Omv News

This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract for the Transocean Barents will see it operate in the Black Sea, and jackup Shelf Drilling Perseverance will move to Vietnam.ContractsShelf Drilling has secured a contract award for the 400ft Shelf Drilling Perseverance jackup rig with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC).

Offshore seismic survey specialist Shearwater on Friday announced a new project with the Austrian oil firm OMV for a "pioneering" towed streamer survey with Ocean Bottom Nodes over the Berling gas and condensate discovery in the Norwegian Sea. Spanning 1040 sq.km, this hybrid survey starts in July 2023 and will last for three months. Shearwater's vessels, SW Tasman and Oceanic Vega, will lead the operations. SW Tasman will operate as an ROV node deployment vessel for first time…

Norway's offshore and maritime services provider OSM Maritime (OSM) has bought New Zealand’s oil and gas and offshore marine service firm Kingston Offshore Services. "The acquisition was completed on June 30th and aims to further strengthen OSM’s current operations and services in Oceania," OSM said.The company’s founder, Kurt Aldam will become part of OSM, in the organization that will be headed by OSM’s Oceania MD, Casey Munyard. "Both our existing and our potential customers will enjoy access to a large seafarer crew pool which is supported by a globally leading organization.

The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO, Matthias Warnig, add to pressure on the Baltic Sea project that was designed to double the gas flow capacity from Russia to Germany.Europe's most divisive energy project, Nord Stream 2 has not begun operations pending certification by Germany and the European Union.Germany on Tuesday halted the pipeline…

Austria is sticking with its opposition to including the Nord Stream 2 gas pipeline in a package of sanctions against Moscow that the European Union is preparing in the event Russia invades Ukraine, Foreign Minister Alexander Schallenberg said on Friday.Austrian oil company OMV is one of Russian gas giant Gazprom's partners in the pipeline project connecting Russia to Germany, which has been completed but is not yet operational as it is awaiting German and EU regulatory approval. Austria owns 31.5% of OMV and backs the project.U.S.

Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore Marine Ventures Sdn Bhd and Bumi Armada Ship Management Sdn Bhd, had approved via Special Resolutions at their respective Members’ meetings held on Thursday, December 30, 2021, for the two firms to be voluntarily wound-up. Arulendran Gunedran of RSM Corporate Advisory (Malaysia) Sdn Bhd has been appointed as the Liquidator for the purpose of such winding-up of the Subsidiaries.Offshore Marine Ventures was incorporated on July 22, 2005. OMV was principally involved in activities consisting of the provision of marine transportation and support services to the oil and gas industry.

The Nord Stream 2 pipeline, which is to transport Russian gas to Germany, could get approved in the middle of the year, the CEO of one of the project's financial backers told a newspaper.The pipeline, led by Russia's Gazprom, has been completed since September and is waiting for final certification by the German network agency, which has said that no decision would be taken in the first half of 2022.This has burdened diplomatic relations that are already strained by the risk of open conflict between Russia and Ukraine…

Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signaled on Friday.Deputy Prime Minister Alexander Novak said European companies that invested in the project, which is awaiting German and EU regulatory approval, would be able to ask for additional gas on top of their long-term contracts via the route."To my mind, European consumers are very interested in the project to start working, while the companies, which participate in it, they could have submitted additional requests as part of lo

Aker Solutions received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea.Wisting is a greenfield development located in the Barents Sea, about 310 km from the Norwegian mainland. Equinor is the operator of the field (35%), with partners OMV Norge AS (25%), Petoro AS (20%), Idemitsu Petroleum Norge AS (10%) and Lundin Energy Norway AS (10%).The intended FEED contract includes an option for engineering, procurement, construction and integration (EPCI) of the topside for the FPSO. The scope of the FEED is to provide front-end design- and engineering for a circular floating production…

Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, completing Moscow's project to increase its gas export capability and bypass Ukraine, but flows have yet to be cleared by regulators.The much-politicized pipeline will double Russia's gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine as a major route for its lucrative gas exports to Europe."The head of the management board…

Abu Dhabi National Oil Company (ADNOC) revealed Thursday that its shipping arm ADNOC Logistics & Services (ADNOC L&S) has added six very large crude carriers (VLCC) to its fleet as the UAE sate energy company expands production and moves further into trading.Two of the tankers were purchased from Norwegian owner Hunter Group in 2020, delivered in December and are already operating, and one was purchased this week and will be joining the UAE shipowner's fleet shortly. The other three ships (plus options) are newbuilds scheduled for delivery from South Korea's Daewoo Shipbuilding & Marine Engineering in 2022 and 2023."Given recent market conditions, we were able to purchase both existing and newbuild vessels at competitive prices," said Capt. Abdulkareem Al Masabi, CEO, ADNOC L&S.

The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington.Construction of the link, which would double the capacity of the existing Nord Stream pipeline to 110 billion cubic meters of gas per year, was suspended in December 2019 due to the threat of sanctions from Washington.However the German government has stood by the project and late in December a vessel called the Fortuna…

Russian pipe-laying and other vessels are heading to Nord Stream 2 pipeline construction sites in the Baltic Sea, ship tracking data showed on Friday, amid U.S. pressure to scrap the project that aims to pump more Russian gas to Europe.Work on Nord Stream 2 pipeline, which will land in Germany, was suspended in December 2019 when Swiss-Dutch company Allseas halted pipe laying because of U.S. threats to impose sanctions.Work resumed for a brief period last month on a 2.6-km (1.6-mile) stretch in German waters. A Danish regulator said construction would restart in Danish waters from mid-January, with Russian pipe-laying vessel Fortuna, which had worked in the German zone.Refinitiv Eikon data showed Fortuna was in the region of the German-Danish maritime border.

The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline to take Russian natural gas to Europe, as the Trump administration sought to raise pressure on the project on its last full day in office.The U.S. Treasury Department said it imposed the sanctions on the Russian pipe-laying ship "Fortuna" and its owner, KVT-RUS, under the Countering America's Adversaries Through Sanctions Act (CAATSA).Nord Stream 2, designed to double the capacity of the existing Nord Stream undersea gas pipeline, would take gas to Europe via Germany, bypassing Ukraine, which would deprive Kiev of lucrative transit fees.The project is a rising point of contention between Moscow and Washington.

The United States has informed Germany that it plans to impose sanctions on a Russian pipe-laying ship involved in construction of the Russian-led Nord Stream 2 gas pipeline from Russia to Germany, the German Economy Ministry said on Monday."We're taking note of the announcement with regret," an Economy Ministry spokesman in Berlin said.German business daily Handelsblatt had earlier reported the U.S. sanctions would go into effect on Tuesday as part of the Countering America's Adversaries Through Sanctions Act (CAATSA).It said the sanctions would be imposed on the Russian pipe-laying ship "Fortuna" and its owner, KVT-RUS.Nord Stream 2, designed to double the capacity of the existing Nord Stream undersea gas pipeline, would bypass Ukraine, depriving it of lucrative transit fees.

The Russia-led Nord Stream 2 consortium said on Thursday that work to lay its subsea gas pipeline to Germany would resume in Danish waters on Jan. 15, the TASS news agency reported, despite pressure from the United States for construction to stop.Russia said on Wednesday it was confident of completing the project, although two sources said the U.S. State Department had this month told European companies suspected of helping to build the pipeline that they faced possible sanctions.Nord Stream 2 has not responded to a [Reuters] request for comment.A Danish maritime regulator said last month construction work would resume in Danish waters in mid-January…

The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 2.6 kilometer-long portion of the pipeline, which had been stalled by the threat of U.S. sanctions."We have completed this work," the consortium said in an emailed statement, referring to the pipe-laying in the German economic zone.Earlier on Monday, Refinitiv Eikon data showed the Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in Germany's section of the Baltic Sea.The Fortuna earlier this month resumed work on the pipeline, which will pump gas directly from Russia to western Europe, bypassing Ukraine.

The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may have been completed.Fortuna was now heading for the north German port of Wismar, the data showed.The Fortuna earlier this month resumed work on the pipeline, which will pump gas directly from Russia to western Europe, bypassing Ukraine. Work had been suspended for a year due to the risks of sanctions from the United States.Nord Stream-2 did not respond to a request for comment on Monday on the latest developments.The pipeline…

The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat of sanctions from the United States, according to a Danish maritime regulator.Nord Stream 2, designed to double capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany, has become a bone of contention between Moscow and Washington, with the United States seeking to cut Europe's reliance on Russian energy.The United States also plans to increase sales of its own sea-borne liquefied natural gas (LNG) to Europe.The Danish Maritime Authority has issued notification of pipe-laying works for the Nord Stream 2 gas pipeline on the Baltic Sea bed from Jan.

Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.An alleged nerve agent attack on Kremlin critic Alexei Navalny in August was the latest political controversy to hit the nearly-completed Nord Stream 2 gas pipeline, as Germany debates whether to halt the project as part of potential sanctions against Russia.Led by Russia's Gazprom with Western partners…

Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.The pipeline, which Washington says compromises European energy security, has become a flashpoint in relations between Russia and the West that have sunk to post-Cold War lows. The Kremlin has called the sanctions "unfair competition".Swiss-Dutch company Allseas suspended the laying of pipes in December 2019 following the threat of sanctions from Washington, leaving Russia to utilize its own resources to construct the 1,230 kilometers (km) pipeline…

A Russian pipe-laying vessel, Fortuna, has arrived at the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea, Refinitiv Eikon data showed on Friday, with work on the project set to resume.There are also several procurement vessels near the site, according to the data.The Akademik Cherskiy, another, more modern pipe-laying vessel which had arrived at the site north of the German and Polish coasts last week, has since moved away and is now drifting near the Russian port of Kaliningrad.Nord Stream 2 has repeatedly declined to comment on which vessel will lay the pipes and when exactly works to construct the pipeline, which will run from Russia to Europe across the Baltic Sea…

Russian pipe-laying vessel Akademik Cherskiy stopped on Saturday near the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea, Refinitiv Eikon data showed on Saturday.The consortium led by Gazprom building the 1,230 kilometers (km) pipeline said last month that work would resume after it was suspended a year ago when U.S. sanctions targeted companies involved in the construction.The U.S. ambassador to Berlin called on the German government and the European Union to put a temporary halt to construction work on the pipeline to send a signal to Moscow.Washington says the pipeline, which has become a flashpoint in relations between Russia and the West that have sunk to post-Cold War lows…