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25 October 2016
Shell, Statoil See Potential in Brazil
International majors Shell and Statoil on Monday lauded the Brazilian government's shift in tone toward greater competitiveness in Brazil's oil industry, but cautioned the country would need to make good on overtures to open up pre-salt operatorship and address sticking points such as local content to fully develop its resources.Shell…
25 October 2016
Impact Subsea And Unique Group Launch New Generation Of Flooded Member Detection System
A ground breaking underwater Flooded Member Detection (FMD) system has been launched recently by Impact Subsea in collaboration with Unique Group.The ISFMD offers a significant advancement in flooded member detection, providing a new level of clarity in non-destructive testing for the presence of water in underwater structures.For use by divers…
25 October 2016
Pemex Hires CGG for Deepwater Perdido Shoot
CGG said it has been awarded a contract by Pemex to deliver an orthogonal wide-azimuth integrated solution designed to optimize subsalt seismic imaging in deep waters of the Perdido area.A new wide-azimuth survey, covering approximately 10,000 km2, will be acquired perpendicularly over the existing wide-azimuth seismic data acquired by CGG…
24 October 2016
Green Light for Ivar Aasen
AkerBP has been given the green light from the authorities for start-up of its under-development Ivar Aasen field project off Norway that is on track for December.The North Sea field will be exploited using a production platform sitting in a water depth of 110 metres at an estimated cost of…
24 October 2016
Petrobras, Total Forge New Strategic Alliance
Petrobras and Total have penned a new agreement to collaborate on upstream projects as well as gas and power endeavours in Brazil and globally, the companies said.The state-led Brazilian company saw its chief executive, Pedro Parente, sign onto the strategic alliance with Patrick Pouyanne, his counterpart at the French major,…
24 October 2016
DHSS Bags Polarcus Contract
DHSS has signed vessel agency and warehousing contract with Polarcus, the Dubai-based seismic services provider.The multi-year contract includes warehousing and freight forwarding for the entire Polarcus fleet, as well as vessel agency services in all ports of The Netherlands.Wim Schouwenaar, CEO of DHSS, said: “This contract is a milestone for…
24 October 2016
Oceanscan Invests in Tritech’s Gemini Systems
Tritech International Ltd, [Tritech], a Moog Inc. Company, has secured a deal with Oceanscan for the purchase of multiple Gemini 720is and Narrow Beam Imaging (NBI) units from the company’s range of multibeam imaging sonars.The Gemini 720is, an upgrade of the Gemini 720i, was launched in March 2016 and combines…
24 October 2016
Chevron Looks Ahead on Anchor, Tigris
US supermajor moving towards concept selection for two separate deep-water developmentsUS supermajor Chevron is understood to be wrapping up internal concept selection for a pair of potential developments in the deep-water US Gulf of Mexico, eyeing a semi-submersible design for both its Anchor discovery and the multi-field cluster known as…
24 October 2016
Cooper Buys up Santos Assets
Australian producer Cooper Energy has boosted its production and reserves significantly with an A$82 million cash acquisition of compatriot Santos' offshore fields and associated onshore assets in Victoria.The assets include 50% of in the Casino-Henry gas project; 50% interest of the Sole gas field and the Orbost gas plant; 10%…
24 October 2016
Wood Group Wins Multiyear Contract on Hibernia in Canada
Wood Group has secured a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC). The contract will be executed by Wood Group’s Eastern Canada operations, in St. John’s, Newfoundland & Labrador, and has the potential…
21 October 2016
EMGS Secures Atlantic Guardian Reduced Charter Rate Extension
Electromagnetic Geoservices (EMGS) has signed an extended charter agreement for the vessel Atlantic Guardian with North Sea Commander Shipping at new and improved commercial terms. EMGS and the owners have agreed to a reduction of the charter hire rate by approximately 27% and a new 5 year term for the…
21 October 2016
ConocoPhillips 'Stalled' at Eldfisk
ConocoPhillips has reportedly gained an extension of a deadline to deliver a plan for further development of its Eldfisk field off Norway after running into drilling challenges.The US operator has a plan to drill six long-reach wells into the Bravo structure in the northern part of the field but has…
21 October 2016
Philippines Partners Choose to Drill
The joint venture owners of the Galoc offshore oilfield in the Philippines have elected to drill a new appraisal well in early 2017 as a precursor to the phase three field development.The majority owner Nido Petroleum unveiled the plan today, adding that it intends to raise up to A$31.9 million…
21 October 2016
Sea Trucks Wins West Africa IMR Job
Sea Trucks Group said it has been awarded a contract in West Africa by an undisclosed oil company.The contract is for inspection, maintenance and repair, scheduled to start during Q4 2016.The caompany said it will use its multipurpose support DP2 vessel the Jascon 55, a construction barge and a spread…
21 October 2016
Cooper Energy and Santos Sign Third Gas Sales Agreement for Sole Gas Project
Cooper Energy has signed a binding gas sales agreement with Alinta Energy for the supply of gas from the Sole gas field of up to 2 PJ per annum for a minimum of 5 years with provision for a 3 year extension, subject to the parties' agreement. The agreement is…
21 October 2016
Aker Solutions to Acquire Majority Stake in Brazil's C.S.E.
Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda, building on a strategy to expand its services business in key international markets.The agreement includes an option to purchase the remaining 30 percent of the company three years after the expected close of the transaction by…
21 October 2016
Maersk Oil in Talks With Iran Over Oil Fields
Maersk Oil, the oil division of Danish group A.P. Moller-Maersk said on Thursday it had signed a memorandum of understanding with the National Iranian Oil Company (NIOC) to "explore opportunities for future cooperation".Maersk said it could not elaborate further. But NIOC Deputy Head for Development and Engineering Gholamreza Manuchehri told…
20 October 2016
Israel Envisions "Long" Undersea Natural Gas Pipeline To Europe
Israel's Leviathan Gas Reservoir could have profound geopolitical as well as geoeconomic implications for the country, which has been ostracized by its neighbors since its inception in 1948.With over 900 billion cu meters of natural gas off of Israel's coast and some indications pointing to another 2,200 bcm waiting to…
20 October 2016
Julimar Ready for Wheatstone Role
Woodside Petroleum said today it has completed its Julimar offshore gas development in Western Australia and the field is ready to play its part in the Wheatstone LNG project.In its quarterly results, Woodside said all construction and commissioning work for Julimar has been completed on schedule and under budget in…
20 October 2016
Update on Nigerian Investment
MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that PR Oil and Gas Limited, the holder of its investment in OML 113, has now received US$1.2 million from the sale of the first production of oil from the Aje Field, which forms part of…
20 October 2016
N-Sea and BODAC Team Up for UXO Services
Subsea IMR provider, N-Sea, and BODAC UXO have agreed to jointly market and execute marine UXO survey, identification and removal projects across Belgium, the Netherlands, Germany and Scandinavia.In doing so, the two companies believe they will have the capability to offer developers, contractors and operators of offshore windfarms a complete…
20 October 2016
Subsea 7 Bags Atoll Field Contract Off Egypt
UK-headquartered subsea specialist Subsea 7 has been awarded a contract by Pharaonic, for work offshore Egypt in the Atoll field.The contract, which is described as ‘substantial’ putting it in the $150-$300m range, includes the engineering, procurement, construction and installation of more than 40km of rigid pipelines and associated structures for…
19 October 2016
Qatargas, Petronas sign LNG deal
Qatargas has signed a new five-year sale and purchase agreement with the UK subsidiary of Malaysian state giant Petronas covering the supply of 1.1 million tonnes per annum of liquefied natural gas.The Qatari state owned giant said that the deal will run until 31 December 2023 and represents an extension…
19 October 2016
Total Extends Rowan Jack-up Deal
French supermajor Total is holding on to a Rowan Companies jack-up for another eight months with options for a longer extension.The oil giant currently has the Rowan Gorilla V working in the UK North Sea at $175,000 per day, but has extended the deal for eight months firm to July…
19 October 2016
Statoil Gets Ready for Renewables Drive
Norwegian player Statoil has set a new strategy aiming to pave the way for an easy transitioning towards a low carbon future with renewable energy integration.Statoil’s chief executive Eldar Saetre said during the Oil & Money conference in London that, as the Paris Agreement is set to enter into force…
19 October 2016
Imaging a New Exploration Frontier
CGG has a wealth of advanced imaging experience and expertise in the Gulf of Mexico on both sides of the border. This track record ranges from the industry’s first wide-azimuth (WAZ) surveys and CGG’s four-year program with Pemex in the deep offshore Mexican Gulf, to its state-of-the-art StagSeis™, full-azimuth, long-offset…
19 October 2016
IHC Wins Culzean FSO Equipment Order
Royal IHC has signed a new contract for the engineering, procurement and construction of a tandem mooring and offloading system for an FSO vessel (floating, storage and offloading).The offloading system will be placed on the FSO vessel on behalf of Sembcorp Integrated Yard in Singapore.The vessel will be owned and…
18 October 2016
Aker BP Gets Langfjellet Appraisal Nod
Aker BP has secured permission to drill another appraisal well on its recent Langfjellet oil discovery in the Norwegian sector of the North Sea.The company, formed by the recent merger between Det Norske Ojleselskap and BP Norge, will use the ultra-harsh environment jack-up Maersk Interceptor to drill well 25/2-18B on…
18 October 2016
Armada Olombendo FPSO Vessel Ready to Sail to Block 15/06, Offshore Angola
Eni announces that the naming ceremony of the “Armada Olombendo” floating production, storage and offloading (FPSO) vessel was held today in Singapore. The FPSO shall operate in Block 15/06, offshore Angola, for the East Hub Development Project. The vessel will soon be ready to sail to its final destination where,…
18 October 2016
Faroe Petroleum announces oil and gas discovery at the Statoil-operated Njord North Flank exploration Well and Side-track
JV partner Faroe Petroleum has announced an oil and gas discovery at the Statoil-operated Njord North Flank in the Norwegian Sea (Faroe 7.5%). The well and side-track - NF-2 and NF3 - are located approx. 6 kms to the north of the Njord production facility (Faroe 7.5%). The NF-2 exploration…
18 October 2016
JDR Announces New European Service Support Centre in Newcastle
Located on the River Tyne, the 4000 square metre facility including workshop, warehouse and state-of-the-art offices, will act as the central base for JDR’s UK and European service operations. Housing up to 50 staff, the centre will be able to coordinate JDR’s service activities in the Middle East and Asia…
18 October 2016
Canacol Energy Tests Trombon-1 Discovery at 26 mmscfpd
Offsetting the Nispero 1 gas discovery that Canacol announced in late August 2016, the Trombon 1 exploration well was spud on the Esperanza E&P contract on September 13, 2016. The well reached total depth of 10,360 feet measured depth (“ft. md”)in sixteen days. The well encountered 26 ft. md (21feettrue…
18 October 2016
Interim Well Update
Hurricane announces that the 205 21a-7Z well (the "Horizontal Sidetrack Well") has achieved a sustainable flow rate using an Electrical Submersible Pump of 14,500 stock tank barrels of oil per day with no produced formation water. The flow rate was constrained by the test equipment.The Horizontal Sidetrack Well will be…
17 October 2016
Polarcus signs MOU for multi-client collaboration and vessel agreement with TGS
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has entered into a memorandum of understand ("MOU") to collaborate with TGS-NOPEC Geophysical Company ASA ("TGS") to jointly develop selected 3D multi-client projects. New projects taken under the collaboration agreement will be announced separately as…
17 October 2016
InterMoor Wins Single Point Mooring Work for New Pertamina Refinery Loading Terminal
InterMoor, an Acteon company, has been awarded a Single Point Mooring (SPM) installation from PT Pertamina in Indonesia.The work is part of a contract for engineering, procurement, construction, installation and commissioning of Subsea Pipe Line (SPL) and Single Point Mooring (SPM) awarded to a consortium comprised of Indonesian EPC company…
17 October 2016
South Arne Gets 20-year Extension
US operator Hess and its partners at the Danish South Arne field have received the go-ahead to keep the oil field pumping until 2047.Danish authorities have approved an application from Hess and partners Dong E&P and Danoil to extend licence 7/89 by 20 years from the previous expiry in 2027.The…
17 October 2016
Oceaneering Completes Acquisition of Blue Ocean Technologies, Expanding Subsea Services into Riserless Light Well Intervention
Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that it has acquired the assets of Blue Ocean Technologies, LLC (“Blue Ocean”), a privately held provider of riserless light well intervention (“RLWI”) services, for approximately $30 million in cash. Included in the acquisition are three RLWI systems, two of which are currently…
17 October 2016
McDermott’s DLV 2000 Gears Up for Ichthys Subsea Work
McDermott’s DLV 2000 vessel has left Port of Broome on Sunday, heading to the Ichthys LNG project to undertake subsea installation work.McDermott secured work on Ichthys for its 184-meter-long vessel in February this year.The scope of work for the vessel includes lifting several Subsea Distribution Units that will provide the…
17 October 2016
Total in New Martin Linge Find
Total has made a satellite discovery of gas and condensate to the north-east of its under- development Martin Linge field off Norway.The 30/4-3S well drilled by the jack-up Maersk Intrepid found between 2 million and 11 million cubic metres of resources in three formations - Tarbert, Ness and Etive -…
17 October 2016
Daewoo Posco to Pre-qualify Players for Shwe FEED
South Korean oil company Daewoo Posco will soon hit the market with pre-qualification documents covering a front-end engineering and design contract for the second phase of its flagship Shwe gas project, 70 kilometres off Myanmar’s Rakhine-Arakan coast.The second phase of the Shwe project involves development of the Mya South and…
17 October 2016
Construction of Research Ship Sir David Attenborough to Officially Begin
Construction of the polar research ship Sir David Attenborough, which will explore the deepest waters of the Antarctic, is due to start on Monday with the laying of the vessel’s keel in Merseyside.A competition to name the ship caused controversy earlier this year when voters overwhelmingly backed Boaty McBoatface, only…
17 October 2016
Johan Sverdrup: Contract for Mongstad Terminal Upgrade
Aker Solutions has been awarded the contract for upgrading the Mongstad terminal for Johan Sverdrup oil from late 2019.Its value estimated at NOK 350 million, the contract includes engineering, procurement and the construction of a pig receiver for the oil export pipeline from Johan Sverdrup.In addition, the scope of work…
14 October 2016
Sea Trucks Lands Tullow Jubilee Work
Dutch offshore contractor Sea Trucks Group has won a deal from Tullow Oil to support work at the operator’s trouble-hit floater on the Jubilee field off Ghana.Sea Trucks will provide heavy-lift and accommodation support services for the Kwame Nkrumah floating production, storage and offloading unit on the producing field.The DP3…
14 October 2016
Kashagan Pushing for 370,000 bpd
Partners at the giant Kashagan oilfield development in the Caspian Sea are pushing for 370,000 barrels per day of output by the end of the year as the first crude export has been completed, Italian major Eni said.The 16.81% partner in the Kazakhstan development confirmed on Friday news that surfaced…
14 October 2016
Technip Awarded a Subsea Contract in Malaysia
Technip has been awarded a subsea contract by PETRONAS Carigali Sdn Bhd, (wholly owned subsidiary of PETRONAS), for the Samarang Redevelopment Project Phase 2 EOR, in Malaysia.Under this contract, Technip will manage the engineering, supply, construction, installation and commissioning (EPCIC) of flexible pipelines, with diameters ranging from 4” to 6”,…
14 October 2016
Leader Emerges in Mad Dog 2 Semisub Race
One Asian shipyard is believed to have pulled into the lead in the race to build BP’s Mad Dog 2 semi-submersible production platform in the US Gulf.Industry sources said the UK supermajor has been carrying out an exhaustive tender involving yards throughout Asia and the US but is thought to…
14 October 2016
Prysmian Bags Rentel OWF Cable Deal
Prysmian Group has been awarded a contract, worth up to EUR 13 million, by Tideway B.V. for the Rentel offshore wind farm project.The Rentel wind farm is located approximately 34 km from the Port of Zeebrugge and approximately 40 km from Oostende off the Belgian coast.It will consist of 42…
13 October 2016
Cue Energy Farms Out North West Shelf Gas Prospect to BP
Cue Energy Resources Ltd (ASX: CUE) is pleased to advise that its 100% owned subsidiary, Cue Exploration Pty Ltd, has executed agreements with BP Developments Australia Pty Ltd (BP) for BP, subject to government approval and completion of standard due diligence, to acquire equity in the 100% Cue owned North…
13 October 2016
CGG Awarded Multi-Client Projects Offshore Mozambique
CGG announced today that it has been awarded an extensive multi-client program by the Instituto Nacional de Petroleo (INP) to acquire seismic data offshore Mozambique. The multi-survey program is designed to improve industry insight into the region’s geology and provide oil and gas companies with a greater level of understanding…
13 October 2016
Maersk Oil Awards Five-Year Agreement to Lloyd's Register
Maersk Oil has awarded a long-term contract to Lloyd's Register for a comprehensive suite of asset integrity services to support the development of Maersk Oil’s offshore operations in an efficient, safe and environmentally responsible manner.Lloyd's Register will provide support in key areas of operational risk – change management, contractor management,…