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9 April 2015
Apache Agrees to Sell Australian Operations for $2.1 Billion
Apache Corporation today announced an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management Inc. for cash payment of $2.1 billion. The transaction is expected to close mid-year 2015 and is subject to…
9 April 2015
Premier Oil Spud Isobel Deep Well in North Falkland Basin
Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, announces that the 14/20-1 'Isobel Deep' well (the "Well") was spudded, by Premier Oil as operator, at 22:20 local time on the 8th April 2015.The Well is…
8 April 2015
Cortez Subsea Signs Alliance in Malaysia
Subsea services and technology products company Cortez Subsea has established its first foothold in the Malaysian oil and gas sector after signing an exclusive agreement with a major player to introduce its supply chain capabilities into the region.The Aberdeen-based company has joined forces with procurement and engineering company Oceancare Corporation…
8 April 2015
Shell to buy BG Group
(Reuters) - Royal Dutch Shell (RDSa.L) said on Wednesday it had agreed to buy BG Group (BG.L) for $70 billion in a bid to close the gap on the world's biggest oil company, U.S. ExxonMobil (XOM.N).In a joint statement, the two firms said that as part of the recommended deal…
8 April 2015
Woodside Makes Gas Discovery at Pyxis-1
Woodside advises that the Pyxis-1 exploration well in production licence WA-34-L has intersected approximately 18.5 metres of net gas within the Jurassic sandstone target.The well reached a total depth of 3347 metres. Wireline logging has confirmed the discovery through the recovery of gas samples to surface and establishment of a…
7 April 2015
AWE Brings Pateke-4H Well into Production
AWE Limited as Operator of PMP 38158, advises that the subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system has been successfully completed and that oil production has commenced. The Pateke-4H well has been brought onto production and flow testing…
2 April 2015
Fugro Awarded ROV Contract in Republic of Congo
Fugro has been awarded a five-year contract with an estimated value of USD 100 million by Total E&P Congo. The agreement is for ROV services and remote subsea tooling in the Moho Nord field, situated around 75 kilometres off the coast of Pointe Noire in the Republic of Congo.Fugro will…
2 April 2015
Premier Makes Discovery in Falkland Island
Premier is pleased to announce that the Zebedee well (14/15b-5) in PL004b (Premier 36 per cent equity) discovered 81 feet of net oil-bearing reservoir and 55 feet of net gas-bearing reservoir.The well penetrated multiple targets in the Cretaceous F2 and F3 formations with a total hydrocarbon net pay of 136…
1 April 2015
Harkand Awarded Diving Support Contract in Mexico
Harkand has secured a USD 5 million contract in Mexico to perform saturation diving services in support of an offshore pipeline project for offshore construction company Swiber Offshore Mexico S.A de C.V.The global subsea inspection, repair, maintenance, and light construction company has recently finalised a joint venture with Arena Servicios…
31 March 2015
McDermott Wins Jack and St. Malo Contract
McDermott announced today that it has been awarded a sizeable contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron to support the brownfield expansion of the Jack and St. Malo fields in the U.S. Gulf of Mexico. The value of the award is included in…
31 March 2015
2H Offshore Awarded Contract for Norway’s Johan Sverdrup Field
2H Offshore, an Acteon company, has been awarded a contract by Statoil for tieback conductor, platform conductor and surface riser engineering analysis on the Johan Sverdrup field in the Norwegian sector of the North Sea. 2H had already conducted engineering studies for Statoil to support wellhead specification on the Johan…
31 March 2015
ExxonMobil Begins Production at Hadrian South in Gulf of Mexico
Exxon Mobil Corporation announced today it began production in the deepwater Gulf of Mexico at Hadrian South with facilities tied back to the nearby Lucius project, reducing additional infrastructure requirements.Daily gross production from Hadrian South, ExxonMobil's deepest subsea tie-back in nearly a mile and a half of water, is expected…
31 March 2015
First Production from New Platform in the Danish North Sea
Production has started from the new unmanned platform Tyra Southeast-B, safely, on time and on budget. The platform is expected to add reserves of 50 million barrels of oil equivalent (BOE) over the next 30 years to Danish production."The Tyra Southeast extension is a great example of how we extract…
30 March 2015
Harkand Wins Multi-Million Pound Deal with Maersk Oil North Sea
Harkand has secured a multi-million pound contract with Maersk Oil North Sea Ltd for the provision of DSV services in the North Sea region.The 12-month contract will be serviced by Harkand's two DSVs, the Harkand Da Vinci and Harkand Atlantis, supported by project management and engineering from Harkand's Aberdeen office.Harkand…
30 March 2015
Scana Wins OCTP Mooring Equipment Contract
Scana Industrier ASA have been awarded a contract for delivery of mooring equipment Agreement. Scana Industrier ASA has through its subsidiary Scana Offshore Vestby won a contract for delivery of mooring equipment to Yinson Production (West Africa) Pte Ltd in Singapore. The equipment will be used on an FPSO to…
30 March 2015
Statoil Makes its Eighth Discovery in Block 2 Offshore Tanzania
Statoil announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.The discovery of an additional 1.0-1.8 trillion cubic feet (tcf*) of natural gas in place in the Mdalasini-1 well, brings the total of in-place volumes up to approximately 22 tcf in Block 2.The Mdalasini-1…
30 March 2015
UTEC Wins 3-Year Master Service Agreement for North America
UTEC Survey, an Acteon company, has announced award of a 3-year Master Service Agreement (MSA) with Technip, North America.The award confirms a three-year extension to its current North America MSA with Technip, an agreement which encompasses a full range of survey services including, but not limited to, pre-lay and as-built…
30 March 2015
Innovative ROV on Test
A completely new subsea technology developed by companies in Haugesund north of Stavanger has been used by Gassco for inspection of the Knarr gas pipeline during March.The Surveyor Interceptor Remotely Operated Vehicle (ROV) had its first commercial outing in the North Sea for the Knarr Gas Pipeline. This assignment which…
27 March 2015
Allseas Begins Polarled Pipelay
On 26 March 2015, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas from the Aasta Hansteen field in the Norwegian Sea to Nyhamna in western Norway.Statoil is operator during the development of the Polarled project and therefore…
26 March 2015
Farstad Shipping Takes Delivery of Far Sleipner
Farstad Shipping ASA has today Thursday 26 March taken delivery of subsea-/construction vessel Far Sleipner from Vard Langsten.The vessel is designed for subsea construction/IMR operations to 3,000 meters water depth, has an overall length of 142.6 meters, beam of 25 meters and a deck area of 1,800 m². The vessel…
25 March 2015
Fugro Opens New Office in Ghana
Fugro's continued expansion in Africa was marked with the recent establishment of Fugro Ghana Limited in Accra. This new base provides access to Fugro's comprehensive range of services and will support the promising market for oil and gas projects for its clients in the processes of exploration, construction and field…
25 March 2015
Bibby Polaris Goes into Dry-Docks
A&P Tyne have welcomed the Bibby Polaris to their Hebburn facility this week. Arriving on the 15th March at the sites West Quay, the vessel de-mobilised in preparation for her dry-docking on the 20th March. The 10 day dry-docking will include general repair works, painting of hull/decks/helideck, removal and overhaul…
25 March 2015
IKM Subsea Awarded ROV Contract by Solstad Offshore Asia Pacific
Solstad Offshore in Singapore have awarded IKM Subsea Singapore a contract to provide ROV services onboard their DLB "Norce Endeavour" for Construction Support projects offshore Thailand for 2015.The barge will be mobilized in Singapore.IKM Subsea will provide the Merlin WR 200 Workclass ROV together with the required toolings to execute…
23 March 2015
IKM Ocean Design Awarded Statoil EPC Contract
Statoil has awarded the EPC Contract for the Zeepipe IIA Gooseneck Spool and Retrofit Hot Tap Tee to IKM Ocean Design. The contract has a duration of approximately 18 months for the completion of detailed design/engineering, procurement and construction. The work starts immediately.The Gina Krog Field is an oil and…
23 March 2015
FMC Technologies and Technip to Launch Forsys Subsea
FMC Technologies Inc. and Technip today signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained.Bringing the industry's…
23 March 2015
Gullfaks Wet Gas Compressor Ready to be Installed
The world's first subsea wet gas compression system is ready to be installed on the seabed and tied back to the Gullfaks C platform to provide another 22 million barrels of oil equivalent from the Gullfaks South Brent reservoir."I'm very proud of this project. Subsea compression is a game changer…
18 March 2015
FES International Completes DBSC Contract for Oceaneering International
Two automatic Diverless Bend Stiffener Connector (DBSC) units produced by global supplier of fluid transfer systems, FES International, were delivered to Oceaneering International, Inc. and installed successfully at the Esso Exploration Angola (Block 15) Limited Kizomba Satellites Phase 2 development located off the Angolan shore, West Africa.The automatic DBSCs are…
18 March 2015
Bowleven Completes Etinde Farm Out
Bowleven has announced the completion of the Etinde farm-out transaction and confirmed receipt of the initial $165 million cash proceeds (excludes estimated $5 million working capital adjustment).The farm-out transaction comprised the sale of 30% and 10% interests in the Etinde Permit to LUKOIL and NewAge, respectively, in return for a…
18 March 2015
Statoil Awarded New Licence Offshore Indonesia
Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia.The licence covers an area of approximately 8,300 square kilometres, adjacent to Statoil's existing exploration acreage in the Aru and West Papua IV licences. Statoil will operate the licence with a 100% working interest."This is a…
18 March 2015
BG Group Produces 1st Oil from the Knarr Field in Norway
BG Group, a world leader in exploration and LNG, today announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in the North Sea, offshore Norway.The FPSO has been leased from Teekay Corporation and is moored approximately 120 kilometres off the…
18 March 2015
Statoil and Partners Strengthen Aasta Hansteen with a New Gas Discovery
Operator Statoil has together with PL218 partners made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea. The discovery is an important contribution to the Aasta Hansteen field development project and Polarled pipeline utilisation."The Snefrid Nord discovery increases the resource base for the Aasta Hansteen field development…
17 March 2015
JDR Expands Service Footprint in West Africa
JDR, a leading provider of technology connecting the offshore energy industry, has expanded its footprint by establishing a new service and maintenance facility in Port Harcourt and Lagos, Nigeria in partnership with Royal Niger Emerging Technologies. In the agreement, which also establishes a long-term trade partnership, the Global Service division…
16 March 2015
GE Oil & Gas Announces $850M Contract Award for Offshore Cape Three Points Block
GE today announced the booking of an $850 million order across its Oil & Gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) block, Ghana. This order incorporates both turbomachinery and subsea elements, with the first shipment planned for Q4 2015. Further shipments are planned…
16 March 2015
Eni Finds Gas in Offshore Libya
Eni has made a significant discovery of gas and condensates offshore Libya, in the Bahr Essalam South exploration prospect in Area D, 82 kilometres from the coast and 22 kilometres from the production field of BahrEssalam. Eni, through its subsidiary Eni North Africa BV, is operator of Contract Area D…
16 March 2015
Johan Sverdrup Contract for Power Supply from Shore
Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field development.The contract value is around NOK 1.1 billion, and covers delivery of electrical equipment for a converter station by the Kårstø processing complex at…
16 March 2015
DOF Subsea Awarded Contracts in the Atlantic and North America Region
DOF Subsea, a subsidiary of DOF ASA, has been awarded several contracts in the Atlantic region.The award will include work on both the Norwegian and UK sector. The work scope includes among other installation of flexible flow lines and umbilical's on the Corrib field, operated by Shell Ireland Ltd.The North…
13 March 2015
Buzzard Soars High Marking 500 Million Barrels Production
The Buzzard Field has passed a truly significant landmark by producing its 500 millionth barrel of oil.The North Sea development which was discovered in 2001 has surpassed all expectations with its profilic production capability since it began producing in 2007.At the time of field approval in 2003, the field was…
12 March 2015
GDF Suez Make Central North Sea Oil Discovery
GDF Suez E&P UK Ltd and its co-venturers today announced a new discovery in the UK Central North Sea. The 22/16-6 well on the Dalziel structure flowed at rates in excess of 8,000 barrels of oil equivalent per day. The well is now being side-tracked to appraise the extent of…
12 March 2015
DOF Subsea Asia Pacific Wins Chevron IMR Contract
Chevron Australia Pty Ltd has awarded DOF Subsea Asia Pacific a three years Master Services Agreement, IMR contract to work on projects on the Australian North West Shelf.DOF Subsea will deploy the DP Vessel the Skandi Protector to undertake this work supported by an extensive management, engineering and logistics team…
11 March 2015
Noryards to Build Eco-Friendly Vessel for BOA
Noryards AS has announced the signing of a new shipbuilding contract with the Norwegian ship-owner and operator BOA for an eco-friendly Inspection Maintenance and Repair (IMR) Vessel. Total contract value is in the range of NOK 700 mill. In addition to a firm contract on delivery of a IMR vessel,…
10 March 2015
Ocean Installer Awarded More Statoil Work
Ocean Installer awarded more Statoil work Ocean Installer has signed amendments with Statoil for umbilical marine installation at the Visund field and for riser replacement at the Troll B field. The work will be executed under the SLMP Marine Installation Contract."We are pleased to have secured more work for a…
10 March 2015
Claxton Awarded New Centralizer Contract for Statoil’s Gina Krog Development
Claxton, an Acteon company, has been awarded a contract with Statoil to supply conductor and internal centralizers to a minimum of 14 wells on the Gina Krog development, offshore Norway. The contract was finalised in December 2014, and first delivery is scheduled for March 2015. Claxton is responsible for the…
10 March 2015
Bhagwan Marine Goes Subsea
Bhagwan Marine, Australia's leading provider of vessels to the Offshore Oil & Gas and Resources Industries, has announced the launch of its subsea division.The new venture brings a highly experienced and proven team of senior subsea management professionals together with Bhagwan's solid track record for the provision of Marine services…
9 March 2015
BP Finalises Deal to Develop Egypt’s West Nile Delta Gas Fields
BP announces the signing of the West Nile Delta project to develop 5 tcf of gas resources and 55 mmbbls of condensatesBP today announced that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million…
9 March 2015
BP Makes Second Gas Discovery in Egypt’s East Mediterranean Sea
BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The "Atoll-1" deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig "Maersk Discoverer," has reached 6,400 metres depth and penetrated approximately 50 metres of gas pay in high…
9 March 2015
Statoil Orders New Emergency Vessel for the Mariner Field
Statoil (U.K.) Limited has awarded a contract to Sentinel Marine Limited to provide a new multi role Emergency Response & Rescue Vessel (ERRV) to support operations on the Mariner field on the UK Continental Shelf (UKCS).Sentinel Marine is an Aberdeen-based company, owning and operating offshore support vessels in the oil…
9 March 2015
Premier Oil Spuds Zebedee Prospect in Falkland Islands
Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive license areas to the North, South and East of the Falklands islands, is pleased to announce that the 14/15-5 'Zebedee' exploration well (the "Well") was spudded, by Premier Oil as operator, on 6 March 2015.The…
6 March 2015
New timeline for Johan Castberg and Snorre 2040
The licensees in the Johan Castberg and Snorre 2040 licences have decided to spend more time on the projects."Castberg and Snorre 2040 are two major and important projects in our portfolio, and it is important that we find sound and robust development solutions for them," says Ivar Aasheim, Statoil's senior…
5 March 2015
ExxonMobil Set to Commence Oil Exploration Drilling Offshore Guyana
US based oil company, ExxonMobil's oil exploration ship, the Deep Water Champion is in position at the Stabroek Block offshore in Guyana and will be commencing its approximately US$200M oil exploration project on 5th March 2015.Guyanese President Donald Ramotar along with Minister of Natural Resources and the Environment, Robert Persaud…
5 March 2015
VAALCO Energy Spud First Well in Block 5 Offshore Angola
VAALCO Energy, Inc. announced that on March 2, 2015, the Company spudded the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola. As previously announced, VAALCO contracted the Transocean "Celtic Sea" semi-submersible rig to drill the Kindele-1 well to a planned total depth of 2,250 meters in…