Offshore ///

Sercel, Kappa Offshore launch 3D marine seismic system for renewable energy surveys

Sercel and Kappa Offshore Solutions introduced PIKSEL, a compact marine seismic solution specially designed for acquiring seismic data for high-resolution 3D imaging of targeted offshore areas.

Pemex discovers new billion-barrel oil field in Tabasco

Pemex is under pressure to prove that the company is increasing production under the government of President Andres Manuel Lopez Obrador, who swept into power in late 2018, promising to revive it by rolling back the liberalizing energy reforms of his predecessor.

BP walks on three new Kazakhstan projects to focus on renewables

Last year BP said it would restructure the company to focus on cleaner energy and shrink its hydrocarbon business by 40% over the coming decade. Since announcing its strategy shift, the major has sold a string of oil and gas assets while making big investments in offshore wind.

Fugro performs geophysical surveys offshore Suriname for Petronas

The work for Petronas Suriname is being conducted from the survey vessel MV Fugro Brasilis and involves geophysical data collection, heat flow measurements, core sampling and onboard geochemical analyses, which aim to optimize future exploration activities in this frontier area.

Sparrows Group secures five-year US deal with major operator

The seven-figure deal will see Sparrows’ Houston team deliver crane inspection, maintenance, testing and repair services at two onshore facilities and a platform in the Gulf of Mexico.

Equinor logs new oil find near existing Barents Sea fields

Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil.

Shell signs $926MM deal to sell Egyptian onshore assets to Cairn Energy

The deal consists of Shell’s interest in 13 onshore concessions and in Badr El-Din Petroleum Co. The U.K.’s Cairn, together with Cairo-based Cheiron Petroleum Corp., will buy the assets for $646 million and make additional payments of as much as $280 million by 2024, “contingent on the oil price and the results of further exploration."

ClassNK releases ROV/AUV performance and safety requirements

Classification society ClassNK has released its “Guidelines for ROV/AUV” which summarize the performance and safety requirements for remotely operated underwater vehicles and autonomous underwater vehicles as part of its activities to meet industry needs related to the establishment of safety standards for innovative technologies and third-party certification.

Israel calls oil spill an act of ‘environmental terrorism’ by Iran

A Libyan ship that sailed from Iran dumped oil into the sea off the coast of Israel in early February, Israel's Minister of Environmental Protection Gila Gamliel told reporters on Wednesday.

Framo supplies marine pumping systems to Scotland’s largest offshore wind farm

The Alfa Laval company and pump manufacturer Framo will supply pumping systems for foundations of Scotland’s largest offshore wind farm project. It is the second order for pumping systems in this application, and marks an important milestone as it applies the company’s extensive experience from the offshore industry to renewable energy applications.

Ocean Infinity acquires MMT to expand AUV and uncrewed vessel capabilities

The combined organization will maximize the potential of Ocean Infinity’s fleet of autonomous underwater vehicles, and the soon to be launched Armada fleet of uncrewed, low-emission, robotic ships.

Baker Hughes and Akastor ASA form global offshore drilling joint venture

Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems business with Akastor’s wholly owned subsidiary, MHWirth AS.

Oceaneering lands integrated rig services contract in the U.S. Gulf of Mexico

The work scope includes the provision of remotely operated vehicles with collocated ROV tooling and technicians, remote positioning and metrology survey resources, and installation and workover control system equipment and technicians.

Regional Report: Brazil

Mike Slaton, Contributing Editor

Despite a Covid-19 hit that sidelined many field operations, Brazil’s 2020 mid-year figures appeared to put production on track for another yearly gain dominated by the pre-salt.

Eni Angola grants Fugro multiple offshore geotechnical surveys

Fugro has been awarded multiple contracts by Eni Angola to carry out geotechnical and environmental surveys off the coast of Angola between now and May, and two Fugro vessels from their world’s largest fleet of specialist geotechnical and geophysical vessels are currently active in the region.

Special Focus: 2021 Forecast & Review – International Drilling & Production

Cameron Wallace, Digital Editor; Kurt Abraham, World Oil

Following a tumultuous 2020, global drilling rates outside the U.S. are a bit of a mixed bag for 2021. Lingering economic effects from shutdowns and travel restrictions are impeding recovery in regions like Africa and Eastern Europe, while Western Europe and South America are finding their stride.

Neptune Energy commences Dugong appraisal drilling in the North Sea

The Neptune-operated Dugong discovery, in Production License 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020. Neptune estimates recoverable resources to be between 40 - 120 million barrels of oil equivalent (boe).

Lackluster results diminish interest in Norway’s latest Arctic oil lease round

The Nordic country’s oil and gas industry has been keen for new acreage to offset an expected decline in production toward the middle of the decade. The Barents is estimated to hold more than 60% of the undiscovered resources off Norway, according to the nation’s petroleum directorate.

Oil majors’ green energy pivot hammers Africa’s largest economies

The situation could worsen as Big Oil makes another round of deep spending cuts, leaving consequences both for the oil market, which needs more supply from the OPEC cartel in the coming years, and the economic stability of a region that’s dependent on petroleum revenue.

Exxon to sell down North Sea assets as focus narrows on key opportunities

The company will sell most of its non-operated upstream assets in the UK central and northern North Sea to NEO Energy, according to a statement Wednesday. NEO is an oil producer backed by Norwegian private equity firm HitecVision AS.