Latest News

Danish Energy Agency: Material for the Market Dialogue on Conditions for the Call for Tender on Thor Offshore Wind Farm

The Danish Energy Agency published detailed material concerning central elements and questions, which will be discussed with market players at the market dialogue on 25 Nov 2019 in Copenhagen.At the Market Dialogue, the Danish Energy Agency and Energinet will present some of the key elements of the tendering procedure. Moreover,…


Ocean Infinity Launches Third Vessel

Ocean Infinity, the next generation sub-sea technology and data company, announced the successful launch of its third vessel, Normand Frontier. The vessel has now been mobilised, having been signed on a three-year year charter with the Norwegian ship owner Solstad Offshore, in December 2018.The Normand Frontier is a modern, fuel-efficient,…


Shawcor Announces Letter of Intent to Provide Pipe Coating Services for the Proposed Payara Project

Shawcor Ltd. announced that its pipe coating division has entered into a detailed letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana. The coating value of this phase is estimated to be similar to the individual phases of the Liza development…


MMA Offshore Limited - Contract Update

MMA Offshore Limited updated the market on a number of new contract awards and extensions.AGR Australia has awarded MMA a two-vessel contract supporting the Noble Tom Prosser Rig as part of the Victorian Government’s CarbonNet Project. The contract is expected to commence in late November 2019 with a duration of…


BP Trinidad & Tobago Makes Gas Discovery

BP Trinidad & Tobago (BPTT) announced that it has made a gas discovery with the Ginger exploration well, offshore Trinidad. The well is expected to be completed by the end of November 2019. The results of the Ginger well will continue to be evaluated following the completion of drilling operations,…


JX Nippon Oil & Gas Exploration: License Term Extension of Phuong Dong Oil Field in Block 15-2, Offshore Vietnam

JX Nippon Oil & Gas Exploration Corporation ("JX NOEX") announced that a 5-year license extension has been granted by the government of Vietnam for JX NOEX's petroleum operations in Phuong Dong oil field in Block 15-2, offshore Vietnam.The previous license term was due to expire in April 2020. Japan Vietnam…


DNO Increases North Sea Financing Facilities

DNO ASA, the Norwegian oil and gas operator, announced that its wholly owned subsidiary, DNO North Sea plc, formerly Faroe Petroleum plc, has increased and extended its reserve based lending (RBL) facility and its exploration financing facility (EFF).As amended, the RBL facility limit has been increased from USD 245 million…


​Shearwater GeoServices Awarded Largest-ever 4D Campaign in the Asia Pacific Region by Woodside

Shearwater GeoServices Holding AS has been awarded the largest-ever 4D seismic campaign in the Asia Pacific region covering up to six fields operated by Woodside in Australia.The campaign, planned to commence in Q4 2019, covers new 4D acquisition over the Pluto, Brunello, Laverda, Cimatti and Vincent fields with an option…


Installit Awarded New Contract with DeepOcean

Installit has been awarded a long term contract with DeepOcean AS for three full time senior project engineers. The assignments consist of providing engineering services for installation and replacement of umbilical and flexible risers on floating platforms on the Norwegian Continental Shelf.


Saipem: New Subsea Contract in Guyana

Saipem has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (“EEPGL”) for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2000 metres. The contract scope includes Subsea Structures, Risers and Flowlines.Saipem was awarded earlier…


Total Announces First Oil from Iara

Total announced first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt. This marks the start-up of the FPSO P-68, the first of the two floating production, storage and offloading units (FPSO) already launched and to be installed on the license. The second, the P-70,…


“Stena Forth” Drillship Contracted for Karoon’s Marina-1 Exploration Well in Peru

Karoon Energy Ltd announced that it has executed binding agreements with Stena Drilling Ltd and Tullow Oil Limited to contract the “Stena Forth” Dynamically Positioned Drillship.The “Stena Forth” has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the…


Hung Hua Construction of Taiwan Orders Third Fast Crew Supplier this year to Support Offshore Wind Ambitions

Hung Hua Construction of Taiwan has ordered a third Damen Fast Crew Supplier (FCS) to add to the two it ordered at the start of the year. This latest vessel will be a Damen FCS 2610. The contract was signed by the two parties at the start of September and,…


FAR Limited: Financing Update for the SNE Field Development

FAR Limited has previously indicated that it has a broad range of financing options for the development of the SNE field under investigation. In anticipation, FAR has for some time been seeking the best debt financing solution for the Company.As previously advised, there are a range of possible financing methods…


Aker Solutions and Leading Operators Join Forces to Qualify Subsea Gas Separation

Aker Solutions and a group of the world’s leading oil and gas operators have come together in a joint industry project with the aim of making subsea gas separation a reality.Using CO2 injection to increase recovery rates in offshore oil and gas fields can improve the economics of a field…


Equinor Buying Inspection Services for NOK 3.5 billion

Equinor has chosen suppliers for inspection services on all offshore installations on the Norwegian continental shelf and onshore plants in Norway. The frame agreements are scheduled to be signed shortly.The agreements will be awarded to Aker Solutions AS, Axess AS, Oceaneering Asset Integrity AS and IKM Operations AS, taking effect…


Aker Solutions to Provide Inspection Services for Equinor Assets in Norway

Aker Solutions has been chosen by Equinor as the main supplier for inspection services for more than 15 operating facilities in Norway. A frame agreement is expected to be signed shortly, covering an initial period of six years with options for two additional four-year extensions.The estimated value of the agreement…


Vattenfall Creates Dozens of Offshore Wind Jobs after Contract Win for East Coast Business

A major contract to keep hundreds of Vattenfall’s wind turbines operational and safe has been awarded to east coast offshore wind services provider 3sun Group.Up to 30 new jobs will be created to service the largest contract in the history of the Great Yarmouth-based business.3sun Group, which already employs 200…


Prysmian Successfully Completes the DolWin3 Offshore Wind Farm Project in Germany

Prysmian Group, world leader in the energy and telecom cable systems industry, announced the successful commissioning of the High Voltage Direct Current (HVDC) offshore grid connection project DolWin3, off the German North Sea coast.Prysmian had secured this project in February 2013, with a contract awarded by Alstom Grid (now GE…


Solstad Offshore ASA: Contract for CSV Normand Clipper

Solstad Offshore ASA has been awarded a long-term contract with Global Offshore, part of the Global Marine Group for CSV Normand Clipper. The contract will commence in 1Q 2020 and have a duration of 3 years firm plus 5 years options thereafter.Global Offshore will utilize the vessel to support their…