Conference to examine opportunities in the subsea umbilical industry
The global subsea umbilicals, risers and flowline market is forecast to be worth more than £5 billion by 2021.
Offshore & subsea
Ecopetrol acquires 30% stake in Gato do Mato discovery in Brazil's Santos Basin
Under the agreement, Shell will reduce its stake in the discovery from 80% to 50% and continue as operator, while Total will retain the remaining 20%.
First oil from Johan Sverdrup field arrives at Mongstad complex
The first cargo of oil from the field is expected to leave for customers in Asia this week, and contain 1 million bbl with a market value of approximately US$60 million.
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Jadestone Energy submits field development plan for Vietnam offshore gas fields
A field development plan has been submitted for the company's Nam Du and U Minh gas fields, offshore southwestern Vietnam, to Vietnam Oil and Gas Group (Petrovietnam).
Transocean provides quarterly fleet status update
Since its last report Transocean has added approximately US$75 million in contract backlog, bringing total backlog to US$10.8 billion.
VAALCO Energy confirms oil discovery offshore Gabon
The Etame field offshore Gabon was successfully drilled to a total depth of 10 260 ft and encountered both Gamba and Dentale oil sands.
SBM Offshore successful bidder for partner’s minority ownership in FPSO companies
The total consideration for the equity ownership, excluding associated non-recourse project debt, is approximately US$150 million.
Maersk Drilling signs three-well drillship contract with POSCO International
Maersk Viking will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar.
Karoon Energy signs marketing agreement for crude from Baúna field with Shell West
The marketing agreement is for a term of up to 5 years and provides Karoon with access to Shell West’s global marketing and shipping platform.
More Offshore & subsea news
TechnipFMC to provide EPICI services for Woodside's Pyxis field
TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals for the development of the Pyxis and Xena fields, located offshore North West Australia.
Balmoral Offshore receives industry awards
The company recently received two prizes at the Energy Industries Council (EIC) national awards and was awarded the ‘Inspiration from Innovation’ gong at the Northern Star Business Awards.
Programme launched to study influence of man-made structures on North Sea ecosystem
The INSITE Programme between offshore industries and researchers is designed to give marine scientists access to valuable industry-acquired ecological data.
SBM Offshore completes financing of Liza Unity FPSO
The FPSO will be designed to produce 220 000 bpd of oil, will have associated gas treatment capacity of 400 million ft3/d and water injection capacity of 250 000 bpd.
Discovery made at Tolmount East
The well in the UK Southern Gas Basin was targeting 220 billion ft3 of P50 gross resource, in an undrilled area 4 km east of the 500 billion ft3 Tolmount gas field.
Quanta appoints Regional Manager
The company provides EPC services to the oil, gas and energy industries including engineering and maintenance of North Sea platforms from concept through to decommissioning.