Search News
Latest News
16 December 2015
Amec Foster Wheeler Awarded Contracts Worth Over £30 Million by BP
Amec Foster Wheeler announced that it has been awarded three contracts by BP to provide services to the Glen Lyon Floating Production, Storage and Offloading (FPSO) vessel as part of the Quad 204 Project, located 175 km west of the Shetland Isles, UK. The three reimbursable contracts are worth £31.5…
16 December 2015
W&T Offshore Announces New Deepwater Gulf of Mexico Discovery
W&T Offshore, Inc. have announced a significant discovery at the Ewing Banks 954 A-8 exploratory well located in the deepwater Gulf of Mexico. The well, which recently reached total depth, represents the second discovery in a two-well drilling program from the EW 910 platform. This second well follows the earlier…
15 December 2015
Bibby Offshore Secures Multimillion Pound Subsea Project with BP
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has been awarded a multimillion pound contract by BP to replace subsea infrastructure in the Central North Sea. The work is part of the $1billion Eastern Trough Area Project (ETAP) Life Extension Project announced by BP in…
15 December 2015
Marin Teknikk Wins Contract for Advanced Offshore Dive & Construction Vessels
Marin Teknikk has entered into a contract with Wuchang Shipbuilding Industry Group for delivery of Design & Engineering of two Diving & Construction vessels for Ultra Deep Offshore Ltd. in Singapore. The vessels are a newly developed MT6023 DSCV design, and will be equipped with an 18 men diving system…
15 December 2015
Statoil, Gassco and ExxonMobil Have Received Consent for Manned Underwater Operations
Statoil, Gassco and ExxonMobil have received consent for manned underwater operations in 2016. The services are to be supplied by Technip and Subsea 7.Statoil, Gassco and ExxonMobil have received consent to perform manned underwater operations for one year. Statoil has signed framework agreements with the companies Technip Norge AS and…
15 December 2015
VAALCO Energy Announces Second Successful Development Well
VAALCO Energy announced that the North Tchibala 2-H well, the second development well drilled by VAALCO in the North Tchibala field, was brought online at a stabilized rate of approximately 500 gross barrels of oil per day (BOPD), or 122 BOPD net revenue interest to VAALCO. The well was drilled…
15 December 2015
Wales Steps Forward in Marine Renewable Energy
A Welsh tidal stream technology company has installed the country’s first tidal energy generator in Ramsey Sound, Pembrokeshire. Developed by Cardiff-based Tidal Energy Ltd, the DeltaStream device will become one of the first grid-connected demonstration devices worldwide to generate green, sustainable and predictable tidal power. The patented DeltaStream device was…
15 December 2015
Technip Awarded Subsea Contract for the Odd Job Deepwater Field
Technip has been awarded a lump sum contract by Deep Gulf Energy II, LLC for the development of the Odd Job field. This ultra deepwater field is located in Mississippi Canyon, offshore New Orleans, in the Gulf of Mexico, in water depths ranging from 1,330 to 1,825 meters.The contract consists…
14 December 2015
Global Maritime Deep Sea Mooring Wins Lundin Norway Contract
Global Maritime Deep Sea Mooring has been awarded a three-year contract with Lundin Norway for mooring equipment services. Through the contract, Deep Sea Mooring confirms its leading position in the mooring market segment.Deep Sea Mooring (DSM) will provide services and products supporting Lundin's activities on the Norwegian Continental Shelf (NCS)…
14 December 2015
Ocean Installer Awarded Further Work Under Existing Statoil Contract
Ocean Installer has signed an amendment with Statoil for riser replacement operations at the Troll C field. This includes options for work at the Vigdis field. The work will be executed under the SLMP Marine Installation Contract.“We are extremely pleased to have secured more work at the Troll field as…
11 December 2015
FMC Technologies Delivers Ahead of Schedule for Tullow's TEN Project
FMC Technologies has announced another successful milestone in executing the Tullow Oil led TEN Project, by delivering the project's eighth subsea tree four weeks ahead of schedule.FMC Technologies is assembling and testing all subsea trees for the TEN Project - Ghana's next major offshore oil development - at its recently…
11 December 2015
Total Brings Moho Phase 1B Project on Stream
Total has brought on stream the Moho Phase 1b project, located 75 kilometers off the coast of Pointe-Noire in the Republic of the Congo. The project is operated by Total and has a production capacity of 40,000 barrels oil equivalent per day (boe/d). “Moho Phase 1b is our ninth start-up…
11 December 2015
Alfa Laval Wins Offshore Pumping Systems Order from Maersk Oil
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Framo pumping systems to an oil platform in the UK. The order, booked in the Marine & Offshore Pumping Systems segment, has a value of approximately SEK 100 million…
11 December 2015
Statoil Receives Consent for Modifications at Kristin and Tyrihans
Kristin is a gas condensate field at Haltenbanken in the Norwegian Sea. Statoil is the operator of the field, which has been developed using a subsea facility tied back to a semi-submersible processing facility. Statoil has applied for consent for the modifications necessary to allow the Maria field to be…
11 December 2015
Consent to Extend the Lifetime of Eldfisk
ConocoPhillips has received consent to extend the lifetime of facilities and pipelines on the Eldfisk field.ConocoPhillips is the operator of Eldfisk, an oil field in block 2/7 in the southern North Sea. The field was discovered in 1970 and production began in 1979. The first development comprised three facilities with…
11 December 2015
North West Shelf Project Approves Developments of GWF-2 Project
Woodside, as Operator of the North West Shelf (NWS) Project, advises that the project participants have approved the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia.The GWF-2 Project will develop 1.6 trillion cubic feet of raw gas (2P 100% project basis) from the combined Keast,…
11 December 2015
Statoil and Repsol Announce Transactions in Norway, UK, US and Brazil
These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies.Statoil farms down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a 36% interest.Pending…
11 December 2015
New Glen Lyon FPSO Sets Sail for West of Shetland
BP, on behalf of the Schiehallion co-venturers Shell and OMV, announced today that the new Glen Lyon floating production storage and offload (FPSO) vessel has started sea trials as it begins its journey towards the west of Shetland where it will serve as the hub for the 450 million barrel…
11 December 2015
CIS Group Completes Conductor Installation Campaign in Malaysia
CIS Group (CIS), an Acteon company that provides hammer services to install conductors and drive piles, completed a successful conductor installation campaign in Malaysia, which was finished nearly two days ahead of schedule, saving the oil and gas operator time and money. The announcement coincides with CIS Group’s 10th anniversary,…
11 December 2015
Xodus Wins Over £5 Million of Vibration Contracts
Xodus Group has won a clutch of international vibration contracts bringing the total value for this year to £5 million.Managed through its vibration specialists in the UK and the UAE, the projects involve identifying and reducing vibration in global oil and gas assets, a significant challenge for oil and gas…
11 December 2015
Johan Sverdrup Pipeline Contracts Awarded
Statoil has, on behalf of the Johan Sverdrup partners, awarded contracts for the linepipe , coating and pipe installation of the Johan Sverdrup export pipelines.The total contract value is estimated at slightly less than NOK 2.5 billion, the three contracts cover both the oil and the gas export pipelines for…
11 December 2015
Statfjord Satellite Fields Increase Annual Production
Overall yield from the Statfjord satellite fields, which are part-owned by Centrica, has increased 30 per cent above expectations during 2015; the third consecutive year annual production has risen.The switch to become a mainly gas producing field, coupled with efficient working methods and high-quality decision making when locating new wells,…
11 December 2015
Chevron Announces Capital Plan for 2016
Chevron Corporation has announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015."Our capital budget will enable us to complete and ramp-up projects under…
11 December 2015
McDermott Awarded Contract in Trinidad
McDermott announced it has been awarded a sizeable transport and installation contract by an upstream oil and gas operator for a project offshore Trinidad, West Indies.The contract award includes the transport and installation of a 1,000-ton deck and 1,600-ton jacket. It also covers the onshore fabrication, reel-lay and pre-commissioning of…
11 December 2015
DEA Completes Farm Down in West Nile Delta Project
DEA Deutsche Erdoel AG has completed the farm-down of its stake in the West Nile Delta (WND) project in Egypt. Its share in all WND fields is now equalized at 17.25%. The share reduction was part of the company’s portfolio optimization. DEA remains committed to Egypt’s energy production.The WND development…
11 December 2015
Wood Group Kenny Wins FEED Contract in Australia
Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia.Under the new contract with Woodside, effective immediately, Wood Group Kenny (WGK) will progress the configuration design of the flexible risers and umbilicals for the asset’s offshore…
8 December 2015
Tracerco Lands UK North Sea Contract
International oil and gas service provider, Tracerco, part of FTSE100 firm Johnson Matthey Plc has landed a contract to provide smart tracer technology for flow measurement of six new wells in Statoil's Maureen reservoir of the Mariner field in the UK North Sea. Heavy oil was discovered at the field…
8 December 2015
Wood Group Secures new ConocoPhillips Contract
Wood Group has won a new, multi-year contract with ConocoPhillips in Australia. Effective immediately, Wood Group PSN will deliver brownfield engineering services to the Bayu-Undan field located south west of Timor-Leste and the Darwin liquefied natural gas (LNG) plant at Wickham Point, Darwin.Contract personnel will be based onshore in Perth,…
7 December 2015
Subsea 7 to Decommission Two Centrica Fields
Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning programmes, located in the southern North Sea.This project is the latest call-off contract under a partnership frame agreement signed in 2005. Subsea 7 has partnership frame agreements with several independent operators, to…
7 December 2015
OSD Develops New RLWI / IMR Vessel for Austin Offshore
OSD-IMT, the UK division of Netherlands-based Offshore Ship Designers (OSD), is designing two 120 m IMT9120 Riserless Light Well Intervention / IMR vessels for Austin Offshore Pte Ltd, the shipping arm of Upstream Drilling Pte Ltd, Singapore.The diesel-electric propulsion vessels are intended to carry out riserless light well intervention, light…
7 December 2015
Ingen Ideas Awarded Engineering Contract
Ingen Ideas, an Amec Foster Wheeler company, announced the award of a contract worth approximately £8million by Marathon Oil. The five-year multi-discipline engineering contract covers Marathon Oil’s Brae Complex in the North Sea.The contract started in October 2015 and will run for five years, with the potential for two further…
7 December 2015
Iran Sign $3 Billion Agreement with Indian Consortium
Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency.Saeed Hafezi, the director of the Falat Ghare oil company, said the lifting of sanctions means the consortium can resume development,…
7 December 2015
26 Companies Want to Explore in Northern Norway
The application deadline for production licences in the 23rd licensing round expired on 2 December. Twenty-six companies had applied for exploration acreage by the end of the deadline.This licensing round comprises 57 announced blocks or parts of blocks, 3 of which are in the Norwegian Sea and 54 in the…
7 December 2015
Fluor Agrees to Acquire Stork
Fluor Corporation and Stork announced today that Fluor has signed an agreement with UK-based private equity firm Arle Capital Partners to acquire 100 percent of Stork Holding B.V., based in the Netherlands, for an investment of €695 million ($755 million).Stork is a global provider of maintenance, modification and asset integrity…
4 December 2015
FPSO Contract Extended on Polvo Field, Offshore Brazil
BW Offshore has received a two year contract extension for the lease and operation of the FPSO Polvo. The FPSO is operating on the Polvo field offshore Brazil for Petrorio. The firm period has been extended to Q3 2018 (from Q3 2016), with options until Q3 2022.Source: BW Offshore
4 December 2015
Anadarko Achieves New Mozambique LNG Milestones
Anadarko Petroleum Corporation has announced that, along with the concessionaires of Offshore Area 1 (operated by Anadarko Mozambique Area 1 Ltd. (AMA1)) and Offshore Area 4 (operated by Eni East Africa (EEA)), it has signed a Unitization and Unit Operating Agreement (UUOA) for the development of the massive natural gas…
4 December 2015
Ocean Installer Secures First Job in Nigeria
Ocean Installer has been awarded a contract for field development work in Nigeria for Folawiyo Aje Services Limited. The contract starts with immediate effect.Ocean Installer will perform the offshore construction of the Aje Ph1 project off the coast of Nigeria. The scope of work includes mooring buoy installation and hook…
3 December 2015
Contract Award in Angola Strengthens Harkand’s Position in West Africa
HARKAND and its local consortium partner TOS Angola Lda has secured a three-year contract to deliver inspection, repair and maintenance (IRM) services in Angola for a major international oil company operating in the West Africa region.The recently upgraded multi-purpose dive support vessel (DSV) Swordfish has been mobilised to support the…
3 December 2015
Hydratight Seals Significant Deal with Subsea 7
Hydratight has won one of the largest pipeline connector orders in the industry from Subsea 7 to support their Emergency Pipeline Repair System (EPRS) project in Australia. The repair system is part of the contingency planning for multiple pipelines associated with Chevron Australia’s liquefied natural gas assets and INPEX’s Ichthys…
2 December 2015
Green light for the Drilling Campaign Offshore Mexico
Eni has signed a PSC with the Mexican authorities for the development of 3 oil fields located offshore Mexico. The three oil fields are located in the Bay of CampecheEni signed in Mexico City with the Comisión Nacional de Hidrocarburos of Mexico (CNH) a Production Sharing Contract (PSC) for the…
2 December 2015
INEOS Completes Deal to Acquire DEA UK North Sea Gas Fields
INEOS today completed the purchase of the North Sea natural gas assets of DEA Deutsche Erdoel AG, which is owned by L1 Energy . The platforms, infrastructure and the highly skilled team that runs them will form part of the new INEOS Breagh business division that will be based in…
2 December 2015
Solstad Offshore Awarded Multiple Year Agreement for the Norce Endeavour
Solstad Offshore ASA (“SOFF”) has executed a multiple-year contract with Chevron Offshore (Thailand) Ltd., Chevron Thailand Exploration and Production, Ltd. and Chevron Pattani, Ltd. (“Chevron”) in Thailand for its Offshore Installation and Construction program utilizing the Derrick Lay Barge “DLB Norce Endeavour”.“DLB Norce Endeavour” will install multiple new Wellhead Platforms…
1 December 2015
ABB Commissions Cable Link to Deliver Clean Power to Goliat Offshore Oil Field
ABB’s high voltage alternating current (AC) cable system to supply power from Norwegian grid to Goliat floating production platform.ABB, the leading power and automation technology group, has successfully commissioned a subsea power link for oil and gas company Eni Norge, that will supply power from the Norwegian grid to the…
30 November 2015
Iran Pitches 52 Oil & Gas Projects under New Contract Terms
Iran has offered 52 oil and gas development projects in addition to 18 exploration blocks at the Tehran IPC Conference.The projects include 29 new and currently producing oilfields and 23 gas developments. Onshore fields make up 34 of the projects. The projects are estimated to be worth more than 30…
30 November 2015
Fugro Performs Offshore Survey Work in Equatorial Guinea
Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Limited for the provision of survey services for the development of large scale assets and infrastructure offshore Equatorial Guinea.Under the contract Fugro will deploy three of its specialist vessels - Fugro Searcher, Fugro Scout and Fugro Frontier –…
30 November 2015
Perenco Makes Final Investment Decision in Cameroon
Gazprom Marketing & Trading Singapore Pte Ltd (“GM&TS”), Société Nationale des Hydrocarbures (“SNH”), Perenco Cameroon S.A. (“PERCAM”), Golar Hilli and Golar Cameroon (“GOLAR”) are pleased to announce the signing of an eight year floating liquefied natural gas project, off the coast of Kribi, Cameroon.The project is based on the allocation…
30 November 2015
Sale of Skandi Protector
DOF Subsea has entered into agreement for the sale of Skandi Protector to the Commonwealth of Australia. Delivery to new owners is expected in Q1 2016 and the sale will release approx. NOK 300 million in liquidity after repayment of debt.Skandi Protector, of Aker ROV 06 design, was built in…
30 November 2015
First Oil from the Edvard Grieg Field
Lundin Petroleum AB (Lundin Petroleum) has announced that first oil from the Edvard Grieg field in the Norwegian North Sea was achieved on 28 November 2015. The Edvard Grieg field has commenced production and marks the beginning of a transformational increase in Lundin Petroleum’s production levels and cash flow generation…
30 November 2015
MacGregor Wins Order for Pioneering Offshore Wind Farm Project
MacGregor, part of Cargotec, has won an order for substructure connection mooring systems for the world's first floating offshore wind farm: Statoil's Hywind pilot park in Scotland.MacGregor will be responsible for the delivery of the Pusnes substructure mooring connection system for the pilot project's five floating wind turbines. Delivery of…
27 November 2015
GloMar Purchases Vessel from Fugro
GloMar Shipmanagement B.V. has proudly announced the procurement of the FUGRO COMMANDER which is a Dynamically Positioned (DP) shallow draft geotechnical vessel. She will be renamed GLOMAR VANTAGE. Due to the growth of the GloMar Subsea division and the ability to perform Diving and ROV operations with this vessel, GloMar…