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24 August 2016
Norwegian Petroleum Directorate will enter into Framework Agreements in Technology
The Norwegian Petroleum Directorate (NPD) has announced a tender competition to supplement its technological expertise and capacity, with the intention of becoming even more of a driving force in the development of discoveries and improved recovery measures from producing fields.The tender competition is intended for external companies with relevant expertise.…
24 August 2016
Panoro Energy Announces Second Quarter 2016 Results and Provides Operations and Corporate Updates
Oslo, 24 August 2016 - Panoro Energy (“the Company” or “Panoro” with OSE Ticker: PEN) today announces the second quarter 2016 financial results and provides the following updates:First oil production at Aje, offshore Nigeria commenced in May 2016First lifting and sale of crude scheduled for September 2016Near term production anticipated…
24 August 2016
Cluff Natural Resources Plc Interim Results and Resource Update
Cluff Natural Resources Plc, the AIM quoted natural resources investing company, is pleased to announce its interim results for the six months ended 30 June 2016 and an update regarding a potentially significant increase to the prospective resources of its Southern North Sea gas prospects. more
23 August 2016
JV Vietsovpetro Increases the Industrial Capacity of the Ca Tam Field Offshore Vietnam
JV Vietsovpetro, a joint venture between Zarubezhneft and PetroVietnam, successfully continues the exploration of the Ca Tam field offshore the Socialist Republic of Vietnam.During the tests of only the first exploration object well CT-4X , Block 09 / 3-12, a water-free flow of oil with production rate of 650 m3/day…
23 August 2016
Consent to Remove the Yme facility
The NPD has granted its consent for the licensees in production licences PL 316 and PL 316B to remove the production facility on Yme. The field is operated by Repsol.The Yme field, which is located in the North Sea, has been developed with a mobile production unit (MOPU).
23 August 2016
GE Bags ONGC Wellhead Deal
GE Oil & Gas has been awarded a multi-million dollar frame agreement by Oil and Natural Gas Corporation Limited (ONGC).Under the agreement, GE will provide an estimated 55 subsea wellheads over next three years for the operator’s offshore drilling campaign, in shallow to medium waters offshore India.Ashish Bhandari, CEO-South Asia…
23 August 2016
Statoil takes 70% Ownership and becomes Operator for UK licence P.2170
Statoil has signed a Sales and Purchase Agreement (SPA) with Jersey Oil and Gas plc and CIECO Exploration and Production (UK) Limited to acquire 70% ownership and operatorship for the P.2170 licence on the UK Continental Shelf (UKCS).P.2170 lies in the Buchan Graben in the Outer Moray Firth region, an…
23 August 2016
Material 14% Increase in SNE Field Contingent Recoverable Oil Resources
2C contingent oil resources contained in the SNE field offshore Senegal have increased by 14% to 641 mmbbls (100% basis, recoverable, unrisked).A new, updated Independent Resources Report for FAR Ltd (ASX: FAR) on the SNE oil field has been completed by RISC Operations Pty Ltd (“RISC”) following the drilling of…
23 August 2016
Proposed Conditional Sale of ConocoPhillips Interest in Senegal
As duly reported in prior public statements by ConocoPhillips and Woodside, ConocoPhillips hasconfirmed to FAR Ltd (ASX:FAR) that it has a right of pre-emption over the proposed sale ofConocoPhillips interests in Senegal to Woodside Petroleum Limited.FAR advises that, in its opinion, and as supported by legal advice, ConocoPhillips has failed…
23 August 2016
Erskine Operational Update
Serica Energy plc provides the following operations update:As previously announced, production from the Erskine field (Serica 18%) restarted on 27th July following a prolonged period to clear a blocked pipeline and undertake planned maintenance on the Lomond platform which provides treatment and export facilities to Erskine.In line with earlier statements,…
22 August 2016
Malaysia's Perisai gets Six Months Charter Extension for FPSO Perisai Kamelia
Perisai Petroleum Teknologi Bhd reported Friday that Hess Exploration and Production Malaysia B.V. and Larizz Petroleum Services Sdn Bhd agreed to extend the charter for a floating production, storage and offloading (FPSO) facility now operating in the North Malaysia Basin, offshore Peninsular Malaysia for six months.Under the extension, FPSO Perisai…
22 August 2016
Tullow Oil to sell off Norwegian licenses, lay off 50
Independent oil exploration and production company Tullow Oil has decided to sell its exploration and development licenses in Norway and exit the country due to a challenging market. This means that the company will shut down its Norwegian office and lay off around 50 employees.The company’s spokesperson told Offshore Energy…
22 August 2016
Israel Announces First Offshore Energy Exploration Licensing Round, IHS Markit Says
The Israeli Ministry of Infrastructures, Energy and Water Resources (MIEWR), the government agency responsible for overseeing all petroleum-related activities in Israel, plans to host a road show in September 2016 for promotion of the country’s first offshore energy licensing round, IHS Energy said today.IHS Energy is part of IHS Markit,…
22 August 2016
Cornerstone Laid in Sassnitz for the Arkona Offshore Wind Farm
The Arkona offshore wind project in the German Baltic Sea has moved from the planning to the construction phase. The cornerstone for the joint project being carried out by E.ON and Statoil was laid today (August 18) in Sassnitz on the island of Rügen. The symbolic act was attended by,…
22 August 2016
Studies on Iran-Oman Gas Pipeline Underway
It was only recently that Minister of Oil and Gas HE Mohammed Bin Hamad Al Rumhy said the two countries had agreed to change the route and design of the undersea pipeline, avoiding under the control of the United Arab Emirates.The pipeline is to connect Iran’s gas reserves with Sultanate’s…
22 August 2016
Europa Oil & Gas (Holdings) plc Technical Update on Licensing Option 16/22, Offshore Ireland
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to provide detailed technical information on the recently awarded Licensing Option (‘LO’) 16/22. Europa has a 100% interest in, and is operator of, seven icences in the Atlantic…
22 August 2016
Sembcorp Marine Acquires LMG Marin AS
Sembcorp Marine Ltd (the “Company”) is pleased to announce that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has entered into a sale and purchase agreement with its existing shareholders to acquire a 100% equity stake in LMG Marin AS (“LMG”) for US$20 million (the “Acquisition”).LMG is a…
22 August 2016
Woodside Records Half-year Profits of $340m; Production up 9% with Unit Production Costs 38% lower
Woodside has recorded a half-year reported net profit after tax (NPAT) of US$340 million, underpinned by production of 45.9 MMboe, 9% higher than 1H 2015. Operating revenue for the period was US$1.9 billion.Half-year reported NPAT was 50% lower than for 1H 2015 mainly due to lower prices, with benchmark oil…
22 August 2016
Emerson Signs Agreement to Acquire Valves & Controls Business from Pentair
Emerson today announced it has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.“This acquisition delivers on…
22 August 2016
Nord Stream AG Completes Annual Maintenance on Twin Gas Pipeline System
Nord Stream AG successfully conducted annual maintenance work on its twin gas pipeline system between August 9 and 17, 2016 with a temporary shutdown of both lines. Gas transmission from our Russian upstream-partner will resume by August 18, 2016, when the full capacity of the pipeline system will again be…
22 August 2016
Completion of the Skipper Appraisal Well
Independent Oil and Gas plc ("IOG" or the “Company”), the development and production focused Oil and Gas Company, is pleased to announce the completion of its first operated appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea, of which…
18 August 2016
Sapura Rubi Starts Work for Petrobras
Petrobras has stared work off Brazil with its sixth and final flexible pipelaying support vessel from Sapura Navegacao Maritima.The PLSV Sapura Rubi began working for the Brazilian state-controlled oil giant on 14 August, part owner SapuraKencana Petroleum said.The 550-tonne unit joins sister vessels Sapura Diamante, Sapura Topazio, Sapura Onix, Sapura…
18 August 2016
Helix Delivers First Riser-Based Coiled Tubing Intervention
Aberdeen-based UK subsidiary of Helix Energy Solutions, Helix Well Ops UK has completed the industry’s first riser-based coiled tubing intervention project from a mobile offshore drilling unit (MODU) class light well intervention vessel (LWIV).The project was conducted from the company’s vessel Well Enhancer.Launched in 2009, the 132-metre long vessel was…
18 August 2016
Sparrows and SPIE Partner Up
Sparrows Group and SPIE Oil & Gas Services have signed a global agreement to work in collaboration to support the energy sector.The deal should see the companies work together to initially deliver their collective service offering throughout Africa before they expand the scope of their collaboration globally.Stewart Mitchell, chief executive…
18 August 2016
MMHE & EPIC Form a Joint Venture Company
Malaysia Marine and Heavy Engineering Sdn Bhd (“MMHE”), a subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”), and Eastern Pacific Industrial Corporation Berhad (“EPIC”) have executed a joint venture (“JV”) agreement to establish a JV Company known as MMHE EPIC Marine & Services Sdn Bhd. The principal objective…
18 August 2016
Offshore Installation Race Bank 02
Last week, the first topside and jacket for the Race Bank offshore wind farm were successfully installed offshore. Iemants and Engie Fabricom are currently building the second topside and jacket for the wind farm. The load-out of this substation is planned for the beginning of 2017. Race Bank is over…
18 August 2016
ACG Celebrates 3 Billion Barrels of Oil Production
15 August 2016 marks a remarkable milestone in the history of the Azeri-Chirag-Deepwater Gunashli fieldOn this day, ACG produced its three billionth barrel of oil since the start of production from the Chirag platform in 1997.“This is a significant milestone for both BP and for Azerbaijan and it is thanks…
18 August 2016
Cypriot Firm Energean to Buy Two Israeli Gas Fields
The partners in Israeli offshore gas fields Tamar and Leviathan have agreed to sell their rights in two smaller fields to Ocean Energean Oil and Gas Ltd for $148.5 million to comply with a government requirement.Delek Group, which has controlling interests in several gas fields in the eastern Mediterranean, is…
18 August 2016
TEN Delivers First Oil on Time and on Budget
Tullow Oil plc is pleased to announce that first oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana, to the FPSO Prof. John Evans Atta Mills.First oil has been reached on time and on budget three years after the Plan of Development was approved by the Government…
17 August 2016
GE Scores Indonesia Decom Work for Premier Oil
GE Oil & Gas subsidiary, PT. VetcoGray Indonesia, has been awarded a field decommissioning contract with Premier Oil Indonesia, to support the shut-down of four subsea wells in the Anoa Field, offshore Indonesia.The trees were among the first to be installed by GE in the Asia Pacific region in the…
17 August 2016
IOG Recovers oil in Skipper Probe
Independent Oil and Gas plc ("IOG" or the “Company”), the development and production focused Oil and Gas Company, is pleased to provide the following update on the drilling of the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea,…
17 August 2016
Siccar Point Energy Acquires Interest in the Greater Mariner Area
Siccar Point Energy, a joint venture owned by Blue Water Energy andfunds managed by Blackstone Energy Partners (“Blackstone”), announced the acquisition of an 8.9% interest in the Greater Mariner Area from JX Nippon Exploration and Production (U.K.) Limited. This acquisition is the first since Siccar Point Energy was launched in…
17 August 2016
Paradigm Flow Services Announces its Largest-ever Malaysia Contract
A leading oil and gas services company has announced that it has secured its largest-ever contract in Malaysia.Aberdeenshire-based Paradigm Flow Services has just landed the contract which will involve its React Locate Remediate (RLR) umbilical unblocking technology being deployed in a deepwater setting for an international operating company.This recent addition…
17 August 2016
SNEPCo Breaks New Ground With In-country Subsea Tree Refurbishment Project
Shell Nigeria Exploration and Production Company (SNEPCo) achieved significant savings in the cost of subsea equipment through an initiative which has seen the refurbishment of five Subsea Trees in-country led by Nigerian engineers.A Subsea Tree is an arrangement of valves and other components installed at the wellhead to control and…
17 August 2016
World’s Largest Windfarm Receives Planning Go-ahead
The world’s largest offshore windfarm, Hornsea Project Two has received development consent from Business and Energy Secretary Greg Clark.When complete, the windfarm will deliver up to 1,800 megawatts of low carbon electricity to around 1.8 million UK homes.The windfarm would create up to 1,960 construction jobs and 580 operational and…
16 August 2016
FMC Technologies ROVs for DOF Subsea
FMC Technologies has secured a contract with DOF Subsea for two new remotely operated vehicles (ROVs).According to the company, the HD and UHD-III ROVs will be delivered by FMC Technologies’ Schilling Robotics business line in December 2016.These ROVs will be utilized by DOF Subsea for its inspection, maintenance and repair…
16 August 2016
Fugro Support TOTAL's Ultra-Deep Water Campaign with ROV Services
Fugro has been awarded a contract by Total E&P Uruguay B.V. to support its drilling campaign offshore Uruguay.The contract provides for ROV and tooling services in the Raya-1 field in 3,400 metres water depth. Fugro is supplying two state-of-the-art 200hp FCV 4000D work-class ROV systems and subsea tooling, which are…
16 August 2016
Mitra to Acquire 30% Working Interest in Blocks 05-1B And 05-1C Offshore The Socialist Republic of Vietnam
Mitra Energy Inc. (TSXV: “MTE”) (“Mitra” or the “Company”) is pleased to announce that Mitra Energy (Vietnam 05-1) Pte Ltd (“Mitra 05-1”), a wholly-owned subsidiary of Mitra, as buyer, and Mitra, as guarantor, have signed a definitive Sale & Purchase Agreement (“SPA”) with Teikoku Oil (Con Son) Co., Ltd (“Teikoku”),…
16 August 2016
Statoil Spuds Well Near Njord
Statoil has kicked off drilling of an exploration well at the Njord North Flank 2 prospect targeting more resources near its Njord field off Norway.The 6407/7-9S probe is being drilled by semi-submersible Songa Delta in a water depth of 323 metres in Statoil-operated production licence 107C in the Norwegian Sea.It…
16 August 2016
Wood Group Awarded $700million Contract by Tengizchevroil in Kazakhstan
Wood Group is providing main automation contractor (MAC) services to Tengizchevroil (TCO) for the Future Growth Project-Wellhead Pressure Management Project at the Tengiz Field in Kazakhstan. Wood Group’s vendor- independent Automation & Control business will provide optimal integrated process and safety solutions to TCO under a multi-year contract valued at…
16 August 2016
OGA Exploration Licence Competition Makes Final Awards
The Oil and Gas Authority (OGA) has awarded more than £200,000 in the final stage of its exploration licence competition which was launched earlier this year to stimulate further interest in offshore oil and gas exploration activity in the United Kingdom Continental Shelf (UKCS)Australian privately owned geoscience company FROGTECH, not-for-profit…
16 August 2016
Update on Acquisition of an Interest in the Ula Producing Field
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces an update on the acquisition of its interest in the Norwegian Ula field, part of the package of assets to be acquired from DONG E&P Norge AS (“DONG”).As…
16 August 2016
Emerson Selected by Total for Control and Safety Systems Maintenance Services on Oil and Gas Operations
Emerson (NYSE: EMR) has been selected by Total Exploration and Production Services to provide control and safety system maintenance services that will support Total’s upstream oil and gas operations around the world.The ten-year frame agreement is part of Total’s Integrated Control and Safety Systems standardisation strategy. It is the first…
16 August 2016
Technip and DOF Announce the Delivery of Skandi Açu and Commencement of Contract with Petrobras
Technip and DOF Subsea announce today that through their 50/50 owned affiliate TechDof Brasil AS, they have taken final delivery of the pipe-lay support vessel (PLSV) Skandi Açu. The vessel has been approved for hire by Petrobras and commenced as per commitment at 00h00 on August 13th 2016 its 8-year…
15 August 2016
Daya to Work for Schlumberger in Saudi Arabia
Daya Maxflo, the oilfield service subsidiary of Daya Materials specialised in drilling, well intervention and enhanced oil recovery (EOR) has been awarded a contract by Schlumberger in the Middle East.Namely, a three-year contract, should see Daya Maxflo deliver specialized well services for Schlumberger in Saudi Arabia.According to the company, the…
15 August 2016
Ashtead Supports the Redevelopment of BP’s Quad 204
Ashtead Technology has successfully completed a subsea integrity management project to support BP’s Quad 204 redevelopment of the Schiehallion and Loyal fields, West of Shetland. Ashtead, a leading independent provider of subsea technology and equipment, deployed its new Deflection Monitoring System (DMS), to capture critical data required to safely deploy…
15 August 2016
FAST Underwater Platform Completes Successful Sea Trials
Efforts to understand the unique environmental conditions in the Minas Passage of the Bay of Fundy are moving forward.After a 27-day sea trial, a team comprised of staff at the Fundy Ocean Research Center for Energy (FORCE) working in concert with crew on the Dominion Victory have successfully recovered an…
15 August 2016
Greater Stella Area Development Update
The FPF-1 modifications programme, which has been undertaken by Petrofac in the Remontowa shipyard in Poland, was completed in July 2016. Importantly, all the onshore scope and testing work scheduled for completion in the yard has been completed as planned, avoiding costly carry over of unfinished work offshore. The vessel…
15 August 2016
Sole Gas Project: FEED Near Complete and Foundation Sales Contracts in Place
“Front end engineering and design of the Sole gas project is nearly complete and we are preparing for a final investment decision” said Mr Maxwell.Cooper Energy holds a 50% interest in Sole with the balance held by the Operator, (Santos Ltd). Sole gross Contingent Resources (2C) are assessed to be…
15 August 2016
Eni Talks to Big Oil About Stake Sale in Giant Egypt Gas Field
Italy's Eni is talking to oil companies including Lukoil, ExxonMobil, Total and BP about selling at least a 20 percent stake in its giant gas field in Egypt, industry sources said.Eni owns the whole of Zohr and has said it is interested in bringing in partners as part of its…