OE Daily: 2015 / February

 

Allseas grabs Johan Sverdrup gig

Feb 27, 2015

Dutch contractor Allseas last night (26 February) signed a contract with Norway's Statoil for the installation of three platforms on the giant Johan Sverdrup development in single lifts using the newly renamed mega-vessel Pioneering Spirit…

Statoil submits Peregrino II plan

Feb 27, 2015

Statoil and its Peregrino field partner Sinochem submitted its US$3.5 billion development plan for the Peregrino Phase II project to Brazilian regulator, the National Agency of Petroleum, Natural Gas and Biofuels, at the end of January, the Norwegian explorer announced on 27 February…

Intecsea to FEED Buckskin/Moccasin

Feb 26, 2015

Chevron awarded INTECSEA a contract to provide engineering and long-lead procurement services for the front-end engineering & design (FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico. Map provided by Chevron…

Rig operators look for silver lining

Feb 26, 2015

Offshore drilling rig operators have put a positive spin on the tough market conditions, suggesting that the downturn could improve the global fleet and offer opportunities to buy distressed assets.  Seadrill CEO and President Per Wullf said while…

UKCS stewardship under the spotlight

Feb 26, 2015

The UK’s new offshore oil and gas regulator is to require the top 20 North Sea operators by volume to present stewardship plans by April, as part of a string of actions to turnaround the industry published yesterday (25 February).  Stewardship…

Santos, INPEX gain off Western Australia

Feb 25, 2015

Santos and INPEX were awarded two exploration permits offshore Western Australia. Image from INPEX.   Blocks WA-513-P and WA-514-P are located about 500km north-northeast of Broome and cover areas of 335sq km and 415sq km…

McDermott-Petrofac ink SURF alliance

Feb 25, 2015

Oil and gas services provider Petrofac has agreed to form a strategic marketing alliance with McDermott International in the deepwater, subsea umbilicals, risers and flowlines (SURF) sector. Under a Memorandum of Understanding (MoU), the two will form a five-year alliance…

Odfjell sinks but inks Johan Sverdrup contract

Feb 25, 2015

Norwegian drilling contractor Odfjell Drilling has sunk into the red and suspended 2014 dividents after taking a major write-down on its Deep Sea Metro assets.  The firm's US$27 million loss comes despite the firm today (25 February) also announcing a large contract win on the giant $15…

Aibel snatches Johan Sverdrup contract

Feb 24, 2015

Statoil and its Johan Sverdrup partners awarded Aibel a US$1 billion contract for the engineering, procurement and construction for the deck of the drilling platform on the Johan Sverdrup field.  Johan Sverdrup field…

Oseberg opens up opportunities

Feb 23, 2015

Statoil is eying further opportunities in the Oseberg area after bringing its tenth fast-track portfolio project, the 77 MMboe recoverable Oseberg Delta 2, onstream. Oseberg Delta 2 is a two-template, 14km-long subsea tieback from the Delta terrace to the Oseberg Field Centre…

Noble suspends Israel investments, expansion

Feb 20, 2015

Noble Energy is suspending any further investments in the expansion of Tamar, and initial development of Leviathan until regulatory issues are resolved with Israel. Image of the Tamar field. From Delek…

US issues proposal on Arctic drilling regulations

Feb 20, 2015

The US Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM) released proposed regulations for exploratory drilling activities on the US Arctic Outer Continental Shelf (OCS) concerning  exploratory…

Man overboard at Barents Sea's Goliat

Feb 20, 2015

The Petroleum Safety Authority Norway is investigating a man-overboard incident from the Scarabeo 8 ultra deepwater semisubmersible on the Eni-operated Goliat field in the Barents Sea. Image from Saipem…

Petronas takes over Celtic Sea block

Feb 20, 2015

Petronas' bid to farm in to a Celtic Sea block offshore south east Ireland has been approaved by the Irish Government - the firm is now firming-up drilling plans. Through its 100%-owned subsidiary Kinsale Energy, the Malaysian firm will…

Low oil prices could persist into 2017

Feb 19, 2015

Centrica has cut its exploration and budget 40% saying that it thinks oil prices will remain low for the rest of 2015 and potentially also into 2016 and 2017.  The comments, made by the firm's CEO Iain Conn, echo BP CEO Bob Dudley's…

PSA investigates Gudrun leak

Feb 19, 2015

Norway's Petroleum Safety Authority has launched an investigation into a hydrocarbon leak on Statoil's high-pressure, high-temperature Gudrun field in the Norwegian sector of the North Sea which happened yesterday (18 February). Production…

Repsol taking Talisman

Feb 18, 2015

Talisman Energy shareholders approved Spain’s Repsol to take over the Canadian company for an estimated US$8.3 billion. Image from Repsol.   In an overwhelming vote of more than 99%…

Technip predicts prolonged, harsh slowdown

Feb 18, 2015

Technip CEO and chairman Thierry Pilenko says the headwinds facing the industry, both before and following the oil price collapse imply a 'prolonged, harsh slowdown' in many parts of the oil and gas industry.  Pilenko, outlining the firm's 2014 results…

MEO eyes Beehive drilling

Feb 18, 2015

MEO Australia is eying drilling on its Beehive oil prospect after an international exploration company executed an option which will allow it to farm-in to any of MEO Australia's WA-488-P, AC/P50 and AC/P51 permits off northwestern Australia…

Consent awarded for world's largest wind farm

Feb 18, 2015

Consent has been awarded for what will be the largest offshore wind farm in the world, offshore the UK. The Dogger Bank Creyke Beck development, to be operated by the Forewind consortium, is to be created out of two wind 1.2GW farms, each with 200 wind turbines…

PEMEX slashes budget by 11.5%

Feb 17, 2015

Mexican state oil company, Petróleos Mexicanos (PEMEX) is being forced to decrease its budget by US$4 billion, representing an 11.5% decrease from last year, in order to maintain financial balance due to falling oil prices. Image of Lozoya…

Wood Group weathers oil storm

Feb 17, 2015

'Through-cycle' UK-based oilfield engineering and services firm Wood Group has weathered the oil price down-turn with an increase in revenues and profits in 2014. But, the firm said it would continue to take action to increase efficiencies…

Lundin spuds at Gemini

Feb 16, 2015

Lundin Petroleum began drilling the 16/1-24 exploration well at the Gemini prospect, just southwest of the Edvard Grieg field. The Island Innovator, from Island Drilling.   The well is located in Block 16/1…

Transocean CEO steps down

Feb 16, 2015

Transocean last night said its CEO and president of nearly five years Steven Newman is to stand down today (16 February). Newman. From Transocean's Beacon Mag.   The international rig owner and operator…

BP denied US$700 million Transocean claim

Feb 13, 2015

Another ruling came down from the Texas Supreme Court involving BP’s Macondo accident. This time, the courts ruled that BP couldn’t claim the estimated US$700 million in insurance carried by Transocean at the time of the spill in 2010. Deepwater…

PetroRio discloses Shell price tag

Feb 13, 2015

The PetroRio acquisition of Shell’s 80% stake in the Bijupirá and Salema fields, and the Fluminense FPSO cost the company US$150 million. PetroRio acquiring the Fluminense FPSO in Shell deal. Image from Modec…

Johan Sverdrup plan submitted

Feb 13, 2015

Statoil and its partners have submitted their development plan for the largest oil field on the Norwegian Continental Shelf (NCS) since the 1980s – a project tipped to have “ripple effects” through the whole Norwegian economy for years to come…

Six dead, three missing after explosion

Feb 11, 2015

Update: 17 February 2015 - BW Offshore has confirmed that the death toll has now risen to six after an explosion on the the company's Cidade São Mateus FPSO offshore Brazil.  The body of one of the previously four missing Brazilian…

Karoon hopping with Kangaroo-2

Feb 11, 2015

Karoon Gas Australia’s Kangaroo-2 confirmed more pay at the second sidetrack well in the shallow offshore waters of Brazil. Map of the Santos basin. From Karoon.   Kangaroo-2 is located in exploration Block S-M-1165 in the Santos basin…

VAALCO continues at Etame

Feb 11, 2015

VAALCO Energy began first production from the Etame 10-H well, part of its six-well development drilling campaign on the Etame Marin block, offshore Gabon.  SEENT platform installation. From VAALCO.   Etame…

"Don't waste a good crisis"

Feb 11, 2015

Subsea industry leaders were told not to 'waste a good crisis' today (February 11), with simplified engineering, a calibration of costs and better collaboration key focus areas. A sense of urgency is needed to re-baseline costs, which should have been addressed already years ago…

Sechin: Oil markets are in acute crisis

Feb 10, 2015

Rosneft CEO Igor Sechin addressed the International Petroleum (IP) Week forum in London, stating that the oil markets are in a fairly acute crisis. Image from Rosneft.   “In the second half of 2014 there was a drop in oil prices…

Goliat en-route to Barents Sea

Feb 10, 2015

Eni's Goliat cyclindrical floating production, storage and offloading (FPSO) platform, built in South Korea and now destined for the Barents Sea, has finally been loaded ready for transport to Norway. The 107m-diameter Goliat platform…

MEO gives up Blackwood stake

Feb 09, 2015

MEO Australia is withdrawing from the Blackwood discovery and transferring it to Eni Australia, who will now own 100% stake. Blackwood, Heron map. From MEO.   Blackwood is located in NT/P68…

Oseberg going unmanned

Feb 09, 2015

Statoil is considering using an unmanned wellhead platform - instead of a subsea development - for a planned extension of the Oseberg field development. Illustration of unmanned wellhead platform. From Statoil…

Allseas renames Pieter Schelte

Feb 09, 2015

Dutch contractor Allseas has bowed to pressure to rename its platform installation/decommissioning and pipelay mega-vessel Pieter Schelte. The vessel's new name will be Pioneering Spirit. The €2.4billion vessel, capable of lifting topsides weighing 48…

Providence lines up Barryroe partner

Feb 09, 2015

Providence Resources has reached agreement with a proposed farm-in on its Barryroe asset, in the Celtic Sea offshore Ireland. But, further details are not being released due to the deal relying on the farm-in partner needing to secure finance…

Krafla resources rise to 140-250 MMboe

Feb 09, 2015

Statoil and its partners have increased recoverable resource estimates for the Krafla area in the mature Norwegian northern North Sea basin to 140-250 MMboe after a two-well campaign in the area.  According to Statoil, the latest appraisal well on the Krafla Main Tarbert discovery…

Petrobras names Aldemir Bendine CEO

Feb 06, 2015

Petrobras officially named Aldemir Bendine, current CEO of Brazilian bank Banco do Brasil, the successor to its outgoing CEO Maria das Gracas Silva Foster, the Brazilian operator announced on 6 February 2015. Earlier this week, Gracas…

Saipem gets US$1.8 billion Kashagan gig

Feb 06, 2015

The North Caspian Operating Co. (NCOC) awarded Saipem a US$1.8 billion engineering and construction contract to build two pipelines for the Kashagan field project, offshore Kazakhstan. Image from NCOC…

Lundin makes Norwegian gas discovery

Feb 06, 2015

Lundin Petroleum has made a gas discovery on the Zulu well, close to the giant Johan Sverdrup discovery, offshore Norway. Wildcat well 26/10-1, which is the first well in production license 74BS, hit an estimated 36m gas column in very good reservoir quality Utsira Formation sands…

BOEM plans new GOM lease sale

Feb 05, 2015

The US Department of the Interior and the Bureau of Ocean Energy Management (BOEM) will offer 41.2 million acres for oil and gas exploration and development in the Gulf of Mexico under lease sale 235, which will be held on 18 March 2015 in New Orleans…

Weatherford latest to announce cuts

Feb 05, 2015

US oilfield services giant Weatherford has joined its big three competitors in announcing a headcount reduction amounting to thousands as the industry faces cut backs into 2015. Weatherford says it is targeting a 5000 cut in staff, more than 85% of which will be in the Western Hemisphere…

First oil flows from Nasr field

Feb 05, 2015

First oil from the Nasr oil field, 130km offshore Abu Dhabi, started 24 January, according to partner, Japan's INPEX.  First production has been achieved through existing facilities - the Abu Al Bukoosh (ABK) and Umm Shaif oil fields…

Petrobras CEO, directors resign

Feb 05, 2015

Petrobras CEO Maria das Gracas Foster and five directors stepped down from their posts on Wednesday (4 February) following months of scandals. Gracas Foster has been at the helm of the national operator since 2012, and spent over 30 years with Petrobras…

Chevron acquires African stake

Feb 04, 2015

Chevron’s subsidiary Chevron Mauritania Exploration acquired a 30% non-operated working interest from Kosmos Energy in three blocks offshore Mauritania, Africa. Map from Kosmos.   Blocks C8…

Development drilling starts on Ichthys

Feb 04, 2015

Development drilling has started on the INPEX-operated Ichthys gas-condensate field, part of the Ichthys LNG Project about 200km offshore Western Australian. The first of about 20 horizontal production wells to be drilled was spudded 3 February…

Sætre takes Statoil reins

Feb 04, 2015

Statoil's newly appointed CEO and president Eldar Sætre says Statoil is 'well prepared' to tackle the large uncertainty facing the oil and gas industry, amid five-year low oil prices. Sætre (pictured), who has been acting CEO and president of Statoil since October…

Shell sets out Brent decommissioning

Feb 03, 2015

Shell is to start a 30-day public consultation on the decommissioning process of the Brent field in the North Sea, beginning mid-February. Brent field. From Shell.   The decommissioning program will begin with the Brent Delta platform…

CNOOC begins Jinzhou 9-3

Feb 03, 2015

CNOOC began production at its 100% owned and operated Jinzhou 9-3, offshore China. Image from CNOOC.   The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai in 6.5-10…

Caribbean FLNG delayed

Feb 03, 2015

Belgium’s Exmar announced in its quarterly report that operator Pacific Rubiales Energy will delay start-up for the Caribbean FLNG project offshore Colombia, which was to be the first operational FLNG facility. Exmar said that Pacific…

Inefficient producers will be driven out

Feb 02, 2015

Kuwait Petroleum Corp.'s (KPC) CEO today said the company would be increasing output, a move he says will put pressure on deepwater projects as well as the likes of onshore oil sands and expensive unconventional projects. Nizar Al-Adsani said the market…

North Sea confidence plummets

Feb 02, 2015

Oil and gas industry sentiment in the UK plunged dramatically in Q4 2014, according to the results of a survey published today. Oil & Gas UK’s Business Sentiment Survey says optimism in the oil and gas industry fell 16 points to -23 points on a -50/+50 scale…

Eirik Raude readies for Falklands campaign

Feb 02, 2015

The latest drilling campaign offshore the Falkland Islands is expected to start next month, partner Falkland Oil and Gas (FOGL) said this morning. Announcing that the rig for the campaign, Ocean Rig's Eirik Raude drilling rig has started mobilization from West Africa…

Current News

Timor Resource to Drill 5 Wells in Timor-Leste

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

Senvion to Sell Assets to Siemens Gamesa

Senvion to Sell Assets to Siemens Gamesa

Oil Price Spike after Saudi Attack Temporary

Oil Price Spike after Saudi Attack Temporary

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week