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15 January 2016
Norway Still Expects Delayed Output Start at Giant North Sea Field
The Norwegian Petroleum Directorate continues to expect output at the Johan Sverdrup oilfield in the North Sea, Norway's most important industrial project, to begin later than Statoil expects it to, the head of the agency said on Thursday."We have a small disagreement with the operator on this because we have…
15 January 2016
SapuraKencana Petroleum Berhad Wins Contracts and Contract Updates Worth $117m
The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that wholly-owned subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately USD117 million (approximately RM503 million, based on USD/MYR exchange rate of USD1: RM4.3).more
15 January 2016
Pre-FID 2016: US$380bn of Capex Deferred
Twenty-two major projects and seven billion boe of commercial reserves delayed – that's the damage of the last six months.This represents the additional pre-financial investment decision (FID) projects and volumes we estimate have been deferred due to lower oil prices. This is in addition to the existing 46 developments and…
15 January 2016
Statoil and Partners Agreed on a Development Concept for Trestakk
Energy major Statoil and its partners have agreed on a development concept for their Trestakk oil and gas discovery off the coast of Norway after cutting the cost of the project by several hundred million dollars, the company said on Wednesday.A final decision on whether or not to go ahead…
15 January 2016
Premier Oil Launches Proposed Acquisition of UK North Sea Assets from E.ON
Premier Oil today announced it has agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus working capital adjustments. The proposed acquisition, which will be funded from existing cash resources, adds immediate cash generative production, realises tax synergies on Premier’s current…
15 January 2016
TITAN 4 Manipulator Training Added to The Underwater Centre’s ROV Courses
The Underwater Centre, Fort William, has added the FMC Schilling TITAN 4 syllabus to its current ROV training suite. The course familiarises candidates with all major components of the TITAN 4 manipulator; and provides system operation and routine maintenance procedures. The Underwater Centre has adapted the course to offer extensive…
15 January 2016
Neptune Awarded Chevron Diving Contract
Neptune is pleased to announce it has been awarded a marine maintenance diving contract by Chevron Australia Pty Ltd (“Chevron”) under a recently awarded Master Services Agreement (MSA).Neptune is pleased to announce it has been awarded a marine maintenance diving contract by Chevron Australia Pty Ltd (“Chevron”) under a recently…
13 January 2016
New KONGSBERG Acoustic Positioning Operator Station for Surveyors Installed on Olympic Bibby
Kongsberg Maritime Ltd, the UK division of Kongsberg Maritime has completed the first ever APOS Survey installation on Bibby Offshore's long term charter vessel, the Olympic Bibby. Launched this December, the new APOS Survey operator station enables surveyors to leverage the power of Kongsberg Maritime's de facto industry standard HiPAP…
13 January 2016
Saipem, Technip Among Bidders for $4B Nord Stream Tender
Italy's Saipem and France's Technip are among the companies vying for a $4 billion contract to expand the Nord Stream gas pipeline, Russian business daily Kommersant reported on Wednesday citing sources. Media reports have earlier suggested Saipem would participate in the pipeline expansion, driving its shares higher. Swiss Allseas and…
13 January 2016
IKM Ocean Design Awarded Johan Castberg Subsea Contracts
Statoil has awarded the contract for Johan Castberg Subsea – Integration Pre-FEED and FEED Project with Options to IKM Ocean Design.The contract includes Pre-FEED and FEED of pipelines, risers, cables, tie-ins and related structures on the Johan Castberg field. Furthermore, detail design and follow-on engineering are included as options along…
13 January 2016
SBM Offshore Awarded FEED for Premier Oil Sea Lion FPSO
SBM Offshore is pleased to announce that Premier Oil plc (Premier) has awarded the Company the Front-End Engineering and Design (FEED) contract for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin.The 18-month contract awarded to SBM Offshore covers the FEED elements of the…
12 January 2016
iSURVEY Awarded Contract with Nexans
iSURVEY AS, Norway, has been awarded a multi-year frame agreement with Nexans Norway AS to provide navigation, positioning and survey support for its cable lay operations on board the ‘C/S Nexans Skagerrak’.iSURVEY will provide services including positioning and monitoring during cable lay and trenching operations, together with as-trenched and as-laid…
12 January 2016
Eni Starts Production of Mpungi Offshore Field at the West Hub Development in Angola
Eni has started production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep Offshore, approximately 350 kilometres northwest of Luanda and 130 kilometres west of Soyo.The start-up of Mpungi field, which follows the West Hub’s first oil from the Sangos field in…
12 January 2016
Ithaca Energy Operations Update & 2016 Outlook
Ithaca Energy Inc provides an operations update and guidance on the outlook for the year ahead.In 2016 production is forecast to more than double to approximately 25,000 barrels of oil equivalent per day ("boepd") after Stella start-up.Average production in 2015 totalled approximately 12,100 boepd – exceeding full year guidance of…
12 January 2016
Serimax, a Vallourec Subsidiary, and Technip, to Enter into Strategic Partnership for Pipeline Welding
Serimax, a Vallourec subsidiary, a world leader in offshore & onshore welding solutions, and Technip, a world leader in project management, engineering and construction for the energy industry, signed today an agreement in principle in order to achieve a strategic partnership in the domain of pipeline welding. In this respect,…
11 January 2016
Noreco Announces Exit of the Huntington License
Norwegian Energy Company ASA (Noreco) reports that its UK subsidiary, Noreco Oil UK, has now been served formal notice by the license partners, E.ON UK E&P Limited and Premier Oil Plc, that they will exercise their rights to acquire Noreco’s participating interest in the Huntington license for no consideration, in…
11 January 2016
POSH Terasea Wins Project for Services at World's Largest Offshore Facility
POSH Terasea will project manage, tow and position the Shell Prelude floating liquefied natural gas (FLNG) platform from South Korea to the Prelude offshore gas field in AustraliaSpecialist offshore service contractor, POSH Terasea, has secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural…
11 January 2016
Successful Isobel Deep Re-drill
Premier Oil plc has announced that the Isobel Deep re-drill (well 14/20-2) has successfully confirmed the oil discovery encountered in the original Isobel Deep well. In addition, this re-drill has discovered new hydrocarbons in additional sandstones.The well which is located on licence PL004A (Premier 36% operated interest), reached TD at…
11 January 2016
Statoil Signing New Agreements with OneSubsea and Aker Solutions
Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS.The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also been…
11 January 2016
Iona Energy Company (UK) Plc and Iona UK Huntington Limited Appoint Administrators
On 6 January 2016, Chad Griffin and Lisa Rickelton of FTI Consulting LLP were appointed as Joint Administrators of Iona Energy Company (UK) plc and Iona UK Huntington Limited, both oil and gas exploration and production companies with assets in the UK North Sea.Iona Energy Inc. (the Canadian parent of…
11 January 2016
Oil & Gas M&A to Ramp Up in 2016 as Financial Pressures Drive Companies into Action
In contrast to 2015, upstream oil and gas deal activity is set to ramp up this year regardless of what happens to the oil price, according to Wood Mackenzie's M&A outlook for 2016. Should oil prices stay low, companies will be forced to sell assets and merge businesses: to free…
7 January 2016
Wood Group Wins PetroRio Contract in Brazil
Wood Group has been awarded a new contract by PetroRio to deliver services to the Polvo A platform, in the southern Campos basin, approximately 100 kilometres off the coast of Rio de Janeiro. Integrated operations and maintenance services will be provided by Wood Group PSN under the two year contract,…
7 January 2016
ORE Catapult and Atlantis Resources Announce Testing of Next Generation Tidal Turbine Power Train
ORE Catapult and Atlantis Resources have announced that the tidal developer’s next generation 1.5MW tidal turbine, the AR1500, will undergo a six week test programme at the National Renewable Energy Centre in Blyth. The tests aim to de-risk the AR1500’s deployment by proving the reliability and validating the performance of…
7 January 2016
Upstream Oil and Gas M&A Deal Count and Asset Transaction Value Plunged in 2015
Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult for buyers and sellers to achieve…
7 January 2016
New Global Framework Agreement with Aker Solutions Drives Efficiency in Subsea Oil and Gas Developments
Lloyd’s Register and Aker Solutions collaborate under a new global framework agreement to drive efficiency in engineering and subsea oil and gas developments.Agreement demonstrates Aker Solutions’ commitment to advance their business performance initiatives in a tough environment of challenging market economics – and to ensure continued innovation in design with…
6 January 2016
Clough AMEC Awarded Contract
Clough AMEC Pty Ltd is pleased to announce the award of a new three year contract with Conoco Phillips in Australia, to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development, located in the Timor Sea.The Bayu-Undan offshore facilities consist of a floating storage and offloading…
6 January 2016
Huisman Holds Steel Cutting Ceremony for COOEC’s 325mt VLS
In December 2015, Huisman, the worldwide specialist in lifting, drilling and subsea solutions, held a steel cutting ceremony together with COOEC, a subsidiary of CNOOC, for their new pipelay system at the Huisman facility in China. It is a 325mt Vertical Lay System for flexible pipe. It will be the…
6 January 2016
Woodside Discovers Gas Offshore Myanmar
Woodside advises that the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of approximately 129 m. Approximately 15 m of net gas pay is interpreted within the primary target interval.more
6 January 2016
Feasibility Study on Subsea CO2 Storage
On Monday, the Ministry og Petroleum and Energy signed an agreement with Statoil on a feasibility study regarding CO2 storage on the Norwegian Continental Shelf (NCS). The study will include various development concepts for storing CO2 at three different locations on the NCS. The study is to be completed by…
31 December 2015
First Gas from the Corrib Field
Operator Shell announced today that gas production has started from the Corrib field off the northwest coast of Ireland. Statoil holds a 36.5% participating interest in the field.The Corrib gas field is located 83 kilometres off Ireland’s northwest coast in water depths of almost 350 metres. At peak annual production,…
30 December 2015
Subsea 7 Awarded Contract Offshore Egypt
Subsea 7 has announced the award of a sizeable contract by Burullus Gas Company S.A.E. for the platform extension and tie-in on the first phase of the West Nile Delta development of the Taurus and Libra fields by BP, offshore Egypt.Engineering and project management work will commence immediately and will…
29 December 2015
TAQA Announces First Oil from Cladhan Field
Aberdeen, UK – Abu Dhabi National Energy Company PJSC (TAQA), has announced first oil from the new Cladhan field development in the UK North Sea. The field is developed as a subsea tie-back to the TAQA-operated Tern Alpha platform. Peter Jones, TAQA’s UK managing director, said: “Cladhan is the third…
22 December 2015
Fugro’s Trenching System Completes Gemini Export Cable Burial
Fugro recently completed the burial of export cables at the Gemini offshore wind park, off the Netherlands coast.Fugro was awarded a contract by Van Oord in April and mobilised one of its two Q1400 trenching spreads onto the Van Oord support vessel Jan Steen to execute the export cable burial…
22 December 2015
Ocean Installer Wins Offshore Wind Contract
Ocean Installer has been awarded an offshore wind contract with Norddeutsche Seekabelwerke GmbH. This strengthens Ocean Installer’s position in the European offshore wind market.“We are very pleased that we are able to secure a very interesting project within the offshore renewables wind market and demonstrate our capabilities on such a…
22 December 2015
Lundin Petroleum Makes Discovery Near Edvard Grieg
Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Rolvsnes exploration well 16/1-25 S as an oil discovery. The well is located in PL338C south of the Edvard Grieg field in the central North Sea sector of the Norwegian Continental Shelf…
21 December 2015
McDermott and Larsen & Toubro Consortium Awarded SURF Scope
McDermott International, Inc. has announced that a consortium of McDermott and L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Indian conglomerate Larsen & Toubro, was awarded a contract covering the engineering, procurement, construction and installation of major subsea field infrastructure for the Vashishta and S1 Development Project, a greenfield…
21 December 2015
EMAS AMC Wins Contracts in the Middle East and Asia
Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, has announced its Subsea Services division, EMAS AMC has won subsea contracts worth nearly US$70 million, including work with a new client in the Middle East.The scope of work in the Middle…
18 December 2015
UTEC NCS Survey Wins Multi-Year Rig Move Positioning Framework Contract with Total
UTEC NCS Survey, part of UTEC (an Acteon company) has announced the award of a multi-year rig move and positioning framework contract with Total E&P UK Limited.Total E&P UK Limited recently awarded the three-year contract with the opportunity to provide positioning services on any of their fleet of rigs and…
18 December 2015
Global Marine is to Install Bali-Lombok Subsea Cable
Global Marine Systems Limited announced that it has secured a sub-contract to install approximately 48 km of optic cable between the Indonesian islands of Bali and Lombok. The main contract of this project was signed to the turnkey solution provider Huawei Marine.The main lay of the project will see cable…
18 December 2015
ScottishPower Renewables Joins Forces with Atlantis Resources
Atlantis and ScottishPower Renewables (UK) Limited (“SPR”) are teaming up to develop a joint portfolio of projects for the fast growing tidal sector, Atlantis announced. Atlantis’s Scottish project development vehicle, Tidal Power Scotland Limited (“TPSL”), will acquire SPR’s portfolio of tidal projects in exchange for a 6% shareholding in TPSL…
18 December 2015
Oseberg Vestflanken to be Developed
Statoil and its partners has submitted a Plan for Development and Operation (PDO) for Oseberg Vestflanken 2 in the North Sea.The new development will consist of an unmanned wellhead facility which will both recover oil and gas from new deposits and improve the recovery rate from other producing deposits.The development…
18 December 2015
Aker Solutions and Saipem to Cooperate on Subsea Projects
Aker Solutions and Saipem agreed to cooperate on targeted subsea oil and gas development projects worldwide.The companies will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions' capabilities in subsea products and technologies with Saipem's assets and expertise in engineering, procurement,…
18 December 2015
Cameron Stockholders Vote to Adopt Merger Agreement with Schlumberger
Cameron announced that its stockholders, at a special meeting held earlier today, have overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of Cameron by a wholly owned subsidiary of Schlumberger Limited. Upon completion of the transaction, each share of Cameron common stock will convert into…
17 December 2015
Israeli PM Gives Final Approval for Leviathan Gas Field Development
After years of political infighting, Israeli Prime Minister Benjamin Netanyahu signed a deal on Thursday giving final approval for the development of the Leviathan natural gas field off Israel's coast.Despite fierce criticism from opponents who argue Israel's largest gas reserve will be controlled by one group, limiting competition, Netanyahu has…
17 December 2015
INPEX Makes Further Discovery of Oil in Espírito Santo Basin
INPEX Corporation announced it has discovered oilbearing sandstone layers amounting to a cumulative thickness of approximately 70m at a depth of about 4,850m through appraisal drilling in the BM-ES-23 concession in the Espírito Santo Basin offshore Brazil.The drilling is part of the appraisal work being conducted since 2013 to further…
17 December 2015
Wood Group Awarded FEED Contract by Shell in Australia
Wood Group has secured a front-end engineering and design (FEED) contract for the Woodside-operated proposed Browse floating liquefied natural gas (FLNG) Development.Under a new 12 month contract awarded by Shell, Wood Group Kenny (WGK) will carry out flow assurance and process integration studies for the proposed development’s three offshore gas-condensate…
17 December 2015
FPSOs Switch Places at Rio yard
Having arrived mid-July at BRASA shipyard, FPSO Cidade de Maricá will depart shortly from the quayside to offshore Brazil, where the high-capacity vessel will be installed and operated for the next 20 years. A symbol of Brazil’s successful pre-salt production, Maricá will join the increasing ranks of FPSOs which contribute…
17 December 2015
DEA More Than Doubles Production in Norway
The acquisition of 100% of the shares of E.ON E&P Norge AS by DEA Norge AS has been completed on the 16th of December. With the deal, DEA Deutsche Erdoel AG enhances its presence in Norway and its long-term commitment to the country’s oil and gas industry. The Norwegian Ministry…
16 December 2015
First Subsea Completes Heidelberg Spar Mooring
Deepwater mooring specialist, First Subsea Ltd, has completed the installation of subsea mooring connectors for Anadarko Petroleum Corp's Heidelberg truss spar platform moored in 5,310ft (1,620 m) of water in field development in the Gulf of Mexico.The 23,000-ton spar has been moored by nine Series III Ballgrab ball and taper…
16 December 2015
Pil and Bue: Proposed Programme for Impact Assessment
VNG Norge submits proposed programme for impact assessment for development and operation of the Pil & Bue project in PL586.VNG Norge AS is the operator of the Pil & Bue discoveries proven in production license 586 in the blocks 6406/11 and 12 in the Norwegian Sea. The licensees of the…