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18 April 2017
Heads of Terms & Exclusivity Agreement - Senegal and The Gambia
African Petroleum, an independent oil and gas exploration company operating high impact exploration licences offshore West Africa, is pleased to announce that it has signed nonbinding heads of terms (“Heads of Terms”) and a binding exclusivity agreement (“Exclusivity Agreement”) with a well funded, listed oil and gas company with a…
18 April 2017
2D Ultra-Long Offset Seismic Survey In The Iranian Sector Of The Caspian Sea
Geology Without Limits (GWL) in conjunction with Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT), plan to acquire 4 800 km of 2D seismic, gravity and magnetic data in the Iranian sector of the Caspian Sea (fig.1). The official agreement by parties was signed in…
18 April 2017
Announcement of Notification for Bidding Blocks Offshore China in 2017
In 2017, twenty-two (22) Open Blocks covering an area of 47,270 km2 are available for cooperation between CNOOC and the foreign companies. More detailed information can be foud here:http://www.cnooc.com.cn/art/2017/4/12/art_6261_256...
17 April 2017
E&P Companies ‘Out of the Emergency Room, but still in Hospital’, Analyst Aays
Rob Stevens from Richmond Energy Partners (REP) said many firms are in better shape thanks to restructuring efforts, effective cost cutting and lower break-even Brent prices.But Mr Stevens warned the 30 E&P companies which REP monitors were still valued some way below mid-2014 levels − before the downturn kicked in…
17 April 2017
New Study: Subsea Systems Market Forecast, 2014-2025
Based on the component, the market is segmented into surf, subsea trees, subsea control systems, and subsea manifolds. Global subsea systems market is expected to grow at a CAGR of 4.4% from 2017 to 2025.Subsea systems are incorporated in offshore drilling practices, where these systems help in cost reduction and…
17 April 2017
Schlumberger Enters JV with YPF to Begin Shale Oil Pilot Project in Vaca Muerta
Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ángel Gutiérrez, have signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquén.The agreement, signed in YPF´s offices in Buenos Aires involves a $390-million phased investment by Schlumberger, which includes a material…
17 April 2017
EC-OG Activates Subsea Power Hub
East Coast Oil and Gas Engineering (EC-OG) has installed and switched on its ocean current energy conversion system, the Subsea Power Hub (SPH), at EMEC’s Shapinsay Sound test site.The unit is now fully operational and performing in line with the technical predictions. The next step is to leave the SPH…
17 April 2017
EC-OG Activates Subsea Power Hub
East Coast Oil and Gas Engineering (EC-OG) has installed and switched on its ocean current energy conversion system, the Subsea Power Hub (SPH), at EMEC’s Shapinsay Sound test site.The unit is now fully operational and performing in line with the technical predictions. The next step is to leave the SPH…
14 April 2017
Brazil Tees Up Pre-Salt Bonanza
Brazil has unveiled an aggressive licensing calendar for 2017, 2018 and 2019, giving a tantalising glimpse of what will be up for grabs in fresh offerings in the coveted pre-salt province.The policy-making panel of Brazil’s Energy Ministry gave details of what will be included in the next pre-salt rounds planned,…
14 April 2017
Workshop Seeks Solutions to Subsea Challenges in Offshore Wind
Offshore renewable energy leaders are challenging East coast companies to come up with innovative underwater engineering solutions to support the UK’s growing offshore wind sector.The first of a series of workshops tackling subsea engineering issues – ranging from corrosion and tidal scour at turbine towers to keeping seals away from…
14 April 2017
Boskalis Orders New Jumbo Cutter from Royal IHC
Royal Boskalis Westminster N.V. has just announced an order for a new self-propelled cutter that will be built by Dutch contractor Royal IHC.According to Boskalis, the newbuild will be a sister vessel of the CSD ‘Helios’ which will be taken into service later this year.The new vessel will have a…
14 April 2017
Shallow Water JV Auction with Mexico's Pemex Pushed Back to Oct
Mexico's oil regulator voted on Thursday to delay the auction for the country's second joint venture with state oil company Pemex to October 4, from June 19, in order to give interested firms more time to evaluate the project.
14 April 2017
DONG Energy Awarded Three German Offshore Wind Projects
In the first of two German auction rounds, the Bundesnetzagentur has today awarded DONG Energy the right to build three offshore wind projects in the German North Sea. DONG Energy submitted six projects in the bid and won with the following three projects which have a total capacity of 590MW:…
14 April 2017
Kiewit in Line for White Rose Job
US-based Kiewit Offshore Services is poised to secure a key contract from Husky Energy to build the topsides for the Canadian operator’s White Rose Extension Project (WREP), which will be developed with a gravity-based structure off Newfoundland & Labrador.Sources said Kiewit has a strong lead late in the battle for…
14 April 2017
May Date for Brent Delta's Big Lift
Officials at Anglo-Dutch supermajor Shell and offshore contractor Allseas have confirmed that the removal of the Brent Delta platform topsides in the UK sector of the North Sea will likely take place during the first week of May, weather permitting.Brent Delta is the first of four platforms to be decommissioned…
14 April 2017
North Sea start-up Decipher Energy has Confirmed a Deal to Buy up North Sea Assets out of Administration.
Decipher, which is led by former First Oil executive Steve Bowyer, now owns 100% of the Orlando and Kells licenses and expects to achieve first oil by 2018.The company has revived a plan to export oil from Orlando through the Ninian Central platform owned by CNR International.Yesterday Decipher also said…
14 April 2017
Scotrenewables’ Tidal Turbine Achieves Full Power
Scotrenewables Tidal Power’s SR2000 tidal turbine has reached full rated power at the European Marine Energy Centre (EMEC) in Orkney.The turbine has achieved a full, 2MW rated, export capacity on Wednesday, the company noted.Andrew Scott, CEO, said: “We are tremendously excited to have the SR2000 demonstrating the performance and cost…
13 April 2017
Lloyd’s Register and GOSCO Team Up in Ghana
Lloyd’s Register has formed a joint venture with GOSCO to provide well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of the Republic of Ghana.The aim of the joint venture company, known as ‘Lloyd’s Register Wells Ghana Limited’, is to make…
13 April 2017
KBR Lands Chevron Global Contract
US contractor KBR has scooped a multi-year engineering and procurement services deal with US supermajor Chevron.The master contract will see Houston-based KBR provide the services to the San Ramon, California-headquartered oil giant “in multiple global locations”.KBR will offer Chevron support on all phases of projects across its portfolio. Services will…
13 April 2017
Global Subsea Market: Entering An Age Of Recovery
The global subsea market has undergone one of, if not the, most brutal downturn in recent history. The Upstream Supply Chain research group at Wood Mackenzie has observed that lengthy project delays caused by long-term concerns about subsea cost stemming back from the previous decade coupled with the oil price…
13 April 2017
Offshore Service Vessels Contract
Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that it has arranged for the provision of Offshore Service Vessels ("OSVs") through Tidewater Marine International, Inc, with the signing of an OSV Contract for a multi well…
13 April 2017
Sandvik Wins Umbilicals Contract for Leviathan Gas Project
Sandvik has secured the contract to be the sole provider of stainless steel tubes in the umbilicals for the Leviathan gas field in the Mediterranean Sea, offshore Israel.The umbilicals for Leviathan will be made from Sandvik SAF 2507™ super-duplex stainless steel tubing and will be used for both injection and…
13 April 2017
UK's Rough Gas Storage Site Closed for Injection until April 2018
Britain's largest natural gas storage site, Rough, will not be available for gas injection until the end of April next year, operator Centrica Storage Ltd (CSL) said on Wednesday.Concerns about the integrity of wells at the Rough site, off England's east coast, prompted Centrica to impose limits last year on…
12 April 2017
SPT Completes Ophir WHP Installation
Dutch contractor SPT Offshore has completed installation of the wellhead platform for the Ophir development on the eponymous field off Malaysia.SPT said the operation to lift three structures was completed in “record-breaking” time on Tuesday.The offshore contractor used the Sea Aaryan heavy-lift vessel to firstly install the jacket on Sunday,…
12 April 2017
Hansa Heavy Plays its Part at Jangkrik
Hansa Heavy has transported a range of subsea equipment from three ports around the world for installation at Eni's Jangkrik gas project in Indonesia.The equipment, which included 24 reels, was picked up at Rosyth in the UK; Le Trait in France and Tanjung Langsat in Malaysia.The equipment was offloaded in…
12 April 2017
Tata Steel to Supply Structural Pipe for East Anglia One OWF
Tata Steel has secured an order to supply 4,400 tons of structural pipe for the turbine foundations of the ScottishPower Renewables East Anglia One offshore wind farm.Tata Steel will produce the structural pipe in its Hartlepool SAW Mill facility in UK.The contract will help to support approximately 130 employees at…
12 April 2017
JDR Bags East Anglia One Cable Deal
JDR has been awarded a contract by VBMS (UK) to supply intra-array cables for ScottishPower Renewables’ East Anglia One (EA1) offshore wind farm.The contract will see JDR design and manufacture 155 km of array cables including end terminations.JDR will also provide a cable management system at each offshore wind turbine…
12 April 2017
McConnell Dowell Awarded Tangguh Expansion Project
McConnell Dowell are pleased to announce they have been awarded a major marine development in Indonesia.The BP LNG Tangguh Expansion Project was awarded to McConnell Dowell by PT Saipem Indonesia (PTSI), and work is set to begin immediately with completion expected in early 2019.The development will involve the construction of…
12 April 2017
Edison Chouest Ofshore Announces New Alliance with BP for Broad Range of Services in Gulf of Mexico
Edison Chouest Ofshore (ECO) and its family of companies have announced a 30-month alliance agreement with BP, the largest energy investor in deepwater Gulf of Mexico over the past decade.Chouest and BP have enjoyed a business alliance for over eight years, and the new alliance will continue to include Chouest…
12 April 2017
Bilfinger Expands Inspection Service Footprint with Netherlands Contract Win
Asset lifecycle support services provider Bilfinger has secured a multimillion pound contract with Nederlandse Aardolie Maatschappij B.V (NAM) and Shell UK, creating over 30 jobs.The contract award will see Aberdeen-headquartered Bilfinger Salamis UK work with Bilfinger Industrial Services NL to provide topside inspection engineering and non-destructive testing services on the…
12 April 2017
Black Sea Oil & Gas SRL Awards Drilling Rig Contract for Two Offshore Wells in the Black Sea
Black Sea Oil & Gas SRL (“BSOG”) together with its co-venture partners announces the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black Sea continental shelf, to the local offshore drilling services provider GSP Offshore SRL (“GSP”).The cantilever-type…
12 April 2017
Aker BP has Received Consent to Drill an Exploration Well in the Frigg Gamma Delta Prospect.
Aker BP ASA (Aker BP) is the operator of production licence 442 in the North Sea. Aker BP has made a discovery in a prospect named Frigg Gamma Delta, around 20 kilometres east of the Frigg field. Aker BP has applied for consent to drill a well down to 1,180…
12 April 2017
Nord Stream 2 Signs Pipelay Contract with Allseas
Following an international tender process, Nord Stream 2 AG has signed a contract for offshore pipelay of the Nord Stream 2 natural gas pipeline through the Baltic Sea with Allseas on 6 April 2017. The company will undertake offshore pipelay works for both lines in 2018 and 2019. Allseas will…
11 April 2017
North Sea Region will see 30 Crude and Natural Gas Projects Start Operations by 2020, says GlobalData
Despite the low cycle that the market is facing, a total of 30 crude and natural gas projects are expected to start operations in the North Sea by 2020. The UK will lead with a total of 19 projects, followed by Norway with 10 and Denmark with a single project,…
11 April 2017
Heerema and AF Decom to Scrap Four Ekofisk Platforms
ConocoPhillips Skandinavia is said to intend to enter into a contract with Heerema Marine Contractors (HMC) for the removal and disposal of platforms connected to the Ekofisk field in the North Sea.According to AF Gruppen, a subcontractor to HMC, the contract includes engineering, preparation, removal and disposal (EPRD) of four…
11 April 2017
Edvard Grieg Appraisal Well Completed
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Edvard Grieg Southwest appraisal well 16/1-27.The appraisal well 16/1-27 in PL338 on the Edvard Grieg field is located on the southwestern flank of the field targeting additional resources.…
11 April 2017
Environmental Groups Reject Shell's Brent Oil Field Decommissioning Plans
Environmental groups have rejected Shell’s preferred means of decommissioning its North Sea Brent oil field, amid claims the oil giant’s plans lack sufficient detail and “don't allow international law to be upheld”.Under the plans, released in February, Shell would leave the legs of three of the platforms in place rather…
11 April 2017
North Atlantic Drilling Ltd. Announces Contract Awards for the West Elara and the West Linus
North Atlantic Drilling Ltd ("North Atlantic" or "the Company") a majority owned subsidiary of Seadrill Limited, has secured 10-year contract awards for the jack-ups West Elara and West Linus with ConocoPhillips Skandinavia AS ("ConocoPhillips") for work in the Greater Ekofisk Area. The total additional backlog for the new contract awards…
11 April 2017
Damen Shipyards Group has Entered into an Agreement with Keppel Offshore & Marine for the Acquisition of the Keppel Verolme Shipyard
Damen Shipyards Group has entered into an agreement with Keppel Offshore & Marine for the acquisition of the Keppel Verolme shipyard in the Rotterdam Botlek area.With the acquisition of the Verolme shipyard, Damen takes the next step in strengthening its repair and conversion activities within the regional ship repair and…
11 April 2017
Acquisition of SNS Pipeline
Independent Oil and Gas plc ("IOG" or the "Company") (AIM: IOG.L), the development and production focused Oil and Gas Company, is pleased to announce it has signed a Sale and Purchase Agreement (“SPA”) regarding the acquisition of the recently decommissioned Thames Gas Pipeline in the Southern North Sea (“SNS”) for…
11 April 2017
Wood Group Secures Design Contract for Statoil’s Snorre Expansion Project (SEP)
Wood Group has been awarded a contract with Statoil to provide front end engineering design (FEED) to the subsea flowline system of the Snorre Expansion Project in the Norwegian North Sea.The contract will be delivered by Wood Group’s Stavanger, Norway office and follows on from the successful completion of a…
10 April 2017
TMC Compressors to New-Build FRSU
International compressor supplier TMC Compressors (TMC) has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a new-build floating storage and regasification unit (FRSU). TMC’s scope of work includes engineering, manufacturing and supply of a complete compressed air system for…
10 April 2017
Premier Hires Wood Group for Tolmount FEED
Wood Group has been awarded a contract by Premier Oil to deliver front end engineering design (FEED) to the Tolmount offshore field development in the Southern North Sea.Effective immediately, Wood Group will provide topsides, jacket, pipeline, flow assurance and subsea engineering expertise for Premier’s Tolmount offshore assets and export pipeline,…
10 April 2017
SDLP - Seadrill Partners Announces Contract Award for the West Aquarius
Seadrill Partners LLC ("SDLP" or "the Company") has secured a one well contract with BP Canada Energy Group ULC for the West Aquarius in eastern Canada. The contract is expected to commence in the second quarter of 2018. The backlog for the contract, estimated to be a maximum of 120…
10 April 2017
Contract Extension for Bideford Dolphin
Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has entered into a one well contract extension, including one optional well, with Statoil for use of the semi-submersible drilling rig Bideford Dolphin for operation on the Norwegian Continental Shelf, with commencement latest 31 July 2017. The one-well program is…
10 April 2017
Amec Foster Wheeler Wins BP Global Engineering Services Framework Contract
Amec Foster Wheeler announced today that it has been awarded a global framework contract by BP International to provide engineering, procurement support and project management services for pre-FEED (front end engineering and design) and FEED work across a range of projects.The award will allow Amec Foster Wheeler to use its…
10 April 2017
BW Offshore: Closing of the Acquisition of Stake in Dussafu Field
BW Energy Gabon Pte. Ltd ("BWEG"), a subsidiary of BW Offshore, has today completed the acquisition of 100% interest in Harvest Dussafu B.V. from Harvest Energia B.V., a wholly-owned subsidiary of Harvest Natural Resources, Inc. (NYSE:HNR). Closing is in line with the terms and conditions previously communicated in the stock…
10 April 2017
Aker BP Enters into Long-term Framework Agreements
Aker BP ASA (Aker BP) has in international competition entered into long-term framework agreements with key suppliers of engineering services, construction, electro/ IT/ control room systems as well as transport and installation of fixed facilities offshore.Aker BP aims to plan and execute field development projects on Aker BP-operated fields in…
10 April 2017
Drilling Permit for Well 24/9-11 S in Production Licence 150 B
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 24/9-11 S, cf. Section 8 of the Resource Management Regulations.Well 24/9-11 S will be drilled from the Transocean Arctic drilling facility, at position 59°29’6.79’’ north and 01°50’7.65” east.The drilling programme for well 24/9-11 S relates to…
7 April 2017
McDermott Set for Angelin Deal
Engineering and fabrication giant McDermott is poised to win the contract to design and build the main facilities for the Angelin natural gas project off Trinidad & Tobago after operator BP and the government came to a basic agreement on the economic terms of the project.The US contractor is expected…