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Canada has signed its first binding supply agreement with China. A small-scale Canadian liquefied natural gas (LNG) plant, FortisBC has joined hands with Top Speed Energy Corp and will supply 53,000 tonnes from its Tilbury facility for two years. Though this deal is small, the nation expects much larger deals with operators of bigger new terminals.
The Norwegian engineering firm, Aker Solutions is bidding for contracts worth approximately £5 billion. And two-third of these contracts are for subsea jobs. In the first-half of the current fiscal year, the company won 74 front-end orders, one more than in the same period last year. Also, its revenue rose to 25% in the first half the year.
C-Innovation has received a contract to perform riserless light well intervention (RLWI) activities for BP in the Gulf of Mexico. The initial contract includes both mechanical and hydraulic acid stimulations which will be performed by C-I’s flagship Gulf of Mexico assets. Subsea Manager of C-I said, "We look forward to continuing to grow our relationship with BP by offering unique and cost-effective turnkey solutions”.
Petrofac has been awarded a £60 million procurement services contract by Petroleum Development Oman. This contract is a part of a framework agreement signed by Petrofac in 2017. Regional Manager of the company said, "The procurement and management activities for this project will be undertaken from Petrofac’s Muscat office from where we provide first-class expertise in high-value order management".
A new, five-year contract with BP has been announced by the Bristow Group to support its North Sea operations. “We recognise BP has placed its trust and confidence in Bristow and we are committed to maintaining the highest safety standards every day and at all times”, says the director of UK and Turkmenistan oil and gas. This contract adds further credibility to Bristow’s success in the region.
Oilfield services giant, Petrofac has informed about receiving contract extension from Total. Petrofac will continue to provide Operations and Maintenance (O&M) support to Total’s Alwyn and Dunbar platforms for the next 12 months. Apart from the renewal deal with Total, Petrofac also secured a 12-month extension contract with an unidentified firm operating in the CNS. Both the deals will fetch Petrofac a total of £25 million in revenue.
E&P major, Anadarko has entered into a sales and purchase agreement with Japan’s JERA and Taiwan’s CPC to supply 1.6 MTPA of LNG. Anadarko will deliver the requisite volume from its Mozambique Area 1 project, over a period of 17 years. The Mozambique Area 1 project is operated by Anadarko, where Mitsui E&P, ENH Rovuma Área Um, ONGC Videsh, Beas Rovuma Energy Mozambique, BPRL Ventures Mozambique and PTTEP are partners.
Awilco Drilling is a Westhill-based firm which has been awarded contract extension with Shell. The company has been rewarded decommissioning contract extension and now will also be covering the abandonment of five further wells. This contract is valid until Q1 2020. The initial contract for the WilPhoenix rig was for 18 wells and was expected to be worth £30 million.
Energy giant, Qatar Petroleum has informed that the company has awarded 8 drilling contracts for its North Field gas expansion project. The contract for two rigs has been awarded to Northern Offshore Drilling Operations and the remaining six has have been won by Gulf Drilling International (GDI). According to the company, the drilling will start from January 2020 before which the drilling rigs are expected to be mobilised and ready.
McDermott has successfully completed the INPEX-operated Ichthys LNG Project. The company has finally finished the last offshore campaign for the project. This campaign involved subsea tiebacks to new drill centres which were performed by McDermott's Lay Vessel 108. The senior VP of the company said, "Our outstanding record of accomplishment confirms our expertise and ability to execute one of the world's largest subsea contracts to date."
TechnipFMC has been awarded a contract whose worth is expected to be between $75m and $250m. It has been awarded this contract for the TOR II development in the North Sea where it is incharge of integrated engineering, procurement, construction and installation (iEPCI). The scope of work includes delivery and installation of a subsea production system including deployment of umbilical, rigid flowlines and ancillary subsea equipment.
BP has awarded contracts for the Greater Tortue Ahmeyim natural gas project to McDermott International and BHGE. Both the companies have received contracts for subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment. BHGE's VP said, "Together with McDermott, we will deliver the best-in-class solution to BP with cost-efficiency and industry-leading safety". The preliminary subsea infrastructure will connect the first four of 12 wells.
CNOOC has signed a production sharing contract (PSC) with Smart Oil, informed CNOOC Limited. The contract is for the Bohai 09/17 Block which covers 509.3 square kilometers. Under the scope of this agreement, Smart Oil will be the operator of the field during the exploration period. And when the development phase starts, CNOOC will have 51% of the participating interest in any commercial discoveries of the Bohai 09/17 Block.
Aberdeen-based decommissioning specialist, Well Safe has closed a deal to buy the Ocean Guardian semi-submersible drilling rig, its first decommissioning asset. The company has now become oil and gas industry’s top well-decommissioning specialist after this major breakthrough. The acquisition fee has been kept undisclosed but according to Well Safe, the company will spend more than £75 million on the vessel's modification.
Total has signed a Heads of Agreement (HoD) with the Ministry of Oil and Gas of the Sultanate of Oman. Under the scope of the agreement, Total will be granted the exploration license on Block 12 in Central Oman with. A definitive agreement in the coming months will give Total 100% working interest and operatorship of the exploration block with significant prospective gas resources.
Neptune Energy and TechnipFMC have entered into a subsea global Alliance Agreement which is initially for five years with the further option of extensions. The scope of the project includes the full project lifecycle through engineering, procurement, delivery of subsea production systems and installation of subsea equipment and infrastructure. The installation scope will be majorly in 2020 and the first oil is targeted for the fourth quarter of 2020.
Wood has won a contract in the United States for the construction of a natural gas pipeline. The contract is worth £26million. Under the work scope, the company will construct a 28-mile pipeline which will carry gas from Pennsylvania to Ohio. Wood’s CEO of Asset Solutions Americas said, "We’re delighted to be playing a key role in this strategic project".
Shell and PetroChina's joint venture Arrow Energy has won leases for a project worth $7.2 billion. The project aims at the development of Australia's biggest coal seam gas resource. In order to cut the project's cost, Arrow will use QCLNG's gas processing and pipeline infrastructure. According to the Queensland government, 14 leases have been granted to Arrow Energy for the Surat project.