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Fred. Olsen Energy ASA: Minutes of Extraordinary General Meeting

An extraordinary general meeting of Fred. Olsen Energy ASA was held today, 20 December 2018. Please find attached the minutes of the general meeting.All proposals on the agenda were adopted in accordance with the notice for the extraordinary general meeting dated 29 November 2018, including the proposal to change the…


US Gulf of Mexico Poised for Historic year in 2019

Next year is shaping up to be a good one in the US Gulf of Mexico, with the first increase in drilling in four years, first-ever production from a Jurassic play, key new project sanctions and an uptick in M&A all in the cards, global natural resources consultancy Wood Mackenzie…


Subsea 7 Awarded Contract Offshore US Gulf of Mexico

Subsea 7 S.A. announced the award of a sizeable(1) SURF (subsea umbilicals, risers and flowlines) contract by BP for the Manuel project in the US Gulf of Mexico. Project execution will be delivered by Subsea Integration Alliance (SIA)(2), which is a partnership between Subsea 7 and OneSubsea Schlumberger, to provide…


Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia.This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % interest…


Eni Announces Merakes East Gas Discovery in the Indonesian Offshore

Eni successfully drilled and tested the Merakes East prospect in East Sepinggan block, Offshore Kalimantan, Indonesia. The prospect is located 33 km south east from the Eni-operated Jangkrik field and just 3 km east of the Merakes Field. The well has been drilled to a depth of 3,400 m MD…


Reabold Resources plc: Rig Mobilised for UK Drilling Campaign

Reabold announced that, as part of Corallian Energy Limited's two well offshore UK drilling campaign, the ENSCO-72 jack-up rig has now been mobilised from Hartlepool to drill the Wick exploration well in UKCS Block 11/24b (Licence P2235).The Wick exploration well will test a high relief sub-surface structure which Corallian, the…


Industry Demonstrates Cost Leadership in Developing First Offshore Decommissioning Standard Contract

Oil & Gas UK’s subsidiary LOGIC (Leading Oil & Gas Industry Competitiveness), published a new standard contract on 18 December aimed at helping companies committed to delivering offshore decommissioning excellence. The standardisation of legal contracts, spearheaded by LOGIC in partnership with industry, improves the efficiency of drafting, executing and negotiating…


Vattenfall Gives Go-ahead for Kriegers Flak Offshore Wind Farm

Vattenfall has made the final investment decisions for the offshore wind farm Kriegers Flak in Denmark. Further action for Vesterhav Syd & Nord is awaiting the result of the appeal process. The two projects amount to a total value of 1.7 billion euro.With a combined capacity of 949 MW, equivalent…


Dry Well Near the Njord Field in the Norwegian Sea – 6307/1-1 S

Lundin Norway AS, operator of production licence 830, is in the process of concluding the drilling of wildcat well 6307/1-1 S.The well has been drilled about 40 kilometres south of the Njord field and about 95 kilometres north of Kristiansund.The primary exploration target for the well was to investigate the…


Consent to Use Deepsea Atlantic

Fram is an oil field in the northern North Sea, around 20 kilometres north of Troll. Water depth in the area is around 350 metres.Equinor has now received consent from Petroleum Safety Authority Norway to use the Deepsea Atlantic mobile drilling facility to drill three production wells.Drilling is scheduled to…


Vår Energi Awards Jotun FEED Contract to Aker Solutions

Vår Energi is progressing the redevelopment of the Balder and Ringhorne area, and a FEED contract for the Jotun FPSO life extension has now been signed. In total, about 20 billion NOK will be invested in the redevelopment of the area, which includes the first NCS license area, PL 001…


i3 Energy Provides Liberator Update

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announced that it continues to progress the necessary documentation with the UK's Oil & Gas Authority ("OGA") to achieve Field Development Plan ("FDP") approval in early 2019 for the Company's 100% owned and operated…


Ocean Installer is Awarded Johan Castberg FPSO Mooring and Tow Out Scope

Equinor and Ocean Installer have signed a contract that covers the FPSO mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea.Johan Castberg is one of the largest subsea field developments on the Norwegian continental shelf. The project includes Skrugard, Havis and Drivis, which lies…


BW Offshore: Extension Agreement for Abo FPSO

BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 30 June 2019.


DOF Subsea Awarded Three New North Sea Contracts

The Atlantic region has recently been awarded three new contracts in the North Sea. The first of these contracts will see DOF Subsea undertake a workscope in the Norwegian North Sea involving subsea construction support and pre-commissioning operations from the Geosund during December 2018. In addition, the company has been…


Processing Topside Ready for Johan Sverdrup

Fully assembled and tested, the topside for the Johan Sverdrup processing platform is leaving the Samsung Heavy Industries yard on time, below budget and with no serious incidents.Aker Solutions has been responsible for engineering and procurement management for the two topsides, while Samsung Heavy Industries has been responsible for construction…


Schlumberger Awarded Subsea Boosting Contract in the Norwegian North Sea by Equinor

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction (EPC) contract by Equinor for the supply of the industry’s first all-electric actuated subsea boosting system for the Vigdis Field in the Norwegian North Sea.The scope of the contract includes a pump station, with a manifold foundation and…


Schooner and Ketch Decommissioning Environmental Appraisal Report

On the United Kingdom Continental Shelf (UKCS), the decommissioning of offshore oil and gas installations and pipelines is controlled through the Petroleum Act 1998, as amended by the Energy Act 2008. Under the Petroleum Act 1998, owners of an offshore installation or pipeline must obtain approval of a ‘Decommissioning Programme’(DP)from…


Drilling Permit for Well 7132/2-2 in Production Licence 857

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 7132/2-2, cf. Section 15 of the Resource Management Regulations.Well 7132/2-2 will be drilled from the West Hercules drilling facility in position 71°50'28.37"N and 32°23'17.92"E after concluding the drilling of wildcat well 7132/2-1 for Equinor Energy AS,…


Petrofac Awarded Ithaca Construction and Commissioning Contract

Petrofac’s Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy (UK) Limited (Ithaca) valued in the region of US$10 million.Under the terms of this reimbursable contract, Petrofac will be responsible for the topsides construction and commissioning works that are to be undertaken on…