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20 November 2019
CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production
CNOOC Limited announced that Caofeidian 11-1/11-6 oilfield comprehensive adjustment project has commenced production.Caofeidian 11-1/11-6 oilfield comprehensive adjustment project is located in Bohai with average water depth of 20 to 25 meters. The project has built two central processing platforms in addition to fully utilizing the existing facilities in Caofeidian oilfield,…
20 November 2019
Shearwater GeoServices Adds Second Vessel for TGS Argentina Survey
Shearwater GeoServices Holding AS announced an expansion of the previously announced South America survey to two vessels. Shearwater also confirmed this survey is for TGS in Argentina.The additional phase is for 5-months bringing the total award to 11-vessel months. One of Shearwater’s industry leading high capacity seismic vessels will be…
20 November 2019
Ocean Infinity Pioneers Advanced AUV Battery Technology
Ocean Infinity, the next generation sub-sea technology and data company, announced that it has reached a significant milestone in battery technology for Autonomous Underwater Vehicles (AUVs).The new, industry-leading technology has now been tested following 18 months of research, development and trials, which was aimed at improving the safety, efficiency, and…
20 November 2019
US Offshore Consortium Selects RCAM Technologies to Develop Advanced Concrete Offshore Wind Foundations
The National Offshore Wind Research and Development Consortium selected RCAM Technologies for contract negotiation as part of its second round of wind research and development projects. RCAM’s award, which is one of two totaling $1,865,000, will support development of its innovative offshore wind turbine support structure.The project goal is to…
20 November 2019
Energean Submits Applications to Import and Supply Natural Gas to Cyprus, Gas from Karish North will flow in 2021
Energean Oil & Gas plc, the oil and gas producer focused on the Mediterranean, announced that its subsidiary Energean International has submitted to the authorities of the Republic of Cyprus, applications to import and supply natural gas to Cyprus commencing 2021. The submission of the applications follows the ‘Karish to…
20 November 2019
CGG Announces Largest OBN Multi-Client Survey in UK CNS
On 19 November CGG announced a program to deliver the largest OBN multi-client survey ever conducted in the UK Central North Sea (CNS). Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for…
20 November 2019
Woodside’s SNE Field is Renamed Sangomar
The President of Senegal, Macky Sall, has renamed the SNE field the Sangomar field to better reflect its association with the people of Senegal.Sangomar is the geographical name for an island located at the southern point of the Petite Cote, that runs south from Dakar. Sangomar is an important cultural…
20 November 2019
ABB Proves World-first Subsea Power Technology System, Signaling New Era for Offshore Oil and Gas
ABB’s pioneering subsea power distribution and conversion technology system is commercially viable, bringing groundbreaking potential for cleaner, safer and more sustainable offshore oil and gas production, following the completion of a 3,000-hour shallow water test.For the first time worldwide, energy companies will be able to access a reliable supply of…
19 November 2019
CSV Bourbon Oceanteam 101 Extends Charter Contract with Client for Works in Angola
The current charter agreement of Bourbon Oceanteam 101 (CSV “BO 101”) has been extended until mid-first quarter 2020 with possible further extension options well into 2020.The initial charter started in 2016. Over the past period the CSV BO 101 has successfully assisted in installing jumpers and X-mas trees for its…
19 November 2019
Majors Global Selling Spree could Fetch $27 billion
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere,…
19 November 2019
Senegal Set to Offer 10 Offshore Blocks in 2020 License Round
The National Oil Company of Senegal, PETROSEN, has announced the launch of the country’s first offshore licensing round, to be launched at the MSGBC Basin Summit & Exhibition in Senegal in January 2020. The round will be open for six months - until the end of July 2020 - and…
19 November 2019
Magseis Fairfield Secures Large OBN MC Survey
Planting the Flag – The Magseis Fairfield Multi-Client team has secured a large MC program in a key location.The dataset gathered from this program will set a new standard for exploration seismic, both in terms of acquisition and data processing.“This is a joint project that we will conduct in partnership…
19 November 2019
Hurricane Energy plc: 'Warwick West' 204/30b-4Well Update
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provided an update in relation to the 204/30b-4 ("Warwick West") well.The Company confirms that drill stem testing on the Warwick West well is expected to begin on 19 November. The Company…
19 November 2019
Expro Awarded Contract Extension with INPEX, Offshore Australia
International oilfield services company Expro has secured a contract extension to supply well test and subsea services for INPEX-operated, Ichthys LNG.The contract will see Expro continue to supply a high rate 175 MMscf/day well testing package, which will include enhanced electronic emergency shut down (ESD) systems.Expro will also supply 7…
19 November 2019
Bourbon Awarded New Integrated Logistics Contract by TOTAL in Namibia
Bourbon Marine & Logistics announced that it has been awarded by Total E&P Namibia an integrated logistics contract to support a deep offshore exploration campaign in South Namibia in 2020. The project scope covers provision of Logistics base, freight forwarding, custom clearance, material storage & warehousing, handling and lifting, marine…
19 November 2019
Vår Energi – Goliat – Manned Underwater Operations
From 17 to 19 June 2019, Petroleum Safety Authority Norway carried out an audit of Vår Energi’s management of the performance of manned underwater operations at Goliat.ObjectiveThe objective of the audit was to verify that Vår Energi’s management and follow-up of the risk factors involved in underwater operations using light…
18 November 2019
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,…
18 November 2019
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,…
18 November 2019
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…
18 November 2019
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…
18 November 2019
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,…
18 November 2019
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…
18 November 2019
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…
18 November 2019
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…
15 November 2019
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.
15 November 2019
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…
15 November 2019
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,…
15 November 2019
“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…
15 November 2019
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,…
15 November 2019
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…
15 November 2019
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…
15 November 2019
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…
15 November 2019
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…
14 November 2019
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…
14 November 2019
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…
14 November 2019
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…
14 November 2019
i-Tech 7 Strengthens UWILD Track Record in North Sea
i-Tech 7, Subsea 7’s Life of Field business unit, has successfully completed an underwater inspection in lieu of dry-docking (UWILD) project for Borr Drilling in the North Sea.Borr Drilling required a hull inspection for its Paragon MSS-1 mid-water semi-submersible, to meet ABS intermediate survey certification requirements. In place of conventional…
14 November 2019
KrisEnergy Signs LOA for Cambodia Apsara Oil Platform Fabrication
KrisEnergy Ltd., an independent upstream oil and gas company, announced that its wholly-owned subsidiary, KrisEnergy (Apsara) Company Limited, has signed a conditional letter of award with PT Profab(1) for the supply of a minimum facilities wellhead platform for the Apsara oil field, Cambodia’s maiden oil development.The scope of work covers…
14 November 2019
Maersk Drilling Awarded Two-well Contract for Mærsk Developer Offshore Trinidad
Maersk Drilling has entered a contract with BG International Ltd., a subsidiary of Shell, for work offshore Trinidad and Tobago on a two-well development project for the semi-submersible rig Mærsk Developer.The contract has an estimated duration of 171 days and is expected to commence in Q1 2020. The value of…
14 November 2019
32nd Offshore Licensing Round Now Closed
On 10 July 2019 the Oil and Gas Authority (OGA) launched the 32nd Offshore Licensing Round. After being open for 120 days, the round closed on 12 November 2019 at 14:00 GMT.Submissions will now be considered and awards will be made in due course.
14 November 2019
OKEA ASA – Completion of Sale of Participating Interests in Grevling and Storskrymten
OKEA ASA announced that the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18.57% of the Company’s participating interest in Storskrymten (PL 974) following Chrysaor Norge AS' options exercise (as described in the Company's listing prospectus of 27 May 2019 has now been consented to…
13 November 2019
Polarcus Signs Memorandum of Understanding with ARGAS
Polarcus announced that a Memorandum of Understanding has been signed with Arabian Geophysical and Surveying Company (“ARGAS”) to collaborate on hybrid seismic projects utilizing the differentiating technologies and capabilities of Polarcus in the MENA region.Polarcus provides global, industry-leading marine seismic acquisition capabilities and premium cloud-based Priority Processing™ services. ARGAS provides…
13 November 2019
Offshore OFS Market Poised for Massive Boost in Southeast Asia
A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020, according to Rystad Energy.The growth will be driven by a handful of new mega-projects across Malaysia, Myanmar and Vietnam, according to the latest tally of project…
13 November 2019
TechnipFMC Third Quarter 2019 Earnings Call Presentation
A copy of TechnipFMC plc's Earnings Call Presentation can be accessed on TechnipFMC’s website (www.technipfmc.com).
13 November 2019
Eco (Atlantic) Oil & Gas Ltd.: Update on Initial Analysis of Jethro and Joe Wells
Eco (Atlantic) Oil & Gas Ltd. provided an additional operational update following initial well results analysis on its two recent oil discoveries in Guyana. Eco Atlantic, together with its JV Partners on the Orinduik Block, Tullow Guyana B.V. (Operator, 60% Working Interest ("WI")) and Total E&P Guyana B.V. (25% WI),…
13 November 2019
ADNOC and Total Innovate in the Field of Seismic Acquisition with the Use of Unmanned Drones and Vehicle
The Abu Dhabi National Oil Company (ADNOC) and Total announced their collaboration to deploy the world’s first automated seismic acquisition system in Abu Dhabi. This pilot project, performed with Total’s Multiphysics Exploration Technology Integrated System (METIS®), uses autonomous drones and a ground vehicle to drop off and retrieve seismic sensors…
13 November 2019
Seabed Geosolutions Completes Transformation to Ocean Bottom Node Company
Seabed Geosolutions announced that it has signed a contract to sell the entirety of its shallow water ocean bottom cable (OBC) recording equipment for around US$ 10 million. This equipment was used on a recently completed project for Abu Dhabi National Oil Company in the United Arab Emirates.Stephan Midenet, CEO…
13 November 2019
Vår Energi - Consent for Removal of Jotun A
Vår Energi has received consent from Petroleum Safety Authority Norway to remove the Jotun A facility from the Jotun field in order to be upgraded.JotunThe Jotun field is in the central North Sea, 25 kilometres north of Balder. Jotun was proved in 1994 and the PDO (plan for development and…
13 November 2019
TechnipFMC Enters into Memorandum of Agreement (MOA) to Sell the G1201 Subsea Vessel
TechnipFMC announced its intent to sell the G1201 vessel as part of its overall strategy to optimize the profile and size of its subsea fleet. Following the recent announcement of the Company’s alliance agreement with a best in class partner for pipeline installation using S-lay technology, this supports the Company’s…
12 November 2019
Floating Offshore Wind Bend Stiffener Connectors for Kincardine
First Subsea has secured a second contract with Spanish developer and construction company, Cobra Group, to provide Dynamic Bend Stiffener Connectors for the Kincardine Floating Offshore Windfarm. Following the initial supply to the pilot turbine last year, a further eleven connectors will be supplied to the 50 MW Kindcardine floating…