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29 March 2016
Subsea Innovation Successfully Delivers 16” Pipeline Connectors to RasGas in Qatar
Subsea Innovation has announced that it has completed the design and manufacture of two 16” Mechanical Pipeline Connectors for use by major Oil & Gas operator RasGas. These are the first systems that Subsea Innovation have produced for RasGas who have a total production capacity of 37 million tonnes of…
29 March 2016
India's ONGC Approves $5 Billion East Coast Investment
India's Oil and Natural Gas Corporation has approved an investment of 340 billion rupees (about $5 billion) over the next few years in its east coast oil and gas asset, in a bid to boost production and benefit from a change in government policy.Earlier this month, a top company official…
29 March 2016
Mermaid Secures Additional Subsea Cable Installation Contract
Mermaid Maritime Public Company Limited (“Mermaid”) is pleased to announce that its Qatari business unit Mermaid Subsea Services LLC in Qatar (“MSSQ”) has been awarded an additional subsea cable installation and related diving services assignment from an existing customer, a global cable manufacturing, installation and commissioning company.The work scope has…
28 March 2016
Israeli Court Blocks Government's Natural Gas Plan
Israel's Supreme Court blocked a controversial plan to develop the country's natural gas fields on Sunday, dealing a blow to energy companies operating in the eastern Mediterranean and drawing fire from the government.Prime Minister Benjamin Netanyahu reached a deal last year with Texas-based Noble Energy and Israel's Delek Group that…
28 March 2016
Exxon Mobil in Talks to Buy into Eni's Giant Mozambique Gas Field
Exxon Mobil is in talks to buy a stake of around 15 percent in Italian oil major Eni's giant Area 4 gas field in Mozambique, two sources familiar with the matter said.Exxon is seen as a front-runner to buy into Eni's gas development and this would be the U.S. firm's…
25 March 2016
SapuraKencana and GE Oil & Gas JV awarded long term service agreement by PETRONAS Floating LNG
SapuraKencana GE Oil & Gas Services Sdn Bhd (SKGE), a joint venture between SapuraKencana Services Sdn Bhd and GE Power Systems, has been awarded a Long Term Service Agreement by Petroliam Nasional Berhad (PETRONAS) Floating LNG1 (L) Ltd. (PFLNG) to provide maintenance services for PETRONAS’ two forthcoming floating LNG vessels.A…
24 March 2016
ABB to Provide Equipment and Services for the World’s Largest Floating Facility
ABB has won a five-year contract to deliver equipment and services for Shell’s Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) facility, the largest floating facility ever built. ABB’s equipment will minimize downtime and optimize the efficiency of the facility.The order includes the delivery of motors, generators, variable…
24 March 2016
Indonesia rejects Inpex's mega floating LNG project
Indonesia's president on Wednesday rejected Inpex Corp and Royal Dutch Shell's proposal to build the world's largest floating liquefied natural gas plant in the country's east, saying an onshore plant would benefit its economy more.The announcement is a blow to the two energy firms, as well as to Indonesia's energy…
23 March 2016
Mubadala Commences Manora Development Drilling Offshore Thailand
Mubadala Petroleum the operator of the G1/48 concession containing the Manora Oil Development, has advised that at 11.15am on 22 March 2016 the Atwood Orca jackup drilling unit commenced drilling MNA-16 the first of two planned development wells.Following the commencement of Manora production in November 2014, and following a review…
23 March 2016
Woodside Drops Browse FLNG Development
Woodside, as a participant in the Browse Joint Venture, advises that following completion of front-end engineering and design (FEED) work, the Browse Joint Venture participants have decided not to progress with the development at this time considering the current economic and market environment. Since FEED entry, Woodside has been focused…
22 March 2016
Atlantis Resources Returns Seabed Leases to The Crown Estate
Atlantis has returned two ‘Agreements for Lease’ (AFLs) to The Crown Estate, following a strategic internal review of the company’s portfolio of tidal energy projects. The AFLs were for two areas of the seabed; the Anglesey Skerries site in Wales and the Kyle Rhea site in Scotland. The decision to…
22 March 2016
New Well in Libra Confirms the Presence of Good Quality Oil
Petrobras has announced that the Libra Consortium has concluded the drilling and the evaluation of the well 3-BRSA-1322-RJS (3-RJS-741), located in the block northwest area, in the Santos Basin pre-salt, confirming the discovery of good quality oil (28º API) in reservoirs with excellent productivity.The well found the biggest oil column…
22 March 2016
North Sea Operators Collaborate in Online Trading Platform to Reduce Costs and Improve Efficiency
The Efficiency Task Force (ETF) – a group set up to drive a pan-industry improvement in efficiency – is today announcing the launch of a trial which sees five operators share 200,000 inventory items on an online trading platform. The aim is that by allowing access to a greater ‘virtual’…
21 March 2016
Eni Cranks Up Spending Cuts and Asset Sales to Fund Transformation
Italy's Eni is cutting investments and selling down stakes in oil and gas fields to help it prop up dividends and become a leaner exploration-driven player focusing on gas.The state-controlled company said in its 2016-2019 business plan on Friday it would cut overall group capital spending by 21 percent and…
21 March 2016
OMV Signs a Technical Evaluation Agreement in Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC), OMV, and Occidental Petroleum from the US have signed a contract over several undeveloped oil and gas fields in North-West Offshore Abu Dhabi including the Ghasha and Hail areas. An agreement was reached for conducting a four-year seismic, drilling and engineering work program…
21 March 2016
First Chevron Gorgon LNG Cargo Departs for Japan
Chevron Corporation has announced that its first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia. The cargo will be delivered to one of Chevron’s foundation buyers, Chubu Electric Power, for delivery into Japan. “Departure of the first…
21 March 2016
Statoil Launches Batwind: Battery Storage for Offshore Wind
A new battery storage solution for offshore wind energy will be piloted in the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland.Batwind will be developed in co-operation with Scottish universities and suppliers, under a new Memorandum of Understanding (MoU) signed in…
21 March 2016
GE and Deepwater Mark Progress on First-Ever US Offshore Wind Farm
GE has announced that it continues to make progress with the assembly of the first part of towers that will be used to support the wind turbines that will comprise the Block Island Wind Farm. This project, which will use state-of-the-art GE wind turbines, is America’s first offshore wind farm.…
18 March 2016
Fugro Commences ROV Drill Support Contract at Western Isles Development
Fugro is to supply ROV drilling support services on board the Ocean Guardian MODU under a new contract awarded by Dana Petroleum (E&P) Ltd.Operating one of its fleet of FCV 600 ROVs, specifically designed for North Sea drill support activities, Fugro will carry out drilling and completions projects at the…
18 March 2016
EnQuest Predicts UK Tax Relief to Spur North Sea Oil Deals
A change in UK legislation giving oilfield operators tax relief on decommissioning costs when they sell an asset will speed up such deals in the North Sea, producer EnQuest said on Thursday.Chancellor George Osborne announced the change on Wednesday to attract more buyers to squeeze as much oil and gas…
18 March 2016
West Africa: The Deepwater Bubble Bursts
A year ago, Douglas-Westwood (DW) commented that E&P companies within West Africa were focusing reduced Capex plans on high-quality deepwater assets in the region. At the time, Brent crude was rebounding towards a mid-2015 peak of over $60 per barrel. However, in the months since this peak, oil prices plummeted…
17 March 2016
VBMS Awarded Inter-Array Cabling Contract for Walney Extension OWF
VBMS has been awarded a contract by DONG Energy for the installation of 87 inter-array cables for the Walney Extension offshore wind farm (OWF). The total scope of work for VBMS will consist of (route) engineering, a pre-lay grapnel run, cable transport, cable installation & trenching. The project will be…
17 March 2016
Erskine Field Production Impacted by Pipeline Blockage
AIM-listed Serica Energy has reported that, following strong production performance through January and February, averaging 3,228 boe per day net to Serica, March Erskine production has been impacted by a pipeline blockage. On 28 February, Erskine production was temporarily suspended during essential maintenance work to enable a foam cleaning device,…
17 March 2016
Statoil Says Oil Field Break Even Level Should Drop Below $40
Norwegian oil major Statoil will push the average cost of new fields in its portfolio to a level below $40 per barrel, the company's chief financial officer told Reuters on Thursday.In February, Statoil said extensive cost cuts had brought the break even cost of projects set to start production by…
17 March 2016
Technip to Work on Statoil's Hywind Project
Statoil has awarded a contract for marine operations at the 30MW Hywind Scotland Pilot Park to Technip Norge AS.Technip’s scope of work includes the transportation of substructures for the floating wind farm from Spain to Norway, and preparations for the installation of top sections and generators. Technip will also be…
16 March 2016
OneSubsea Inks Global EPC and Subsea Aftermarket Services Frame Agreements with BP
OneSubsea has signed two 5-year global frame agreements (GFA) with BP to provide Engineering, Procurement, and Construction (EPC) of Subsea Production Systems (SPS) and Subsea Aftermarket Services.Continuing the long-established success of previous supply agreements with BP, both GFAs have been specifically designed and formulated to accommodate supplier-led solutions. The agreements…
16 March 2016
Frame Agreement for Pil & Bue Owner’s Engineering Services
VNG Norge has signed a frame agreement contract for the Pil & Bue project Owner’s Engineering Services (OES) with Reinertsen AS.The OES contractor will provide necessary technical expertise and resources required to secure handling of VNG Norge's technical responsibilities as development operator towards the Front End Engineering Design (FEED) phase…
16 March 2016
Kosmos Energy Announces Successful Appraisal of Gas Discovery
Kosmos Energy has announced today that its Ahmeyim-2 appraisal well has successfully delineated the Ahmeyim and Guembeul gas discoveries offshore Mauritania and Senegal.Located in Mauritanian waters, approximately 5 kilometers northwest, and 200 meters downdip of the basin-opening Tortue-1 discovery well in approximately 2,800 meters of water, Ahmeyim-2 was drilled to…
16 March 2016
Statoil Exercises Vigdis Option with Ocean Installer
Statoil has exercised an option with Ocean Installer for flexible jumper replacement at the Vigdis field. The option falls under an amendment to the previously awarded SLMP Marine Installation contract.The SLMP amendment was signed in December 2015 and covered riser replacement operations at the Troll C field. The option now…
15 March 2016
Important Step for Huge Offshore Wind Farm in UK
Vattenfall commences the planning process for two wind farms in the eastern North Sea, 47 kilometers off the Norfolk coast in England. The first project, Norfolk Vanguard, will start in 2016 and will become Vattenfalls largest wind project so far. The second project, Norfolk Boreas, follows one year later. Together…
15 March 2016
Sparrows Group and INNOVO to Collaborate in Cable and Pipe Lay Industry First
The Sparrows Group has announced they have partnered with leading engineering and manufacturing firm INNOVO to provide the offshore industry with the first fully electric-drive flexible cable and pipe lay system for rental.The wider collaboration agreement between will see Sparrows deliver full back-deck equipment packages for sale and rental to…
15 March 2016
Sembmarine SLP Carry Out UK Firsts
Lowestoft based Sembmarine SLP Ltd (SLP) undertook a series of firsts at their Hamilton Road site this month.The Engineering specialists have been working with Siemens Transmission and Distribution Ltd (STDL) to build an offshore facility for the Dudgeon Offshore Wind Farm owned by Statoil, Statkraft and Masdar. The wind farm…
15 March 2016
Harkand to Support Start-up Work for Maersk Oil's Flyndre Field
Harkand has been awarded a multi-million pound contract with Maersk Oil North Sea UK to deliver subsea support services to the operator including a commissioning support campaign for the Flyndre development located in the south-eastern part of the Central Graben Basin in the North Sea.The Aberdeen office of the global…
15 March 2016
Cairn Energy Spud Third Well in Senegal
JV partner FAR reports that, following the successful drilling of the first two appraisal wells offshore Senegal, the third well to be drilled by Cairn Energy as part of the SNE oil field appraisal program offshore Senegal, BEL-1, has been spudded. The BEL-1 well will be drilled in approx. 1,100…
14 March 2016
Shell Delivers More Brazil Deep-Water Production from Parque das Conchas
Third phase of major deep-water project delivered, optimizing production capacity.Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin. Production for this final phase of the project is expected to add up to…
14 March 2016
OneSubsea Awarded Subsea Production Systems Contract for BP West Nile Delta
OneSubsea, has been awarded a contract from BP Exploration (Delta) Ltd., and partner DEA (Deutsche Erdoel AG), to supply subsea production systems for the West Nile Delta Giza/Fayoum and Raven fields, situated offshore Egypt.Giza/Fayoum will be tied-back to modified onshore Rosetta facilities and integrated with a new onshore plant for…
14 March 2016
N-Sea Expands into the French Offshore Wind Industry with New Partnerships
Subsea IMR provider, N-Sea, has signed a letter of intent with CERES Recherches & Expertise Sous-Marine and TechSub Industrie Environement, to provide subsea survey, installation and remediation services to the French offshore wind industry.Gerard Keser, CEO of N-Sea, said: "N-Sea has developed a strong track record in UXO management, construction…
14 March 2016
Shell Names Lazard to Advise on $30 Billion Asset Sales
Royal Dutch Shell has appointed investment bank Lazard to advise it on a $30 billion asset sale program following its acquisition of BG Group last month, several banking and industry sources said on Friday.The Anglo-Dutch company has also picked Bank of America Merrill Lynch and Morgan Stanley to work on…
14 March 2016
Gina Krog Transaction Takes a Step Forward
Sequa Petroleum has announced an update to its planned acquisition of a 15% interest in Gina Krog. This acquisition was announced on 19 October 2015. Since then, the Gina Krog acquisition has received all necessary government approvals, and the Company’s 100% subsidiary Tellus Petroleum A.S. (“Tellus”) has been approved as…
14 March 2016
Eni starts production of Goliat Norwegian field
Eni has started production of Goliat, the first oil field to start production in the Barents Sea, located within Production License 229, in a ice-free area in the Barents Sea off Norway.Goliat, the first oil field to start production in the Barents Sea, was developed through the largest and most…
11 March 2016
Sustained Low Oil Price Sinks Deepwater Projects
Sustained Low Oil Price Sinks Deepwater Projects, 2016-2020 Deepwater Spend to Total $137 Billion.Douglas-Westwood (DW) forecasts deepwater expenditure to total $137 billion (bn) between 2016 and 2020. This represents a 35% decline compared to DW’s previous edition of the deepwater forecast, covering the 2015-2019 period and issued at the end…
11 March 2016
UK Contractor Appointed for DONG Energy's Walney Extension Offshore Windfarm Pre-Construction Surveys
UK contractor appointed for DONG Energy's Walney Extension offshore windfarm pre-construction surveys DONG Energy has appointed a UK supplier to carry out offshore pre-construction surveys for the Walney Extension offshore wind farm off the coast of Cumbria.Portsmouth based Fugro EMU, the largest commercial marine environmental services organisation in the UK,…
10 March 2016
Eni Move Forward with the Zohr Development
Eni successfully performed the production test of Zohr 2X, first appraisal well of Zohr discovery, which is estimated in a deliverability of up to 250 MMScfd in production configuration.Eni has annouced it successfully performed the production test of Zohr 2X, first appraisal well of Zohr discovery, in the Shorouk block,…
10 March 2016
Fugro Begins Site Investigations at Hollandse Kust Wind Farm Zone
Fugro has commenced preliminary site investigations at the Hollandse Kust (zuid) Wind Farm Zone in the Dutch sector of the North Sea.The site characterisation specialist will perform geophysical surveys from its 54-metre multi-purpose survey vessel, Fugro Pioneer and the 40-metre Victor Hensen. The work will take place over a period…
10 March 2016
Technip Awarded a Three-Year Contract by Total E&P Angola
Technip Angola Engenharia Limitada, a joint venture between Technip and Sonangol, was awarded by Total E&P Angola a three-year engineering services contract. This contract covers services for the existing Girassol, Pazflor, Dalia and CLOV floating production storage and offloading (FPSO) units and associated subsea field development. These FPSOs are located…
9 March 2016
Pumping up Subsea Processing with an Industry Project on Standardization
A joint industry project (JIP) to standardize subsea processing systems has been kickstarted by DNV GL with industry partners Petrobras, Shell, Statoil and Woodside. Subsea development projects have been under substantial pressure due to cost inflation and the low oil price, prompting a need to simplify the industry’s approach. DNV…
9 March 2016
UK Suppliers Selected for Array Cables at Race Bank Offshore Wind Farm
DONG Energy has placed contracts with three different UK companies for the array cables at its Race Bank offshore wind farm, located off the North Norfolk Coast.Array cables connect each of the wind turbines in the offshore wind farm to the main export cable that transmits the electricity generated back…
9 March 2016
Boskalis Awarded Gas Pipeline Trenching and Backfilling Contract
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract from the National Petroleum Construction Company of Abu Dhabi, UAE for dredging work related to the installation of an offshore gas pipeline of the Abu Dhabi National Oil Company as well as to an existing offshore gas pipeline. The activities…
9 March 2016
Second Successful Senegal Appraisal Well for Cairn Energy
Cairn has announced the successful testing of the SNE-3 appraisal well offshore Senegal. Operations have been safely and successfully completed following drilling, coring, logging and drill-stem testing (DST). The well is now being plugged and abandoned. Cairn’s analysis of the extensive dataset collected is continuing with initial results as follows:Two…
8 March 2016
DONG Energy Reaches Agreement with The Crown Estate for Hornsea Zone
DONG Energy has reached an agreement with The Crown Estate to reconfigure the Hornsea zone as part of the Round 3 offshore wind development zones. Following its acquisition of the remainder of the Hornsea zone from Mainstream Renewable Power and Siemens Financial Services in 2015, DONG Energy has now concluded…