Offshore & subsea

Equinor, ENI and Petoro have completed an appraisal well on the Cape Vulture discovery, and found a volume potential of 50 – 70 million recoverable barrels of oil.

The project brings together leading subsea equipment and services from BHGE, McDermott and LTHE to provide ONGC with end-to-end project delivery.

The company has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS).

Cia Brasileira de Offshore has contracted PG Flow Solutions to supply liquid mud agitators for two of the shipowner’s offshore supply vessels.

Wellhead fatigue mitigation system now available for improving safety and fatigue life offshore Norway.

The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018.

BV Solutions M&O has been launched to provide technical advisory, asset management and assurance services to the marine and offshore sectors.

The company has strengthened its underwater inspection and maintenance capability with the provision of new mini ROVs for performing subsea operations in challenging environments.

The company has announced that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced its mobilisation.

The two-well contract is expected to commence in late 2018.

A milestone was achieved in the large-scale investment in the new test facility at Trelleborg’s offshore operation in Skelmersdale, England, as the first of two vessels arrived on site.

Awarded under an existing framework agreement signed in 2016, the scope of the contract includes engineering, procurement, construction, installation and commissioning (EPCIC) associated with well hook-up on the facility.

The company has announced that it has signed a Sale & Purchase Agreement (SPA) for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.

OMNIS, in partnership with Africa Oil Week, TGS and BGP, announce a licensing round in Madagascar, to be launched at Africa Oil Week, 5 - 9th November 2018.

A recent surge in final investment decisions (FIDs) on offshore oil and gas projects has set the scene for a healthy increase in offshore investments next year.