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1 December 2016
Mexico Certifies Bidders for December Deep Water Oil Auctions
Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for Dec. 5.The highly anticipated tenders include an auction to pick a partner for Mexican national oil company Pemex…
1 December 2016
Hyperdynamics Signs Definitive Contract with Pacific Drilling to Drill Offshore Guinea Prospect, Provides Update on Additional Preparations
Hyperdynamics Corporation (OTCQX: HDYN) announced today that it has signed a definitive drilling services contract with a subsidiary of Pacific Drilling SA to engage the Pacific Bora drillship to begin a drilling campaign offshore the Republic of Guinea in the second calendar quarter of 2017."This contract underscores our commitment to…
1 December 2016
Aker BP has completed integration – Marks first day as one organization
Aker BP ASA (Aker BP) has completed the integration after the merger between Det norske oljeselskap ASA (Det norske) and BP Norway. The Company today announces that Aker BP now operates as one organization with considerable ambitions on the Norwegian continental shelf.– Aker BP has been through extensive integration work…
30 November 2016
DeepOcean Secures Hornsea Project One Cable Work
DeepOcean, based in Darlington, has won a contract to transport and install cables for DONG Energy’s Hornsea Project One wind farm.Located 120 km off the Yorkshire Coast, Hornsea Project One will have a capacity of over one gigawatt (GW), and will be capable of supplying electricity to over one million…
30 November 2016
Shell Buys Centrica’s Trinidad assets
Supermajor Shell has acquired the entire portfolio of gas assets of British utility Centrica in Trinidad & Tobago in a $30 million deal.The assets consist of a 17.3% in the producing NCMA-1 block and 80% and 90% operated interests respectively in the undeveloped blocks NCMA-4 and Block 22.In addition to…
30 November 2016
Aibel Wins Troll C Module Study
Aibel has been awarded a front-end engineering and design study for a new gas module to be installed on Statoil’s Troll C platform off Norway, with an option to carry out fabrication and installation work.Study work involving around 40 employees is set to start immediately at the local contractor’s Bergen…
30 November 2016
Decommissioning of Aging Offshore Oil and Gas Facilities Increasing Significantly, with Annual Spending Rising to $13 Billion by 2040
The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years alone. This rapid trend toward decommissioning is causing spending to rise significantly, according to a new study by…
30 November 2016
Pryme Group Acquires SengS
Pryme Group (“Pryme”) is pleased to announce the acquisition of Sengs Subsea Engineering Solutions Limited (“SengS”). Established in 2012 by Murray Kerr, SengS is an Ellon (Aberdeenshire) based engineering company providing subsea engineering design consultancy, equipment testing and assembly, repair and refurbishment and rental of certain subsea equipment. In a…
30 November 2016
KCA Deutag Secures UK North Sea Drilling Contracts
Leading international drilling and engineering contractor, KCA Deutag, today announces that it has been awarded a three year contract extension by a major North Sea operator for drilling on four platforms in the UK North Sea.The contract is for the provision of drilling operations and maintenance services. There is also…
30 November 2016
Jacobs Wins Contract from Shell for Gulf of Mexico Platform
Jacobs Engineering Group Inc. announced today that it has been awarded a contract from Shell Offshore Inc. for its Vito host project in the Gulf of Mexico.Under the terms of the contract, Jacobs is delivering a front-end engineering and design package and detailed engineering for the Vito host platform topsides.…
30 November 2016
Aker BP awards a new frame agreement to DNV GL
Aker BP, one of Europe’s largest independent oil companies, has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf.The five-year contract, which includes options for extension, will see DNV GL experts integrated…
30 November 2016
Vaalco Energy Announces Closing of Acquisition of Additional Working Interest in the Etame Marin Permit Offshore Gabon
VAALCO Energy, Inc. today announced that it has closed on the purchase of an additional 3.23% participating interest (2.98% working interest) in the Etame Marin Permit located offshore of the Republic of Gabon from Sojitz Etame Limited, which represented the full interest owned by Sojitz Etame Limited in the concession.…
30 November 2016
Greece Opens Path to Offshore West Katakolon Development
The Greek Ministry of Energy has agreed to convert Energean Oil & Gas’ exploration license for the offshore West Katakolon field into a 25-year exploitation license.The 60-sq km (23-sq mi) exploitation area, part of the Katakolon Concession Area, holds a proven 10 MMbbl of recoverable oil. Energean will operate the…
30 November 2016
Processing development plan for the Oda discovery
The operator Centrica submitted the Plan for Development and Operation (PDO) of the Oda discovery in the North Sea to the authorities today.Estimates show that 7.5 million standard cubic metres of oil equivalents (48 million barrels) can be recovered from Oda. The investment for the development is estimated at NOK…
30 November 2016
Oda Field Development Plan Submission
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 the partners in the Oda (previously named Butch) field (licence PL 405) have submitted the plan for its Development and Operation (“PDO”) to the…
29 November 2016
Eni Looking to Cut Back Zohr Stake to 50%
Italy’s Eni is in talks with various parties to cut its stake in the giant Zohr gas field offshore Egypt to 50%, chief executive Claudio Descalzi said.The company, which owns the whole concession area that includes its Zohr discovery, agreed last week to sell a 15% stake to supermajor BP.BP…
29 November 2016
Norway Approves Hike In Troll's 2016 Oil Output Quota-Letter
Norway's oil and energy ministry has approved a hike in the 2016 oil output quota of the North Sea Troll field to 46.5 million barrels from 41.7 million, giving it the highest output level since 2009, document obtained by Reuters showed on Friday.Field operator Statoil requested an increase on behalf…
29 November 2016
Vessel Returns to Work in the North Sea After £60m Upgrade
A dive support vessel has returned to service after a £60million investment by its owners.The upgrade on the Helix Well Ops vessel was carried out at the Damen yard in Vlissingen in the Netherlands.It took around eight-and-a-half months to complete and was followed by extensive sea trials.The vessel was originally…
29 November 2016
Maersk to Start Leadon Decom Work
Danish player Maersk Oil has awarded a decommissioning contract to its sister company Maersk Supply Service for work on the Leadon subsea field in the North Sea. As lead contractor, Maersk Supply, will start work at Leadon in autumn 2017.Project planning for the Leadon decommissioning is already underway and up…
29 November 2016
BP Announces Acquisition of Interests in the Jock Scott and Craster North Sea Exploration Prospects
BP announced today that it has acquired interests in two North Sea exploration prospects, Jock Scott and Craster, in a further demonstration of the organisation’s commitment to the basin. BP has acquired a 25% interest in the Statoil-operated licenses located to the east of Shetland, P2275 and P2097, which includes…
29 November 2016
AGR Software Helps Unlock 50 years of UKCS Data
AGR has used its innovative software to help mine 50 years of North Sea exploration data, as part of a Data Challenge set by Common Data Access (CDA). CDA is a subsidiary of Oil & Gas UK which was established to facilitate the sharing of well and seismic data by…
29 November 2016
Agreement for Use of FPSO at Lancaster Field
Hurricane Energy, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to announce that it has signed Heads of Terms with Bluewater Energy Services ("BES") for the use of the Aoka Mizu Floating Production Storage and Offloading Vessel ("FPSO") on the Company's…
28 November 2016
JFD Upgrades NHC’s Hyperbaric Reception Facility
JFD, the world-leading subsea operations and manufacturing company, is pleased to announce the planned expansion of its National Hyperbaric Centre’s fixed hyperbaric reception facility (HRF) from an 18-man to a 24-man system. Housing the only land-based saturation diving system in the UK, the National Hyperbaric Centre (NHC) has worked in…
28 November 2016
Trianel Windpark Borkum II: A Major EPCI Contract Award for Seaway Heavy Lifting
Seaway Heavy Lifting has been awarded a contract by Trianel Windkraftwerk Borkum II GmbH & Co. KG. The scope of work consists of the engineering, procurement, construction and installation (EPCI) of the turbine foundations for the Trianel Windpark Borkum II wind farm on the German continental shelf. The award is…
28 November 2016
L&T Sets Up Spool Base Facility to Execute ONGC Contract
L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro, unveiled high-tech spool base facilities at L&T’s fabrication facility at Kattupalli, in Chennai.These facilities are being employed to execute a lump sum turn key (LSTK) contract that has been secured from ONGC for a subsea installation by a consortium…
28 November 2016
BP Buys 10% Interest in Egypt’s Super-giant Zohr Gas Field
BP today announced that it has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for $375 million.On closing, BP will also reimburse Eni for BP’s share of past expenditure.As part of the agreement, BP also has an…
28 November 2016
Atlantic Petroleum Requests Joint Operating Committee Meetings on UK Orlando & Kells to Consider Removal of Operator
Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) has today issued notices to Iona Energy Company (UK) Limited (in administration) that it requests that special meetings of the Joint Operating Committees of UK Licenses P.1606 and P.1607, the Orlando and Kells licenses, are held to consider…
28 November 2016
Norway Government May Raise Stake in Dvalin Gas Field Development
The Norwegian government may further raise its stake in the Dvalin natural gas field development, which is expected to start producing in 2020, the country's oil ministry said on Friday.Norway's state-owned oil firm Petoro has previously signed deals to buy stakes amounting to 30 percent of the Norwegian Sea field…
28 November 2016
Consent for Exploration Drilling at Johan Sverdrup
Statoil is the operator of the Johan Sverdrup field, in the North Sea, around 140 kilometres west of Stavanger. The field is under development and production is planned to start in 2019.The PSA has given consent to drill exploration well 16/2-22, which is an appraisal well. The consent also applies…
28 November 2016
Exercise of Option over Transocean Spitsbergen Drilling Rig
Hurricane Energy, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that, further to the rig contract amendments entered into with Transocean, the Company exercised its option over the Transocean Spitsbergen drilling rig on 25 November 2016 in order to drill the Halifax…
25 November 2016
DONG Contracts EEW SPC for Hornsea One Monopiles Job
Rostock-based company EEW Special Pipe Constructions has been awarded an order from the Danish energy company DONG Energy to manufacture 116 monopiles for the 1.2 GW offshore wind park Hornsea Project 1.The contract signing took place in Rostock on November, 21.“Due to the scale of the project, Hornsea Project 1…
25 November 2016
Tekmar Energy wins its first project with Tideway BV (member of the DEME Group) for Cable Protection Systems on the Merkur Offshore Wind Farm
Tekmar Energy, the market leading specialists in cable protection systems (CPS) for Offshore Windfarms has recently been awarded a contract with Tideway B.V to supply 150 of its patented TekLink® CPS on the prestigious Merkur Offshore Wind Farm project in Germany.This will now be the 47th offshore wind farm project…
25 November 2016
Lamprell PLC Contract Award
Lamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the energy industry, is pleased to announce that it has received a new contract award from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One Offshore Wind Farm.The East Anglia One…
25 November 2016
Ivory Coast: Total Becomes the Operator of the LNG Terminal Project
The CI-GNL (Ivory Coast LNG) consortium led by Total has been awarded the rights to build and operate a liquefied natural gas (LNG) re-gasification terminal in Ivory Coast with a capacity of 3 million tons per year.The decision announced by the Government of the Ivory Coast on October 4th was…
25 November 2016
Deep Ocean Raises New Equity and Gains a New Lead Shareholder
DeepOcean Group Holding B.V. (“DeepOcean”) today announced a new majority owner in the company. Funds advised by Triton (“Triton”) will become the largest shareholder and will, in collaboration with some of the existing shareholders in DeepOcean, support the company’s growth over the coming years. DeepOcean has also strengthened the company’s…
25 November 2016
AGR Registered by Mexico's National Hydrocarbons Commission as Reserves Auditor
AGR has been confirmed as an approved third party supplier to the country’s oil and gas operators, to certify and audit reserves.AGR are one of a small number of companies to be listed as accredited experts on an approved register by Mexico’s Hydrocarbons National Committee (CNH). The register allows third…
25 November 2016
Stella Schedule Update
Ithaca Energy Inc. provides an update on the status of the on-going Stella field commissioning programme and the expected schedule for start-up of production.Activities on the offshore commissioning programme for the FPF-1 floating production facility are well advanced and preparation for start-up of the Stella field is on-going. During routine…
24 November 2016
Siem Strikes Binding Deal for Controlling Interest in Farstad
Farstad and Siem Oilservice Invest Holdings have signed a binding term sheet for a restructuring of Farstad.Namely, Farstad will issue a minimum of 702 000 000 ordinary shares (new shares) for a total subscription of minimum NOK 1 billion at a price per share of approximately NOK 1.4245.Siem will underwrite…
24 November 2016
Lukoil Completes Drilling of Third Well Offshore at Filanovsky Field
LUKOIL has successfully completed drilling of the third well at offshore Vladimir Filanovsky field in the Caspian Sea. The horizontal section of the well is 1,217 meters long. The well flow is around 3,000 tons of crude oil per day. The field’s total oil production currently amounts to approximately 9,000…
24 November 2016
BGP Announces New 2D Multi-client Acquisition Offshore Cuba
BGP Multi-Client, with the registered company GEO EAST CO., LTD.(GEO EAST), is a wholly owned subsidiary OF BGP Inc. (BGP), and is established to develop multi-client business . BGP Multi-Client focuses on delivering high quality multi-client geophysical data and services to host governments and oil & gas companies based on…
24 November 2016
Operational Update Frontier Exploration Licence 2/14 Southern Porcupine Basin
Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, today provides an update on the Frontier Exploration Licence 2/14 drilling project, which lies in c. 2,250 metre water depth in the southern Porcupine Basin and is located c. 220 kilometres off the south west coast of Ireland. The…
24 November 2016
Po Valley Awarded Large Offshore Preliminary Production Concession
Po Valley Energy Ltd (ASX: PVE) - the Australian oil & gas exploration, development and production company with expanding interests in Northern Italy - is pleased to announce a further significant development in its drive towards new gas production in 2017 and 2018.The Italian Ministry of Economic Development has formally…
24 November 2016
Akastor ASA: Akastor, Mitsui and MOL Announces Closing of Joint Venture Transaction
Akastor ASA, an oil service investment company, announced today that the Agreement with MITSUI & CO., LTD , and Mitsui O.S.K. Lines, Ltd., to create a joint venture with 50/50 ownership between AKOFS Offshore AS and Mitsui/MOL has now been approved and concluded according to the terms and conditions described…
24 November 2016
FMC Technologies and Technip Announce EU Antitrust Clearance
FMC Technologies, Inc. and Technip today announced that the pending combination between the companies has received a clearance decision from the European Commission under Council Regulation (EC) No 139/2004.As previously announced on May 19, 2016, Technip and FMC Technologies will combine to create a global leader that will drive change…
24 November 2016
Drilling Permit for Well 6608/10-17 S in Production Licence 128
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 6608/10-17 S, cf. Section 8 of the Resource Management Regulations.Well 6608/10-17 S will be drilled from the Deepsea Bergen drilling facility at position 66°4' 16.19" north and 08°3' 36.03" east.The drilling programme for well 6608/10-17 S…
23 November 2016
SMD launch Sentio™, the latest innovation in synthetic environment and SMD Launch Sentio™, the Latest Innovation in Synthetic Environment and Virtualisation Software"
SMD are pleased to announce the launch of Sentio™, a highly advanced synthetic environment and virtualisation platform that can optimise and significantly improve the efficiency of operations in any offshore environment.Sentio™, the first of a number of new offerings to be delivered from SMD Services, enables the user to virtualise…
23 November 2016
ExxonMobil Spuds off Liberia
US supermajor gets going at highly-anticipated Mesurado-1 wildcat with Seadrill drillshipExxonMobil has kicked off drilling at its much-anticipated and delayed Mesurado-1 exploration well off Liberia.The US supermajor and partner Canadian Overseas Petroleum (COP) spudded the deep-water well in Block LB-13 on Tuesday using the Seadrill drillship West Saturn.The well, situated…
23 November 2016
Maersk Oil North Sea UK Limited Decision Not to Renew Bagpuss Licence
Maersk has informed the Bagpuss Joint Venture of its decision to not renew the Bagpuss and Blofeld Licence P.1943 in the UK North Sea.Forward-looking statementsExcept for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by…
23 November 2016
Licence Update - Liberia
African Petroleum Corporation Limited ("African Petroleum" or the "Company"), an independent oil and gas exploration company operating high impact exploration licences offshore West Africa, announces that the production sharing contracts for blocks LB-08 and LB-09 (the "PSCs") have expired and will not be extended.The PSCs formally expired in June 2016…
23 November 2016
ENGIE E&P Norge extends contract with AGR
AGR has successfully secured a two year extension to a Frame Agreement to provide personnel services to ENGIE E&P Norge. Under the agreement, AGR Consultancy division will continue to provide technical manpower to ENGIE E&P projects on the Norwegian continental shelf (NCS), including onshore and offshore engineering positions.The Stavanger-based Consultancy…