Thursday, September 20, 2018

North Sea News

Aker BP, Maersk Drilling Sign Rig Contract off Norway

(Photo: Aker BP)

Maersk Drilling and Aker BP have signed a one-year contract to deploy the Maersk Integrator jack-up rig off Norway from June 2019, Aker BP said in a statement on Thursday.The contract, based on an alliance created between the

Wintershall Awards Frame Deal to DOF Subsea

Skandi Neptune. Photo: DOF Subsea AS

Norwegean-based  international subsea operating company DOF Subsea said in a press release that  it has been awarded frame agreement for marine subsea services from Wintershall."The…

Okea Weighs Its Options for Grevling Oil Discovery

Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the company's valuation in a deal with Thai investor Bangchak Corporation PCL (BCP),

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…

Shell Changes to North Sea Rotas Welcomed by Union Unite

Photo: Shell

* The Unite union in Scotland on Tuesday welcomed a decision by Shell to move to two weeks offshore and three weeks onshore schedules for workers in the British North Sea* Shell will switch to a less tiring rota system for it

U.S. Oil Boom Starts to Cool, Tightening Global Market: Kemp

© demerzel21 / Adobe Stock

U.S. oil production is running into capacity constraints, which are starting to have a material impact on the global availability of crude, causing the market to tighten and putting…

Denmark Swings to Net Oil Importer as North Sea Production Dips

file Image: CREDIT Maersk

A 25-year period for Denmark as a net oil exporter is set to end this year following output declines in the North Sea, the country's energy agency said on Thursday after slashing its…

Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline

File Image: CREDIT AdobeStock / © Kasto

An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new…

Unite Suspends Planned Strike on Total North Sea Oil Platforms

Photo: Total

Industrial action on French oil major Total's north sea oil platforms on Sept.

Petrofac Secures Well Engineering Contracts

Photo: Petrofac

Petrofac has strengthened its global Well Engineering contracts portfolio following a series of award wins worth a combined value of around $20 million.Petrofac secured an exclusive…

Equinor Bets on Offshore Wind

Photo: Equinor

Norway's Equinor is focusing its green efforts on offshore wind, a goal it is already on its way to achieve, but some investors are concerned about the impact this shift will have on…

North Sea Crude: Total, Gunvor Seek mid-September Cargoes

File Image: CREDIT DNV

North Sea crude differentials rose broadly on Wednesday after a flurry of bids in the daily trading window pushed the front of the swaps curve into backwardation for the first time…

BP, Vitol Go Head to Head in West African Crude Trading

Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big derivative position that may have raised costs for European…

Maersk Rig Contracted to Aker BP

Photo: Maersk Drilling

Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jack-up rig Maersk Reacher in the Norwegian part of the North Sea.Maersk Reacher will be deployed as an accommodation rig…

FSO Installed in Culzean Field

Photo: Maersk Supply Service

Last week the Ailsa Floating Storage and Offloading unit (FSO) was successfully hooked up and completed, the final step of the FSO transportation and installation for the Culzean field…

World’s Largest Offshore Wind Farm Opens

(File photo: Orsted)

The world's largest offshore wind farm will open on Thursday off the northwest coast of England when Danish energy group Orsted unveils the Walney Extension project.The wind farm has a capacity of 659 megawatts (MW), enough t

Point Resources Extends Contract with Aker Solutions

Point Resources has executed the remaining part of the option for the maintenance and modifications contract with Aker Solutions.The EPC O&M contract between Point Resources and Aker Solutions was first signed in June 2012…

Norway’s Largest Oil Pipeline Now in Place

Saipem Castorone at the Johan Sverdrup field in the North Sea. (Photo: Bo B. Randulff / Roar Lindefjeld / Equinor ASA)

Late last week, Norway’s largest and longest pipeline reached the Johan Sverdrup field in the North Sea.The last pipe of what is now Norway’s longest and largest oil pipeline was installed by the vessel Saipem Castorone…

Uniper Sees Merit in Building LNG Terminal at Wilhelmshaven

© Ernst Pieber / Adobe Stock

Germany's Uniper on Tuesday said it favors a liquefied natural gas (LNG) terminal at the Wilhelmshaven deep sea port on the North Sea coast, less than a week after peer RWE said it secured access to capacity should a rival pr

Swire Seabed Awarded Wintershall Framework Agreement

(Photo: Swire Seabed)

Swire Seabed announced it has secured a framework agreement with Wintershall Norge AS for the provision of marine subsea services (MSS) in the North Sea.The agreement will commence…