Latest News

PGS Expands Massive Malaysia Sabah MC3D

Phase 4 of the multisensor Sabah MultiClient 3D is underway with Ramform Hyperion. Sabah is one of the largest MultiClient projects worldwide and the first ever in Malaysia.Acquisition has begun. PGS will acquire up to 10 000 sq.km of GeoStreamer data, adding to the existing 37 000 sq. km multi-phased…


SEACOR Marine Expands Fleet in Share Transaction

SEACOR Marine Holdings Inc. announced the acquisition of three Fast Support Vessels (“FSVs”) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.SEACOR Marine has operated the acquired vessels for the past ten years under a…


The Shelf in 2018 - Barely Halfway through the Norwegian Oil and Gas Story

The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004.“The activity level on the Norwegian Shelf is high. Production forecasts for the next few years…


Aker Energy Successful Pecan-4a Appraisal Well Offshore Ghana

Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced that it is about to complete a successful drilling operation of the Pecan-4A appraisal well offshore Ghana.The well was drilled at the Pecan field in the DWT/CTP block approximately 166 kilometres southwest of Takoradi in…


Equinor Completes Acquisition of the UK Rosebank Project

Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf.Rosebank further strengthens Equinor’s UK upstream portfolio which includes the Mariner development, expected to start commercial production…


Rowan Announces Contract with ConocoPhillips for the Rowan Norway

Rowan Companies plc announced that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS ("COPSAS") for an estimated duration of seven months that is expected to commence in the second quarter of 2019. The contract award is subject to…


Azeire Announces Licence Awards in the Porcupine Basin Offshore Ireland

Azeire Ltd. (“Azeire”), an Ireland focused oil and gas exploration company backed by Seacrest Capital Group, is pleased to announce that the Minister of State at the Department of Communications, Climate Actions and Environment has approved both the extension of Frontier Exploration Licence 1/13 (FEL 1/13) for two years, and…


Jan De Nul Successfully Completes First Major Umbilical Installation Project

Jan De Nul Group has successfully completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, located in the North Alexandria region.Specifically for this project, Jan De Nul Group reconfigured its multi-purpose vessel Willem de Vlamingh…


i3 Energy Provides Operational and Funding Update

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, updated the market on its operational and funding progress for the appraisal and development of its 100% owned and operated Liberator field and Serenity prospect.Highlights: - Letter of Intent signed for summer 2019 consecutive…


PGS: Signed Vessel Sale Agreement for Ramform Sterling - CORRECTION

The correction is to include "FY" before 2020. Everything else is unchanged.Reference is made to PGS press release dated November 15, 2018. PGS has now signed the vessel sale agreement for the Ramform Sterling to Japan Oil, Gas and Metals National Corporation ("JOGMEC"), an incorporated administrative agency of Ministry of…


Premier Oil: Trading and Operations Update

Premier provided the following Trading and Operations Update ahead of its 2018 Full Year Results, which was announced on Thursday 7 March 2019.Highlights - Estimated year-end net debt of US$2.3 billion, below previous guidance of US$2.4 billion and a reduction of US$390 million on 2017 - 2018 full year production…


PGS to Map North Sumatra in 3D MultiClient Survey

The latest PGS triple-source Multiclient 3D survey, in the Andaman Basin offshore Indonesia, will enable a better understanding of current Miocene Carbonates and Miocene/Pliocene clastics plays and is expected to provide more clarity on the untested deeper syn-rift play.This project is the fourth in a series of new surveys supporting…


Jack-up rig "SAGADRIL-2" Sold for Demolition

Japan Drilling Company (JDC) offshore jack-up drilling rig "SAGADRIL-2" (formerly HAKURYU-7), owned by JDC's subsidiary "Sagadril 2, Inc.", was sold on 5th January 2019. JDC decided to sell this 1981 built jack-up rig to an overseas entity for demolition. Sagadril-2 operated mainly in the Gulf in the last 20 years.


Sapura Energy Secures RM760 million in Contract Wins Across Services Segment

Sapura Energy Berhad has secured RM760 million in contract wins for its Drilling and Engineering & Construction businesses. The latest achievements have lifted the value of contract wins to RM9.3 billion for its current financial year. The company’s growing order book will see a higher utilisation of its assets as…


Dry Well North of the Oda Field in the North Sea – 8/10-7 S

Spirit Energy Norway AS, operator of production licence 405, has completed the drilling of wildcat well 8/10-7 S.The well was drilled about five kilometres north of the Oda field in the southern part of the North Sea.The objective of the well was to prove petroleum in Upper Jurassic reservoir rocks…


Dry Well at Mandal High in the Southern Part of the North Sea – 2/6-6 S

MOL Norge AS, operator of production licence 860, is in the process of concluding the drilling of wildcat well 2/6-6 S.The well has been drilled about 45 km east of the Valhall and Ekofisk fields and 20 km north of the Norwegian-Danish border in the Mandal High area.The primary and…


TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract for the BP Atlantis Phase 3 Project in the Gulf of Mexico

TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by BP for the Atlantis Phase 3 project.Following final investment decisions from all partners, TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end terminations,…


BP Plans for Significant Growth in deepwater Gulf of Mexico

BP announced that it has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region.The $1.3 billion Atlantis Phase 3 development is the…


Aqualis Offshore Sets up Office in Australia

Marine and engineering consultancy Aqualis Offshore has set up an office in Perth, Western Australia, to support oil and gas developments in the Australasia region. Aqualis Offshore is part of Oslo-listed energy consultancy group Aqualis ASA. “We have supported important projects offshore Australia in recent years and believe it represents…


Boskalis Signs Multi-year Subsea Services Contract in Middle East

Royal Boskalis Westminster N.V. has signed a multi-year subsea services agreement in the Middle East. The base value of the three-year contract amounts to USD 40 million with an option to extend.Under the terms of the contract commencing, Boskalis will carry out a broad spectrum of subsea IRM services including…