Subsea
Det norske Acquires Marathon Oil Norge for $2.7 Bln
Marathon Oil Corporation has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil’s wholly owned subsidiary, Marathon Oil Norge AS, for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and inter
Noreco to Plug and Abandon Verdande Well
Noreco is in the process of completing drilling of the Verdande well 6608/10-16 (PL484). Although hydrocarbon shows were found in two sections, the well will now be plugged and abandoned without further testing. The main target of the well was in the Middle Jurassic. Sandstones with hydrocarbon satu
Seadrill Bags ‘West Jupiter’ Drillship Contract from Total
Seadrill Limited has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria. The contract is for a firm period of 5 years and has a total revenue potential for the primar
EMGS to Use ‘Atlantic Guardian’ for Norwegian Sea 3D EM Survey
Electromagnetic Geoservices ASA has received a Letter of Award from Statoil Petroleum AS worth $5.3 million for 3D EM data acquisition in the Norwegian Sea. The Company expects to start the survey in September, using the vessel Atlantic Guardian. EMGS uses its proprietary electromagnetic technology
Centrica Starts Drilling at Butch South West
Faroe Petroleum, an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, has announced the spudding of the Centrica-operated Butch South West exploration well 8/10-6S (Faroe 15%). Butch South Wes
Statoil Given Final Permission to Drill Apollo Prospect
Norwegian authorities have rejected an appeal from Greenpeace, thereby giving Statoil final permission to begin exploration activities on the Apollo prospect in the Barents Sea. The appeal concerned the company’s discharge permit, and the decision from the Ministry of Climate and Environment states
Tullow Gets New Non-Executive Director
Tullow Oil plc (Tullow) has appointed Dr. Michael Daly as a non-executive Director with effect from 1 June 2014. Mike Daly joins Tullow with extensive oil & gas experience following a successful 28 year career at BP. Most recently, he was Executive Vice President Exploration, and a member of BP’s Gr
Dolphin Gets 3D Seismic Contract from Undisclosed Client
Dolphin has been awarded a new 3D seismic contract in Mediterranean for an undisclosed smaller independent oil company. The 3D seismic contract with duration of approximately 40 days, will be performed by the vessel Artemis Arctic during Q3 and early Q4 2014. Dolphin Group ASA is the parent company
Top News of the Week of May 26 – Jun 01, 2014
1. Harkand Charters ‘Surf Ranger’ Vessel HARKAND, a leading global name in subsea inspection, repair and maintenance and light construction, has extended its ROV support vessel fleet operations in the North Sea by signing a charter agreement for the Surf Ranger. 2. SMD Kicks Off Nautilus’ Collecting
Vroon’s ‘VOS Sweet’ Gets Crane Upgrade
Vroon Offshore Services Den Helder has reported that the crane of their subsea-support vessel ‘VOS Sweet’ has been upgraded. The new Fly Jib extends the capabilities and lifting height reach of ‘VOS Sweet’, a DP2/4PM subsea-support vessel. ‘VOS Sweet’ was built in 2012 in Fujian, China. It is a 60.2
SMD Supports Youngsters in Subsea Industry
Last week, foundation degree Student Jonny Dryden from Newcastle College came in to SMD to test his ROV in the test tank at our i19 ROV Centre Of Excellence facility. The test tank is used for testing and commissioning our work class ROV vehicles before delivery to customers. Dryden is studying to c
BMT to Showcase FVPM Solutions at Posidonia 2014
BMT SMART Ltd, a subsidiary of BMT Group Ltd, an international maritime design, engineering and risk management consultancy, will showcase its performance monitoring portfolio at Posidonia 2014 next week in Athens, Greece. The SMART suite of services works by collecting vessel performance data and p
PSA Norway Audits Total Norge’s Martin Linge FSO Management
On 23 and 24 April 2014, the Petroleum Safety Authority Norway carried out an audit of Total E&P Norge AS and the modification project for Martin Linge FSO. The objective of the audit was to monitor that Total, in partnership with the owner KNOT FSO 1 AS and engineering contractors, was complying wi
ConocoPhillips to Remove Accommodations from Ekofisk 2/4Q
ConocoPhillips has received consent for the removal and final disposal of accommodation and office modules at Ekofisk 2/4Q in development licence 018. Ekofisk 2/4Q is located in the Ekofisk complex and has operated as a combined accommodation and office module. The activity is scheduled to start in