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13 March 2017
Seaproof Solutions’ Cable Protection for Hornsea Project One OWF
Seaproof Solutions has secured a contract to supply cable protection systems (CPS) for DONG Energy’s 1.2 GW Hornsea Project One offshore wind farm in UK.The contract, awarded by DONG Energy Wind Power, covers the design and supply of 248 cable protection systems for the inner array grid submarine cables.The Hornsea…
13 March 2017
Norway Blocks on the Table
The Norwegian government intends to offer as many as 93 new exploration blocks in the frontier Barents Sea under the country’s next licensing round to be launched later this year.A total of 102 tracts - also including nine in the Norwegian Sea - would be up for grabs under the…
13 March 2017
Atlantis Subsea Farming Concept Reduced to Two Development Licenses
The Norwegian Directorate of Fisheries has awarded development licenses to Atlantis Subsea Farming concept, but limiting the project to 2 licenses out of 6 the company applied for back in January 2016.Atlantis Subsea Farming was established last year after Norwegian company AKVA group teamed up with Sinkaberg-Hansen and Egersund Nethas…
13 March 2017
LGO Finds Goudron Oil
London-listed LGO Energy has hit oil after drilling the first development well of the new planned programme at the onshore Goudron field in Trinidad.The GY-682 reached total depth at 1145 feet, LGO said on Monday. "Electric log interpretation of the Mayaro Sandstone target interval confirms the presence of oil over…
13 March 2017
Wood Affirms O&G Focus Post AmecFW Deal
Wood Group remains committed to oil and gas as its main market going forward following its $2.7 billion takeover move for Amec Foster Wheeler, with the North American unconventionals market one possible area of expansion for the enlarged services player.Aberdeen-based Wood is also confident that the combined company’s presence in…
13 March 2017
Wood Group Confirms Mad Dog 2 Work
Engineering service provider Wood Group has been awarded two contracts on BP's Mad Dog Phase 2 development in the US Gulf of Mexico.Wood Group confirmed Monday it had been contracted by South Korea's Samsung Heavy Industries to provide engineering and procurement services for the topsides for the development's floating production…
13 March 2017
GC Rieber Shipping - Shearwater GeoServices, TGS Optional Survey Confirmed
Reference is made to the announcement on 19th January 2017, in which GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices ("Shearwater") had entered into agreements with TGS for two seismic surveys, one firm and one optional. Shearwater has now received confirmation from TGS that the optional work program…
13 March 2017
GC Rieber Shipping - Shearwater GeoServices, Awarded Extension to Current Contract
GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices ("Shearwater") has been awarded an extension to an ongoing contract in the APAC Region. The Polar Marquis will undertake an additional 835 Square Kilometers of 3D broadband acquisition and associated depth processing for an NOC.
13 March 2017
Defer, Wait, Repeat: Newbuild Jackup Delivery Outlook Not Improving
While delivery dates for the 107 jackups under construction get pushed back toward 2020, the path to achieving deliveries couldn’t be more obstructive.Last week, COSCO Shipyard announced that it “sees no notable upturn in the global market any time soon” and will close three of its five offshore yards by…
13 March 2017
Subsea 7 Announces Acquisition of Seaway Heavy Lifting
Subsea 7 S.A.today announced the acquisition, from K&S Baltic Offshore (Cyprus) Limited, of its 50% shareholding in Seaway Heavy Lifting Holding Limited (Seaway Heavy Lifting). Following signing and completion, after close of business on 10 March 2017, Seaway Heavy Lifting and its subsidiaries became wholly-owned by Subsea 7.Jean Cahuzac, CEO,…
13 March 2017
TGS Announces Carlsen 3D Multi-Client Project in Norway
TGS announces new multi-client acquisition project, Carlsen 3D in Barents Sea, Norway.Carlsen 3D (CAR17 3D) is a 5,490 km2 multi-client survey in open acreage located in the Southwest Barents Sea between the Tromsø and Sørvestnaget Basins. Multi-level targets exist within Pre-Cretaceous, Cretaceous and Paleogene throughout the area - leads include…
13 March 2017
WorleyParsons Signs Multi-Regional Agreement with Chevron
WorleyParsons has signed a long term multi-regional agreement with Chevron for engineering and procurement services. The scope of the agreement allows use in all engineering phases of Chevron’s capital project program from conceptual engineering to final design. Numerous WorleyParsons locations are eligible to work under the agreement.“WorleyParsons has enjoyed a…
13 March 2017
Lancaster EPS Environmental Statement
Hurricane proposes to begin production from its Lancaster field via an Early Production System (EPS), with first oil hopefully being achieved by mid-2019. In compliance with the legislative framework for the offshore industry and as part of Hurricane’s commitment to optimising environmental performance, a systematic environmental impact assessment (EIA) has…
13 March 2017
Wood in $2.7bn AmecFW Takeover
UK oilfield services giant Wood Group is taking over Amec Foster Wheeler in a deal valued at around $2.7 billion.The takeover, coming less than three years after Amec fused with Foster Wheeler, is set to lead to £190 million ($232 million) in one-off costs over the first three years of…
13 March 2017
EDF EN Seeks Geotechnical Investigators for the Mediterranean Floater
Parc Eolien Offshore De Provence Grand Large, a subsidiary of EDF EN France, has invited tenders for geotechnical investigations and associated services for the 24MW Provence Grand Large floating offshore wind farm in the French part of the Mediterranean Sea.The purpose of this contract is to achieve an offshore geotechnical…
13 March 2017
RVO.nl Needs Offshore Wind Site Study Management Experts
Netherlands Enterprise Agency (RVO.nl) has issued a tender for framework contracts with external experts who can support RVO.nl in managing site studies and assist with the development of offshore wind farm zones.These site studies will be used for the preparation of bids for tenders to construct a wind farm in…
10 March 2017
A Vital Link - Fugro Surveys Viking Link
Fugro completes a seabed survey for the Viking Link one of the longest DC electricity interconnectors that will link the UK and Danish electricity supplies.The Viking Link, a joint venture between the UK’s National Grid and Denmark’s Energinet, is a proposed 1,400-megawatt high voltage direct current electricity link, which passes…
10 March 2017
Wood Group Has Anchor and Tigris in its Sights
Wood Group is understood to be in pole position to win a pre-front-end engineering and design contract on the Anchor and Tigris developments in the deep-water US Gulf of Mexico.The work will involve the topsides of semi-submersible production facilities for the Chevron project.The UK-listed engineering player is believed to be…
10 March 2017
Engie Eyes New Gjoa Wildcats
Engie E&P is lining up two more exploration wells near its producing Gjoa field off Norway after coming up trumps with the nearby Cara discovery as productivity rates exceed expectations.The French operator has identified two prospects - P1/North and Hamlet - outside the Gjoa production area that it plans to…
10 March 2017
Sudden Threat to Sverdrup Installation Plans
A proposed regulatory change to Norway’s Working Environment Act could have severe consequences for Statoil’s giant Johan Sverdrup development, as it would — if passed by Parliament — effectively ban the only vessel capable of installing the field’s massive topsides structure.The Norwegian national oil company’s development plan for Sverdrup is…
10 March 2017
Prysmian Inter-Array Cables for Two Offshore Wind Farms
Prysmian Group has secured two new contracts for offshore wind farms in Germany and Denmark.The contracts are for the development of inter-array cable systems to link among the turbines composing the Merkur offshore wind farm in Germany and Horns Rev 3 offshore wind farm in Denmark.The contract for the Merkur…
10 March 2017
DOF Subsea Secures Mooring Contract in the Atlantic Region
DOF Subsea has been awarded a contract in the Atlantic region for the mooring installation of an FPSO on the UKCS (North Sea). DOF Subsea will deploy the Skandi Skansen along with a number of anchor handlers from its fleet to undertake the installation.
10 March 2017
Norway/UK: FairfieldNodal to Commence Z700 Surveys in North Sea
Beginning in early April 2017, FairfieldNodal will commence back-to-back surveys in the North Sea, continuing what is expected to be a busy acquisition season.To meet the challenging conditions of the North Sea, FairfieldNodal will be employing its Z700® seismic data acquisition system. Designed specifically for ecologically sensitive environments and shallow…
10 March 2017
Green Light for Floating Offshore Wind Farm
The Scottish government has given planning consent for one of the world's largest floating offshore wind farms.The 50MW eight-turbine Kincardine Offshore Windfarm will be constructed nine miles (15km) south east of Aberdeen.Ministers said that once operational, it would have the capacity to power the equivalent of almost 56,000 homes.About 110…
10 March 2017
Amec Foster Wheeler Win Shell Contract in Brunei
Amec Foster Wheeler announced today that it has been awarded a major contract by Brunei Shell Petroleum Sdn Bhd (BSP) for the rejuvenation of assets in Brunei.The work includes concept, Front End Engineering Design (FEED), detailed design, construction, completions and commissioning, marine management, fabrication management, procurement, and project management. The…
10 March 2017
FID for Fortuna Expected Mid 2017
“2016 saw Ophir adopt the simple maxim “find low, monetise smartly”. Our decision to re-orient the Group’s activities around net asset value per share has changed our corporate mindset. All activities are now focused on finding or developing hydrocarbons at the lowest cost and monetising promptly and swiftly; thereby maximising…
10 March 2017
Minor Gas Discovery East of the Alve Field in the Norwegian Sea – 6507/3-12 and 6507/3-12 A
Statoil Petroleum AS, operator of production licence 159 B, has completed the drilling of wildcat well 6507/3-12 and appraisal well 6507/3-12 A. The wells proved gas.The wells were drilled about six kilometres east of the Alve field in the northern part of the Norwegian Sea and about 200 kilometres west…
9 March 2017
ExxonMobil Seals $2.8bn Area 4 Eni Deal
ExxonMobil has finally confirmed its entrance to the Area 4 block off Mozambique after a $2.8 billion farm-in deal with Italy's Eni.The US supermajor has, as expected, taken a 25% stake in the gas-rich offshore block.The deal will see the Italian major - which has a 50% interest in Area…
9 March 2017
Marine-i Bags £6.8M from ERDF for Cornish Marine Innovation
Marine-i, a collaborative project set up to boost marine innovation in Cornwall and the Isles of Scilly, has secured up to £6.8 million through the European Regional Development Fund (ERDF).Forming a part of the recently established Marine Hub Cornwall, Marine-i is a £9.3 million collaborative project created to stimulate and…
9 March 2017
McDermott Signs Strategic Memorandum of Understanding to Construct Offshore Production Solutions in Saudi Arabia
Strategic long-term plan expands McDermott’s capabilities and capacity to service its growing Middle East and other regional marketsPhased approach includes building state-of-the-art, technologically advanced fabrication facilities with increased automation and a new marine baseSaudi Arabia’s talented workforce combined with McDermott’s world-class training programs will further enhance McDermott’s Middle East operationsMcDermott…
9 March 2017
PTTEP Farms-out an Interest in Myanmar MD-7 Project to Total
PTT Exploration and Production Public Company Limited (PTTEP) has entered into a partnership agreement with Total E&P Myanmar to divest 50% participating interest in the Myanmar MD-7 Project, while PTTEP remains the operator of the project. The company will collaborate with Total in the exploration and development activities in the…
9 March 2017
Purple Angel-1 Well Finds Gas in Colombian Caribbean Deep Waters
Ecopetrol S.A. reports that Purple Angel-1 well proved gas presence in Colombian Caribbean deep waters, at 4.7 kilometers of the discovery announced at Kronos-1 well in July 2015 .Purple Angel-1 well reached a total depth of 4,795 meters, including a 1,835 meter water table, and registered gas pay intervals totaling…
9 March 2017
Proserv Seals Significant Subsea Contract with Premier Oil
Proserv has been awarded a multi-million dollar contract with Premier Oil for work in Asia Pacific.Proserv will supply a subsea control system and associated equipment for the BIGP (Bison, Iguana & Gajah Puteri) development project, located in the Natuna Sea, Indonesia.The scope of supply is a three well subsea control…
8 March 2017
Chevron Starts Up Mafumeira Sul Offshore Angola
Chevron’s subsidiary, Cabinda Gulf Oil Company (CABGOC), has started oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola.“This milestone supports our priority of completing major projects and improving free cash flow,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation. “The Mafumeira Sul…
8 March 2017
N-Seatec Wins Subsea Cabling Order
N-Seatec Subsea Systems said it has received an order for a large batch of signal and power cabling to be used on a wind farm.According to the company, delivery consist of various special designed 4x 50mm2 umbilicals all to be fitted with the MSSQ connector which are capable to handle…
8 March 2017
Chevron Affirms Production, Margins, and Cash Flow Growth Plans
Chevron Corporation (NYSE: CVX) hosted its annual security analyst meeting in New York where executives highlighted the company's growing free cash flow from its advantaged portfolio.“We intend to be cash balanced in 2017, and to grow free cash flow in the years thereafter,” said John Watson, Chevron’s chairman and chief…
8 March 2017
V.Ships Offshore Awarded Ship Management Contract by Ultra Deep Solutions (UDS) Singapore for an Advanced Dive Support Vessel
V.Ships Offshore, part of V.Group, has been awarded the contract to provide full technical and crew management services for the high spec dive support vessel – Lichtenstein – owned by Ultra Deep Solutions (UDS) Singapore. The state of the art vessel, which can accommodate up to 130 personnel including 30…
8 March 2017
Consent to Use Songa Enabler at Snøhvit
Snøhvit is a gas field in the Barents Sea north-west of Hammerfest. Statoil is the field's operator. Snøhvit has been developed using a subsea production facility. The gas is transported onshore through a 143-kilometre-long pipeline to Melkøya, off Hammerfest. Production at Snøhvit began in 2007.On 15 July 2016, Statoil received…
8 March 2017
Eni Strengthens its Presence in the Cyprus Offshore
Eni announces that has finalized a farm-in agreement with Total to acquire 50% Participating Interest of Block 11 Offshore Cyprus.The agreement, by which Total remains the Operator of the Block, has been approved by the Council of Ministers of the Republic of Cyprus. With this transaction Eni further reinforces its…
8 March 2017
India Announces New Hydrocarbon Exploration Licensing Policy
India has announced a new hydrocarbon exploration licensing policy which offers single license to explore conventional and unconventional oil and gas resources, as the country seeks to propel investment in the energy sector. Christened “Hydrocarbon Exploration Licensing Policy” or HELP, the new policy also gives the investors the much needed…
8 March 2017
US$6m Farm-Out of Ireland Licence to Cairn Energy
Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce that it has signed a Farm-Out Agreement (`FOA') with a wholly owned subsidiary of leading operator Cairn Energy PLC Group (LSE: CNE) in relation to a 70% interest in and operatorship…
7 March 2017
Subsea 7 Awarded Subsea Work Off Australia
Subsea 7 S.A. said it has been awarded a “sizeable” contract by Cooper Energy Ltd for the Sole Development Project, offshore Australia.Subsea 7 defines a sizeable contract as being between $50 million and $150 million.The Sole gas field is located in the eastern part of the Gippsland Basin, approximately 40km…
7 March 2017
Business Outlook 2017: Fresh Investment Sought as Efficiency Improves
The UK offshore oil and gas industry is now in better shape to compete for much-needed investment and confidence is slowly returning to the UK Continental Shelf (UKCS) following an intensive two-year drive to improve efficiency, streamline costs and boost productivity.Domestic oil and gas production continues to rise and unit…
7 March 2017
Statoil Weighs Rigs for Vigdis Work
A pair of rigs are competing for work tendered by Statoil to plug and abandon a well at the Vigdis field off Norway, one of only a few jobs on offer amid a drilling market drought.The state-controlled operator has applied to the country’s Environmental Agency for discharge of old drilling…
7 March 2017
IKM Subsea Bags Solstad Offshore Deal in Thailand
IKM Subsea Singapore has secured a service contract from Solstad Offshore to provide ROV services onboard on the DLB ‘Norce Endeavour’ offshore Thailand.Solstad Offshore’s Norce Endeavour will be working in the Gulf of Thailand for various clients.IKM Subsea will provide the Merlin WR 200 work-class remotely operated vehicle (ROV) together…
7 March 2017
Cairn Flows Oil From SNE Probe
UK company Cairn Energy has successfully flowed oil from the latest appraisal well at the SNE field off the coast of Senegal.The operator revealed on Tuesday the SNE-5 well flowed at a maximum rate of about 4500 barrels of oil per day from an 18-metre interval on a 0.94-inch choke.The…
7 March 2017
Opportunities Available at SNS's Biggest Gas Discovery in 20 Years.
Gas industry supply chain companies across the East of England are invited to show interest in opportunities on the biggest new gas discovery in the southern North Sea (SNS) for almost 20 years.Confirmation of the £435 million first phase of the Tolmount project – with a 20-year lifespan – is…
7 March 2017
Global Oil Supply to Lag Demand After 2020 Unless New Investments Are Approved Soon
Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency.The global picture appears comfortable for the next three years but supply growth slows…
7 March 2017
Secretary Zinke Announces Proposed 73-Million Acre Oil and Natural Gas Lease Sale for Gulf of Mexico
U.S. Secretary of the Interior Ryan Zinke today announced that the Department will offer 73 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. The proposed region-wide lease sale scheduled for August 16, 2017 would include all available unleased areas in federal waters…
7 March 2017
ENGIE and EDPR Bidding in the Third Offshore Wind call for Tenders in Dunkirk, France
ENGIE and EDPR are confirming their ambitions in offshore wind to establish a wind farm offering capacity of 250 to 750 megawatts (MW), off the coast of Dunkirk, in France. Their joint pre-qualification bid will give them the opportunity to extend and strengthen a long-term relationship on this strategic market,…