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16 December 2016
Southern North Sea Resources Increase and Licence Extensions
Independent Oil and Gas plc (“IOG” or the “Company”), the development and production focused Oil and Gas Company, is pleased to announce a significant increase in its internal resource estimates for Elgood and Harvey based on work undertaken by a third party contractor. The Company is also pleased to announce…
16 December 2016
IFC and MIGA Support Sankofa Gas Project to Help Ghana Shift Power Generation to Natural Gas
IFC and MIGA, members of the World Bank Group, today announced the commitment of $517 million in debt and guarantees to support Ghana’s Sankofa Gas Project, an integrated offshore oil and natural gas project that will provide a source of reliable, affordable energy in the West African country. The project…
16 December 2016
Investment Decision for Project Stroma - Meygen Phase B
Atlantis is pleased to announce that Stroma Tidal Power Limited (“STPL”), the Company’s wholly owned project company behind the next phase of the development at the MeyGen site, has confirmed its investment decision to proceed with the development, which is known as Project Stroma (MeyGen Phase 1B). STPL carried out…
16 December 2016
Saipem 7000 New Award In The North Sea
Saipem Limited, a subsidiary of Saipem SpA, has been awarded a new contract in the North Sea utilising the Saipem 7000, reinforcing Saipem’s presence in this highly strategic area where the Company has a long operating history.Located in the UK sector of the North Sea, the Project is an EPRD…
15 December 2016
Van Oord to Construct Norther OWF
Van Oord has signed a contract with Norther for the Balance of Plant works for the Norther offshore wind farm, located 23 km off the Zeebrugge coast in Belgium.With a maximal capacity of 370 MW, Norther is set to become Belgium’s largest offshore wind project. After completion it will deliver…
15 December 2016
Out of Africa: How Five-field Greater Plutonio has Pumped a Production Milestone Offshore Angola
During a decade of operations, the floating production storage and offloading (FPSO) vessel Greater Plutonio has made a significant contribution to Angola’s oil production. As the BP Angola team marks a production milestone of 500 million barrels, find out more about the giant facility.It’s been 10 years since the massive…
15 December 2016
Statoil 'Passes' Castberg Milestone
Statoil and its partners have reportedly made a preliminary decision to implement the Johan Castberg field development project in the Barents Sea off Norway, paving the way for a final investment decision in 2017.The so-called DG2 decision is set to trigger a front-end engineering and design contract award shortly with…
15 December 2016
Gazprom and OMV Sign Binding Basic Agreement on Asset Swap
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the OMV Executive Board, today signed in Vienna the Basic Agreement regarding the asset swap. The signing ceremony took place in the presence of Hans Jörg Schelling, Minister of Finance of the Republic of Austria, and Anatoly…
15 December 2016
New Seismic Services Contract with ConocoPhillips
WGP Group (“WGP”), has entered into a contract to provide long term seismic acquisition services to ConocoPhillips Skandinavia AS (“CoP”). WGP will acquire seismic data sets on the Ekofisk field in the Norwegian sector of the North Sea. The seismic acquisition contract has an initial five year term.
15 December 2016
Seatronics Secures Partnership Agreement with Bibby Offshore
Seatronics Ltd, specialists in the rental and sale of marine electronic equipment, has secured a contract with Bibby Offshore to be their preferred supplier of subsea rental equipment.The agreement is structured on the provision of marine electronic equipment to Bibby Offshore including ROV, NDT and survey equipment from Seatronics’ rental…
15 December 2016
Petrofac Secures US$75 Million Contract with South Oil Company
Petrofac has secured a contract worth US$75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). The one-year contract, with a one-year option, was awarded following a competitive tender and Petrofac, as the incumbent, plans to build on its four-year track record of safe…
15 December 2016
Technip Awarded Multi-disciplinary Engineering and Project Management Services Contract
Technip has been awarded an engineering and project management services contract by Shell Australia. This contract will provide multi-disciplinary engineering and design services in support of the Prelude FLNG project, and will allow the smooth delivery of brownfield engineering scope as the project moves into operations.Under the contract, Technip will…
15 December 2016
Subsea 7 Awarded Contract In The Norwegian North Sea
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract by Centrica for the Oda field in the Norwegian North Sea. The Oda oil field (previously called Butch) was discovered in 2011 in the southern part of the Norwegian North Sea, approximately 14 kilometres…
15 December 2016
Engie E&P UK Announces First Gas From Cygnus Southern North Sea Field Securing 5% of UK Gas Production
ENGIE E&P UK Limited is pleased to announce that first gas from the Cygnus development has been exported to the Bacton gas terminal in North Norfolk.Cygnus, located in licence areas P1055 & P1731, 150 kilometres off the coast of Lincolnshire, is expected to contribute 5% of UK gas production –…
14 December 2016
Chevron Terminates Rosebank FPSO Order
US oil major Chevron has canceled floating production, storage and offloading (FPSO) vessel order for the Rosebank oil and gas project.Hyundai Heavy Industries (HHI), who in April 2013 secured the contract for the design verification, detailed design and full engineering, procurement and construction of the FPSO, informed that it has…
14 December 2016
Nexans Wins Hornsea One Cabling
DONG Energy Wind Power has contracted Nexans to supply and terminate a total of 139 km of three-phase subsea cable for the first of three construction phases of the Hornsea Project One wind farm, located off the Yorkshire coast.The 34 kV cables of latest generation will be used for inter-linking…
14 December 2016
Intertek Appointed for Specialist Study Related to Possible Impacts of Rock Dump from Oil and Gas Decommissioning on Mobile Sandbanks
Intertek, a Total Quality Assurance provider to industries worldwide, announces that its Energy & Water experts have been appointed by the UK’s Joint Nature Conservation Committee (JNCC) to undertake a study of potential impacts associated with rock dumping during the decommissioning of oil and gas infrastructure on mobile sandbanks.The study…
14 December 2016
JFD Expands Hyperbaric Rescue Offering with the Addition of Portable HRF
JFD, the world-leading subsea operations and manufacturing company and part of James Fisher and Sons plc, has recently accepted the delivery of a portable 18-man hyperbaric rescue facility (HRF) which will offer offshore operators an encompassing solution for hyperbaric reception across the whole of the UK. JFD’s National Hyperbaric Centre…
14 December 2016
Oceanteam Solutions Wins Contract to Engineer and Supply 4000T and 2000T Turntables
Oceanteam Solutions has won a contract for engineering and supplying a 4000T and a 2000T turntable for the splicing, storage and multiple loadouts of cables. Furthermore, Oceanteam will accommodate a professional cable handling crew, engineering services and equipment for the complete project.For this newly awarded project, two cables will be…
14 December 2016
ABS Presents Industry’s First Guidance for Determining Routes for Subsea Pipelines
ABS, the leading provider of classification and technical services to the offshore industry, has published the ABS Guidance Notes on Subsea Pipeline Route Determination. This document, the first of its kind for the offshore industry, presents a method for route determination that combines risk assessment techniques with Geographic Information System…
14 December 2016
Oil and Gas Industry Collaboration to Help Simplify Commercial and Legal Practices
A rising number of UK operator companies are demonstrating their commitment to working smarter by signing up to two initiatives designed to reduce the legal and commercial complexity of offshore operations. As a result of collaboration between UK operators, supported by Oil & Gas UK and the Oil and Gas…
14 December 2016
Shell-led Consortium Wins 700 MW Dutch Offshore Wind Contract
A consortium led by Royal Dutch Shell beat 26 other bids for a contract to build 700 megawatts of offshore wind capacity, the Dutch government said as it announced plans for a further seven wind farms to be build in the next decade.Contractors Eneco, Van Oord and Mitsubishi/DGE are Shell's…
14 December 2016
E.ON Supports Game-changing Technology for Wind Energy
E.ON fosters the development of a game-changing technology to produce power from wind. The company invested in Kite Power Solutions (KPS). This British start up company secured a new investment of approx. 6 million euro. E.ON invested along with Schlumberger and Shell Technology Ventures.The investment will support KPS’s technical and…
14 December 2016
Norway’s New Licensing Round Focuses on Barents Sea
Norwegian Ministry of Petroleum and Energy on Tuesday launched its annual licensing round for pre-defined areas (APA 2017), offering access to up to 87 new areas to oil and gas companies. The country’s annual licensing round is focusing on the mature areas of the Norwegian continental shelf that are close…
14 December 2016
Shell Starts Oil Production from Malikai Deep-water Platform in Malaysia
Located in waters up to 500-metres deep, Malikai is Shell’s second deep-water project in Malaysia, following the successful start-up of the Gumusut-Kakap platform in 2014. Malikai is expected to have a peak production of 60,000 barrels per day. As the company’s first TLP in the country, Malikai is an example…
13 December 2016
Sinking Feeling off Norway
Norway’s oil and gas industry is set to endure at least two more years of cost-cutting pain with a dramatic drop in investments over the past few years expected to flatten out at below Nkr130 billion ($15.5 billion) towards the end of the decade.The forecast, issued by industry body Norwegian…
13 December 2016
JDR 66 kV Cables for European Offshore Wind Deployment Centre
JDR has been awarded a contract by offshore cable installation specialist VBMS, part of Boskalis, to supply 66 kV inter-array and export cables for Vattenfall’s European Offshore Wind Deployment Centre (EOWDC).Located in Aberdeen Bay, the 92.4 MW, 11-turbine development is Scotland’s largest offshore wind test and demonstration facility. JDR will…
13 December 2016
DeepOcean in Subsea Inspection Deal with Statoil
Offshore services provider DeepOcean has secured a contract with the Norwegian oil company Statoil for survey and light construction services in 2017.Offshore work will be undertaken in 2017 with a vessel from DeepOcean’s in-house fleet.DeepOcean’s Chief Commercial Officer, Ottar Mæland, said, “We are delighted to continue our relationship with Statoil.…
13 December 2016
Development of Leviathan Field to Produce Natural Gas by End of 2019
Delek Group provides below an Immediate Report published by each of Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership ("the Partnerships") concerning the decisions taken for development of the Leviathan Field in order to produce natural gas by the end of 2019.Pursuant to what was stated in the…
13 December 2016
AWE Completes Divestment Program with Tui Sale
AWE Limited (ASX: AWE) has entered into an agreement to sell the company’s 57.5% interest in the Tui Area Oil Fields to Tamarind Management Sdn Bhd (“Tamarind”), subject to customary consents from the New Zealand Government and Tui Joint Venture.Under the terms of the agreement, Tamarind will acquire all of…
13 December 2016
Petsec Energy Ltd Releases Preliminary Development Schedule for Hummer
Petsec Energy is pleased to release the preliminary development schedule for the Company's Hummer Project at Main Pass Blocks 270/273/274 in which it holds a 12.5% working interest. This follows the successful production test of the Company's Main Pass Block 270 # 3 BP 01, Hummer discovery well, conducted over…
13 December 2016
Noble And Shell Amend Drilling Contracts On Three Ultra-Deepwater Drillships
Noble Corporation plc (NYSE: NE) today announced that the Company and certain subsidiaries of Royal Dutch Shell plc(NYSE: RDS.A) have agreed to amend the existing long-term contracts on three ultra-deepwater drillships. In the current, challenging environment for offshore exploration and production projects, the agreements offer benefits for both parties.The contract…
12 December 2016
Eni Sells a 30% Stake in the Shorouk Concession, Offshore Egypt, to Rosneft
Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, through its subsidiary IEOC, currently holds a 90% stake in the block following the recent dilution of 10% to BP which completion is ongoing.The…
12 December 2016
EnerMech Bags Subsea 7 Contract in Australia
EnerMech has secured its first contract in the Australian oil and gas market from Subsea 7.The company will perform a range of subsea flowline and umbilical pre-commissioning on the Woodside-operated North West Shelf (NWS) Project’s Persephone project and North Rankin Complex in Western Australia.The workscope includes flooding, hydro-testing and dewatering…
12 December 2016
Perenco Acquires Assets, Offshore Trinidad and Tobago
Perenco has announced the acquisition of a 70% interest in the Teak, Samaan and Poui Block (TSP) in Trinidad and Tobago. The interest in the fields, located offshore, south east of Trinidad, has been bought from Repsol E&P T&T Ltd, a subsidiary of Repsol SA, the Spanish integrated global energy…
12 December 2016
JGC Awarded Construction Management and Completion Support Services for Prelude FLNG Project in Australia
JGC Corporation has announced today that it has received an order for the construction management and completion support services for the Prelude FLNG (Floating LNG) project from Shell Australia Pty., Ltd. and its partners. The Prelude FLNG project is the world’s largest FLNG project which is expected to produce 3,6…
12 December 2016
Blythe FDP Submission
Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has submitted the Blythe Field Development Plan (“FDP”) in draft format to the Oil and Gas Authority (“OGA”).The Blythe gas field, which is 100% owned and…
12 December 2016
Kongsberg Maritime: DSME and Kongsberg Maritime Ink New Joint Development Agreement
DSME and Kongsberg Maritime have signed a Joint Development Agreement (JDA) for a new LNG FSRU regasification control system. As part of the delivery scope for a vessel currently under construction at the Okpo shipyard in South Korea, DSME will develop a High Fidelity Dynamic Simulator for the regasification plant.…
12 December 2016
Atlantic Petroleum is Selected as Operator of UKCS Licences P.1606, Orlando, and P.1607, Kells
Atlantic Petroleum (NASDAQ OMX Copenhagen: ATLA DKK and Oslo Stock Exchange: ATLA NOK) announces that further to decisions of the joint operating committees of UKCS Licences P.1606 and P.1607 taken at special meetings held on Friday 9th December 2016, notices have today been given pursuant to Clause 5.3.2(b) of the…
12 December 2016
Nord Stream 2 Signed Letter of Intent with Allseas
Following the international tender process, Nord Stream 2 AG and Allseas have today signed a Letter of Intent covering the offshore pipelay capacities for the Nord Stream 2 Pipeline through the Baltic Sea. The Letter of Intent ensures that Allseas will undertake offshore pipelay works for the first line and…
12 December 2016
JFD and Wuhu Diving Equipment Factory Sign Joint Venture to Further Strengthen Presence in the Chinese Market
JFD, the world-leading subsea operations and manufacturing company and a part of James Fisher and Sons plc, has expanded into the Chinese market through the signing of a joint venture with Wuhu Diving Equipment Factory (http://chinadiving.cn). Wuhu Diving Equipment Factory is a subsidiary of Shanghai Salvage Company (SSC) and is…
12 December 2016
Azinor Catalyst Signs Farm-In Agreement to Acquire 50% Operated Interest in UKCS Licence P.2243 from Zennor
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 signed an agreement to acquire a 50% operated interest in UKCS Licence P.2243 (“the Licence”), containing Block 14/17a from Zennor North Sea Limited (“Zennor”).The Licence is…
9 December 2016
SBM Offshore Frontrunner for Liza Floater FEED
Dutch floater specialist SBM Offshore has moved into pole position to secure a hard-fought contract from US supermajor ExxonMobil covering front-end engineering and design of a landmark floating production, storage and offloading vessel to be installed at the billion-barrel deep-water Liza oil discovery off Guyana.Multiple sources stated that SBM has…
9 December 2016
Unexpected Delays for ‘Siem Helix 1’ in Brazil
American oil and gas services provider Helix Energy Solutions is still waiting for its 4-year well intervention contract with Petrobras for the vessel Siem Helix 1 to start after experiencing unexpected delays.At the Capital One Securities 11th Annual Energy Conference on Wednesday, Helix said that its chartered vessel Siem Helix…
9 December 2016
Petrofac Builds on its Subsea Cable Track Record with Lincs Windfarm Project
Petrofac has successfully completed its first offshore engineering support scope for Transmission Capital’s Lincs Ofto.The project, which centred on the provision of risk assessment and engineering support on the two 48km subsea cables connecting the Lincs offshore windfarm with the onshore transmission system, builds on Petrofac’s recent success on subsea…
9 December 2016
Global Marine Announces Offshore Oil field Communications Contract with Tampnet
Global Marine Systems Limited, a UK-based specialist in subsea cable engineering projects, announced today that it has secured a contract from Tampnet, a global leader in high capacity communications, who operates the largest offshore high capacity communication network in the world. The contract, with work being undertaken in 2018 by…
9 December 2016
Successful Production of LNG from Petronas' First Floating LNG Facility, PFLNG Satu
PETRONAS’ first floating liquefied natural gas (LNG) facility, PFLNG SATU has achieved an industry breakthrough with the successful production of its first drop of LNG from the Kanowit gas field, offshore Sarawak on 5 December 2016.The operational milestone marks a decade long journey for PETRONAS since conceptualising a floating LNG…
9 December 2016
SeaBird Exploration: 2D Seismic Survey Contract in South America
SeaBird Exploration is pleased to announce that it has signed an agreement to provide a vessel for an upcoming 2D seismic survey in South America. The project is anticipated to commence in late December 2016 and will have a duration of approximately 45 days. SeaBird will be using the Northern…
9 December 2016
Azeire Lands Irish Offshore Licences
Seacrest-backed player to start exploration programme in the North Celtic Sea and Fastnet basinsPrivate equity-backed junior Azeire has been awarded several new licencing options over multiple blocks and part-blocks in the North Celtic Sea and Fastnet Basins offshore Ireland.Ireland-focused Azeire said on Thursday that it landed a combined area of…
8 December 2016
Allseas Lands TurkStream Job
South Stream Transport B.V. has awarded the Swiss-based Allseas a contract to lay the first line of the TurkStream offshore gas pipeline in the Black Sea, with an option for laying the second line.According to the contract, Allseas is to lay more than 900 km of pipes on the seabed.Allseas…