Search News
Latest News
18 February 2016
McDermott to Name DLV 2000 in April
McDermott International, Inc. have announced it will conduct the naming ceremony for its new flagship derrick lay vessel, the DLV 2000, at Keppel’s Singmarine Shipyard in Singapore on Thursday, April 14, 2016.The DLV 2000 is a class 3 dynamically positioned vessel combining a 2,200-ton revolving crane with a deepwater S-lay…
18 February 2016
Rolls-Royce to Deliver Mooring System for Giant Crane Vessel
Rolls-Royce has signed a £8 million contract to supply the mooring system for the world’s largest semi-submersible crane vessel (SSCV), Sleipnir. The vessel will be built in Singapore by SembCorp Marine for the Dutch company Heerema Offshore Services.Asbjørn Skaro, Rolls-Royce, Executive Vice President – Deck Machinery, said: “Mooring a giant…
18 February 2016
NorSea Wins Hywind Contract From Statoil
The NorSea Group AS (NSG) has signed a contract with Statoil concerning utilisation of Stordbase AS in Norway to assemble the world's first floating wind farm, the Hywind Scotland Pilot Park. The contract is valued at approximately NOK 50-70 million.The contract, which enters into force as soon as 1 March…
18 February 2016
iSURVEY Singapore Awarded Contract with Solstad Offshore
iSURVEY Pte Ltd, Singapore, has been awarded a marine construction support contract by Solstad Offshore Asia Pacific to provide positioning and survey support for its 2016 pipeline and platform installation programme in Thailand, on board the DLB ‘Norce Endeavour’.iSURVEY will provide positioning services to support the installation of numerous pipelines…
18 February 2016
OGA Extends Bentley Licence for Xcite Energy
Xcite Energy has announced that following discussions with the Oil & Gas Authority ("OGA"), the Secretary of State for the Department of Energy and Climate Change has extended the P.1078 licence containing the Bentley field until 30 June 2017. This licence extension is expected to assist Xcite Energy Resources plc's…
18 February 2016
Tullow Suffers Issues With Turret on Jubilee Field
Tullow Oil plc (Tullow) has announced that it has informed the Government of Ghana and its Partners of a change to operating procedures at the Jubilee field FPSO.Following a recent inspection of the turret area of the Jubilee Floating Production Storage and Offtake vessel (FPSO), by SOFEC, the original turret…
18 February 2016
Petrobras Finds More Oil at Libra
Brazil's state-led oil company Petroleo Brasileiro SA said on Wednesday that it and its partners found more oil in the Libra prospect in a well that helps confirm the extent of the giant offshore area.The well in the northeast section of the Libra area found a 270-meter column of oil-bearing…
17 February 2016
Thrust Maritime to Provide World First Offshore Hyperbaric Evacuation Capability
Thrust Maritime will provide Malaysian offshore engineering and construction contractor SapuraAcergy and their diving associated entity SapuraKencana Allied Marine with a remote hyperbaric recovery and reception capability for its latest offshore gas project in Myanmar – a world first.SapuraAcergy will use Thrust Maritime’s patented technology to ensure the safe recovery…
17 February 2016
Growing Market for Decommissioning in Norway
Norway’s decommissioning market has the potential to be the second largest in the North Sea after the UK Continental Shelf, according to Oil & Gas UK’s first Norwegian Continental Shelf Decommissioning Insight report, which provides a forecast for the region over the next decade. The publication was launched at the…
17 February 2016
Reach Subsea Secures Contract Extensions with Eidesvik Offshore.
Reach Subsea has entered into contract extensions with Eidesvik Offshore.As a part of the cooperation agreement, Reach Subsea provides ROV and subsea services onboard the Viking Neptun also for the new contracts with Technip. Commencement is expected in the beginning of April on UK sector.Through these contracts, Viking Neptun has…
17 February 2016
Eidesvik Offshore ASA Awarded Contract Extension from Technip
The Viking Neptun will, after a successful 2015 campaign, again commence work for Technip. The contract, including the transit, has secured commitment beyond 2016 for the vessel."We are very pleased with the confidence Technip has showed us by awarding Eidesvik Offshore this important contract who will be more or less…
17 February 2016
FPSO Cidade de Maricá Producing and On Hire
SBM Offshore has announced that FPSO Cidade de Maricá is formally on hire as of February 7, 2016 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance.The vessel is installed in the Lula field (BM-S-11 contract) in the pre-salt province offshore Brazil.…
16 February 2016
Nexans to Supply Cables for TOTAL’s Egina FPSO
Nexans has been selected to be the unique supplier of cabling to Samsung Heavy Industries’, turnkey contractor for TOTAL’s Egina FPSO. The contract awarded by TOTAL to Samsung Heavy Industries worth 2.8 bn Euros is the largest FPSO (Floating Production Storage and Offloading) contract to date. This project represents more…
16 February 2016
Aker Solutions and Total to Cooperate on Subsea Technology Development
Aker Solutions and Total agreed to collaborate on research and innovation to develop new cost-effective subsea field technology.The initial four-year technical collaboration agreement will build on earlier cooperation and bring both companies closer in developing technologies that will reduce costs and increase value at subsea oil and gas fields. The…
15 February 2016
Aibel Begins Work on the Johan Sverdrup Development
On Monday 15 February 2016 Haugesund mayor Arne-Christian Mohn started the machine cutting the steel for the Johan Sverdrup drilling platform.This marks the start of the construction of the Johan Sverdrup drilling platform at Aibel’s yard in Haugesund.“Aibel won the contract for the construction of the drilling platform about one…
15 February 2016
Bhagwan Marine Lands Contract in Russia's Far East
Dynamic Australian marine services provider, Bhagwan Marine (BM), has never been a company to sit on its hands.At a time characterised by daily reports of ‘doom and gloom’ in the Australian Oil & Gas Industry, BM this week signed off on a multi-year, multi-vessel contract to provide marine support to…
15 February 2016
Heerema Fabrication Awarded Oseberg Vestflanken 2 Contract from Statoil
Statoil has awarded Heerema the contract for the Engineering, Procurement & Construction (EPC) of the unmanned wellhead platform at Oseberg Vestflanken 2, as well as the transport and installation of the platform.Heerema Fabrication Group (HFG) will carry out the engineering, procurement and construction of the unmanned wellhead platform and Heerema…
15 February 2016
UK to Offer More Flexible North Sea Oil and Gas Licences
Britain will offer more flexible North Sea oil and gas licences in its next tender round, the head of Britain's oil regulator said on Thursday, a bid to make exploration work in the mature basin more attractive to oil and gas companies."We will shortly be announcing a new, more flexible…
15 February 2016
Forsys Subsea Awarded Subsea FEED Contract
Forsys Subsea, the joint venture between FMC Technologies and Technip, has been awarded a contract from Statoil to provide a subsea front-end engineering and design (FEED) study for subsea tie-back of Trestakk to Åsgard A FPSO.The scope of work includes all systems and related services from the wellhead to Åsgard…
12 February 2016
Woodside Makes Second Gas Discovery Offshore Myanmar
Woodside has advised that the Thalin-1A exploration well in Block AD-7 in the Rakhine Basin has intersected a gross gas column of approximately 64m. Approximately 62m of net gas pay is interpreted within the primary target interval.Block AD-7 is located in the Bay of Bengal, approximately 100km offshore of the…
12 February 2016
MV Fairmaster Carries VLS to Norway for Normand Maximus
This January, Jumbo's MV Fairmaster transported a 1,720t Vertical Lay System (VLS) from La Rochelle in France to Brattvåg in Norway. In July 2015, this VLS was safely transported by MV Jumbo Jubilee from Gdynia in Poland to La Rochelle. At the time the VLS weighed 'only' 876t because it…
12 February 2016
Repsol to Shut Unprofitable Norwegian Oil Field
Repsol SA plans to shut down its unprofitable Varg oil deposit in the North Sea, the first time a Norwegian field will be closed because of the crude-price collapse.“Varg has been cash-negative since August 2015,” the company said in a Dec. 1 presentation to Norway’s Petroleum Safety Authority obtained by…
11 February 2016
Nobel Upstream to Acquire Stake in UK North Sea Maclure Oil and Gas Field
Nobel Upstream, the independent UK-based exploration and production company, has announced it has signed a sale and purchase agreement to acquire a 7.59 per cent non-operated interest in the Maclure* oil and gas field from Shell. Completion of the transaction remains subject to necessary approvals.The Maclure field, located in the…
11 February 2016
FEED Awards for SURF and Flexibles on Sea Lion Development
Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following update on the Sea Lion development.Further to the Company's announcement on 13 January 2016, the FEED contract for SURF Transport and Installation has…
11 February 2016
Neptune Awarded Kitan Contract
Neptune is pleased to announce it has been awarded an air diving services contract by Technip Oceania Pty Ltd for the Kitan disconnection project.The project is offshore in February and includes the provision of air diving services to assist with the disconnection and abandonment of risers, mooring chains and the…
11 February 2016
FSO Gaza Installation at Bouri Field
Emas AMC has awarded to Rana the diving services for the installation and hook up of the new FSO Gaza which will replace the FSO Sloug at Bouri Field, Libya. The diving services will be carried out with Rana mobile saturation diving system AF01 which will be fitted on board…
11 February 2016
Technip Awarded Fabrication & Installation Contracts by Statoil
Technip was awarded by Statoil ASA two lump sum contracts for infield pipeline construction for the Johan Sverdrup Development and the Oseberg Vestflanken 2 projects.The Johan Sverdrup field is one of the largest oil fields in the North Sea and was discovered late 2011. The first development phase is targeted…
10 February 2016
Aibel to Work on Second Phase of Johan Sverdrup Development
Aibel is one of the companies working on a C study for the second phase of the Johan Sverdrup development.Aibel's assignment is to consider a module based solution for a new process platform at the field centre for future phases for Johan Sverdrup. This is a similar concept to the…
10 February 2016
Aker Solutions to Deliver Concept Study on Future Johan Sverdrup Phases
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades.The study includes design solutions for a tie-in of the platform and future satellites to the field center that is being…
10 February 2016
Harkand Completes Successful Campaign in Trinidad and Tobago for BPTT
Harkand has completed an inspection, repair and maintenance (IRM) campaign for BP Trinidad and Tobago (BPTT) utilising the Harkand Da Vinci diving support vessel (DSV) and the company's new hyperbaric rescue facility (HRF) in the Caribbean. The IRM scope included deadleg inspection of BPTT offshore assets, pipeline intervention, caisson repair…
9 February 2016
Diamond Offshore and GE Oil & Gas Enter into Industry First Agreement
Diamond Offshore Drilling, Inc. and GE Oil & Gas announced the offshore drilling industry’s first-of-its-kind contractual service agreement (CSA) that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour™ model, Diamond Offshore will compensate GE Oil & Gas only when the…
9 February 2016
Technip Awarded a Subsea Contract in the Gulf of Mexico
Technip has been awarded a lump sum contract by Deep Gulf Energy III, LLC (“DGE”) for the development of the South Santa Cruz and Barataria fields. These ultra-deepwater fields are located in Mississippi Canyon, offshore New Orleans, in the Gulf of Mexico, in approximately 2,000 meters of water depth.The contract…
9 February 2016
Wood Group Extends Chevron Contract in the North Sea
Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. Wood Group PSN (WGPSN) will deliver operations and maintenance services to the Alba Northern platform, Alba floating storage unit, Captain floating production, storage and offloading vessel and Captain wellhead…
9 February 2016
Oversupplied Market Eying Floating Storage Opportunities
Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected to remain as the market is yet to find a new equilibrium. So far, only modest cuts in US shale production have been realised,…
9 February 2016
Qatar Petroleum and Chevron to Explore Deepwater Offshore Blocks in Morocco
Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from Chevron’s 75% share in three deep-water offshore leases in the Kingdom of Morocco.Under the agreement, which was approved by the Moroccan government, Qatar Petroleum will acquire the…
9 February 2016
Total Starts-up Production at Laggan-Tormore in the West of Shetland
Total has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area. The fields will produce 90,000 barrels of oil equivalent per day (boe/d).“Laggan-Tormore is a key component of our production growth in 2016 and beyond. The…
9 February 2016
Oil Production: Still No Major Shut-ins
3.4 million barrels per day (b/d) of oil production is cash negative at a Brent oil price of US$35, but the number of projects that have ceased production is minimal. With the oil price hitting a record 12-year low recently, why aren’t more producers turning off the taps? Using their…
9 February 2016
Schlumberger-Cameron Merger Receives Unconditional Clearance from European Commission
Schlumberger Limited and Cameron International Corporation jointly announced today that the European Commission has cleared their proposed merger without any conditions following a Phase 1 review. As previously announced, the U.S. Department of Justice cleared the proposed merger in November 2015 without any conditions; Cameron stockholders voted on December 17…
9 February 2016
Fugro Awarded Pyrenees Phase 3 Installation Project
Fugro has been awarded a contract by BHP Billiton Petroleum Pty Ltd for the Pyrenees Phase 3 Installation Project.The Pyrenees development is located offshore Western Australia, in approximately 200 metres water depth, 45 kilometres northwest of Exmouth, and comprises six separate fields: Stickle, Crosby, Tanglehead, Moondyne, Wild Bull and Ravensworth.…
9 February 2016
Bringing Oseberg into the Future
Last autumn Aibel submitted a FEED study for Oseberg Vestflanken 2 Brownfield Topside. Now Aibel has also been handed responsibility for the actual implementation phase.Aibel has been awarded the contract for implementation of the Oseberg Vestflanken 2 Brownfield Topside project by Statoil. The contract, which comprises both engineering services, procurement,…
9 February 2016
FPSO Leaves Singapore for Aje Field Offshore Nigeria
Panoro Energy ASA the independent E&P company with assets in Nigeria and Gabon, has provided the following update for the Aje field operations in Nigeria.The final works on the floating production, storage and offloading vessel (the “FPSO”) have been completed, and the vessel has now left Singapore. The vessel is…
9 February 2016
Statoil Chooses Nexans to Supply Cables for the World's First Floating Wind Farm
Statoil has awarded Nexans the contract to supply static and dynamic cabling and associated accessories for the world’s first floating wind farm, following a successful demo facilitated by Nexans’ cables which has been in operation since 2009. Following the initial Norway demo, Statoil has awarded Nexans a new contract worth…
9 February 2016
Seanamic Expands Global Umbilicals Business
Surface to seabed specialist, Seanamic Group, is expanding its global umbilicals business with a new Umbilical International facility in Glasgow. Initially it will offer umbilical repair and refurbishment for operators and contractors, in the lead up to full umbilical and cable manufacture.Comprising Houston-based, Umbilicals International (UI) and Glasgow-based Caley Ocean…
9 February 2016
Swiber Completes Platform and Subsea Pipeline Installation Project in South America
Swiber Holdings Limited has completed a multi-million dollar platform and subsea pipeline installation project in South America. The platform is considered to be the world’s southernmost platform project.The project, awarded in September 2013, by an oil and gas company in South America, was for the jacket and topside installation of…
3 February 2016
Ocean Installer Awarded Three Key Statoil Contracts
Ocean Installer has been awarded three significant contracts for subsea installations and tie-in operations for Statoil on Johan Sverdrup, Oseberg Vestflanken and Gina Krog.The three awards constitute a significant portion of Statoil's planned subsea construction work on the Norwegian Continental Shelf for the 2017 season. “We are truly pleased to…
3 February 2016
DONG Energy to Build World's Largest Offshore Windfarm
DONG Energy has made a final investment decision to build the giant Hornsea Project One offshore wind farm (Hornsea) in the UK. With a capacity of 1.2 gigawatt (GW), Hornsea will on completion be the world’s first offshore wind farm to exceed 1,000 MW in capacity and by a large…
3 February 2016
Statoil Awards Multiple Contracts on NCS
The contracts awarded on behalf of the licence partners include marine operations, marine construction, engineering, procurement and construction (EPC) of an unmanned wellhead platform as well as modifications at the Oseberg Field Centre.The contracts have a combined value of approximately NOK 1.6 billion.“We are very pleased to be able to…
2 February 2016
AKOFS Offshore selects Webtool Emergency Disconnection Tool
Allspeeds has supplied Webtool Emergency Disconnection Tools to AKOFS Offshore for its subsea equipment orientation system (SOES) used to install subsea trees. The Webtool cutters are integrated within the SOES providing quick disconnection of the bundles of hydraulic jumpers and electrical flying leads in the event the vessel moves off-station.Deployed…
2 February 2016
Aker Solutions Awarded Two MMO Contracts From ConocoPhillips in Norway
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured two contracts for work at North Sea fields operated by ConocoPhillips.The company received a framework agreement for a fixed period of five years to become ConocoPhillips' main supplier of maintenance and modifications work offshore Norway. The agreement may be…
2 February 2016
Lundin Petroleum Secures Funding for Johan Sverdrup Project
Lundin Petroleum has entered into a committed seven year senior secured revolving credit facility of up to USD 5.0 billion, with an initial committed amount of USD 4.3 billion. This senior secured facility will provide the financial flexibility to fund Lundin Petroleum's interest in the Johan Sverdrup project in Norway.This…