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8 December 2016
N-Sea and University of Strathclyde Collaborate for Innovative Subsea Project
Integrated Subsea Service Provider, N-SEA and The University of Strathclyde's Institute of sensors signals and communications at the department of electronic and electrical engineering, have secured substantial funding from the data lab innovation centre for an innovative research project to automate subsea pipeline inspection.The collaboration combines N-Sea’s state-of-the-art inspection expertise…
8 December 2016
Ardent Completes Largest Wreck Removal Project of 2016
Ardent completed removing the Troll Solution jack-up in November, 2016; the largest wreck removal completed in 2016.Weighing approximately 7,000 tons, the jack-up Troll Solution experienced a debilitating accident while carrying out maintenance work on the wellhead platform CAAN-A in 2015.Prior to Ardent’s involvement, efforts were made to refloat and salvage…
8 December 2016
Chevron Announces $19.8 Billion Capital and Exploratory Budget for 2017
Chevron Corporation (NYSE:CVX) today announced a $19.8 billioncapital and exploratory investment program for 2017. Included in the 2017 program are $4.7 billion of planned affiliate expenditures.“Our spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction. In fact, over 70 percent of our planned upstream investment…
8 December 2016
Extension of the Blythe Licence
Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that following discussions with the UK Oil & Gas Authority, the licence for Blocks 48/22b and 48/23a in the Southern North Sea ("SNS") containing the Blythe gas discovery…
8 December 2016
Magseis ASA Awarded Contract with ConocoPhillips
Magseis ASA has been awarded contract with ConocoPhillips in the North SeaMagseis has been awarded a contract from ConocoPhillips for a full azimuth 4D seabed seismic acquisition survey in the North Sea using the company’s proprietary MASS system. Magseis will mobilise a second, ROV-based crew for the project. The duration…
8 December 2016
Polarcus Awarded Two Projects Offshore South America
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has received two Letters of Intent from two undisclosed clients for two additional marine seismic projects offshore South America. The projects, one 3D using Polarcus' RightBAND(TM) technique for broadband data acquisition and one 4D monitoring…
7 December 2016
Energean Secures Delek gas fields
Greek player Energean Oil & Gas has secured the $148 million acquisition of the Karish and Tanin offshore gas fields from Israel’s Delek Drilling and Avner, after landing the approval of the Petroleum Council of Israel, which gave the deal the official green light. Energean will now proceed towards completion…
7 December 2016
Aker Solutions Completes Acquisition of Majority Stake in Brazil's C.S.E.
Aker Solutions today completed the acquisition of 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda.Aker Solutions in October announced the agreement to buy the majority stake in C.S.E. The agreement includes an option for Aker Solutions to purchase the remaining 30 percent of the company three years from now.The…
7 December 2016
Swire Seabed Secures Work for Its New Subsea Vessel
Swire Seabed, a wholly owned subsidiary of Swire Pacific Offshore, has landed a six-year contract for the subsea support and construction vessel, Seabed Constructor, with UK-based Ocean Infinity.The vessel will be carrying out AUV based survey and construction support operations on a global basis.The company has taken delivery of the…
7 December 2016
MeyGen Update – Full Power Generation from Turbine #1
Atlantis, a global leader in the tidal power sector, is delighted to announce another significant milestone with the first installed Andritz Hydro Hammerfest turbine (TTG#1) now operating at full power. Each MeyGen turbine is capable of generating 1.5 megawatts of power when the water speed reaches just over 3.0 meters…
7 December 2016
Submarine Manufacturing and Products Ltd wins contract with Norwegian Company Alf Lea
Submarine Manufacturing and Products Ltd (SMP) continue their success in the subsea industry after winning a contract with Norwegian company Alf Lea to supply a complete Wet Bell System to Bergen University. Alf Lea approached SMP to design and manufacture a Wet Bell Launch and Recovery System with supporting 20ft…
7 December 2016
CGG Achieves Near Real-Time Imaging for Offshore Morocco Survey
CGG announced today the delivery of near real-time imaging results for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. CGG delivered the very-fast-track (VFT) RTM PSDM volume to the client only 4 days after the last shot.Geo-CaspianThe 4,200 sq km BroadSeis 3D seismic survey offshore Morocco…
7 December 2016
Höegh LNG : Entering into agreement for its next series of FSRUs with Samsung Heavy Industries in South Korea
Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") is pleased to announce that it has signed a Letter of Intent ("LOI") for one firm and three optional FSRUs at Samsung Heavy Industries (SHI) in South Korea.The 170,000 m3 FSRUs have regasification capacity of 750 MMScf/day and full trading capabilities.…
7 December 2016
New Vessel Management Contracts to Golden Energy Offshore
Golden Energy Offshore is proud to announce the award of management contracts with Neptune Subsea AS to fully manage their two IMR & Light Construction Vessels of SX130 design, Larissa and Despina.Golden Energy Offshore assumed the role as Commercial Manager in September 2016 and full management as from 22nd of…
7 December 2016
Completion of Acquisition of Norwegian Production Assets
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 that it has completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and gas fields, Ula (20%), Tambar (45%), Tambar…
7 December 2016
Mitra Energy Changes Name to Jadestone Energy to Emphasize Major Strategic Shift
Mitra Energy Inc. (TSX VENTURE:MTE) today has effective immediately changed its name to Jadestone Energy Inc. ("Jadestone Energy" or the "Company") further reinforcing the major shift in strategy, driven by a new leadership team and board of directors.Executive Chairman Paul Blakeley said: "We are moving in a new direction and…
6 December 2016
Mexico Awards Deep-Water Oil and Gas Blocks
A range of international oil and gas operators gained footholds offshore Mexico in the country's first-ever deep-water bid round held Monday, with industry enthusiasm crystallising into awards for eight of 10 blocks on offer.Regulators who worked on the process for more than two years were visibly delighted with the results,…
6 December 2016
Mexico Eyes Three More Oil Auctions Before End of 2018-Minister
Mexico expects to hold three more oil and gas auctions before the end of 2018 for shallow waters, deep waters and onshore fields, Energy Minister Pedro Joaquin Coldwell said on Monday following a historic deep water auction.Joaquin Coldwell also said it was very likely for non-conventional fields to be auctioned…
6 December 2016
Olympic Ship AS - Sale of Vessel
Olympic Athene AS, a wholly owned subsidiary of Olympic Ship AS, has sold the Multifunctional Subsea Support & Construction Vessel "Olympic Athene" (MT 6022 MKII) to Swire Pacific Offshore Operations Ltd. Delivery of the vessel to the new owner has taken place today.The sale will give immaterial accounting effect for…
6 December 2016
Knot Offshore Partners LP Announces Completion of the Acquisition of Raquel Knutsen
KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced today that it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Raquel Knutsen for an aggregate purchase price of $116.5 million less $103.5 million of outstanding indebtedness ($29.0 million of which was…
6 December 2016
Acquisition of Shell's Interest in Offshore fields in the Gulf of Mexico
Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) is pleased to announce that it has reached an agreement with Shell Offshore Inc., ("Shell"), a subsidiary of Royal Dutch Shell plc , to acquire 20% working interest of Shell's Kaikias and Circius 100% owned assets located…
6 December 2016
Wood Group and Heerema Fabrication Group sign Memorandum of Understanding
Wood Group and Heerema Fabrication Group (HFG) have signed a Memorandum of Understanding (MoU). The companies will join efforts to offer wellhead platform development, from design to installation, hook-up and commissioning, to clients on the Norwegian Continental Shelf (NCS).Bringing together Wood Group’s engineering expertise and HFG’s specialist services in the…
6 December 2016
OGA launches an Offshore 2016 Supplementary Round
Companies can now apply for new licenses to drill for offshore oil and gas in a number of blocks in the Offshore 2016 Supplementary Round.The fourteen blocks on offer in the Supplementary Round are outside of the 29th Oil and Gas Licensing Round offer area, which closed last month. Locations…
5 December 2016
Subsea 7 – OneSubsea Alliance Grabs Dalmatian Award
Subsea Integration Alliance between OneSubsea, a Schlumberger company, and Subsea 7 has secured a contract from Murphy Oil for engineering, procurement, construction, installation and commissioning (EPCIC) of subsea multiphase boosting system for the Dalmatian Field in the Gulf of Mexico.This is the first EPCIC project award for Subsea Integration Alliance,…
5 December 2016
Arkona Offshore Wind Farm UXO Disposal Complete
E.ON informed that it has completed the disposal of the explosive ordnance at the Arkona offshore wind farm site in the German Baltic Sea.The construction site, with an area of 39 square kilometers halfway between the island of Rügen and the Danish island of Bornholm, is now completely free of…
5 December 2016
'PNG LNG still a Game Changer': ExxonMobil
The head of ExxonMobil’s operations in Papua New Guinea says the PNG LNG project will continue to be a “game changer” for the country, performing well above its 6.9 million tonne per annum nameplate capacity.The managing director of ExxonMobil PNG, Andrew Barry, told delegates at the PNG Mining & Petroleum…
5 December 2016
Hurricane Targets FDP for Year End
Fractured basement specialist Hurricane Energy intends to submit plans to the UK authorities as soon as this month for the first phase of development at its much-anticipated Lancaster field.In another signal of growing momentum on the West of Shetland scheme, chief financial officer Alistair Stobie told an industry audience that…
5 December 2016
Petrofac Wins Cygnus Extension
Petrofac has secured a contract extension worth around $70 million to provide integrated support services on Engie E&P’s Cygnus gas field off the UK.The four-year extension to December 2021 covers enhanced construction services and production supervision, as well as the pre-operations, operations, maintenance, engineering and commissioning services being provided under…
5 December 2016
BP, Perenco Start Southern North Sea Drilling
Partners eye potential Carboniferous gas play that could lead to a new phase of development in the region.Supermajor BP and French project partner Perenco have commenced drilling on a Carboniferous gas play in the southern North Sea region, work that could potentially open up a new phase of development.BP said…
5 December 2016
Bibby Nets Shell Deal in North Sea
Bibby Offshore, a subsea services provider, has secured a new contract with Shell in the North Sea.The campaign, due to start in Q1 2017, will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea.Under the agreement, Bibby Offshore will utilize…
5 December 2016
ENGIE Fabricom to Carry Out Grout Remediation at Greater Gabbard
SSE has awarded ENGIE Fabricom the first phase of a project to remediate grout connection subsidence between the pile and transition pieces on the Greater Gabbard offshore wind farm.Initial development work will take place in the last quarter of 2016 at ENGIE Fabricom’s Middlesbrough facilities to develop working methods before…
5 December 2016
Siemens Wind Power Presents First Customized Turbine Transport Vessel in Esbjerg
Sea transportation and Roll on-Roll off-loading (Ro-Ro) are both key in Siemens' new offshore logistics concept launched in 2015. Now the company has commissioned its first specialized transport vessel, the Rotra Vente. It fulfills the needs for cost effective transportation of the large nacelles used in Siemens' direct drive offshore…
5 December 2016
Egypt Accepts Six Bids for Oil and Gas Exploration
Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday.In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the Western Desert and Gulf of…
5 December 2016
Trinidad Drilling Programme Update
Range is pleased to announce that the QUN 160 development well in Trinidad that spudded on 9 November 2016 was successfully drilled to a total depth of 2,140 feet on 22 November 2016. The well was originally planned to be drilled to 2,600 feet, however it was decided not to…
5 December 2016
Fugro Stops Divestment Process of Asia Pacific Subsea Services Businesses to Shelf Subsea
Fugro NV (Fugro) announces today it has decided to no longer pursue the divestment of its subsea services business in Asia Pacific to Shelf Subsea.Fugro announced on 4 August 2016, that it had signed an agreement for the sale of its subsea services business in Asia Pacific to Shelf Subsea.…
2 December 2016
CWind Limited Announces Completion of Acquisition by Global Marine and Sets Direction for Future Growth with More Comprehensive Offerings Across Offshore Wind Markets
CWind Limited a leading provider of services to the offshore wind industry, announced today that it is now wholly-owned by Global Marine Systems Limited following the majority interest acquisition that took place in February this year and the subsequent purchase of the remaining minority stake in November. The acquisition bolsters…
2 December 2016
Ancala Midstream Buys Apache’s Stake in SAGE and Beryl Pipeline
Ancala Midstream has agreed to acquire Apache’s interest in the Scottish Area Gas Evacuation system (SAGE) and Beryl pipeline. Ancala Midstream will acquire Apache’s 30.28 percent share of SAGE, and its 60.56 per cent interest in the Beryl pipeline, and intends to appoint Wood Group to be operating partner, subject…
2 December 2016
Production Drilling Started on Mariner
Production drilling has started on the Statoil operated Mariner field in the UK North Sea.Up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer. First oil is expected to be produced from Mariner in 2018. Hedda Felin, managing director, Statoil…
2 December 2016
Allseas Acquire Volstad Shipping Newbuild
Pipelay/heavy lift specialist Allseas has confirmed that it recently acquired Volstad Shipping's newbuild construction vessel, Volstad Oceanic.Oceanic will be used as a support vessel for survey work, structure and protection structure installation and in support of the massive heavy lift vessel Pioneering Spirit for preparatory work for platform removals/installations.
2 December 2016
Turkey's Parliament Approves TurkStream Gas Pipeline Project Agreement
he Turkish parliament approved overnight an agreement regarding the TurkStream undersea gas pipeline, which is intended to pump Russian gas via Turkey into southeastern Europe.A bilateral agreement on the pipeline was signed in Istanbul in the presence of Russian President Vladimir Putin and Turkish President Tayyip Erdogan on Oct. 10.
2 December 2016
Technip and FMC Technologies Announce Brazilian Antitrust Clearance and the Conclusion of the Antitrust Reviews on their Combination
FMC Technologies, Inc. and Technip today announced that the pending combination between the companies has received a clearance decision issued by the General Superintendent of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority. The decision is subject to a 15-day waiting period.As previously announced on May 19,…
2 December 2016
Investment Agreement with Ratio Petroleum Energy Limited Partnership
Delek Group hereby announces that it has signed an agreement with Ratio Petroleum Energy Limited Partnership, whereby the Company will invest in Ratio through the acquisition of securities that reflect a holding of 17.5% of Ratio's equity as part of an offering Ratio intends to make, as detailed here: http://ir.delek-group.com/phoenix.zhtml?c=160695&p...
2 December 2016
ONGC Opens Tender Race for Giant Platform
INDIA’S Oil & Natural Gas Corporation (ONGC) has issued a much-awaited tender for a huge processing platform and associated facilities required for its $5 billion-plus KG-DWN-98/2 deep-water development, off India’s east coast.Industry sources stated that ONGC issued the tender for the process platform job last week and technical and commercial…
2 December 2016
Subsea 7 Awarded Contract Offshore Australia
Subsea 7 S.A. today announced the award of a sizeable contract by Woodside Energy Ltd for the Greater Western Flank Phase 2 Project, offshore Australia.The Greater Western Flank is located on the North West Shelf of Australia, 60 km southwest of the Goodwyn Alpha (GWA) platform. The contract scope comprises…
1 December 2016
BP Approves Mad Dog Phase 2 Project in the Deepwater Gulf of Mexico
$9 billion project will bring second platform to the super-giant Mad Dog field at less than half of original costHOUSTON - BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment.Mad Dog Phase…
1 December 2016
Norway 'Turns Screws' on Ormen Lange
Shell is reportedly facing renewed pressure from the authorities to move forward on an increased recovery project at its Ormen Lange gas field off Norway – though the Anglo-Dutch supermajor is apparently considering asset sales off the country.The operator and its licence partners decided in 2014 to postpone a concept…
1 December 2016
Business and Energy Secretary to see First Blade from New World-class Siemens Factory
The Rt Hon Greg Clark MP will visit the factory – the centerpiece of a £310m investment – as the first 75m blade is unveiled to Siemens customers, guests and the media.The blade is the first of hundreds to be manufactured in Hull every year for Siemens’ industry-leading 7MW and…
1 December 2016
Royal IHC Wins Chinese Contract
Dutch company Royal IHC has been awarded a contract to supply, what it claims will be, the first reel lay system in the Chinese market.The award from China’s Shanghai Salvage for the 550-tonne reel lay system includes rigid pipe as well as flexible pipe lay capability.The pipelay system will be…
1 December 2016
CGG Delivers Final Presdm Date Sets For Gabon South Basin Multi-Client Survey
CGG announced today that the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company’s recent 3D BroadSeis™ multi-client survey in the highly prospective Gabon South Basin are now available for license. As technical consultant to the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons, CGG acquired the broadband seismic…
1 December 2016
Maha Energy AB announces notification from the Brazil National Oil Agency of clearance to close acquisition of the Operator of the Tartaruga field in Brazil.
Maha is pleased to announce that the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis ("ANP") has provided confirmation that no additional approvals are required from ANP for Maha to proceed with the previously announced acquisition of 100% of UP Petróleo Brasil Ltda. ("UPP") from TDC Engineering Inc. (the "UPP…