Latest News

Triton Knoll: Consultation on Draft Decommissioning Programme

Consultation on Triton Knoll’s draft Decommissioning Programme is underway, with all comments to be received no later than 25 January 2019.Once complete, the final programme will be submitted to the Department of Business, Energy and Industrial Strategy (BEIS).The draft Decommissioning Programme outlines TKOWFL’s plans for the removal of the offshore…


CGX Energy Announces Definitive Rig Agreement for use of the Ralph Coffman Rig for the Utakwaaka-1 Well

CGX Energy Inc., through its wholly owned subsidiary CGX Resources Inc. has entered into a definitive rig agreement with ROWAN RIGS S.À R.L for the provision of rig services for the drilling of the Company’s Utakwaaka-1 well in its Corentyne block.Under the terms of the agreement, the Company has procured…


Bergen Group Services Enters into Agreement with Equinor Energy AS Comprising Motor Maintenance

Bergen Group Services AS has entered into a 3-year framework agreement with Equinor Energy AS comprised by engine maintenance on offshore installations. The framework agreement, valid from 1 February 2019, is estimated to generate a turnover of at least NOK 50 million throughout the contract period. The agreement includes an…


Energean to Receive US$98 million from Israel Natural Gas Lines

Energean Oil and Gas plc announced it has signed a Memorandum of Understanding (“MOU”) with Israel Natural Gas Lines (“INGL”) for the construction and transfer of the near shore and onshore part of the infrastructure that will deliver gas from the Karish and Tanin FPSO into the Israeli national gas…


Eni Announces the Approval of the Investment Plan for Merakes Development Project in Indonesia

Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s Board of Directors.The Merakes development project, located in the Kutei Basin, offshore East Kalimantan, consists…


Sonangol and BP Agree to Advance BP’s Activities in Angola

Angola’s Sonangol and BP signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola. They also agreed to extend the production licence for the BP-operated Greater Plutonio project on Block 18 to 2032, subject to government approval, and for…


Equinor has Received Consent for Exploration Drilling in the Barents Sea

Equinor is the operator for production licence 857. Petroleum Safety Authority Norway have now given the company consent to drill exploration well 7132/2-2, which aims to investigate a prospect that has been named “Gjøkåsen Deep”.The location has the following geographical coordinates:71º 50’ 28.37” N32º 23’ 17.91” EWater depth at the…


CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL.According to the agreements, the Strategic Cooperation Areas are located in the Pearl River Mouth…


Andalas Energy and Power Plc - Eagle Licence Extension

Andalas Energy and Power plc provided the following update on its investment in Eagle Gas Limited. - The OGA has agreed a 5 month extension of the initial term of licence P2112 to 19 May 2019. - Under the terms of the extension, the licence holder must: - By no…


SNE Field Development - Phase 1 Commences FEED Activities

Woodside advised that the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture(1) has agreed to commence front-end engineering design (FEED) activities following the award of the subsea FEED contract to Subsea Integration Alliance(2) for the SNE Field Development-Phase 1 (SNE development) offshore Senegal. Further FEED contracts are…


BP Announces Sanction of Cassia Compression and Matapal Gas Projects in Trinidad

BP Trinidad and Tobago (BPTT) announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and MatapalThe Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia Area, maximizing recovery from these existing resources.The project will involve…


Equinor Acquires Offshore Wind Lease Outside Massachusetts

Equinor has been declared the provisional winner of one of the three leases offered in the US government’s wind lease sale for an area offshore the Commonwealth of Massachusetts.Equinor submitted a winning bid of USD 135 million for lease OCS-A 0520, during the online offshore wind auction concluded today by…


Consent for Extended Operation – Norne FPSO

Equinor is the operator of the Norne field, which is in production licence 128 in the Norwegian Sea, around 300 kilometres west of Sandnessjøen and 200 kilometres from the Helgeland coast.Norne has been developed using a production and storage vessel (the Norne FPSO) tied to a number of well templates.…


Manora Crude Offtake Agreement

Tap Oil Limited announced that a new offtake agreement has been signed in relation to the marketing of crude from the Manora oil field, offshore Thailand, at a slightly improved price premium to current arrangements.The Manora oil field Operator and Tap’s wholly owned subsidiary, Tap Energy (Thailand) Pty Ltd (Sellers)…


Aasta Hansteen on Stream

On 16 December Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea. On 17 December gas from the Aasta Hansteen field is available to the market for the first time and together with the Polarled pipeline the field opens a new region for…


Subsea 7 Awarded Contract Offshore UK

Subsea 7 announced the award of a sizeable(1) contract by Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb Project, located approximately 140 miles east of Aberdeen. The engineering, procurement, construction and installation (EPCI) project workscope incorporates a 37km 24” export line, a 14” rigid riser, control jumper, subsea structures…


Ampelmann Inks Two New Contracts in Asia Pacific

Dutch multinational Ampelmann, the global leader in offshore access services, has secured two new contracts in the Asia Pacific region. Two A-type systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term Walk to Work (W2W) operations. The contract for India is with…


ADES Secures a Seven-year Contract in Saudi Arabia

ADES International Holding Ltd., a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has successfully renewed an existing contract for Admarine 657 (an ultra-shallow offshore rig previously acquired in June 2018).The renewal for Admarine 657,…


CHC Announces New Contract with OMV to Support Norwegian Sea Drilling Program

CHC Group announced it has been awarded the contract from OMV (Norge) AS, to provide helicopter services in support of their forthcoming drilling program at the PL 644 field in the Norwegian Sea.The operation will begin in Q2l 2019 flying to the Deepsea Bergen drilling rig from CHC's base in…


Australia: In Line with its Discipline on Capital Allocation, Total Reduces its Stake in Ichthys LNG by 4%

Total has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia to operating partner INPEX for an overall consideration of 1.6 billion USD. The transaction, which is subject to Australian regulatory approvals, reduces Total’s interest in the asset to 26%.At full…