Offshore Activity - page 563

Barents Sea southeast opened

Aug 30, 2013

Norway’s Minister of Petroleum and Energy has opened the Barents Sea southeast for exploration. Inviting oil companies to nominate the blocks they would like to have included in the country’s 23rd licensing round, minister of petroleum…

PDVSA joins ENI on Perla

Aug 30, 2013

ENI and Venezuela’s state oil company has agreed to create a new joint venture to exploit the Perla field condensate reserves, estimated at 170MM bbls. PDVSA will hold 60% in the new venture, with ENI holding the remaining 40%. ENI is co-operator of Cardón IV…

Restructure and new MD for Reef Subsea

Aug 30, 2013

Reef Subsea is to restructure its business into two divisions - one focused on integrated subsea projects and to be led by a new managing director. Reef Subsea Integrated Projects, formed by the merger of Reef Subsea Power & Umbilical and Reef Subsea Norway…

Atwood jackup receives extension

Aug 29, 2013

Atwood Oceanics, Inc. announced that one of its subsidiaries has been awarded a two-year contract extension by CEC International, Ltd. for the jackup Atwood Manta. The extension is priced at a day rate of $159,500 in Thailand and begins December 2…

Wartsila wins Brazilian pipelay vessel supply deal

Aug 28, 2013

Wärtsilä has been contracted to supply propulsion solutions for six new offshore pipe laying vessels being built by IHC Merwede. Three of the ships are to be built for Subsea 7. The other three vessels have been ordered by Seabras Sapura…

Fugro awarded 3-year survey contract by Total E&P Angola

Aug 28, 2013

Fugro has been awarded a large, three-year survey contract by Total E&P Angola, with an estimated value of US$26 million, to support its development programs offshore Angola. The contract includes the provision of offshore positioning services…

3sun buys RRC

Aug 28, 2013

Great Yarmouth, UK, headquartered energy services firm 3sun Group has bought RRC Controls Services as part of its plans to grow in Aberdeenshire. RRC, based in Gourdon, Aberdeenshire, manufactures subsea control systems for the offshore oil and gas industry…

CFO leaves Lamprell

Aug 28, 2013

The group chief finance officer of United Arab Emirates-based rig builder Lamprell is to leave the business. Frank Nelson, who joined Lamprell last year, is to return to the UK for personal reasons, said Lamprell, which is due to announce its half year results tomorrow (August 29)…

Third strike for Statoil in Flemish Pass

Aug 27, 2013

Statoil has made a third discovery of crude oil in the Flemish Pass basin, offshore Newfoundland. The discovery was made on the Bay du Nord prospect (EL1112), located approximately 500km northeast of St. John’s, Newfoundland and Labrador…

IADC forms well control institute

Aug 27, 2013

The International Association of Drilling Contractors (IADC) announced the formation of the Well Control Institute (WCI), a new industry body which will provide the drilling industry with a single, universal well control training and assessment standard…

BP proposes Tangier seismic program off Nova Scotia

Aug 26, 2013

Calgary-based BP Exploration (Canada) Ltd. has proposed a 3D seismic acquisition program over Exploration Licenses 2431, 2432, 2433 and 2434 (shown in dark green, center of map at right). The blocks are 230 to 370 km southeast of Halifax…

Meeting held on latest ditching

Aug 25, 2013

UK oil industry body Oil & Gas UK held a meeting with about 80 representatives from operators and major contractors today (Monday) after a helicopter carrying offshore workers crashed off the Shetland Islands, killing four. The CHC Helicopter…

Yinson to acquire Fred. Olsen Production

Aug 23, 2013

In June 2013, Malaysia's Yinson Holdings Berhad made a conditional offer to acquire Norway's Fred. Olsen Production ASA ('FOP') for NOK995.74 million (US$172.1 million), or NOK 9.40/share that was approved by the FOP board. On 4 July 2013…

ALS acquires Reservoir and Earth Data

Aug 23, 2013

ALS entered into an agreement to acquire Reservoir Group for US $533 million (9.6 x Reservoir's FY2013 EBITDA). The transaction follows extensive due diligence undertaken by ALS on Reservoir as a part of an exclusive sale process. Reservoir…

Record spending in North Sea

Aug 21, 2013

Upstream oil and gas investment on the UK Continental Shelf (UKCS) reached a record £13.5 billion this year, according to a new study. But, despite the high spending, production efficiency continues to be an issue in the North Sea, says Oil & Gas UK’s 2013 Economic Report…

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