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Motive Offshore buys out Pumptech
Dec. 5, 2019
Source: World Oil

Motive Offshore buys out Pumptech

Continuing on its growth strategy, Scottish service provider, Motive Offshore has concluded the purchase of Norway-based Pumptech for a seven-figure sum. The acquisition will allow Motive to leverage Pumptech’s large fleet of zone-2-accredited hydraulic pump units (HPUs), apart from their expertise in flexible flowlines and umbilical testing. Richard Charles has been appointed as Flexibles Division Manager for the new division.

AMC launches a new anti-foul coating solution
Dec. 5, 2019

AMC launches a new anti-foul coating solution

Aquarius Marine Coatings (AMC) has introduced a new anti-foul coating solution for offshore oil and gas. Coppercoat-Commercial has high levels of copper and is a natural anti-microbial agent. It will effectively protect sub-sea infrastructure from hosting layers of plant, animal and microbe growth. This coating does not contain any volatile organic compounds and offers protection against degradation forms.

Rovco launches live 3D streaming technology
Dec. 3, 2019
Source: World Oil

Rovco launches live 3D streaming technology

Rovco, a subsea technology company has launched a new product called “SubSLAM Live”. It is 3D streaming technology which will allow clients to live stream 3D underwater point clouds to any device in the world. “The model is compressed and progressively sent over a low-bandwidth <256Kb network link to a cloud server along with the ROV's position", says Rovoco's CSO.

Valaris lands new contracts and extensions worth $285m
Nov. 27, 2019

Valaris lands new contracts and extensions worth $285m

Drilling services provider, Valaris has landed new contracts and extensions for its drilling rigs, with approximately $285m in associated revenue backlog. The drillship Valaris DS-18 (Relentless) has been granted contract extension with EnVen in the US Gulf of Mexico. Valaris also landed contracts and extensions for DS-15, JU-292, JU-290, JU-249, JU-144, and others.

Viewport3 secures two contracts worth £100k
Nov. 5, 2019
Source: World Oil

Viewport3 secures two contracts worth £100k

Viewport3 is a Subsea 3D scanning specialist and has bagged two pre-removal scanning contracts. These contracts have a combined value of £100k. After securing these contracts the company will embark its new journey in the decommissioning market. The technologies provided by Viewport3 will help the operators in making decisions about the removal of items from the seabed, reduce ad-hoc engineering and minimize time spent offshore.

Exxon and Shell pay $1.7mn to Somalia
Oct. 29, 2019

Exxon and Shell pay $1.7mn to Somalia

Oil major Royal Dutch Shell and ExxonMobil have taken on lease offshore block for 30 years. The companies have paid Somalia $1.7 mn as the preliminary rent. According to the information from Shell, these charges are for retrospective charges. Also, the operation will be withheld in what is known as force majeure.

Shell drops out of two Kazakh offshore projects
Oct. 22, 2019
Source: Reuters

Shell drops out of two Kazakh offshore projects

Shell has dropped out of the Khazar offshore project in Kazakhstan, while a multinational consortium including Shell is also getting rid of its plans for the Kalamkas block. The Khazar project has seen approximately $900 million in investments from Shell. In a statement, Shell said, “The (Khazar) project was not competitive enough versus other opportunities in Shell’s global portfolio,”. KazMunayGaz and Oman Oil Co were Shell’s partner in Khazar.

Crimson Oil Tools makes successful contract delivery to European oilfield solution provider
Sept. 28, 2019
Source:

Crimson Oil Tools makes successful contract delivery to European oilfield solution provider

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Leading manufacturer of Casing & Cementing accessories, Crimson Oil Tools has made a successful contract delivery to Europe’s Drillwerk. Crimson had secured the contract in July 2019 for the delivery of Casing & Cementing accessories to be utilized in upstream operations. Mayank Sharma, MD of Crimson Oil Tools, said, “With the delivery of this contract, we build on the continued success to deliver high-quality Casing & Cementing accessories”.

McDermott lands FEED contract for Shwe Phase 3 gas field
Sept. 27, 2019

McDermott lands FEED contract for Shwe Phase 3 gas field

Posco International has awarded a FEED contract to EPC giant, McDermott International for the development of the Shwe Phase 3 gas field, offshore Myanmar. The contract requires McDermott to carry out FEED services for a new compression platform, a bridge link, and reformations in existing platforms. The work is slated for completion by the second quarter of next year.

Shearwater receives 2D/3D seismic survey contract
Sept. 25, 2019
Source: World Oil

Shearwater receives 2D/3D seismic survey contract

Shearwater has won 2D/3D seismic project offshore Southeast Asia. This survey will be executed using SW Vespucci Multi-Purpose Vessel. Under the scope of this contract, 1,600 km² area will be covered for the 3D seismic survey. “The MPV platform is ideally suited for clients with diverse project requirements”, said CEO of Shearwater GeoServices. SW Vespucci is capable of conducting source, 2D, 3D, and ocean bottom nodal seismic acquisition.

Tullow Oil makes second oil discovery offshore Guyana
Sept. 18, 2019

Tullow Oil makes second oil discovery offshore Guyana

British E&P major, Tullow Oil has made another discovery on the Orinduik license, offshore Guyana. This marks the second in the line of discoveries for Tullow Oil in its Jethro-1 exploration well, the first discovery made back in August 2019. The exploration well was drilled to a final depth of 2,175m using Stena Forthdrillship. The Orinduik Block is operated by Tullow, where Total and Eco (Atlantic) Oil & Gas are partners.

Ashtead successfully completes its subsea installation monitioring project
Sept. 17, 2019
Source: World Oil

Ashtead successfully completes its subsea installation monitioring project

Ashtead Technology has completed a subsea installation monitoring project for Ocean Installer AS. To support the installation, Ashtead has integrated its Deflection Monitoring System (DMS) services and equipment. “The DMS system proved invaluable for the safe and efficient installation of the ITS structures during the Askeladd and Johan Castberg projects", said Ocean Installer, offshore manager.

Noble Energy discovers oil offshore Guinea
Aug. 29, 2019
Source: Reuters

Noble Energy discovers oil offshore Guinea

Guinean Minister of Hydrocarbon and Mines yesterday informed that Noble Energy has discovered oil in Block 1 offshore Equatorial Guinea. The US oil firm is looking to produce new oil from the block by October. Noble Energy encountered oil by drilling the Aseng 6P well for more than 4,000 meters. Noble operates the Aseng field with a 40% stake, where Glencore, Gunvor and Atlas Petroleum are partners.

4 major contracts awarded to Halfwave
July 23, 2019
Source: World Oil

4 major contracts awarded to Halfwave

Halfwave, a pipeline inspection company has won four contracts for subsea inspection in the first half of 2019. The company's ROV mounted ARTEMIS tool is gaining popularity and is being deployed across major oilfield projects globally. "These major contracts show Acoustic Resonance Technology is fast becoming the preferred technology for pipeline inspection", said Halfwave's CEO.

Aceton acquires Proserv's business
July 9, 2019
Source: World Oil

Aceton acquires Proserv's business

Subsea services group Acteon has acquired Proserv's international Field Technology Services and Survey business units. This has added to its Claxton brand's subsea expertise. Aceton's Chief Executive said that this will add capabilities and capacity to their UTEC Survey offering and will help in the globalization of Claxton product and service range. The Survey business unit will join its existing UTEC Survey business.

PTTEP discovers large gas field offshore Malaysia
July 2, 2019

PTTEP discovers large gas field offshore Malaysia

Thailand-based E&P major, PTTEP has found an enormous gas field with first well drilled on the SK410B block offshore Sarawak, Malaysia. PTTEP’s Malaysian subsidiary discovered 252m of net gas pay, indicating a multi-trillion cubic feet (tcf) gas discovery. Drilled to a depth of 3,810 m, the Lang Lebah-1RDR2 is supposedly PTTEP’s largest discovery.

W&T strikes a deal with Exxon worth $200mn
June 28, 2019
Source: World Oil

W&T strikes a deal with Exxon worth $200mn

W&T Offshore has entered into a purchase and sale agreement with ExxonMobil. After this, W&T will acquire the assets of the energy major in the eastern region of the Gulf of Mexico (GOM) and other related facilites. This deal is worth $200 million. This acquisition includes working interests in nine shallow water producing fields and related operatorship in the Mobile Bay area. It will help W&T become the largest operator in the area.

Equinor and OMV to work for Norway projects together
June 27, 2019
Source: Energy Voice

Equinor and OMV to work for Norway projects together

Austrian oil firm, OMV and Equinor have come together for offshore Norway projects. Both the companies will simultaneously work on the Wisting development in the Barents Sea. Also, they will work on the concept development for the Hades-Iris discovery. Equinor’s Nylund said, "It is important for us to create value and maintain activity on the Norwegian continental shelf for many decades ahead, in close cooperation with other players".

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