Latest News

Aker Solutions Wins FEED Contract for Subsea Compression System

Aker Solutions has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io field offshore Australia.The first service order under the master contract will be for front-end engineering and design of a subsea compression station that will boost the recovery of…


E.ON’s Blyth Offshore Wind Farm to be Decommissioned, Bringing to a Close its Pioneering Contribution to the Development of Renewable Technology

The UK’s first offshore wind farm, built off the Northumberland coast by a consortium including E.ON in 2000, is to be taken down, with work beginning in April and expected to last around four to six weeks. When in operation, the two 2MW turbines generated enough power to supply over…


BP Awards Contracts to BHGE & McDermott for Greater Tortue Ahmeyim Natural Gas Project

McDermott International, Inc. and Baker Hughes, a GE company have announced that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal. BP, BHGE and McDermott are working…


SeaBird Exploration: Contract Extension

Reference is made to the stock exchange notice dated 13 November 2018. SeaBird announced that the contract for the Eagle Explorer with CGG has been extended by approximately 80 days. The contract is now firm until 15 August 2019, with further options for CGG to extend with up to 60…


2H Offshore Installs Fast-Track Conductor-Supported Platform Offshore Malaysia

2H Offshore, a riser and conductor specialist in subsea services group Acteon, has completed the installation of a lightweight, conductor-supported, minimum facility wellhead platform offshore Sarawak, Malaysia.The company was responsible for the concept, detailed design, transportation and installation of the platform in 35m water depth for the D28 oilfield Phase…


Mermaid's Associate Asia Offshore Drilling Limited Secures Contract Extension for Jack-up Rig 'AOD I'

Mermaid Maritime Public Company Limited announced that its associate Asia Offshore Drilling Limited (“AOD”) has secured a three (3) year contract extension for the jack-up drilling rig ‘AOD I’ serving a reputable client in the Middle East until June 2022. This extension shall be in direct continuation to the current…


Qatar Petroleum Signs Agreement to Enter a new Exploration Block in Mozambique

Qatar Petroleum entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique.The agreement is subject to customary regulatory approvals by the government of Mozambique. Following such approvals, the partners holding participating interest in the block…


EMGS: Update on Survey in South-East Asia

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on 20 February 2019, wherein the Company announced that it had received a letter of award from an undisclosed customer for a proprietary data acquisition survey in south-east Asia. The Company has now received a purchase…


Egypt's Offshore Red Sea International Bid Round /2019 For Oil and Gas Exploration and Exploitation

The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round to explore and exploit oil and gas in offshore Egyptian Red Sea based on PRODUCTION SHARING AGREEMENT (P.S.A).South Valley Egyptian Petroleum Holding Company…


SeaBird Exploration: Sale of Seismic Data License

SeaBird Exploration announced a license sale of seismic data over Rio Grande Rise in Brazil. SeaBird's share of the sale is approximately $0.8 million. The license sale relates to assets which previously have been written down to $0.2 million on the balance sheet. The company will therefore report a gain…


Delmar Systems, Inc. Successfully Completed First North Sea Rig Disconnect Using RAR Plus Technology

Delmar Systems, Inc. successfully completed an 8-line disconnect of the mooring system on Seadrill’s West Phoenix semi-submersible drilling rig on the UK Continental Shelf. The rig disconnection was performed in an impressive two and a half hours without needing AHTS vessel assistance. The West Phoenix is currently under contract with…


Vestland Offshore: Ocean Duke

Vestland Offshore announced that it has taken Management on yet another Vessel. The Ocean Duke is currently being converted to a Seismic Source Vessel and has a firm 2 year contract secured with SBGS.


BW Offshore: Acquisition of Maromba Field Offshore Brazil

BW Offshore has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of USD 90 million from Petrobras. Closing of the acquisition is subject to fulfilment or waiver of conditions precedents, including approval by The Brazilian National Agency of Petroleum, Natural…


Plan of Development Approved For Mako Field, Duyung PSC, Indonesia

Coro Energy plc, the South East Asian focused exploration and production company, announced that the Minister of Energy and Mineral Resources has approved the Plan of Development ("POD") for the Mako field, Duyung PSC, offshore Indonesia.On 11 February 2019, Coro announced the acquisition of a 15% stake in the Duyung…


Cut of First Steel in the P2 Project

In keeping with the Thai tradition, and now also in good Aibel tradition, Thai monks blessed the cutting of the first steel in a solemn ceremony on Friday 8 March. The ceremony marks an important milestone in Aibel's largest project ever.“The ceremony marks Buddhist beliefs and is also an encouragement…


Nord Stream 2: Finalisation of Technical Design in Russia

Nord Stream 2 AG, the developer of a new natural gas pipeline through the Baltic Sea to supply Russian gas to the key EU market, has published an updated draft environmental impact assessment (EIA) report following finalisation of detail design, as well as optimisation of engineering solutions and construction methods…


Northwest Europe MODU Market: Could 2019 Demand Exceed Availability?

Westwood’s Offshore Drilling Rigs Senior Analyst, Teresa Wilkie on what to expect from a changing Northwest Europe market following a change in the demand supply balance.Full article can be found here.


Reabold Resources Plc: Completion of Colter Drilling

Reabold announced that the sidetrack operation at the Colter well has been completed. The purpose of the well had been to delineate the Colter structure accurately to complement the existing well and seismic data in the area. As previously announced, the anticipated controlling fault between the Colter and Colter South…


PTTEP Makes New Gas Discovery in Orchid-1, Offshore Australia

Phongsthorn Thavisin, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP) disclosed that PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEP AAA), a wholly owned subsidiary of PTTEP had made a successful discovery of gas and condensate at the Orchid-1, the first exploration well in Permit…


Siem Offshore: Contract for Siem Spearfish

The company has agreed a 3-year frame agreement with an undisclosed subsea contractor for the offshore subsea construction vessel “Siem Spearfish”. The vessel has commenced the operation for 2019.