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12 January 2017
Boné (Dazzler) Exploration Well Commences and Brasse Appraisal Well Added to 2017 Drilling Programme
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commencement of the Boné exploration well 7318/12-1 (Faroe 20%) and the decision to drill an appraisal well on the Brasse discovery in the 2017…
12 January 2017
Premier Oil Operations Update
A final investment decision on the development of the Bison, Iguana and Gajah Puteri gas fields, which will support Premier's existing long term contracts into Singapore, is expected later this quarter. Elsewhere in Indonesia, significant progress has been made towards securing a three-year extension to Premier's Tuna exploration licence and…
12 January 2017
Greater Stella Area Operations Update
The Company's 2017 operational programme is dominated by start-up of the Stella field and the commencement of Harrier field development activities.Stella Start-up SchedulePreparation for start-up of the Stella field is well advanced, with only completion of the previously announced fault remediation works on the FPF-1 electrical junction boxes outstanding prior…
11 January 2017
Decommissioning: The UK's US$66 Billion Headache
This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to…
11 January 2017
Demand for Norwegian Gas
A new record for gas exports from Norway was set in 2016, when 108.56 billion standard cubic metres (scm) were delivered within Gassco’s operatorship to Germany, Belgium, France and the UK.By comparison, 108.44 billion scm of gas were exported from the Norwegian continental shelf in 2015 to European buyers via…
11 January 2017
Nord Stream Utilisation Averages 80% in 2016 – 43.8 bcm Transported to the European Union
In 2016, the Nord Stream Pipeline operated at 80 per cent of its annual capacity of 55 billion cubic metres (bcm). 43.8 bcm of natural gas were delivered to consumers in the European Union. This is yet another increase compared to the previous years: 39.1 bcm in 2015 (71 per…
11 January 2017
Victorian Gas Assets Completion
henCooper Energy (ASX:COE) reports the acquisition of the Victorian gas assets of Santos Limited (Santos) announced to the ASX on 24 October 2016 was completed today for all except the 10% interest in the Minerva asset. Cooper Energy has paid initial consideration of $61 million plus working capital adjustments to…
11 January 2017
Searcher Commences 3D Seismic Reprocessing in PNG
Searcher Seismic is pleased to announce it has commenced a significant 3D reprocessing project, offshore Papua New Guinea.The project comprises reprocessing existing open-file 3D datasets with a modern broadband de-ghosting and pre-stack depth migration sequence.“As we’ve seen with our 2D seismic projects, reprocessing of legacy data in the highly prospective…
11 January 2017
Pacific Radiance Re-establishes Presence in the Middle East with Multiyear Contracts Worth up to US$68m
Pacific Radiance Ltd. (Pacific Radiance or the Group), a provider of integrated offshore marine support services, has re-established its presence in the Middle East with its recently inked multiyear contracts worth up to US$68 million, including options.Under the multiyear contracts with independent and national oil companies, five of the Group's…
11 January 2017
IKM Testing UK signs a 3 year contract with Teekay
IKM Testing in Aberdeen has been awarded a 3 year contract by Teekay for multiple North Sea assets.Efficiencies will be delivered through the multi-service provision of Nitrogen pumping, Nitrogen / Helium leak detection, flange management, hydraulic bolting / tensioning and hot oil flushing. "This award strengthens the relationship IKM has…
11 January 2017
TEN Project Operational Update
Following first oil from TEN in August 2016, the oil production, gas compression/injection and water injection systems were commissioned and are now operational. In early January 2017, the capacity of the FPSO was successfully tested at an average rate of over 80,000 bopd during a 24 hour flow test.Gross annualised…
11 January 2017
Proserv and SapuraKencana Join Forces in Asia Pacific
Proserv and SapuraKencana Petroleum Berhad’s wholly-owned subsidiary, SapuraKencana Technology Sdn Bhd (SK Technology) are joining forces to provide enhanced technology services to clients in Asia Pacific.Both companies will be leveraging on their respective regionally-based assets, expertise, technology and infrastructure to offer clients a variety of innovative solutions.They will jointly provide…
11 January 2017
SMD Completes 6000m Testing on Curvetech Components for Deepwater ROV
Following the award of an order from Shanghai Salvage for a 6000m Quasar Work Class ROV, SMD engineers have successfully completed work on the associated Curvetech subsea components to assure maximum working depth up to 6000m. SMD has a dedicated team of engineers who specialise in the design and testing…
11 January 2017
Jubilee Operational Update
Full year 2016 gross production from the Jubilee field averaged 73,700 bopd (net: 26,200 bopd). Tullow has also received reimbursements for turret remediation costs and Jubilee production field losses in 2016 of approximately $8 million (net) under the Hull and Machinery insurance policy and approximately $72 million under Tullow’s corporate…
10 January 2017
ExxonMobil Seeks to 'Extend' Sigyn Life
ExxonMobil is reportedly looking to prolong the lifetime of its producing Sigyn field off Norway by another five years under an application filed with the authorities.The field in the Sleipner area of the North Sea was due to be shut down by the end of 2017, having been brought on…
10 January 2017
Harris Pye Begins Work on Kishorn Port Dry Dock Gates
Harris Pye, the global engineering group, begin work on refurbishing the historic dock gates at Kishorn Port, last opened nearly 25 years ago. This will be the first step in making them, and the Kishorn dry-dock, operational once more. The contract value is £340,000 and the work will be undertaken…
10 January 2017
Serica Hoisting Sails for Columbus
Serica Energy is looking to firm up a development plan this year for its Columbus gas and condensate discovery in the UK North Sea as field operating costs have been nearly halved in the region.The London-listed independent intends to develop the find as a single-well subsea tieback to the Shell-operated…
10 January 2017
First Rigs to Arrive For Decommissioning in Great Yarmouth
The Veolia-Peterson partnership has been awarded two platform decommissioning contracts for recycling at their facility in Great Yarmouth. With an aim of reaching 96% recycling rates the work to recycle materials and assets is expected to begin in spring 2017 when the platforms arrive onshore.The contracts include the onshore receipt…
10 January 2017
North Sea Contract Extension Secures 150 Jobs
Bilfinger Salamis UK has secured a significant contract extension, securing employment for over 150 personnel.The contract extension is for a period of three years, with the option to extend for a further two years.Bilfinger Salamis UK provide a range of lifecycle services to the client, including onshore project management, fabric…
10 January 2017
Norway's New Oil Minister Expects More Investment Decisions This Year
Norway's oil minister believes energy firms will sanction more projects this year compared to 2016, when five field development plans were presented to authorities for approval, he told Reuters on Monday."I don't have an exact number (for the number of development plans), but we must exceed what we had in…
9 January 2017
Award of €20.3m H2020 Grant from European Commission
Atlantis, a global leader in the tidal power sector, is pleased to announce the award of €20.3m in Horizon 2020 grant funding from the European Commission for the DEMOTIDE project, which will design, build and operate a 6MW turbine array, MeyGen Phase 1B, in the Inner Sound of the Pentland…
9 January 2017
Plexus Nets Centrica Contract
Plexus has signed a four year framework agreement with Centrica to supply surface wellhead and mudline equipment services for jack up exploration wells in the Norwegian sector of the North Sea. Under the terms of the four year agreement, Centrica can request up to three further one year extensions following…
9 January 2017
Seatronics Announce New Partnership Agreement with Force Technology
Seatronics, an Acteon company and global leaders in the rental and sale of marine electronic equipment, has formed a new partnership agreement with Force Technology, an international technological consultancy company. The new agreement will provide Seatronics’ global customer base with access to Force Technology’s Field Gradient Sensor (FiGS) system. FiGS…
9 January 2017
Canada Rules Out Arctic Oil Drilling Extensions for ExxonMobil, BP
The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil Corp., BP plc and other oil firms as it prepares for consultations over the impact of an Arctic drilling moratorium.The companies hold leases that expire over the next six years, totaling C$1.9 billion ($1.4 billion) in…
9 January 2017
Optime to Deliver Hyperbaric Testing System to Nautilus
The 19,000-psi hyperbaric pressure vessel will be manufactured by Optime Subsea in Notodden, Norway, located in the Norwegian subsea oil and gas cluster known as “Subsea Valley”.The hyperbaric testing chamber will have a diameter of 700 mm and a height of 1400 mm. It will be delivered and installed at…
9 January 2017
Dril-Quip Acquires The Technologies Alliance, Inc. d/b/a OilPatch Technologies
Dril-Quip, Inc. announced today that it has acquired The Technologies Alliance, Inc. d/b/a OilPatch Technologies (OPT) for approximately $20 million funded with cash on hand, subject to closing adjustments. Founded in 1990 and based in Houston, Texas, OPT is a provider of offshore riser systems and components, proprietary threaded connections…
9 January 2017
Petrofac Awarded Oman Gas Project
Petrofac has signed a contract worth close to US$600 million with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman Oil Facilities Development Company LLC (OOFDC), to undertake the engineering, procurement and construction (EPC) of its Salalah LPG extraction project in the southern part of Oman. Under the terms…
9 January 2017
SapuraKencana Petroleum Berhad Awarded Contracts Worth $300m
Engineering and ConstructionAward of Provision of Underwater Services by PETRONAS Carigali Sdn. Bhd.SapuraKencana Subsea Services Sdn. Bhd. (formerly known as SapuraKencana Allied Marine Sdn. Bhd.) (“SKSS”) has been awarded a contract for the provision of underwater services for PETRONAS Carigali Sdn. Bhd. (“PCSB”).The scope of work consists of underwater services…
9 January 2017
New Guidelines for the Use of Drones Offshore
A new publication to help guide the growing use offshore of unmanned aerial systems (UAS) – also known as drones – has been published by Oil & Gas UK.The Unmanned Aircraft Systems (UAS) Operations Management Standards and Guidelines were developed by a work group set up by the trade body,…
6 January 2017
Vaalco Energy Announces The Successful Workover of Avouma 2-H Well That is Now Producing 2,700 Barrels of Oil Per Day Gross
VAALCO Energy, Inc. announced today that the Avouma 2-H well on the Avouma Platform offshore Gabon is back on production after utilizing a hydraulic workover unit to replace a failed Electric Submersible Pump (ESP) system. The well is currently producing at a stabilized rate of 2,700 barrels of oil per…
6 January 2017
Bladt Builds for World’s Biggest Wind Farm
Bladt Industries has signed a contract with DONG Energy for the construction of 96 transition pieces that will be used in the world’s largest wind farm, the Hornsea Project One.Of the 96 transition pieces, 56 will be manufactured at the facilities of Offshore Structures Britain (OSB) in Teesside, UK, safeguarding…
6 January 2017
Chevron to Launch Fresh Rosebank FPSO Tender
US supermajor Chevron is set to launch a fresh bid process this year for a floating production, storage and offloading vessel destined for its challenging Rosebank project on the UK Atlantic Margin.Last month, the California-based player unexpectedly cancelled a $2 billion contract it had awarded to Hyundai Heavy Industries in…
6 January 2017
Service contract for the Johan Sverdrup Drilling Platform
IKM Testing Thailand Co. Ltd has been awarded the service contract by Aibel for the Johan Sverdrup Drilling Platform.The platform deck for the drilling platform will comprise three modules. Aibel is to build the largest module, the main support frame (MSF), at the company's yard in Thailand. Work on combining…
6 January 2017
Contract for Two CSV's with DONG Energy Power A/S
Solstad Offshore ASA (SOFF) has entered into a contract with Dong Energy Wind Power A/S for hire of the CSV "Rem Installer" for a period of 23 months firm with further 6 months option and an additional CSV from the SOFF fleet, to be nominated at a later stage, for…
6 January 2017
Nexen Files Decom Plan for Ettrick, Blackbird Fields
Oil company Nexen has submitted a decommissioning plan for two of its oilfields in the UK North Sea.Nexen, based in Canada, delivered a decommissioning program for its Ettrick and Blackbird fields located in blocks 20/2a and 20/3a of the UKCS in the Outer Moray Firth, in approximately 115 meters water…
5 January 2017
New Lebanese Government OKs Oil Decrees to Start Stalled Tender Process
Lebanon's new government on Wednesday passed two decrees concerning oil and gas exploration blocks, meaning a tender process for offshore reserves, stalled since 2013, can begin.Beirut estimates it has 96 trillion cubic feet of natural gas reserves and 865 million barrels of oil offshore, but squabbling between parties has prevented…
5 January 2017
Schlumberger Acquires Peak Well Systems
Peak’s advanced flow control products and well intervention solutions expand Production Services portfolioSchlumberger today announced the acquisition of Peak Well Systems (Peak), a leading specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity.The addition of Peak’s mechanical and remedial solutions for…
5 January 2017
Samsung Clinches $1.3B Mad Dog II Platform Order
South Korea’s Samsung Heavy Industries has secured a 1.5 trillion Korean Won contract to build a semi-submersible production unit. Converted in U.S. dollars, the award amounts to almost $1.3 billion.While Samsung did not reveal the name of the client in its announcement on Thursday, local media have reported that the…
5 January 2017
Contract Extension with Saudi Aramco for WorleyParsons
WorleyParsons is pleased to announce the renewal of the General Engineering Services Plus (GES+) contract with Saudi Aramco for an additional five (5) years with further potential for up to three additional one year increments.ASX releaseWorleyParsons’ scope includes the provision of Project Management, and Preliminary and Detailed Design Engineering Services…
5 January 2017
Cobalt International Energy, Inc. Announces Preliminary Appraisal Well Results at North Platte
Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced it has completed drilling operations on the North Platte #4 appraisal well. The preliminary results are encouraging and indicate that the well encountered approximately 650 feet of net oil pay, which is greater than the approximately 550 feet of net pay found…
5 January 2017
Statoil to Increase Exploration Drilling in 2017
Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).“Taking advantage of our own improvements and changed market conditions, we have been able to get more wells,…
5 January 2017
1 billion barrels produced at Valhall
Valhall and Hod have passed one billion barrels of oil equivalents (oil, gas and NGL) produced – thus more than three times what was expected at the opening of the field in 1982.Hod, which produces via Valhall, has delivered over 75 million barrels of oil equivalents and this is more…
4 January 2017
Iran Names 29 Foreign E&P Firms for Upstream Oil Tenders
The National Iranian Oil Company (NIOC) has released the list of 29 qualified foreign oil and gas exploration and production (E&P) companies for attending tenders aimed at developing upstream projects in Iran's oil sector, in big step to opening up Iran's oil and gasfields to western investment..NIOC is planning to…
4 January 2017
Maersk Drilling Secures New Contract for Semi-sub Mærsk Developer
Maersk Drilling has been awarded a one well contract with Repsol Colombia for the deepwater semi-submersible, Mærsk Developer. The contract covers the drilling of the Siluro-1 Exploration Prospect well, estimated to have a duration of 42 days. The estimated contract value is USD 12 million, including mobilization and demobilization.“The offshore…
4 January 2017
Statoil Completes Acquisition of Byrding Interest
On 30 December 2016 Statoil and Wintershall Norge (“Wintershall”) completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS).As a result, Statoil’s operated interest in Byrding (PL090B) has increased from 45% to 70%.Byrding is an oil and gas…
4 January 2017
SOCAR and BP-operated AIOC Sign Principles of Agreement on Future Development of the ACG Oil Field in Azerbaijan to 2050
SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) today signed a letter of intent (LoI) for the future development of the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea. The agreement will cover the development of the field…
4 January 2017
Mermaid Extends Charter-in of DP2 MPSV "Resolution" for One Year
Vessel to continue supporting Mermaid’s Indonesian unit and comes on the back of secured work and anticipated continual demand in the South East Asian region for essential subsea servicesMermaid Maritime Public Company Limited (“Mermaid” or "Company") wishes to announce that its Indonesian business unit PT Seascape Surveys Indonesia (“Seascape”) has…
4 January 2017
ONGC to Buy 80% Stake of GSPC with Operatorship Rights in Block KG-OSN-2001/3
Oil and Natural Gas Corporation Ltd. (ONGC) and Gujarat State Petroleum Corporation Ltd. (GSPC) have been engaged in discussions on a potential transaction for purchase by ONGC of GSPC’s stake and operatorship in NELP-III Block KG-OSN-2001/3 (“Block”) in Krishna Godavari (KG) Basin offshore.ONGC Board today considered the proposal and approved…
4 January 2017
Engineering the Future of the Tyra Field Starts January 2017
Maersk Oil has today issued a notification to the Danish gas market. This notification announces that an economically viable solution for full recovery of the remaining resources in the Tyra field has not yet been identified, and that production from the Tyra field is consequently expected to cease 1 October…
4 January 2017
Production Started at the Ivar Aasen Field
The first oil is produced by Ivar Aasen field in the North Sea. The start-up is according to the plan, and the development is completed within budget. Aker BP is the operator, and the production started 24 December 2016.First oil from the Ivar Aasen field comes four years after the…