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20 March 2017
SPIE Lands Montara Double
Service provider SPIE Oil & Gas Services has been awarded two contracts by Thai company PTTEP at its Montara oil project off north-west Australia.SPIE revealed Monday it had been awarded contracts to provide control systems and electrical equipment in hazardous areas (EEHA) maintenance services.The company will provide instrument and controls…
20 March 2017
James Fisher in Gwave Setup
James Fisher Marine Services (JFMS) has been selected to provide project engineering services for Gwave’s inaugural ‘Power Generation Vessel’ (PGV) installation, the first wave energy device of its kind to be used in Europe.The work will be undertaken by a division of JFMS, Marine Projects (previously Mojo Maritime), who will…
20 March 2017
Borr in Transocean Rig Raid
Borr Drilling has inked a letter of intent to acquire the entire jack-up fleet of Transocean in a proposed deal worth around $1.35 billion.The drilling start-up, backed by Norwegian investor Tor Olav Troim, will pick up 10 operational rigs plus another five units under construction at Singapore yard Keppel Fels…
20 March 2017
OGA-TNO Join Forces on Hypo-Lias Project
The Oil and Gas Authority (OGA) has joined the Netherlands Organisation for Applied Scientific Research (TNO) on the on-going joint industry research project, ‘Hypo-Lias’, to explore the hydrocarbon potential of Jurassic rock formations across the Southern North Sea (SNS).This research project, executed as part of the Dutch TKI Upstream Gas…
20 March 2017
Official Opening of Kongsberg Maritime's New Training Centre
This week was the official opening of Kongsberg Maritime's expanded training centre in Horten. Located on the dockside of the inner harbour, the centre is set to welcome course participants from around the world.The team, consisting of seven instructors, will be able to provide a complete set of combined or…
20 March 2017
Kraken & Fraunhofer Sign Technology Licencing Agreement for Underwater Robotics
Kraken Sonar Inc. (TSX-V: PNG) announced today that in a strategic move to further strengthen its IP portfolio, it has signed an exclusive licensing agreement for underwater robotics technology with Germany’s Fraunhofer Institute for Optronics, System Technologies and Image Exploitation (IOSB).Fraunhofer is the largest organization for applied research in Europe…
20 March 2017
Cambodia to Revise Oil Contract, Paving Way for First Oil
Cambodia will sign a revised production sharing contract this month with Singapore-listed explorer KrisEnergy to develop an offshore field that could finally produce the country's first oil after years of delays, a government official said.Cambodia is revising some fiscal terms in the 2002 contract for the Cambodia Block A field…
20 March 2017
Fugro Hunts for More Hydrocarbon Seeps in US Gulf of Mexico
In collaboration with multi-client geoscience data company, TGS, Fugro continues to map the seafloor in the Gulf of Mexico to pull together a complete picture of geological features, including hydrocarbon seeps.This latest survey, “Otos”, follows the successful completion of another TGS industry-funded “Gigante” survey in 2016, on the Mexican side…
20 March 2017
L&T Hydrocarbon Wins ₹ 1656 Cr (USD 245 Million) Contract from ONGC
L&T Hydrocarbon Engineering Limited (LTHE), a whollyowned subsidiary of Larsen & Toubro, has bagged an offshore contract for the Neelam Re-Development & B173AC Project from the Oil & Natural Gas Corporation (ONGC) valued at ₹ 1656 crores (USD 245 Million). The Contract, won against international competitive bidding, encompasses total ‘EPCIC’…
20 March 2017
Njord Future Gets Investment Nod
Statoil and its partners have formally sanctioned the Njord Future redevelopment scheme in the Norwegian Sea, as well as tie-in of the Bauge satellite field that is being developed in tandem with the project, according to a partner.The final investment decision comes on the heels of the award of a…
17 March 2017
Analyst Finds Upstream Companies Cautiously Optimistic About Outlook for 2017
Upstream companies may be quietly optimistic about the outlook for 2017, but many remain cautious. Wood Mackenzie’s analysis of the 2017 guidance issued during the 4Q reporting season indicates that approaches to capex and production targets this year depend, in large part, on a company’s operational focus. Producers with exposure…
17 March 2017
Norway Adds Barents to Undiscovered Resources
Norway is set to give a significant boost to its unproven oil and gas resources next month as it includes the northern part of the Barents Sea as a potential new petroleum province.It is understood that Petroleum & Energy Minister Terje Soviknes will announce a substantial increase in the official…
17 March 2017
Contractor Pair Eye Rising Work Tide
Contractors Aibel and Subsea 7 see burgeoning prospects for field development work going forward on the back of industry cost-cutting that has made projects commercially viable at lower oil prices.Aibel chief executive Mads Andersen said the Norwegian engineering, fabrication and maintenance contractor intends to use its international presence “to capitalise…
17 March 2017
ONGC Eyes KG-DWN-98/2 Floater Pre-Qualification
India’s state-controlled Oil & Natural Gas Corporation (ONGC) is set to launch pre-qualification this month for the large floating production, storage and offloading vessel it plans to install at its $5 billion-plus KG-DWN-98/2 deep-water development off the country’s east coast.Several sources close to the FPSO tender process stated that ONGC…
17 March 2017
BP Negotiating Sale of Forties Pipeline to Ineos
BP has entered into a discussions with Ineos regarding a potential sale of the Forties Pipeline System (FPS).The FPS system comprises an approximately 100 mile offshore pipeline from the unmanned offshore Forties Unity platform to the onshore terminal at Cruden Bay.The second part of the system is an onshore pipeline…
17 March 2017
Apache Asks for North Sea Corona Field Consent
US-headquartered Apache said the Corona project would involve drilling operations, the installation of a subsea manifold and a tie-back from Corona to the Beryl Alpha platform.Apache intends to start offshore construction work later this year with first oil slated for 2019.Corona is located 172 miles east of Shetland in the…
17 March 2017
Oil Minister: Up To 12 Oil And Gas Projects Possible In Norway This Year
Up to 12 oil and gas projects off Norway could be sanctioned by oil companies this year, the Norwegian oil and energy minister told Reuters on Thursday, suggesting that activity in the sector could be on the rise after a two-year slump."There is a possibility that there can be 10…
17 March 2017
OGA Activity Plan 2017 and 2018
The Oil and Gas Authority (OGA) has published its Activity Plan 2017 and 2018. This document describes the 10 priority areas where the OGA will direct its efforts to continue to ensure maximum impact over the next two years, including an updated set of milestones and targets.The Activity Plan retains…
17 March 2017
Magseis Gains Extension for Red Sea Survey
Geophysical company Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea.According to the company’s statement on Friday, the project has an expected duration of 6-7 months…
17 March 2017
CH2M Signs Framework Agreement with Shell to Provide Global Engineering Services
CH2M has signed a framework agreement with Shell to provide engineering, procurement, construction and project management services across upstream, integrated gas and downstream projects globally. This is in line with continuing efforts to make transformational improvements in capital project delivery efficiency in the oil and gas sector.In keeping with Shell's…
17 March 2017
Kvaerner to Upgrade the Njord Platform
Statoil has awarded Kvaerner the contract for complete upgrade of the Njord A platform. The contract has an estimated value of around NOK 5 billion and will amount to about 3 000 man-years."This is one of the most important contracts in the market this year. We are proud of the…
16 March 2017
QGEP Puts off Atlanta Output Over FPSO Delay
Brazilian independent Queiroz Galvao E&P (QGEP) has postponed output from the Atlanta heavy oil field in the Santos basin to early 2018, due to delays in the conversion of the Petrojarl I floating production, storage and offloading vessel.Canadian floater specialist Teekay Offshore is facing larger than expected difficulties with upgrades…
16 March 2017
New Shah Deniz 2 Jacket Sets Sail
The second jacket set for the BP-led consortium’s Shah Deniz 2 gas field development in Azerbaijan’s section of the Caspian Sea has sailed away from a local yard.The quarters and utilities (QU) jacket left the Heydar Aliyev Baku Deepwater Jackets facility on the STB-1 barge on Wednesday, BP said.The jacket,…
16 March 2017
Atlantis Targeting French Tidal Power Market
Atlantis, a global leader in the tidal power sector, has today announced its intention to enter the French tidal market through the establishment of a cooperation agreement with French specialist marine engineering company, INNOSEA which is headquartered in Nantes.France has the second largest tidal power resource in Europe. In collaboration…
16 March 2017
Sale of Viking Poseidon Completed
Reference is made to Eidesvik Offshore ASA's (the "Company") stock exchange notice dated 1 March 2017 regarding the Company's proposal for full settlement of Eidesvik Offshore ASA Senior Unsecured Bond Issue 2013/2018 (the "Bond Loan") at 60% of par value and summons to a bondholder meeting for the Bond Loan.…
16 March 2017
Semco Maritime Enters into its Largest Contract with Maersk Oil and Gas
Maersk Oil and Gas and Semco Maritime signed a contract for manpower to the operations in the North Sea. The contract, which has a duration of 5 years, include both blue collared and white collared employees. The agreement means that Semco Maritime will increase the number of offshore employees in…
16 March 2017
Atlantic Navigation Lands $44m Liftboat Charter in Middle East
Atlantic Navigation Holdings (Singapore) Limited has landed a $44m charter for its liftboat with a Middle Eastern National Oil Company (NOC).The liftboat, AOS Maintainer I, will be on a firm one-year charter with two one-year extension options to support the NOC’s operations in the Arabian Gulf. The vessel is expected…
16 March 2017
CGG Completes Processing of Carabao Regional Multi-Client Study in the Philippenes
CGG announced today that the final geoscience data for its Carabao multi-client study, acquired offshore the Philippines, are now ready for delivery. The study integrates over 8,500 km of new broadband prestack time-migrated 2D BroadSeis™ data and complementary marine gravity and magnetic data acquired with the seismic. The BroadSeis data…
16 March 2017
Energean Signs Concession Contract for Two Offshore Blocks, Montenegro
Energean Oil & Gas (“Energean") is pleased to announce that it has signed an exploration and production Concession Contract with the State of Montenegro covering offshore blocks 4219-26 and 4218-30, following approval from the Parliament of Montenegro. The contract was signed by Mrs Dragica Sekulic, Montenegro’s Minister of Economy, and…
16 March 2017
Peterson Awarded Major Five Year Contract to Support BP in Trinidad
Leading international energy logistics provider Peterson has been awarded a five year contract, with options for further extension, with BP Trinidad and Tobago LLC (“BPTT”) to provide integrated logistics services for its operations in Trinidad & Tobago.The scope of work includes integrated supply base operations management, logistics control planning and…
16 March 2017
Contract for CSV with Repsol Sinopec Resources Ltd
Solstad Offshore ASA (SOFF) has entered into a contract with REPSOL SINOPEC RESOURCES UK LTD for hire of the CSV “Normand Jarstein” for a period of 90 days firm with further 60 days options.“Normand Jarstein” will commence her contract end of April 2017.
15 March 2017
Siem Ruby Completes Rock Clearance For Caithness-Moray Link
A key milestone for the Caithness-Moray transmission project has been reached following clearance of rocks and boulders along the proposed route for the subsea cable.This is the first in a series of major offshore activities throughout 2017 that will allow the installation of two high voltage direct current (HVDC) cables…
15 March 2017
Wallaby Engineering and Subsea Tooling Services Join Forces
Perth-based Wallaby Engineering has formed an alliance with UK-based Subsea Tooling Services (STS).The formal agreement allows Wallaby Engineering the right to distribute and support the Subsea Tooling Services range of subsea dredgers.“This is an extremely significant alliance for both companies, that will allow us to use our respective key strengths,…
15 March 2017
UMV Wins Petrofac Contract
Malaysia UMW Oil & Gas has been awarded a contract to provide a jack-up rig for Jersey-based Petrofac's drilling programme in Malaysia.UMW revealed its subsidiary UMW Offshore Drilling had received a letter of award to provide drilling services for Petrofac .It will supply its jack-up Naga-5 rig from the second…
15 March 2017
Noble Drives Down Leviathan Well Costs
Noble Energy has lined up another appraisal well at its Leviathan gas discovery off Israel as it looks to save costs by drilling two probes back-to-back with the same rig.The US independent is set to spud the Leviathan-7 development well within weeks, once the drillship Atwood Advantage is done drilling…
15 March 2017
PSA Inspects Pipeline Fabrication for Maria Field
Petroleum Safety Authority (PSA) Norway has carried out an audit of Wintershall’s management of pipeline fabrication for the development of the Maria field.Subsea 7 has a contract with Wintershall for the engineering, purchasing, fabrication and installation of the pipelines. The audit also covered Subsea 7’s fulfillment of its responsibility for…
15 March 2017
ODL - Deepsea Bergen Receives a Letter of Intent for a One Well Contract
Odfjell Drilling has received a letter of intent from an undisclosed party for further employment for its 3rd generation semi- submersible, Deepsea Bergen, for one firm "high pressure high temperature"-well ("HPHT-well") plus options for two additional HPHT-wells on the Norwegian Continental Shelf ("NCS"). The contract commencement is scheduled to Q1…
15 March 2017
Semco Maritime Enters into Rig Cooperation with Skipavika Terminal
Semco Maritime and Skipavika enter into strategic agreement on service preparedness for all rigs at the port facility Skipavika Terminal near Bergen. The agreement also comprises an intention to develop the submarine base Olavsvern near Tromsø as a rig service centre.Semco Maritime and Skipavika have entered into a strategic agreement…
15 March 2017
Norway Government Cuts 2017 Oil Investment Forecast
Investments by Norway's oil industry will decline more than expected in 2017 and economic growth is now seen fractionally lower than forecast, the country's finance ministry said on Tuesday at the start of a three-day government budget meeting.At the same time, a rise in the price of crude, Norway's top…
15 March 2017
Atlantic Petroleum Sells its 25% Interest of 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 it has entered into a Sale and Purchase Agreement with Decipher Energy for its 25% interest in the Orlando development.The consideration is a 2% revenue share of the total Orlando production revenue until the field has…
15 March 2017
Total Brings on Stream Moho Nord Deep Offshore Project
Total has started up production from the Moho Nord deep offshore project, located 75 kilometers offshore Pointe-Noire in the Republic of the Congo. Operated by the Group, the project has a production capacity of 100,000 barrels of oil equivalent per day. “Moho Nord is the biggest oil development to date…
15 March 2017
Amec Foster Wheeler Wins £60million Contract Extension for Centrica’s Morecambe Bay Assets
Amec Foster Wheeler announces today that it has been awarded a contract extension by Centrica for its Morecambe Bay onshore and offshore gas production assets. The Engineering, Construction and Project Support (ECAPS) contract includes work for operations and maintenance, minor modifications and projects.The original contract awarded to Amec Foster Wheeler…
14 March 2017
Seaway Heavy Lifting Takes Delivery of Seatools Pre-Piling Template Equipment
On behalf of its client Seaway Heavy Lifting, subsea technology company Seatools completed the development, manufacturing, and installation of a piling instrumentation and control system for the Pile Installation Frame (pre-piling template) which will be used for the construction of a large offshore Windfarm. Seaway Heavy Lifting will commence the…
14 March 2017
WGP Prepares for North Sea Spring Campaign
WGP Group informed that the preparations for 2017 Spring North Sea projects are in full swing.WGP’s parent company, Thalassa, said that the seismic operations are on track and anticipated to start during April.WGP in December 2016 secured a contract from ConocoPhillips Skandinavia to acquire seismic data on the Eldfisk field…
14 March 2017
Halliburton 'Circling' for Aker Solutions
US oilfield services giant Halliburton is reportedly poised to secure a takeover deal for Norway’s Aker Solutions, having earlier failed in its bid to acquire rival Baker Hughes.Talks are progressing for the sale of the Oslo-listed engineering player in whole or in part, with Halliburton most interested in Aker Solutions’…
14 March 2017
Chevron Hits Pay at Anchor Appraisal
Chevron has come up trumps with its latest appraisal well on the Anchor discovery in the US Gulf of Mexico, partner Cobalt International Energy has said.The California-headquartered supermajor struck around 800 feet of net oil pay at the latest well on the Anchor field on Green Canyon Block 807, Cobalt…
14 March 2017
Hyperdynamics Corporation Signs a Tri-Party Protocol with the Guinea Government and SAPETRO
Hyperdynamics Corporation (OTCQX: HDYN) (the "Company") today announced that its wholly owned subsidiary, SCS Corporation Ltd. ("SCS"), has collectively executed on March 10, 2017 in Conakry a Tri-party Protocol "Protocol" with the Government of the Republic of Guinea and South Atlantic Petroleum ("SAPETRO"). The document has been signed by the…
14 March 2017
Pride Secures Subsea Vessel Charter
Marine vessels owner/operator FTAI Offshore, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), has secured a short-term charter to support the installation of subsea infrastructure. The vessel will be contracted to provide marine and subsea construction operations offshore Malaysia.The Canadian-built DP-3 Vessel, the M/V Pride (130m x 28m…
14 March 2017
Azinor Catalyst Completes Partridge Prospect Site Survey
Azinor Catalyst (“Catalyst”), the Seacrest Capital Group-backed E&P company focused on the United Kingdom Continental Shelf (“UKCS”), is pleased to announce the completion of the Partridge Prospect (the ‘Prospect’) site survey in the UK North Sea.The survey was conducted by Gardline Geosurvey Limited using Gardline’s MV Sea Explorer, an integrated…
14 March 2017
Aibel Signs up Aqualis Offshore for Risk Analyses
Aqualis Offshore has been contracted by Aibel to conduct human factors analyses for a number of the EPC contractor’s ongoing projects on the Norwegian continental shelf.Under the contract, Aqualis Offshore’s risk management specialists will conduct human factors analyses of Aibel’s work on the Snorre Expansion Project, the Dvalin project and…