Statoil and Total have completed their previously announced transaction whereby Statoil has acquired Total’s equity stakes in, and taken over the operatorships of, the Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.
CGG has commenced acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VIII is the most recent survey in CGG’s vast on-going pre-salt program that delivers ultramodern seismic data, enabling exploration companies to better evaluate pre-salt opportunities in advance of Brazil’s pre-salt licensing rounds.
Jumbo recently made a formal investment decision to appoint Huisman Equipment BV for the provision of the design and construction of two offshore mast cranes for their new DP2 Heavy Lift Crane Vessel (HLCV) to be delivered in the first quarter of 2020.
Prysmian Group, a world leader in the energy and telecom cable systems industry, announces an investment in excess of €170 million in a new cutting-edge cable laying vessel. This strategic asset will bolster Prysmian’s turnkey approach, under which it delivers end-to-end EPCI projects, from engineering, manufacturing and installation to full monitoring and diagnostic services.
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Damen Shipyards Group has recently unveiled a Water Injection Dredger (WID), courtesy of a plug & play system aboard a Damen Multi Cat. Such capabilities are typically found only on dedicated platforms, though Damen realized that the Multi Cat’s forward propulsion and maneuverability made it a suitable platform for this type of dredging.
Beginning April 1, the Bureau of Safety and Environmental Enforcement (BSEE) is increasing physical inspection time offshore, while reducing taxpayer burden by nearly $20 million over 3.5 years, providing significant cost-savings to the American public. Exploring ways to make inspections more efficient and reduce helicopter operating expenses, a team of BSEE leaders in the Gulf of Mexico Region developed the new approach.
Eni and Sonangol have started oil production from the Ochigufu project, in Block 15/06 of Angola’s deep offshore. The field will add 25,000 barrels to the current production levels.
UK and Netherlands-based subsea provider N-Sea is part-way through a multi-million-pound unexploded ordnance (UXO) clearance campaign for ScottishPower Renewables.
Fara Holdco Limited (“Fara”), owners of the Bibby Offshore group of companies (“Bibby”), has announced a merger with Rever Offshore AS (“Rever”).
Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC). In the frame of these agreements, Total is granted a 20% participating interest in the new Umm Shaif & Nasr concession and 5% in the Lower Zakum concession, effective March 9th, 2018, for a total participation fee of 1.45 billion dollars, which represents an access cost of around 1 dollar per barrel of reserves.
Subsea 7 S.A. has announced the award of a substantial(1) contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan.
At the Australasian Oil and Gas (AOG) conference this week in Perth, Australia, Environmental Risk Engineer Sarah Watson of CSA Ocean Sciences Inc. (CSA) will be honored by the Wavemakers Project as one of the 12 top women in the subsea industry in Australia.
The Carbon Trust has announced the launch of BLUE PILOT, a large-scale demonstration project aimed at reducing costs and underwater noise during construction of offshore wind farms as part of the Offshore Wind Accelerator (OWA).
The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company.
Statoil and its partners have decided to invest just over NOK 5 billion in the further development of the Snøhvit field in the Barents Sea, which will provide feedstock for the LNG plant at Melkøya in Hammerfest.
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