OE Daily: 2019 / April

 

Gambia Inks Oil Exploration Deal with BP

Apr 30, 2019

BP has signed a deal to explore for oil and gas off Gambia's coast in a potential economic boon for the tiny West African country, although another producer says it owns the rights to the same licence. ©…

Overcoming Local Crew Challenges

Apr 30, 2019

Dubai headquartered offshore support vessel (OSV) company Topaz Energy & Marine provides marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf…

Olis Robotics Hires Boyer as CCO

Apr 30, 2019

Olis Robotics, a Seattle based developer of next-generation remote robotics software, said it has hired Tom Boyer as the Chief Commercial Officer to spearhead new business development across core verticals, including offshore energy. Boyer…

Repsol, LLOG Partner in the Gulf of Mexico

Apr 30, 2019

Repsol and LLOG partner to accelerate U.S. Gulf of Mexico deepwater projectsRepsol and LLOG have today signed an Asset Exchange and Joint Participation Agreement to carry out projects together in several blocks in the deepwater Gulf of Mexico…

Rig Mobilized to Drill Dorado-2

Apr 30, 2019

The jack-up drilling rig Noble Tom Prosser is close to being on location to drill the Dorado-2 well offshore Australia, Carnarvon Petroleum announced this week. Noble Tom Prosser (Photo: Noble Corporation) The…

ABS Unveils 'Smart Guide'

Apr 30, 2019

A new guide published by ABS aims support the development of smart functions and condition-based approach to optimized performance that will help marine and offshore owners and operators capitalize on their operational data. (Image…

Pemex Swings to Q1 Loss

Apr 30, 2019

Petroleos Mexicanos swung to a 35.7 billion peso ($1.84 billion) net loss during the first quarter as revenues and crude output at the heavily-indebted Mexican state oil company fell, results posted to the stock exchange showed on Tuesday. (Photo…

Warren Buffett Backs Oxy's Anadarko Bid

Apr 30, 2019

Warren Buffett's Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp's $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp. (Photo…

Allan Joins Marine Technical Limits

Apr 30, 2019

Floating production, storage and offloading unit (FPSO) and marine integrity management specialists Marine Technical Limits (MTL) said on Tuesday it has welcomed a senior naval architect to its team. Paul Allan (Photo: MTL) Paul Allan…

New Subsea Landing String Control System

Apr 30, 2019

Interventek Subsea Engineering said it is developing a control system for a new subsea in-riser landing string that is designed to reduce size, weight, complexity and cost. Graeme Dorrance, Senior Controls Engineer (L) with Gavin Cowie…

FSRUs, Floating Power Figure in Gas Markets Revival

Apr 30, 2019

With oil prices pushing toward USD 80 dollar on geo-political strife, there’s the expectation of a concurrent rise in world gas prices and regional liquefied natural gas (LNG) projects, judging by some frenetic dealmaking of late. The…

McDermott to Build Amoca Platform

Apr 30, 2019

McDermott International on Tuesday said it has been awarded a contract by Eni for engineering, procurement and construction (EPC) of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 30 kilometers offshore Dos Bocas in southeast Mexico…

Repsol's Q1 Net Profit Rises

Apr 30, 2019

Spanish oil and gas firm Repsol said on Tuesday first quarter adjusted net profit rose 6 percent from a year earlier, as a fall in oil and gas prices and a halt to production in Libya were offset by lower costs and a stronger U.S. dollar. (Photo…

Higher Output Cushions BP's Profit Fall

Apr 30, 2019

BP's first quarter profits fell by nearly a third but beat forecasts as lower oil and gas prices and weaker refining margins were partly offset by higher production and stronger trading. (Photo: BP) The…

US Still Processing Atlantic Seismic Permits

Apr 30, 2019

The U.S. Interior Department is still processing permit applications for companies to conduct seismic testing in the Atlantic - a precursor to drilling - despite shelving its plan to vastly expand offshore drilling, a spokeswoman said on Monday…

Ørsted to Build Two Wind Farms Off Taiwan

Apr 30, 2019

The world’s largest developer of offshore wind farms Ørsted announced Tuesday it will proceed with building two wind farms offshore Taiwan as the country continues its push to attract investment in renewables. (Photo…

A Sliding Scale of Residency

Apr 30, 2019

Seabed deployed remotely operated underwater vehicles (ROV) are already here. Since early last year, IKM Subsea has been operating its Merlin UCV R-ROV (resident ROV) from a cage placed beneath Norwegian operator Equinor’s Snorre B production facility offshore Norway…

Aker Solutions Raises 2019 Forecasts

Apr 30, 2019

Norway's Aker Solutions ASA raised its 2019 revenue outlook on expected higher spending on the offshore oil services and reported better than expected first-quarter profits, lifting its shares on Tuesday. (Photo…

Activists End Occupation of Arctic Drill Rig

Apr 30, 2019

Greenpeace activists climbed down from a Seadrill drilling rig in Norway on Tuesday and are no longer occupying it, the environmental group told Reuters. (Photo: Greenpeace) The rig, which was boarded by four activists on Monday…

Baker Hughes Profits from Foreign Focus

Apr 30, 2019

Baker Hughes reported negative free cash flow for the first quarter at a time energy investors have been pushing companies to aggressively shore up capital for dividends and buybacks, sending its shares down as much as 8.5 percent. ©…

Rhenus Commences Borssele Alpha Supply

Apr 30, 2019

Rhenus Offshore Logistics has completed its first supply trip to the 700MW Borssele Alpha offshore platform  in the Dutch North Sea. Image: Rhenus Group Rhenus has taken over the complete supply logistics for its customer…

Scotland to Launch Offshore Wind Project in October

Apr 30, 2019

Scotland’s new leasing round for offshore wind projects is likely to fully launch in October 2019, Crown Estate Scotland, the public body responsible for leasing Scotland’s seabed, has announced. It will be at that point that applications for developments can start to be received…

Worley Wins Rhode Island OWF Contract

Apr 30, 2019

Denmark's offshore wind giant Ørsted has awarded WorleyParsons a core role in its Revolution Wind project, which will see the design and installation of a 700-megawatt offshore wind farm, located 15 kilometers south of the Rhode Island coast…

Noreco Acquires Shell Danish North Sea Assets

Apr 30, 2019

Danish Energy Agency (DEA) has granted its approval to Norwegian Energy Company (Noreco) for the acquisition of Shell’s Danish upstream assets. Image: Noreco Noreco is now one step closer…

65,000 Wells will be Drilled in 2019

Apr 30, 2019

Rystad Energy forecasts that the number of onshore and offshore oil and gas wells drilled globally will increase to around 65,000 in 2019. Graph: Rystad Energy Activity levels are then projected to remain around this level through 2023…

Aker Completes Appraisal Drilling off Ghana

Apr 29, 2019

The offshore oil and gas operator Aker Energy Ghana, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announces that is has concluded its appraisal drilling campaign offshore Ghana. Pic…

OKEA Bags Drilling Contract for Deepsea Nordkapp

Apr 29, 2019

Norwegian oil and gas company OKEA has secured the Odfjell Drilling-owned semi-submersible rig Deepsea Nordkapp to drill for upside opportunities within and surrounding the Draugen field offshore Norway. Pic…

Pacific Drilling Goes Digital with Oceaneering

Apr 29, 2019

An industry-first partnership aims to enable better, more reliable connectivity on board offshore drilling rigs, marking a key step for the implementation of new and expanded digital services. (File…

Interview: Allen Leatt, CEO, IMCA

Apr 29, 2019

The mission of the International Marine Contractors Association (IMCA) is 'to improve performance in the marine contracting industry', and that’s precisely what Allen Leatt has set out to do since taking over as the trade association’s chief executive in 2015…

Boskalis to Install Cables for Hornsea 2

Apr 29, 2019

Royal Boskalis Westminster N.V. (Boskalis) said it has been awarded a €100 million ($111.6 million) contract from Ørsted to install three export cable circuits for the Hornsea 2 offshore wind farm. (Photo…

McDermott Wraps Up Ichthys LNG Campaign

Apr 29, 2019

McDermott International announced Monday it has completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia. (Photo: McDermott International) This…

Transport & Installation: Fleet Renewal

Apr 29, 2019

It’s been a tough market for heavy lift vessel operators – but that’s not stopping them renewing and reinventing their fleets. Pioneering Spirit installs the processing platform topside for Equinor’s…

Delek Bid for Chevron's North Sea Fields

Apr 29, 2019

Israel's Delek Group confirmed on Sunday it submitted a proposal through its Ithaca unit to buy Chevron's oil and gas fields in the British North Sea. (File photo: Chevron) Last week…

Activists Board Arctic Drilling Rig

Apr 29, 2019

Greenpeace activists on Monday climbed aboard a Seadrill drilling rig commissioned by Equinor in protest against oil and gas drilling in the Norwegian Arctic, the group told Reuters. West Hercules (Photo…

Ichthys Ramps Up Output

Apr 29, 2019

A tanker carrying liquefied natural gas (LNG) has been floating off Australian waters for nearly two weeks as production at Ichthys project ramps up, industry sources told Reuters. (File photo: INPEX) The…

Anadarko to Resume Talks with Occidental

Apr 29, 2019

Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid, putting pressure on Chevron Corp to raise its $33 billion offer for the oil and gas producer. (Photo…

Taiwan Offshore Wind Market to Reach 5.5 GW by 2025

Apr 29, 2019

With significant growth in recent years, Taiwan’s offshore wind market is expected to continue to continually grow, with a goal of achieving 5.5 GW of installed capacity by 2025, said Global Wind Energy Council (GWEC). Image…

Van Oord Completes Belgium’s Largest Offshore Wind Farm

Apr 29, 2019

Dutch maritime contracting company Royal Van Oord successfully  installed the last of the in total 44 wind turbines of the Norther offshore wind farm. Offshore installation vessel Aeolus. Photo: Van…

DEME, Equinor Pact for Hywind Tampen Study

Apr 29, 2019

Dredging, environmental and marine engineering group DEME has signed an agreement with Norwegian energy company Equinor to study floating concrete substructures for the groundbreaking Hywind Tampen floating wind farm. Image…

Alewijnse Marine Bags Windcat Order

Apr 29, 2019

The marine technology player Alewijnse Marine has extended its successful partnership with Dutch shipyard Dok and Scheepsbouw Woudsend and offshore services provider Windcat Workboats with an order for the full electrical outfitting of the offshore crew transfer vessels (CTVs) Windcat 45 and 46…

Chevron, Anadarko Launch Integration Planning

Apr 26, 2019

Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan. (Photo…

Chevron Profit Falls 27%

Apr 26, 2019

Chevron Corp's first-quarter profit fell 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but topped forecasts and signaled it is committed to buying smaller rival Anadarko Petroleum Corp…

Exxon Eyes Brazil Transfer-of-rights Area

Apr 26, 2019

ExxonMobil Corp is studying a possible purchase of production rights in Brazil's so-called transfer-of-rights area - one of the world’s most promising offshore oil areas - although no decision has yet been made on the matter, an executive said on Friday…

Total Profits Take a Hit

Apr 26, 2019

French energy major Total said its net profit for the first three months of the year fell 4 percent to $2.8 billion compared with a year ago due to volatile oil prices and debt costs, despite record oil and gas output. (Photo…

ExxonMobil Misses Q1 Profit Estimates

Apr 26, 2019

Exxon Mobil Corp on Friday reported a 49 percent fall in first-quarter profit that missed forecasts due to weakness across its major businesses that showed the turnaround at the company remains a work in progress. ©…

New Jackup Delivered to EnscoRowan

Apr 26, 2019

Singapore-based rig builder Keppel FELS announced Friday it has delivered a new jackup rig to EnscoRowan. The US based driller, the product of a recent merger between Ensco and Rowan, has a contract to deploy the rig in the UK North Sea. ENSCO…

TechnipFMC: New Orders Signal Return to Growth

Apr 26, 2019

Oil services company TechnipFMC's saw a slump in revenue and net income in the first quarter, missing expectations but said it had returned to growth as it booked $6.2 billion in orders, the highest since the last quarter of 2014. TechnipFMC…

Aker BP's Q1 Operating Profit Lags

Apr 26, 2019

Norway's Aker BP, an oil firm partly owned by BP, posted on Friday a bigger than expected fall in operating earnings in first quarter, after impairments in the Ula area of the North Sea and higher exploration costs. (Photo…

Aker BP Names Sandvik as SVP Projects

Apr 26, 2019

Knut Sandvik will join Aker BP in the role as SVP Projects. He will be a part of the Executive Management Team and will report to CEO Karl Johnny Hersvik.Sandvik has worked for Aker Solutions for more than 30 years, joining what was then Norwegian Contractors as a field engineer in 1987…

Husky Energy Beats Profit Estimate

Apr 26, 2019

Canada's Husky Energy Inc beat analysts' estimates for quarterly profit on Friday, as it benefited from improved Canadian crude prices following Alberta's output cuts and investment in a number of refineries and pipelines boosted its margins per barrel…

Pumping Tech a Piece of the Subsea Factory Puzzle

Apr 26, 2019

It’s been long thought the “subsea factory” could reduce capex costs, but many topsides pieces of equipment must first be marinized to make that vision a reality. Oceaneering’s Subsea Pumping Technology (SPT), which recently won OTC's Spotlight on New Technology Award…

Sete Brasil Finally Ready for Driller Auction

Apr 26, 2019

In late January 2019 Sete Brasil launched a public announcement for the sale of the drillships Arpoador and Guarapari and the semi-submersibles Urca and Frade. However, the auction ended up being postponed. All four are being built locally at the Jurong and Brasfels shipyards…

Europe Leads in Ocean Energy

Apr 26, 2019

European tidal stream installations reached 26.8MW, and wave energy installations 11.3MW in 2018, according to yearly statistics published by Ocean Energy Europe. Image: Ocean Energy Europe Europe…

Maersk Supply Wins FPSO Mooring Project

Apr 26, 2019

Offshore support vessel operator Maersk Supply Service announced that it has been awarded a major FPSO mooring project for a U.S. oil major in the Gulf of Guinea. Image:Maersk Supply Service The…

Anadarko Quarterly Profit Slides 7.2%

Apr 25, 2019

Anadarko Petroleum Corp,which is the target of a bidding war between Occidental Petroleum Corp and Chevron Corp, reported a 7.2 percent fall in adjusted quarterly profit on Thursday, as it sold oil at lower prices. (Photo…

Case Study: iEPCI at Karish

Apr 25, 2019

An integrated approach to subsea services is the driving force behind a major project being performed by UK-based TechnipFMC at the deepwater Karish field, offshore Israel, in the Mediterranean Sea. The…

Keppel Wins Lingshui 17-2 Engineering Work

Apr 25, 2019

Keppel FloaTEC secured an engineering services contract from China’s Offshore Oil Engineering Company (COOEC), the main engineering, procurement, construction and installation (EPCI) contractor for the Lingshui 17-2 production semisubmersible to be built at COOEC's Qingdao facility in China…

Subsea Monitoring Equipment Put to the Test

Apr 25, 2019

Equipment that will be used to monitor the interaction between tidal turbines and marine mammals in the Pentland Firth has been put to the test in Aberdeen. Balmoral’s senior test technician, Mike Royl…

Trump Administration Sidelines Offshore Drilling Plan

Apr 25, 2019

The Trump administration will hold off on issuing its plan to expand offshore drilling as it weighs what to do after a March court ruling that blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt told The Wall Street Journal…

Maersk Wins FPSO Mooring Work

Apr 25, 2019

Maersk Supply Service said it has been selected to deliver an integrated floating production storage and offloading (FPSO) mooring installation and replacement solution for an American oil major in the Gulf of Guinea. The offshore services company…

Petrobras to Record $326 Mln Writedown Due to Rig Dispute

Apr 25, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA will record a 1.3 billion-real ($326 million) provision in its first-quarter results due to an ongoing dispute with a bankrupt rig lessor, it said on Thursday. ©…

Sparrows Group Bags UKCS Contract Renewals

Apr 25, 2019

Sparrows Group reports it has secured North Sea contract renewals worth an estimated £30 million ($38.6 million) in revenue in the first quarter of 2019. (Photo: Sparrows Group) The renewed…

Tullow Oil Cuts Output Guidance

Apr 25, 2019

Tullow Oil downgraded its 2019 output guidance to 90,000-98,000 barrels of oil per day (bpd) due to problems at its Ghana fields and sees final go-aheads for its Uganda in the second half while its Kenya project timeline was 'ambitious'. (Photo…

EU: New Rules Apply to Nord Stream 2

Apr 25, 2019

The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules. ©…

Gulf of Mexico Output Lifts Hess Profits

Apr 25, 2019

Hess Corp reported a surprise profit on Thursday, supported by higher production at the U.S. oil and gas producer's oilfields in the Bakken shale and Gulf of Mexico regions. (Photo: Hess Corp) The…

Political Risks Mar Africa's Offshore Grand March

Apr 25, 2019

Political instability, insecurity and marine boundary disputes pose some of the major challenges constraining progress of Africa's upstream offshore oil and gas exploration ambitions at a time when the continent expected to ramp up production from its deep and ultra deepwater investments…

Drilling Down Deep

Apr 25, 2019

Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan. Pacific Drilling’s Sharav drillship (Photo: Chevron) Deepwater exploration is starting to get serious…

TÜV SÜD Certifies ELISA Floating Foundation

Apr 25, 2019

TUV SUD, the provider of inspection and product certification services, has allocated a certificate to Esteyco for the floating foundation used for the 5MW Elisa self-installing telescopic offshore wind turbine in Spain. The Elican Project…

KCA Deutag Wins CNOOC's North Sea Drilling Job

Apr 25, 2019

Aberdeen-headquartered drilling and engineering contractor KCA Deutag confirmed Wednesday that it has been awarded an extension to its existing contract with CNOOC for the Scott platform, which it operates in the UK North Sea. Image…

Bumi Armada Refinances Debts, Plans Vessels Sale

Apr 25, 2019

Malaysia's offshore energy vessels and services provider Bumi Armada has refinanced US$660m of its short-term debts to improve its balance sheet and is looking to sell some vessels. Image: Bumi Armada Berhad In a statement today…

Simon Mokster Bags Equinor Contract

Apr 25, 2019

Norwegian offshore support vessels provider Simon Møkster Shipping said that it has has signed a contract with the compatriot oil and gas company Equinor for a platform supply vessel (PSV) Stril Pioner. Image…

S.D. Standard Drilling Acquires PSV

Apr 25, 2019

S.D. Standard Drilling (SDSD), a player in offshore supply and offshore drilling sector, is acquiring the Havyard 832 platform supply vessel (PSV) vessel Olympus through a wholly owned subsidiary Wanax AS. Image…

KCA Deutag Wins North Sea Work from CNOOC

Apr 24, 2019

KCA Deutag confirmed Wednesday that it has been awarded an extension to its existing contract with CNOOC for the Scott platform, which it operates in the UK North Sea.The contract extension, which is for the provision of drilling operations and maintenance services…

ExxonMobil Adds Acreage Offshore Namibia

Apr 24, 2019

ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday. ©…

Drydocks World

Apr 24, 2019

Drydocks World completes 5th project for the Arabian Gulf oil and gas fieldsServices firm Drydocks World said it has completed the 5th Wellhead Platform AQAM for TechnipFMC and end-client Dubai Petroleum. The…

Three IMR Trends

Apr 24, 2019

For years, “maintenance and modifications” were catchwords for nearly everything that wasn’t greenfield activity offshore. Two economic slowdowns later, subsea “M&M” might be seen as inspection, maintenance and repair (IMR), a segment that includes light well intervention…

Op/Ed: A Transformed Landscape for Service Providers

Apr 24, 2019

There is a quiet but confident sense of growing optimism about prospects for the oil and gas market. The industry is now a far cry from 2015’s oil price crash that led to widespread decommissioning and lay-offs. Whilst operators are still facing volatile markets…

Delek Nearing Deal for Chevron's North Sea Fields

Apr 24, 2019

Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters. (Photo: Chevron) Delek…

Ashtead Acquires Aqua-Tech Solutions

Apr 24, 2019

Ashtead Technology announced Wednesday it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions. A diamond wire saw, one of the new assets in Ashtead…

Shell Makes Deepwater Find in US GoM

Apr 24, 2019

Shell announced Wednesday it has made a significant discovery at the deepwater Blacktip prospect in the Alaminos Canyon Block 380 in the U.S. Gulf of Mexico. (Photo: Shell) The discovery is located in approximately 1…

Magnetic Drive Tech Overcomes Issues with ESPs

Apr 24, 2019

Upwing Energy, a technology firm in California, has developed a Magnetic Drive System (MDS) that aims to transform the century-old topology for electric submersible pumps (ESP). Upwing Energy’s Magnetic Drive System…

Shell in Talks to Buy BP's Shearwater Stake

Apr 24, 2019

Royal Dutch Shell is in talks to buy BP's stake in the Shearwater oil and gas field in the British North Sea for around $250 million, three industry sources told Reuters. (Photo: Shell) Shell…

Eni Q1 Profit Misses Forecast

Apr 24, 2019

Italian energy group Eni stuck to its production growth targets for the year on Wednesday, as it reported profits for the first quarter coming in below market expectations. (Photo: Eni) Adjusted…

Occidental Tops Chevron's Bid for Anadarko

Apr 24, 2019

Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp. (Photo…

US Outlook: Offshore Wind on the Agenda

Apr 24, 2019

While the only commercially operating wind farm offshore the US is off the country’s tiniest state – Rhode Island – many of the larger and more populous states, particularly in the Northeast, are committed to power generated by offshore wind farms…

E.ON, Kyuden Mirai to Develop Offshore Wind in Japan

Apr 24, 2019

Germany-headquartered energy company E.ON and Japanese renewable energy company Kyuden Mirai Energy signed a cooperation agreement to jointly develop offshore wind projects in Japan. Image: E.ON A…

Petrobras Awards Five-Year Deal to OOS

Apr 24, 2019

Dutch offshore services provider OOS International and Chinese yard CIMC Raffles announced in a joint press release that they have been awarded a 5-year contract for the flotel OOS Tiradentes by Petrobras. Image: OOS International…

EMGS Wins Survey Contract

Apr 24, 2019

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) is participating in a sole-sourced tender process for a multi-year acquisition contract. Atlantic Guardian. Image: North…

Archer Wins Contract from Chevron

Apr 23, 2019

Archer announced Tuesday it has been awarded a contract to provide platform drilling services for Chevron in the UK sector of the North Sea. Captain (Photo: Chevron) Under the deal, Archer…

Drilling Rig Runs Thrusters from Batteries

Apr 23, 2019

Energy Storage Systems (ESS) that transfer power to the thrusters of Transocean’s Spitsbergen drilling vessel have been successfully installed and tested, marking the first time thrusters have been run directly from batteries on a drilling vessel…

In Norway, a Jobs Heyday

Apr 23, 2019

It’s official. The North Sea rim is hiring again — in numbers. In vogue again: offshore workers handle a module (Photo: Equinor) The independents, the supermajors, Oslo’s national oil…

Danos Hires Rousse in VP Role

Apr 23, 2019

Oilfield services company Danos said it has named Daryl Rousse as vice president of production services. Daryl Rousse (Photo: Danos) The announcement follows Danos’ recent acquisition of Shamrock Energy Solutions…

Teledyne Introduces New ADCP

Apr 23, 2019

Building upon the 20-year success of its Long Ranger Acoustic Doppler Current Profiler (ADCP), Teledyne RD Instruments (TRDI) announces the launch of its next-generation long-range ADCP, the Pinnacle 45. (Image…

Petrobras Halts P-25 Platform Due to Pipeline Leak

Apr 23, 2019

Brazil's state-run oil producer Petroleo Brasileiro SA said on Monday it had halted production at its P-25 platform in the Albacora offshore field, after detecting a leak in a pipeline.The leak was detected on Monday around dawn and had spilled 941 liters…

Murphy Oil to Buy LLOG's GoM Assets

Apr 23, 2019

Oil and gas producer Murphy Oil Corp said on Tuesday it would buy Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for at least $1.38 billion in cash in a move to strengthen its position in the region that saw record production last year…

TechnipFMC Scores ConocoPhillips Contract

Apr 23, 2019

TechnipFMC said it has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters…

Offshore Wind Developers Invests in Rhode Island

Apr 23, 2019

Orsted U.S. Offshore Wind and Eversource pledged $4.5 million Monday to talent and workforce development in Rhode Island based on the Revolution Wind project. Image: Orsted Governor Gina M…

Oceaneering Takes Delivery of CSV

Apr 23, 2019

Oceaneering International, a subsea engineering and applied technology company based in Houston, Texas, announce that it has taken delivery of the advanced subsea construction support vessel, Ocean Evolution.   Ocean Evolution…

Saipem Settles South Stream Dispute

Apr 23, 2019

South Stream Transport, which is responsible for the construction and operation of the TurkStream Offshore Pipeline, and the Italian oil and gas industry contractor Saipem have settled the arbitration concerning the South Stream offshore pipeline installation contract entered into on March 14…

Samsung Wins $963mln FPSO Contract

Apr 23, 2019

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit on the condition that the client receives approval from its partner and government…

Velesto Bags Petronas Drilling Job

Apr 23, 2019

Malaysia's Velesto Drilling, a subsidiary of  Velesto Energy, has been awarded four contracts worth a total of RM432.33mln (US$104.68 million) from Petronas Carigali Sdn Bhd for the provision of jack-up drilling rig services. Image…

US Outlook: Deepwater Production Rising

Apr 22, 2019

Currently one in every five barrels produced in the United States comes from the Gulf of Mexico (GoM), and 88% of that output flows from reservoirs in water depths greater than 500 feet. BSEE Houma district…

Oil Hits 2019 High

Apr 22, 2019

Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports. ©…

Google Translate for Oil Wells

Apr 22, 2019

A startup is looking to harness the world of artificial intelligence to help oil companies do more with the data, as well as the oil, they get from their wells. Distributed acoustic sensing data recorded over four minutes…

Halliburton Sees Offshore Spending Surge

Apr 22, 2019

Oilfield service provider Halliburton Co said on Monday it expects international offshore spending to rise 14 percent in 2019, double the estimates given by sector leader Schlumberger NV for international markets overall. ©…

Eni to Operate Block A Off Ras Al Khaimah

Apr 22, 2019

Eni has signed an exploration and production sharing agreement with the emirate of Ras Al Khaimah, the Italian oil company's latest expansion in the Middle East. (File photo: Eni) The agreement covers Block A offshore Ras Al Khaimah…

Sonangol Plans to Downsize

Apr 22, 2019

Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganization and package of reforms designed to lure back investors, its chairman said on Friday. ©…

Halliburton Reports Activity Uptick

Apr 22, 2019

Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported modestly higher activity levels in North America in the first quarter from a year earlier. (Photo…

Shelf Drilling Accelerates Its Digital Transformation

Apr 22, 2019

LiveRoute, a part of MDS Computers Group and a leading Cloud Solutions Provider in the Middle East, has enabled Shelf Drilling, the world’s largest contractor of jack-up rigs based in Dubai, to digitally transform its operations and embark on a Cloud journey…

Black & Veatch Proceeds with FLNG Conversion

Apr 22, 2019

Black & Veatch, the provider of floating liquefied natural gas (FLNG) topside solutions, announced that it has received a full notice to proceed from Grand Tortue Ahmeyim (GTA) project for operator BP. Image…

BP Invests $6 Bln in Offshore Azerbaijan Project

Apr 22, 2019

The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oil-field complex offshore Azerbaijan. Image: BP The…

GDI in Drilling Services Contract with NOC

Apr 22, 2019

Gulf Drilling International (GDI) has signed a three-year contract with North Oil Company (NOC) to provide drilling services through the drilling rig Dukhan for NOC’s extensive development programmes in Al Shaheen oil field. Image…

BSOG Gets Approval in Offshore Romania

Apr 22, 2019

Romanian-based Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group, said that it received approval from the Romanian government for the field development plan (FDP) for the Ana and Doina gas fields. Image…

Petrobras Extends BassDrill Beta Contract

Apr 22, 2019

Atlantica Tender Drilling, a provider of management and contract drilling services for oil and gas wells for the offshore tender assist market worldwide, announced that Petrobras has extended the rig BassDrill Beta by 180 days. BassDrill Beta…

Petrobras Confirms Reserves at Moita Bonita

Apr 22, 2019

Brazilian oil and gas giant Petrobras has confirmed the extension of gas and oil accumulation in the Moita Bonita area, in deep waters in the Sergipe Basin offshore Brazil. Graph: Petrobras A…

BP Terminates Seadrill Semisub Contract

Apr 22, 2019

UK-based offshore deepwater drilling company Seadrill Partners said that it has received early termination notice from BP for the semisubmersible West Capricorn about three months ahead of schedule. West Capricorn…

Eni Wins Offshore Ras Al Khaimah Block

Apr 19, 2019

Italian oil and gas company Eni has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, UAE, as well as the relevant joint operating agreement. Image: Eni The…

ExxonMobil Makes 13th Discovery Offshore Guyana

Apr 19, 2019

American multinational oil and gas corporation ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. Image: ExxonMobil The…

Europe Invests $30bln in Wind in 2018

Apr 19, 2019

Europe invested a total of EUR27bn (USD 30.34bln) in new wind farms in 2018, allowing it finance a record amount of new wind energy capacity, according to European trade body WindEurope. Image: WindEurope Europe invested EUR 10…

Voser Steps in as Interim CEO at ABB

Apr 18, 2019

ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation. Peter…

Vattenfall Taps Seaway 7 for HKZ Installs

Apr 18, 2019

Swedish power company Vattenfall has tapped Seaway 7 for installation work at the Hollandse Kust Zuid (HKZ) 1 & 2 offshore wind farm development offshore the Netherlands. (Photo: Subsea 7) Seaway 7…

Woodside Q1 Revenue Rises 4%

Apr 18, 2019

Australia's Woodside Petroleum Ltd on Thursday posted a 4 percent rise in first-quarter revenue on higher realized prices for its oil and gas. (Photo: Woodside Petroleum) Revenue rose to $1…

Saipem Seeks Drilling Partners

Apr 18, 2019

Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's chief executive said on Thursday. (File photo; Saipem) Saipem…

Schlumberger Quarterly Profit Slides

Apr 18, 2019

Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from oil producers under pressure to rein in spending. File…

Talakar Named CEO of Siemens Oil & Gas

Apr 18, 2019

Arja Talakar has been appointed CEO of Siemens Oil & Gas, effective April 1, 2019. He will be based in Houston. Arja Talakar (Photo: Siemens) Talakar brings to this position extensive leadership experience…

Chrysaor to Buy ConocoPhillips’ UK Assets

Apr 18, 2019

Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday. Judy in the J-Area (Photo: ConocoPhillips) Full…

Keppel to Add 1,800 Offshore, Marine Staff

Apr 18, 2019

Singapore conglomerate Keppel Corp is planning to add 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015. Keppel…

Sudan Coup Puts Oil Plans in Disarray

Apr 18, 2019

The collapse of the regime of former Sudanese President Omar al-Bashir is likely to jolt the country's oil sector and could leave in disarray earlier approved plans to open up the country's offshore blocks in the Red Sea basin for exploration…

First Integrated Solutions Wins Spirit Energy Contract

Apr 18, 2019

First Integrated Solutions secures significant contract awardFirst Integrated Solutions, a leading provider of equipment rental and lifting and inspection services to the Oil and Gas sector, has been awarded a contract for the provision of rental…

DPU Approves Vineyard Wind Contracts

Apr 18, 2019

The Massachusetts Department of Public Utilities (DPU) has approved long-term contracts for 800MW of offshore wind between Vineyard Wind and the Commonwealth’s electric distribution companies. Vineyard Wind offshore wind farm…

Wintershall Wins Argentina Offshore Bid

Apr 18, 2019

Germany's largest crude oil and natural gas producer Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round. Photo…

Ocean Infinity Names Paul Helmore as CCO

Apr 18, 2019

American seabed exploration company Ocean Infinity has announced the appointment of Paul Helmore as Chief Commercial Officer (CCO). Image: Ocean Infinity Paul has spent his career to date in business development roles…

DNV GL Certifies Arkona Offshore Wind Farm

Apr 17, 2019

Norwegian testing and advisory company DNV GL said it awarded the Arkona Offshore Wind Farm with the project certificate. Pic: DNV GL The certification was carried out according to the…

Successful Zama Appraisal and Production Test

Apr 17, 2019

Talos Energy said it has completed a successful Zama appraisal well and production test in Block 7, located in the offshore portion of Mexico's Sureste Basin. (Photo: Talos Energy) Talos is the operator of the bock…

MMA Offshore Wins Woodside Gig

Apr 17, 2019

MMA Offshore said on Wednesday it has been awarded a contract by Woodside to provide accommodation and walk-to-work vessel services to support platform maintenance operations on Woodside’s Australian assets over two scopes scheduled to commence in April 2019…

Carter Named Costain Upstream Project Director

Apr 17, 2019

Engineering firm Costain has appointed Steve Carter as a project director to join its 70-strong upstream team in Aberdeen. Sean Close (left) with Steve Carter (Photo: Costain) Carter will be based at Costain’s offices in Carden Place…

Santos Posts Record Production in Q1

Apr 17, 2019

Australia's No.2 independent gas producer Santos Ltd on Wednesday posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, while sales revenue jumped 28 percent. Santos…

Keppel Wins Drilling Rig, FPSO Work

Apr 17, 2019

Singapore based Keppel Offshore & Marine announced Wednesday it has won two contracts: one from Diamond Offshore for the upgrade of the drilling semisubmersible rig Ocean Onyx, and the other from an unnamed operator for fabrication and integration…

CMHI Gets AIP for Two Offshore Designs

Apr 17, 2019

China Merchants Heavy Industry (CMHI) has received Approval in Principle (AiP) certificates from classification society DNV GL for two new offshore units: an arctic single column drilling unit and a wind turbine shuttle. Presentation…

Hurricane Spuds Warwick Deep

Apr 17, 2019

UK based oil and gas company Hurricane Energy announced on Wednesday it has spudded its first well at Warwick Deep, west of Shetland. Transocean Leader (Photo: Hurricane Energy) The 205/26b…

Halliburton Wins Shell Drilling Contract Offshore Brazil

Apr 17, 2019

Services company Halliburton announced Wednesday it has secured an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in the Campos and Santos Basins offshore Brazil. File…

More Must Be Done to Tackle Well Losses

Apr 17, 2019

North Sea oil and gas operators are failing to make the most from their existing well stocks, with some 30% (600) shut-in and 33 million barrels of oil equivalent (boe) lost due to well losses – the equivalent of a new west of Shetland field…

Equinor Scores Acreage Offshore Argentina

Apr 17, 2019

Equinor said it has added seven offshore exploration blocks to its portfolio, after presenting winning bids in the first open bid round for Argentinean offshore acreage in more than 20 years. The licensing round offered a total of 38 blocks…

Tennet Relocates Submarine Cable from Borssele

Apr 17, 2019

The transmission system operator Tennet has moved the first submarine cable from the Dutch wind farm zone 'Borssele' to the transformer station. Image: TenneT Holding B.V. 'TenneT has…

385-MW German Offshore Wind Farm Opened

Apr 17, 2019

Germany has inaugurated its biggest wind farm in the Baltic Sea between Germany's Isle of Rügen and the Danish island of Bornholm. Chair of the Equinor board, Jon Erik Reinhardsen (left), Norwegian petroleum…

ExxonMobil Wins 3 Blocks Off Argentina

Apr 17, 2019

U.S. oil major Exxon Mobil Corp said  that its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. Image: ExxonMobil ExxonMobil has increased…

NPD Grants Aker BP a Drilling Permit

Apr 17, 2019

The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for well 25/11-29 S in production licence PL 916. Deepsea Stavanger. Image: Aker BP ASA The well will be drilled…

JAPEX Begins Drilling at Offshore Hokkaido

Apr 17, 2019

Japanese hydrocarbon exploration, production and transportation company, Japan Petroleum Exploration Co., Ltd. (JAPEX) has started the exploratory drilling at offshore Hidaka area of Hokkaido. Image of the sea drilling rig 'ENSCO 8504' using the project…

Floatel Gets Martin Linge Extension

Apr 17, 2019

Swedish contractor Floatel International has received a new extension from Equinor for its accommodation unit Floatel Superior at the Martin Linge Field Development in Norway’s North Sea. Floatel Superior…

Songa Bulk Merge with Axxis Geo Solutions

Apr 16, 2019

Norway-based Songa Bulk AS, an investment vehicle established to invest in dry bulk assets, has made an agreement to merge with company Axxis Geo Solutions (AGS). Pic: Axxis Geo Solutions Per deal…

Turan Tallies $500 Mln Contract from BP

Apr 16, 2019

Turan Drilling & Engineering announced Tuesday it has been awarded a $500 million contract from BP for work offshore Azerbaijan. The Deepwater Gunashli platform in the Caspian Sea, offshore Azerbaijan…

Newpark Debuts New Stimulation & Completion Fluids

Apr 16, 2019

Newpark to Showcase Stimulation and Completion Fluids at OTCNew service capabilities and deepwater technologies help customers outperform expectationsNewpark Fluids Systems will introduce its expanded portfolio of stimulation and completion…

Interview: Astrid Skarheim Onsum, SVP, Head of Wind, Aker Solutions

Apr 16, 2019

Offshore renewable energy is gaining investment support in the United States, particularly on the east coast. While the U.S. is a full generation behind its European counterparts in tapping the wind as an energy source, if current plans come to fruition it could gain ground quickly…

Qatar Petroleum Wins Exploration Rights Off Argentina

Apr 16, 2019

Qatar Petroleum has won exploration rights in five offshore blocks in Argentina as part of two consortia, the company said in a statement on its website. The consortium for three blocks…

Two Join Deep Down Board

Apr 16, 2019

Houston based deepwater oil and gas production and distribution equipment and services company Deep Down announced on Tuesday that it has appointed to experienced small cap investors to its board of directors.David J. Douglas and Neal I. Goldman fill two recent vacancies on the board…

DNV GL Extends Contract for Dana Petroleum

Apr 16, 2019

DNV GL has secured a three-year contract across the Dana Petroleum operated assets on the United Kingdom Continental Shelf (UKCS). Western Isles FPSO (Photo: DNV GL) DNV GL has worked…

Santos Finds Gas Off Western Australia

Apr 16, 2019

Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore Western Australia. (Image: Santos) Corvus-2 is located in 63 meters water depth…

Huisman to Provide Crane to Jan De Nul

Apr 16, 2019

Dutch equipment manufacturer Huisman has won the contract to design, construct and deliver “the biggest leg encircling crane ever installed on a wind turbine installation vessel” for Jan de Nul’s new offshore wind installation vessel Voltaire…

India, Denmark Forge Offshore Wind Alliance

Apr 16, 2019

India’s Union Cabinet has given its approval for a cooperation agreement between India and Denmark on strategic sector cooperation in the field of renewable energy with a focus on offshore wind. Indian…

Vattenfall Picks Siemens Turbines for Dutch Offshore

Apr 16, 2019

Spanish wind turbine giant Siemens Gamesa Renewable Energy (SGRE)  and Vattenfall are collaborating to realize the supply of wind turbines at these offshore wind power plants being developed in Dutch waters. Image…

Equinor Gets Drilling Permit

Apr 16, 2019

The Norwegian Petroleum Directorate (NPD) has granted the Norwegian energy giant Equinor a drilling permit for offshore wells 6507/3-13 and 6507/3-13 A in the Norwegian Sea. Image: Transocean Wells…

Electronic Bus Link Installed on North Sea Giant

Apr 15, 2019

An Electronic Bus Link (EBL) has been commissioned on North Sea Shipping's subsea construction vessel North Sea Giant, said manufacturer from Yaskawa Environmental Energy / The Switch. (Image: Yaskawa…

SubseaPartner Wins Work at Goliat

Apr 15, 2019

Norwegian services company SubseaPartner said it has secured a contract from Vår Energi, to provide dive support at its operated Goliat field in the Barents Sea. Goliat FPSO (Photo: Vår Energi) The…

Saving Older Rigs a Sign of Hotter Markets

Apr 15, 2019

Rising oil prices are proving the fountain of youth for aging rig fleets, and the resultant surge in rig relevance is stirring financiers to find new ways of hanging on to rig revenues. The 1970s-built…

Energean Reports Discovery at Karish North

Apr 15, 2019

Mediterranean focused Energean Oil and Gas announced Monday it has made a 'significant gas discovery' at the Karish North exploration well, offshore Israel. (Photo: Stena Drilling) Preliminary…

New Subsea Wireless IP Camera Technology

Apr 15, 2019

Next generation subsea technology deployed for the first time in the North Sea has helped to improve safety and reduce costcfor an offshore oil and gas project, said Scotland based WFS Technologies. (Image…

Penman to Head up Malin React

Apr 15, 2019

Newly launched Malin Group arm Malin React has appointed Graham Penman as a Business Unit Manager to head up its operation. Graham Penman (Photo: Malin Group) Penman has been appointed to oversee Malin React…

Black Sea MGD Project Gets Government Nod

Apr 15, 2019

Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group LP, announced it has received Romanian government approval from the Romanian Government through the National Agency for Mineral Resources (NAMR) for its plan to develop…

MHWirth Bags Keppel FELS Contract

Apr 15, 2019

MHWirth, a company owned by Akastor, has signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid-water semi-submersible drilling rig. Image: MHWirth  This…

Major Growth for Tendeka North Sea Projects

Apr 15, 2019

The oil and gas service company in the completion sector Tendeka reports it  has more than doubled its work in the UK offshore sector over the past 12 months. Image: Tendeka The independent…

1000 Km of the Nord Stream 2 Pipeline Laid

Apr 15, 2019

1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters. Image: Nord Stream 2 Two Allseas pipelay vessels - Pioneering Spirit…

Rever Offshore Appoints Ops Director

Apr 15, 2019

The subsea services provider to the oil and gas industry Rever Offshore, has announced the appointment of Bob Bryce to the newly-created role of Operations Director. Image: Rever Offshore The…

CSC Clarifies Continental Shelf Beyond Bouvet

Apr 15, 2019

The extent of the continental shelf beyond 200 nautical miles outside Bouvet Island has now been clarified with the Continental Shelf Commission (CSC) in New York. Continental shelf’s extent outside Bouvet Island clarified…

Standard Drilling Sells Four PSVs

Apr 15, 2019

New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of its remaining four medium sized platform supply vessels (PSVs). Pic: World Wide Supply The NWS vessels…

Mexico to Offer Pemex One Year Lifeline

Apr 14, 2019

Mexico will offer its ailing state oil company Pemex a lifeline for only one year by dipping into its budget stabilization fund, Finance Minister Carlos Urzua said on Friday, ruling out that the government will absorb the debt. (File…

SeaBird to Buy BOA Offshore Vessels

Apr 12, 2019

Norwegian seismic acquisition company SeaBird Exploration said  it is in an exclusive process to acquire the seismic vessels BOA Galatea and BOA Thalassa owned by BOA Offshore in a transaction which values the vessels at NOK 185 million ($22 million)…

Chevron Strengthens GoM Position

Apr 12, 2019

Today’s announcement that US supermajor Chevron will acquire Anadarko Petroleum in a deal valued at $50 billion gives Chevron a clear lead among Permian players, but it also strengthen's its position in the Gulf of Mexico, analysts say.Anadarko…

NigerStar 7 Adds Pipelay Vessel

Apr 12, 2019

NigerStar 7, a joint venture between Subsea 7 and Nigerdock, said it has acquired 2009-built pipelay vessel Seven Antares,  Seven Antares (Photo: NigerStar 7) The Seven Antares, previously owned by Subsea 7…

MSS Will Tap Data to Save Fuel

Apr 12, 2019

Maersk Supply Service (MSS) announced it will equip its vessels to use data to optimize operations and save fuel in real time. (Photo: Maersk Supply Service) The offshore services company…

Norway's March Oil Output Dips

Apr 12, 2019

Norway's oil production dropped 8.2 percent in March year-on-year to 1.396 million barrels per day, lagging the official forecast for the month by 1.5 percent, Norway's Petroleum Directorate (NPD) said on Friday. (Photo: Roar Lindefjeld and Bo B…

McDermott Wins EPCI Contract from Qatargas

Apr 12, 2019

McDermott International announced Friday it has secured a contract from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar. (File…

Delving into Cultural Factors Can Improve Safety

Apr 12, 2019

Oil and gas organizations have significantly improved safety over the years, and evaluating a company’s safety culture can identify areas for further gains. But culture is hard to measure and even more difficult to change. ©…

Chevron to Buy Anadarko for $33 Bln

Apr 12, 2019

Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its bet on U.S. shale and LNG as U.S. energy production is shattering records. (Photo…

Estonia Blocks $1.9B Offshore Wind Project

Apr 12, 2019

The Estonian government has refused to start the permitting process for the building of a $1.9 billion, 600-MW offshore wind farm off the west coast of the island of Saaremaa, citing national security concerns. Wind energy in Estonia…

China, France to Develop OWP Project

Apr 12, 2019

China Energy Investment Corporation (CHN Energy) and Électricité de France Group (EDF Group) have signed a deal to jointly develop an offshore wind power project in China’s eastern Jiangsu province, Chinese official media reported. Image…

Shearwater Bags Shell Deal

Apr 12, 2019

Norwegian geoservices company Shearwater GeoServices has been awarded a multi-project marine seismic 3D and 4D acquisition contract by Anglo-Dutch energy giant Shell. Image: Shearwater GeoServices Holding…

Lundin Gets Nod to Drill Offshore Norway

Apr 11, 2019

Norway's offshore safety watchdog has give Lundin consent to drill a pair of exploration wells in the North Sea, the Petroleum Safety Authority said on Thursday. (Image: Norwegian Petroleum Directorate) The…

Okea Plans IPO This Year

Apr 11, 2019

Norwegian oil company Okea, partly owned by Thailand's Bangchak Corporation and private equity firm Seacrest Capital, announced plans on Thursday for an initial public offering on the Oslo stock exchange this year. OKEA has a 0…

Globalgig Goes Offshore, Powered by Tampnet LTE

Apr 11, 2019

Tampnet and Globalgig announced today that they have completed testing and reached an agreement whereby access to the Tampnet’s network will be available through Globalgig’s patented multi-IMSI SIM. Globalgig provides wireless service for enterprise connectivity…

Shell Sells Caesar Tonga Stake for $965 Mln

Apr 11, 2019

Royal Dutch Shell announced it will sell its stake in the deepwater Caesar Tonga field in the US Gulf of Mexico for $965 million in cash to a subsidiary of Israel's energy conglomerate Delek Group. The…

Acteon Acquires Benthic

Apr 11, 2019

Subsea services group Acteon announced Thursday it has agreed to acquire offshore marine geotechnical and geophysical survey company Benthic. The transaction is expected to complete in May 2019. Benthic’s…

Ensco, Rowan Merge to Form Ensco Rowan

Apr 11, 2019

Ensco and Rowan Companies have completed a previously announced merger, creating the new combined offshore drilling company Ensco Rowan, the world's largest by fleet size. (File photo: Ensco Rowan) The…

Algeria: From Political Turmoil Comes Opportunity

Apr 11, 2019

The ongoing political turmoil in Algeria threatens to delay even further the planned offshore oil and gas exploration projects that the country is betting on to reverse the declining oil and gas output especially from maturing onshore fields…

Brazil Transfer-of-rights Area: What's Next?

Apr 11, 2019

Brazil's government and state-controlled oil company Petroleo Brasileiro SA have settled a long-running dispute about one of the world's most promising offshore oil areas, clearing the way for a blockbuster auction later this year. Petrobras…

Oceaneering Unveils TAXI

Apr 11, 2019

A new digital radiography solution from Oceaneering International aims to help reduce the number of unplanned shutdowns in the oil and gas sector. Oceaneering''s new Trip Avoidance X-ray Inspection (TAXI)…

Maryland Act Boosts Offshore Wind Market

Apr 11, 2019

Maryland state lawmakers have passed the Clean Energy Jobs Act (CEJA) of 2019, which would incentivize the development of 1.2 GW of additional offshore wind energy off the coast of Maryland. Image: Orsted US…

Hornsea Project Phase 3 Examination Completes

Apr 11, 2019

The Planning Inspectorate Examination for Ørsted’s Hornsea Project Three offshore wind farm, has the potential to be the world’s largest offshore wind farm to date, was completed. Hornsea Project Three offshore wind farm…

NOC Selects Sonardyne for New Under-Ice AUV

Apr 11, 2019

National Oceanography Centre (NOC), UK has selected high-performance hybrid navigation technology from Sonardyne International for the next generation of its Autosub autonomous underwater vehicle (AUV), targeted for under-ice operations. Image…

NAO Completes Vessel Acquisition

Apr 10, 2019

Bermuda-headquartered platform supply vessels (PSVs) operator Nordic American Offshore (NAO) announced that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. Pic…

Subsea Power Hub Tested in Aberdeen

Apr 10, 2019

Subsea energy storage and power generation specialists EC-OG said it has demonstrated the capabilities of its Subsea Power Hub (SPH) for powering subsea production equipment using battery power alone, during a recent workshop test program in Aberdeen…

CGG Completes 2D Survey Offshore Gabon

Apr 10, 2019

French-based geophysical services company CGG said it has completed acquisition of 9,800 km long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin. Map showing…

Brazil Government to Pay Petrobras $9 Bln

Apr 10, 2019

The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA $9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said on Tuesday. ©…

Equinor Delays Mariner Start-up Again

Apr 10, 2019

The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings. Photo…

Forum Unveils eROV Simulator Training

Apr 10, 2019

The latest version of Forum Subsea Technologies’ VMAX simulator launched this week is designed to integrate with its next generation of electric remotely operated vehicles (eROV). (Photo: Forum Subsea…

Safe Boreas Extended at Mariner

Apr 10, 2019

Equinor has exercised three of six available one-month options to extend the Prosafe accommodation vessel Safe Boreas at the Mariner project in the UK sector of the North Sea, after another round of setbacks has pushed back the oil field's start-up date even further…

Aker Solutions, Fuglesangs Create FASTSubsea

Apr 10, 2019

Norway’s Aker Solutions has agreed to create a new subsea multiphase boosting company with subsea technology specialist FSubsea. The companies, through new 50/50 owned business FASTSubsea…

BP Selects KBR for Greater Tortue Ahmeyim Project

Apr 10, 2019

Oil and gas major BP has awarded KBR UK, British arm of Houston engineering and construction company, the Pre-FEED Services contract for Phases 2 and 3 of BP’s Greater Tortue Ahmeyim project, offshore Senegal and Mauritania. Image: KBR…

MRE Bags Hohe See Offshore Contract from EnBW

Apr 10, 2019

The engineering solutions company Manor Renewable Energy (MRE) Ltd has signed a contract with EnBW to provide the full temporary power package of generators, personnel and vessels for the Hohe See offshore wind farm turbine installation phase…

Europe Offshore Fleet has 105 Wind Farms

Apr 10, 2019

There are now 189 GW of wind energy in Europe, making up 14% of the EU’s power demand. 18.5 GW of this is in Europe’s offshore fleet, whose 105 wind farms and 4,500 turbines now provide 40,000 jobs. Giles Dickson…

Jan De Nul Readies Taiwanese OWF Project

Apr 10, 2019

The maritime infrastructure company Jan De Nul Group reached an important milestone on the Formosa 1 Phase 2 OWF project: all 20 foundation monopiles have left the EEW SPC yard in Germany onboard of two heavy load transport vessels. Jan…

Unique Group Debuts New Survey USV

Apr 10, 2019

Unique Group, a provider of  services and solutions for the offshore, subsea and life support industries, has designed and developed its first Unmanned Surface Vehicle (USV) called Uni-Cat. Image: Unique…

Shearwater Wins Barents Sea Work for NPD

Apr 10, 2019

The provider of marine geophysical services to oil and gas industry Shearwater GeoServices Holding has been awarded a contract for a Barents Sea seismic acquisition survey with full data processing by the Norwegian Petroleum Directorate (NPD)…

Eni’s Miztón Platform Installed

Apr 09, 2019

Mexico’s Energy Reform has sen its first concrete offshore result, with the installation of of Eni’s Miztón platform in the Gulf of Mexico. Sapura 3500 DP3 Heavy Lift Vessel during installation of Mizton…

HydraWell to Plug UKCS Wells

Apr 09, 2019

Norway based HydraWell said it has signed a contract with an undisclosed UK-based supermajor to provide equipment and personnel for plug and abandonment (P&A) services in the UK North Sea. An illustration…

Harvey Gulf PSV Receives Hybrid Retrofit

Apr 09, 2019

Harvey Energy, the first platform supply vessel (PSV) to be fueled by liquefied natural gas (LNG) will become the first PSV in the Americas to be hybrid retrofitted.  Harvey Energy is the first PSV in the Americas to be retrofitted for hybrid propulsion…

MacArtney Unveils New Connectors

Apr 09, 2019

The MacArtney Group has launched its latest connectivity series, TrustLink Metal Shell Connectors, now in stock across the globe. Photo: MacArtney Group The TrustLink (MS) series includes…

Aasta Hansteen Field Shut after Gas Leak

Apr 09, 2019

Production at Equinor's Aasta Hansteen gas field remained shut on Tuesday after a gas leak the previous day. (Photo: Roar Lindefjeld and Bo B. Randulff / Equinor) 'We are focusing on finding the cause of the leakage and prepare for repairing…

EIVA Launches ROV Steering Software

Apr 09, 2019

NaviSuite Mobula is a new software product from EIVA offering advanced steering capabilities to remotely operated vehicle (ROV) owners. (Image: EIVA) The market for the micro- and mini-ROV is under drastic change…

Focusing on Next-gen VXTs

Apr 09, 2019

Global subsea Xmas tree orders took a major hit through the downturn. But, manufacturers are doing their bit to reduce cost and new generation trees are soon to leave factories, as Offshore Engineer found out during a tour of Aker Solutions’ Tranby facility…

Well-Safe Buys Semisub Ocean Guardian

Apr 09, 2019

Well-Safe Solutions announced Tuesday that it has agreed to acquire the Ocean Guardian semisubmersible drilling unit from Diamond Offshore. Ocean Guardian will be renamed Well-Safe Guardian and converted…

Seacat Services Orders OESV Newbuild

Apr 09, 2019

Offshore energy support vessel (OESV) operator Seacat Services has signed a multimillion-dollar contract to build a new next-generation catamaran for deployment in the offshore wind sector. Photo: Seacat Services Seacat Weatherly…

DOF Subsea Orders Three Forum ROVS

Apr 09, 2019

Forum Subsea Technologies announced Tuesday it has secured orders from DOF Subsea to supply three of its Ultra Compact Perry XLX-C work-class remotely operated vehicles (ROV). DOF Subsea will deploy the vehicles onto three of its ROV support vessels for recently awarded projects in Brazil…

EvoLogics Presents 'Tiny' Modems

Apr 09, 2019

EvoLogics has introduced the latest addition to its range of underwater acoustic modems, the new generation S2C T modems, at Ocean Business 2019 in Southampton, UK. (Image: EvoLogics) Dubbed “tiny”…

Swiss, Brazil Try to Unravel Petrobras Affair

Apr 09, 2019

Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland. ©…

TechnipFMC Wins Subsea Contract off Brazil

Apr 09, 2019

TechnipFMC said on Tuesday it has secured a contract to supply flexible pipes for oil production, gas lift and gas injection as well as associated accessories for the Lapa field, located in the pre-salt Santos Basin, under the BM-S-9A concession…

In Norway, Mixed Signs of Offshore Earnings

Apr 09, 2019

A recent industry survey suggests Norway’s offshore fleet, the world’s second-largest, may have passed the worst of the painful, post-2014 slowdown, although ship owners contemplating market moves also say financial markets may be looking away…

Vroon Offshore Services Wins BP Contract

Apr 09, 2019

Vroon Offshore Services (VOS) Aberdeen has been awarded a major new contract with BP Trinidad and Tobago LLC, for the provision of emergency response and rescue vessel (ERRV) services. Image: Vroon Offshore Services As per contract…

Innogy Charters Esvagt SOV for Triton Knoll

Apr 09, 2019

Denmark's offshore operator, Esvagt, will supply service vessels for the installation phase of offshore wind farm Triton Knoll. The ‘Esvagt Froude’ provides a fully integrated on-site solution to the…

Oil & Gas Discoveries on the Rise in 2029

Apr 09, 2019

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy. Graph: Rystad Energy Global…

NAO Acquires 13 Vessels

Apr 08, 2019

Bermuda-based company Nordic American Offshore (NAO) announced  that it has reached agreement with the lenders under the Company's $150 million  Revolving Credit Facility, dated March 16, 2015 pursuant to which the lenders have agreed, upon…

OSVs: Restarting that Idled Vessel

Apr 08, 2019

Owners of offshore support vessels (OSV) are beginning to examine the possibility of reactivating some of their fleet even as the consistent volatility of oil prices and a healthy stream of ships projected from global shipyards keeps their enthusiasm in check…

XL Group Acquires AMC

Apr 08, 2019

Aberdeen based technology and engineering company XL Group announced on Monday it has acquired Artisan Measurement & Control Limited (AMC) in a move to add expertise, products and services in calibration, measurement, tanker loading, blending…

Finlaggan Field Development on Track

Apr 08, 2019

Development of the Finlaggan field in the UK Central North is progressing as planned and is on pace to deliver first production in the fourth quarter of 2020, operator Zennor Petroleum said in an update on Monday. (Photo…

Energean: First Oil from Epsilon ERW

Apr 08, 2019

Mediterranean focused oil and gas producer Energean announced Monday it has completed drilling operations and began producing from the extended reach well EA-H3 offshore Greece in the Mediterranean Sea. Energean…

Hydro Group Secures Japanese Partner

Apr 08, 2019

International underwater connectivity manufacturer Hydro Group announced Monday it has established a new partnership with Japanese electrical and optical products company Riken Dengu Seizo Co., Ltd. Takayuki Higuchi…

Oil Hits Five-month High

Apr 08, 2019

Oil prices rose to a five-month high on Monday, driven by expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela. © Ek /…

New CEO at POSH

Apr 08, 2019

Lee Keng Lin will take over as the new CEO and executive director of Singapore based offshore services provider PACC Offshore Services Holdings (POSH) following the retirement of Gerald Seow Kang Hoe, effective May 1. (File photo: GAC) Lee…

Crew Vessel Contracted to Shell

Apr 08, 2019

UK-based crew transfer specialist High Speed Transfers (HST) announced that its second new high-speed crew transfer vessel HST Sofia will be contracted by Shell to support its exploration program in the Black Sea commencing March 2019. (Photo…

Adjusting Strategy to Survive Oil Price Volatility

Apr 08, 2019

In times of oil price volatility, operators can take certain actions to reorient their businesses, generate sustainable value and reignite investor interest. © eaumstocker / Adobe Stock According…

Aquaterra Wins More Work from Lundin

Apr 08, 2019

Offshore engineering company Aquaterra Energy said it has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field offshore Norway. (Photo…

Russia Signals OPEC Should Raise Output

Apr 08, 2019

One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles. (Photo…

OSV Market: Which Way is Up?

Apr 08, 2019

Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its…

Japan Group Buys Stake in Taiwan Offshore Wind

Apr 08, 2019

A group of Japanese investors - JXTG Nippon Oil & Energy, Sojitz Corp and other Japanese firms - have joined German wind farm developer Wpd in the 640MW Yunlin offshore wind project off Taiwan. Image…

Saipem Wins Offshore Gig in Norway, ME

Apr 08, 2019

Italian oil and gas industry contractor Saipem has won two new offshore drilling contracts in Norway and Middle East with a total value exceeding USD $200 million. Image: Saipem One…

Icon Offshore Bags Contract from Petronas

Apr 08, 2019

The largest offshore support vessel (OSV) provider in Malaysia, Icon Offshore Bhd said that its wholly owned subsidiary Icon Offshore Group Sdn Bhd (IOGSB) has secured a contract from Petronas Carigali Sdn Bhd for the provision of straight supply vessel…

OGA Releases Mid North Sea High Map

Apr 07, 2019

The Oil and Gas Authority (OGA) of UK has released regional maps and supporting data for the Mid North Sea High area. Pic: Oil and Gas Authority The data represent the latest delivery…

Van Oord Completes Deutsche Bucht Offshore Installation

Apr 05, 2019

Dutch maritime contracting company Van Oord has completed the installation of the offshore substation at the 269 MW Northland Power’s Deutsche Bucht offshore wind farm in Germany`s Exclusive Economic Zone. Pic…

Woodside Inks LNG Supply Deal with ENN

Apr 05, 2019

Australia's Woodside Petroleum WPL.AX has signed a Heads of Agreement (HOA) to supply liquefied natural gas (LNG) to China's ENN Group for 10 years from 2025, both companies said on Friday. PLuto LNG plant (Photo: Woodside) Woodside…

Gazprom Neft, Schlumberger Partner on Well Logging

Apr 05, 2019

Gazprom Neft and Schlumberger have agreed to enter technological cooperation in well logging.  (Photo: Gazprom Neft) “Gazprom Neft is committed to developing its scientific, intellectual…

Jan De Nul Orders Jack-up Installation Vessel

Apr 05, 2019

Luxembourg based Jan De Nul Group (JDN) announced Friday it has ordered its third offshore jack-up installation vessel, due for delivery from Chinese shipyard COSCO Shipping Heavy Industry in 2022. (Image: Jan De Nul) The new vessel…

Interest in US Offshore Acreage Growing

Apr 05, 2019

With stabilizing oil prices and lower breakeven points, interest in the US offshore is increasing. © alexpolo / Adobe Stock Randall Luthi, president of National Ocean Industries Association (NOIA)…

Gazprom Neft, Novatek Mull Offshore Cooperation

Apr 05, 2019

Russia's Gazprom Neft, the oil arm of gas giant Gazprom, is in talks with gas producer Novatek about possible cooperation at its offshore deposits, Gazprom Neft CEO Alexander Dyukov said on Friday. (Photo…

EDS Scores 15-year O&M Contract

Apr 05, 2019

High voltage engineering specialist EDS HV Group, part of the UK marine services company James Fisher and Sons, announced Friday it has secured a 15-year operations and maintenance (O&M) contract for OFTO assets at the Greater Gabbard wind farm off the coast of England…

Eni Slander Probe Could Prompt Management Changes

Apr 05, 2019

Italy's Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal, and a source with knowledge of the matter said the review could prompt some management changes at the oil major. (Photo…

Lebanon Announces Offshore Blocks

Apr 05, 2019

Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime borders. © bilalulker…

AMS Wins Hornsea Two Gig

Apr 05, 2019

AMS Trenchless Specialists, North Lincolnshire-based engineering company, has won a huge contract for part of the onshore cable works for Hornsea Two, an offshore wind farm being constructed 89km off the Yorkshire Coast. AMS…

Neodrill Rolls-out Subsea Template Tech

Apr 05, 2019

Norwegian technology developer Neodrill announced new solutions for subsea templates. Image: Neodrill The innovator in pre-rig well construction technology through its CAN technology…

Serica Energy Abandons Rowallan Well

Apr 05, 2019

Serica Energy, UK oil and gas company operating mainly in the North Sea, said that the Rowallan well was drilled down to a depth of 4,641 metres and after an unsuccessful result, it will now be plugged and abandoned. Image…

EMGS, Equinor Pact for Well Calibration Study

Apr 05, 2019

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) has signed an agreement for its second full-scale marine controlled-source electromagnetic (CSEM) well calibration study project in cooperation with Equinor. Image…

OPT, Acteon Exploring Joint Opportunites

Apr 04, 2019

US based ocean energy solutions company Ocean Power Technologies (OPT) and UK based subsea services and solutions company Acteon Field Life Service, an Acteon Group subsidiary, have entered into a nonexclusive memorandum of understanding (MOU) to develop…

Harvey Gulf Branches Out Internationally

Apr 04, 2019

Since committing to go global in September 2018, US based Harvey Gulf said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname. Photo: Harvey Gulf Marine The…

Neodrill Brings Its Tech Subsea

Apr 04, 2019

NEODRILL ANNOUNCES NEW LICENCE OPPORTUNITIES ON PRE-RIG TECHNOLOGY SOLUTIONS FOR SUBSEA TEMPLATES•The patent-protected solutions apply principles from Neodrill’s industry-leading CAN® technology to deliver better well fatigue life control and…

Expectations High off Equatorial Guinea

Apr 04, 2019

Equatorial Guinea, one of Africa's top natural gas producers, is struggling with the reality of dwindling oil and gas resources and the hurdle of attracting financing for the monetization of the current output from its offshore fields. Alen…

Ford Named IMCA Technical Director

Apr 04, 2019

Mark Ford, Technical Manager of the International Marine Contractors Association (IMCA), has been promoted to Technical Director of the global organization. Mark Ford (Photo: IMCA) “Mark…

FPSO Allan to Get Anchoring Upgrade

Apr 04, 2019

The Yinson floating production, storage and offloading unit (FPSO) Allan will receive an anchoring system upgrade prior to deployment at the Anyala and Madu fields within leases 83 and 85 offshore Nigeria later this year. FPSO…

Maersk's Drilling Unit Lists in Copenhagen

Apr 04, 2019

A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded slightly below the book value it had in Maersk's own accounts. (Photo…

Dunkirk Offshore Wind Tender Results Due in May

Apr 04, 2019

France's CRE energy market regulator will publish its recommendations for the 600 megawatt (MW) Dunkirk offshore wind farm tender in early May, and it expects the price to be reasonable, the head of the regulatory body said on Thursday. © T…

Lebanon Approves Second Offshore Gas Round

Apr 04, 2019

Lebanon's government has approved a second offshore energy licensing round with bids to be submitted early next year, Energy Minister Nada Boustani said on Twitter on Thursday. Open blocks for the second…

EMGS Signs Barents Sea Contract

Apr 04, 2019

Norwegian offshore survey firm Electromagnetic Geoservices (EMGS) has signed a final contract withSpirit Energy Norway AS  for a survey in the Barents Sea offshore Norway. EMGS''s vessel Atlantic Guardian…

Equinor Comes up Dry in the North Sea

Apr 04, 2019

Norwegian multinational energy company Equinor has concluded the drilling of wildcat well 36/1-3 in production licence 885 in the northern part of the North Sea offshore Norway. The well was dry, the Norwegian Petroleum Directorate (NPD) said…

Total Extends Havila Shipping Contract

Apr 04, 2019

Havila Shipping ASA, a Norway-based company engaged in the provision of offshore industry services, said that the oil company Total E&P UK has awarded an extension for its platform supply vessel (PSV) Havila Commander. Image…

Brazil Seeks Expanded Pre-salt Exploration

Apr 03, 2019

Based on geological studies that point to great potential for ultra-deepwater pre-salt oil reserves beyond its exclusive economic zone (EEZ), the Brazilian government is considering offering for the first-time exploratory blocks beyond the limits…

Chariot Awarded Licence Offshore Morocco

Apr 03, 2019

UK based independent Chariot Oil & Gas announced Wednesday it has been awarded a 75% interest and operatorship of the Lixus license offshore Morocco. The country's Office National des Hydrocarbures et des Mines (ONHYM) will hold the remaining 25% stake…

OPT Scores Oil and Gas Study Contract

Apr 03, 2019

US based ocean energy solutions company Ocean Power Technologies (OPT) said it has signed a contract with an unnamed oil and gas exploration and production company to complete a 12-week paid feasibility study that will examine the use of OPT’s…

Inpex Awards 3-year Drilling Contract to Maersk

Apr 03, 2019

Denmark based drilling rig operator Maersk Drilling said on Wednesday it has secured a long-term contract for its ultra-deepwater semisubmersible Mærsk Deliverer, for drilling at the Ichthys gas and condensate field in the Browse Basin offshore Western Australia…

Lukoil Inks Deal on Kazakhstan's Zhenis Block

Apr 03, 2019

Lukoil has signed a contract with the Ministry of Energy of the Republic of Kazakhstan and KazMunayGas for hydrocarbon exploration and development of the Zhenis block in Kazakhstan's sector of Caspian Sea, Russia's second-largest oil producer announced on Wednesday…

Dräger Wins North Sea Safety Contracts

Apr 03, 2019

Dräger Marine & Offshore will supply equipment which detects and protects workers from hazardous gases to 23 platforms across the North Sea, under three new contracts worth more than £1,000,000 ($1.3 million), the Netherlands based company announced on Wednesday…

Østensjø Rederi Sells Edda Fonn

Apr 03, 2019

Norway’s Østensjø Rederi has outfitted the offshore support vessel (OSV) MV Edda Fonn, getting it ready for the delivery to the Royal New Zealand Navy (RNZN). Photo: Østensjø Rederi The…

NPD Report on High North Offshore

Apr 03, 2019

Norwegian Petroleum Directorate (NPD), Norwegian government agency responsible for the regulation of the petroleum resources on the Norwegian continental shelf, has presented a report on petroleum activity in the High North at the Barents Sea conference…

E&P Sector Hits Record Free Cash Flow

Apr 03, 2019

The world’s publicly listed oil and gas companies are bringing in cash at the best rate ever witnessed even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015. Graph…

Jack-up Jill Added to Fred. Olsen

Apr 03, 2019

Norway-based offshore wind services company Fred. Olsen Windcarrier AS (FOWIC) has signed a long term time charter with Falcon Global for the latter's jack-up vessel Jill for work in the offshore wind sector. Jill…

Jadestone Resumes Stag Drilling

Apr 02, 2019

Asia Pacific focused independent oil and gas company Jadestone Energy said drilling operations have resumed at the Stag oilfield offshore Australia in the wake of tropical cyclone Veronica. Tropical Cyclone Veronica on March 26…

Hitecvision Buys Solveig Gas

Apr 02, 2019

Private equity firm Hitecvision has agreed to acquire 100 percent of the shares in Solveig Gas, the second largest owner of Norway's offshore gas pipeline system, the company said on Tuesday.Solveig Gas owns 25.6 percent in the Gassled joint venture…

Subsea Cables Installed for NASR Phase 2

Apr 02, 2019

Jan De Nul Group said it has completed the cable installation scope for the Phase II Full Field Development of the NASR offshore oil field approximately 130 kilometers northwest of Abu Dhabi. Cable layer…

McDermott Partners with Zamil Offshore

Apr 02, 2019

McDermott International announced on Tuesday it has signed a joint venture agreement with the Middle East's largest offshore and marine services provider Zamil Offshore in a move that aims to capitalize on a rising maintenance, modifications and operations (MMO) market in Saudi Arabia…

TechnipFMC Scores EPCI Work from Neptune

Apr 02, 2019

Neptune Energy said Tuesday it has entered into a global alliance agreement with TechnipFMC for delivering subsea projects. (Image: Neptune Energy) The agreement will run for an initial period of five years with options to extend…

Dynautics Launches the Phantom AUV

Apr 02, 2019

UK based marine technology company Dynautics has unveiled a new modular and scalable autonomous underwater vehicle (AUV) called the Dynautics Phantom. Dynautics Phantom AUV (IMage: Dynautics) The first iteration of the product…

Total's Kaombo Sul FPSO Starts Production

Apr 02, 2019

Total announced Tuesday it has started producing from Kaombo Sul, the second floating production, storage and offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Angola's capital Luanda, in water depths ranging from 1…

Malaysia's 2nd FLNG May be Ready by Q1 2020

Apr 02, 2019

State-owned Petroliam Nasional Bhd, or Petronas, expects to have its second floating liquefied natural gas (LNG) facility in Malaysia ready by the first quarter of next year, its chief executive, Wan Zulkiflee, told the LNG2019 conference in Shanghai on Tuesday…

Equinor Comes up Dry in Gjoekaasen Deep

Apr 02, 2019

Equinor has drilled a dry well in the Gjoekaasen Deep prospect in the southeastern part of the Barents Sea, the Norwegian Petroleum Directorate said on Tuesday. Well 7132/2-2 was drilled by the West Hercules drilling facility which…

Semco Wins Hornsea One Contract

Apr 02, 2019

Dutch project engineering company Semco Maritime has signed a two-year contract with with Danish energy company Orsted's Hornsea Project One offshore wind farm - the world’s largest - in the the east coast of England. Image…

Borr Drilling Buys New Jack-Up

Apr 02, 2019

The offshore drilling contractor to the oil and gas industry worldwide, Borr Drilling  has acquired a new jack-up newbuilding. The acquisition price is nearly half of what it was originally ordered for. Image…

Two Contracts Go to SeaBird

Apr 02, 2019

Marine surveyor SeaBird Exploration said on Monday it has been awarded two new contracts, including one in West Africa and another in the Gulf of Mexico. Image: SeaBird Exploration The…

SMD Quasar WROV Dives 5.7km Deep

Apr 02, 2019

Soil Machine Dynamics (SMD) announces that a deep-sea Quasar Work Class Remotely Operated Vehicle (WROV) has successfully completed sea trials. Image: Soil Machine Dynamics (SMD) The 6000-meters-rated WROV…

Xodus on Cost Cutting in North Sea Decom

Apr 02, 2019

Xodus Group has carried out  a concept study and Front End Engineering Design (FEED) project  which determined that a North Sea operator will save up to $77.5 million (£59 million) by adopting a Not Normally Attended (NNA) status ahead of decommissioning the field…

Yinson Buys Ezion

Apr 02, 2019

Singapore's ailing offshore and marine firm Ezion Holdings (EHL) has found a saviour in Malaysian-listed Yinson Holdings, the world's sixth largest floating, production, storage and offloading (FPSO) operator. Image…

Golden Energy Offshore Secures Contract

Apr 02, 2019

Norwegian based offshore service company Golden Energy Offshore Services AS (GEOS) has informed that a contract extension has been secured with Wintershall Norge AS. Image: Golden Energy Offshore Services…

DNV GL To Perform Hywind Tampen Study

Apr 01, 2019

DNV GL said on Monday it is working with Equinor to undertake a third-party verification study of the Norwegian Hywind Tampen floating wind farm, expected to be the world’s first offshore wind farm powering oil platforms. (Illustration…

ASV, ROV Conduct Joint Autonomous Survey

Apr 01, 2019

An autonomous surface vessel (ASV) deployed a remotely operated vehicle (ROV) for a recent underwater inspection demonstration, marking an industry-first for vertical and horizontal subsea inspection, says L3 Technologies, who led the proof…

New Pipeline Coming Offshore Equatorial Guinea

Apr 01, 2019

Noble Energy and partners will build a pipeline linking Equatorial Guinea's offshore gas fields to an onshore liquefied natural gas (LNG) plant to boost exports, the African nation's government said on Monday. (Photo…

Two Contracts Go to SeaBird

Apr 01, 2019

Marine surveyor SeaBird Exploration said on Monday it has been awarded two new contracts, including one in West Africa and another in the Gulf of Mexico.The company said it received a letter of award for a niche 3D survey in West Africa, with a total value of approximately $6…

MHI Turbine Win Starts Rovuma LNG Surge

Apr 01, 2019

A 10-year build-up of supermajor, offshore-heavyweight and expert onshore hydrocarbon players in Tanzania and Mozambique’s Rovuma Basin is starting to produce a trickle of large supplier orders that’s expected to become a torrent, as liquefied natural gas (LNG) trains line up…

Trump, Saudi Arabia at Odds Over Oil Price

Apr 01, 2019

U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become a source of volatility in 2019/2020. (File…

Ocean Geo-Frontier Tallies Survey Contract

Apr 01, 2019

New joint venture company Ocean Geo-Frontier (OGF) on Monday signed a consignment service agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for geophysical surveys to be conducted by a three-dimensional geophysical survey vessel…

Mime Petroleum Buys Into Balder, Ringhorne

Apr 01, 2019

Oslo-based exploration and production company Mime Petroleum has reached a deal with fellow independent Vår Energi to buy into the Balder, Ringhorne and Ringhorne East fields on the Norwegian continental shelf (NCS), the partners announced Monday…

Petrobras to Bid in Israeli Gas Tender

Apr 01, 2019

Israel's energy minister said on Sunday that Brazilian state-run oil firm Petrobras will take part in a tender to explore for oil and gas off Israel's shore, Reuters reports. Israeli Energy Minister…

Saudi Aramco: World's Biggest Oil Producer

Apr 01, 2019

Saudi Aramco was by far the world's biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday. (Photo…

Gazprom Names Burmistrova as Deputy CEO

Apr 01, 2019

Russian natural gas giant Gazprom has appointed Elena Burmistrova, the head of Gazprom Export, to the post of deputy chief executive, Interfax news agency cited sources as saying on Monday. Elena Burmistrova (Photo: Gazprom) Oleg Aksyutin…

Borr Drilling Buys a Jack-up Rig

Apr 01, 2019

Borr Drilling announced on Monday it has purchased a jack-up newbuilding, Hull No. B378 (formerly named Hakuryu-15), for a total consideration of $122 million from BOT Lease Co., Ltd. The original ordering price of the rig was approximately $240 million…

Subsea 7 Scores Contract Off Saudi Arabia

Apr 01, 2019

Offshore engineering and services company Subsea 7 revealed it has been awarded two contracts from Saudi Aramco for conventional projects in shallow water offshore Saudi Arabia. (Photo: Subsea 7) The engineering…

Vroon Wins Work from Total

Apr 01, 2019

Vroon Offshore Services has secured a contract with Total E&P to deliver offshore logistical support to a planned maintenance campaign in the Dutch sector of the Southern North Sea. OPerations are already underway…

Tekmar to Shield Triton Knoll OWF

Apr 01, 2019

Tekmar Energy, a provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, said that it has secured a contract by Boskalis to provide cable protection systems (CPS) for the Triton Knoll offshore wind farm (OWF) in the UK…

Aker Submits $4.4bln Offshore Ghana Plan

Apr 01, 2019

Norwegian firm Aker Energy has submitted a plan of development and operation (PDO) to Ghanaian authorities. Image: Aker Energy 'Aker Energy Ghana Limited, as Operator on behalf of its partners…

Lundin Completes Johan Sverdrup Installation

Apr 01, 2019

European oil and gas exploration and production company Lundin Petroleum announced that the offshore installation of the Johan Sverdrup development project has been completed. Image: Lundin Petroleum…

Skandi Captain's Maiden Visit to Lowestoft

Apr 01, 2019

Associated British Ports (ABP) said that its Port of Lowestoft welcomed the Platform Supply Vessel (PSV) the Skandi Captain this week on its maiden call to the port. The vessel Skandi Captain on its maiden visit to the Port of Lowestoft…

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