Thursday, February 21, 2019

Campaign News

McDermott Bags Pan Malaysia Jobs

Photo by McDermott International, Inc.

American multinational McDermott International has announced Malaysian offshore projects contracts for developing pan Malaysia oil fields.One contracts was from Sarawak Shell Berhad and the other from Sapura Exploration and production, a press release from the fully-integrated provider of technology, engineering and construction solutions to the energy industry said.McDermott's scope of work for SSB includes the transportation and installation of jackets, topsides and pipelines for the Gorek gas field.

Total Plans Biggest Exploration Drive in Years

(Photo: Total)

Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year, its senior vice president for exploration, Kevin McLachlan, told Reuters, in waters off Mauritania, Senegal, Namibia, South Africa, Guyana and Brazil.While the company declined to say how many wells it drilled in 2018…

LNG Import: China is World's No. 2 buyer in 2018

© Wojciech Wrzesien/AdobeStock

China's imports of liquefied natural gas (LNG) in December soared 25 percent from the same period a year earlier to a monthly record of 6.29 million tonnes, customs data showed on Wednesday.The previous record of 5.99 million tonnes was set in November.For the whole of 2018, imports grew 41 percent from 2017 to a record 53.78 million tonnes, according to the data from the General Administration of Customs. That saw China retain its position as the world's second-buyer buyer of the super-chilled fuel after Japan…

Barclays Rejects Arctic Drilling

Image: NERC

U.K.-based international bank Barclays  announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy  rules out funding for companies seeking to drill in the Arctic Refuge as well as other climate change threats.According to the British multinational investment bank and financial services company headquartered in London, arctic oil and gas…

DNO Clinches Faroe Petroleum

© Jone Gundersen / Adobe Stock

Norwegian oil company DNO has secured control of Faroe Petroleum, a day after raising its hostile bid for the British company to 641.7 million pounds ($819 million).The move effectively ends a bitter battle that started around nine months ago when DNO bought a stake in the British firm, only for Faroe to resist its requests for board seats.DNO said on Wednesday it owned or had acceptances for its bid representing 52.44 percent of Faroe’s share capital…

Three60 Acquires North Sea Construction and Commissioning

Walter Thain, Group CEO. Photo: Three60 Energy

Australian energy services group Three60 Energy  has acquired Aberdeen-based North Sea Construction and Commissioning (NSCC) for an undisclosed sum. This is now the fourth company to be added to the fast-developing energy services group which now employs over 320 people.Established in 2017, NSCC specialises in the provision of construction, mechanical completion and commissioning support services for the offshore and onshore oil and gas industry…

Eni Makes New Oil Find Offshore Angola

(Photo: Eni)

Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06, approximately 120 kilometers off the coast, 50 kilometers southwest from the Olombendo floating production, storage and offloading unit…

Sound Energy Starts Drilling Well in Eastern Morocco

Image: Sound Energy

Moroccan focused upstream gas company Sound Energy confirmed that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.The TE-10 well will test the North East Lakbir prospect in the Company's Greater Tendrara permit and is located approximately 25 kilometres to the northeast of the recently awarded Tendrara production concession.The well is designed to test both a material TAGI stratigraphic trap and a smaller TAGI structural closure.

HydraWell Executes Valhall Field Plugging Program

Pic: HydraWell

Norwegian oil and gas services company HydraWell has contributed towards Aker BP executing its plugging programme significantly quicker than planned through utilisation of the PWC(Perforate, Wash & Cement) plug and abandonment method (P&A) on the Valhall field.A press release from the company pointed out that since May 2017, HydraWell has contributed towards plugging 10 shut-in wells on the original drilling platform (DP) at the Valhall field centre.Compared to the first P&A phase on the DP platform from 2014 to 2016…

Big Oil Spent 1% on Green Energy in 2018

© anweber / Adobe Stock

Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe's giants vastly outpaced their U.S. and Asian rivals, a study showed.Companies such as Royal Dutch Shell, Total and BP have in recent years accelerated spending on wind and solar power as well as battery technologies, seeking a larger role in global efforts to slash carbon emissions to battle global warming.Investors in recent years ratcheted up pressure on boards of fossil fuel companies including Exxon Mobil…

Sinopec to Boost Gas Supply

(Photo: Sinopec)

Chinese state oil major Sinopec said on Monday it will supply 18.17 billion cubic meters (bcm) of natural gas during the heating season that kicks off this week, up 17.7 percent from last year, to meet rising demand in the world's fastest-growing gas consumer.The company's natural gas supply to seven northern provinces and cities will increase by 29.1 percent during the season, it said in a statement.The comments come as China prepares to switch on residential heating systems across the north of the country on Nov.

US Allows Williams More Time for NY-Penn. Natgas Pipeline

U.S. energy regulators gave Williams Cos Inc two more years until December 2020 to get the approvals needed to build its long-delayed Constitution natural gas pipeline from Pennsylvania to New York, according to a federal filing made available on Tuesday.Before it can start building the project, Williams still needs water quality certification. New York state denied the permit in 2016, saying the company failed to provide sufficient…

Tidal Developer Collaboration to Tackle Foundation Mooring

SME AROV subsea during rock anchor install at EMEC (Credit SME)

CorPower and Sustainable Marine Energy join forces for a wave and tidal developer collaboration to develop and demonstrate generic foundation mooring solution to reduce cost and improve O&M methods.The 35-month UMACK (Universal Mooring, Anchor & Connectivity Kit Demonstration) project will address ocean energy affordability, survivability, reliability and installation through the demonstration of a generic anchor-foundation-mooring…

Philippines Short-lists Three Groups for LNG Terminal Project

© vladsv / Adobe Stock

The Philippines has short-listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to nominate one by November, its energy minister said on Tuesday.Short-listed companies were chosen from 18 groups that submitted proposals for the project, Alfonso Cusi told Reuters on the sidelines of the Singapore International Energy Week.They include state-owned Philippines National Oil Company (PNOC)…

Eni Wins Offshore Mozambique Block

Image: Eni

Italian oil and gas major Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin, approximately 1,500 km to the north east of the capital Maputo.With this acquisition, Eni further strengthens its presence in Mozambique, a country that has a strategic relevance for the company, said a press release from the company.The…

AGL LNG Import Project Slowed by Environment Review

© Kpics / Adobe Stock

Plans by Australia's AGL Energy to start importing liquefied natural gas from 2021 will be delayed after the state of Victoria called for the company and its pipeline partner to submit a full environmental assessment of their project.The review process typically takes nine to 12 months, which means AGL will not be able to reach a final investment decision on the A$250 million ($178 million) jetty project by June 2019, as it had hoped.AGL…

EXCEED Developments Reflect Bullish Growth Strategy

Fiona van der Vossen (Photo: EXCEED Energy)

Aberdeen-headquartered well management and performance improvement specialist EXCEED Energy has underlined its continued global expansion with a number of significant contract wins, prompting a key appointment and a move into new premises.Recent contract wins totaling over £18 million will see EXCEED deliver full well management services offshore The Gambia for a southern hemisphere-based exploration company and a drilling campaign offshore Ghana for a Norwegian operator.Head of Well Management…

Baltic Eagle Surveys Underway

Image: Fugro

Fugro has commenced a marine site characterisation programme at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters of the Baltic Sea.Under a contract worth over EUR10 million, Fugro will undertake a UXO survey to clear the investigation sites, followed by a geotechnical seabed investigation and borehole drilling. The workscope also includes a programme of standard and advanced laboratory testing.The fieldwork takes place…

Total E&P South Africa Contract for Solstad Farstad

Image: Solstad Farstad

Norwegian offshore vessel owner Solstad Farstad has been awarded contact  for two of its vessels by French oil major Total Total E&P South Africa."Total has awarded Solstad a contract for one Large Anchor Handling Vessel (AHTS) Normand Ranger (2010, VS 491 Design) and one Platform Supply Vessel (PSV) Far Starling (2014, PSV 08 CD Design)," said a press release from the company.The contracts are to support Total E&P South Africa’s drilling campaign in Block 11B/12B for 1 well firm + 1 well option, which is expected to commence Q4 2018.

Environmentalists File Second Complaint to Block Nord Stream 2

Photo courtesy of Nord Stream 2

Environmental campaign group ClientEarth has filed a complaint with a court in Sweden to block the construction through Swedish waters of the Nord Stream 2 gas pipeline intended to transport Russian gas to Germany, it said on Wednesday.Sweden approved the pipeline in June, but ClientEarth's complaint argues that the Swedish Ministry of Enterprise and Innovation failed to consider the impact the project would have on wildlife in the…