Further Increasing Johan Sverdrup ValueFeb 7, 2018Statoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFeb 6, 2018Faroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPFeb 1, 2018BP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Spot News
Shell agrees £47 billion deal for BG GroupApr 9, 2015The Boards of Shell and BG have reached agreement on the terms of a recommended cash and share offer to be made by Shell for the entire issued and to be issued share capital of BG. Under the terms of the Combination, BG Shareholders will be entitled to receive for each BG Share: •383 pence in cash; and •0.4454 Shell B Shares
DONG Energy takes over US offshore wind development projectApr 8, 2015DONG Energy has agreed to take over RES Americas Developments Inc.’s (RES) more than 1000MW newly assigned development project rights off the coast of Massachusetts. At the offshore wind auction held by BOEM (Bureau of Ocean Energy Management) on 29 January 2015, RES secured the rights to develop one of the two leases that were awarded. The lease comprises an area that could potentially accommodate more than 1000MW.
Eni Norge's Goliat featuring ALMACO's Provision Stores & Refrigeration MachineryApr 7, 2015ALMACO’s scope of supply includes the supply and installation of Cold Stores and Refrigeration Machinery, as well as Commissioning and Spare Parts. Hyundai Heavy Industries awarded the contract to ALMACO Group in July of 2011 and ALMACO finalized the commissioning work at the end of 2014. Vincent Querard, ALMACO’s Project Manager, states “ALMACO’s global experience in the offshore
InterMoor completes riser and mooring disconnection for major FPSO offshore AngolaApr 6, 2015InterMoor, an Acteon company, has successfully completed offshore operations for the disconnection and laydown of risers and mooring lines on a major floating production, storage and offloading (FPSO) facility offshore Angola. InterMoor won the contract in March 2014 and completed the work on budget, on schedule and with zero incidents in Dec. 2014.
Petrobras to dispose of assets in ArgentinaApr 3, 2015Petrobras says that the Board of Directors of Petrobras Argentina (PESA) has approved to dispose of all of its assets located in the Austral Basin, in the Santa Cruz province, for US$ 101 million to Compañia General de Combustibles S.A. (CGC). The PESA assets that are part of the deal include 26 onshore exploration production concessions, with an average production of 15,000 barrels of oil equivalent per day, as well as the entire infrastructure required for distribution, treatment and storage.
Fugro wins Total Congo contractApr 2, 2015Fugro has been awarded a five-year contract with an estimated value of USD 100 million by Total E&P Congo. The agreement is for ROV services and remote subsea tooling in the Moho Nord field, situated around 75 kilometres off the coast of Pointe Noire in the Republic of Congo. Fugro will supply four 200hp FCV 3000 work class ROV systems and innovative BOP tooling which will be installed on board three
Eni signs PSC for the exploration of two blocks offshore MyanmarApr 1, 2015Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 and MD-04. The contracts were signed in Nay Pyi Taw, in the presence of the country’s Energy Minister. The Joint Venture is between Eni, the Operator with an 80% participating interest through Eni Myanmar B.V, and Petrovietnam Exploration Production Corporation Limited (20%).
ExxonMobil begins production at Hadrian South in Gulf of MexicoMar 31, 2015Exxon Mobil Corporation began production in the deepwater Gulf of Mexico at Hadrian South with facilities tied back to the nearby Lucius project, reducing additional infrastructure requirements. Daily gross production from Hadrian South, ExxonMobil's deepest subsea tie-back in nearly a mile and a half of water, is expected to reach approximately 300 million cubic feet of gas and 3,000 barrels of liquids from two wells.
Statoil commences installation of Polarled pipeline projectMar 30, 2015On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas from the Aasta Hansteen field in the Norwegian Sea to Nyhamna in western Norway. Statoil is operator during the development of the Polarled project and therefore responsible for laying the pipeline between Aasta Hansteen and Nyhamna.
Schlumberger Introduces Coiled Tubing Real-time Multiset Inflatable PackerMar 27, 2015Schlumberger has released ACTive Straddle* coiled tubing real-time multiset inflatable packer. The packer provides all functions needed to isolate and treat multiple zones on a single run without coming out of the well, which reduces intervention time and optimizes production.“Conventional stimulation treatments of multizone reservoirs lack efficiency when targeted coverage is required, leading to lower production recovery,”
Chevron subsidiary signs production sharing contract in MyanmarMar 26, 2015Chevron Corporation’s subsidiary, Unocal Myanmar Offshore Co., Ltd., has entered into a Production Sharing Contract (PSC) with Myanma Oil & Gas Enterprise (MOGE), the national oil and gas company, to explore for oil and gas in the Rakhine Basin.The new PSC area, Block A5, lies 125 miles (200 km) offshore northwest of Yangon, and covers more than 2.6 million acres (10,600 sq. km).
Karoon Gas Australia signs rig contract for Levitt-1 exploration wellMar 25, 2015Karoon has contracted a semi-submersible drilling rig to drill the first well for Apache and Karoon in the northern Carnarvon Basin exploration permit WA-482-P. The Levitt-1 exploration well is expected to spud during May 2015. Karoon was advised on 20 March 2015, by the Operator, Apache Northwest Pty Ltd, that the Diamond Offshore semi-submersible drilling rig, 'Ocean America', has now been contracted to drill Levitt-1.
World's largest construction vessel ready for action with KONGSBERG DP, Bridge and AutomationMar 24, 2015Following its inauguration ceremony in Rotterdam on 27th February 2015, Allseas’ Pioneering Spirit will start its first job offshore Norway this summer with an integrated Dynamic Positioning (DP) and manoeuvring system based on state-of-the art Kongsberg Maritime technology. The Kongsberg Maritime delivery includes forward and aft bridge systems in addition to an extensive automation network and the HiPAP subsea position reference system.
SeaHow launches new generation skimmer systems for coastal oil spill responseMar 23, 2015SeaHow operates one of northern Europe’s largest fleets of oil spill response vessels. Over the 30 years that SeaHow has carried out OSR (oil spill response) work, it has found several challenges with the existing equipment. As a result of three years of product development, SeaHow now launches its own product line of skimmers, addressing the key challenges OSR organisations face today.
Statoil adds acreage in the Gulf of Mexico Central Lease SaleMar 20, 2015Statoil says that it successfully bid on 14 leases in the U.S. Department of the Interior’s central region Gulf of Mexico lease sale 235, which occurred in New Orleans, LA. “The acreage high bid today, completes our ownership of the Monument prospect, brings additional prospects in to our portfolio and strengthens our position in prioritised areas of the US Gulf of Mexico,” says Jez Averty, Statoil’s senior vice president, exploration for North America. Statoil's winning bids are subject to review and final approval by the authorities.
Statoil, partners makes a new gas discovery in Aasta HansteenMar 19, 2015Operator Statoil has together with PL218 partners made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea. The discovery is an important contribution to the Aasta Hansteen field development project and Polarled pipeline utilisation.“The Snefrid Nord discovery increases the resource base for the Aasta Hansteen field development project by around 15%,” says
Shell signs agreement to sell Downstream businesses in DenmarkMar 18, 2015Shell has reached agreement with Couche-Tard for the sale of its marketing operations in Denmark, comprising retail, commercial fleet, commercial fuels, aviation and connected trading & supply products businesses. The businesses will be managed by Statoil Fuel and Retail A/S, a wholly-owned indirect subsidiary of Couche-Tard.
Johan Sverdrup contract for power supply from shoreMar 17, 2015Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field.The contract value is around NOK 1.1 billion, and covers delivery of electrical equipment for a converter station by the Kårstø processing complex at Haugsneset in the municipality of Tysvær, and a power module on the riser platform at the Johan Sverdrup field centre.
Kollsnes contract awarded to Wood GroupMar 16, 2015On behalf of Gassco as Operator, Statoil has awarded Wood Group the feed contract for Kollsnes Electrical and Instrument (KOL E&I) FEED, including options for execution of Kvitebjørn Gas Pipeline (KGP). “The project is important to ensure the robustness of the Kollsnes processing plant in a long-term perspective. The contract has been awarded in a tough competition with other suppliers, and the contract is important especially during the future maturation of
ExxonMobil resumes drilling at Point ThomsonMar 13, 2015ExxonMobil has resumed drilling at Point Thomson on Alaska's North Slope as construction continues toward bringing the initial production system online.The Point Thomson field is a vital part of unlocking Alaska's North Slope gas resources,' said Jim Flood, ExxonMobil Development Company's arctic vice president.
BMT Group finalizes purchase of NavCon LtdaMar 12, 2015BMT Group Ltd has agreed to purchase Navegação e Controle Indústria e Comércio Ltda (NavCon). The company’s name has officially changed to BMT NavCon Ltda. Scientific Marine Services Ltda was previously a minority stakeholder in NavCon. This new agreement fully integrates NavCon into the BMT group of companies.
Optimus Seventh Generation develops new training program for drillingMar 11, 2015Aberdeen-based behavioural change consultancy, Optimus Seventh Generation, has reinforced its commitment to safety in the drilling industry, by announcing the launch of its new ‘Operationalising the Safety Case’ workshop.The workshop, designed for drill rig crew and leadership in the global drilling industry, has been developed to raise awareness of major hazardous accidents within the safety
N-Sea completes industry first subsea repair operationMar 10, 2015N-Sea has utilised the world’s first wet repair habitat to complete an in-situ subsea cable repair. The habitat was developed by Moyle Interconnector Ltd as part of the seabed repair project, with ESB International the owner’s engineer for the project. The habitat allows repairs to be implemented in-situ below sea level, as opposed to the conventional method of recovering the subsea cable prior to repair.
A challenging climate for oil spill responseMar 9, 2015The world of oil spill preparedness and response changed dramatically in 2010 following the events in the Gulf of Mexico, resulting in a global spotlight being placed on prevention and regulation. Industry responded with improved processes for... By Rob Cox
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