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3 April 2017
BP to Sell Forties Pipeline System to INEOS
BP today announced it has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS.Subject to partner, regulatory and other third party approvals, operatorship of the FPS assets and business will transfer…
3 April 2017
Shell Opens New Technology Centre in Bangalore
Shell today opened a new major technology hub in Bangalore, India, expanding the company’s R&D activities in Asia. The 52-acre, custom built technology centre can house up to 1,500 experts working collaboratively on innovative projects worldwide.Shell Technology Centre Bangalore (STCB) brings together R&D staff who previously worked at separate locations…
31 March 2017
Trelleborg Successfully Completes Wet Testing of NjordGuard™
Trelleborg’s offshore operation successfully completed a series of wet tests to verify the capabilities and functionality of its NjordGuard™ cable protection system for installation and removal on J-tube and monopile interfaces for offshore windfarms. In addition to passing all the tests, NjordGuard™ was installed and removed from the test rig…
31 March 2017
Norway: IMCA Plans ROV Seminar in May
Norway: IMCA Plans ROV Seminar in MayThe International Marine Contractors Association (IMCA) is organising an ROV Seminar, with the theme ‘The future for remote systems and ROVs in the offshore construction industry’.Chaired by Graham Duncan of TechnipFMC, the IMCA ROV Committee Chairman, it will be held Tuesday 30 – Wednesday…
31 March 2017
Making a Wide ROTV Reach Even Wider with ‘3D’ Steering
The EIVA ScanFish remotely operated towed vehicle (ROTV) models have always been able to follow the seabed, keep a fixed depth, or undulate up and down through the water. Up until now, it has not been possible to also have the ROTV effectively move side-to-side.However, after trying out various setups…
31 March 2017
Triangle to Increase Stake in Cliff Head Oil Field to 78.75% and Take Operational Control
Australian companies Triangle Energy and Royal Energy have agreed to acquire Roc Oil's 42.5% operating interest in the producing Cliff Head oilfield offshore Western Australia.The consideration is US$3.75 million and a deposit of US$200,000 has been paid by Triangle and Royal. Roc is a subsidiary of Chinese company Fosun.The deal…
31 March 2017
Sterling Resources Ltd Operational Update
Revenue from the Breagh gas field during 2016 totaled $37.0 million, on sales gas production of approximately 7.9 billion cubic feet ("Bcf") at an average realized price of 33.5 pence per therm ($4.58 per thousand cubic feet), and sales of 3,162 tonnes of condensate (23,251 barrels) at an average price…
31 March 2017
ExxonMobil Announces New Oil Discovery Offshore Guyana
Exxon Mobil Corporation (NYSE:XOM) announced today positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara.“The latest discovery at Snoek demonstrates the continued success we have achieved in this technically…
31 March 2017
Tambar- Re-development
Tambar- license with owners Aker BP and Faroe have now approved Tambar- development, consisting of two additional wells and gas lift. This is a major milestone for Tambar- that extends the production period from about 2018 to 2028 with a potential upside.Around 1.7 billion kroner will be invested targeting gross…
31 March 2017
Tyra Tender Imminent After Danish 'Win-Win' Deal
Maersk Oil is set to go out to tender imminently for the main fabrication contracts to rebuild its key Tyra gas hub off Denmark, a matter of days after the Danish oil industry secured long-awaited tax concessions from the government.After months of drawn-out negotiations, Maersk said the agreement with the…
30 March 2017
Deep Water 'Closing Gap on Tight Oil'
The deep-water sector is on the cusp of a recovery as costs come down to make field developments competitive with the US tight oil play, which is now suffering from accelerating cost inflation, according to Wood Mackenzie.The UK-based consultancy estimates that 5 billion barrels of oil equivalent in deep-water resources…
30 March 2017
Eni Gets Snadd Nod
Two wells will be drilled from Goliat in the Barents Sea in order to start production from the Snadd discovery.This will increase oil reserves on Goliat by 1.2 million standard cubic metres (7.5 million barrels).The Snadd reservoir is located between the two reservoirs from which Goliat is already producing (Realgrunnen…
30 March 2017
James Fisher Adds Insight
James Fisher Marine Services (JFMS) has acquired a Cornwall-based specialist survey company Insight Marine Projects.The acquisition will see the addition of hydrographic/geophysical survey and construction support to JFMS’s existing offering to the renewables, oil and gas and civil engineering markets.Richard Argall, managing director of marine projects at JFMS, said: “Our…
30 March 2017
Multipurpose Drill Ship Provided with Active Heave Compensated (AHC) Drilling Platform from MacArtney
Site investigations down to 60 m water depths have called for the installation of a turnkey MacArtney solution enabling the execution of advanced geo-technical drilling techniques.Newly launched multipurpose drill ship FREJA integrates a high-performance active heave compensated drilling platform manufactured by MacArtney. The drilling setup on board the vessel has…
30 March 2017
Exceed Nets £5.5M in Contracts
Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has secured four new North Sea contracts in the first quarter of 2017 with a combined revenue of approximately £5.5 million.The work includes a new contract for Exceed’s Performance Improvement division, a well management project and two engineering studies. This will…
30 March 2017
Hummer on Track for Q3 Start-up
Houston-based Castex Energy is on track to start up production at its Hummer field in the US Gulf of Mexico during the third quarter of the year.Field partner Petsec Energy said the platform deck modifications and construction were progressing “satisfactorily” at an onshore facility in Morgan City, Louisiana.It comes after…
30 March 2017
Farm-out of interest in AGC Profond PSC to CNOOC
Impact Oil and Gas Ltd, the African-focused pure exploration company, is pleased to announce that its subsidiary, Impact Oil & Gas AGC Ltd (“Impact”), has reached an agreement with CNOOC UK Limited (“CNOOC”), for the farm-out of a 65% participating interest in a Production Sharing Contract (“PSC”) and associated joint…
30 March 2017
ONEgas Appoints Jacobs for Platform Decomplexing Project in North Sea
Jacobs Engineering Group Inc. received a contract from ONEgas to perform engineering services for the decomplexing of its K15-FA platform in the North Sea. ONEgas is a combined business unit of Shell UK Exploration & Production (Shell) and the Nederlandse Aardolie Maatschappij B.V. (NAM). The contract is the first to…
30 March 2017
Fugro Boosts Specialist Oil and Gas Services in Guyana
Fugro is to boost its marine site characterisation services for the oil and gas industry in the Republic of Guyana with a new strategic alliance with Ground Structures Engineering Consultants Ltd. The new relationship will facilitate training for Guyanese citizens and support local economic development.The professionals employed by Ground Structures…
29 March 2017
FES International Secures Culzean Contract
FES International has secured a contract from National Oilwell Varco (NOV) to supply equipment for the Maersk Oil-operated Culzean field in the UK North Sea.The project includes the design, manufacture and supply of the several automatic Diverless Bend Stiffener Connectors (DBSC).Ian Latimer, technical director at FES International, said: “This project…
29 March 2017
ExxonMobil in Norway Sale to Point Resources
ExxonMobil is exiting its operated upstream position in Norway following a deal with private equity-backed player Point Resources.The deal, which has recently been rumoured to be on the cards, will see HitecVision-backed Point join the list of large independents operating on the Norwegian continental shelf. Apart from producing assets, Point…
29 March 2017
EnerMech Adds 19 Gantry Cranes To Extended Total E&P Contract
EnerMech has secured a new three-year contract, with two one-year options, for North Sea crane operation and maintenance on behalf of Total E&P UK Ltd.The previous 5-year contract for the provision of operation and maintenance services across 10 pedestal cranes has been revised and updated to include scope for 19…
29 March 2017
Sparrows Group Secures Three Year Ichthys Contract
Sparrows Group has secured a three year contract to deliver fixed crane maintenance and lifting and rigging services for the INPEX-operated Ichthys liquefied natural gas (LNG) project in Australia.The agreement is the latest in a series of significant business wins for Sparrows and will see the company’s teams in Perth…
29 March 2017
Pioneering Spirit Tests New Equipment
Marine contractor Allseas is testing new equipment aboard its behemoth twin-hull vessel Pioneering Spirit as it prepares for its next deployment.The Swiss vessel owner released pictures this week of the pipelay stinger and stinger transition frame (STF) that have been installed in the bow slot of Pioneering Spirit for the…
29 March 2017
Sole Gas Project Ready to Proceed and Equity Raising
Cooper Energy Limited (ASX: COE) (“COE” or “Cooper Energy” or “the Company”) announces that the Sole gas project has been approved as ready to proceed by the Company’s Board of Directors and that finalisation of financing has commenced with a fully underwritten equity raising of approximately $151 million.The project will…
29 March 2017
Preferred Supplier Agreement for Indonesian Tidal Power Projects
Atlantis, a global leader in the tidal power generation sector, has signed a Preferred Supplier Agreement ("PSA") with SBS INTL LTD (SBS), a privately-owned international marine, subsea and renewable energy project developer, for the supply of turbines, engineering services and equipment for a 150MW (megawatt) tidal-stream array located in Lombok,…
29 March 2017
Drilling Permit for Well 7220/11-4 in Production Licence 609
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4, cf. Section 8 of the Resource Management Regulations.Well 7220/11-4 will be drilled from the Leiv Eiriksson drilling facility at position 72°2' 27.56" north and 20°33' 8.1" east.The drilling programme for well 7220/11-4 relates to the…
29 March 2017
Drilling Permit for Well 7220/11-4 in Production Licence 609
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4, cf. Section 8 of the Resource Management Regulations.Well 7220/11-4 will be drilled from the Leiv Eiriksson drilling facility at position 72°2' 27.56" north and 20°33' 8.1" east.The drilling programme for well 7220/11-4 relates to the…
29 March 2017
Add Energy’s Well Control celebrates three year Framework Agreement with Statoil
Add Energy’s Well Control & Blowout Support group has secured a framework agreement with Statoil Petroleum AS for Well Planning, Blowout and Kill Simulations. This framework agreement will provide specialist services to Statoil over the next three years with an agreed optional extension of two periods of one-year extension. Under…
28 March 2017
Sevan 'Feeding' on FLNG Work with ExxonMobil
Sevan Marine is understood to have landed front-end engineering and design work with ExxonMobil that could see the first application of its cylindrical concept for floating gas liquefaction on a field being developed by the US behemoth.The putative deal, disclosed by an industry source, follows a framework pact agreed earlier…
28 March 2017
Gas Flowing at Third Gorgon Train
US giant Chevron has started production from the third and final train at its Gorgon liquefied natural gas project in Western Australia.Chevron announced the milestone on Tuesday which now sees the nameplate capacity for the LNG export project on Barrow Island increase to 15.6 million tonnes per annum.“This is a…
28 March 2017
Schlumberger Takes Borr Stake
Schlumberger has taken an ownership stake in Norwegian drilling start-up Borr Drilling through a new investment fund launched by the oilfield services giant.It follows an equity issue by Borr to raise $800 million towards its recent $1.35 billion acquisition of Transocean’s entire jack-up fleet of 15 units that was backed…
28 March 2017
Erin Energy Announces Farm-out Deal with FAR for Gambia Blocks
Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced today it has entered into a definitive farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil and gas company, whereby FAR will acquire an 80% interest and operatorship of Erin Energy’s offshore A2 and A5…
28 March 2017
Aban Offshore Scores ONGC Drillship Deal
Offshore drilling services provider Aban Offshore has been awarded a contract by the India’s Oil & Natural Gas Corporation (ONGC) for deployment of the drillship Aban Ice for a firm period of 3 years.The total value of the letter of award is approximately $72.4 million (equivalent to INR 471 Crores).This…
28 March 2017
Fugro to Start Second Phase of Rampion Cable Laying
Fugro is set to begin ‘phase two’ of cable laying operations at the Rampion offshore wind farm, following a winter break.In August, Fugro started cable laying operations at the Rampion site, off the UK’s Sussex coast, from its subsea construction vessel, the Fugro Symphony.The vessel loaded and transported around 75…
28 March 2017
Bibby Wavemaster 1 Launched at Damen Shipyards Galati
A purpose-built Service Operations Vessel (SOV) with Walk-to-Work capabilityThe pioneering Bibby WaveMaster 1, the first of Damen’s purpose-built Service Operations Vessels (SOV) with Walk-to-Work (W2W) capability, was officially launched at Damen Shipyards Galati in Romania on March 24th.When completed, Bibby Marine Services Limited, part of Bibby Line Group, will deploy…
28 March 2017
Eidesvik and CGG to Set Up New Company for Seismic Fleet
CGG has agreed in principle with its longstanding partner Eidesvik and its Nordic lenders to establish a new ownership set-up for its operated fleet.The new set-up is based on the creation of a new company that will own five vessels currently owned by CGG and cold-stacked (Geo Coral, Geo Caribbean,…
28 March 2017
Mobilisation of Deepsea Metro 1
Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) on behalf of the Galoc Joint Venture partners is pleased to advise that the drillship “Deepsea Metro I” has commenced mobilisation from Labuan, Malaysia to the Galoc-7/7ST well location in Block C1 of Service Contract 14, offshore, the Republic of the…
28 March 2017
Poland Considers Building Floating LNG Terminal by 2021
Poland is considering building a second liquefied natural gas (LNG) terminal on the Baltic Sea by 2021 for about 700 million euros ($761 million), as a potential alternative to a planned gas pipeline to Norway, the gas system operator said on Monday.Poland imports most of the gas it consumes from…
28 March 2017
INPEX to Sell Shares in INPEX NATUNA Ltd. and Recognize Associated Losses
INPEX announced today that it has decided to sell all its shares in INPEX NATUNA Ltd., its wholly-owned subsidiary that holds a 35% participating interest in South Natuna Sea Block B (the Block) in Indonesia, to PT Medco Daya Sentosa (Medco), a subsidiary of PT Medco Energi Internasional Tbk., a…
28 March 2017
Maersk Drilling Secures Contract for Jack-Up Maersk Gallant
Maersk Drilling has been awarded a contract for the harsh environment jack-up rig Mærsk Gallant, following a competitive tendering exercise by Nexen Petroleum U.K. Limited, a wholly owned subsidiary of CNOOC Limited.The contract covers the drilling of the High-pressure, High-temperature (HPHT) exploration Glengorm well, in the UK sector of the…
27 March 2017
Siemens and Sumitomo Electric Win Order for HVDC Link and Agree on Cooperation
A consortium between Siemens and Sumitomo Electric Industries Ltd. has been awarded an HVDC order from Indian transmission operator Power Grid Corporation of India (POWERGRID) to supply a high-voltage direct current (HVDC) transmission system. The about 200 km long HVDC connection will be India’s first DC link featuring voltage-sourced converter…
27 March 2017
Concrete Weight Coating of the Nord Stream 2 Pipes Begins in Kotka, Finland
Nord Stream 2 AG’s Contractor Wasco has started concrete weight coating of the pipes needed for the natural gas pipeline through the Baltic Sea in its pipe coating plant in Kotka, Finland. Almost half of the 200,000 pipes needed for the entire project will be concrete weight coated in Wasco’s…
27 March 2017
Green Light for Norwegian OSV Mega Merger
Solstad, Farstad, Deep Sea Supply (DESSC) and Solstad’s relevant subsidiaries have approved and signed statutory merger plans into which Farstad and DESSC will be merged.As reported earlier, Deep Sea Supply and Farstad Shipping will merge into and be established as individual subsidiaries under Solstad Offshore, with shareholders of Deep Sea…
27 March 2017
BP Makes Third Gas Discovery in North Damietta Concession, East Nile Delta, Egypt
BP announced today another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of approximately 108 metres using the El Qaher II jack-up rig. The wireline logs, pressure…
27 March 2017
Investing NOK 20 Billion in New Projects on the Norwegian Continental Shelf
New technology and project improvements trigger new investments on the Njord and Bauge fields in the Norwegian Sea. Statoil, on behalf of the partnerships in the licences, today submits the plans for the development projects to the Norwegian minister of petroleum and energy, Terje Søviknes.“When we submitted the plan for…
27 March 2017
Wood Group Gains Premier Extension
London-listed company Wood Group has renewed and expanded upon a contract with UK independent Premier Oil in the North Sea.The $50 million deal will see Wood Group continue to provide topside operations and maintenance services to the Balmoral floating production vessel in the Central North Sea, while also adding the…
27 March 2017
Halifax Find for Hurricane
Hurricane Energy has made an oil discovery with a wildcat at the Halifax prospect West of Shetland off the UK that has confirmed it forms part of a single large hydrocarbon deposit connected with its earlier Lancaster find.The 205/23-3A probe drilled by semi-submersible Transocean Spitsbergen uncovered an “extensive” oil column…
27 March 2017
Maersk Oil in Flyndre Start-Up
Production has begun from the Maersk Oil-operated Flyndre field in the UK and Norwegian North Sea.First oil began to flow on Sunday, March 26, travelling 25 kilometers via pipeline to the Repsol Sinopec-operated Clyde platform.Production from the Flyndre field is expected to peak at around 10,000 bopd with the field…
27 March 2017
TechnipFMC Bags Kaikias Award
TechnipFMC has been awarded a contract by Shell for the delivery, integration, and installation of the subsea production system (SPS) and subsea riser, jumper and flowline (SURF) equipment for phase one of the Kaikias deep water project in the Gulf of Mexico.“TechnipFMC has a proven track record of competitively designing…