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1 February 2016
GE Oil & Gas Wins More Than $700 Million of Innovative Customer Agreements
GE Oil & Gas has announced a series of innovative agreements totalling an estimated lifetime combined value of more than $700 million. The new agreements integrate multiple elements of GE’s diverse customer offering, including digital solutions, meeting the changing needs of its global fullstream customer base.The range of agreements announced…
1 February 2016
Statoil to Explore Offshore Uruguay
Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.This represents a new impact opportunity for Statoil and a new country entry.Block 14 is located in the Pelotas basin of the South Atlantic Ocean, approximately 200…
1 February 2016
Lundin Petroleum Signs Farm-Out Agreements in Malaysia
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS B.V. (“DYAS”) for part of its working interests across three Production Sharing Contracts (PSC) in Malaysia.Ahead of the recently…
1 February 2016
Isaac Newton Ready to Lay Cable on Marjan Field
Jan De Nul Group provides installation works for subsea cables and umbilicals for the oil & gas and renewable energy markets. In 2015 and 2016 the company will install a total of five power cables for Aramco’s Marjan Field.Two power cables for Marjan GOSP’sJan De Nul Group will install two…
29 January 2016
MMT Contracted for an Exciting Offshore Pilot Project in Martinique
MMT are pleased to announce the contract award for the OTEC (Ocean Thermal Energy Conversion) NEMO project by DCNS, a world leader in naval defence.This project is jointly developed by DCNS and its partners with purpose to characterize the geophysical and geotechnical context of the area of an offshore power…
29 January 2016
Red Marine Successfully Delivers Bespoke Testing Program
This week Red Marine have successfully completed the qualification testing of a new subsea landing string valve system for one of the largest providers of technologies and services to the oil and gas industry.Working with the FMC Technologies Well Access Systems team, Red Marine provided a turnkey service to develop…
29 January 2016
Petrofac and GE Support Galloper Offshore Wind Farm
Petrofac and GE announced a contract worth over £110 Million to engineer, construct and install a turnkey power system to efficiently connect up to 336 megawatts of clean energy from the Galloper Offshore Wind Farm off the coast of Suffolk, U.K., to the British grid. The contract was awarded by…
29 January 2016
IHC Project Reaches Major Milestone
A project to build one of the world’s largest pipe laying systems has reached a major milestone with the arrival of the main tower section at Port of Blyth. The structure, designed by IHC Engineering Business, part of Royal IHC, and weighing almost 1,000 tonnes, has been shipped in from…
28 January 2016
Extension of Skipper Licence
Independent Oil and Gas plc, the North Sea focused oil and gas company, is pleased to announce that following discussions with the UK Oil & Gas Authority, the Skipper Licence P1609 Block 9/21a has been formally extended until 31 December 2016. As previously indicated, IOG intends to drill the appraisal…
28 January 2016
Dynamic Industries Receives Contract Award for Deck and Jacket
Dynamic Industries, Inc. a leading fabrication and service provider to the global oil, gas and energy industries, announced a new award for the refurbishment of a 500 ton production platform and 300 ton jacket, achieved by accelerating delivery dates accomplished by utilizing Dynamic’s large inventory of used structures. The offshore…
28 January 2016
Clough Awarded Second Hook-up Contract for INPEX-led Ichthys Project
Clough today announced that Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) has awarded a contract for the hook-up services on the Ichthys LNG Project Floating, Production, Storage and Offloading (FPSO) facility. The Ichthys FPSO is a 336 metre long, permanently moored and weather-vaning vessel designed to hold more than…
27 January 2016
McDermott Awarded Installation Contract for Deepwater Gulf of Mexico Subsea Tieback
McDermott International, Inc announced it has been awarded a subsea umbilical and flowline installation contract by Anadarko Petroleum Corporation in support of its Phase II development of the Caesar/Tonga field located in the U.S. Gulf of Mexico.Caesar/Tonga Phase II is being developed as a subsea tieback to the Anadarko-operated Constitution…
27 January 2016
Kosmos Energy Announces Significant Gas Discovery Offshore Senegal
Kosmos Energy announced today that its Guembeul-1 exploration well, located in the northern part of the St. Louis Offshore Profond license area in Senegal, has made a significant gas discovery.Located approximately five kilometers south of the basin-opening Tortue-1 gas discovery (renamed Ahmeyim) in approximately 2,700 meters of water, Guembeul-1 was…
27 January 2016
Shell Wins Shareholder Approval to Purchase BG Group
Royal Dutch Shell Plc won shareholder approval to buy BG Group Plc, sealing its biggest acquisition amid the worst oil-industry slump since the global financial crisis.More than 80 percent of Shell shareholders voted in favor of the transaction, the company said in a regulatory statement. Most votes were cast by…
27 January 2016
£2 Billion Scottish Offshore Wind Farm Ready to go to Construction
Offshore wind farm set to spend £1.1billion in Scotland and create more than 600 jobsMainstream Renewable Power today announced it is in exclusive discussions with a consortium led by power company InterGen, whose European headquarters are in Edinburgh, to take its 450 megawatts offshore wind farm to financial close and…
27 January 2016
Kenli 10-4 Oilfield Commences Production
CNOOC Limited today announced that the Kenli 10-4 oilfield has commenced production.The Kenli 10-4 oilfield is located in the South of Bohai with an average water depth of approximately 15 meters. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield, the Kenli 10-4 oilfield also included the…
27 January 2016
Rolls-Royce sells 100th Launch and Recovery System (LARS)
Rolls-Royce has won a contract to supply its 100th and 101st Launch and Recovery Systems (LARS). The contract signed with DOF Subsea, will see the latest two systems installed aboard the DOF Subsea Skandi Neptune.Rolls-Royce Launch and Recovery Systems allow the deployment and recovery of remotely operated vehicles (ROVs) to…
27 January 2016
Multiple ROV Contract to IKM Subsea Singapore
IKM Subsea has been awarded two contracts in the region for providing ROV services to different clients.The first is a repeat contract after a successful campaign in 2015. IKM Subsea Singapore has been awarded a subcontract for ROV services onboard a Derrick Lay Barge. The duration of the contract is…
27 January 2016
Clough Secures Hook-Up Contract for the INPEX-led Ichthys LNG Project
Clough today announced that Samsung Heavy Industries Co. Ltd. (SHI) has awarded a contract for hook-up services on the Ichthys LNG Project Central Processing Facility (CPF). The Ichthys CPF will become the world’s largest semi-submersible platform with a topsides weight of 70,000 tonnes.The scope of work includes the preparation and…
26 January 2016
JDR Awarded North Sea Umbilical Contract
JDR has been awarded a contract by Marathon Oil for the design and manufacture of 11.3 kilometres of power and static subsea umbilicals with accompanying termination hardware for the West Brae field.The full scope of the award will be manufactured and deployed from JDR’s Hartlepool, UK facility where they are…
26 January 2016
TEN Project FPSO En Route to Ghana
FPSO Prof. John Evans Atta Mills, which will produce and store oil from Ghana’s Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields, begins its voyage to GhanaThe floating production, storage and offloading (FPSO) vessel has been under construction in Singapore since October 2013. The departure of the vessel on schedule is an important…
26 January 2016
FMC Technologies Awarded $180 Million Subsea Systems Contract
FMC Technologies, Inc. announced today that it signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2) Project as part of the North West Shelf (NWS) Project in Western Australia. The contract is valued at approximately $180…
26 January 2016
Aker Solutions to Deliver FPSO Concept Study for Johan Castberg Field
The order is a call-off by Statoil on an engineering contract for Johan Castberg won by Aker Solutions in 2013."We've worked with Statoil for two years on finding a cost-effective solution that will enable development of this strategically important oil field in northern Norway," said Per Harald Kongelf, head of…
26 January 2016
Research Reveals 86% of Oilfield Services Industry Expecting Deals
A desire to capitalise on distressed situations, grow international market share and acquire new technology will drive a surge in M&A activity in the global oilfield services sector during 2016, according to major new research from international law firm Pinsent Masons.The survey of 200 senior executives across the oilfield services…
26 January 2016
Installation of First Foundations at Rampion Offshore Wind Farm
Following the accomplished offshore wind projects Humber Gateway and Amrumbank West E.ON continues to battle the elements. The company has announced that the first turbine foundation for Rampion project in the UK will be installed this week. The project remains on schedule, despite adverse weather conditions that already disrupted enabling…
25 January 2016
Forum Subsea Rentals Signs Global Agreement for Aquatec’s LEAKlog
Forum Subsea Rentals, a subsidiary of Forum Energy Technologies, Inc, and Aquatec Group Ltd are pleased to announce the signing of a global agreement for the rental of Aquatec’s proven LEAKlog™ leak detection and inspection suite. The Aquatec LEAKlog leak detection sensors are utilised for routine inspection and surveillance of…
25 January 2016
Heads of Terms Signed for an Upstream Partner in the Fortuna FLNG Project
Ophir has signed a non-binding Heads of Terms Agreement with Schlumberger whereby Schlumberger will, subject to due diligence, definitive documentation and Government approval, receive a 40% economic interest in the Fortuna FLNG project, offshore Equatorial Guinea. Ophir and Schlumberger will now work towards signing a definitive agreement, which is expected…
25 January 2016
SeaTrepid International LLC Orders Six Hugin AUV Systems
Kongsberg Maritime AS has announced the sale of 6 HUGIN AUV Systems. The vehicles will be operated by SeaTrepid International LLC. of Louisiana, USA and supported by Deep Ocean Search Limited.The AUVs are rated to 6000 metres. They have a comprehensive sensor suite including triple frequency sidescan sonar, KONGSBERG's de…
25 January 2016
SSE Sells Further 10% of Beatrice Offshore Windfarm
SSE has today confirmed the sale of a further 10% stake in the Beatrice offshore wind farm to joint venture partner Copenhagen Infrastructure Partners (CIP).The news marks another key step in the project’s preparation for construction, in advance of the upcoming final investment decision due in March 2016. SSE (40%)…
25 January 2016
Aker Solutions Starts Pioneering CO2-Capture Project in Norway
The project is the first of its kind globally for a waste-to-energy plant and comes after Aker Solutions in December signed a contract with the city government. The project is funded by Gassnova, the state enterprise that supports the development and demonstration of technologies to capture carbon dioxide (CO2)."This is…
22 January 2016
Lundin Petroleum to Sell FPSO Bertam
Lundin Petroleum has announced that it has entered into an agreement to sell the FPSO Bertam to M3nergy. Lundin Petroleum will receive a cash consideration of USD 265 million, based on a transaction effective date of 1 January 2016. Lundin Petroleum and M3nergy have entered an agreement under which Lundin…
22 January 2016
Contract Extension for FPSO Umuroa
BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa. The FPSO is operating on the Umuroa field offshore New Zealand for AWE.The firm period has been extended to Q4 2017 (from Q4 2016).Source: BW Offshore
22 January 2016
BW Athena to Demobilise in February
BW Offshore and Ithaca Energy have agreed on a termination of the FPSO BW Athena, and the unit will be demobilised in February 2016.The Athena field is located in the Moray Firth area of the UK Continental Shelf. BW Athena has had an uptime of 98% since first oil in…
22 January 2016
Wood Group Strengthens Commissioning Capabilities Through Magma Collaboration
Wood Group has established a collaborative agreement with international engineering consultancy, Magma Products (Magma) to extend its existing commissioning service. Headquartered in Aberdeen and specialising in the field of commissioning and start-up, Magma's services and software system will complement Wood Group's global commissioning experience.Under the collaboration, Wood Group and Magma…
21 January 2016
Statoil and Det Norske Looking For More Acquisitions
Norwegian oil firms Statoil and Det norske are looking at more acquisitions after recent deals, their chief executives told Reuters, hunting for bargains after a plunge in energy prices.Statoil last week bought an 11.9-percent stake in Sweden's oil firm Lundin Petroleum for $540 million, increasing its dominance on the Norwegian…
21 January 2016
Despite Oil Glut, Tullow Launches Huge New Deepwater Production Vessel
Amid one of the deepest oil price crashes in history, Britain's Tullow Oil (TLW.L) is sending one of the world's biggest floating deep-water oil production platforms to West Africa to pump crude for at least 20 years.The 340-metre long production vessel, named after late Ghanaian president Prof John Evans Atta…
21 January 2016
Laggan-Tormore Gas Production to Start Soon
The first gas production from Britain's Laggan-Tormore gas condensate fields off the Shetland Islands in the North Sea is expected to start "in the coming weeks," a Total spokesman said on Thursday.Operator Total is developing the two fields off the Shetland Islands in Scotland at a cost of about 3.3…
21 January 2016
Work on Statoil’s Offshore Windfarm to Start this Summer
Work on a massive windfarm off the coast of a north-east town will begin in the summer, it was revealed last night. Statoil’s £180million Hywind project was approved last year, and at a public exhibition in Peterhead last night, it was announced onshore work will begin in the summer.Leif Delp,…
20 January 2016
BP Remains Ambitious on Gas in Egypt
BP aims to double natural gas production in Egypt in the next four years despite weak oil prices as Egypt's burgeoning energy market offers hope for its battered economy.Egypt is on a drive to ramp up oil and gas production - aggressively signing exploration contracts, renegotiating production prices, and lobbying…
20 January 2016
Eni Sees First Oil from Goliat Field in Three to Five Weeks
Italy's ENI expects to start oil production at the Goliat field in the Barents Sea in three to five weeks pending completion of formal procedures, a company's official said on Tuesday."We expect (production) start as soon as the formal, administrative processing time of three to five weeks, in accordance with…
20 January 2016
Mubadala Petroleum and PEMEX Sign Memorandum of Understanding and Cooperation
Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Development Company (Mubadala), and Petróleos Mexicanos (PEMEX) have signed an agreement, in the presence of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates (UAE), and Ruler of Dubai, and Enrique Peña Nieto, President…
20 January 2016
Norway’s Arctic Ambitions Get a $7 Billion Boost
Norway’s largest oil company was able to halve its expected development costs to keep alive its delayed Johan Castberg development in the Barents Sea. The decision comes as welcome news for an industry that’s struggling with a deep plunge in oil prices and tens of thousands of job cuts.Statoil’s plans…
20 January 2016
Atlantis Marine Complete ROV Inspection Work in Azerbaijan
Atlantas Marine have completed ROV inspection work on the semi submersible ‘Heydar Aliyev’ rig in the Caspian Sea, offshore from Azerbaijan.The work was carried out by Atlantas Marine engineer and ROV pilot Mark Salter, whose task was to inspect a weld joint that measured 20 meters by 2 meters, and…
19 January 2016
CNOOC Limited Announces Its 2016 Business Strategy and Development Plan
CNOOC Limited has announced its business strategy and development plan for the year 2016.The Company's net production target for 2016 is in the range of 470-485 million barrels of oil equivalent (BOE), of which approximately 66% and 34% are produced in China and overseas respectively. The net production targets set…
19 January 2016
Furgo Undertakes Seabed Investigations for Hess
Fugro has been awarded a combined geophysical and geotechnical project by Hess Exploration Australia Pty Ltd (Hess) to assist in Hess’ activities in the Northern Carnarvon Basin offshore NW Australia. Fugro’s work will include seabed and shallow geological investigations including in areas of difficult terrain.For the first phase of the…
19 January 2016
Wood Group Wins Shell Prelude FLNG Contract
Wood Group has secured a three year contract with Shell Australia’s Prelude, Floating Liquefied Natural Gas (FLNG) project.Perth-based Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG, which will be located 475km north-north east of Broome in Western…
18 January 2016
Royal IHC Launches Seven Cruzeiro and Officially Names Seven Sun
Royal IHC has today successfully named and launched the 550t top tension capacity pipelay vessel, SEVEN CRUZEIRO, at its shipyard in Krimpen aan den IJssel. This is the final pipelaying vessel in a series of three ordered by Subsea 7, and the naming ceremony was performed by Mrs Sally Rosa,…
18 January 2016
Airborne Oil & Gas Secures Chevron Technology Ventures as Investor and Shareholder
Airborne Oil & Gas, the world’s leading composite pipe manufacturer, has secured an investment from Chevron Technology Ventures, the technology investment arm of Chevron Corporation of the USA. The Dutch manufacturer has developed a range of composite pipe products that offer unique benefits for offshore oil & gas operations. The…
15 January 2016
DeepOcean to Continue Ghana Job for Tullow
DeepOcean Ghana Limited has secured charter extension for the vessel Rem Forza to work on Tullow Ghana TEN project, the company said on Friday.The subsea construction vessel will provide accommodation support, commissioning support, and construction and survey support.The first 6-months contract was signed in February last year. The scope of…
15 January 2016
Sea Trucks Group Limited Addresses Media Reports on Vessel Arrest
Sea Trucks sold a vessel under construction, the “Jascon 18”, to new owners, who are independent of Sea Trucks. These owners engaged Sea Trucks to complete construction of the Jascon 18.On 7th January 2016, Jascon 18 was arrested on behalf of a shipyard in Singapore, which has been reported by…