Oil And Gas Field News

22 Apr 2019

GDI in Drilling Services Contract with NOC

Image: North Oil Company

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.The Al Shaheen Oil Field is a production oil and gas field off the north east coast of Qatar in the Persian Gulf, 80 kilometres north of Doha.The subsidiary of Gulf International Services (GIS) said in a press release that the signing ceremony was attended by GDI’s Chief Executive officer William Ceppi and NOC’s Chief Executive Officer Jacques Azibert.

27 Feb 2018

Subsea 7 Bags Offshore Norway Deal

Courtesy Subsea 7

Subsea 7 S.A. announced the award of a  contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North Sea, 16 kmfrom the Gjøa field, in a water depth of approximately 360m. The Nova field development is a subsea tie-back to the existing Gjøa semi-submersible production facility. The contract award comprises the Engineering Procurement Construction Installation (EPCI) delivery of the pipeline and riser systems, and the transport and installation of subsea production systems and umbilical system.

09 Feb 2018

Aker Enters Offshore Floating Wind Market

Photo: Principle Power

Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power's technology - an innovative floating foundation for offshore wind turbines, known as WindFloat - to a broader market.

01 Jan 2018

Tanker Collided with Oil Rig in North Sea

Image: Essberger

The tanker Elsa Essberger collided with unmanned oil rig Q1 with is no longer in use, at around 1820 UTC Dec 31 in North sea some 20 nm southwest of Den Helder, Netherlands. The platform Q1 Halfway is not in use and according to the Coast Guard there were no people at the time of the collision. The plant built there in 1995 is part of an oil and gas field in the Dutch part of the North Sea off Den Helder. In the collision the bow of the Elsa Essberger was damaged, but the cargo tanks remained completely intact, so there is no danger of outflow or leakage of the cargo.

29 Sep 2016

NYK Buys Stake in EMAS Chiyoda Subsea

(Photo: EMAS Chiyoda Subsea Limited)

NYK has acquired a 25 percent share of EMAS Chiyoda Subsea Limited (ECS), based on an agreement signed on June 10 with Ezra Holdings Limited (Ezra) and the Chiyoda Corporation (Chiyoda). ECS is a global player in the engineering, procurement, construction, and installation (EPCI) of subsea facilities — essential components in offshore oil and gas field development. After this acquisition, ECS’s shareholding structure will shift to Ezra 40 percent, Chiyoda 35 percent, and NYK 25 percent.

26 Sep 2016

The Hague to Arbitrate East Timor-Australia Maritime Dispute

The Permanent Court of Arbitration in the Hague will oversee a compulsory arbitration between East Timor and Australia on their maritime boundary, it said on Monday, rejecting Australian objections. East Timor asked for the process which could decide on which side of the border lies a large oil and gas field over which the two countries have a revenue-sharing agreement. The island nation said Australian espionage on its diplomats rendered recent agreements between them flawed. Australia has resisted negotiating a permanent border until 2056 at the earliest. The conciliation process will take place behind closed doors over the next year, the court said. (Reporting by Toby Sterling

11 Jul 2016

Malaysian Yard in Troubled Waters

Pic: THHeavy Engineering Berhad

Malaysian shipyard TH Heavy Engineering (THHE) has been served with three winding-up petitions over an alleged debt of around $9.52million in total, for the supply of equipment and work done on the Layang floating, production, storage and offloading (FPSO) vessel. THHE said that the first petition was placed by MIB Italiana on Monday for a sum of around $1.3 million for the supply and installment of quick release hook & mooring hawser for the FPSO. The second petition was also…

13 Jun 2016

NYK to Buy Into Emas Chiyoda

From left:  Shogo Shibuya, President & CEO of Chiyoda Corporation, Lionel Lee, Group CEO & Managing Director of Ezra and Tadaaki Naito, president of NYK. Photo by NYK Line.

Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp. NYK has reached an agreement with Ezra Holdings Limited (Ezra) and Chiyoda Corporation (Chiyoda) to acquire a 25 percent share of EMAS Chiyoda Subsea Limited (ECS). After NYK’s participation, the shareholding structure of ECS will change to Ezra 40%, Chiyoda 35%, and NYK 25%. ECS is a global player in the engineering…

17 Dec 2015

Arctech Lays Keel for Icebreaking Offshore Vessel

NB 511-514 Icebreaking offshore vessels Courtesy Arctech

Construction on the hull of an icebreaking multipurpose supply vessel for Sovcomflot began today at the Arctech Helsinki shipyard with a keel laying ceremony. The vessel is the first in a series of four icebreaking sister ships ordered by Sovcomflot, Russia’s largest shipping company. The vessel’s first block, which weighs 221 tons, was placed in the building dock, signaling the starting point of the hull assembly. The vessel, which will measure 100 meters in length and 21 meters in breadth…

07 Aug 2015

US Adds Russian Oil Field to Sanctions List

The United States has added a Russian oil and gas field, the Yuzhno-Kirinskoye Field, to its list of energy sector sanctions prompted by Moscow's actions in Ukraine, drawing a prompt rebuke from the Kremlin on Friday. The federal government said on Thursday the field, located in the Sea of Okhotsk of the Siberian coast and owned by Russia's leading gas producer Gazprom, contains substantial reserves of oil in addition to reserves of gas. "The Yuzhno-Kirinskoye Field is being added to the Entity List because it is reported to contain substantial reserves of oil," according to a rule notice in the Federal Register. A Kremlin spokesman criticized the move. "Unfortunately, (this decision) further damages our bilateral relations," spokesman Dmitry Peskov told reporters.

15 Jul 2015

Aker Solutions Revenue Steady

Logo

EBITDA margin ex. EBIT margin ex. Aker Solutions' revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects from Africa to Norway and Brazil. Earnings before interest and taxes (EBIT) were NOK 376 million, compared with NOK 472 million a year earlier. Aker Solutions secured NOK 3.4 billion in orders in the quarter, including a key maintenance, modifications and operations contract from ExxonMobil for engineering, procurement, construction and maintenance services at the Hebron oilfield offshore Canada.

30 Jun 2015

Teekay Sells FPSO, Announces Dividend Boost

Photo: Teekay

Teekay Corporation announced today that its board of directors has declared a cash dividend on its common stock of $0.55 per share for the quarter ended June 30, 2015, an increase of approximately 75 percent over the previous cash dividend of $0.31625 per share. The cash dividend is payable on July 31, 2015 to all shareholders of record as at July 17, 2015. Teekay also announced today that it will complete the sale of the Petrojarl Knarr (Knarr) floating production, storage and offloading (FPSO) unit to Teekay Offshore Partners L.P.

08 Jun 2015

Kvaerner, KBR JV wins Johan Sverdrup Deal

Illustration of the Johan Sverdrup utility and living quarter platform. You can download a larger version from the link in the right-hand column.

Kvaerner in a joint venture with KBR has signed a contract with Statoil for the complete delivery of the platform topside to the Johan Sverdrup field development. The agreement to deliver the deck for the utility and living quarter (ULQ) platform comes after a tough international competition, where Kvaerner-KBR presented the best overall bid. The agreement has an estimated total value for the Kvaerner- KBR partnership of approximately NOK 6.7 billion. The ULQ-platform is one of…

01 May 2015

Gazprom Building up Resource Base

Geological exploration in Krasnoyarsk Territory

In 2014 Gazprom Group (excluding Gazprom Neft) performed exploratory drilling of above 125,000 m of rocks, constructed 32 prospecting and exploratory (7 and 25 accordingly) wells. Over six thousand linear kilometers of 2D seismic profiles were processed, 3D seismic survey covered in excess of 11 thousand square kilometers. In the Russian Federation, prospecting drilling was performed across an area of more than 112 thousand meters of rocks. 30 prospecting and exploratory (24 exploratory and 6 prospecting) wells were constructed.

11 Mar 2015

Total Puts Prime North Sea Field on the Block

French oil major Total is selling its stake in the North Sea Laggan-Tormore oil and gas field as it seeks to shed assets after a steep fall in the oil price, banking sources said. Total is hoping to get up to $1.5 billion for its 80 percent operating stake in the field, located approximately 125 km north-west of the Shetland Islands in Britain's North Sea, the sources said. The company aims to complete the deal in June, according to the banking sources. Many oil companies are trying to sell assets in the ageing and high-cost North Sea oil province. However, the Laggan-Tormore is considered a high-quality asset as it is planned to start production at the end of this year.

05 Mar 2015

Wintershall Takes Over Operatorship of Norwegian Subsea Oil and Gas Field

  Photo courtesy of Wintershall

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today. Vega is the BASF subsidiary’s first operated subsea tie-in field in Norway. With this transfer, Germany-based Wintershall now operates two production fields on the Norwegian Continental Shelf, Brage and Vega. The takeover of the Vega operatorship is part of a transaction with Statoil that was completed in December 2014. Winteshall is currently producing more than 60,000 barrels of oil equivalent per day in Norway.

16 Dec 2014

Chevron Awards North Sea Expansion Contracts

Chevron awarded front end engineering and design contracts for the expansion of its Captain oil and gas field in the North Sea to British suppliers Wood Group and Amec Foster Wheeler, it said on Tuesday. The offshore field, located around 68 miles (109 kilometres)north of Aberdeen, in 2013 produced around 25,000 barrels of oil and 3 million cubic feet of natural gas per day. The planned work aims to increase the field's output using polymer injection technology, Chevron said in a statement. Wood Group was awarded a contract for the subsea engineering of the trees, wellheads, controls and the polymer injection flowlines to the subsea injection wells.

26 Nov 2014

Production Begins on Sovcomflot’s New MPSV

The production of the icebreaking multipurpose supply vessel for Sovcomflot was started with steel cutting on November 26, 2014. The ceremony took place at Vyborg Shipyard, where the blocks of the vessel are produced. The production start was attended by representatives from Sovcomflot, United Shipbuilding Corporation, Russian Maritime Register of Shipping, Vyborg Shipyard and Arctech Helsinki Shipyard. The design, hull assembly, outfitting and commissioning of the vessel will be done by Arctech Helsinki Shipyard. The main purpose of the vessel is to serve Sakhalin-2 region energy production sites by transporting supplies and people between land bases and the production platforms in the harsh climatic areas of the Sea of Okhotsk.

15 Nov 2014

Modules for Petrobras' FPSO delivered

The "Consórcio Tomé Ferrostaal" (CTF) named consortium of Rheinmetall International Engineering, a joint venture of Ferrostaal and Rheinmetall, and the Brazilian company Tomé Engenharia have handed over two modules for the first of a series of six vessels to an international consortium led by Petrobras. "CTF" was awarded in 2012 the modules order to equip six FPSO (Floating, Production, Storage and Offloading) vessels. At the end of October, the Barge S. Tomé loaded with the Modules M8 and M10 was handed over to the integrator and successfully shipped away to its final integration destination in Angra dos Reis. The total order is worth today approx.

03 Nov 2014

Fairmount Tugs Delivers FPSO Petrojarl Knarr

Fairmount Marine is part of Royal Boskalis Westminster.

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest floating production and storage units (FPSO) for harsh environments, was delivered in the port of Haugesund, Norway, September 16th 2014. The entire voyage was under command of lead tug master Kees de Graaff on board of the leading tug Fairmount Sherpa. The newly delivered FPSO Petrojarl Knarr is 256.4 meters long and 48 meters wide with a dwt of 135,000 tons.

28 Oct 2014

M3nergy Berhad Unveil Latest FPSO Vessel

Y.A.B Datuk Seri Panglima Musa Haji Aman, Chief Minister of Sabah and Y.A.B Datin Seri Panglima Datuk Hajjah Faridah Haji Tussin, wife of Chief Minister of Sabah with the distinguished guests on the launch of M3nergy Berhad's latest FPSO vessel -- Ratu Nusantara.

M3nergy Berhad celebrated the completion of their latest FPSO vessel, Ratu Nusantara, at a launch ceremony at the Keppel Shipyard in Singapore. Under the auspices of SKK Migas and PC Ketapang II Ltd (PCK2L), the newly named vessel will embark on its inaugural voyage for the Bukit Tua oil and gas field in Indonesia operated by PETRONAS. Ratu Nusantara, a converted FPSO, has been constructed from a 1994-built Aframax tanker, 'Scorpius' which was meted out in the last quarter of 2013.

19 Sep 2014

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest floating production and storage units (FPSO) for harsh environments, was delivered in the port of Haugesund, Norway, September 16th 2014. The entire voyage was under command of lead tug master Kees de Graaff on board of the leading tug Fairmount Sherpa. The newly delivered FPSO Petrojarl Knarr is 256.4 meters long and 48 meters wide with a dwt of 135,000 tons.

11 Aug 2014

Sovcomflot Orders 3 Icebreaking Vessels from Arctech

Three Icebreaking Stand-by vessels for Sovcomflot

Arctech Helsinki Shipyard signed a contract for building of three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot. Vessels will be built for the North East Sakhalin Offshore region oil and gas field where they will serve the operator of Sakhalin-2, Sakhalin Energy Investment Company Ltd. (SEIC). The contract was made in May 2014 and the total value of the order is about USD 380 million. Designing of the icebreaking stand-by vessels will start immediately and the vessels will be delivered between September 2016 and March 2017.

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