Offshore ///

Conoco considering North Sea asset sale by year end

ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with knowledge of the matter.

ADNOC to invest $1.4 billion to upgrade Bu Hasa Field

he Abu Dhabi National Oil Company (ADNOC) has announced a $1.4 billion investment to upgrade and expand its Bu Hasa field, which will increase crude oil production capacity to 650,000 bpd.

ExxonMobil drillship on location - Cyprus Block 10

The Stena Icemax drillship has arrived on location in Cyprus’ offshore Block 10, and is preparing to bore down into the seabed, Energy Minister Giorgos Lakkotrypis said, early this week.

Unique Group and Innovo complete decommissioning project in the Middle East

Unique Group, one of the world’s leading integrated subsea and offshore solution providers, together with Innovo, an engineering, construction and equipment rental company, have successfully completed a multi-million dollar decommissioning contract for Italian global marine, oil and gas contractor, Saipem, on a key offshore platform in the Middle East region.

ADNOC CEO says oil and gas industry a critical enabler of economic growth

The global oil and gas will be a critical enabler of economic growth in the 4th Industrial Age, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and group CEO, ADNOC.

Empyrean Energy assesses China’s Pearl River Mouth basin prospects

Empyrean Energy is pleased to announce that Gaffney, Cline & Associates has completed its independent audit of the company’s oil-initially-in-place estimates over the Jade, Topaz and Pearl.

Weatherford unveils technology to transform well construction

Weatherford International plc has introduced Vero automated connection integrity, which applies artificial intelligence to minimize safety risks and validate well integrity with absolute certainty.

Global oil and gas leaders discuss evolving energy landscape

Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape, and the opportunities for hydrocarbon-produced energy to support global growth, today, and in the future.

Total inaugurates the Kaombo project and reiterates its commitment to Angola

The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project

Senegal targets bigger royalties, stakes in new oil code

Senegal is considering raising royalties and taking a bigger stake in oil and natural gas projects as part of the West African nation’s overhaul of its oil code, according to a document obtained by Bloomberg.

Ampelmann opens new office in Dubai, and appoints Tim Mulders as business developer

Ampelmann, the global leader in offshore access solutions, has opened its second office in the Middle East in a move to further expand its presence in the region.

EIA: New Gulf of Mexico projects expected to reverse gas production declines

Natural gas production in the U.S. Federal Gulf of Mexico (GOM) has been declining for almost two decades. EIA expects nine new natural gas production projects to start in 2018 and another seven to start in 2019.

Topaz signs long-term agreement with Reach Subsea

Topaz Energy and Marine, a leading offshore marine logistics company has signed a long-term agreement with Reach Subsea under which Reach will charter the newbuild subsea vessel, Topaz Tiamat.

Norway oil, gas terminals shut after tanker collides with ship

The operators of the Sture oil terminal and the Kollsnes gas processing plant shut down the facilities on Norway’s west coast on Thursday as a precautionary measure after a crude tanker collided with a military vessel nearby.

Aquaterra Energy secures another Johan Sverdrup win

Aquaterra Energy, a leader in global offshore engineering solutions, has today been awarded a contract by Equinor to deliver early well construction operations for the next sixteen wells of the Johan Sverdrup field development.

Ashtead signs global master lease agreement with Oceaneering

Independent provider of subsea equipment rental, sales and services to the offshore industry, Ashtead Technology Limited has announced that it has secured a global master lease agreement with a wholly-owned subsidiary of global oilfield services provider, Oceaneering International Inc.

OMNIS partnership announces opening of Madagascar License Round

In the framework of the development of Madagascar's oil and gas potential, the Malagasy State through OMNIS continues to promote projects that attract new private investment in the short, medium and long term. OMNIS, together with TGS and BGP, has worked to create an attractive environment for offshore exploration.

Fugro, L3 ASV partner to develop next-generation autonomy

Fugro has signed a joint development agreement with L3 ASV, a leader in the field of unmanned and autonomous vessel technology, to create the next generation of autonomous vessels for the commercial survey market.

Danos secures contract for Shell's Ursa platform

Danos announced today that Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, has awarded a contract to Danos for the coatings maintenance campaign for the Ursa tension leg platform (TLP).

Kreuz Subsea, Seamec consortium mobilize Kreuz Glorious for two-year ONGC project

Global integrated subsea services business, Kreuz Subsea and consortium partner Seamec Ltd, have successfully completed the mobilization of the Kreuz Glorious vessel to commence a two-year project with India’s Oil & Natural Gas Corporation (ONGC).