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23 November 2016
PREZIOSO Linjebygg awarded contract with Eni Norway for Goliat FPSO
Eni Norge AS has awarded PREZIOSO Linjebygg AS a framework agreement for ISS Services (insulation, scaffolding and surface treatment) for the Goliat FPSO. The contract also covers rope access, welding habitats and related engineering services.The contract takes effect immediately, and offshore activity is anticipated to start in early 2017. The…
23 November 2016
Egina Project: Delivering Pipe and Beyond in Nigeria
Vallourec supplying tubes for the construction of the world’s largest FPSOEgina is an ultra deep offshore project, 130 km off the coast of Nigeria, at a depth of 1750 m. The field infrastructure consists of a subsea production system tied in to a Floating Production Storage and Offloading (FPSO) vessel…
23 November 2016
Statoil Completes Acquisition and Takes Over Operatorship of Brazilian Offshore Licence BM-S-8
Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s Santos basin.BM-S-8 contains a substantial part of the Carcará pre-salt oil discovery.On the completion of the transaction, Statoil has paid Petrobras USD 1.25 billion, half of…
22 November 2016
Eni, GE in Renewables Tie-up
Italian major and US engineering giant team up to develop large-scale solar and wind projects.Italian major Eni plans to jointly develop large-scale renewables with US industrial giant GE under a framework agreement that encompasses onshore and offshore wind, as well as solar."Through this agreement, Eni and GE intend to jointly…
22 November 2016
Ridge Wins OKEA Contract
OKEA have awarded a frame agreement to Ridge AS for “Well Management Services”. Under this contract, Ridge will provide personnel and services to manage offshore well design, construction and operation for OKEA. The initial contract term is three years, with three possible one-year extensions. “We are proud that OKEA chose…
22 November 2016
India Gets Muted Response to Small Discovered Field Auction
India's first auction of small discovered fields drew a tepid response with local firms dominating the auction for operating assets estimated to hold 625 million barrels of oil and oil equivalent gas.India has received 134 bids from 42 companies, including five foreign bidders, for 34 contract areas, according to a…
22 November 2016
First Power from DONG Energy's Burbo Bank Extension
Electricity has been generated for the first time at Burbo Bank Extension Offshore Wind Farm, a joint venture between DONG Energy (50%) and its partners PKA (25%) and KIRKBI A/S (25%).With the initial turbines recently installed, power from the first turbine is now being exported to the national grid. This…
22 November 2016
New Contract Award for Mid-Size Class Vessel
Gulf Marine Services (GMS) said today that it had one a new contract for one of its vessels in the Middle East North Africa (Mena) region.GMS, an offshore vessel contractor founded in Abu Dhabi in 1977, said the three month charter would start in the first quarter of 2017.London-listed GMS,…
22 November 2016
Petsec Energy Announces Successful Production Test at Hummer Project, Offshore Louisiana Federal Waters, USA
Petsec Energy is pleased to advise the successful flow testing of its Main Pass 270 No. 3 BP 1, Hummer discovery well, offshore Louisiana, Federal waters, USA. The well was tested over a 48 hour flow-back period, beginning 16 November 2016. Flow rates were measured at restricted rates on variable…
22 November 2016
Talos Energy LLC Announces Initial Production from the Tornado Discovery
Talos Energy LLC ("Talos” or the "Company”) announced today initial production from the Tornado exploration project in the Phoenix Field, located in Green Canyon Blocks 236, 237, 280 and 281 in approximately 2,700 feet of water. Initial production testing for the Tornado project commenced October 27, 2016 and the well…
22 November 2016
Oil and Gas Discovery east of Johan Castberg in the Barents Sea - 7220/6-2 R
Lundin Norway AS, operator of production licence 609, has completed the drilling of wildcat well 7220/6-2 R. The well proved oil and gas.Well 7220/6-2 R is a deepening of well 7220/6-2, which was temporarily plugged and abandoned in November 2015. The well was drilled about 60 kilometres northeast of the…
22 November 2016
JFD Awarded Saturation Diving Contract
James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its subsidiary JFD has been awarded a c.£35m contract by Shanghai Salvage ("SS") to supply a 24 man saturation diving system rated for diving support to depths of 500m.The contract is for the design and build of two independent 12…
22 November 2016
iRo's Cable Lay Spread Completes Phase 1 at Rampion Offshore Wind Farm
Fugro has completed phase one of cable laying operations on schedule at the Rampion Offshore Wind Farm, as the programme takes a break over winter.The installation of 60 cables was completed at the end of October – three more than the 57 cables originally planned. Subsea construction vessel Fugro Symphony…
21 November 2016
Maersk Drilling, NOV Aim to Optimise Drilling Equipment Maintenance
Maersk Drilling and National Oilwell Varco have entered into a five-year partnership to improve maintenance predictability for drilling equipment.The shared vision behind the partnership is to implement a new maintenance mind-set which should minimise operational down time, while lowering maintenance cost levels.The agreement covers Maersk Drilling’s three deepwater D-class semi-submersibles…
21 November 2016
Farstad Lands Zohr Job
Oslo-listed player secures new charter deals with majors, including Shell and PetrobrasOslo-listed player Farstad Shipping has secured a new charter with Italy’s Saipem for work on Eni’s giant Zohr field off Egypt.Farstad said on Monday that, along with two other deals off Brazil with Petrobras and Shell, respectively, it landed…
21 November 2016
Total, Socar Reach Absheron Deal
Total and Socar have reached a deal covering the first phase development of the Absheron gas and condensate field in Azerbaijan's section of the Caspian Sea.French supermajor Total said on Monday that the pair had signed an agreement "establishing the contractual and commercial terms" over first phase production at the…
21 November 2016
Frame Agreement Extension for Shah Deniz
Lighthouse Azerbaijan Branch proudly announces the sign of a 4-years extension of the existing Frame Agreement with Saipem Netherland – Azerbaijan Branch. The two Companies have signed a new revision of the existing frame agreement, which concerns Survey and Positioning Support Activities, extending its term until 2022.The survey activities Lighthouse…
21 November 2016
Award of P2308 Licence
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 been awarded the P2308 licence ("Halifax") by the Oil and Gas Authority in an out of round application. The licence is contiguous to, and extends north…
21 November 2016
Scolty/Crathes First Oil
Following the successful drilling of the Scolty and Crathes wells in Q2 2016 and subsequent full completion of subsea and topsides scopes, including commissioning of the integrated system the Scolty/Crathes development is proceeding ahead of the schedule previously indicated, the first production wing valve is now open and the first…
21 November 2016
New Industry Group to Harness Potential of Southern North Sea Gas Reserves
A steering group of offshore companies working together to explore opportunities to maximise remaining gas reserves in the Southern North Sea (SNS) has been appointed.A mix of operators, duty holders, service businesses and supply chain organisations will form the group after a flood of applications to be part of the…
18 November 2016
Woodside and Total Set to Drill
Woodside Petroleum has contracted a deep-water drillship for its next major exploration and appraisal campaign off Myanmar, and Total has hired a jack-up rig for its next drilling assignment off the same country.A spokesperson for Woodside confirmed it has hired the Transocean-owned drillship Dhirubhai Deepwater KG2 for its upcoming programme…
18 November 2016
Update on Nigerian Investment
MX Oil, the AIM quoted oil and gas investing company, is pleased to provide the following update on its Nigerian investment. On 19 October 2016, the Company announced that PR Oil and Gas Limited, the holder of its investment in OML 113, had received US$1.2 million for its share of…
18 November 2016
GC Rieber Shipping Enters into Charter with MPL for SURF Vessel Polar Onyx
GC Rieber Shipping ASA has entered into a time charter agreement in West Africa with Marine Platforms Limited (MPL) for the SURF vessel Polar Onyx. The vessel will perform subsea construction/SURF installation and field development for end client Chevron. The charter commences promptly for a firm period of about 1…
18 November 2016
Update on the UK Orlando Asset
Bridge Petroleum has advised Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) that they are unable to complete the transaction under the SPA for 25% of the Orlando asset announced on the 6th June 2016.This means that Atlantic Petroleum retains its 25% equity in the Orlando…
18 November 2016
Frames Secures Order for Culzean Field Development Project
Sembcorp Marine subsidiary SMOP Pte Ltd awarded Frames, a supplier of oil and gas solutions, a contract for the supply of two seawater electrochlorination systems, one wellhead control panel complete with a hydraulic power unit, and three hydraulic power units for topside and subsea valves. The systems are designated for…
18 November 2016
Eni's Board of Directors Approves Investment Plan of Coral South Project, Offshore Mozambique
Eni's Board of Directors has authorized the investment for the first phase of the development of the Coral discovery (Coral South project), located in the deep waters of the Rovuma Basin (Area 4), offshore Mozambique.The project involves the construction of 6 subsea wells connected to a floating production facility FLNG…
17 November 2016
Siem Offshore Contractors awarded Contract for parts of the Hornsea Offshore Wind Farm Project One
Siem Offshore Contractors GmbH (SOC), a wholly owned subsidiary of Siem Offshore Inc., has been awarded the contract for the transport and installation of parts of the inner array grid cable system for the Hornsea Offshore Wind Farm Project One (HOW01) by DONG Energy Wind Power A/S. The contract award…
17 November 2016
Xodus Wins FEED deal off Romania
Carlyle Group subsidiary contracts services player for Romania’s next offshore field developmentCarlyle Group subsidiary, Black Sea Oil & Gas (BSOG) has awarded the contract for the front end engineering and design (FEED) for two of its gas discoveries off Romania’s east coast to services player Xodus Group. Under the contract,…
17 November 2016
ExxonMobil Declares Liza Find Commercial
First discovery offshore Guyana thought to hold more than 1 billion barrels of recoverable oilExxonMobil has declared its Liza oil discovery offshore Guyana to be a commercial find, the first in the 50-year history of the South American nation.The US supermajor, along with partners Hess and CNOOC subsidiary Nexen, made…
17 November 2016
Petronas Kicks Off First Gas at Kanowit
Petronas has announced that its first floating LNG (FLNG) facility, PFLNG SATU, has achieved its first gas milestone from the Kanowit gas field, which is located offshore Sarawak, Malaysia.The gas was introduced from the KAKG-A central processing platform at the field, and ignited the FLNG unit flare tower at a…
17 November 2016
Snefrid Nord in Statoil sights
Statoil is apparently pushing for a fast-track development of its Snefrid Nord discovery for possible exploitation as a subsea tieback to the Aasta Hansteen field platform in the Norwegian Sea.The state-owned operator has been engaged in preliminary talks with Norway’s Petroleum Safety Authority (PSA) to present its plans to develop…
17 November 2016
Norfolk Swift Completes Full Site Survey at Robin Rigg OSWF
The Norfolk Swift has returned to Lowestoft following completion of a full site Bathymetric survey of Robin Rigg Offshore Windfarm. The contract was awarded to Norfolk Marine Ltd by E.on Climate & Renewables UK in early September 2016. The vessel was mobilised to site from Norfolk Marine’s Lowestoft Yard by…
17 November 2016
KSJV Announces Exciting New Contract on Wheatstone Project
Kentech Australia Pty Ltd is pleased to announce that its LNG focussed joint venture, KSJV, has secured a contract with Bechtel, an international gas service company headquartered in the USA, for the provision of electrical and instrumentation installation services for the downstream portion of the Wheatstone LNG processing facility.Work commenced…
17 November 2016
WorleyParsons awarded EPCM Contract by Qatar Shell for Pearl Gas to Liquids Facilities
WorleyParsons has been awarded a five year Engineering, Procurement and ConstructionManagement (EPCm) services contract for the Pearl Gas to Liquids (GTL) and associated facilities in Qatar. Under the contract, WorleyParsons will provide EPCm services primarily for a portfolio of brownfield projects.The contract will be executed by WorleyParsons Qatar with support…
17 November 2016
MPI Resolution Contracted for a Gearbox Exchange on the Amrumbank West OWF
MPI’s wind turbine installation vessel (WTIV), MPI Resolution, has been contracted by E.ON Climate & Renewables for the first gearbox exchange on the Amrumbank West Offshore Wind Farm. The scope of work includes the exchange of a single gearbox, accommodation and supporting crane duties. Works are expected to be completed…
17 November 2016
EMGS - Contract Extension for Oil Company in Malaysia
Electromagnetic Geoservices ASA (EMGS) is pleased to confirm that a firm contract has been entered into with an oil company in Malaysia. This contract confirms the provisional agreement announced in the stock exchange notice of 1 November 2016. As previously announced, this contract extension is worth approximately USD 8 million.…
17 November 2016
Premier Oil Operations Update
Catcher on schedule for first oil in 2017 with total capex now estimated at $1.7 billion, 24% lower than at sanction; FPSO outfitting continues apace and well delivery remains ahead of prognosis.Tony Durrant, Chief Executive, commented:“Against a challenging commodity price backdrop, Premier continues to deliver operationally. The company is benefitting…
16 November 2016
Lloyd's Register Launches New Decommissioning Service
New decommissioning service launched today by Lloyd's Register helps operators, equity holders, investors and regulators navigate the regulatory and technical complexities of late-life operations and decommissioning to drive significant cost savings, improve project efficiency, reduce risk, and safely decommission assets and facilities.In-depth technical knowledge, cost estimation and determining decommissioning risk…
16 November 2016
Statoil Staring at Korpfjell 'Giant'
Statoil’s promising Korpfjell prospect in the Barents Sea off Norway potentially could be three to four times bigger than the country’s giant Johan Sverdrup field, according to an analyst.The state-controlled explorer intends to drill a first wildcat next year at the prospect in the south-east Barents near the maritime border…
16 November 2016
DNO Inks Iran Field Pact
Norway’s DNO has inked a memorandum of understanding to develop the Changuleh oilfield in Iran in its first move into the Middle East country’s newly reopened oil and gas sector.The Oslo-listed company will carry out a study for development of the field under the preliminary pact signed with state-owned National…
16 November 2016
Vendor Finance Contract Signed with COSL for Jack-up Rig
Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that it has entered into a key vendor financed offshore drilling contract ("Vendor Finance Contract") with COSL Drilling Pan-Pacific Limited ("COSL"), for the provision of a high specification…
16 November 2016
Iemants and Jan De Nul Group to Construct, Install, Ballast and Protect GBFs for the EPCI Kriegers Flak OSS Project in Denmark
In the framework of the Kriegers Flak Offshore Wind Farm, a 600 MW offshore wind farm in the Danish Baltic Sea, together with the Combined Grid Solution interconnector project, Energinet.dk and 50Hertz Transmission GmbH awarded the Joint Venture Iemants – Jan De Nul Group the EPCI contract for 2 Gravity…
16 November 2016
New Zealand Oil & Gas interest in Kupe field
New Zealand Oil & Gas interest in Kupe field New Zealand Oil & Gas has reached agreement to sell its 15 per cent interest in the Kupe gas and oil fields and production station to Genesis Energy for NZ$168 million. The effective date of the transaction will be 1 January…
16 November 2016
Israel Invites Bids for 24 Offshore Exploration Blocks
Israel, on November 15, formally invited bids for 24 new oil-and-gas exploration licences off its Mediterranean coast. Large natural gas deposits have already been found off Israel's Mediterranean coast, and Israel expects the new tender will attract a host of foreign operators, leading to further discoveries. Bids are due by…
16 November 2016
Licence Update - Kish Bank Basin
Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company (the “Company”), today provides an update regarding the Licence located in the Kish Bank Basin, offshore the east coast of Ireland. The Company holds and operates the Licence (100%) which contains the Lower Triassic Sherwood…
15 November 2016
Oil & Gas UK Predicts Progress in Decommissioning
A new report by Oil & Gas UK forecasts a gradual but steady rise in offshore oil and gas decommissioning in the UK and Norway over the next ten years, with activity growing from a market worth over £2 billion in 2015.The report is the first survey of both the…
15 November 2016
Woodside Completes Acquisition of Half of BHP Billitons Scarborough Area Assers
In September 2016, Woodside entered into binding Sale and Purchase Agreements to acquire half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin, located offshore Western Australia.The acquisition has completed successfully for a purchase price of US$250 million and a contingent payment of US$150 million payable upon a positive…
15 November 2016
MeyGen Update - First Power Generation
Atlantis, a global leader in the tidal power sector, is delighted to announce that first power has been produced from the MeyGen project site in the Pentland Firth, Scotland.The turbine, supplied by Andritz Hydro Hammerfest ("AHH"), was successfully installed last week and plugged into the pre-laid cable which connects back…
15 November 2016
New Contract Confirmed for Vessel in Europe
Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, is pleased to confirm that, further to the announcement of a letter of intent on 30 August 2016, the legal documentation for the charter of one of…
15 November 2016
Technip Introduces New Diving Support Vessel Deep Explorer
Technip’s latest newbuild, the diving support vessel (DSV) Deep Explorer, was officially named on Saturday November 12, in Norway. The traditional naming ceremony was held at VARD’s Langsten shipyard. The vessel godmother was Heidi Brovoll-Bø, wife of Knut Bø, President of Technip’s North Sea Canada region.The vessel hull was built…