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24 February 2020
Skogul gets green light
The Norwegian Petroleum Directorate has granted its consent for start-up of the Skogul field in the North Sea.Consent for start-up of Skogul is given to the licensees in production licence 460.Skogul was proven in 2010 and the Plan for Development and Operation (PDO) was approved in early 2018.Recoverable resources are…
24 February 2020
Deep Down Receives Riser Isolation Valve System Order for Whale Development
Deep Down, Inc. (OTCQB: DPDW) ("Deep Down"), a specialist in complex deep-water oil and gas distribution equipment and services, today announced that it has received an order from Shell Offshore Inc. for work related to its Whale development in the U.S. Gulf of Mexico.The order includes the design, engineering and…
21 February 2020
Hunting PLC (“Hunting” or “the Company” or “the Group”) Acquisition of Enpro Subsea Limited
Hunting PLC (LSE:HTG), the international energy services group, today announces the completion of the acquisition of Enpro Subsea Limited (“Enpro”) for a total consideration of US$33.0m payable on completion, plus a potential maximum earn out of US$3.0m based on EBITDA performance in 2020. The consideration payable is on a cash-free-debt-free…
21 February 2020
India's National Institute Of Ocean Technology Signs Contract For Hugin AUV System
Kongsberg Maritime is pleased to announce that contracts have been signed for the sale of a HUGIN AUV System to the Indian National Institute of Ocean Technology (NIOT), located in Chennai, India. This sale has been conducted in collaboration with Kongsberg Maritime India, a subsidiary of Kongsberg Maritime AS.The HUGIN…
21 February 2020
Ashtead Technology secures Ocean Installer subsea installation monitoring contract for six ITS
Global subsea equipment solutions specialist, Ashtead Technology, has secured a new contract with Ocean Installer AS following the successful completion of a complex subsea installation in 2019.The Aberdeen-headquartered business will provide its Deflection Monitoring System (DMS) and experienced field engineers to install six Integrated Template Structures (ITS) in the Barents…
21 February 2020
Sillimanite gas field successfully comes on stream in the Southern North Sea
Wintershall Noordzee B.V. (a Joint Venture of Wintershall Dea and Gazprom EP International) has successfully started gas production from its operated Sillimanite field. Discovered in June 2015, the unitized gas field stretches across the UK and the Dutch Continental Shelves and is located approximately 200 kilometers off the coast of…
21 February 2020
SeaBird Exploration: new OBN source contract in Asia Pacific
Further to the notice dated 9 January 2020, SeaBird Exploration has received a letter of award for an OBN source contract with an expected duration of about 5 months. The contract is expected to start in April 2020. SeaBird will employ the Voyager Explorer on this contract and the bareboat-charter…
21 February 2020
Resource accounts as of 31 December 2019
The Norwegian Petroleum Directorate's estimate of total proven and unproven petroleum resources on the Norwegian continental shelf is about 15.7 billion standard cubic metres of oil equivalents.This is 104 million more than as of 31 December 2018. Forty-eight per cent of the resources have been sold and delivered. About 48…
21 February 2020
Update from EMGS
Electromagnetic Geoservices ASA ("EMGS" or the "Company") has been advised by the customer that the Company will not, in the near to medium future, receive additional acquisition work under the two-year acquisition contract announced to the market on 4 June 2019. It is the Company's understanding that the customer's decision…
21 February 2020
Yinson awarded Ghana FPSO project
YINSON HOLDINGS BERHAD (“Yinson” or “The Group”) has, via Yinson Production West Africa Limited, Yinson Gazania Production Ltd and Yinson Gazania Operations Limited, entered into a Letter of Intent (LOI) with Aker Energy Ghana Limited (“Aker Energy”) with the intent of awarding the contracts to charter, operate and maintain the…
20 February 2020
First Subsea provide Cable Protection Systems for NnG
First Subsea, part of the First Tech Group based in Aberdeen has been awarded a major contract by DEME Offshore for the Cable Protection System for the inter-array cables at the Neart na Gaoithe offshore wind farm. The windfarm has been developed by EDF Renewables and Irish electricity company ESB,…
20 February 2020
Fugro Kicks Off Major Cable Route Site Investigation For Sofia Offshore Wind Farm
Fugro’s multipurpose vessel Fugro Pioneer left the Port of Sunderland in the UK earlier this month to kick off a 6-month offshore site investigation and survey campaign for innogy’s Sofia offshore wind farm.With a consented capacity of 1.4 GW, Sofia will be one of the world’s biggest offshore wind farms;…
20 February 2020
DOF Subsea awarded contracts in Africa
DOF Subsea is pleased to announce two contract-awards for international clients in Africa, securing further vessel and resource utilisation in Q1 and first part of Q2 2020. The first contract is for seismic nodes installation in Nigeria for an undisclosed client. The work will be executed from the CSV Geosund.…
20 February 2020
Subsea Global Solutions Acquires The Commercial Diving Division of T&T Salvage Asia, Pte Ltd
Subsea Global Solutions (SGS), the world’s leading commercial diving company, has today announced that it has acquired the commercial diving division of T&T Salvage Asia, Pte Ltd. (TTSA). The acquisition will serve to enhance SGS’ capabilities in Singapore and strengthen its leading position in the Asia-Pacific region.Commenting on the acquisition,…
20 February 2020
Neptune Energy Bring New Well Into Production In Dutch North Sea
Neptune Energy today announced first gas from the new L5a-D4 well in the deepest producing gas field of the Dutch North Sea, demonstrating the company’s commitment to boosting offshore gas production in the Netherlands.L5a-D4 is a high pressure, high temperature well located in the L5a-D field, around 100 kilometres North…
20 February 2020
Tawhaki-1 exploration well update
Beach Energy Limited (ASX: BPT, Beach) provides the following update on the Tawhaki-1 exploration well in the Great South Basin, offshore New Zealand. On 19 February, OMV as operator of the Tawhaki-1 exploration well, advised that the well, being drilled by the COSL Prospector rig, had reached target depth of…
20 February 2020
Siemens to modernize full drilling-drives package and cooling system on jackup rig for Arabian Drilling Company
Siemens was awarded a contract by Arabian Drilling Company to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jackup drilling rig for a customer in the Middle East. In addition to new features and benefits, the upgrade will also enable…
20 February 2020
Penspen & QiO Techologies Announce Partnership with Launch of THEIA, Penspen’s Flagship Digital Integrity Service
Penspen have developed THEIA in partnership with QiO Technologies as an environment for pipeline operators across the world to access Penspen’s leading expertise in defect assessment and asset integrity management. The project is part of the company’s ongoing commitment to the digital transformation of its services.CEO Penspen Peter O’Sullivan explains,…
19 February 2020
Long-term contract with Premier Oil UK
Solstad Offshore ASA is pleased to announce that Premier Oil UK Limited (“Premier Oil”) has contracted PSV Normand Flipper (UT745E, 2003 built) for four wells firm plus options commencing between May and June 2020. The contract is expected to last around 400 days supporting the jackup drilling rig Valaris JU-123…
19 February 2020
EEIOF – Contract awards under the Master Time Charter Agreement with Seabed Geosolutions
Eidesvik Offshore ASA has been awarded new contracts by Seabed Geosolutions for the seismic source vessel Vantage and the node-handling vessel Subsea Viking. The new contracts will commence in direct continuation of the existing contracts. The duration is approximately 4 months for each vessel with further options for extension. Both…
19 February 2020
i-Tech 7 and Shell Collaboration To Accelerate Digital Transformation
i-Tech 7, Subsea 7’s Life of Field business unit, and Shell International Exploration & Production, Inc, have entered into a collaborative technology agreement to accelerate subsea digitalisation, initially for a period of five years from the fourth quarter of 2019.The agreement will help fast-track innovation and streamline the adoption of…
19 February 2020
Tower Resources plc Cameroon Update
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following update on its work on the Thali licence in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon SA.The Company is presently preparing…
19 February 2020
PGS Partners with Cognite to Optimize Vessel Efficiency
PGS has entered into an agreement with Cognite to reduce vessel operating costs and improve efficiency.Leveraging fleet productivity and technology is an important pillar of PGS business strategy. PGS is using its digital transformation process to accelerate strategy execution. In cooperation with Cognite, PGS has launched two digitalization workstreams aiming…
19 February 2020
Drilling permit for well 7221/4-1 in production licence 609
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7221/4-1 cf. Section 15 of the Resource Management Regulations.Well 7221/4-1 will be drilled from the West Bollsta drilling facility in position 72 36`11.44 N and 21 17`51.4 E.The drilling programme for well 7221/4-1 relates to the…
19 February 2020
VAALCO Energy, Inc. Confirms Oil Discovery in New Step Out Area With South East Etame 4P Appraisal Wellbore
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala (SEENT) platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.HighlightsVerified the presence…
19 February 2020
Petrofac awarded US$1.65 billion contracts for Abu Dhabi mega project
Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.The engineering, procurement (including novated long lead items), construction, transportation, offshore installation and commissioning contracts are for ADNOC’s Dalma Gas Development Project. The work scope encompasses offshore…
18 February 2020
PGS Releases Full Integrity Data from Mawson MC3D
Final data is now available for the PGS Mawson MultiClient 3D seismic survey covering the prospective North Carnarvon Basin of Australia.The Mawson 3D survey applied a modern, triple-source GeoStreamer 3D survey design and delivers seismic data with prestack AVO/AVA fidelity to image the deep Triassic fault blocks of the Outer…
18 February 2020
LMS and WFS Technologies collaborate to drive subsea innovation
Aberdeen based Load Monitoring Systems (LMS) specialists in load measurement products and Edinburgh based WFS Technologies (WFS), leaders in subsea wireless automation, have announced a new collaboration which is set to drive growth and innovation in the subsea sector.Thanks to a recently signed agreement, WFS has upgraded its range of…
18 February 2020
New Contract For Stril Pioner
Møkster Shipping AS has been awarded a new contract by Equinor Energy AS for their dual fuel PSV Stril Pioner. The contract will commence in direct continuation of the existing contract with Equinor. The firm contract period is 8 months with options thereafter. With this new contract, Møkster are continuing…
18 February 2020
Eni announces a new oil discovery offshore Mexico
Eni announces a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, Offshore Mexico. According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in place.Saasken-1 NFW well,…
18 February 2020
Correction * SeaBird Exploration: update on strategy and financing
In reference to the Strategy Update released on November 7th last year, Seabird Exploration Plc announces the following:The Company has entered into a MUSD 16 three-year secured credit facility with Sparebanken 1 SMN. The proceeds from the loan will be used to repay the SBX04 bond loan expiring in June,…
18 February 2020
ALP selected for the Coral South FLNG project
ALP Maritime Services (ALP) is pleased to announce that the company has been selected by TJJV – a Joint Venture between TechnipFMC and JGC - to provide a spread of five vessels related to the CORAL SOUTH project.ALP’s project involvement includes the towage operation from South Korea to Offshore Mozambique,…
18 February 2020
Sole Gas Project update
Cooper Energy (ASX: COE) announces the Sole Gas Project has passed a critical milestone with the entry of gas from the Eastern Gas Pipeline into the Orbost Gas Processing Plant. The Orbost Gas Processing Plant is being upgraded by APA Group (APA) to process gas from the Sole gas field.…
17 February 2020
Petrofac hands over BorWin3 offshore wind grid connection project to TenneT
The BorWin3 offshore wind grid connection project in the German North Sea has been successfully handed over to the German/Dutch transmission grid operator TenneT.The 900 MW project converts three-phase electric power generated by offshore wind farms into direct current and transmits it 160 kilometres to shore into the German national…
17 February 2020
TenneT develops first 2GW offshore grid connection with suppliers
Forty percent of the Netherlands’ electricity needs will come from offshore wind farms by 2030. TenneT will realise the grid connections for these wind farms. Alongside the eight 0.7 Gigawatts (GW) AC grid connections already planned, two 2 GW offshore grid connections will be built in the IJmuiden Ver wind…
17 February 2020
2020: More offshore EPC spending but competitive pricing remains the norm?
Oil markets are off to a rocky start in 2020, with heightened tensions in the Middle East, unprecedented Australian bushfires and the rise of the COVID-19 virus in China. For the offshore oil & gas sector, however, 2020 should be the second year of growth for an industry still reeling…
17 February 2020
Magseis Fairfield signs system sales contract for Z100 nodes
Magseis Fairfield has signed a system sales contract for delivery of Z100-nodes to an existing client in Asia. The delivery complements the client’s existing Z100 system and enhances their ability to execute large scale transition zone and shallow water Ocean Bottom Node surveys. “While our current operations are focused on…
17 February 2020
KrisEnergy in farm-out agreement for Vietnam Block 115/09
KrisEnergy Ltd. (“KrisEnergy” or the “Company”, and together with its subsidiaries, the “Group”), an upstream oil and gas company, announces that its wholly-owned subsidiary, KrisEnergy (Vietnam 115) Ltd., has entered into a farm-out agreement with a major international oil and gas company for the transfer of its entire 100% working…
17 February 2020
Northern Endeavour FPSO Operations and Maintenance Contract
GR Engineering Services Limited (ASX:GNG) (GR Engineering) is pleased to announce that its wholly owned subsidiary, Upstream Production Solutions (Upstream PS) has entered into an agreement with the Department of Industry, Science, Energy and Resources of the Australian Government (Department) to provide operations and maintenance services to the Northern Endeavour…
17 February 2020
Marina-1 well result
Tullow Oil plc (Tullow) announces that the Marina-1 exploration well, drilled on Z-38 licence offshore Peru, has reached Total Depth and has not encountered significant hydrocarbons. The well tested the La Cruz and Mal Pelo formations where minor gas shows were encountered however there were no indications of hydrocarbons in…
14 February 2020
Ashtead Technology supports world-first Northern Lights Carbon Capture development in North Sea
Global subsea equipment solutions specialist Ashtead Technology has completed subsea installation monitoring work to support the Northern Lights Carbon Capture Storage project (CCS) in the North Sea.Developed by Equinor in partnership with Shell and Total, the Northern Lights project is the first of its kind in the region. The project…
14 February 2020
Siemens connecting roughly 6 million households to offshore power
With the commissioning of BorWin3, Siemens has handed over the fifth North Sea grid connection to its customer TenneT. After completion of successful test runs, the German/Dutch grid operator accepted the project. Siemens was responsible for the grid connection system including an onshore converter station. The grid connections HelWin1 and…
14 February 2020
CGG Wins Multi-Year Dedicated Center Contract Renewal For Total
CGG announced today that its Geoscience division has been awarded a contract renewal by Total, for the continued operation of its Dedicated Processing Center (DPC) in Pau, France. The new contract will run for five years starting in January 2020.The two companies have been working in close collaboration at the…
14 February 2020
Reach Subsea Contract Award And Operational Figures
Reach Subsea has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days. The projects involve both inspection, survey and light construction work across Europe and America, for major operators in both the oil & gas, energy infrastructure, and renewables sectors.Taken together with…
14 February 2020
Well-Safe Solutions Awards Significant Work Scope for Downhole Services
Well-Safe Solutions has announced the award of a significant work scope to Schlumberger for the provision of Plug and Abandonment Well Services.The scope includes the supply of cementing service, wireline services, wellbore fluid services and fishing, milling and swarf recovery services.The appointment of Schlumberger was the result of a highly…
14 February 2020
Put The Jactet On! UK Leads The Offshore Wind Foundation Trend That Will Break Record This Year
The global offshore wind projects that are set to start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, a trend led by the UK and that is here to stay, a recent analysis by energy knowledge house Rystad Energy…
14 February 2020
Providence Resources P.l.c. Corporate Update Barryroe Update, Strategic Review and Licence Update
Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Energy Company (“Providence” or the “Company”), today provides the following corporate update. Barryroe Update Exola DAC, a subsidiary of Providence and operator of the Barryroe Field, has notified APEC that it has commenced the regulatory process required to transfer the…
14 February 2020
Deme Offshore And Herrenknecht Sign Agreement For Fabrication Of A Subsea Drill For XL-Monopile Installation At Saint-Nazaire Offshore Wind Farm
DEME Offshore and Herrenknecht have signed an agreement for the fabrication of a subsea drill to be deployed at the Saint-Nazaire offshore wind farm in France. This is the first wind farm in the world to use drilled XL-monopile foundations.In 2019, a consortium including DEME Offshore and Eiffage Métal was…
14 February 2020
EIOF – Contract award for PSV Viking Queen
Eidesvik Offshore ASA has been awarded a new contract by Equinor Energy AS for the PSV Viking Queen. The new contract will commence in direct continuation of the existing contract expiring end February 2020. The firm period of the new contract is 8 months, with options for further extensions. Jan…
14 February 2020
Oil and gas M&A deal value decreased in 2019 driven by energy transition considerations and global uncertainty
Global oil and gas overall deal volume and deal value were down 17.7% and 10.8% respectively in 2019, as stagnant commodity prices, disappointing results, and low returns left the industry searching for capital. This is according to the EY Global oil and gas transactions review 2019, which reveals that the…