Offshore & subsea

Total E & P Norge AS has received consent to use Skirne and Byggve beyond the originally planned operational life.

The company celebrates mobile offshore unit rig move number 2000, just over five years after the company was launched.

A new gas module has been put on stream on Troll B, boosting the oil production and processing capacity on the Troll field.

The company has signed five contracts for FPSO vessels offshore Brazil.

Maersk Invincible has completed the plug and abandonment (P&A) programme of wells at the Valhall field centre.

The contract is expected to commence the first quarter of 2019.

The company, through its 51%-owned joint-venture with PetroVietnam Technical Services Corporation, has been awarded a time charter contract by Idemitsu Kosan Co., Ltd. for the provision of a Floating, Storage and Offloading Vessel in Vietnam.

The companies signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.

The award is through Ross Offshore Well Management AS, which Claxton will support with equipment delivery.

Wells 35/11-21S and 35/11-21A were drilled in production licence Pl248I where Wellesley holds a 60% operated interest.

The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.

The company has announced that its 100% subsidiary Cue Exploration Pty Ltd, has executed an agreement with BP, Beach Energy Limited and New Zealand Oil & Gas.

The company will provide Qatargas with underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar under a new 5-year call off contract.

The Norwegian company has reported adjusted earnings of US$2 billion after tax in 3Q18, and reduced its net debt ratio by 1.5% to 25.7%.

Total company revenue was US$3 143.8 million, while net income was US$136.9 million, or US$0.30 per diluted share.