Tuesday, September 18, 2018

Wintershall News

Sweden Approves Nordstream 2 Pipeline Application

Photo courtesy of Nordstream 2

Sweden has approved an application from Nord Stream 2 to lay two gas pipelines through its economic zone in the Baltic Sea, the government said on Thursday.

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 Atlantic region has been awarded a Frame Agreement for marine subsea services from Wintershall. During the course of the Contract, Wintershall may call-of services as required within Survey, IMR and Light Construction using DOF Subsea's integrated PM&E teams and fleet of subsea vessels…

Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round

The West Hercules drilling rig in the Barents Sea. (Photo: Ole Jørgen Bratland / Equinor)

Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north…

Nord Stream 2 Dredging Starting Off German Coast

An ROV operates from the vessel Trio to explore the seabed close to Lubmin, Germany. (File photo: © Nord Stream 2 / Axel Schmidt)

A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast."Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two…

Hundreds of Norway Oil Workers Go On Strike

Photo courtesy of Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field…

Nord Stream to Shut Gas Pipeline for Two-Week Maintenance

Nord Stream said on Tuesday it would shut both lines of its pipeline transporting Russian gas to Europe through the Baltic Sea for two weeks of planned maintenance starting July 17.The 1,224 kilometre (760 mile) pipeline, running to Germany via the sea, has a capacity of 55 billion cubic metres. Nord Stream is a joint venture of Russia's Gazprom and Germany's Wintershall and PEG Infrastruktur.Reporting by Sabina Zawadzki

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field…

Norway Oil Workers, Employers Reach Deal to End Strike

© Inge / Adobe Stock

Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday.The strike began on July 10 after the Safe union and the Norwegian Shipowners' Association could not come to an agreement over wages and pension conditions. The industrial action led to the shutdown of one Shell-operated field."The strike is over ...

Nord Stream 2 Pipeline on Track Despite Sanctions Risk, Operator Says

Photo: Nord Stream 2

The Nord Stream 2 pipeline to transport Russian gas to Germany is progressing on schedule, its operator said on Friday, with European investors still committed to the project despite criticism from the United States and the threat of sanctions.In July, Washington repeated a warning to Western firms invested in the pipeline that they were at risk of sanctions, saying Moscow was using the project to divide Europe.Berlin and Moscow have been at odds since Russia annexed Crimea four years ago…

Wintershall Norge Extends Contract with Energy Swan

Energy Swan. Photo: Golden Energy Offshore Services

Norwegian OSV operator Golden Energy Offshore Services (GEOS) has been awarded a contract extension by Wintershall Norge for 2005-built platform supply vessel Energy Swan.A press release from GEOS confirmed that a contract extension has been secured with Wintershall Norge AS.The contract is in direct continuation of the charter contract from 2013. The large PSV Energy Swan was in 2013 chartered for a firm period…

MMT Inks 10 New Contracts over 2 Months

(Photo: MMT)

Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea, come from a wide portfolio of old and new clients, including Siccar Point Energy, Equinor, Perenco, SSE, Örsted, Vattenfall…

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 this year and has a duration of three years plus four yearly options, the subsea services firm said.The work scope includes the supply of vessel and services which encompasses survey, IMR and light construction.The agreement is call-off based…

Norway Approves Snefrid Nord Gas Development Near Aasta Hansteen

Photo of upending operation of the huge substructure for the Aasta Hansteen gas platform in Klosterfjorden near Haugesund.(Photo: Espen Rønnevik and Roar Lindefjeld/Statoil)

Norway has approved the Statoil-operated Snefrid Nord gas development near the Arctic Aasta Hansteen field in the Norwegian Sea, the oil and energy ministry said on Tuesday. The field is estimated to hold about 5 billion cubic metres of gas which will be produced by using a subsea installation at a total investment of about 1.2 billion Norwegian crowns ($150.14 million), the ministry added. Statoil has a 51 percent stake in the license…

$800mln Gas Pipeline Proposed as Argentina Preps for Shale Boom

Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina's Vaca Muerta shale fields, a company source said, aiming to address a key barrier to increasing production. The project, subject to approval by the government of Neuquen province, could be built in a year and a half and would transport gas produced by companies including state-run YPF SA , Tecpetrol, Dow Argentina and Exxon Mobil Corp , the source said.

OPEC Oil Output Falls in November to Lowest since May

© SLDigi / Adobe Stock

OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey found, pressured by a drop in Angolan and Iraqi exports, strong compliance with a supply cut deal and involunary declines. OPEC's adherence to pledged supply curbs rose to 112 percent from October's 92 percent, the survey found. Top exporter Saudi Arabia pumped below its OPEC target, as did all other members except Ecuador, Gabon and the United Arab Emirates.

Merkel Sees No Threat in New Gas Pipe to Russia, Poland Disagrees

Photo: Nord Stream 2

The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's energy security, Chancellor Angela Merkel said on Friday, publicly disagreeing with her Polish counterpart. Poland, Ukraine and Baltic states fear the pipeline to be laid under the Baltic Sea would increase Europe's dependence on Russian gas and could cut off Ukraine - still fighting a conflict with Russian-backed separatists - from gas transit fees.

Archer Launches New Acoustic Listening Platform

Photo: Archer

Archer, a global oil services company and well integrity specialist, has launched the VIVIDTM acoustic listening platform —  a patented, highly sensitive, acoustic technology that detects, investigates and locates leaks in real-time, verifies cement barrier seals and characterizes downhole events with unparalleled precision. The announcement was made at the SPE/ICoTA Coiled Tubing and Well Intervention Conference and Exhibition taking place in Houston this week.

Argentina Outlines Plan for $1.6 bln in Late Natgas Subsidy Payments

© sergbob / Adobe Stock

Argentina will pay the $1.6 billion in subsidies it owes to oil companies that increased natural gas production in 2017 in 30 monthly quotas starting in January 2019, the Energy Ministry said on Tuesday. The incentive program was implemented in 2013 to attract investment to the South American country's natural gas sector, but Argentina's cash-strapped government has struggled to pay subsidies on time since it began.

US Sanctions Will Push Gazprom CEO into Shadows

Alexey Miller (Photo: Gazprom)

Alexey Miller, head of Russian gas giant Gazprom, will have to lower his public profile and delegate to someone else his powers to clinch deals and raise financing now that he has been added to a U.S. sanctions blacklist, analysts said. Washington last week imposed sanctions against several Russian businessmen, companies and government officials, striking at associates of President Vladimir Putin to punish Moscow for a range of activities, including alleged meddling in the 2016 U.S. election.

Maersk Drilling Bags North Sea Contracts

Maersk Resolute (Photo courtesy Maersk Drilling)

Maersk Drilling said it has been awarded three consecutive contracts for the Maersk Resolute and a contract extension for the Maersk Resolve, both operating in the Dutch sector of the North Sea.“The North Sea continues to be a key market to Maersk Drilling, and with the new contracts for Maersk Resolute and the contract extension for Maersk Resolve, we are further strengthening our presence in the area,” said Morten Kelstrup…