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Lundin Norway hires COSLInnovator

Jul 11, 2017

COSL Drilling Europe has been able to rescue to of its rigs from warm stacking this month. The company announced a new contract from Lundin Norway for the use of the COSLInnovator to drill one well, with the addition of an option of eight wells…

Cairn completes FAN South-1, moves to next SNE probe

Jul 11, 2017

Cairn Energy is to plug and abandon its FAN South-1 well in the South Fan prospect offshore Senegal, and move to its next drilling target in the region, the SNE North, or Sirius, prospect. FAN South-1 was drilled in ~2175m water depth…

Bourbon joins race to build autonomous supply vessel

Jul 11, 2017

French offshore industry vessel operator Bourbon has agreed a memorandum of understanding (MOU) with Automated Ships Limited (ASL) to support the building of the world’s first autonomous, fully-automated and cost-efficient prototype vessel for offshore operations…

Increase in FIDs offer signs of recovery

Jul 11, 2017

The number of upstream projects reaching final investment decision (FID) in 2017 could double to 25 compared to only 12 last year, according to a report by Wood Mackenzie. In the first half of the year, the industry has already seen 15 project sanctions…

Rystad: Trinidad production to increase in 2019

Jul 10, 2017

New gas discoveries and increased sanctioning activity is expected to break the downward production trend in Trinidad, according to Rystad Energy. Last month on 2 June 2017, BP Trinidad & Tobago (BPTT) announced two new gas discoveries…

US lowers shallow water royalty rates

Jul 10, 2017

Upon completing the analysis of royalty rates for offshore oil and gas leases, the US Bureau of Ocean Energy Management (BOEM) has decided to lower royalty rates for the Gulf of Mexico Lease Sale 249. BOEM has set the royalty rate at 12…

Statoil to drill at Koigen Central in Barents

Jul 10, 2017

Noway’s Petroleum Safety Authority (PSA) has approved for Statoil to drill exploration well 7317/9-1 in the Barents Sea. The wildcat is in a prospect named Koigen Central, in production license 718, in which Statoil is the operator. Drilling will begin in August 2017 at the earliest…

Enra inks Petronas Yetagun deal off Myanmar

Jul 10, 2017

Petronas has given Enra a letter of award to provide condensate storing and offloading services for the Yetagun gas field, off Myanmar. The deal is between Petronas subsidiary PC Myanmar (Hong Kong) Ltd. (PCML), and Enra’s 60%-owned subsidiary…

JDR opens Newcastle service center

Jul 10, 2017

JDR has officially opened its European service center in Newcastle upon Tyne, UK, to deliver greater service value for clients and facilitate continued growth.  The opening was marked by an official ceremony on Friday (7 July) led by Nick Brown…

Statoil's Flemish Pass campaign disappoints

Jul 10, 2017

Statoil and partner Husky Energy have failed to discover hydrocarbons in the Flemish Pass Basin, offshore Newfoundland, the Norwegian giant announced today (10 July). The West Aquarius. Image from Seadrill…

Jurong, NADL further delay West Rigel delivery

Jul 10, 2017

Singaporean shipbuilder Jurong Shipyard has further extended its standstill agreement with North Atlantic Drilling Ltd. (NADL), which will delay the delivery of the West Rigel semisubmersible drilling rig for the fifth time. The Sembcorp…

VIDEO: 10,000-tonne Mariner topside lift

Jul 10, 2017

The first of eight topside modules, which will make up Statoil's Mariner platform, have been installed offshore Shetland in the UK North Sea. The 10,000-tonne Mariner A utility module was lifted into place by the Saipem 7000 as planned…

Nexans inks BP frame agreement

Jul 10, 2017

French cable firm Nexans has signed a five-year global framework agreement with BP covering the engineering, procurement and construction of umbilical and direct electrical heating (DEH) systems and ancillary equipment. The agreement also covers the provision of aftermarket services…

2017 hardest for OSV firms

Jul 10, 2017

As oil continues to sell below US$50/bbl, 2017 could be one of the toughest years in decades for offshore supply vessel (OSV) companies, according to a study of 44 companies in the industry by AlixPartners. The firm’s analysis highlights these companies’ rising debt burdens…

Nova inks EU tidal energy funding

Jul 10, 2017

Scotland-based tidal energy firm Nova Innovation has won a major new European tidal energy project, heading a consortium of nine leading industrial, academic and research organizations from across Europe. The Enabling Future Arrays in…

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