Saturday, December 15, 2018

OE Daily: 2018 / November

 

Equinor: New Jersey Project to be Called “Boardwalk Wind”

Nov 30, 2018

Equinor Wind US has announced the name of the renewable energy project under development for New Jersey: Boardwalk Wind. Photo courtesy of Equinor “We wanted a name that spoke to the best of New Jersey…

Petrobras May Divest $15 Bln Over Next Few Years

Nov 30, 2018

Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday. © Celso Pupo…

Shell Exits Draugen and Gjøa Fields

Nov 30, 2018

A/S Norske Shell has completed the sale of its interests in the Draugen and Gjøa offshore fields in Norway for 4.52 Billion NOK (US$526 million) to Norwegian focused OKEA AS. (Photo: Norwegian Ministry…

IOG Delays North Sea Project Financing

Nov 29, 2018

UK based oil and gas development & production company Independent Oil and Gas Plc (IOG)cautioned that current oil price volatility and capital market conditions aren’t conducive to deliver its financing plan for the core Southern North Sea project before year-end…

DOF Subsea Awarded Australian IMR Contract Extension

Nov 29, 2018

The international subsea operating company DOF Subsea said that its subsidiry DOF Subsea Australia Pty Ltd’s existing Subsea Inspection, Maintenance and Repair Contract with Chevron Australia has been extended. Image…

Lukoil Sees Production Up 3.5% in 2018

Nov 29, 2018

Russian oil producer Lukoil said on Thursday that it was expecting its hydrocarbon production to increase by 3.5 percent this year. (Photo: Lukoil) The company also plans an increase in hydrocarbon production of 1 percent next year…

Vestdavit to Equip Nexans Cable Layer

Nov 29, 2018

Bergen-based Vestdavit said has secured a contract to equip the Nexans flag ship cable layer Nexans Aurora with its MissionEase multi-boat handling system for mission bays. Nexans new flag ship cable…

ABS, GE Partner on Digital Rigs

Nov 29, 2018

ABS awarded GE Service Provider recognition for GE’s Marine Solutions’ SeaStream Insight—a data analytics-informed solution that provides health and performance monitoring of rig equipment via a digital twin—enabling condition-based maintenance on ABS classed rigs…

Crude Inventory Growth Sends Brent Below $60

Nov 29, 2018

The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a 10th straight week of crude inventory build in the U.S. – striking fears of a repeat of the 2014/16 oil glut. ©…

Tullow Acquires 35% Stake in Comoros PSC

Nov 29, 2018

The wheels of discovering and exploiting hydrocarbon resources offshore the Union of the Comoros, off Africa's east coast, may have been moving albeit slowly since 2008 when the government first invited bids for exploration of oil and gas in the Indian Ocean's volcanic archipelago…

Gabon Offers 22 Offshore Blocks

Nov 28, 2018

Gabon's Minister of Oil and Hydrocarbons Pascal Houangni Ambouroué has unveiled a new offshore licensing round covering 12 shallow-water and 23 deep-water blocks. Activities in Gabon Image: Tullow Oil…

Hardide Coating for Subsea Duties

Nov 28, 2018

The provider of advanced surface coating technology Hardide Coatings has provided a coating solution for a new tool that will save oil and gas operators millions of pounds per year by extending weather windows for drilling operations. Image…

Perenco Acquires Polo Nordeste Fields

Nov 28, 2018

Petrobras says it reached a USD370mln deal with Perenco to sell its operations in the Polo Nordeste and granted oil 3R Petroleum a 40-year concession to operate 34 oil fields in Bacia Potigar in a deal worth USD453mln. Image…

Morrison Completes EPCIC Work for DeNovo

Nov 28, 2018

Energy services company Chet Morrison Contractors LLC said it has completed an Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) work scope at the Iguana field development for Trinidad and Tobago’s newest upstream operator…

Eight OSD Systems to Petrobras

Nov 28, 2018

Sea-state monitoring firm Miros Group is set to supply eight Oil Spill Detection (OSD) systems to Brazilian oil major Petrobras in the world’s largest x-band radar-based OSD surveillance and response contract to date. Photo…

i-Tech Services Wins IMR Contract

Nov 28, 2018

i-Tech Services said it has secured its first inspection, repair and maintenance (IRM) contract for the vessel MMA Pinnacle with a Malaysia-based integrated oil and gas services company, following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year…

Orsted Plots $30 Bln Green Energy Investment

Nov 28, 2018

Denmark's Orsted will invest $30 billion in green energy up to 2025, it said on Wednesday, as it seeks to become one of a handful of future 'renewable majors' leading a global transition from fossil fuels to green energy. (Photo…

High Hopes for Campos Basin

Nov 28, 2018

Although much of the hype surrounding the Brazilian oil and gas market is directed toward the Santos Basin pre-salt, recent and older pre-salt discoveries in existing areas and on recently-awarded blocks within Campos Basin offer significant…

Van Oord Contracts Tekmar Borssele 2 Offshore Wind Project

Nov 27, 2018

The subsea cables and engineering services provider Tekmar Energy announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for the Borssele 2 (site III and IV) offshore wind farm…

Aquaterra to Install Two Platforms for FIRST E&P in Nigeria

Nov 27, 2018

Global offshore engineering solutions provider Aquaterra Energy in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer…

Solstad Offshore Wins PSV Contract from Allseas

Nov 27, 2018

Swiss-based offshore contractor has hired two platform supply vessels (PSVs) from Norwegian offshore shipping company Solstad Offshore. (L-R) Normand Naley, Sea Supra. Photo: Solstad Offshore ASA Norwegian…

Østensjø Rederi Bags New Contracts

Nov 27, 2018

Norway-based international provider of marine services in the offshore and towage sectors Østensjø Rederi has been awarded a contract by a major European energy company for operation in the renewable sector. Photos…

Subsea7 Upgrades BWTS at Optimarin

Nov 27, 2018

An Optimarin Ballast System (OBS) installed on Seven Pacific, a Subsea7 vessel, in 2015 has been upgraded to meet the ballast water treatment system (BWTS) requirements of the United States Coast Guard (USCG). Optimarin CEO Tore Andersen…

Husky SeaRose FPSO Ops Suspended

Nov 27, 2018

Operations at the SeaRose floating production, storage and offloading (FPSO) vessel are suspended, with all production wells secure, after an oil release, according to information released by Husky EnergyOperations will remain suspended until…

Floating Wind Turbine Installed at Kincardine

Nov 27, 2018

Contracted by the Spanish construction group Cobra, Bourbon Subsea Services completed the installation of the first wind turbine at Cobra Wind’s Kincardine site, Scotland, off the coast of Aberdeen this summer. Photo…

First Steel Cut for Karish and Tanin FPSO

Nov 27, 2018

Energean Oil and Gas announced that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, on Monday. The FPSO is scheduled to be delivered to the Karish field offshore Israel in late 2020…

Seadrill Expects Contracting Rigs Market to Improve

Nov 27, 2018

Norwegian offshore drilling rig firm Seadrill Ltd sees the contracting rigs market improving from 2019-20, as it reported its first quarterly results on Tuesday since emerging from Chapter 11 bankruptcy in July. (Photo: Seadrill) The company…

Rolls-Royce to Equip New Drilling Rigs

Nov 27, 2018

Rolls-Royce said it has signed agreements for the supply of mooring equipment to drilling rigs under construction at Singapore’s KeppelFELS yard and China Merchants Heavy Industry’s facility in Jiangsu, China. (Image…

Petronas Q3 Profit Jumps 43%

Nov 27, 2018

Malaysian state-owned energy firm Petroliam Nasional Berhad, or Petronas, on Tuesday said it will increase its dividend payout to the government after its third-quarter net profit jumped on higher revenue and oil prices. ©…

Norway Revokes Cairn, Kosmos Investment Exclusions

Nov 27, 2018

Norway's sovereign wealth fund, the world's largest, will no longer exclude Cairn Energy Plc and Kosmos Energy Ltd from its portfolio of investments, the Norwegian central bank said on Tuesday. (Photo…

Petronas Sets Up Team for Renewables Push

Nov 27, 2018

Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday. ©…

Ecopetrol Sets 2019 Investment at $3.5 billion

Nov 27, 2018

Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects. Photo…

Seadrill CEO Sees 2019 as Another Challenging Year

Nov 27, 2018

The next year will be another challenging time for offshore drillers due to continuing supply overhang even though prices are starting to improve, the chief executive of rig firm Seadrill told Reuters on Tuesday. (Photo…

DNO Offer for Steady Faroe About Stable North Sea

Nov 27, 2018

Shares in Faroe Petroleum skyrocket 25 percent, as DNO’s takeover bid targets company that engineered low breakeven price. (Photo: Transocean) Oil prices might have fallen 30 percent since September’s highs…

Ørsted Completes Divestment in Hornsea 1 Offshore Wind Farm

Nov 26, 2018

Danish offshore wind farm developer Orsted A/S has completed the divestment of 50% of the Hornsea 1 Offshore Wind Farm to Global Infrastructure Partners (GIP). Image: Ørsted Three months ago…

Boskalis Inks Pact with Saudi Aramco

Nov 26, 2018

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program. Image: Boskalis Boskalis…

Fred. Olsen Windcarrier Installs 400th Wind Turbine

Nov 26, 2018

Denmark-based offshore wind farms service provider Fred. Olsen Windcarrier has marked a milestone in offshore wind turbine installation as it installed the 400th unit. Image: Fred. Olsen Windcarrier The…

JDC Bags Indonesian Drilling Contract

Nov 26, 2018

Japanese offshore drilling company Japan Drilling Co., Ltd. (JDC) has entered into a drilling contract with Premier Oil for the provision of the Hakuryu-11 jack-up drilling rig. Hakuryu-11 jack-up drilling rig…

Canadian Drillers Expect Flat Year

Nov 26, 2018

The Canadian Association of Oilwell Drilling Contractors (CAODC) said that the Canadian oil and gas industry is simply too dysfunctional to anticipate any kind of quick recovery. Photo: Canadian Association…

Wintershall Gains 10% Stake in Ghasha Gas Project

Nov 26, 2018

The United Arab Emirates has awarded Wintershall Holding a 10 percent stake in the Ghasha ultra-sour gas mega project, the Abu Dhabi National Oil Co. (ADNOC) said on Monday. (Photo: ADNOC) The…

Oil breaks above $60

Nov 26, 2018

Oil rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, although uncertainty over global economic growth limited the gains. © artemegorov / Adobe Stock Brent crude futures rose $1…

CNPC Replacing Total in South Pars Gas Project

Nov 26, 2018

China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday.'China's CNPC has officially replaced…

Norway Eyes Offshore Wind to Power Gas Plant

Nov 26, 2018

Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters. ©…

Damen: New Fast Crew Supplier for US Market

Nov 26, 2018

Damen Shipyards Group has unveiled a new vessel design geared toward the developing offshore wind market in North America: the Fast Crew Supplier (FCS) 3410 service accommodation and transfer vessel (SATV). (Image…

Boskalis Wins USD 283 mln Contract from Ostwind

Nov 25, 2018

Dutch dredging Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection. Image: Royal Boskalis Westminster N…

EDP Renewables Opens Wind Farm in Spain

Nov 25, 2018

Portuguese renewables company EDP Renewables (EDPR) has inaugurated the Muxía Wind Farm in the homonymous municipality, in the Autonomous Spanish Region of Galicia. Image: EDP Renewables A…

European Energy Erects Zinkgruvan First Turbine at Zinkgruvan

Nov 25, 2018

The first turbine has been erected at European Energy's Zinkgruvan wind project in Sweden marking an important milestone in the offshore wind sector. Image: European Energy The project is located approximately 70 km north of Linköping…

Montha-1 Exploration Well Disappoints KrisEnergy

Nov 25, 2018

KrisEnergy, a Southeast Asian upstream company, focuses on the exploration, development, and production of oil and gas, has failed to find significant hydrocarbon shows in the Montha-1 exploration well in the reservation area of the G10/48 license in the Gulf of Thailand…

Equinor Extends Maersk Intrepid Deal

Nov 25, 2018

Norwegian multinational energy company Equinor ASA has exercised two options of two months each for jack-up rig Maersk Intrepid, said Danish offshore driller Maersk Drilling. Image: Maersk Drilling As a result…

Addax Petroleum Extends Yinson’s Adoon FPSO Deal

Nov 25, 2018

Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon for another three months, pending discussion for a potential longer-term deal. FPSO Adoon - Nigeria. Image:…

Denovo Delivers First Gas to NGC from Iguana Field

Nov 25, 2018

Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in Block 1(a) off the coast of Trinidad and Tobago. Image…

China's First Deepwater Multi-Purpose Vessel Wins Accolades

Nov 25, 2018

China’s first multi-purpose offshore vessel “Offshore Oil 286” has won the top 20 national excellent ocean engineering projects selected by China Consultant Association of Ocean Engineering. Image: Offshore…

Nordic American Offshore Shelves Horizon Maritime Combination

Nov 25, 2018

The owner and operator of platform supply vessels (PSVs) Nordic American Offshore (NAO) has informed that its project to combine with Horizon Maritime Services has been called off. Image: Horizon Maritime A…

Big Oil Digs North Sea's 'Final Frontier'

Nov 23, 2018

'Little hope of THIS rock ever producing oil,' BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a distant corner of the North Sea. Clair Ridge (Photo: BP) That…

Total to Raise Output in 2019

Nov 23, 2018

Oil major Total's output will rise to 3 million barrels of oil equivalent per day in 2019, Chief Executive Patrick Pouyanne said on Friday. (Photo: Total) The company has said its production rate stood at 2…

Fieldwood Optimistic About Gulf of Mexico

Nov 23, 2018

Just a few short years ago, few had heard of Fieldwood Energy. In five short years, the privately-held company purchased properties and assets when Apache, SandRidge and Noble Energy exited the area. Fieldwood…

Ineos Completes Clipper South Re-routing Project

Nov 22, 2018

UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal. Image…

Eni Norge Granted Drilling Permit

Nov 22, 2018

The Norwegian Petroleum Directorate (NPD) has granted Eni Norge AS a drilling permit for well 7122/7-7 S, cf. Section 15 of the Resource Management Regulations. Image: Eni Norge The…

Equinor Energy Strikes Gas in Barents Sea

Nov 22, 2018

Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion…

Lundin to Drill Barents Sea Well

Nov 22, 2018

Europe's independent oil and gas exploration and production company Lundin Norway will drill and test a new exploration well in the Barents Sea, following approval by the Norwegian Petroleum Safety Authority (PSA). Image…

Equatorial Guinea Punishes Subsea 7

Nov 22, 2018

Equatorial Guinea has ordered energy operators to stop doing business with oil and gas service firm Subsea 7 for failing to comply with local laws aimed at creating more jobs for locals, the oil minister said on Thursday. ©…

Crude Oil Inventory Update

Nov 22, 2018

Crude inventory build has reared its head again. And fears of an oil glut returning have sent oil prices south. © WestPic / Adobe Stock According to the International Energy Agency (IEA)…

Congo Unveils More Enticing Offshore Exploration Opportunities

Nov 22, 2018

Congo (Brazzaville), sub Saharan Africa's third largest oil producer, has intensified its campaign to promote the country's offshore drilling and exploration investment opportunities. (Image: Republic…

Sapura Energy Wins Contracts in Mexico, Malaysia

Nov 21, 2018

Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln). Image…

ALE, OM Heavy Lift to Raise Dundee Offshore Profile

Nov 21, 2018

Global heavy lift and transportation specialist ALE has expanded its heavy lifting services by establishing a non-disclosure agreement with the Port of Dundee, which is owned by Forth Ports, and lifting, jacking and storage specialist OM Heavy Lift to provide the full service of port operations…

Sonardyne Leads AUV Collaboration Project

Nov 21, 2018

The UK-based underwater positioning and communications technology company Sonardyne International Ltd has initiated a collaborative project to drive a major step change in ocean system autonomy for long-endurance autonomous underwater vehicles (AUVs)…

Oil Rebounds After Prior Session's Slide

Nov 21, 2018

Oil prices rose almost $2 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply. ©…

SBM Orders Second Fast4Ward FPSO Hull

Nov 21, 2018

SBM Offshore signed a contract Wednesday for a second hull in its planned series of Fast4Ward floating production, storage and offloading units (FPSO) with Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS). The…

ROV Innovation Saves Millions for Woodside

Nov 21, 2018

An innovative use of remotely operated underwater vehicle (ROV) technology for subsea jacket inspections at Australia’s largest oil and gas development has demonstrated substantial cost reductions and operational improvements. (Photo…

Deutsche Bucht Offshore Wind Substation Nears Completion

Nov 21, 2018

Ten months after the final assembly of the offshore substation (OSS) for the new Deutsche Bucht offshore wind farm started at Damen Shiprepair Vlissingen (DSV), the substation topside has now been moved outside the construction hall so that further outfitting can take place…

BP Producing 588,000 BPD in Azerbaijan

Nov 21, 2018

Oil output at the BP-led Azeri-Chirag-Guneshli oilfields in Azerbaijan totalled 588,000 barrels per day in the January to September period, BP-Azerbaijan said on Wednesday. (Photo: BP) (Reporting by Nailia Bagirova…

UK Energy Watchdog Proposes Tests for New Suppliers

Nov 21, 2018

Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday. Ofgem said the tests should ensure new…

East Timor Buys Shell's Stake in Greater Sunrise

Nov 21, 2018

East Timor has agreed to buy Royal Dutch Shell's stake in the Greater Sunrise natural gas fields off the northern coast of Australia for $300 million, the government and Shell Australia said on Wednesday. (Image…

Argentina to Export First LNG in 2019

Nov 21, 2018

Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a floating LNG liquefaction (FLNG) vessel provided by Exmar, the Belgian shipping company said on Wednesday. The…

Leak-free ROV Tooling for Deepwater Operations

Nov 21, 2018

As the Brazilian oil and gas market emerges from a four year crisis, with expanded oil block tenders including the high quality/high yield pre-salt plays desired by most major IOCs, new subsea solutions are required to increase operational efficiency while decreasing costs…

Johan Castberg Topside Construction Begins

Nov 21, 2018

Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale  project triggering ripple effects throughout Norway…

Trump Thanks Saudi Arabia Over Oil Prices

Nov 21, 2018

U.S. President Donald Trump on Wednesday praised Saudi Arabia over recent oil prices and called for prices to go even lower, likening it to 'a big tax cut' that could boost the U.S. and global economies. (Official Whte House Photo by Joyce N…

Subtech Wins Middle East Contracts

Nov 21, 2018

Specialist marine and subsea services provider Subtech Group announced on Tuesday it has recently secured multimillion dollar contracts with an oil and gas contractor, supporting a number of offshore and subsea projects across the Middle East…

TechnipFMC to Expands in Saudi Arabia

Nov 20, 2018

UK-based energy industry company in TechnipFMC has broken ground on its new state-of-the-art manufacturing, aftermarket and training facility in Dhahran in the eastern region of Saudi Arabia. Image: TechnipFMC The 52…

GE Teams with Catapult to "Stay Ashore!"

Nov 20, 2018

GE Renewable Energy and the UK's Offshore Renewable Energy (ORE) Catapult have announced a $11 million four-year research partnership aimed at minimizing the time people have to spend offshore, which will enhance both safety and operating costs for offshore wind farms…

Shelf Drilling Bags Contract Extension for Trident XIV Jack-up Rig

Nov 20, 2018

International jackup drilling contractor Shelf Drilling announced that it has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria. Image…

McDermott Bags Petrobras Contract

Nov 20, 2018

McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program. Image: McDermott The…

Danish Parliament Includes Offshore Shipping in International Register

Nov 20, 2018

The Danish Parliament has approved new regulation following extension of the rules on tax free net wages for seafarers to also include certain specialized vessels. Image: Danish Maritime Authority According to Danish Maritime Authority…

Woodside Inks 20-year Gas Supply Deal

Nov 20, 2018

Woodside Petroleum Ltd, Australia's biggest listed oil and gas explorer, said on Tuesday it had signed a 20-year gas supply deal with Perdaman Chemicals and Fertilisers Pty Ltd.The agreement is to supply about 125 TJ of gas per day for use in Perdaman's proposed urea plant…

Oil Slumps 7 Percent

Nov 20, 2018

Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth. ©…

Heerema to Sell Two Fabrication Yards

Nov 20, 2018

Heerema Fabrication Group (HFG) announced Tuesday that it intends to divest its activities at the locations in Zwijndrecht, the Netherlands and Hartlepool, U.K.  (Photo: HFG) The Dutch firm…

Philippine Senators Ask Duterte to Disclose China Energy Plan

Nov 20, 2018

Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are not recognized under international law…

Atlantic Canada Oil Spill Caused by Weak Flowline Connection

Nov 20, 2018

A weak connector on an underwater oil flowline caused a spill during a fierce Atlantic storm last week off the coast of Canada's Newfoundland & Labrador, Husky Energy Inc said on Tuesday.The spill is the largest-ever off the coast of the Canadian province…

40-50 Exploration Wells Planned off Norway in 2019

Nov 20, 2018

Oil and gas companies plan to drill 40-50 exploration wells on the Norwegian continental shelf in 2019, similar to levels seen in 2018, the head of exploration activities at the country's Petroleum Directorate told a conference on Tuesday. ©…

Tidal Power for Seabed Oil and Gas Installations

Nov 20, 2018

There is great potential for large underwater turbines engineered to harness power from tides and ocean currents to produce industrial-scale levels of electricity. At the smaller scale, tidal power can be just as useful and, indeed, can be much easier to deploy to meet commercial needs…

Shrinking Numbers of Jobless Could Mean Engineer Scarcity

Nov 20, 2018

Norway’s overall, oil-fueled economic expansion may be hampering the offshore industry from recruiting the engineering talent it needs, just as signs of recovery appear from segment-to-segment. Talent…

Oil Markets Face Unprecedented Uncertainty

Nov 20, 2018

Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday. Fatih Birol…

Enpro, Kosmos to Deploy FAM Tech in GOM

Nov 19, 2018

Enpro Subsea reached a Master Services Agreement (MSA) with Kosmos Energy (formerly Deep Gulf Energy) aimed at providing enhanced subsea architecture and smart standardization via Enpro's patented Flow Access Module (FAM) technology. Image…

Construction Begins at Galloper Offshore Wind Farm

Nov 19, 2018

A ground-breaking ceremony was held at Harwich International Port, North Sea seaport in Essex, to mark the official start of construction of the GBP 10 million operations & maintenance (O&M) base for Galloper Offshore Wind Farm. Photo…

Hydroid Wins AUV Order from Japan

Nov 19, 2018

Hydroid received an order for a New Generation REMUS 6000 AUV from the Japan Agency for Marine-Earth Science Technology (JAMSTEC) as part of the Strategic Innovation Promotion Program (SIP): Innovative Technology for Exploration of Deep Sea Resources…

V.Ships Wins Magellan Explorer Contract

Nov 19, 2018

The global marine and offshore vessel management and support services provider V.Group said that its V.Ships Leisure unit has been awarded a contract by Antarctica21 for the technical management of the expedition vessel, Magellan Explorer. Expedition…

TurkStream Gas Conduit Offshore Section Complete

Nov 19, 2018

The pipe-laying vessel  Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea.  The TurkStream pipeline will carry Russian gas across the Black Sea to Turkey. Pioneering…

Enhancing Safe Ship Operations in Arctic

Nov 19, 2018

The European Union (EU)-funded 'Safe maritime operations under extreme conditions: the Arctic case' (SEDNA) project is developing ways to improve the design, operation, navigation and anti-icing features of ships traversing the harsh Arctic region…

Novatek in Nyakhartinskoye Field Gas Find

Nov 19, 2018

Russia's largest independent natural gas producer Novatek announced that its wholly owned subsidiary OOO Novatek-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous…

North Sea Crude: Forties Falls to Three-year Low

Nov 19, 2018

North Sea Forties crude differentials fell to a three-year low on Monday, pressured by ample prompt supplies and limited demand. © davispics / Adobe Stock Ekofisk DelaysSome Ekofisk…

Nexans Wins Hornsea 2 Contract

Nov 19, 2018

Nexans announced Monday it has secured a contract to supply of over 200 kilometers of the high voltage alternating current (HVAC) subsea export cable system for the near shore section of  the world's largest offshore wind farm. The contract…

Magseis Inks MoU with Schlumberger

Nov 19, 2018

Norwegian nodal acquisition company Magseis ASA announced Monday it has signed a Memorandum of Understanding (MoU) with Schlumberger's geophysical services product line WesternGeco to offer joint bundled seismic services including ocean-bottom…

Saipem 7000 Enters Repair Yard

Nov 19, 2018

One of the world's largest semi-submersible crane and pipelaying vessels has arrived in the Netherlands for an extensive six-month upgrade. (Photo: Damen) The Saipem 7000 is in Damen…

Turkey Warns Against Energy Exploration with Greek Cypriot Govt

Nov 19, 2018

Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean, saying such activities could damage regional stability. ©…

Nigerian Opposition Candidate Seeks to Boost Oil Investment

Nov 19, 2018

Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country's oil sector if he becomes president next year, according to a draft copy of his manifesto.He plans to reconsider the introduction of bidding rounds for marginal fields and oil blocks…

Delek Drilling to Spin Off Tamar Stake

Nov 19, 2018

Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday. Tamar Platform (Photo: Albatross Aerial Perspective Ltd…

Subsea ‘Smart Standardization’

Nov 19, 2018

Enpro Subsea & Kosmos Energy commit to subsea ‘smart standardization’ in Gulf of Mexico (Photo: Enpro Subsea) Enpro Subsea reached a Master Services Agreement (MSA) with Kosmos Energy…

Liftboat Taking on Water in US Gulf

Nov 19, 2018

Fifteen people have been rescued from a liftboat that lost power and is listing and taking in water in the U.S. Gulf of Mexico. The Coast Guard and three good Samaritan vessels assisted in the rescue of 15 people from a lift boat near Grand Isle…

Ineos to Buy ConocoPhillips North Sea Assets

Nov 18, 2018

Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company. North Sea…

Shearwater Completes Acquisition of Schlumberger's Seismic Fleet

Nov 18, 2018

Norway-based provider of marine geophysical services Shearwater GeoServices Holding  announced the completion of the acquisition of the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger…

PGS Offers Seismic Vessel to Japan

Nov 18, 2018

Norwegian seismic services provider Petroleum Geo-Services (PGS) has offered to sell the Ramform Sterling vessel to the Japan Oil, Gas and Metals National Corporation (JOGMEC). Image: PGS The…

SBM Offshore Wins AIP for Wind Floater Design from ABS

Nov 18, 2018

The classification society American Bureau of Shipping (ABS) has issued an Approval in Principle (AIP) to Dutch-based SBM Offshore for its proprietary wind floater design. Image: SBM Offshore The…

BMT Inks Service Deal with Al Masaood

Nov 16, 2018

BMT said it has signed a service agreement with UAE oil and gas supplier and contractor Al Masaood Oil & Gas. Bakri Tarmanini, Business Development Manager at Al Masaood Oil & Gas; Louise Ledgard, Director Business Development at BMT…

Expro Wins BP Extension

Nov 16, 2018

Oilfield services company Expro said it has secured a four-year contract extension for BP’s Shah Deniz Stage 2 project in the South Caspian Sea. (Photo: Expro) The contract extension…

PGS Tallies South America Contract

Nov 16, 2018

Norwegian seismic firm PGS revealed it has entered into a contract for a 3D survey in South America. (Photo: PGS) PGS did not reveal the name of the client, but said the contract value is estimated to be in excess of $75 million…

Oil Gains on Talk of Supply Cut

Nov 16, 2018

Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied…

Harnessing Digital Information to Power Costs Savings

Nov 16, 2018

The high cost of producing offshore reserves is increasingly driving operators to seek out efficiencies, such as doing more with the data they collect. © Kittiphat / Adobe Stock “A lot…

Tidewater & GulfMark Consolidation Creates Largest OSV Fleet

Nov 16, 2018

VesselsValue's Head of Offshore Charlie Hockless weighs in on the merger between Tidewater and GulfMark. Combined GulfMark and tidewater global coverage (Credit VesselsValue) 'The consolidation…

MacArtney Delivers TRIAXUS ROTV to China

Nov 15, 2018

MacArtney Singapore delivered a TRIAXUS ROTV with customised sensor payload to the Chinese Academy of Science for oceanographic research projects in the South China Sea. Image: MacArtney Singapore The Chinese Academy of Science…

Georgia Bullish on Offshore Natural Gas and Oil Reserves

Nov 15, 2018

Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS). Image…

Energean to Drill More in Greece and Israel

Nov 15, 2018

UK-based international oil and gas exploration and production company Energean Oil & Gas said that it is on track to achieve first gas from the Karish-Tanin project off the coast of Israel in the first quarter of 2021. Karish…

FPSO Market to Turn Around: Rystad Energy

Nov 15, 2018

The global floating production storage and offloading (FPSO) has stirred back to life after enduring a couple years in virtual hibernation during the downturn, said Rystad Energy research. Graph: Rystad…

Four New Crew Boats for Allianz

Nov 15, 2018

Damen Shipyards Group has delivered four new Fast Crew Suppliers (FCS) 2610 to Allianz Middle East Ship Management.  (Photo: Damen) The four vessels will undertake work in the ADMA oil field in Abu Dhabi…

Talos Awards Zama Contract to McDermott

Nov 15, 2018

McDermott International announced Thursday it has been awarded a contract from Talos Energy for concept and engineering services for the Zama field development project – the first offshore Mexico block awarded to a private operator.The contract is for engineering services…

Abkatun-A2 Sail Away

Nov 15, 2018

The largest oil platform to be constructed in Mexico in the last decade has left McDermott International's fabrication yard in Altamira, Tamaulipas, Mexico. (Photo: McDermott) The 15…

Angola Battles to Revive Oil Exploration

Nov 15, 2018

On Saturday, nearly two decades after securing the initial rights, Total's CEO Patrick Pouyanné was in Luanda to snip the ribbon on a $16 billion oil project. It's not clear when he, or his peers, will be cracking open the bubbly in Angola again…

Putin: I Discussed Oil Prices with Trump

Nov 15, 2018

Russian President Vladimir Putin said on Thursday he had discussed the world oil market with U.S. President Donald Trump when both men were in Paris to mark the anniversary of the end of World War One. File…

Aibel Wins Gudrun Contract

Nov 15, 2018

Norwegian services company Aibel said it has been awarded a front end engineering design (FEED) contract for Gudrun Phase 2 Water Injection in the North Sea. The contract with operator Equinor also includes an option for the actual implementation in the form of engineering…

First Jack-up Certified Cyber Secure

Nov 15, 2018

New cyber security standard for newbuild offshore units Howard Fireman (Photo: ABS) ABS said it has awarded a Cyber Security-Ready (CS-Ready) Notation to a jack-up drilling rig built by Sembcorp Marine…

Mubadala Picks Up Second Deal in Offshore Egypt

Nov 15, 2018

The Abu Dhabi-based international oil and gas company Mubadala Petroleum has scored a second win in its drive to entrench its upstream investments in Egypt after signing a sale agreement with Italian giant Eni for a 20 percent stake in the Nour North Sinai Offshore Area concession…

Offshore Platforms Controlled from Land

Nov 15, 2018

Aker BP said it will become the first oil company in Norway to control operations of a permanently manned offshore platform from land from next year. The Ivar Aasen platform (Photo: Aker BP) Operating…

Unique Group Signs Partnership with Deepwater Corrosion Services

Nov 15, 2018

The integrated subsea and offshore solution provider Unique Group  has entered into a cooperation agreement with offshore corrosion control company Deepwater Corrosion Services Inc. (L-R) Sharad Kumar (Unique Group) and Steve Hankins (Deepwater)…

ADNOC LNG Wins Extension of Gas Supply Contract to 2040

Nov 15, 2018

The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui, BP and Total. Image…

COWI Expands in US Offshore Wind Energy

Nov 15, 2018

In a major developement, international consulting group COWI announced it plan to increase its presence in the USA significantly with the consultancy contract with Vineyard Wind in Massachusetts – the first major US offshore wind energy project…

UK Offshore Licensing Round 'Encouraging'

Nov 14, 2018

The U.K.’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the U.K. Continental Shelf (UKCS). A strong and diverse set of applications were received from 35 companies ranging from multinationals to microbusinesses…

TechnipFMC Inks Deal with Chevron

Nov 14, 2018

TechnipFMC announced on Wednesday it has signed a five-year Surface Technologies Frame Agreement with Chevron to cover the exclusive supply of surface wellhead equipment and service in the U.S. and Canada.Richard Alabaster, President of TechnipFMC’s Surface Technologies business…

Oil Markets Rattled by New Demand/Supply Imbalance

Nov 14, 2018

Fear of a new oil demand/supply imbalance has rattled the oil market. © pichitstocker / Adobe Stock Market sentiment has suddenly shifted. Fear that Iran sanctions will cause oil prices…

'Recovery' Led by OSVs with Engineers On Board

Nov 14, 2018

A report back in 2014 from numbers crunchers Rystad Energy — about the timing of an upturn for subsea engineering — appears to be proving largely true. Recovery, it said, would begin haltingly in two parts: first subsea services and then subsea equipment…

Decommissioning Offshore Saudi Arabia

Nov 14, 2018

Subsea and offshore solutions provider Unique Group, together with engineering, construction and equipment rental company Innovo, have completed a multimillion dollar decommissioning contract for Italian marine oil and gas contractor Saipem offshore Saudi Arabia…

Wind to be EU's Largest Power Source in Ten Years

Nov 13, 2018

Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according to the International Energy Agency’s (IEA) 2018 World Energy Outlook. Image…

Corallian Energy on Course for Wick Exploration Well in December

Nov 13, 2018

UK-based Corallian Energy has revealed that the UK Government had looked favourably upon its plans for two offshore exploration wells. Image: Ensco plc The Offshore Petroleum Regulator for Environment and Decommissioning…

Cellula Robotics to Build Unmanned Underwater Vehicle

Nov 13, 2018

Cellula Robotics has received green signal for the next phase of a contract under which the Canadian company will develop and build a long-range unmanned underwater vehicle (UUV). Image: Cellula Robotics…

Subsea 7 Goes to Taiwanese Offshore Wind Market

Nov 13, 2018

Norway's Subsea 7  subsidiary Seaway Offshore Cables (SOC) has won a contract to supply and installation of the export and inner array grid cable system for the Yunlin Offshore Wind Farm project by YunNen Wind Power Company, a company of the WPD Group…

Eidesvik Offshore Bags CGG Charter

Nov 13, 2018

Norway's Eidesvik Offshore said that a company in the group has entered into an agreement with a CGG subsidiary for a new contract for the source vessel Veritas Viking. Veritas Viking. Image: Eidesvik…

Mero Field: Ultra-Deepwater Challenges

Nov 13, 2018

A range of cutting-edge technologies, including specialized drilling equipment, custom subsea systems and purpose built floating production storage and offloading (FPSO) units, help Brazilian national operator Petrobras and its partners tackle…

Oil Slumps to One-year Low

Nov 13, 2018

Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. © namning / Adobe Stock U…

Aoka Mizu FPSO Needs Extra Repairs

Nov 13, 2018

The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras, Spain will be extended for additional repair work, said U.K. based Hurricane Energy. Aoka Mizu FPSO (Photo: Bluewater) The FPSO…

Largest-ever Bismuth Plug Deployed

Nov 13, 2018

Metal-to-metal downhole sealing solutions provider BiSN said it recently deployed the largest-ever bismuth plug in the Valhall A-30 well, Norway, in conjunction with AkerBP and Altus Intervention. Valhall…

China LNG Growth Not Slowing -Woodside

Nov 13, 2018

China's appetite for liquefied natural gas (LNG) has not slowed, but its purchases have been spread more evenly, avoiding last year's sudden spike to meet winter demand, Australia's top independent LNG producer said on Tuesday. (Photo…

SeaBird Takes Delivery of Seismic Vessel from CGG

Nov 13, 2018

Norwegian seismic surveyor SeaBird Exploration said it had taken delivery of the Geowave Voyager from France's CGG, and the vessel has been renamed Eagle Explorer. © Patrick Deenik / MarineTraffic.com The…

Cooper Energy: Sole Pipeline Test Fails

Nov 12, 2018

Australia-based Cooper Energy says testing of the newly installed Sole pipeline in the eastern Gippsland basin offshore Victoria, southeast Australia has revealed localized damage. Image: Cooper Energy 'Laying…

HullWiper Expands into Gibraltar with SCAMP

Nov 12, 2018

HullWiper, the hull cleaning solution provider, in partnership with global provider of ship fuel conservation and underwater services SCAMP, is offering an affordable, safe and eco-friendly hull cleaning solution for vessels transiting the Strait of Gibraltar…

Equinor Hires Havila Shipping PSV

Nov 12, 2018

Norway's Havila Shipping  has entered into a charter contract with Equinor UK for the platform supply vessel (PSV) Havila Borg. Havila Borg. Image: Havila Shipping ASA The offshore…

Saudi Aramco, ADNOC to Cooperate on LNG

Nov 12, 2018

The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal to explore potential areas for mutual collaboration in the LNG value chain aimed at bolstering gas production and revenue…

Solstad Offshore Bags More Contracts in Brazil

Nov 12, 2018

Norwegian offshore service and supply ship shipping company Solstad Offshore has entered into a contract for the CSV Normand Pioneer (1999, CSV, 286t BP) with Queiroz Galvão Exploração e Produção S.A in Brazil. Normand Pioneer…

Ørsted Awards Jacket Foundation Contract

Nov 12, 2018

Sing Da Marine Structure Corporation (SDMS) has been awarded a multimillion dollar contract to construct the jacket foundations for Ørsted’s 900MW Greater Changhua offshore wind project off Taiwan. (Photo…

Trump Hopes OPEC Won't Cut Production

Nov 12, 2018

U.S. President Donald Trump on Monday said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting oil supply next year, citing softening demand. (Official White House Photo by Joyce N…

Venezuela Hoping to Raise Oil Output

Nov 12, 2018

Venezuela is hoping to steeply raise oil output next year but will respect any new deal if OPEC agrees to reduce output from December, Oil Minister Manuel Quevedo said on Sunday. © Lukasz Z / Adobe Stock The…

IKM Wins ROV Contract from AKOFS

Nov 12, 2018

IKM Subsea said it has been selected to provide remotely operated underwater vehicle (ROV) services as part of AKOFS Offshore's five + three year light well intervention (LWI) services contract on the Norwegian continental shelf (NCS) from Equinor…

Digitalization Can Save Upstream Business $73 Bln a Year

Nov 12, 2018

Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. The…

EnBW Cuts Renewables Outlook

Nov 12, 2018

German energy group EnBW on Monday cut the outlook for its renewables division after low wind and water levels hurt the output at its hydroelectric power plants and wind parks. (Photo: EnBW) The…

Lukoil: No Need to Cut Output in 2019

Nov 12, 2018

Russia's Lukoil sees no need to cut crude output in 2019, CEO Vagit Alekperov said on Monday, as global producers discuss the situation in oil markets. (File photo: Lukoil) Russia is…

Total Launches $16 Bln Project Offshore Angola

Nov 12, 2018

Africa's second largest crude producer Angola and France's Total officially inaugurated a new deep-sea oil field worth $16 billion in the Atlantic approximately 260 kilometers from the capital Luanda. Total…

Belgium Propels Offshore Wind Energy

Nov 12, 2018

Northwester 2 in Belgium will be the world’s first offshore wind park to feature the V164-9.5 MW turbine from MHI Vestas Offshore Wind. Image: MHI Vestas Offshore Wind It’s full steam…

Hess Corp Completes Drilling on Aspy Well Offshore

Nov 12, 2018

The  exploration and production company Hess Corporation said that Aspy probe did not encounter commercial quantities of hydrocarbons. Image: Hess Corporation Hess Corporation announced…

Ampelmann Strengthens Foothold in the Middle East

Nov 12, 2018

Ampelmann, the global leader in offshore access solutions, has opened its second office in the Middle East in a move to further expand its presence in the region. The office in Dubai (UAE) will be manned by Tim Mulders as Business Developer…

PSA Probing West Phoenix Rig Fire

Nov 09, 2018

Norway's offshore safety watchdog said it has launched a probe into a fire that broke out on the West Phoenix mobile drilling unit on Monday. West Phoenix (File photo: Seadrill) The fire…

New Tech Improves Offshore Safety Training

Nov 09, 2018

Offshore workers are set to be better prepared for helicopter safety training thanks to new innovative technology being launched at a U.K. safety training provider. (Photo: Falck) Falck…

Test

Nov 09, 2018

Test

Benthic Completes Esso Survey off Guyana

Nov 09, 2018

Geosciences company Benthic completed field work for Esso Exploration and Production Guyana Ltd. for an offshore geotechnical investigation and environmental baseline survey in the Stabroeck and Canje blocks offshore Guyana. ©…

Keppel to Upgrade KrisEnergy Production Barge

Nov 09, 2018

Singapore's Keppel Offshore & Marine said its wholly-owned subsidiary Keppel Shipyard has secured a contract worth about S$30 million (US$21.8 million) for the modification and upgrading of a production barge for SJ Production Barge Ltd, a wholly…

Maersk Drilling Sells Jack-up

Nov 09, 2018

Denmark's Maersk Drilling announced Friday it has entered into an agreement to sell the 32-year-old jack-up rig Mærsk Giant to an unnamed Australasian-based independent oil and gas operator. The transaction is expected to close before end of 2018…

Denmark-Netherlands Subsea Power Cable Reaches Dutch Coast

Nov 09, 2018

A subsea power line set to link the networks of Denmark and the Netherlands reached the Dutch coast on Friday as part of plans to share excess electricity from wind farms and other sources. Photo: www…

Supply Chain in Recovery Mode

Nov 09, 2018

While the offshore industry is showing signs of recovery, it may still be some time before the supply chain starts to feel a sense of relief. The number of offshore projects greater than 50 million barrels…

Lundin Norway Awards EPCI Contract to WorleyParsons

Nov 09, 2018

Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation contract (EPCI) by Lundin Norway ASO in the Norwegian Continental Shelf. Managing Director of Rosenberg WorleyParsons…

API Enhances Offshore Safety Standard

Nov 09, 2018

The American Petroleum Institute (API) released its newest valve standard as part of the industry’s continuous efforts to improve operational safety and environmental protection. Image by ExxonMobil According to a release from the agency…

Tailwind Completes EOG UK Acquisition

Nov 09, 2018

London-based Tailwind Energy  has announced the completion of the acquisition of Houston-headquartered oil and gas firm EOG Resources's UK portfolio.   Image: Tailwind The oil and gas…

Ørsted Concludes Deepwater Wind Acquisition

Nov 09, 2018

Danish wind energy giant Orsted completed its previously announced takeover of Deepwater Wind from D.E. Shaw group in a deal valued at $510 million. Image: Deepwater Wind The company…

New York Seeks 800 MW Offshore Wind

Nov 09, 2018

Newly re-elected Governor Andrew M. Cuomo issued a comprehensive solicitation seeking 800 megawatts or more of new offshore wind projects for New York. Governor Andrew M. Cuomo. Photo: NY State According…

Eni CEO Claudio Descalzi Meets Angola's president

Nov 09, 2018

Eni president Claudio Descalzi has met Angola's president Joao Goncalves Lourenco in Luanda to discuss the Italian energy giant's operations in the country. The President of Angola João Gonçalves Lourenço meets Eni CEO Claudio Descalzi…

HydraWell Completes TAQA Decommissioning

Nov 09, 2018

The manufacturer of specialty equipment for the oil and gas industry HydraWell has completed an offshore decommissioning project for TAQA in the Netherlands. Image: HydraWell The plugging…

Novatek Secures South-Leskinskiy License

Nov 09, 2018

Russia's largest independent natural gas producer PAO Novatek has secured a new exploration license on the Gydan peninsula. Image: PAO Novatek The seventh largest publicly traded company…

UK: Enough Oil and Gas Reserves for the Next 20 Years

Nov 09, 2018

The UK has enough oil reserves to sustain production for the next 20 years and beyond, new figures indicate. Image: Equinor A report published by the UK Government suggests that the…

Solstad Tallies Equinor Contracts

Nov 08, 2018

Norwegian owner Solstad Offshore ASA informs it has been awarded a contract from Equinor for the two-year charter of the 2005-built platform supply vessel (PSV) Normand Skipper, and an extension for the 2013-built PSV Sea Falcon, for work in the U…

UK Petroleum Reserves Could Sustain Production for 20 Years

Nov 08, 2018

The U.K.’s oil and gas reserves remain at a level which could sustain production for at least the next 20 years and beyond if additional undeveloped resources can be matured, according to the U.K. Oil and Gas Authority (OGA). ©…

Aquaterra Bags More Johan Sverdrup Work

Nov 08, 2018

Aquaterra Energy announced Thursday it has been awarded a contract by Equinor to deliver early well construction operations for the next 16 wells of the Johan Sverdrup field development in the Norwegian North Sea. (Photo…

Reach Charters Topaz Tiamat

Nov 08, 2018

Norwegian based Reach Subsea said it has entered an agreement with Dubai headquartered Topaz Energy and Marine to charter newbuild light subsea construction vessel Topaz Tiamat for 2.5 years, plus three one-year options. (Photo…

Norwegian Oil, Gas Plants Restart after Ship Collision

Nov 08, 2018

An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields…

Optimistic Tower Resources Returns to Namibia

Nov 08, 2018

Three years after Tower Resources and its partners relinquished their assets in Namibia, the company has returned after signing a new Petroleum Agreement it previously promised shareholders and which gives it an 80 percent operated interest…

Decommissioning Gets into Deep Water in GoM

Nov 08, 2018

LOC Group’s Houston office provides perspective on decommissioning developments in the Gulf of Mexico. (Credit: LOC) The Gulf of Mexico basin covers approximately 1.6 million km2 and…

CGG Releases Data from Mozambique Survey

Nov 08, 2018

The fast-track 3D seismic data from CGG’s recent Mozambique multi-client survey in the outer Zambezi Delta Basin is now available for license, the geoscience company announced during Africa Oil Week. Early…

BREAKING: Tanker, Frigate Collision Shuts Down Norwegian Oil, Gas to Europe

Nov 08, 2018

Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker…

OKEA Gets Approval to Acquire Shell's Draugen, Gjoa Fields

Nov 07, 2018

Norway's Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the licenses associated with the Draugen field in the Norwegian Sea and the Gjøa field in the North Sea…

Ofgem Grants Offshore Wind Licence to Dudgeon OFTO

Nov 07, 2018

The government regulator for gas and electricity markets in Great Britain Office of Gas and Electricity Markets (Ofgem) has granted TC Dudgeon OFTO plc a licence for the link to the Dudgeon offshore wind farm. Image…

Panoro Energy Buys OMV Tunisia

Nov 07, 2018

London-based E&P company Panoro Energy said its Norwegian subsidiary Panoro Tunisia Production has reached an agreement with OMV Exploration & Production GmbH to acquire 100 percent of the shares of OMV Tunisia Upstream GmbH. Image…

Poland Aims 8 GW of Offshore Wind

Nov 07, 2018

Poland has announced ambitious plans to develop 8 GW of offshore wind by 2035 and the country is working on laws that could support this project. Image: @WindEurope Polish State Secretary…

Wintershall Noordzee Makes Maersk Drilling Preferred Contractor

Nov 07, 2018

Denmark-based drilling rig operator  Maersk Drilling and oil and gas company Wintershall Noordzee B.V. have extended their previous cooperation in a new agreement which gives Maersk Drilling the status of preferred contractor to Wintershall Noordzee B…

UK Hydrographic Office Wins National STEM Inspiration Award

Nov 07, 2018

The UK Hydrographic Office (UKHO) has been awarded Highly Commended at the STEM Inspiration Awards, in recognition of their outstanding commitment to encouraging young people into science, technology, engineering and mathematics careers. STEM…

BHP Wins Licences for Offshore Orphan Basin in Eastern Canada

Nov 07, 2018

The Anglo-Australian multinational giant BHP said it was awarded a full participating interest in and operatorship of two exploration licenses for two blocks in the offshore Orphan Basin in eastern Canada by the Canada Newfoundland and Labrador Offshore Petroleum Board…

Ashtead Inks Rental Deal with Oceaneering

Nov 07, 2018

Independent provider of subsea equipment rental, sales and services to the offshore industry Ashtead Technology Limited announced Wednesday that it has secured a global master lease agreement with a wholly-owned subsidiary of global oilfield services provider…

Petrobras Increasing Research Investments

Nov 07, 2018

As Brazilian national operator Petrobras and major international oil companies (IOC) target decreasing exploration and production (E&P) costs, especially at deepwater pre-salt plays in Brazil, increased investment will be funneled to research…

Ocean Infinity Orders Five HUGIN AUVs

Nov 07, 2018

Hydrographic and geophysical survey company Ocean Infinity has placed three separate orders for a total of five Kongsberg Maritime HUGIN autonomous underwater vehicle (AUV) Systems, increasing its inventory to 15. HUGIN…

GOIL to Partner in Exxon Deepwater Field

Nov 07, 2018

Ghana has approved state-owned company GOIL as minority local partner for Exxon Mobil's deepwater offshore oilfield, Energy Minister Peter Amewu said on Wednesday. © natanaelginting / Adobe Stock The…

N-Sea Expands Its Middle East Capabilities

Nov 07, 2018

Inspection, maintenance and repair (IMR) subsea services provider N-Sea said it has reinforced its commitment to the Middle East with expanded its service capabilities in the region. (Photo: N-Sea) N-Sea…

Gabon launches offshore exploration round

Nov 07, 2018

Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…

Wind Blowing for Offshore Energy in Ireland

Nov 06, 2018

Ireland is the only country in the EU with a significant Atlantic coastline that is not currently developing offshore wind resources. Image: KPMG Up to  1000MW of offshore wind resource…

Madagascar Opens Fresh Offshore Licensing Round

Nov 06, 2018

Island nation Madagascar puts 44 blocks  in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts. Image: Office of National Mines and Strategic…

Höegh LNG's Höegh Esperanza FSRU Arrives at Tianjing, China

Nov 06, 2018

Höegh Esperanza, the Floating Storage Regasification Unit (FSRU) unit operated by Norway’s Höegh LNG Holdings, has arrived at the Tianjin LNG terminal in China and started commissioning for FSRU operations. Pic…

Wintershall Extends PSV Charter

Nov 06, 2018

Norwegian shipowner Golden Energy Offshore Services AS (GEOS) said on Tuesday it has secured a contract extension with Wintershall Norge AS for the large platform supply vessel (PSV) Energy Swan. © Per Atle Bjelland / MarineTraffic…

Jumbo Wins Leviathan Work

Nov 06, 2018

Dutch offshore services provider Jumbo said it has been awarded a contract for the transportation and installation of a 410-ton subsea production manifold for the Leviathan development off the coast of Israel. (Photo: Jumbo) Technip…

Lukoil and Eni Sign Agreement on Mexico Projects

Nov 06, 2018

Russian oil producer Lukoil has signed a farm-out agreement with Italy's Eni on blocks 10, 12 and 14 in the Mexico's shallow waters. Eni headquarters in Rome (Photo: Eni) Lukoil will…

Fred. Olsen Energy Proposes to Issue New Equity in Restructuring

Nov 06, 2018

Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday. Photo: Fred…

Siemens Gamesa Turbine Sales Rise

Nov 06, 2018

Siemens Gamesa sold more turbines in the fourth quarter and said sales would rise by at least 10 percent next year, setting a high bar for main rival Vestas who is due to report quarterly results on Wednesday.Strong demand in the United States…

Next-Gen Autonomous Survey Vessels

Nov 06, 2018

Fugro has signed a joint development agreement with autonomous vessel technology firm L3 ASV to create the next generation of autonomous vessels for the commercial survey market. Photo: Fugro The…

NKT Confirms Moray East Offshore Contract

Nov 06, 2018

Global energy sector supplier NKT has confirmed turnkey order for Moray East offshore wind farm project. Image: Moray Offshore Renewable Power 'NKT has signed a Preferred Bidder Agreement…

Deutsche Windtechnik Goes to Taiwan with Yunlin Deal

Nov 06, 2018

German wind turbine servicing company Deutsche Windtechnik AG said  it is creating a subsidiary in Taiwan where the company will service Wpd’s 640-MW Yunlin offshore wind farm upon completion. Image…

Golar FSRU Golar Freeze Lined Up for Jamaican Project

Nov 06, 2018

Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth quarter of 2018. Golar Freeze. Photo: Emerson 'FSRU…

Serica Energy to Buy BHP Stake in North Sea Fields

Nov 06, 2018

North Sea operator Serica Energy has struck a deal with commodities giant BHP Billiton to up its stakes in two North Sea fields, taking it above 90 per cent ownership of the assets. Image: Serica Energy…

Uptime International Bags Contracts for Gangway Supply

Nov 05, 2018

Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore. Island Clipper. Photo: Island Offshore 'Island Clipper has secured…

GC Rieber Bags 4-month Charter for Polar Queen

Nov 05, 2018

Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV  Polar Queen for a fixed period of four months with options to extend by up to one month. Polar Queen…

Turkey Says Other Countries Cannot Drill In Its Waters

Nov 05, 2018

Turkey will not allow the exploitation of gas reserves in Turkish and north Cypriot waters of the eastern Mediterranean, President Tayyip Erdogan said on Sunday. President Tayyip Erdogan deliveres a…

NKT to Supply Cables for Johan Sverdrup 2

Nov 05, 2018

Denmark-based cable supplier NKT said it has received a letter of award from Norway's Equinor to supply and install a cable system of 200 kilometers of 80 kV high-voltage DC offshore power cables for the second phase of the Johan Sverdrup oil field development project in the Norwegian North Sea…

Timas Suplindo Charters Telford Construction Vessel

Nov 05, 2018

Dubai-headquartered offshore services provider Telford Offshore said it has been awarded a charter party from Indonesian contractor Timas Suplindo for its DP3 multipurpose accommodation and offshore construction vessel Telford 25. Telford…

Kreuz Glorious Mobilized for ONGC Project

Nov 05, 2018

Singapore-headquartered subsea services business Kreuz Subsea and Indian consortium partner Seamec Ltd completed the mobilization of the Kreuz Glorious vessel to commence a two-year project with India’s Oil & Natural Gas Corporation (ONGC). (Photo…

Danos Wins Shell Contract

Nov 05, 2018

Oilfield services provider Danos announced Monday that Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, has awarded a contract to for the coatings maintenance campaign for the Ursa tension leg platform (TLP).…

Seabed 2030 Meeting Held in Stockholm

Nov 05, 2018

The first regional mapping meeting for The Nippon Foundation-GEBCO Seabed 2030 Project has been held in Stockholm, covering the Arctic, Antarctic and North Pacific regions. The meeting, held last month, brought together ocean mapping experts…

Rowan Renaissance Wins Total Contract

Nov 05, 2018

Rowan Companies plc announced Monday that its R-Class ultra-deepwater drillship Rowan Renaissance has been awarded a contract in Mexico by Total with a firm term of one well with an estimated duration of 60 days. The agreement includes three…

Siemens Gamesa Bags Orders for 176.8MW Wind Projects in India

Nov 04, 2018

Siemens Gamesa (SGRE), a renewable energy project developer and an Engineering Procurement Construction (EPC) provider, has won turnkey contract from renewable energy project developer ReNew Power for the development of two wind projects aggregating 176…

Australia’s Oil and Gas Industry Calls for Competitive Tax Regime

Nov 04, 2018

Changes to the petroleum resource rent tax (PRRT) announced today by the Commonwealth must be assessed carefully by Australia’s oil and gas industry, said the Australian Petroleum Production & Exploration Association (APPEA). Image…

ADES Acquires 12 Rigs From Weatherford In Kuwait

Nov 04, 2018

Drilling company Ades International Holding has bought 12 onshore rigs from Weatherford in Kuwait for $ 123 million. Image: Weatherford The oil & gas drilling and production services…

Fitch Warns: Shippers' Costs and Capex may Increase

Nov 04, 2018

More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies' operating costs and capex needs, says Fitch Ratings in a new report. Image: Port of Hamburg 'This…

Sixth Anchor Handler Delivered to CBO

Nov 02, 2018

Brazilian shipping company Grupo CBO has taken delivery of the final vessel in a series of six Brazilian-built anchor-handlers. CBO Terra Brasilis (Photo: Grupo CBO) The half dozen anchor…

Halfwave Wins Pipeline Inspection Work

Nov 02, 2018

Halfwave said it has has been awarded two new in-line inspection (ILI) contracts by Woodside in Australia. The awards have been made as part of a Master Services Agreement (MSA). Woodside will deploy…

WindFloat Chosen for Kincardine Wind Farm

Nov 02, 2018

First power from the floating wind farm project offshore Kincardineshire, Scotland began flowing in September, clearing the way for the full 50 MW build-out of the project by 2020, Kincardine Offshore Windfarm Ltd. (KOWL) confirmed. (File…

Orsted's Offshore Wind Power Profits Breeze Ahead

Nov 02, 2018

Danish wind power giant Orsted sees surge in earnings from offshore wind, driving interim profits up 14 percent and earnings up 32 percent  for the first nine months of 2018. Image: Orsted The world’s largest wind farm operator…

3T Energy Group Buys Offshore Training Firm Survivex

Nov 02, 2018

Technology and training organization 3T Energy Group has acquired Aberdeen-based Survivex, an offshore oil and gas training specialist. Image: Survivex Global technology and training…

Teekay Offshore Settles Dispute with Petrobras

Nov 02, 2018

Bermuda-based marine services company Teekay Offshore Partners announced that certain of its subsidiaries have entered into a settlement agreement with Petrobras with respect to various disputes relating to the previously-terminated charter…

Australia Awards Seven New Offshore Permits

Nov 02, 2018

The future of oil and gas exploration in Australia looks bright after new offshore petroleum exploration permits were awarded by the Government that could see more than $530 million invested over the next six years. Map…

Halliburton Releases Intelligent Drill Bit

Nov 02, 2018

Halliburton Company has released Cerebro in-bit sensor package, a new technology that obtains performance data directly from the drill bit and analyzes it to optimize cutter engagement, reduce uncertainty and increase drilling efficiency. Image…

Olis Robotics Hires Levedahl

Nov 01, 2018

Remote robotics software developer Olis Robotics announed it has hired of Dr. Blaine Levedahl to lead the company's U.S. Government programs. Dr. Blaine Levedahl (Photo: Olis Robotics) Don Pickering…

Subsea 7 Awarded Additional Work in US Gulf

Nov 01, 2018

Subsea 7 has been awarded a second construction contract for the Vito development located approximately 150 miles south of New Orleans in the U.S. Gulf of Mexico, with water depths up to 4,000 feet. (Photo…

DNO Beats Forecasts with Q3 Operating Profit

Nov 01, 2018

Norwegian oil firm DNO said on Thursday third-quarter earnings beat forecasts, helped by higher oil prices and rising output in the Kurdistan region of northern Iraq.The region's largest international oil producer posted a third-quarter operating profit of $71 million…

Orsted Lifts 2018 Outlook

Nov 01, 2018

Danish energy group Orsted posted third-quarter profit well above analyst expectations on Thursday and lifted its outlook for the year, in part thanks to the contribution from new offshore wind projects. (Photo…

'World First' Autonomous Offshore Robot

Nov 01, 2018

Equipped with a customized sensorhead, a four-legged robotic platform ANYmal autonomously performed various inspection tasks of the platform in a one-week pilot installation, making it the world’s first autonomous offshore robot. Photo…

MHI Vestas Signs Tower Contract, Expands in Taiwan

Nov 01, 2018

MHI Vestas Offshore Wind, a  joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, signed a conditional contract  with CS Wind/Chin Fong the local manufacture of towers, as wind industry veteran takes the reins at newly formed entity in Taipei…

Tidal Developer Collaboration to Tackle Foundation Mooring

Nov 01, 2018

CorPower and Sustainable Marine Energy join forces for a wave and tidal developer collaboration to develop and demonstrate generic foundation mooring solution to reduce cost and improve O&M methods. SME…

Kvaerner Wins USD 107 mln Johan Sverdrup Work

Nov 01, 2018

Norway's Kvaerner announced that it has signed a contract worth approximately $107 million (NOK 900 million) with Equinor for the delivery of a steel substructure for the Johan Sverdrup Phase 2 process platform. The Johan Sverdrup field in the North Sea…

Australia: Triangle Energy Joins Key Petroleum in Mt Horner Oilfield

Nov 01, 2018

Australian oil and gas production and exploration company Triangle Energy (TEG) has entered a farmout deal with fellow oil junior Key Petroleum to acquire a 50% stake in the Mt Horner oilfield in Western Australia’s Perth Basin. Image…

Blue-Gift to Implement Marine Power Project

Nov 01, 2018

The European Marine Energy Center (Emec) in Orkney, Scotland, will lead a project to support the development of wave and tidal power in coastal areas of north-west Europe. Wave Energy Converter at PLOCAN…

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