Chevron North Sea News

Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy."Delek Group, received a signed offer from an international trading company to make an equity investment in Ithaca’s parent company through the purchase of USD 100 million in preferred shares of Ithaca’s parent company," said a stock exchange filing.The preferred shares carry a guaranteed dividend yield, and will automatically convert to approximately 4% of common shares at the time of Delek Group's initial public share offering, reflecting an equity value of USD 2.5 Billion for Ithaca Energy (pre money).In addition…

Bluewater Energy Services B.V. informs it was awarded a contract from shipbuilder Hyundai Heavy Industries (HHI) for the engineering, procurement, construction and integration (EPCI) of a turret and mooring system for a floating production, storage and offloading (FPSO) vessel to be part of the Chevron-operated Rosebank project on the edge of the U.K. continental shelf. At about 80 meters in height, with a process manifold/turntable of about 34 meter in diameter, the turret and mooring system will be among the largest ever designed and built, Bluewater said.

Bibby Ship Management announced it has secured two new contracts in the offshore oil and gas sector. Bibby Ship Management Singapore has been appointed as the technical and crewing managers for the OSX 2, an FPSO vessel, working in conjunction with overall project managers Tecnomar & Associates. The office has also secured a contract with Global Samson to take over the management of two Platform Supply Vessels, the newbuild Ocean Turquoise 1 and another vessel which is currently being finalized.

Hyundai Heavy Industries (HHI) to build a US$ 1.9-billion order Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd. Hyundai Heavy is to carry out engineering, procurement, and construction for the floating offshore facility to be deployed in the Rosebank oil & gas field, 175 km northwest of the Shetland Islands. The 99,750-tonne turret moored FPSO is scheduled to be handed over by the end of November 2016. It will be able to produce 100,000 barrels of oil and 190 million standard cubic feet of natural gas per day.

Chevron Corporation announce that its U.K. subsidiary has entered front-end engineering and design (FEED) on the Rosebank oil and gas project in the West of Shetland region. The Chevron-operated Rosebank project is located approximately 80 miles (130 kilometers) northwest of the Shetland Islands, in water depths of approximately 3,700 feet (1,100 meters). The project will include a floating production, storage and offloading vessel, production and water injection wells, subsea facilities, and a gas export pipeline. “Rosebank is an important project for Chevron and the West of Shetland region, which holds a significant portion of the U.K.’s undeveloped oil and gas resources,” said Brenda Dulaney, managing director, Chevron Upstream Europe.

Stork Technical Services won the ‘Associate Member’ prize at this year’s IADC North Sea Chapter (NSC) Annual Safety Awards. The award recognises an Associate members’ safety achievements over the past year which can include launching schemes to improve safety performance, technical or operational innovations which reduce risk or any notable safety achievements. The presentation, in front of more than 400 industry leaders and guests, was made by Jon L Richards, Chairman IADC North Sea Chapter, at the ceremony on 11 May at the Aberdeen Exhibition and Conference Centre.

RBG, a provider of assess, inspect and repair (AIR) services for the global energy industry, has been awarded a three year contract  to provide Chevron North Sea Limited with global QA/QC (quality assurance/quality control) inspection services. RBG provided similar inspection services to Chevron since 2002. The contract involves the provision of both full-time and ad-hoc quality personnel, including principal and senior QA/QC inspectors, which deliver expert third party vendor inspection services for Chevron onshore and offshore, across the UK, Continental Europe, Americas and Asia-Pacific. The RBG team will support new build works and servicing of equipment for Chevron’s drilling…

Cosalt Offshore, a provider of lifting, tooling and marine services to the oil and gas industry, has invested more than $1.4m in developing its lifeboat division to underpin future expansion plans. The division is adjacent to Cosalt Offshore’s Bridge of Don premises and includes 3,000 sq ft of dedicated workshops, a service centre and store rooms, along with a one-acre yard. Along with the significant expenditure on infrastructure, Cosalt Offshore has also expanded the product…

RBG, provider of fabric maintenance and construction support to the global energy industry, will deliver its innovative electrical rope access services as part of a new three-year contract with Chevron North Sea. Working on the Alba, Captain and Erskine platforms located in the UKCS, RBG will carry out vital electrical inspection and upgrades across the platforms. As the only electrical contractor with an in-house rope access capability, the company can deliver electrical technicians to all those places that require scaffold, but using rope access techniques instead. The contract, worth a total of $1.7m, will also use level three trained rope access technicians for all safety supervision.