Shearwater GeoServices Bags Equinor Contract
Norwegian offshore survey specialist Shearwater GeoServices has been awarded three 4D seismic surveys by Equinor to be conducted this summer.The Geoservices company said in a press release that the projects confirm Shearwater’s Isometrix crews will be active in 2019, on 4D projects in the North Sea and Barents Sea. Together with the recent announcement of 3 OBS 4Ds this brings Shearwater’s announced 2019 4D awards to 6 projects, confirming its market leading position in 4D.Equinor has awarded Shearwater a multi-project contract…
Global Decommissioning Set for Record Levels in 3 Years
With the global offshore decommissioning industry expected to reach $36bn over the next 3 years, several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.As a consequence, so-called decommissioning obligations in the global oil and gas industry rose to $11.7 billion last year and are projected to hold steady at an average of about $12 billion per year from 2019 through 2021, according to Rystad Energy.“2018 was an all-time high, and the next years are set to break this record,” said Rystad Energy partner Audun Martinsen.
Goliat Supply Vessel Connected to Shore Power
Vår Energi (formerly Eni Norge) and Norwegian shipowner Simon Møkster Shipping have completed the first phase of hybrid power conversion of the Stril Barents vessel, currently working as a supply vessel on the Goliat field in the Barents Sea offshore Norway.Stril Barents is a supply vessel for the Goliat platform in the Barents Sea, one of the oil fields on the Norwegian shelf with the lowest CO2 emissions."Through efficient and good cooperation, the first phase has been completed. The shore power connection has been tested and is now operational.
Ocean Installer Clinches Johan Castberg Deal
Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the floating production storage and offloading unit (FPSO) mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea.Johan Castberg is one of the largest subsea field developments on the Norwegian continental shelf. The project includes Skrugard, Havis and Drivis, which lies about 240 kilometers from Hammerfest and about 100 kilometers north of Snøhvit.The water depth is between 360 and 405 meters.
AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.
ESVAGT Eyes Arctic Opportunities
Offshore vessel owner ESVAGT says it has set its sights on growth opportunities in Arctic regions where an uptick in oil and gas production is expected in coming years. In the Barents Sea, for example, the Norwegian Petroleum Directorate as recently as 2017 updated its evaluation of the area’s oil and gas reserves to over 17 billion barrels, a doubling compared to prior estimates.ESVAGT says it possesses the particular skillset and assets required for operations in the Arctic."It is on many levels challenging to work in the Arctic regions…
Equinor Energy Strikes Gas in Barents Sea
Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion.The discovery’s profitability is currently unclear, said a statement from the Norwegian Petroleum Directorate (NPD)."Equinor Energy AS has completed the drilling of wildcat well about 15 kilometres northwest of discovery well (Atlantis) and 370 kilometres north of Hammerfest.
Johan Castberg Topside Construction Begins
Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale project triggering ripple effects throughout Norway.The topside will be installed on the 200-meter long FPSO vessel that will be producing on the Johan-Castberg field for 30 years from the planned production start in 2022.The field development concept includes a FPSO vessel and extensive subsea development…
Lundin Petroleum Says Arctic Oil Test Points to Bigger Reservoir
Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms, but Alta is among the exceptions along with ENI's Goliat field and Equinor's Johan Castberg discovery.Lundin and its partners are considering developing the discovery as a subsea field connected to a floating production and storage vessel…
Bristow Commences New Contract in Barents Sea
Bristow Norway AS is commencing a previously announced five-year contract today (September 1, 2018), from its Hammerfest base. Bristow will provide helicopter offshore crew change services and search and rescue (SAR) services to support Eni Norway and Equinor."We are very proud of the recognition we have received in securing this work in the Barents Sea," said Area Manager Norway Heidi Wulff Heimark. "This confirms that the work our employees do every day brings results. The contract…
Alcatel Submarine Networks Bags Contract from Equinor
Digital technology developed in Norway will help improve recovery from the Johan Castberg field in the Barents Sea.Equinor has awarded Alcatel Submarine Networks a contract for permanent reservoir monitoring (PRM), which in turn has signed a letter of intent with Nexans Norway AS for delivery of subsea cable.“PRM is a central element of the digital strategy for Johan Castberg and will be an important tool in improving the Johan Castberg recovery rate,” says Johan Castberg project director Knut Gjertsen.The technology is developed in Norway…
Kongsberg to help outfit Awilco Rig
Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC. The contract is valued at around $18 million. Based on the Moss Maritime CS60 ECO MW design, Awilco Drilling’s new rig is designed for harsh environment use, and will be equipped and certified for drilling on the Norwegian Continental Shelf…
Russian Arctic LNG Debuts on NSR to Asia
A landmark Russian Arctic liquefied natural gas (LNG) shipment has begun its journey through the Northern Sea Route (NSR) to Asia, marking the delayed start of summer navigation as thawing sea ice clears a short-cut to the world's biggest LNG market. The $27 billion Yamal LNG plant developed by Russia's Novatek and France's Total despite U.S. sanctions started exporting in December, but cargoes ferried on ice-class LNG tankers have sailed to Europe. From there, Yamal's LNG was…
Oil Exploration Is Ramping Up Off Norway
Oil firms are expected to drill 40-50 exploration wells off Norway this year compared to 36 wells drilled the previous year, the Norwegian Petroleum Directorate said on Thursday.The Norwegian continental shelf still held an estimated 4 billion cubic meters (25.2 billion barrels) of oil equivalents in undiscovered petroleum resources, with two-thirds located in the Arctic Barents Sea, it added.Half of estimated undiscovered resources in the Barents Sea, however, are located north of the areas opened for petroleum activities, and it's unclear when oil firms can get access to them.(Reporting by N
Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north," Oil and Energy Minister Terje Soeviknes said in a statement.Equinor…
GONDAN Bags Stern Trawler Build Contract
Norwegian fishery and fish farm owner Prestfjord AS has chosen Asturian shipyard GONDAN for the construction of a complex and advanced stern trawler.GONDAN will build an advanced stern trawler for Prestfjord AS, for whom the shipyard had already delivered another technologically advanced freezing stern trawler, Sunderøy.This new vessel, designed by Rolls Royce Marine - in charge also of supplying the main equipment - will have a length of 77.3 m and a beam of 17 m. Built in steel with aluminum superstructure…
AET Secures DP2 Shuttle Tankers with Petrobras
Petroleum tanker owner and operator AET announced the extension of partnership in the DP2 shuttle tanker sector with Petróleo Brasileiro S.A.(Petrobras), the Brazilian multinational petroleum corporation. "Recently we were awarded a contract to own and operate four specialist DP2 Suezmax Shuttle Tankers on long-term charter by Petrobras. These new vessels will be in addition to the two AET DP2 ships currently on charter in the Brazilian Basin for Petrobras," said a press release from the company.
Norway Launches New Licensing Round in Mature Offshore Areas
Norway will hold a new licensing round for its offshore oil and gas fields in already opened areas, further expanding the exploration acreage available to energy firms, the oil ministry said on Wednesday.Areas in the North Sea, the Norwegian Sea and the Barents Sea will be offered to oil companies, who have until September to submit their applications. The ministry plans to award licenses at the beginning of 2019, it said."Access to prospective exploration acreage is crucial in order to make new petroleum discoveries.
Eni has no plans to pull out of Rosneft deal after sanctions
Italian oil major Eni has no plans to pull out of its joint venture with Russia's Rosneft despite escalating sanctions against Russia, the head of Eni said on Wednesday."We certainly have not pulled out, we're working with them," CEO Claudio Descalzi said on the sidelines of a conference.Eni, one of Europe's biggest importers of Russian gas, extended a cooperation agreement with Rosneft last year to explore the Russian Barents Sea and the Black Sea, and to consider further opportunities together.But after the United States imposed major new sanctions against Russia earlier this month, speculat
Fire in Sauna Shuts World's Northernmost Oilfield
The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said. The Arctic Goliat field is in the Barents Sea about 88 kilometers off the coast of Norway and inside the Arctic Circle. The platform has floating production, storage and offloading facilities and can produce close to 100,000 barrels of crude per day. The fire was quickly put out, and no crew members were injured, although some smoke did develop, Eni said.
Near Record Low Arctic Ocean Ice a Boost for Shipping
Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists said on Friday. The extent of floating ice likely reached an annual maximum of 14.5 million square kilometers (5.6 million square miles) on March 17, fractionally bigger than a record set in 2017, the U.S. National Snow and Ice Data Center (NSIDC) said. Sea ice around the North Pole freezes to its biggest at the end of the winter in March…
Keppel Bags Awilco's Semi-submersible Rig Order
Following the Letter of Intent signed by Keppel Offshore & Marine Ltd through its wholly-owned subsidiary, Keppel FELS Limited, with Awilco Drilling PLC, Keppel has secured the contract to construct a mid-water semisubmersible (semi) drilling rig for harsh environment use worth about $425 million. As part of the transaction, Awilco has independent options to order up to another three similar rigs to be exercised within 12, 24 and 36 months respectively. The prices of the three…
West Phoenix to Drill in UK and Norway
Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the U.K. and Norwegian continental shelves from the summer of 2018. The contract is awarded to the two Seadrill companies North Atlantic Drilling UK Ltd. and North Atlantic Norway Ltd. The semi-submersible rig West Phoenix will first drill an exploration well for the Ragnfrid North license on the Norwegian Continental Shelf (NCS), followed by three wells on the U.K. Continental Shelf (UKCS). The rig has been approved by authorities for use both on the NCS and UKCS.