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16 June 2016
Global Upstream Investment Slashed by US$1 trillion
Global upstream capital spend from 2015 out to 2020 has been reduced by 22% or US$740 billion. When we include cuts to conventional exploration investment, the figure increases to just over US$1 trillion. The impact of the drop in oil prices on global upstream development spend has been enormous. Companies…
16 June 2016
Bladt Industries Secures Large Order for Jacket Foundations to the Beatrice Offshore Wind Farm
Serial production of jacket foundations continues at Bladt Industries’ facilities, as Seaway Heavy Lifting has awarded Bladt Industries an order for 30 jacket foundations to the Beatrice Offshore Wind Farm. more
16 June 2016
VBMS to Install Inter-array Cables for Horns Rev3 OWF
VBMS has been awarded a contract by Vattenfall Vindkraft A/S for the installation of 33kV inter-array cables for the Horns Rev3 offshore wind farm (OWF).The farm, located in the eastern North Sea off the coast of Esbjerg, Denmark has a planned capacity of 400 MW and will produce the equivalent…
16 June 2016
Lukoil Spuds First Development Well at Filanovsky Field
Today President of PJSC LUKOIL Vagit Alekperov and Governor of the Astrakhan Region Alexander Zhilkin visited Vladimir Filanovsky field in the Caspian Sea where development drilling has just begun. The well is being drilled from an ice-resistant fixed platform (LSP-1).First commercial production at the field is scheduled for the second…
16 June 2016
Chariot Oil & Gas Limited Award of Mohammedia Offshore Exploration Permits I – III, Morocco
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has been awarded a 75% interest and operatorship of the Mohammedia Offshore Exploration Permits I - III (“Mohammedia”),…
16 June 2016
Oil and Gas Discovery at the Brasse Exploration Well and Njord Facility Update
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities in Norway and the UK, is pleased to announce an oil and gas discovery in the Faroe-operated Brasse exploration well in licence PL740 in the Norwegian North Sea (Faroe 50%).Oil and gas discovery…
15 June 2016
Fugro Secures Geotechnical Site Investigation Contract at Holandse Kust (Zuid) Wind Farm Zone
Fugro has been awarded a geotechnical site investigation survey contract for the Hollandse Kust (zuid) Wind Farm Zone. This follows previous contracts awarded earlier this year for geophysical survey and metocean monitoring at the same site. The work will be performed using dedicated geotechnical DP2 vessels from the Fugro fleet.…
15 June 2016
New Contract for Boa Sub C
Technip USA Inc. has awarded a contract to BOA for light construction, heavy lift and possible umbilical lay operations and installations in the Gulf of Mexico for up to 5 months including mobilization and options.The Scope of work will utilize the versatile capacity of the Offshore Construction Vessel Boa Sub…
15 June 2016
Knuckle Boom Cranes Heerema Aegir
Kenz Cranes have been awarded with a contract for the design and production of two knuckle boom cranes for Heerema Marine Contractors. These will be replacing the current knuckle boom cranes on the deepwater construction vessel Aegir. Kenz Cranes will design a 200t active heave compensated knuckle boom crane with…
15 June 2016
Mermaid Charters in DSV for One Year
Vessel to support Mermaid’s Indonesian unit and comes on the back of anticipated continual demand in the South East Asian region for essential subsea services.more
14 June 2016
Diamond Offshore Signs Joint Development Agreement with Trelleborg to Manufacture and Market New Helical Riser Buoyancy Design
This solution is an alternative to adding fairings or strakes to the drilling riser and can reduce deployment time and operating expense. The Helical Buoyancy design also improves safety in challenging environments by eliminating the need for personnel to work below the drill floor to attach a separate apparatus.The "helical"…
14 June 2016
Ichthys Contract for Aqualis Offshore
Marine and offshore engineering consultancy Aqualis Offshore has signed a contract to provide position keeping services for the installation of the Ichthys LNG Project FPSO.Under the contract, Aqualis Offshore will manage the position keeping procedure and provide position keeping masters during the offshore operations. Contract value is undisclosed.Aqualis Offshore will…
14 June 2016
Aquatic and James Fisher Alliance off to Successful Start in Americas with Ocean Installer
Aquatic Engineering & Construction Ltd., an Acteon company, and recent alliance partner James Fisher Offshore Ltd (JFO), have completed their first global collaboration project for Ocean Installer Texas Inc. in the Gulf of Mexico (GOM).The project scope includes recovery and reinstallation of moorings lines on a GOM production facility in…
14 June 2016
DONG Energy Awards DEME’s Subsidiary Tideway the Export Cable Installation Contract
Tideway BV, a subsidiary of the Belgian dredging, environmental and marine engineering group DEME, announced with pride that the company has been awarded a Design and Build cable installation contract by DONG Energy for the world’s largest offshore wind farm, Hornsea Project One. Tideway will deploy DEME’s newest DP3 vessel…
14 June 2016
New Contract for the Viking Poseidon in the Offshore Wind Market
Eidesvik has been awarded yet another support vessel contract from Siemens Wind Power to support their operations in the German sector. Contract commencement will be in June this year.The Viking Poseidon will commence on a contract for Siemens Wind Power with estimated duration for 3-5 months including options. This is…
14 June 2016
Drilling permit for well 7222/1-1 in production licence 226
The Norwegian Petroleum Directorate has granted Eni Norge AS a drilling permit for well 7222/1-1, cf. Section 8 of the Resource Management Regulations.Well 7222/1-1 will be drilled from the Scarabeo 8 drilling facility in position 72°56' 45.94 north and 22°19' 26.18 east in production licence 226.The drilling programme for well…
14 June 2016
Consent for Start-up of Rutil
The Norwegian Petroleum Directorate (NPD) has granted the licensees in Gullfaks (production licence 050) consent to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing.Rutil is a gas-filled structure on Statoil-operated Gullfaks South, located in the Tampen area in the North Sea.Rutil will be developed…
13 June 2016
DONG Energy Awards Dragados Offshore 4 Jackets for the Hornsea Project One Offshore Wind Farm
Dragados Offshore is pleased to announce the award of a contract by DONG Energy for delivery of four substation jackets for its Hornsea Project One Offshore Wind Farm. The 1.2 gigawatt Hornsea Project One Offshore Wind Farm will be located in the United Kingdom, approximately 120 km east off the…
13 June 2016
Saipem Signs Co-ownership and Exclusive Commercialisation Agreement for Springs - a Subsea Water Treatment Technology for Deep Water Application
San Donato Milanese (Milan), 10 June 2016 – a recently signed agreement will see Saipem lead the industrialization and commercialization of SPRINGS®, an innovative subsea water treatment technology designed for deep water application, developed in collaboration with major oil & gas company Total and water treatment specialist company Veolia.SPRINGS® (Subsea…
13 June 2016
Royal IHC Presents New Solutions for Offshore Wind Farm Construction
IHC is expanding its extensive product portfolio with the introduction of innovative equipment for offshore wind farm installations. This includes a state-of-the-art, inter-array cable-laying vessel, and integrated jack-ups, both designed to facilitate more efficient operations.more
13 June 2016
Addition of Further Southern North Sea Gas Hub via Acquisition of Vulcan Satellites Fields
Independent Oil and Gas plc, the development and production focused oil and gas company, is pleased to announce that on 10 June 2016 it signed a Sale and Purchase Agreement with Verus Petroleum Ltd, to conditionally acquire 100% of the shares of Oyster Petroleum Limited a subsidiary of Verus. The…
13 June 2016
Antrim Energy Announces Formal Approval from DCENR of Application for Working Interest in Frontier Exploration Licence 1/13
Antrim Energy Inc, an international oil and gas exploration company, today announces that its subsidiary Antrim Exploration (Ireland) Limited has received formal approval from the Department of Communications, Energy and Natural Resources of its application for a 100% working interest in Frontier Exploration Licence 1/13.more
13 June 2016
Tethys Tangents Titan as Towing Titleholder
PGS has once again demonstrated mastery of the mega-tow: as flagship Ramform Tethys draws the world's largest seismic spread. The Ramform Tethys is currently working on her maiden project, a MultiClient survey over the Aasta Hansteen area of the Norwegian Sea, with a configuration of 16 streamers, each 8.1 km…
13 June 2016
Europa Oil & Gas Update on New Offshore Ireland Licensing Options
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to confirm that it has formally accepted the award of four new Licensing Options (‘LOs’) as part of phase two of the 2015 Atlantic Ireland licensing round. This…
13 June 2016
Sea Change Needed if North Sea Oil and Gas Industry is to Secure a Productive Future
The North Sea basin has a two year transformation window in which to ensure a strong, productive and profitable future for the sector according to senior oil and gas executives interviewed for PwC’s latest report, A Sea Change.While much progress has been made to date in tackling issues such as…
10 June 2016
Oil & Gas UK Figures Show Impact of Oil Price Downturn on Jobs
Jobs supported by the UK’s offshore oil and gas industry, currently under the severe strain of continued low oil prices, will have fallen by the end of 2016 by an estimated 120,000 since their peak in 2014.New employment figures based on the latest published data have been released today (10…
10 June 2016
Pemex to Present Board with First Deep-water Private Sector Tie-up
Mexico's state oil company Pemex will present to its board this week its first possible deep-water tie-up with private firms, a long-awaited landmark of Mexico's energy reform that opened the sector to private investment, an energy ministry official said on Thursday.Pemex was awarded blocks in a 2014 oil tender known…
10 June 2016
EnerGulf Announces Participation in GoM Projects
EnerGulf entered into a letter of intent (“LOI”) with Texas South Energy, Inc. (OTCBB: TXSO) (“Texas South”) to participate in six offshore Gulf of Mexico prospects owned and operated by GulfSlope Energy Inc. (“GulfSlope”) (OTCBB: GSPE). Subject to the execution of definitive agreements and the Company’s financial obligations therein, the…
10 June 2016
Collaboration between Countries in the North Sea Region for more Wind Farms at a Lower Cost
Nine countries in the North Sea region and the European Commission are to enhance their collaboration in order to better utilise the potential of the North Sea as an area for wind farms. Alongside ensuring a secure and affordable energy supply, this will enable a significant contribution to be made…
10 June 2016
Eni’s New Significant Gas Discovery in the Egyptian Offshore
Eni made a new significant gas discovery in the Baltim South West exploration prospect, located in the Baltim South license, in the conventional waters of Nile Delta, offshore Egypt.This new discovery, achieved through the Baltim South West 1X well, is placed 12 kilometers from the coast, 25 meters of water…
10 June 2016
Det Norske Oljeselskap and BP Norge Merge to Create a Leading Independent E&P Company on the NCS
Det norske oljeselskap ASA (Det norske) has entered into an agreement with BP p.l.c. (BP) to merge with BP Norge AS (BP Norge) through a share purchase transaction, to create the leading independent offshore E&P company. The transaction will significantly strengthen the combined company’s operations, cost efficiency and growth potential,…
10 June 2016
Statoil Completes Efficient Exploration Drilling Campaign Offshore Newfoundland
Statoil, along with its partners, has finalized a 19-month exploration drilling program offshore Newfoundland. The purpose of the drilling program was to increase the robustness of the Bay du Nord project and to test new areas of the Flemish Pass Basin.Nine wells were drilled safely and efficiently by the Seadrill…
9 June 2016
North Sea Infrastructure Deals in the Pipeline, says Deloitte
The North Sea will see a rise in infrastructure deals this year, with private equity funds playing an increasing role in midstream assets, according to business advisory firm Deloitte. Against the backdrop of a low oil price, more oil and gas companies are looking to rationalise their portfolios and divest…
9 June 2016
Cluff Natural Resources Plc Licence Cross Assignment – Southern North Sea Carboniferous Gas Prospect
CLNR, the natural resources investing company, is pleased to announce that it has completed the cross assignment of equity positions in two contiguous licence areas in the Southern North Sea with Simwell Resources Ltd (‘Simwell’) and Burgate E&P Ltd (‘Burgate’). The decision to combine the equity position across the two…
9 June 2016
Aker Solutions and Subsea 7 Land Alvheim Prize
During Aker companies investor day 2016 at Fornebu on Tuesday, Det norske CEO Karl Johnny Hersvik revealed that the oil company has awarded a subsea contract for christmas trees to Aker Solutions for Alvheim field, Det norske’s core area of production.In addition, Subsea 7 has been awarded a contract for…
9 June 2016
Minor Gas/Condensate Discovery Southwest of the Oseberg South Field in the North Sea
Statoil Petroleum AS, operator of production licence 272, has completed the drilling of wildcat well 30/11-13. The well proved gas/condensate.The well was drilled eight kilometres southeast of the 30/11-8 S (Krafla) discovery and about 27 kilometres south of the Oseberg South facility in the North Sea. The primary exploration target…
9 June 2016
Drilling Permit for Well 7220/11-3 AR in Production Licence 609
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-3 AR, cf. Section 8 of the Resource Management Regulations.Well 7220/11-3 AR will be drilled from the Leiv Eiriksson drilling facility at position 72°56'45,94" north and 22°19'26,18" east in production licence 609.The drilling programme for well…
9 June 2016
Wood Group Mustang and Grupo Diavaz form Engineering Joint Venture in Mexico
Wood Group Mustang and Grupo Diavaz, a Mexican oil & gas operator and services company, have created a joint venture engineering business to capitalize on Mexico's energy reform. MUSTANG DIAVAZ is based in Mexico City and will provide engineering, procurement and construction management services to onshore and offshore facilities, and…
8 June 2016
InterMoor Completes FPSO Turritella Job
InterMoor, an Acteon company, has completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico.The FPSO Turritella will connect to subsea infrastructure located beneath approximately 9500 ft (2896 m) of water,…
8 June 2016
Ghana Sees Rapid Increase of Oil, Gas Output as Sankofa field starts
Ghana's National Petroleum Corporation (GNPC) sees first oil production at the offshore Sankofa field being developed by Eni and Vitol in the second half of 2017, and initial gas output early the following year, an official said on Tuesday.The start-up of World Bank-supported Sankofa will help increase oil and gas…
8 June 2016
AGR to Support Newly Launched Development and Production Company OKEA
OKEA was launched in late 2015 with the sole focus of unlocking value in conventional oil and gas discoveries that have been found, but not developed over the years. Through strategic partnerships with companies like AGR, OKEA will create cost-effective development solutions to bring existing discoveries into production. Morten Heir,…
8 June 2016
Skipper Appraisal Well Rescheduled for July 2016
Independent Oil and Gas plc ("IOG" or the “Company”), (AIM: IOG.L), is pleased to announce that the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea, is scheduled to be drilled in July 2016.IOG has renewed the previous contract…
8 June 2016
Van Oord and Highland Group Holdings Ltd. Will Cooperate on the Deutsche Bucht Offshore Wind Farm
Van Oord and Highland Group Holdings Ltd. have signed a cooperation agreement for the development, financing and construction of the offshore wind farm Deutsche Bucht in Germany. The wind farm is located in the German Bight, approximately 90 km from shore and will have a rated power of 252 MW.…
8 June 2016
Ivar Aasen on Route to Norway
The platform deck for the Ivar Aasen project is now on its way to Norway after sailaway from the yard area in Singapore on Monday. The platform deck will be lifted in place on the field in July.The platform deck is being shipped the long haul to the Utsira Height…
7 June 2016
Hydratight Completes John Brookes Subsea Pipeline Project in Australia
Hydratight has completed installation of an 18in Morgrip connector on the John Brookes subsea pipeline on the North West Shelf of Western Australia.The pipeline is located 54km north-east of Quadrant Energy's Varanus Island facilities.Quadrant selected Hydratight on behalf of the John Brookes joint venture to engineer, manufacture, deliver and support…
7 June 2016
Mermaid Nets Six New Subsea Deals in Asian Region
Mermaid Maritime has, through its subsidiary Seascape Group, been awarded six different subsea works in the Asian region.The contracts have an estimated aggregate value of USD 15 million.The work scopes under the contracts include subsea survey, inspection, repair and maintenance using saturation diving, air diving and the use of underwater…
7 June 2016
INPEX to Commence Exploratory Offshore Drilling in Japan
INPEX Corporation (INPEX) announced today it commenced drilling operations on an exploratory well offshore Shimane and Yamaguchi prefectures on June 5. The drilling operations are part of a project commissioned by the Agency of Natural Resources and Energy of the Ministry of Economy, Trade and Industry (METI) of Japan for…
7 June 2016
VBMS First to Install 66kV Cables for Blyth Offshore Wind Farm
VBMS has been awarded a contract by EDF Energy Renewables to provide the subsea connection between the offshore turbines and the onshore grid for the Blyth offshore wind farm. This will be the first project to use the new 66kV cable technology. The standard voltage for array cables until now…
7 June 2016
Swiber Secures New Projects Worth US$215 Million in Qatar and Southeast Asia
Swiber Holdings Limited (“Swiber” and together with its subsidiaries, the “Group”), a leading global offshore construction services provider to the oil and gas industry, has secured three new contracts for projects with a total value of US$215 million in the Middle East and Southeast Asia regions.Said Mr Darren Yeo, Deputy…
7 June 2016
3 Year Contract Extension for Aker Solutions
Aker Solutions have announced a three-year contract extension from Total to provide maintenance and operations services at the Elgin and Franklin fields in the UK North Sea. This work is valued at more than NOK 400 million."We have a healthy order backlog and solid financial position underpinned by our continuous…