Subsea ///

ADNOC considering purchase of key UAE offshore oilfield services firm

Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients, according to people familiar with the matter.

Greece wearies of Turkey’s provocative energy hunt in disputed waters

European leaders in October called on Ankara to abstain from unilateral hydrocarbon exploration in disputed waters, saying it’s in breach of international law. Turkey nonetheless resumed the surveys, making any negotiation with Greece on delimitation of sea borders even more problematic.

CGG, Magseis complete North Sea’s largest OBN seismic survey

Covering two highly prospective areas of the UK Continental Shelf, the OBN Cornerstone 2020 survey project represented a total of 813,000 man-hours with zero Lost Time Incidents.

Subsea CO2 storage plan offshore Denmark clears first regulatory hurdle

The mission to store CO2 beneath the Danish North Sea has cleared the first major hurdle after the intended subsea reservoir was confirmed feasible for CO2 injection by independent certification body DNV GL to the endorsement of Danish authorities.

OTC organizers postpone oil’s biggest conference to August 2021

OTC organizers said that new in-person and virtual activities will be planned to “ensure the conference continues to provide a platform for energy professionals to meet and exchange ideas.”

Court says Hess can’t recover $218 million from Schlumberger for subsea valves

Hess Corporation failed to persuade a federal judge to award it $217.9 million to repay the cost of recovering and replacing four allegedly defective subsea valves made by Schlumberger Technology.

Forum tapped for Southeast Asia subsea cable maintenance project

Forum Energy Technologies has secured an order to supply specialist subsea equipment for a major cable maintenance project in Southeast Asia.

OGUK report offers first insight into impact of pandemic on offshore jobs

The number of workers on offshore oil and gas installations decreased by around 4,000 as the UK went into lockdown in March this year, official figures published by industry body OGUK confirm.

Enpro Subsea enables safe removal of ‘attic’ oil from Brent Bravo’s concrete cells

Enpro’s patented technology enabled the safe access and removal of ‘attic’ oil from concrete storage cells at the base of the Brent Bravo platform in 140m water depth. The system, which on previous campaigns had been deployed direct from platform topsides, was this time deployed from a DeepOcean construction vessel, leading to a significant reduction in operating days per cell.

CGG launches Walker Ridge reimaging program in the Gulf of Mexico

The Walker Ridge program covers approximately 300 OCS blocks including two priority areas of significant industry interest. Advanced proprietary imaging technologies will be applied to this program to unlock the full potential of existing seismic data and provide significant uplift in subsurface imaging.

Oceaneering wins Petrobras BOP tethering services contract

Oceaneering International has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year.

Boris Johnson’s UK wind energy plans need subsea ingenuity to succeed

Boris Johnson’s plan to quadruple the size of the UK offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters.

Baker Hughes performs industry’s first vessel-deployed subsea mechanical wellhead cut

Baker Hughes worked with Wintershall DEA to cut the subsea wellhead from an abandoned exploration well in 360-metre water depth in only 35 minutes. By comparison, alternative abrasive cutting methods could take as long as five or six hours for the cut alone.

Six-nation Mediterranean Gas Group forms, without Turkey, to “strengthen regional cooperation”

Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included.

Bidders line up for Exxon’s UK North Sea oil and gas assets

Exxon Mobil’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the U.S. oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.

U.S. looks to close liability loopholes for bankrupt offshore oil producers

The Interior Department is proposing rules to strengthen the issuance criteria after companies have filed for Chapter 11 and escaped financial obligations to cap their non-producing wells, said Walter Cruickshank, acting director of the department’s Bureau of Ocean Energy Management.

Oceaneering, Danos Win 2020 NOIA Safety in Seas Awards

The National Ocean Industries Association (NOIA) announced that Oceaneering and Danos are the winners of the 2020 NOIA Safety in Seas Awards competition. Oceaneering was selected for the 2020 NOIA Safety in Seas Safety Practice Award, and Danos is recognized for the 2020 NOIA Safety in Seas Culture of Safety Award.

Fugro awarded ONGC 3-year contract for integrated survey services fourth time in a row

Oil and Natural Gas Corporation Limited (ONGC) in India has awarded Fugro a 3-year contract to provide integrated survey services for the fourth consecutive time.

UK projects up to 20 billion barrels of oil remain to be found offshore

The OIl & Gas Authority believes that maximizing the economic recovery of the UK’s remaining oil and gas need not be in conflict with the energy transition, and that the industry has the skills, technology and capital to help unlock the solutions required to help the UK achieve net zero.

Husky sees an uncertain future for West White Rose and other offshore Canada operations

“Unfortunately, the delay caused by COVID-19 and continued market uncertainty leaves us no choice but to undertake a full review of the project and, by extension, our future operations in Atlantic Canada," said Husky CEO Rob Peabody.