Offshore news

Global Offshore will focus the staff, vessels and subsea equipment needed to meet the demands of oil & gas companies operating around the world.

ROVOP Limited, an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50% to meet ongoing customer demand following a funding boost of £56 million.

Repsol has submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020.

The Petroleum Safety Authority Norway (PSA) has given its consent for ConocoPhillips Skandinavia AS (ConocoPhillips) to dispose of the Ekofisk 2/4 H, Ekofisk 2/4 A, Ekofisk 2/4 FTP and Ekofisk 2/4 Q facilities in the North Sea.

Total has announced that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 km off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin in Brazil.

The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Fenja Project (previously known as Pil & Bue). Fenja is located in the Norwegian Sea and will be tied back to the Njord platform.

The combined awards are valued at around US$60 million.

SM 71 F2 drilling ahead at 4895 ft MD after setting 10 3/4 in. surface casing at 3685 ft MD. Drilling is proceeding according to plan and the well will reach TD prior to the end of December.

The oil and gas industry has just 18 months to upgrade critical release hook systems on offshore lifeboats to meet new regulations imposed by the International Maritime Organisation (IMO) to improve safety at sea.

The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR).