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Repsol Sinopec Resources UK has awarded contracts for the provision of all maintenance and construction labour, engineering support services and fabric maintenance, covering its North Sea offshore operated assets and the terminal at Flotta, in Orkney. According to the company, formerly known as Talisman Sinopec Energy UK, contracts have been awarded to at least two
MEO Australia has reached agreement to assign its 50% interest in the WA-454-P exploration permit, in the Bonaparte Gulf, offshore northern Australia to Origin Energy Resources. According to the company’s statement, the assignment follows extensive consideration by the company of its strategic focus and allocation of capital to its asset portfolio. MEO said on on
Subsea mooring company First Subsea has been awarded a contract by Shell to supply Ballgrab subsea mooring line connectors for the Appomattox development in the U.S. Gulf of Mexico. The semi-submersible four-column production platform will be moored in approximately 7,200 feet (2,195 metres) of water using 16 Series III Ballgrab subsea mooring connectors (SMCs) arranged
Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (“POSH”) has been awarded a contract to support Shell’s Prelude floating liquefied natural gas facility using its semi-submersible accommodation vessel the “POSH Arcadia”. According to POSH, which won the contract with Technip Oceania Pty Ltd through its subsidiary POSH Semco, the POSH Arcadia will be
Independent Oil and Gas (IOG), a development and production focused oil and gas company, has completed the acquisition of the other 50% of the licence covering Blocks 48/22b and 48/23a in the Southern North Sea, containing the Blythe gas discovery. IOG signed a deal to buy the interest from Alpha Petroleum Resources in April 2016.
Russia’s state-controlled gas giant Gazprom could gain control over some of the assets that Shell acquired earlier this year from BG group, a senior Gazprom executive said in an interview. Gazprom’s Deputy Chief Executive Alexander Medvedev said the BG holdings could be included in an asset swap deal between Gazprom and Shell that was announced
Repsol says it faces a $US5.5 billion arbitration claim from a Chinese state-controlled energy firm, adding to problems tied to one of the Spanish oil company’s largest acquisitions. Sinopec International Petroleum Exploration and Production and its subsidiary Addax Petroleum UK are seeking compensation to cover their initial investment in 2012 in a venture in the
An offshore supply vessel owned by an Indian company has been detained this week by port authority in Aberdeen. The port authority detained the MV Malaviya Seven offshore supply vessel on Wednesday morning, in what the shipping union RMT says is a “blatant example of modern day slavery.” According to the union, the decision to
Petrel Resources, an Irish based exploration and production company, has formally accepted two new Licensing Options (LOs) awarded in the Porcupine Basin, offshore Ireland, as part of phase two of the 2015 Atlantic Ireland licensing round. The second phase of the 2015 Atlantic Margin Licensing Round, held last Friday, saw 14 new LOs awarded offshore
Oil giant BP has scrapped plans for a £500m gas processing plant in Shetland, STV News has learned. The British firm twice delayed work on the facility at Sullom Voe which would have served the Clair and Schiehallion fields. Around 300 people could have been involved in its construction and it would have employed 30