Latest News

Cluff Natural Resources Plc: Completion of Farm on Licences P2252 to Shell U.K. Limited

Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, announced that it has received Oil and Gas Authority (or ‘OGA’) approval in relation to the Farm-out of Licence P2252 to Shell U.K.…


Vår Energi – Consent for Removal and Disposal – Jotun B

Vår Energi has applied for consent for the removal and disposal of the Jotun B facility. Petroleum Safety Authority Norway have now granted the company this consent.The consent, with reference to the Management Regulations Section 25 (4) item e, is granted on the basis of documentation submitted in connection with…


Carnarvon Petroleum Limited: New 3D Seismic Survey

Carnarvon Petroleum Limited announced that a new 3D seismic survey has commenced (referred to as the “Keraudren 3D”) over the Dorado and Roc discoveries and a number of nearby prospects.Prior to the award of WA-435-P, WA-436-P, WA-437-P and WA-438-P to Carnarvon and its partner, no 3D seismic existed in these…


Launch of the Innovative European “3D” Project for the Capture and Storage of CO2 on an Industrial Scale

A consortium of 11 European stakeholders including ArcelorMittal, Axens, IFP Energies nouvelles (IFPEN) and Total, launched a project 28 May to demonstrate an innovative process for capturing CO2 from industrial activities—the DMX™ project. It is part of a more comprehensive study dedicated to the development of the future European Dunkirk…


Vos Prodect Innovations BV: HV Cable Hang-off System Contract

Hellenic Cables - Fulgor SA has awarded a contract to Vos Prodect Innovations BV, to design & deliver sealed cable hang-off systems for 6 High Voltage sealed cable hang-off systems, to be installed on 3 offshore platforms, located in Belgium.The Cable hang-off systems are designed for securing submarine cables at…


Eni Acquires Rights in Three New Exploration Licenses in Mozambique

Eni, through its subsidiary Eni Mozambico, has acquired rights to explore and develop offshore blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche and Zambezi Basins. Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada (ExxonMobil) and authorized by Mozambican institutions, Eni acquires a…


i3 Energy plc Announces Investment

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announced that it has entered into binding terms with funds managed by Lombard Odier Asset Management (Europe) Limited for a £3mm participation in the junior loan note facility, the proposed terms of which were…


Prosafe: Three-year Contract Signed with Petrobras for Safe Eurus in Brazil

Prosafe has signed a contract with Petrobras Netherlands B.V. for the provision of the Safe Eurus semi-submersible vessel for safety and maintenance support offshore Brazil.The contract commencing Q4 2019 with a firm period commitment of three years will be the first for the Safe Eurus, a vessel designed and built…


Wood to Lead Subsea Integration and Flow Assurance for Landmark Subsea Development in Australia

Wood has secured a new contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.Effective immediately, the one-year contract will be delivered locally by Wood’s team based in Perth, harnessing local expertise and industry capability.The Jansz-lo…


Delek Group & Ithaca Energy Limited Announce the Acquisition of Chevron North Sea Limited for USD 2 billion

Delek Group and Ithaca Energy Limited announced that Ithaca is to acquire Chevron North Sea Limited (“CNSL”) for $2 billion. The transaction will add a further ten producing field interests to the existing Ithaca portfolio, four of which relate to assets operated by the Company, resulting in an approximately 150%…


Announcement of Awards in Predefined Areas (APA) 2019

The Ministry of Petroleum and Energy announced APA 2019 on 29 May 2019, encompassing the predefined areas with blocks in the North Sea, Norwegian Sea and Barents Sea.The deadline to apply for APA 2019 is Tuesday, 27 August 2019 at 12:00. Applicants are encouraged to submit in good time before…


Wood and NERA Announce New Partnership to Develop World-first Prediction Tool

Wood and NERA (National Energy Resources Australia) announced a new funding partnership arrangement led by Wood, in collaboration with the University of Western Australia (UWA), to support the development of an online hydrate blockage prediction model for operating gas condensate systems.Methane hydrates present a major challenge in multiphase subsea production…


Cuba's First Licensing Round

Unión Cuba-Petróleo (CUPET) is calling Oil Companies, interested in carrying out exploration and exploitation of Hydrocarbon activities in the Economic Exclusive Zone (EEZ) of the Cuban sector in the Gulf of Mexico to present offers for one or more blocks, under Production Sharing Agreements (PSA).Offered blocks for the first License…


Supermajor Oil Companies Lead the Way in High Impact Exploration

The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018, limited by a lack of depth in the quality of global drilling opportunities, according to experts at research consultancy, Westwood Global Energy Group.It’s 10th annual ‘State of Exploration’ report reviewed…


Blue Water Energy Acquires Welding Specialist Pipeline Technique Limited

London-based private equity firm Blue Water Energy announced the acquisition of Pipeline Technique Limited (“PTL”), a leading provider of high-end pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (“HMC”) for an undisclosed consideration. PTL is headquartered in Huntly, UK with additional worksites…


Petrofac Secures Two North Sea Contract Extensions

Petrofac’s Engineering and Production Services (EPS) business has been awarded two Operations and Maintenance (O&M) contract extensions for long-standing clients worth a combined value of approximately US$32 million.Petrofac secured a 12-month renewal from Total E&P UK (Total) for the supply of O&M support to its Alwyn and Dunbar platforms in…


SMD Deliver CBT2400 to Boskalis

Soil Machine Dynamics Ltd (SMD) announced the delivery of an ultra-high powered, compact 2400hp Cable Burial Tractor (CBT2400) to BoskalisThe CBT2400 and associated deck equipment were mobilised directly onto Boskalis’ specialist cable lay vessel, the NDEAVOR from the Swan Hunter quayside access point adjacent to SMD’s production facility. The tractor…


ACE Winches Reels in Gulf of Mexico Deals

ACE Winches, the global leader in the design, manufacture and hire of lifting, pulling and deploying solutions, has been awarded two major contracts in the Gulf of Mexico using their innovative linear winch pull-in systems.The first contract was awarded by Subsea 7 for the Shell Vito project, a deep-water discovery…


Sembcorp Marine Completes World’s Biggest and Strongest Semi-submersible Crane Vessel for Heerema

The world’s biggest semi-submersible crane vessel (SSCV) is set to blaze a trail when it enters into service in the coming months, armed with the strongest pair of revolving cranes for offshore oil, gas and renewable energy installation and decommissioning jobs.Named after the Norse God Odin’s eight-legged stallion and newly…


Qatar Petroleum Awards Offshore Topsides and Pipelines FEED Contract

Qatar Petroleum has awarded the FEED (Front End Engineering Design) contract for the North Field Expansion Project's offshore pipelines and topsides facilities.The scope of this FEED, which was awarded to McDermott Middle East Inc., includes engineering design for eight unmanned wellhead platform topsides, four 38" trunk lines and four 28"…