Oil & Gas News

Subsea 7 S.A. has announced the award of a contract by Tullow Ghana Limited on the Jubilee field, offshore Ghana, in water depths of up to 1000 meters. The engineering, procurement, construction and installation (EPCI) contract is awarded under a consortium comprising Subsea 7 Volta Contractors and NOV Oil & Gas Services Ghana Ltd. This award is a sizeable(1) contract for Subsea 7.

Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced through the Norne field.

Subsea 7 announces the award of a sizeable (1) contract by Fieldwood Energy to Subsea Integration Alliance(2), a global partnership between Subsea 7 and OneSubsea, a Schlumberger company. The award is for the deepwater Katmai field development in the US Gulf of Mexico's Green Canyon 40.

Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Óleo & Gás Ltda (“Chevron”), have won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell will pay its share of the total signing bonus for the block, equating to approximately USD $390 million [R$ 1,562 billion].

Global Maritime has been awarded a contract with Equinor until 2020 for marine operations. The contract value is estimated to be around 60-80 million Norwegian kroners (US$7-9.5 million), one of the largest in Global Maritime’s history. Global Maritime will oversee project management, engineering, equipment procurement and offshore management with everything handled from their Stavanger and Oslo offices.

Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS). Once concluded, the transaction will strengthen Equinor’s UK portfolio, which includes the Mariner development, attractive exploration opportunities and three producing offshore wind farms.

BMT has won a contract to provide multiple marine monitoring systems for BP’s new Mad Dog Phase 2 semi-submersible floating production facility in the Gulf of Mexico. These systems will play an important role in ensuring the day to day operations of the facility are conducted safely.

The Bureau of Safety and Environmental Enforcement (BSEE) today announced updated Oil and Gas Production Safety Systems regulations. BSEE’s revisions reduce unnecessary regulatory burdens while ensuring that operations remain safe and environmentally responsible. The Bureau’s efforts on regulatory reform encourage responsible energy exploration and production on the Outer Continental Shelf to maintain the Nation's position as a global energy leader.

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