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9 May 2016
Entek Exits Gulf of Mexico
Entek Energy Limited is pleased to advise that it has entered into an agreement with Peregrine Oil & Gas, LP to sell the Company’s entire Gulf of Mexico portfolio. These interests comprise Entek’s respective 38% and 25% interests in the GA A133 and PN 975 blocks, and its overriding royalty…
9 May 2016
Completion of Acquisition of Projects from ScottishPower Renewables
Atlantis, a global leader in the tidal power sector, is pleased to announce that it has, through a wholly owned subsidiary of the Company, completed the acquisition of Scottish tidal project assets from ScottishPower Renewables (UK) Limited (“SPR”) in exchange for a stake in the Company’s wider development portfolio.Accordingly, as…
9 May 2016
Sterling Energy Withdrawal from Ambilobe, Madagascar
Sterling Energy plc (the “Company”), the AIM listed oil and gas exploration company (AIM: SEY), announces that its wholly owned subsidiary, Sterling Energy (UK) Limited, has issued a notice of withdrawal from the Ambilobe block, offshore Madagascar to its joint venture partner Pura Vida Mauritius. Following the withdrawal, Sterling will…
9 May 2016
Bibby Offshore Awarded Multimillion Pound North Sea Contract
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion pound contract with a global energy player, to provide first gas and construction support on its assets in the Southern North Sea.The contract, due to be executed between Q3 and Q4 2016, will…
9 May 2016
Gardline and Neptune Launch New Integrated Vessel and ROV Solution
Building on years of experience, two energy industry specialists have joined forces in a unique collaboration to bring a new integrated vessel and ROV package to market. Gardline Geosurvey Ltd and Neptune have entered into a strategic partnership which will see Gardline’s DP2 multi-role survey vessel, the MV Kommandor, enhanced…
9 May 2016
Gardline and Neptune Launch New Integrated Vessel and ROV Solution
Building on years of experience, two energy industry specialists have joined forces in a unique collaboration to bring a new integrated vessel and ROV package to market. Gardline Geosurvey Ltd and Neptune have entered into a strategic partnership which will see Gardline’s DP2 multi-role survey vessel, the MV Kommandor, enhanced…
9 May 2016
Ethos Offshore Ltd Completes Harkand North America Management Buy Out
A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout (MBO) of Harkand’s North American and African business. The new company, to be named ETHOS OFFSHORE LIMITED, will continue to provide subsea engineering and construction services to Harkand’s existing US, Mexican and West…
6 May 2016
Harkand Enters Administration; Loss of 171 Jobs
Harkand Group, the oilfield services and inspection repair and maintenance (IRM) company has gone bust with the loss of 171 jobs in London and Aberdeen.98 of those jobs are to go in Aberdeen.The company has entered into Administration after it defaulted on the payment of its senior secured bond issue…
6 May 2016
AWE Sells Lengo for up to A$27.5 million
AWE to sell its 42.5% interest in the Bulu PSC, including the undeveloped Lengo gas project, to a subsidiary of HyOil Pte Ltd for up to A$27.5 million cash.Transaction structured in two tranches with an effective date of 1 April 2016.AWE recycling capital to deliver key growth projects, including Waitsia…
6 May 2016
Nexen Cans FPSO Aoka Mizu Deal; Bluewater Back to Black
FPSO operator Bluewater has received a contract cancellation from Nexen for the FPSO Aoka Mizu producing from the Ettrick field in the North Sea. According to Bluewater, production from the field will cease on June 1, 2016 and decommissioning of the vessel will start from that date. Redeployment opportunities for…
6 May 2016
McDermott Awarded Three Offshore EPCI Projects and Additional Scope on Existing Contract in Arabian Gulf
McDermott International, Inc. announced today that it has been awarded three separate projects by a major national oil company for the integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the Arabian Gulf. In addition to this, there has also been an award of an additional scope…
5 May 2016
Neptune Signs 12 Month Vessel Charter
Neptune is pleased to announce it has signed a 12 month vessel charter for the 34 metre DP1 MV Offshore Guardian, with Guardian Offshore AU Pty Ltd.Built in 2015, the MV Offshore Guardian is a shallow draft survey, AUV, dive and ROV support vessel and will be based in Exmouth,…
5 May 2016
Seven New DNV GL Collaborative Projects in North America
In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint industry projects (JIP) from the region in 2016. The initiatives will support overall efficiency efforts in the pipelines, wells and subsea,…
5 May 2016
Maersk Says Risks Losing Qatar Field, its Largest Oil Asset
Denmark's A.P. Moller-Maersk said for the first time on Wednesday there was a risk it could lose its largest oil producer, a 300,000 barrel per day Qatari field, and may not replace the production by buying other assets.Chief Executive Nils Smedegaard Andersen's comments give some insight into Maersk's view of…
5 May 2016
Wood Group Awarded Contract Across Shell’s North Sea Offshore Assets
Wood Group has been awarded a three year contract extending its support of Shell’s eight UKCS offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet, Nelson, Curlew, Brent Delta, Brent Alpha, Brent Bravo and Brent Charlie installations. In addition WGPSN will…
5 May 2016
Xodus Lundin Framework Agreement
Xodus Group AS has been awarded a framework agreement by Lundin Norway AS to provide engineering studies and verification services for its developments on the Norwegian Continental Shelf. The agreement is for four years with potential extension for two years.It will draw on Xodus' expertise from across the company's wide…
5 May 2016
Westcon Signs Subsea Deal with Statoil
Westcon will together with WellConnection maintain parts of Statoil’s subsea equipment at all base locations in Norway. The framework agreement is yet another milestone for the successful subsea commitment at Westcon.Westcon is awarded a maintenance contract for subsea tools and equipment at all Statoil base locations in Norway. The scope…
4 May 2016
Plexus Holdings PLC Ninth Well Order Signed with Det norske - Norway
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that it has received its ninth purchase order ('PO') since 2012 from Det norske oljeselskap ASA ('Det norske') to supply surface wellhead and…
4 May 2016
GE Oil & Gas Introduces Product & Digital Innovations to Increase Offshore Productivity and Reduce Downtime
GE Oil & Gas [NYSE: GE], today, introduced a series of innovative offshore solutions to lower cost, improve reliability and reduce downtime of offshore operations. The technologies, launched at the Offshore Technology Conference in Houston, underscore the creativity of industry in finding myriad types of solutions to increase efficiencies and…
4 May 2016
Panoro Energy Announces First Oil Production at AJE
Panoro Energy ASA (“the Company” or “Panoro” with OSE ticker: "PEN"), the independent E&P company with assets in Nigeria and Gabon, notes the recent announcement made by its partner, the Operator of OML 113 Yinka Folawiyo Petroleum Company Limited, and is pleased to announce that the first oil production from…
4 May 2016
Consent for Removal of Petrojarl Varg
Varg is an oil field in the North Sea, around 220 kilometres south-west of Utsira in Rogaland county. The field was developed using the Varg A wellhead facility, subsea structures and the Petrojarl Varg mobile production facility (FPSO). Production from the field began in 1998.Repsol Norge AS (Repsol) is the…
4 May 2016
Shah Deniz Partners Award Subsea Installation Contract
The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium.The scope of work of the contract…
3 May 2016
Expro Completes First Integrated Abandonment Project for Apache
International oilfield services company, Expro, has successfully completed a plug and abandonment (P&A) project in the Gulf of Mexico (GoM) for Apache.Expro recently expanded its business capabilities to offer fully integrated well abandonment services including; late-life reservoir management, permanent reservoir abandonment and post abandonment monitoring. The Apache work comprised the…
3 May 2016
CCB in Charge of Subsea Equipment Maintenance for Statoil
Coast Center Base (CCB) has signed a nationwide contract with Statoil for the maintenance of subsea equipment and tools.The contract, which comes into effect immediately, includes demobilization, storage maintenance and overhauling of subsea equipment that forms part of Statoil’s underwater tools portfolio. It will run for 2 years, with two…
3 May 2016
Extension of RSV Contract Geograph
Petrobras has extended the RSV contract for the vessel Geograph for 18 months. The extension is a direct continuation of the current contract and the vessel has been operating for Petrobras since March 2011.Mons S. Aase, CEO, stated, "I am very pleased with the contract extension, securing utilization in a…
3 May 2016
First Offshore Wind Service Vessel from Ulstein Verft Launched
The first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN™ hull line design, has been launched from Ulstein Verft. The service operation vessel for the offshore wind industry is one of two being constructed for Bernhard Schulte Offshore, and will be working for Siemens.The…
3 May 2016
New Contract for Olympic Delta
Olympic Shipping have contracted Olympic Delta to an international client. The vessel will be employed within renewable energy. Commencement of the contract will be from August and has a fixed period of 120 days plus options potentially extending the period to more than 200 days.Stig Remøy: «For many years we…
3 May 2016
Byron SM 71 #1 Oil and Gas Discovery Update
Byron Energy Ltd (ASX: BYE) (“Byron” or the “Company”) is pleased to provide an update on the Byron Energy SM71 #1 (“SM71 #1”) oil and gas discovery well located in the Gulf of Mexico in South Marsh Island Block 71 (“SM71”).Since the last report, on 27 April 2016, the well…
3 May 2016
Statoil ASA to Increase its Ownership in Lundin Petroleum AB through Swap Agreement
Statoil ASA has entered into an agreement with Lundin Petroleum AB (Lundin Petroleum) to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum.The transaction also includes divestment of a 9 percent interest in the Edvard Grieg Oil pipeline and a 6…
3 May 2016
Proserv seals significant North Sea contract with Apache
Global-leading energy services company Proserv has been awarded a multi-million dollar contract from Apache Corporation for work on the UK Continental Shelf. Proserv will supply a subsea control system and associated topside and subsea interface equipment for use on the new Callater wells located south of the Beryl Alpha platform.…
29 April 2016
Completion of E.ON Acquisition
The Board of Premier is pleased to announce that following receipt of all necessary approvals, the acquisition of the UK North Sea assets from E.ON has now completed.Tony Durrant, Chief Executive, commented: “We are pleased to have completed the acquisition of the UK North Sea assets from E.ON which strengthens…
29 April 2016
V.Ships Offshore Wins Contract with CMM for Five New Oil Spill Recovery Vessels in Brazil
V.Ships Offshore has been awarded a ship management contract by Compagnie Maritime Monegasque Offshore Ltd (CMM) to provide full technical and crew management services for a new fleet of five oil spill recovery vessels in Brazil.The ship management services will be delivered from the V.Ships Offshore office in Rio de…
29 April 2016
Petrofac becomes Duty Holder for BP Miller
Petrofac has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea.The contract is for ‘life of asset’ but has a four-year ceiling at which point extension options will be reviewed as required. Petrofac will assume…
29 April 2016
McDermott Successfully Completes Otis Subsea Tieback for LLOG Exploration Offshore Gulf of Mexico
McDermott International (NYSE:MDR) has successfully completed the installation scope associated with the Otis development in the Gulf of Mexico on behalf of LLOG Exploration Offshore. McDermott’s Lay Vessel North Ocean 105 (LV 105) completed the deepwater subsea tieback from the Otis well in Mississippi Canyon 79 to the Delta House…
29 April 2016
Fortuna FLNG Update
Ophir provides an update on the project workstreams leading to Final Investment Decision (“FID”) on the Fortuna FLNG Project:Since the 26 January 2016 announcement of a non-binding Heads of Terms Agreement with Schlumberger for upstream participation, Schlumberger has satisfactorily completed its technical due diligence. However, Ophir and Schlumberger have been…
28 April 2016
AGM Trading Update
This statement is issued in advance of the Group’s Annual General Meeting which is being held at Tullow Oil plc, Building 9 Chiswick Park at 12pm today. The Group will announce its Trading Statement and Operational Update on 30 June 2016. Half year results will be announced on 27 July…
28 April 2016
Seadrill Sells Remaining 8.2% Stake in SapuraKencana Petroleum Bhd
Seadrill Limited ("Seadrill") announces today that it has sold its remaining stake of approximately 490 million shares in SapuraKencana for approximately $195 million.The proceeds from the share sale will provide additional liquidity and will be used for general corporate purposes.more
28 April 2016
Impact of Exploration on Global Oil Supply
This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to…
28 April 2016
Wood Group wins $500 million EPCM contract in Azerbaijan
Wood Group has won a new five year contract with BP-operated projects, valued at $500 million, to deliver services to eight facilities, offshore Azerbaijan. Effective immediately, Wood Group PSN (WGPSN) will provide engineering, procurement and construction management services (EPCM) under the contract, which has the option of two, two year…
28 April 2016
Glassfiber Produkter is Awarded PO from Aker Solutions – Total Kaombo
GRP half shells and covers for the wellhead jumper ordered by Aker Solutions to Total Kaombo project in Angola.Glassfiber Produkter will now take part in Aker Solutions – Total Kaombo project in Angola. We are awarded order for GRP Half shells, protection covers and EFL deployment frame. The contract is…
28 April 2016
New Vessel Solution Provides Perfect Fit for Renewables and Offshore Construction Industry
On 9th May, a new Multi-Purpose Support Vessel, aptly named Solution, will be christened at Urk, The Netherlands by its owner DUC Marine Group.The new vessel has been purpose built for DUC Marine Group, who have been active in diving, construction and maintenance services for offshore and inshore industries for…
28 April 2016
TAQA and Peterson Partner up for Five-year Integrated Logistics Contract
International energy logistics provider Peterson has secured a long term logistics contract with oil and gas operator TAQA. The five year contract is for integrated supply base and logistics operations supporting TAQA’s offshore assets in the UK North Sea - Harding, Tern, Eider, North Cormorant and Cormorant Alpha. The contract…
27 April 2016
Siemens Receives Major Order for 102 Wind Turbines for Offshore Wind Power Plant
Siemens has received a major order for its offshore wind power business: the company is to supply, install and commission 102 wind turbines, each with a capacity of seven megawatts and a rotor diameter of 154 meters, for the East Anglia ONE project. The customer is ScottishPower Renewables, a subsidiary…
27 April 2016
Operating Life Extension for Ula Oil Export Pipeline
BP Norge AS (BP) is the operator of the Ula field, located in the southern North Sea, NNW of the Ekofisk field.The oil from Ula is transported to Teesside in England via Ekofisk. The export pipeline from Ula to Ekofisk was installed in 1984 and commissioned in 1986, with a…
27 April 2016
Aker Solutions and ABB Join Forces to Propel and Power Subsea Production
Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry.The cooperation will integrate Aker Solutions' pioneering subsea capabilities and ABB's subsea power and automation system expertise to bring…
27 April 2016
Technip Awarded a Contract Extension for its Logistic Base in Vitória, Brazil
Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras S.A. for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil.The scope covers storage, handling, inspection, testing, load-out (two simultaneous vessel load-out points), internal cleaning and maintenance of flexibles pipes. The…
27 April 2016
Net 2P Present Value to Eland of US$ 43.9 million
The Company is pleased to announce the results of a Reserves and Resources evaluation on Gbetiokun-1, OML 40, ("Gb-1" or the "Asset"), provided by Netherland, Sewell & Associates Inc. ("NSAI") as at 31 March 2016 (collectively, the "NSAI Report" or the "Report").Following the successful re-entry of Opuama-3 announced on 25…
26 April 2016
V.Ships Offshore Wins Contract with Fortress Transportation and Infrastructure Investors LLC
V.Ships Offshore, part of V.Group has been awarded a ship management contract by Fortress Transportation and Infrastructure Investors LLC to provide full technical and crew management services for an advanced SURF/IMR vessel.The ship management services will be delivered from our newly acquired Bibby Ship Management office in Singapore led by…
26 April 2016
Taking Actions to Remain Competitive
Reach Subsea has agreed on a comprehensive restructuring of its charter agreements, which will enable Reach to move forward with market based charter- in rates. Solstad Offshore and Østensjø Rederi will as part of the restructuring become new shareholders of Reach Subsea.Although the details of the agreement are confidential between…
26 April 2016
Add Energy Celebrates Global Framework Agreement with Shell
Add Energy, the international oil and gas upstream consultancy, has agreed a new, global maintenance integrity and asset performance management agreement with Shell.Aberdeen, Scotland: Add Energy, the international oil and gas upstream consultancy, has agreed a new, global maintenance integrity and asset performance management agreement with Shell.The contract, valued at…