnerMech in Malaysia
Engineering services specialist EnerMech has won its first contract to provide crane personnel in Malaysia.The company will provide training services and supply up to 70 offshore crane operators for a major oil and gas Operator on projects located offshore in the South China Sea.The five-year multi-million-pound contract will see EnerMech…
18 May 2017
Rosneft and Eni Sign an Extension Cooperation Agreement
Rosneft CEO, Igor Sechin, and Eni CEO, Claudio Descalzi, today signed a Cooperation Agreement for cooperation between the two companies in Russia and abroad in the E&P, refining, trading, logistics and marketing, petrochemicals and technology and innovation sectors. The agreement was signed in Sochi in the presence of the President…
18 May 2017
Tullow to Boost TEN Field Output Once Maritime Dispute Resolved
Tullow Oil plans to drill new wells and boost output at its TEN field off the coast of Ghana to 80,000 barrels per day (bpd) once a maritime border dispute with Ivory Coast is resolved, the company said on Wednesday.The London-listed company will also invest in exploring for new reserves…
18 May 2017
Senegal SNE-6 Appraisal Well Result
Cairn is pleased to announce the results of another successful appraisal well offshore Senegal. Rig performance continues to be excellent and operations have been safely and successfully completed ahead of schedule and under budget following drilling, logging and drill stem testing (DST).The objective of the SNE-6 well, together with the…
18 May 2017
Wood Group Signs Global Master Services Agreement with Chevron and is Awarded Conceptual Engineering Contracts for Tigris and Anchor
Wood Group has signed a ten-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procurement services in multiple locations across Chevron’s global onshore and offshore asset portfolio. Contracts to provide topsides conceptual and pre-FEED for two semisubmersible…
17 May 2017
Hilong Takes out CPOC Install Contract
Hilong Marine Engineering has been awarded a sub-contract worth a minimum US$25 million for the transport and installation of the offshore facilities for the phase four of the B-17 gas project in the Malaysia-Thailand joint development area.The workscope covers the three wellhead platforms, subsea pipelines and host tie-ins, said parent…
17 May 2017
Tullow Hits Oil in Kenya
London-listed company Tullow Oil has hit pay with an exploration well on Block 13T in northern Kenya.The company revealed Wednesday the Emekuya-1 had been drilled to a total depth of 1356 metres and 75 metres of net oil pay across two zones.The well penetrated reservoir quality sandstones, with downhole pressure…
17 May 2017
Abu Dhabi’s NPCC Wins Saudi Aramco Contract for Four Offshore Platforms
Abu Dhabi’s National Petroleum Construction Company (NPCC) has been awarded a contract by Saudi Aramco for four offshore platforms and associated submarine pipelines, cables and tie-ins.NPCC CEO Aqeel A Madhi said the deal included engineering, procurement, fabrication, load-out, transportation, installation, hook-up and pre-commissioning work at the Al Safaniya, Zuluf and…
17 May 2017
2H Offshore Launches Joint Industry Project to Drive Intelligent Efficiencies
2H Offshore, riser and conductor specialists in subsea services group Acteon, is pleased to announce the launch of the STREAM (STeel Riser Enhanced Analytics using Measurements) Joint Industry Project (JIP), which will see 2H Offshore work with operators to find efficiencies for the industry.STREAM aims to provide a measurement-based foundation…
17 May 2017
Faroe Petroleum Receives Consent for Exploration Drilling
Faroe Petroleum Norge AS (Faroe) is the operator for production licence 740. The licence covers blocks 31/7 and 30/9, east of the Oseberg field in the North Sea. Faroe has made a discovery named Brasse in well 31/7-1, and now wishes to drill two appraisal wells designated 31/7-2 and 31/7-3.…
17 May 2017
Semco Maritime Wins Order for Culzean Hook-up
Semco Maritime to participate in the preparation (hook-up) of Maersk Oil UK’s new gas field in the UK sector of the North Sea when the production units arrive from Singapore in the summer of 2018. The largest order ever for Semco Maritime’s Aberdeen office.Maersk Oil UK has selected Semco Maritime…
16 May 2017
VBMS Supplies Inter-Array Cables for Albatros OWF
VBMS, a subsidiary of Boskalis, has been awarded an inter-array cabling contract by EnBW Albatros GmbH for the 112MW Albatros offshore wind farm.The contract includes the supply, installation and burial as well as termination and testing of nineteen 33kV inter-array cables.The cable installation activities are scheduled for 2019, following the…
16 May 2017
Heerema to Build Peregrino II Jacket
Heerema Fabrication Group has received a procurement and construction contract for the Peregrino II jacket by South Atlantic Holding, on behalf of Statoil.The Peregrino jacket will be approximately 135 meters tall, with a footprint of 66 x 53 meters and will weigh 9,300 tonnes (excluding the 12 piles).Construction is due…
16 May 2017
Oceaneering Wins More Appomattox Work
Oceaneering has been awarded a contract to provide services and products to support the design, fabrication and installation of ancillary flowline hardware for the Appomattox development in the Mississippi Canyon Area of the U.S. Gulf of Mexico for Shell.The scope of work for ancillary flowline hardware will include the procurement…
16 May 2017
Maersk Supply Service Lands Culzean Contract
Maersk Supply Service has secured a major contract with Maersk Oil UK to project manage the complete towing, mooring installation and hook up service scopes for the Culzean Project in the North Sea. It is the company’s fourth contract to provide both vessel and integrated services to customers.Six months ago,…
16 May 2017
Topaz Resolve Starts Charter for Geophysical and Geotechnical Survey Operation
Topaz Energy and Marine (“Topaz”), a leading international offshore support vessel company, today announces its Multi-Purpose Supply Vessel, Topaz Resolve, has commenced a charter in support of geophysical and geotechnical survey operations in the Mediterranean Sea for a European Oil Major. Topaz Resolve is operating from Limassol, Cyprus for an…
16 May 2017
Consent for Modifications at Heidrun
Statoil has received consent to modify the Heidrun TLP facility.Statoil has received consent to modify parts of the production plant at the Heidrun TLP facility to allow gas to be received from the Dvalin field, which is around 15 kilometres north-west of Heidrun.DEA Norge AS is the operator of Dvalin.…
16 May 2017
Centrica to Boost Production from Chestnut Oilfield in North Sea
Centrica said it will drill a new production well at its Chestnut oilfield in the North Sea, which was going to be shut later this year.The Chestnut oilfield is off the coast of Aberdeen in Scotland and has been producing oil since 2008 but was only expected to do so…
16 May 2017
Wood Group Awarded Shell Brent Decommissioning Contract
Wood Group has been awarded a contract to support Shell in the decommissioning of their Brent Bravo platform in the North Sea.Effective immediately, Wood Group will prepare the platform for removal via single lift methodology. This includes conductor removal, structural strengthening and installation of under deck lift points, in addition…
16 May 2017
Consent to Use Mærsk Invincible at Valhall
Aker BP has received consent to use Mærsk Invincible for plugging wells at Valhall.The consent applies to the use of Maersk Invincible for permanent plugging of wells drilled from the DP.Production from Valhall DP is scheduled to end in the next few years. Three of the wells are still in…
15 May 2017
Aquatic Inks Frame Agreement with Ocean Installer
Aquatic Engineering & Construction has signed a global framework agreement with Ocean Installer.The contract will run for three years with the option of a one-year extension.The frame agreement will cover the provision of engineering services, supply of equipment and personnel, and all necessary tasks to provide solutions to install, replace,…
15 May 2017
Eni Starts Up Jangkrik Offshore Indonesia
Eni has started gas production from the Jangkrik Development Project, offshore Indonesia.The project comprises the gas fields Jangkrik and Jangkrik North East, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait.Production from ten deepwater subsea wells, connected to the newly built Floating Production Unit…
15 May 2017
Atlantic Petroleum Completes the Sale of its 25% Interest of UK P.1606 Orlando for Cash and a Share of the Sale Proceeds from Future Orlando Production
Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announces that further to Announcement no. 4 issued 14th March 2017, it has completed the Sale and Purchase Agreement with Decipher Energy for its 25% interest in the Orlando development. The consideration is a 2% revenue share of…
15 May 2017
ACE Winches Provides Mooring System on the Iron Lady Barge
Leading global deck machinery specialist, ACE Winches has successfully mobilized a 6 point mooring system to anchor the Iron Lady Barge being used on the Brent decommissioning project. The equipment, designed and manufactured by ACE Winches at their global headquarters, Turriff, Aberdeenshire is now in situ and being supported by…
15 May 2017
Ministry of Petroleum and Energy Responsible for Mineral Deposits on the Shelf
From 1 April, the Ministry of Petroleum and Energy took over management responsibility for exploration and recovery of mineral deposits on the continental shelf.This was adopted in a cabinet meeting resolution on 31 March, and the relevant authorities had been notified in advance.As the specialist directorate under the Ministry of…
15 May 2017
Strategic Partnership Agreement with Hyundai
Atlantis, a global leader in the tidal power generation sector, announces that it has signed a Strategic Partnership Agreement (“SPA”) with South Korean offshore construction giant Hyundai Engineering & Construction Co., Ltd (“Hyundai”) regarding collaborating on the development of ocean power renewable projects globally. The particular focus for the collaboration…
15 May 2017
Mauritania: Total Expands Exploration Activities in the Country with a New Deep Offshore License
Total and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 square kilometers. The Group will be the operator with a 90% interest alongside the Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM) holding the remaining 10%.“This…
15 May 2017
Welcome to the 2017 Offshore Petroleum Exploration Acreage Release
The Australian Government’s annual Offshore Petroleum Exploration Acreage Release (acreage release) is a key part of the Australian Government's strategy to promote petroleum exploration in Australia’s offshore waters. The acreage release provides explorers with new offshore areas the government has made available for either work program or cash bidding. It…
15 May 2017
Ithaca Energy Q1-2017 Financial Results
Greater Stella Area DevelopmentStellaFollowing first hydrocarbons from the Stella field in mid-February 2017, operational activities on the FPF-1 have been centred on completion of the dynamic commissioning programme required on the gas processing systems on the vessel. During this programme, oil production continues to be maintained at constrained rates in…
15 May 2017
Maersk Oil - Solid Financial Performance and a Strengthened North Sea Position
Driven by solid operational performance and continued cost reductions, Maersk Oil delivered a profit of USD 328m (loss of USD29m), positively impacted by USD 36m from sale of the Boa field and a one-off tax income of USD 42m. The Return on Invested Capital (ROIC) was 31.8% (negative 3%). The…
15 May 2017
‘Pioneering Spirit’ Set for TurkStream Pipeline Work
Following a recent removal of Shell’s Brent Delta platform topsides from a location in the UK North Sea, the Allseas-owned giant vessel Pioneering Spirit is ready for another job. The owner of the vessel said on Thursday that the world’s largest pipelay and construction vessel will head out from a…
15 May 2017
EMGS Reports USD 3.5 Million in Late Sales in Norway
Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into various agreements with oil companies involving data licensing (late sales) related to 3D CSEM data from the library in the Norwegian Sea and Barents Sea in Norway. The agreements represent revenues of USD 3.5 million.
15 May 2017
ENGIE Enters into Exclusive Negotiations for the Sale of its 70% Interest in Exploration & Production International
ENGIE reached a major milestone in its transformation plan today as it has received a firm and binding offer from Neptune Energy for the sale of its 70% interest in Exploration & Production International (“EPI”) to Neptune Energy for an aggregate value of €4.7 billion (at 100%, including €1.1 billion…
11 May 2017
Centrica Gets Green Light for Oda Field Development
Norwegian Ministry of Petroleum and Energy has approved the plan for development and operation of Centrica-operated Oda field, located in the North Sea licence PL 405.The operator of the field, on behalf of the partners, submitted the development plan in 2016.The proposed development will include a 4-slot seabed template with…
11 May 2017
Black & Veatch in Wave Hub’s Pembrokeshire Feasibility Study
Wave Hub has appointed Black & Veatch to undertake a feasibility study into the Pembrokeshire demonstration zone, a planned offshore site for testing multiple wave energy arrays of up to 30MW each.The study will prepare an outline design specification for the on and offshore grid infrastructure, start the consent process…
11 May 2017
SMD to Build Trencher for CCC UE
Soil Machine Dynamics (SMD) has signed a contract with Consolidated Contractors Company (Underwater Engineering) for the manufacture and delivery of a hard ground subsea trenching machine. SMD will design and build a BT500 Burial Tractor (500hp) complete with a full power and control system.The trencher is due for delivery to…
11 May 2017
Proserv Nets Decommissioning Work Off Norway
Proserv has recently secured three contracts worth a combined value of more than $2.5 million for decommissioning work in the Norwegian North Sea.The firm’s Stavanger facility will provide cutting services as part of a full severance package covering subsea and topside work.As part of the decommissioning workscopes, Proserv will provide…