Latest News

First Caisson Sets Sail for Aberdeen South Harbour

Aberdeen Harbour’s £350-million expansion has reached another landmark stage with the first 6,000-tonne caisson beginning its journey to South Harbour today, Monday 25th February 2019. The concrete unit departed from Cromarty Firth this evening and will have an anticipated 48-hour arrival period into Aberdeen South Harbour between Wednesday 27th and…


Petro River Acquires an Additional Interest in United Kingdom Southern North Sea Seaward Production Licenses

Petro River Oil Corp, an independent oil and gas exploration company that utilises 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins, announced today the acquisition of an additional 5.63% interest in an international, offshore exploration project in the North Sea through…


Equinor Enhances Permanent Seismic Monitoring with Sonardyne Sensors

Norwegian energy firm Equinor is to deploy cabled subsea instrumentation from Sonardyne International Ltd. to help increase the accuracy of time-lapse seismic data at the giant Johan Sverdrup oil field.From first production at the development, Equinor plans to use seafloor based seismic cable permanent reservoir monitoring (PRM) technology to observe…


Film-Ocean joins the STAPEM Offshore Group

STAPEM Offshore announces the arrival of Film-Ocean, a leading ROV services company.Film-Ocean, innovative subsea solutionsEstablished in 2004, Film-Ocean owns and operates a fleet of Remotely Operated Vehicles (ROV’s) utilised in the Oil & Gas, offshore wind & waterways sectors for underwater inspection, intervention and survey.“Film-Ocean provides a hugely exciting opportunity…


Twin Damen Fast Crew Suppliers 2710 Ordered by Hung Hua Construction Co. Ltd of Taiwan

Hung Hua Construction Co. Ltd. of Taiwan has placed an order for two of Damen’s latest fast crew supply vessel; the FCS 2710. The contract was signed at the end of January and the vessels will be built at Damen Shipyards Singapore for delivery in early 2020.Hung Hua Construction (HHC)…


Golar LNG enters into an agreement to supply a FLNG unit to BP for phase 1 of the Greater Tortue/Ahmeyim Project, West Africa

Golar LNG Limited ("Golar" or "the Company") (NASDAQ: GLNG) announces today that Gimi MS Corporation ("Gimi MS"), a newly incorporated subsidiary of the Company, has entered into a 20-year Lease and Operate Agreement ("LOA") with BP for the charter of an FLNG unit, Gimi, to service the Greater Tortue Ahmeyim…


Update on TUI Drilling Project

The drilling project is currently on target to commence drilling in June with an expected duration of about 110 days. At this stage, 3 sidetrack wells are planned, but Tamarind continues to look at the potential to drill a fourth sidetrack well, depending on the results from the initial 3…


ExxonMobil adds 4.5 billion barrels to reserves

Exxon Mobil Corporation said today it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. ExxonMobil's proved reserves totaled 24.3 billion oil-equivalent barrels at year-end 2018. Liquids represented 64 percent of the reserves, up from 57 percent in 2017.“We…


BP starts gas production from Trinidad and Tobago's Angelin project

BP Trinidad and Tobago (BPTT) today announced first gas production from its Angelin development. The project was delivered on time and under budget.The Angelin development, originally discovered by the El Diablo well in 1995, includes a new platform and four wells. It is located 60 kilometres off the south-east coast…


N-SEA Announces Multi-million Pound North Sea Contract Wins

Managed and supported by N-Sea’s Aberdeen base, the first is a three-year contract, awarded by an international operator. The workscope will take place across a number of the operator’s UK North Sea assets and includes air diving inspection, repair and maintenance, in addition to light construction requirements from its diving…


Enquest awards KCA Deutag a multi-million dollar contract for three UK North Sea platforms

Global drilling and engineering contractor KCA Deutag today announces that its Offshore business unit has been awarded a new drilling contract by Enquest Heather Limited (“Enquest”) for the Magnus, Thistle and Heather platforms.The multi-million dollar contract is for the provision of platform drilling services on all three platforms and came…


McDermott Awarded EPCI Contract from Saudi Aramco

McDermott International, Inc announced today a large* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.The contract includes the full suite of EPCI services for the upgrade of two existing platforms related to the installation of associated equipment for…


Global Deommissioning Set to Hit Record $36 Billion Over the Next 3 Years

Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market. As a consequence, so-called decommissioning obligations in the global oil and gas industry rose to $11.7 billion last year and are projected to hold steady at an average of about…


Kosmos Energy Capital Markets Day

Kosmos Energy Ltd announces that it is hosting a Capital Markets Day presentation today in London for sell-side analysts and institutional investors.The event will be hosted by Andrew G. Inglis, Chairman and Chief Executive Officer, and will include presentations from members of Kosmos’ Leadership Team on the company strategy. The…


Weir agrees sale of Flow Control division to First Reserve

The Weir Group PLC (‘Weir’ or ‘The Group’) is pleased to announce that it has entered into an agreement to sell its Flow Control division to First Reserve, a leading global private equity investment firm focused exclusively on energy, for an Enterprise Value of £275m, payable in cash and subject…


Marathon Oil Signs Agreement for Divestiture of UK Business

Marathon Oil Corporation (NYSE: MRO) announced today the Company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K. businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOWOS). The transaction represents a complete country exit for Marathon Oil.MOUK holds…


Dry well north of the Snøhvit field in the Barents Sea

Lundin Norway AS, operator of production licence 767, is in the process of concluding the drilling of wildcat well 7121/1-2 S.The well has been drilled about 20 kilometres north of the Snøhvit field and about 155 kilometres northwest of Hammerfest.The primary exploration target for the well was to examine reservoir…


EMGS receives multi-client Letter of Intent

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has today received a letter of intent with an approximate value of USD 8 million from an undisclosed customer. Under the letter of intent, the customer will license certain data from the Company's existing EM multi-client…


Colter South Oil Discovery and Forward Plan

The Colter well (98/11a-6) has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a Total Depth of 1,870m MD in the Sherwood Sandstone. The well is an appraisal of the 98/11-3 well, drilled in 1986 by British Gas, within the Colter Prospect.The 98/11a-6 well…


MODEC Awarded Contract of FPSO for SNE Field offshore Senegal

MODEC, Inc. ("MODEC") is pleased to announce that its subsidiary, MODEC International Inc., has been awarded a contract by Woodside Energy (Senegal) B.V., as Operator of the SNE Field Development, for a Floating Production Storage and Offloading (FPSO) vessel for Senegalese waters.Under the contract, MODEC will perform Front-End Engineering Design…