News

  • Gazprom Neft and Shell to Launch JV

    Gazprom Neft and Shell have signed an agreement to establish a joint venture to study and develop the Leskinsky and Pukhutsyayakhsky licence blocks on the Gydan Peninsula (northern Siberia), Gazprom Neft has revealed.   The partners will each have a 50 percent interest in the JV, which will be managed…

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  • Heerema Claims Jacket Removal Record

    Heerema Marine Contractors (HMC) reported on the 21st July that its Sleipnir semi-submersible crane vessel (SSCV) has set a record for the largest single lift jacket removal.   The SSCV successfully removed the 8,100-metric-ton Jotun-B jacket for Vår Energi in the Norwegian sector of the…

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  • SURF’s up on Anyala and Madu fields

    Nigerian National Petroleum Corporation (NNPC) and First Exploration & Production (First E&P) have completed the SURF installation campaign on Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria.   The offshore installation campaign featured the installation, piling and grouting of subsea arch…

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  • Lalea Energy signs agreement for Bobocu production licence onshore Romania

    Lalea Energy BV has agreed to acquire 100% participating interest in the Bobocu production licence, onshore south-eastern Romania, from Claren Energy Corporation, Toronto.   Lalea will assume the remaining contractual obligations with the Romanian government through the acquisition of 100% of Claren Operations Ltd. a…

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  • UK Upstream is Leaner and Tougher

    The UK upstream oil and gas sector has become leaner and more resilient over recent years.   That’s according to GlobalData, which noted that pullbacks in investment and reduced operating costs have helped provide a stronger cash flow outlook under newly weakened oil and gas…

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  • Cortez pioneers pipelay technique off Malaysia

    Cortez Subsea, in partnership with Alam Maritim, has completed the first ever subsea pipeline using the Zap-Lok mechanical connector offshore Malaysia.   The project championed technology for faster and more cost-effective completion of subsea pipelay.   It also marked a lay rate of 4.7 kilometres…

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