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19 January 2017
Petrobras Invites 30 Foreign Companies to Bid for the Natural Gas Processing Unit (NGPU) at Comperj
The optimism and expectation surrounding the Natural Gas Processing Unit of the Rio de Janeiro Petrochemical Complex (Comperj), which would be the only work planned for the 2015-2019 Investment Plan, seems to be revived after the uncertainties of last year . And there is a strong reason for this: Petrobras…
19 January 2017
Rystad Energy: Global Oil, Gas Discoveries Drop To 70-Year Low
Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil prices.The decline in discoveries means companies such as ExxonMobil and Royal Dutch Shell will struggle to offset the natural depletion…
19 January 2017
Contract Award Brings MDL Tensioner to APAC
MDL has dispatched the new 4-track pipelay tensioner to Asia Pacific, after securing the first job for the system with a global offshore contractor.The portable 110-tonne unit – unveiled recently during a client Open Day at the company’s testing facility in Peterhead, Scotland – will be used for an umbilical…
19 January 2017
Global Marine Systems Awarded Five-Year Contract Extension for the Atlantic Cable Maintenance Agreement
Global Marine Systems Limited, the world leader in subsea cable system design, installation and maintenance, announced today that it has been awarded the renewal of the Atlantic Cable Maintenance Agreement (ACMA), alongside its Atlantic partner for maintenance services, Orange Marine. The new contract began on January 1, 2017, and runs…
19 January 2017
Guyana Government Creating a Petroleum Directorate
The Ministry of Natural Resources is working to have a Petroleum Directorate established and functioning within the first quarter of 2107.Minister of Natural Resources, Raphael Trotman, told the Government Information Agency (GINA,) that the Directorate follows international models which separate policy development from regulation monitoring.“Those are very important because we…
19 January 2017
P1916 Offshore Isle of Wight Licence Extension, Wessex-Weald Basin, UK
UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that UKOG Solent Limited, a 100%-owned subsidiary, has been advised that the Oil and Gas Authority has granted a one-year extension to the Initial Term of the Company's offshore P1916 licence to 31st January 2018. The Company holds a 100%…
19 January 2017
P1916 Offshore Isle of Wight Licence Extension, Wessex-Weald Basin, UK
UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that UKOG Solent Limited, a 100%-owned subsidiary, has been advised that the Oil and Gas Authority has granted a one-year extension to the Initial Term of the Company's offshore P1916 licence to 31st January 2018. The Company holds a 100%…
19 January 2017
MISC Berhad Hosts Commencement Ceremony for FSO Benchamas 2 Project
MISC Berhad (“MISC”) today celebrated the commencement of FSO Benchamas 2 conversion, in a ceremony at MMHE West Yard, Pasir Gudang. In attendance were the vessel charterer, conversion contractors and the vessel operator which included the guest-of-honour, the President of Chevron Offshore (Thailand) Limited (“COTL”), Mr. Pairoj Kaweeyanun as well…
19 January 2017
Azinor Catalyst Moves Forward with Planned 2017 well on its Partridge Prospect, UK North Sea
Azinor Catalyst (“Catalyst”), the Seacrest Capital Group-backed E&P company focused on the United Kingdom Continental Shelf (“UKCS”), is pleased to announce that it has initiated a tendering process to carry out a site survey on one of its UK North Sea licences in preparation for drilling later in 2017. The…
19 January 2017
Lundin Petroleum Announces its 2017 Budget and UIdated Reserves and contingent resources
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce its 2017 development, appraisal and exploration budget which totals USD 1.3 billion. Lundin Petroleum is also pleased to announce that as at 31 December 2016 its proved plus probable working interest reserves (reserves) are 743.5 million barrels of oil equivalents (MMboe)…
18 January 2017
Subsea Innovation Delivers Two HPUs to Saipem
Subsea Innovation has completed the design, manufacture and testing of two Hydraulic Power Units (HPU) for Saipem America.The HPUs will be installed on board the Saipem Castorone pipe laying vessel.Saipem Castorone is designed for installation of large-diameter pipelines in deep and ultra-deep waters as well as extreme environments.The HPUs were…
18 January 2017
National Grid, Energinet.dk Invite Tenders for Viking Link
National Grid Viking Link (NGVL) and Energinet.dk (ENDK) have invited tenders for the supply of several services for the Viking Link interconnector between UK and Denmark.The scope of work under the contract includes detailed design, engineering, procurement, manufacture, installation, construction, testing, commissioning, spares provision, operational handover and maintenance of an…
18 January 2017
Nexans to Supply Cables for East Anglia ONE OWF
ScottishPower Renewables has chosen Nexans to supply submarine cables for the 714 MW East Anglia ONE offshore wind farm.Nexans will supply and install two 85 km 3-core submarine cables with embedded fibre optics, as well as accompanying accessories, for the wind farm in the North Sea.The contract is worth more…
18 January 2017
Six Mega-trends That Could Shape the Future of Energy
Ten years ago the energy industry was focused on ‘peak oil’, while the shale gas revolution in the US had yet to start. As 2017 begins, what are the mega-trends that will shape the upcoming decades? Here, BP’s head of long-term planning Dominic Emery identifies what lies ahead, from the…
18 January 2017
Delivery of the "Island Venture"
'Island Venture', delivered on 17 January 2017, is so far the largest Offshore Construction Vessel (OCV) from Ulstein Verft, with a length of 160 metres and a beam of 30. The ship is designed by Ulstein Design & Solutions AS for Island Ventures 5 LLC.Reports from the vessel's construction and…
18 January 2017
Höegh LNG : New FSRU Contract with HHI and Contract Allocation Update
Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") is pleased to announce that it has signed a new Shipbuilding Contract (SBC) with Hyundai Heavy Industries Co., Ltd. (HHI) for a new Floating Storage and Regasification Unit (FSRU) for delivery in Q4 2018 (FSRU #9). The FSRU will have a…
18 January 2017
ScottishPower Renewables Agrees Contract with Van Oord to Install Steel Jackets on East Anglia One
ScottishPower Renewables has contracted marine engineering specialist Van Oord to transport and install the foundation jackets on the East Anglia ONE offshore windfarm.Van Oord, as contractor, will use Seajack’s state-of-the-art Scylla as the main installation vessel for the works, the world’s largest and most advanced working in offshore wind. The…
18 January 2017
EnerMech Acquires Electrical & Instrumentation Specialist
Deal Opens Up New Markets In Infrastructure, Power and DefenceEngineering services specialist EnerMech has made its first entry in to the electrical and instrumentation (E&I) sector with the acquisition of EPS Group in Australia and the Americas.EPS Group employs 250 staff in Sydney, Melbourne, Brisbane, Darwin, Houston and Louisiana, and…
18 January 2017
Outsourcing of Technical Management
Forland Shipping AS, the management company in the Forland Group ("Forland"), signed agreements 12 January 2017 with OSM Offshore AS ("OSM") in Arendal, to outsource the technical management for Forland's OCVs "Fugro Saltire" and "Lewek Inspector".The technical management of the vessels will in practice be taken over by OSM during…
18 January 2017
Drilling Permit for Wellbore 6507/3-12 in Production Licence 159 B
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6507/3-12, cf. Section 8 of the Resource Management Regulations.Wellbore 6507/3-12 will be drilled from the Deepsea Bergen drilling facility at position 65° 58' 3.93" north and 7° 56' 1.64" east.The drilling program for wellbore 6507/3-12 relates…
18 January 2017
Statoil Awarding Service Contracts for Two Cat J Rigs
Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks.Initially awarded for four years the contracts include options for two 2-year extensions. The contracts include the following:Cementing…
18 January 2017
Ownership Interests Offered in APA 2016
17 January, offers for 56 new production licences on the Norwegian continental shelf will be sent to 29 companies.The offers are made following the authorities' assessment of applications from 33 companies in the Awards in Predefined Areas (APA) 2016.Of the 56 production licences, 36 are in the North Sea, 17…
17 January 2017
NADL - North Atlantic Drilling Ltd. Announces Contract Award for West Phoenix
North Atlantic Drilling Ltd ("the Company") has been awarded a one well contract for the semi-submersible West Phoenix for work in the United Kingdom West of Shetland.The contract is in direct continuation with the West Phoenix' existing contract and the total backlog is estimated to be $17 million.This information is…
17 January 2017
Production Figures December 2016 - Norway
Preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL and condensate, which is a decrease of 60 000 barrels per day (approx. 3 percent) compared to November.Total gas sales were 10.9 billion Sm3 (GSm3) which is an increase of 0.2…
17 January 2017
Statoil Introduces Partner in Hywind Scotland
Statoil has agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Masdar.The wind farm offshore Peterhead in Aberdeenshire, Scotland will power approximately 20,000 households when in production from late 2017."The Hywind Scotland pilot park has the potential to open attractive…
17 January 2017
New Contract Skandi Vitoria
Petrobras has awarded the Brazilian built PLSV, Skandi Vitoria, a contract of 532 days. The contract will commence in January. The vessel is owned through a joint venture together with Technip. Skandi Vitória is the first pipe-lay vessel built in Brazil, equipped with vertical and horizontal pipe-lay systems, a 250…
17 January 2017
Subsea 7 Announces Offer for Seaway Heavy Lifting
Subsea 7 S.A.today announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited. The terms of the offer are binding on Subsea 7 until 1 July 2017. During this…
17 January 2017
Erut-1 Oil Discovery in Kenya
Tullow Oil plc (Tullow) is pleased to announce that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres. The overall oil column for the field is considered to be…
17 January 2017
New Statoil Discovery Near Norne
One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million barrels.“It’s great kicking off the new year with a discovery,” says Jez Averty, senior vice president for exploration in Norway and the UK.The drilling of the…
17 January 2017
Utgard and Byrding Approved by the Authorities
The plan for development and operation for the Utgard and Byrding fields in the North Sea has been approved by the authorities. Utgard is a gas and condensate field on Norwegian and UK continental shelf while Byrding is an oil and gas field north of the Troll field.“I’m pleased that…
16 January 2017
Saudis Eye Huge Renewables Project Start
Saudi Arabia will launch in coming weeks a renewable energy programme that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday.Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few…
16 January 2017
Subsea 7 Sees Early PLSV Termination in Brazil
Subsea 7 has received an early termination of the day-rate contract for its pipelay support vessel (PLSV) Seven Mar from Petrobras.The termination is effective January 16, 2017, the company informed.The Seven Mar was working for Petrobras, offshore Brazil.The contract was due to expire in 2018 and as a result the…
16 January 2017
GE Oil & Gas Gets $400 Mln UKEF Injection for Its Ghana Project
UK Export Finance (UKEF) has announced that it will provide $400 million in support for a GE Oil & Gas contract with Ghana’s Offshore Cape Three Points Project (OCTP).GE Oil & Gas, which is headquartered in the UK, is providing subsea production systems to the project, which will develop oil…
16 January 2017
DONG Energy Receives Amended Building Consent for Borkum Riffgrund 2
DONG Energy has received approval of an amended building consent related to the Borkum Riffgrund 2 Offshore Wind Farm. The original consent was granted in December 2011. The amended consent was necessary in order to deploy 8MW turbines in the offshore wind farm. The approval has been granted by the…
16 January 2017
McDermott to exercise its option to purchase PLV North Ocean 105
Oceanteam ASA ("Oceanteam" or "Company") announces that joint-venture partner McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017. Under McDermott’s main credit facility agreement, it has announced that it is required to do so. As…
16 January 2017
Halifax 205/23-A - Well Spud
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces the spudding of well 205/23-A (the "Halifax Well") on 15 January 2017.The recently drilled Lancaster Pilot well (205/21a-7) encountered a minimum oil down to (ODT) of 1,620m TVDSS, indicating that…
16 January 2017
INPEX and ADNOC Agree in Principle on Extension of Joint Development of Satah and Umm Al Dalkh Oil Fields Offshore Abu Dhabi, United Arab Emirates
INPEX Corpoation announced today that it has agreed in principle with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.INPEX is engaged in the development and production…
16 January 2017
Aker BP Experiences Strong Growth.
Aker BP ASA (“AKER BP”) increases reserves and maintains very good results in exploration, drilling and wells, projects and production. The company has a strong cash flow outlook and its robust balance sheet means freedom to manoeuvre. “We are positioned for further growth,” says Aker BP CEO Karl Johnny Hersvik.In…
16 January 2017
Skipper Update
The Company has received further results from the analysis of the oil samples retrieved from the Skipper appraisal well drilled in July/August last year. The oil has a high density of approximately 11 °API, a high viscosity and a high Total Acid Number. However, the Skipper oil is mobile in…
13 January 2017
Penglai 19-9 Comprehensive Adjustment Project Commences Production
The Penglai 19-9 oilfield is located in Bohai which has an average water depth of approximately 30 meters. In addition to fully utilizing the existing facilities of Penglai 19-3 oilfield, this adjustment project has also built one wellhead platform. There are 57 planned producing wells in total with two wells…
13 January 2017
ExxonMobil Announces New Oil Discoveries Offshore Guyana
ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery.“This important discovery further establishes the area…
13 January 2017
Hess Announces 2017 E&P Capital and Exploratory Budget
2017 E&P Capital and Exploratory BudgetThe company’s 2017 E&P capital and exploratory budget will be $2.25 billion, compared to its 2016 actual spend of $1.9 billion. This includes increased capital for additional rigs in the Bakken, development activities at the world-class Liza Field in Guyana and restart of drilling at…
13 January 2017
The Shelf in 2016: Prepared for the Future
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come.Oil production increased for the third consecutive year in 2016, and gas production was at…
13 January 2017
Halliburton Enters Technology Agreement with Petrobras
Halliburton today announced a technology cooperation agreement with Petrobras that will advance collaboration in a diverse set of projects targeting complex reservoirs such as deepwater pre-salt and mature fields.The multi-year agreement will facilitate the development of innovative solutions in geophysics, drilling and completions, reservoir characterization, well testing, flow assurance and…
13 January 2017
Contract for Provision of Light Construction Vessel Services to McDermott International, Inc. for work Offshore Western Australia.
Solstad Offshore (SOFF) has been awarded a Subcontract with McDermott for the Provision of Light Construction Vessel Services associated with ICHTHYS Gas Field Development Project, located offshore Western Australia for the CSV "Normand Reach".CSV "Normand Reach" will assist McDermott main construction vessel in FPSO Hook Up, subsea activities, pre-commissioning and…
13 January 2017
Fugro Awarded Major Five Year Contract for Subsea Inspection, Repair and Maintenance Services with INPEX in Australia
Fugro has been awarded a contract from INPEX Operations Australia Pty Ltd (INPEX) for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 kilometres from the coast of Western Australia. INPEX is Japan’s largest oil and gas exploration and production company.The five year…
12 January 2017
Sonardyne to Provide Acoustics for McDermott International Inc., Pipelay Vessel
Sonardyne Inc., Houston, today announced it has supplied acoustically-aided inertial navigation technology to offshore engineering, procurement, construction and installation company, McDermott International, Inc., for its Lay Vessel 108 (LV 108).The Ranger 2 Pro DP-INS system, the highest specification available from Sonardyne, is being used to support touchdown monitoring surveys of…
12 January 2017
ACE Winches Secures Spooling Contract with Oceaneering
Leading global deck machinery specialist, ACE Winches, has secured a spooling contract with Oceaneering for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) project.The contract will be the first time ACE Winches’ newly developed 500te reel drive system is used. The tool is an upgrade of its existing 400te system that…
12 January 2017
Greece's Energean Expects to Spend up to $1.5 bln on Israeli Offshore Gas Project
Greek company Energean Oil & Gas plans to build its own production system in the eastern Mediterranean at a cost of up to $1.5 billion to tap two Israeli offshore gas fields, the group's chief executive said on Wednesday.Greece's only oil producer is also looking to bring a financial partner…
12 January 2017
Total’s Offshore Cyprus Block 11 Could Rival Egypt’s Zohr Natural Gas Discovery; Increasing Investment and Competition in Region
Driven by the success of Eni’s major Zohr Field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. Total’s announcement that it will drill a 2017…