Offshore ///

Confident oil industry set to ratchet up spending in 2019

After years of gloom, the oil industry’s out of its slump.

BHP has reported its second-half 2018 operations review

BP reports highlights of its second-half 2018 upstream operations review.

Fugro has enhanced IRM capability with new ROV support vessel

Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilization for the IRM contract planned for March 2019.

High Speed Transfers, Damen have agreed to third FCS 2710 vessel

Damen and High Speed Transfers Ltd (HST) have signed a contract for a third FCS 2710 fast crew supply vessel, for delivery in September this year.

Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion

Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of approximately $1.3 billion as part of the Long Term Agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021.

O&G industry shows commitment to workplace safety in new report

API has released its comprehensive Workplace Safety Report showing that occupational injuries and illness for the natural gas and oil industry occur at a substantially lower rate than the U.S. private sector and are continuing to decline.

Aker BP operates Ivar Aasen from Trondheim, onshore

LYSAKER, Norge -- Aker BP has become the first company on the Norwegian Continental Shelf to operate a staffed platform from an onshore control room. Ivar Aasen in the North Sea is now operated from Aker BP’s offices at Trondheim torg.

Faroe, Shell and Spirit partner in Edinburgh

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce its partnership with subsidiaries of Royal Dutch Shell plc and Spirit Energy Limited following the award of PL 969 in the recent APA licensing round with the intention to advance the large, cross-border Edinburgh prospect towards a drill decision during 2019.

Subsea Integration Alliance awarded integrated EPCIC contracts offshore Australia by Esso Australia

Subsea Integration Alliance today announced the award of integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts.

Tullow has published it trading statement & operational update

Tullow Oil plc issues this statement to summarize recent operational activities and to provide trading guidance in respect of the financial year to Dec. 31, 2018.

Norwegian Petroleum Directorate awards record licenses in APA 2018

Thirty-three companies have been offered ownership interests in a total of 83 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2018. This is the largest number ever awarded in one licensing round.

Equinor invests $269 million to increase Gullfaks production, North Sea

The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability.

'Gas, of course' proclaims NPD director general

The Aasta Hansteen gas field began production on Dec. 16 as the first development in the northern Norwegian Sea.

Eni, Thailand's PTTEP win Abu Dhabi oil exploration rights

Eni SpA and Thailand’s PTT Exploration and Production Pcl secured rights to explore for oil and natural gas in Abu Dhabi, committing to invest at least $230 million to assess the offshore blocks.

Petrofac secures engineering design services contract in Brunei

Petrofac, as technical service provider, and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual Engineering Design Services contract to support Brunei Shell Petroleum (BSP) and Brunei LNG (BLNG) in Brunei.

The NCS is barely halfway through its oil and gas story, according to NPD

The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004.

Equinor completes acquisition of the UK Rosebank project

Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf.

Oil majors to increase offshore spending

After four years of cutbacks, oil companies are poised to develop new offshore fields, although the benefits won’t be spread equally across the OFS sector.

Rowan has executed contract with ConocoPhillips for the Rowan Norway

Rowan Companies plc has announced that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS ("COPSAS") for an estimated duration of seven months that is expected to commence in second-quarter 2019.

BP discovers another giant gas field in the Caspian

BP just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.