Latest News

New Contracts and Contract Extensions for New Contracts and Contract Extensions

Solstad Farstad ASA announced new awarded contracts and contract extensions for six vessels.BP Egypt has declared the one-year option on the PSV Sea Swift resulting in continuous utilization of the vessel through to August 2019.Equinor Brasil has extended present contracts for the PSV's Far Scotsman and Far Serenade with 3…


Prosafe Awarded Important Contract in Brazil

Prosafe has been awarded a contract by MODEC Serviços de Petróleo do Brasil Ltda (“MODEC”) for the provision of the Safe Concordia semi-submersible accommodation vessel to support specific MODEC FPSO operations in Brazil.The firm duration of the contract commencing September 2018 is 200 days with a 15 day option.The contract…


Dorado-1 Oil Discovery

Carnarvon Petroleum Limited confirms that the QuadrantCarnarvon Joint Venture has made a significant oil discovery in the Caley Member as part of the current Dorado-1 well drilling campaign.Light oil has been recovered from excellent reservoir containing a gross hydrocarbon package of 96.1 metres and a net pay thickness of 79.6…


Lamprell Trading Update

Lamprell announced the following update on its performance in the year to date.Operational updateLamprell have made good progress on the East Anglia One offshore windfarm project (EA1 Project) with costs trending within their previous guidance. Earlier this week the last remaining fully-assembled jackets were loaded out from our yards in…


Transocean Ltd. Announces 11-Well Contract for GSF Development Driller I

Transocean Ltd. announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore Australia in the first half of 2019 with Chevron Australia. The estimated firm contract backlog, excluding integrated services, is approximately $158 million. Additionally, the contract includes four one-well options.


BP ETAP Hub Celebrates 20 Years of Production

The Eastern Trough Area Project (ETAP) North Sea development, labelled by the Oil & Gas Authority (OGA) as the “poster child” for its Maximising Economic Recovery (MER UK) strategy, celebrated 20 years of production on 18th July 2018, with the key hub expected to operate into the mid-late 2030s.ETAP, often…


Drilling Permit for Well l 35/11-21 S in Production Licence 248 I

The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 35/11-21 S, cf. Section 15 of the Resource Management Regulations.Well 35/11-21 S will be drilled from the Transocean Arctic drilling facility at position 61°09'28.15" North and 03°38'56.52" East.The drilling programme for well 35/11-21 S relates to…


Drilling Permit for Wells 35/10-4 S, 35/10-4 A and 35/10-4 B in Production Licence 630

The Petroleum Directorate has granted Equinor Energy AS a drilling permit for wells 35/10-4 S, 35/10-4 A and 35/10-4 B, cf. Section 15 of the Resource Management Regulations.Wells 35/10-4 S, 35/10-4 A and 35/10-4 B will be drilled from the Deepsea Bergen drilling facility at position 61°08'55.52" North and 03°17'05.11"…


Havila Shipping ASA: New Contract with Total DK for the PSV Havila Clipper

Havila Shipping ASA has entered into a new charter contract with Total DK for the PSV vessel Havila Clipper.The contract is for 6 months in direct continuation of existing contract and will keep the vessel working for Total DK until January 2019.


Tidewater And GulfMark To Combine To Create Global Offshore Leader

On 16th July, 2018, Tidewater Inc. and GulfMark Offshore, Inc. announced that the Boards of Directors of both companies have unanimously approved a definitive agreement to combine the two companies. This combination, if consummated, will create a global offshore support vessel leader positioned to capitalize on significant cost synergies and…


Dougga Gas Discovery - Independent Evaluation Results

ADX Energy Ltd announced that an independent evaluation of the Dougga Gas Condensate discovery (Dougga) and potential extension of Dougga - the Dougga South West prospect (Dougga SW) offshore Tunisia has been completed by ERC Equipoise Pte Ltd (ERCE) on behalf of ADX. ADX is the 100% equity holder and…


Transocean Ltd. Announces 13-Well Contract for Transocean 712

Transocean Ltd. announced that the midwater semisubmersible Transocean 712 was awarded a 13-well contract (approximately 580 days) commencing in March 2019 in the U.K. North Sea with ConocoPhillips. The estimated firm contract backlog is approximately $75 million. Additionally, the contract includes a one-well option.


Thames Pipeline Integrity Confirmation

Independent Oil and Gas plc, the development and production focused Oil and Gas Company, provided an update on operations to confirm the integrity of the Thames Pipeline – a key step in its Southern North Sea dual gas hub development project.Pipeline Integrity Confirmation Further to the announcement made by the…


Oil & Gas Innovation Centre Supports 75th Project

The Oil & Gas Innovation Centre (OGIC) has signed its 75th project, taking its total investment into innovative technology over the last four years to £3.8million.The latest project comes as OGIC finalises agreements on five new technologies, all of which have the potential to cut operational costs and improve efficiency…


TechnipFMC Awarded a Master Services Agreement by Petrobras in Brazil

TechnipFMC has been awarded by Petróleo Brasileiro S.A. (Petrobras) a 3-year master services agreement in Brazil, with a 2-year renewal option. This contract for subsea services covers components for both the subsea equipment and flexible pipelines.The scope of work includes maintenance services, technical assistance, inspection and end-fitting re-termination* of flexible…


Worlds Biggest Vessel Carousel Underway

MAATS Tech confirmed it has been awarded the supply of a ground breaking deck spread by Nexans. The scope will be installed on a state of the art cable lay vessel 'Nexans Aurora' scheduled for launch by 2021. The main item is a 10,000te cable carousel, which will be a…


Maersk Drilling Secures Two Contract Extensions in the North Sea

Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively. The extensions allow the two rigs to continue their high-performance operations in the North Sea.Maersk Resolute has been awarded a 56-day contract extension…


Magseis ASA: Contract Award in North Europe

Magseis ASA announced that it has entered into a service agreement for an operation with its proprietary MASS nodes and MASS modular handling system including seismic data QC and navigation support for a project in North Europe.The contract will commence imminently and last for approximately 3 months.This information is subject…


Dril-Quip Enters Into Letter of Intent for Subsea Production Systems for Sea Lion Project

Dril-Quip, Inc. announced that Dril-Quip (Europe) Limited, its wholly-owned subsidiary based in Aberdeen, Scotland, has entered into a letter of intent with Premier Oil Exploration and Production Limited to provide subsea production systems for the Sea Lion Phase 1 Development located offshore the Falkland Islands. The scope of work includes…


Andalas Energy and Power Plc - Operations Update

Andalas Energy and Power Plc provided an update following the completion of its acquisition of its interest in Eagle Gas Limited (“Eagle”), which is the owner of 66 2/3% of Southern North Sea Licence P2112 (see announcement of 30 April 2018). The update is based on information supplied by the…