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Marginal Fields, Global Opportunity

Dec 25, 2019

Unlocking marginal fields in the UK North Sea has led to a project comparing a global database of fields, discoveries and prospects, to clarify strategy for license holders and the supply chain alike in petroleum basins.In 2015, a project was…

Seabed Study Precedes Planned Licensing Round in Nigeria

Dec 25, 2019

As Nigeria looks ahead to a possible oil licensing round in mid-2020, the plan has received a major boost with the launch of the West Africa country’s first ever regional multi-client Multibeam and Seafloor Sampling Study (MB&SS).The data gathering…

Woodside Finalizes Gas Deal with Uniper

Dec 24, 2019

Oil and gas producer Woodside Petroleum Ltd said on Tuesday it has signed an agreement to supply liquefied natural gas (LNG) to German utility Uniper SE for 13 years starting 2021.Under the agreement, Woodside said it would initially supply up to 0…

Equinor Re-ups Magseis Fairfield Contract

Dec 24, 2019

Magseis Fairfield announced Norwegian energy company Equinor had awarded four-year renewal for its reservoir monitoring program for the Snorre and Grane fields in the Norwegian North Sea.The containerized permanent reservoir monitoring (PRM) system…

Israel Opposes Turkey-Libya Maritime Border Accord

Dec 24, 2019

Israel opposes an accord signed last month between Libya and Turkey mapping out maritime boundaries in the eastern Mediterranean, but the deal was unlikely to lead to a conflict with Turkey, Israel's foreign minister said on Monday.The deal…

Understanding Market Needs Can Shape Control Valve Design

Dec 24, 2019

When it comes to smooth, safe drilling, you’d be hard-pressed to argue that the blowout preventer (BOP) stack isn’t the key to the whole operation. A series of mechanisms to regulate pressure levels in a well and prevent blowouts, which could potentially endanger personnel and the environment…

Saipem Charters Norce Endeavour

Dec 23, 2019

Saipem Portugal Commercio Maritimo Limitada, the Portuguese subsidiary of the Italian oilfield services provider Saipem, has signed a deal with Solstad Offshore to hire DLB Norce Endeavour lay pipe barge, with an option to buy.Under the agreement…

Total Extends Havila PSV Contract

Dec 23, 2019

Denmark's petroleum giant Total E&P Danmark has extended the charter contract for the platform supply vessel (PSV) Havila Herøy for a period of 9 months with 3 optional periods each of one month.The Norwegian provider of supply services to offshore…

Kitron Wins OWF Orders

Dec 23, 2019

Norwegian electronic manufacturing services (EMS) supplier Kitron has received orders with a value of more than NOK 75 million for the development of test systems and production of electronics modules that are part of control systems for High…

EGCO Joins Yunlin Project

Dec 23, 2019

Thailand-based Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan.The electric utility holding company…

Equinor Receives Permit to drill Norwegian Sea

Dec 23, 2019

Equinor has secured approval from the Norwegian Petroleum Directorate (NPD) to begin drilling the well 66046604/5-2 S, which is located in the Norwegian Sea.A press note from NPD said that the well 30/6-31 S will be drilled from the West Hercules…

Wintershall Dea Norge Wins Norway Permit

Dec 23, 2019

The Norwegian Petroleum Directorate (NPD) has granted Wintershall Dea Norge, a Norwegian unit of the German oil company Wintershall Dea, a drilling permit for well 66046604/5-2 S, which is located in the Norwegian Sea.According to NPD, the well…

CSEIP Buys 25% Stake in Arkona OWF

Dec 23, 2019

Credit Suisse Energy Infrastructure Partners (CSEIP) acquired 25% stake in the Arkona offshore wind farm (OWF) from Norwegian energy company Equinor.Watson Farley & Williams (WFW) has advised CSEIP on the EUR 340 million financing of the acquisition…

An Unconventional Cement Packer Repair

Dec 23, 2019

CannSeal unlocks development of an additional reservoir by restoring integrity to an unconventional cement packer designAnnular isolation technology specialist CannSeal aided the successful repair of an unconventional cement packer design, 4 ½” in 9 5/8” with limited cement…

OSVs: Rising Tide Won't Lift All Boats

Dec 23, 2019

The offshore supply vessel (OSV) industry has emerged from its 2017 trough, thanks in large part to a slight shrinkage of the active fleet, a string of debt restructurings, improved cost management, and an uptick in drilling activity in a few regions…

Current News

Venterra Company, CAPE Holland, Awarded Contract for Fengmiao Offshore Wind Farm

Venterra Company, CAPE Holland

Bae Systems Launches Incubator Program to Propel Technologies Beyond Defense

Bae Systems Launches Incubator

DOF Group ASA Contract Award for Well Intervention Services in North America

DOF Group ASA Contract Award f

Jacket Loadout Milestone Completed for BorWin6 Offshore HVDC Platform

Jacket Loadout Milestone Compl

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