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20 September 2016
Akastor ASA: Akastor and Mitsui Create Joint Venture
Akastor ASA (OSE: AKA), an oil service investment company, announced today that it has signed a Heads of Agreement with MITSUI & CO., LTD, a leading Japanese trading and investment company, and its Japanese partner ("Mitsui"), to create a joint venture with 50/50 ownership between AKOFS Offshore AS ("AKOFS") and…
20 September 2016
MedcoEnergi and ConocoPhillips Sign Share Sale and Purchase Agreement for South Natuna Sea Block B
PT Medco Energi Internasional Tbk (“MedcoEnergi" or the “Company”) has signed a share Sale and Purchase Agreement (“SPA”) to acquire ConocoPhillips Indonesia Inc. Ltd. (“CIIL”) and ConocoPhillips Singapore Operations Pte. Ltd. (“CSOP”), both subsidiaries of ConocoPhillips (“COP”).CIIL is the Operator of the South Natuna Sea Block B PSC (“SNSB”) with…
20 September 2016
Pre-sanction Development Projects
Njord Future Project Following the planned shut-in of the Njord and Hyme fields in June 2016, the Njord A and B facilities were successfully towed to shore, on time and on budget, to strengthen the facility and modify the topsides in order to extend the life and accommodate the Snilehorn…
20 September 2016
Statfjord Passing Historic 5 Billion Barrels
On Monday 19 September minister of petroleum and energy Tord Lien together with Statoil, Centrica and ExxonMobil celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979.he minister got the honour of filling the barrel, which was decorated in golden colour for the occasion.“The…
19 September 2016
Red Marine Adds to its Subsea Clamp Portfolio
A leading North East engineering powerhouse – Red Marine – has successfully delivered a Subsea Clamp Handling System to a US based provider of subsea riserless light well intervention services.Working to a tight deadline, Red Marine delivered the fast-track project in just eight weeks from initial consultation through to commissioning…
19 September 2016
Winner Nears in CNOOC’s Wenchang 10-3 race
China National Offshore Oil Corporation (CNOOC) is understood to be closing in on a decision to award a key contract to provide subsea equipment for the Wenchang 10-3 gas field in the western part of the South China Sea.Sources said that CNOOC — headed by chairman Yang Hua — appears…
19 September 2016
Strainstall Provides Mooring Monitoring for Hywind Project
Strainstall, a part of James Fisher and Sons, has been awarded a contract to provide mooring monitoring for the Hywind pilot park – the world’s first floating offshore wind farm.The contract with MacGregor will provide an integrated offshore mooring solution for the floating turbines.The Hywind pilot park off the coast…
19 September 2016
Powering up for Subsea Compression
Many years in the works, subsea gas compression technology made its commercial debut off Norway last year, first at Statoil’s Aasgard field and, just months later, in a system for wet gas compression at the Gullfaks development.By placing the boosting equipment on the seabed, closer to the subsea wells, Statoil…
19 September 2016
March Lease Sale to Offer All Available Acreage in the Central Gulf of Mexico
As part of the Obama Administration’s continued commitment to safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced the bureau will offer approximately 47 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a lease…
19 September 2016
Ghanaian Tano Basin Acreage Negotiations
The directors of Clontarf (AIM: CLON) are pleased to advise shareholders that, further to our announcement of 7th September 2016, Clontarf and its partners have been offered revised Tano Basin acreage coordinates by Ghanaian officials, which we have accepted in principle. Negotiations to formalise a revised Petroleum Agreement between the…
19 September 2016
Ground-breaking Ceremony and Symbolic Cable Pulling for NordLink
Today, the project partners TenneT, Statnett and KfW (represented by KfW IPEX-Bank) have carried out the ground-breaking ceremony for the construction of the German con-verter station for the NordLink subsea cable project and a symbolic cable pulling together with the Schleswig-Holstein Minister of Energy, Robert Habeck, the Norwegian ambassa-dor, Elisabeth…
19 September 2016
Block Offer 2017
Consultation has begun on proposed areas nominated for Block Offer 2017Each year, the government runs the Block Offer, in which companies are invited to tender for permits to explore for oil and gas in a specific area. This helps the government decide when and where areas are made available for…
16 September 2016
Maersk Supply Service Scores North Sea Decom Work
Maersk Supply Service has been awarded a contract to provide decommissioning services for the Janice subsea field in the North Sea for Maersk Oil UK.Maersk Supply Service will assume responsibility for engineering, project planning and managing the scope of the subsea decommissioning.“With the award of the Janice contract we are…
16 September 2016
Fortuna Project Update
In Equatorial Guinea, Fortuna is now a low cost upstream project, “technically ready” for FID and we are constructing a value chain that offers potentially the most cost-effective greenfield LNG supply available today. Ophir will progress the monetisation of Fortuna in a way that protects Ophir’s balance sheet, that actively…
16 September 2016
Knot Offshore Partners LP Announces Declaration of Option to Extend Bodil Knutsen Time Charter
KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced the following today:The Partnership is pleased to inform that Statoil ASA has declared the last two optional year of the time charter of the vessel Bodil Knutsen on terms according to existing contract. The firm contract period is thus extended from May…
16 September 2016
GE Oil & Gas Awarded Contract by BP for Third Natural Gas Liquefaction Train in Tangguh Expansion
GE Oil & Gas (NYSE: GE) has been awarded a contract to supply gas turbine-driven compressors for a third natural gas liquefaction train for the Tangguh expansion having provided the original equipment for Trains 1 and 2 when the plant was first established. The order for the third train equipment…
16 September 2016
Aker Solutions Wins Troll B Modifications Contract
Aker Solutions secured a contract from Statoil to deliver a compression module for the Troll field in the North Sea to help boost output at one of Norway's key offshore fields.The contract is valued at NOK 370 million and is an option in a front end engineering and design (FEED)…
16 September 2016
Eni Enters Montenegro’s Upstream
Eni signed today a Concession Contract with the Government of Montenegro related to the exploration of four blocks in the country’s offshore. The blocks, covering a total area of 1,228 square kilometers, have been awarded following the First International Competitive Bid Round.The Concession Contract assigns to Eni the role of…
16 September 2016
Nexans to Supply Cables for the World's First 66 kV Offshore Wind Farm
Nexans cable technology has been selected by VBMS for the world’s first 66 kV offshore wind farm. As part of its own contract with EDF Energy Renewables, VBMS will use the Nexans 66 kV inter-array cable system to provide the subsea connection between the offshore turbines and the onshore grid…
16 September 2016
Gas and Oil Discovery Northeast of the Gjoa Field
ENGIE E&P Norge AS, operator of production licence 636, is in the process of completing the drilling of wildcat well 36/7-4. The well proved oil and gas.The well was drilled six kilometres northeast of the Gjøa field and 55 kilometres southwest of Fløro.The objective of the well was to prove…
16 September 2016
BP Drilling Proposal to Undergo Further Assessment
NOPSEMA has advised BP Developments Australia Pty Ltd that it will be taking additional time to assess the company’s environment plan proposing the drilling of the Stromlo-1 and Whinham-1 exploration wells in the Great Australian Bight. NOPSEMA will deliver its next assessment decision for this plan by 29 September 2016.NOPSEMA…
15 September 2016
PEMEX Announces Six New Discoveries in the Gulf of Mexico
Mexico’s state oil company PEMEX says it has discovered six new crude oil deposits in the Gulf of Mexico, two of super light crude in deepwater, and four of light crude in shallow water, according to a Reuters report.PEMEX also plans to drill 30 exploratory wells in 2017, it said…
15 September 2016
Veja Mate Offshore Project Installs OSS
Veja Mate Offshore Project is pleased to announce the installation of its Offshore Substation (OSS) delivered by FICG. Just last week the OSS topside left Hoboken Belgium and sailed-away to Eemshaven where it was picked up a few days later by Heerema Marine Contractors (HMC). It joined the OSS jacket…
15 September 2016
Parkmead Increases It's Stake in Major UK Oil Project
Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea. The Perth and Dolphin fields are located across Blocks 15/21a, b, c and f & 14/25a…
15 September 2016
Initial Acquisition and Suspension of Listing
RockRose Energy plc ("RockRose", or the "Company") is pleased to announce that it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK Ltd ("Maersk") to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields. Any potential transaction…
15 September 2016
Petrofac Wins Design Contract for Offshore Windfarm
Petrofac has secured a contract from Iberdrola Engineering and Construction UK Limited (IEC) to deliver a detailed engineering design scope to support the next stage of the East Anglia I (EA1) offshore windfarm development.This is Petrofac’s second project on the EA1 development, with its Project Development group having already completed…
15 September 2016
GC Rieber Shipping - Nexans exercises option on Polar King
Reference is made to stock exchange notice from GC Rieber Shipping 31 March 2016 concerning an 8.5 months firm contract with Nexans Skagerrak AS for the CSV Polar King.The contract provides Nexans with options for extension, and Nexans has now declared the 13 months option of extension effective from September…
15 September 2016
Minor Oil Discovery Near the Vega Field in the North Sea
The wells were drilled about five kilometres southeast of the Vega field in the North Sea and 100 kilometres southwest of Florø.The primary and secondary exploration targets for well 35/11-20 S were to prove petroleum in Late Jurassic reservoir rocks (intra Heather formation sandstone).The well did not encounter reservoir rocks…
15 September 2016
Kvaerner Awarded More Njord Work
Statoil has made a call-off from the framework agreement for upgrading of the Njord A semi-submersible platform, which includes preparations and docking of the platform. The call-off has an estimated value of NOK 350 million.14 September 2016 - Statoil has made a call-off from the framework agreement for upgrading of…
14 September 2016
Ecosse Wraps Up 2nd Seabed Clearance on Race Bank OWF
Ecosse Subsea Systems (ESS) has completed second seabed clearance project on behalf of DONG Energy on the Race Bank offshore wind farm.ESS cleared more than 3000 boulders at the wind farm site, located off the Norfolk and Lincolnshire coast.Race Bank will consist of 91 turbines of 6MW each and generate…
14 September 2016
Brasse on Fast-Track at Faroe
Faroe Petroleum has its foot on the accelerator to fast-track development of its Brasse discovery off Norway and is on the lookout for a heavyweight partner to bring the project to fruition, with first oil targeted in 2019.The London-listed operator is currently screening concepts that could entail a subsea tieback…
14 September 2016
SMD Wins Contract for Supply of Quasar MKII System
Shanghai Salvage Company (also known as China Offshore Engineering Shanghai, Co), a state owned entity who have a long history in diving and salvage have signed an order with SMD for a Quasar MKII 6000m remotely operated vehicle (ROV). Scheduled for delivery in the first half of 2017, the system…
14 September 2016
Neptune Wins Frame Agreement with Repsol Sinopec Resources UK
Neptune, a leading provider of specialist engineered solutions and equipment, integrated inspection, repair and maintenance solutions to the energy industries, has won a framework agreement with Repsol Sinopec Resources UK (Repsol Sinopec). The deal will see Neptune supply a range of ad hoc engineering and manufacturing services on behalf of…
14 September 2016
Nexans Umbilicals to Make Essential Subsea Connection for BP and DEA in Egypt’s West Nile Delta Project
Nexans has further extended its long run of success with BP oil & gas projects by winning a major contract to supply approximately 100 km of umbilicals for the next stage of the West Nile Delta project.Paris, September 13, 2016 - BP Exploration (Delta) Limited, UK has ordered approximately 100…
14 September 2016
Bualuang Water Debottlenecking Project Completed
Production was restarted on 2 September, after a 10 day shutdown, at the Bualuang field in the Gulf of Thailand on completion of the final tie-in work of a water debottlenecking project. This was a highly complex brownfield project as work to upgrade the facilities was conducted over the last…
14 September 2016
Considerable Johan Castberg Spin-offs
Statoil’s proposed impact assessment programme for the Johan Castberg project reveals that the project will be important to Norwegian industry and have strong ripple effects.Statoil has today, as operator for the Johan Castberg project, distributed a proposed impact assessment programme for the largest field yet to be developed on the…
14 September 2016
Vattenfall Wins Danish Near Shore Wind Tender
Today it was announced that Vattenfall has won the Danish Near Shore Wind Tender (DNS). September 1st , Vattenfall submitted the final bid for the two sites Vesterhav Syd and Vesterhav Nord and the outcome of the tender is based on Vattenfall delivering the lowest bid of 0,475 kr/kWh. Prior…
14 September 2016
Anadarko Announces $2 Billion Property Acquisition
Anadarko Petroleum Corporation (NYSE: APC) announced today it has entered into a definitive agreement to acquire the deepwater Gulf of Mexico assets of Freeport McMoRan Oil & Gas for $2.0 billion. The transaction, effective Aug. 1, 2016, is expected to close prior to year end.TRANSACTION HIGHLIGHTSDoubles Anadarko's ownership in the…
14 September 2016
Statoil Awarding Contract for Offshore Supply of Provisions
Statoil has awarded Kraemer Maritime AS a contract for supply of provisions to the company’s installations on the Norwegian continental shelf, taking effect on 1 January 2017. The estimated contract value is around NOK 230 million per year.The contract period is four years with an option for three two-year extensions.…
14 September 2016
Aker Solutions, Det Norske and Subsea 7 Form Development Alliance in Norway
Aker Solutions, Det norske oljeselskap and Subsea 7 agreed on a "one for all, all for one" collaboration model that marks a major shift in how an operator and its suppliers can work together on oil and gas developments offshore Norway.The alliance combines Det norske's exploration and production know-how with…
12 September 2016
Valhall Drilling 'Set For Restart'
BP is reportedly set to restart production drilling on its Valhall field off Norway in early 2017 after a suspension of more than two years due to cost-cutting by the UK supermajor.Archer will resume work under its existing contract that was put on hold in the first quarter of 2015,…
12 September 2016
First Delivery of Liquefied Natural Gas (LNG) from the Gorgon LNG Project
Tokyo Gas Co., Ltd. today received a shipment of liquefied natural gas (hereinafter “LNG”) produced by the Gorgon LNG project operated in Western Australia by Chevron at the Tokyo Gas Ohgishima LNG Terminal in Yokohama City, Kanagawa Prefecture.The Gorgon LNG project can produce an annual 15.6 million tons of LNG.…
12 September 2016
Eni Boosts Nooros Output
Italian major Eni has further boosted production from its Nooros field in Egypt and continues to plan more wells to continue the growth.Eni has reached a production from the field in the Nile Delta of 128,000 barrels of oil equivalent per day, of which 67,000 boepd is net to Eni.“This…
12 September 2016
ExxonMobil, Oil Search Take PNG Stake
Supermajor ExxonMobil and independent Oil Search have taken stakes in two deepwater licenses offshore Papua New Guinea, in the southwest Pacific. The move will see the two firms each take a 40% stake in the PPL 373 and PPL 375 licenses from Gini Energy, which is owned China's CNOOC. Gini…
12 September 2016
Partnering with Atlantis on MeyGen Tidal Array.
JFMS signs a significant 5 year preferred O&M supplier agreement with Atlantis for the provision of integrated marine and subsea services.James Fisher Marine Services (JFMS), the industry leader in marine energy installation projects and part of James Fisher and Sons plc, has been granted preferred supplier status for a 5-year…
12 September 2016
WA-488-P Giant Beehive Prospect Farmout Update
MEO Australia Limited (“MEO”) (ASX: MEO) provides the following update for the farmout process for WA-488-P (MEO 100%) containing the giant Beehive prospect.Following conclusion of the recent successful seismic reprocessing and inversion project which has reinvigorated interest from major players, MEO commenced a farmout process to secure funding partners to…
12 September 2016
Industry Interest in Decommissioning Opportunities Evident at Share Fair Spotlight
Three companies currently involved in decommissioning projects made it clear to a capacity audience at a specialist Share Fair, organised by Oil & Gas UK’s Efficiency Task Force yesterday (September 8), that there are business opportunities available now for enterprising firms ready to take on the efficiency challenge and contribute…
12 September 2016
Main Power Generation Start-up on Ichthys Two Offshore Facilities
The INPEX-led Ichthys LNG Project has reached a key milestone with both its Central Processing Facility (CPF) and Floating Production, Storage and Offloading (FPSO) facility safely starting up their main power generators in the South Korean shipyards where they are being constructed. Today, in the Samsung Heavy Industries shipyard in…
12 September 2016
Russia to Sign TurkStream Pipeline Deal with Turkey in October
Russia plans to sign an agreement with Turkey next month on the implementation of the Turkish Stream gas export pipeline project, Russian Energy Minister Alexander Novak was quoted as saying on Saturday."The inter-governmental agreement and road map are currently being reconciled, the process of agreeing on the final text is…
12 September 2016
Goliat Still Shut Down
A meeting on Goliat was held by the Petroleum Safety Authority Norway (PSA) today with Eni Norge’s management. The latter has decided that this field will remain shut down until measures are implemented and management and workers agree its platform can be operated prudently.Operator Eni Norge briefed the PSA at…