IKM Subsea signs new long term contract with "K" Line Offshore
Sep 18, 2015
K Line Offshore and IKM Subsea have come to an agreement to extend the current ROV services contracts on KL Sandefjord and KL Saltfjord by 5 years until mid-2020. The contract value including options is 140 million NOK and duration term is firm for 5 years + 2 yearly options.“I am pleased to announce the news of this long term contract in these challenging times. We have had an excellent working relationship with K Line Offshore over the last 4 years and the fact that they are extending the contract by 5 years is a testament to the quality of service we have supplied.”

ExxonMobil begins oil production at Erha North Phase 2 project ahead of schedule
Sep 17, 2015
Exxon Mobil Corporation says that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria.The Erha North Phase 2 project is a deepwater subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the Erha field, which has been producing since 2006.

Wood Group pioneers five new JIPs
Sep 16, 2015
Wood Group is leading five new joint industry projects (JIPs) which will use the company’s extensive subsea experience to solve industry-wide challenges. These international projects, which will run between 2015 and 2018, will see Wood Group Kenny (WGK) work with several oil and gas operators, contractors and regulators to improve quality, safety and competence across the sector and achieve significant savings in design and unplanned intervention costs:

Hot-tap contract on Johan Sverdrup to IKM Ocean Design
Sep 15, 2015
An engineering, procurement and construction (EPC) contract for the Johan Sverdrup gooseneck spool and retrofit hot-tap tee has been awarded to IKM Ocean Design by Statoil on behalf of operator Gassco. Part of the gas export solution from the Johan Sverdrup field, the assignment will take about two years to complete. Work starts immediately. We’re pleased to award the contract to IKM Ocean Design,” says Svein Birger Thaule, executive vice president for asset management at Gassco.

Ocean Installer awarded first UFR (umbilicals, flowlines, risers) contract in Africa
Sep 14, 2015
Ocean Installer has been awarded a contract for deep water UFR (umbilicals, flowlines, risers) installation work with Total E&P Congo at the Moho Nord field off the coast of the Republic of Congo. The contract is Ocean Installer’s first major operation in West Africa following the creation of the Africa, Mediterranean and Middle East regional office in the second half of 2014.

Statoil signs contract for Johan Sverdrup drilling platform jacket
Sep 11, 2015
On behalf of the Johan Sverdrup partnership, Statoil is awarding a contract to Kværner Verdal for delivery of the steel jacket for the Johan Sverdrup drilling platform.The contract is an execution of the letter of intent signed by Statoil and Kværner for delivery of two jackets for Johan Sverdrup.“We are well pleased with getting Kværner on board on yet another complex steel jacket delivery for Johan Sverdrup.

North Sea industry anticipates £2 billion cost improvement by 2016
Sep 10, 2015
Oil & Gas UK's Economic Report published on 9 September 2015 reveals the impact of the challenging business environment on the offshore oil and gas industry and provides the first signs that the sector's efforts to restore international competitiveness are starting to take effect.

Fugro wins cable installation contract at Rampion Offshore Wind Farm
Sep 9, 2015
Fugro has secured a contract for the installation and burial of 122 array cables at the Rampion Offshore Wind Farm being built in the English Channel, 13 kilometres off the Sussex coast, by E.ON alongside partners, the UK Green Investment Bank plc.The engineering and planning will start immediately with installation being carried out in two phases in 2016 and 2017

Expro strengthens North Sea operations with $25m contract wins
Sep 8, 2015
Expro has strengthened its operations in the North Sea with $25m in contract wins secured in the UK and Norway, where it will officially open a new facility later this month. The company has been awarded a subsea contract for oil and gas producer, Wintershall Norway, in the Haltenbanken area of the Norwegian Continental Shelf (NCS). The five-year contract, for Wintershall’s Maria project, includes multi-well completions with two optional two-year extensions.

Rosneft agreed on sale of 15% in Vankorneft to ONGC Videsh
Sep 7, 2015
Rosneft and Indian ONGC Videsh Limited during the Eastern Economic Forum signed the agreement of sale and purchase of 15% in Vankorneft and shareholders agreement in regard of the enterprise management. The document was signed by the Chairman of Rosneft Management Board Igor Sechin and Managing Director of ONGC Videsh Limited Narendra Verma.

Tata Steel unveils new welded product range ahead of Offshore Europe
Sep 4, 2015
Tata Steel has successfully expanded on its revolutionary new range of welded linepipe it was revealed today. The announcement came as the company prepares to attend Offshore Europe, where it is also celebrating 21 years and one million tonnes of steel in the North Sea.

Second Culzean contract for Heerema Fabrication Group
Sep 3, 2015
Heerema Fabrication Group has been awarded the Engineering, Procurement & Construction contract of the Culzean jackets for both the central processing facilities platform and the utility & living quarter platform. The client is Maersk Oil North Sea UK Limited, operator of the Culzean field in the North Sea.

Subsea 7 awarded contract offshore UK
Sep 2, 2015
Subsea 7 S.A. announced the award of a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil with a value in excess of USD 150 million for the Culzean development. The ultra-high pressure, high temperature field, one of the largest gas discoveries offshore UK, is located in Block 22/25 of the Central North Sea at a water depth of approximately 90 metres.

Largest field discovered in UK North Sea for 10 years approved for development
Sep 1, 2015
The development of the largest new field discovered in the UK North Sea for a decade* has been approved by the UK Oil & Gas Authority. The Maersk Oil operated high pressure, high temperature (HPHT) Culzean field in the UK Central North Sea is expected to produce enough gas to meet 5% of total UK demand at peak production in 2020/21. Culzean is also the largest gas field sanctioned since East Brae in 1990.

GeoPark makes new light oil field discovery in Columbia
Aug 31, 2015
GeoPark Limited makes a new oil field discovery following the drilling of exploration well Chachalaca 1, located on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block.GeoPark drilled and completed the Chachalaca 1 exploratory well to a total depth of 12,270 feet. A test conducted with an electrical submersible pump in the Mirador formation, at approximately 11,606 feet, resulted in a production rate of

Total sells North Sea midstream assets for £585 million
Aug 28, 2015
Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for £585 million (around $905 million), subject to the customary approvals. “The sale of these midstream transportation assets is another example of Total’s strategy of active portfolio management and the strong potential to unlock value from a range of infrastructure assets,” said Patrick de La Chevardière, Chief Financial Officer at Total.

Sclumberger declares agreement to acquire Cameron
Aug 27, 2015
Schlumberger Limited and Cameron jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share.

Wood Group Intetech secures $1m worth of contracts
Aug 26, 2015
Wood Group Intetech (WGI) has been awarded USD $1 million worth of work in the form of 11 new contracts. The agreements span the Americas, Europe and the Middle East, and include the provision of well integrity software and consultancy services.WGI’s asset integrity solutions are improving project economics by substantially reducing OPEX related to well maintenance and workovers, and supporting safe production from mature assets. Dr Liane Smith, Managing Director of Wood Group Intetech, comments:

Seatronics sells 2G Robotics' ULS-200 underwater laser scanner
Aug 25, 2015
Seatronics, an Acteon company, has secured the first UK sale of 2G Robotics' ULS-200 underwater laser scanner. The system was purchased by HR Wallingford; a world-leading independent civil engineering and environmental hydraulics organisation, based in Oxfordshire. Adil Ali, product sales manager, Seatronics, said, “HR Wallingford is a leader in global hydrological research and purchased 2G Robotic’s ULS-200 system based on the impressive level of resolution and accuracy it delivers. Seatronics has an excellent track record of customer

Statoil's Johan Sverdrup development approved
Aug 24, 2015
The plan for development and operation (PDO) for Johan Sverdrup, phase one, was approved by the Ministry of Petroleum and Energy Thursday, 20 August. In addition the associated plans for installation and operation (PIO) for transportation pipelines and power supply from shore were approved.

DONG Energy divests transmission assets at West of Duddon Sands
Aug 21, 2015
West of Duddon Sands, a joint venture owned by DONG Energy (50%) and ScottishPower Renewables (50%) has signed an agreement for the sale of transmission assets to WoDS Transmission plc. WoDS Transmission plc is owned by a consortium comprising of Macquarie Corporate Holdings Pty Limited (50%) and 3i Infrastructure plc (50%).

CNOOC signs two production sharing contracts (PSCs) with Roc Oil
Aug 20, 2015
CNOOC Limited says that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Roc Oil (China) Company (ROC) for Blocks 16/07 and 03/33 in the South China Sea.The two blocks mentioned above are located in the Pearl River Mouth Basin in the South China Sea.

Aquatic awarded a multi-million pound Moho Nord subsea project contract
Aug 19, 2015
Aquatic Engineering and Construction Ltd, an Acteon company, has been awarded a multi-million pound contract on the $10 billion Moho Nord subsea project, off the coast of the Republic of Congo, West Africa. The contract was awarded by a UK-based subcontractor working for Total E&P Congo. Aquatic’s ten-month campaign portion will mobilise in October 2015.

Double contract win for Wood Group in Ca Rong Do
Aug 18, 2015
Wood Group has been awarded the front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam; estimated to contain around 67 million barrels of oil equivalent. Wood Group Kenny (WGK) will carry out comprehensive flow assurance studies and full FEED engineering of the subsea system and structures, risers, flowlines, and power and control umbilicals.