Latest News

ION Expands 2D Multi-client Program Offshore Northeast Canada

ION Geophysical Corporation announced an expansion to the Company’s 2D multi-client program offshore Newfoundland, Canada. Due to continued client interest, the second phase of GrandSPAN has now more than doubled in size from last year’s expectation to nearly 11,000 km. The industry-supported program is designed to both augment the results…


Contract Award for Subsea Pipelines and Marine Operations for Johan Sverdrup Phase II

On behalf of the Johan Sverdrup licence, Equinor is awarding the contract for subsea pipelines and associated marine operations in the second project phase to Subsea 7. This will increase the share of contracts awarded to Norwegian suppliers in phase 2 of the Johan Sverdrup project to 85%.“Demonstrating competitiveness and…


SeaBird Exploration Plc: Completion of Acquisition of BOA Thalassa and Issue of Consideration Shares

Reference is made to previous stock exchange notices of 11 April 2019, 12 April 2019, 29 April 2019 and 24 May 2019 regarding the acquisition by SeaBird Exploration PLC of BOA Thalassa and BOA Galatea.On 13 June, the Company has completed the acquisition of BOA Thalassa for a purchase price…


AGS has Signed a Global Master Service Agreement with a Major International Oil Company

Axxis Geo Solutions AS (AGS) announced the signing of a Global Master Service Agreement covering marine services including Ocean Bottom Nodal Acquisition and other methods. In connection with this agreement AGS has received its first call-off for provision of services in the North Sea. The company expects to execute on…


Skandi Africa Arrives in Aberdeen

One of the largest Sub Sea construction vessels in the world arrived in Aberdeen on Thursday 6th June.This is a mile stone in the history of Aberdeen Harbour Board with the Skandi Africa being the largest vessel to berth in Aberdeen at a length of 161m x 32 m wide…


Global Offshore Wind O&M Spend to Grow to €11 billion by 2028

The global offshore wind operation and maintenance (O&M) market is expected to grow by 17% annually to €11 billion by 2028, according to new research from Wood Mackenzie Power and Renewables. Europe is the largest contributor with €6.7 billion in value while the Asia Pacific region is keeping up the…


Reliance and BP Sanction Third Phase of Integrated KG D6 Development

Reliance Industries Limited (RIL) and BP announced the sanction of the MJ project (also known as D55) in Block KG D6, offshore the east coast of India.MJ is the third of three new projects in the Block KG D6 integrated development plan and its approval follows sanctions for the development…


CGG Cuts Cycle Time of OBN Imaging at Mad Dog Field

Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over the Mad Dog field in the Green Canyon area of the Gulf of Mexico. Through continued investment in imaging technology and supercomputing capacity, CGG was able to reduce project cycle time by almost half…


GC21 "Bulleit" Appraisal Confirmed as Commercial Discovery

Otto Energy announced that the evaluation of the upper DTR-10 target in the Bulleit oil appraisal well, operated by Talos Energy, Inc has confirmed that the well has delivered a commercial outcome.Full announcement can be found here.


$200+ billion at Stake as Offshore Sanctioning Kicks into Gear

As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects.However, hasty sanctioning can lead to less certainty of what the ultimate cost of any given project will be. Projects…


BP Statistical Review of World Energy 2019: An Unsustainable Path

BP released the 68th annual edition of the BP Statistical Review of World Energy (BP Stats Review), the most comprehensive collection and analysis of global energy data. This year's edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon…


Sleipner Partnership Releases CO2 Storage Data

Equinor and its partners will disclose datasets from the Sleipner field; the world's first offshore CCS plant, in a push to advance innovation and development on the field of CO2 storage.Since 1996, the Sleipner field has been used as a facility for carbon capture and storage by Equinor as operator…


Neptune Energy Awards EPCIC Contracts for Subsea Tie-backs to Gjøa

Neptune Energy announced Rosenberg WorleyParsons has been awarded contracts for modifications on the Neptune operated Gjøa semi-submersible platform.The Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) contracts cover topside modifications to be carried out on the Gjøa platform as part of the Duva and Gjøa P1 projects. The contracts are awarded…


Libra Consortium Takes Final Investment Decision on Mero-2 FPSO in Brazil’s Pre-salt

Libra Consortium announced the final investment decision to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field offshore Santos Basin in Brazil.The FPSO will have a capacity to process up to 180,000 barrels of oil per day. The consortium plans four new…


PGNiG has Started Work on the Concept of Developing the Norwegian Tommeliten Alpha Field

PGNiG Upstream Norway and its partners have started work on the selection of technical solutions that will be used to exploit the deposit. The final development concept of Tommeliten Alpha is to be ready in the third quarter of 2020.The shareholders of the Tommeliten Alpha concession have completed the assessment…


Worley and Enaval Create Brownfield Joint Venture for Brazil

Worley has entered into a 50:50 joint venture with Enaval, a company with over 20 years’ experience providing engineering, construction, installation, commissioning, maintenance and modifications to the oil and gas industry in Brazil.The new joint venture, combining Worley’s global engineering and brownfield capabilities with Enaval’s fabrication services and facilities, will…


Well-Safe Solutions Secures Landmark Contract for North Sea Decommissioning Project

Well-Safe Solutions has announced the award of a major contract to decommission up to twenty-one wells on the Schooner and Ketch fields in the UKCS, operated by DNO North Sea (ROGB) Limited, a wholly owned subsidiary of DNO ASA.The Schooner and Ketch fields, located in the UK Southern North Sea,…


DOF ASA: Extension Contract in Brazil

Norskan has been granted a 1-year extension for the Skandi Hav with Petrobras applicable from June 2019. Skandi Hav completed a conversion in 2009 and since then operated as a field support vessel for Petrobras.DOF ASA CEO, Mons S. Aase, said "We are pleased with this contract which further confirms…


CGG Awarded Multi-Year Processing Contract by Equinor for Johan Sverdrup PRM Project

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea. Managed out of CGG’s Oslo office and located inside Equinor’s offices in Stavanger, a dedicated team of…


BHGE Launches Multimodal Facility Expansion in Angola

Baker Hughes, a GE company, announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola. The facility, with its additional capabilities across multiple product lines, will deliver a suite of products and services across the oil and gas value chain. It will serve as a…