FLNG

Wood Group to carry out FEED work for $40bn Browse LNG project off Australia

Energy services company Wood Group secured a contract to carry out front-end engineering and design (FEED) for the Woodside-operated $40bn Browse Floating Liquefied Natural Gas (FLNG) development off the Australian coast.

For the insulated production flowline system that is needed for the asset’s offshore gas-condensate fields including Brecknock, Calliance and Torosa, all design engineering will be performed by Wood Group Kenny (WGK).

The fields are located 300km from the Kimberly coast.

Wintershall and Gazprom sign MoU to expand Nord Stream pipeline capacities

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BASF subsidiary Wintershall signed a memorandum of understanding (MOU) with Gazprom to expand the capacities of the offshore natural gas project, Nord Stream pipeline.

The expansion of the pipeline, which will deliver Russian natural gas to European customers through the Baltic Sea, will comprise two additional pipelines.

The pipelines are expected to transport up to 55 billion additional cubic metres of Russian natural gas to Germany through two connecting pipelines OPAL (Ostsee-Pipeline-Anbindungs-Leitung – Baltic Sea Pipeline Link) and NEL (Nordeuropäische Erdgasleitung – North European Gas Pipeline) NEL.

BP to invest $1bn in UK’s North Sea assets

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BP announced plans to invest $1bn to help extend the life of its UK North Sea assets.

The company’s latest investment is aimed at boosting output from oil fields located off the eastern coast of Scotland, and comes at a time when oil companies are seeking to exit the ageing basin.

BP said in a statement that the investment in the Eastern Trough Area Project (ETAP) would secure the future of the field for a further 15 years to 2030.

Shah Deniz stage II offshore project in Azerbaijan secures $1bn financing

Shah Deniz

Offshore natural gas field project in Azerbaijan, Shah Deniz stage II will receive a financing package of $1bn from the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD), and The Black Sea Trade and Development Bank (BSTDB).

The total cost of the Shah Deniz II development will top $47bn. It is planned to be developed in a consortium of companies which includes BP, TPAO, Petronas, SOCAR, Lukoil, NICO and SGC.

The gas field will feed Southern Gas Corridor from Caspian to Europe and its development would bring gas to south-eastern Europe.

Israel approves offshore natural gas development in Mediterranean Sea

Israel’s Government approved a deal with a consortium that includes the US-based Noble Energy to increase the quantity of natural gas produced at the Tamar field in the Mediterranean Sea.

The agreement also calls for rapid development of Leviathan, Karish and Tanin natural gas fields.

Last week, Israeli Prime Minister Benjamin Netanyahu announced the agreement, which is aimed at setting a framework to exploit gas discoveries that may bring in major new government revenue.

Shell secures approval to drill oil-bearing zones offshore Alaska

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The US Bureau of Safety and Environmental Enforcement (BSEE) approved Shell’s one application for permit to modify (APM), allowing it to drill potential oil-bearing zones offshore Alaska at one of the wells at the Burger Prospect, Burger J.

The department’s decision comes following an extensive review and under an array of safety requirements.

According to BSEE, Shell remains limited to the top section of the Burger V well.

On 6 August, the company submitted an APM to modify the Burger J application for permit to drill (APD), which previously restricted it from drilling into oil-bearing zones due to non-availability of a capping stack, as required by BSEE.

Gulf of Mexico lease sale attracts low bids following slump in oil prices

The Gulf of Mexico lease sale held by the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM), has yielded $22.7m in high bids for 190,080 acres in the Western Planning Area.

The Lease Sale 246 attracted bids for tracts located on the US Outer Continental Shelf, offshore Texas.

A total of five offshore energy companies, including Anadarko Petroleum, BHP Billiton, BP, Peregrine Oil and Gas, and Ecopetrol America submitted 33 bids on 33 tracts, covering around 190,080 acres.

Kongsberg Maritime collaborates on R&D project to optimise gangway operation in offshore sector

Kongsberg

Technology company Kongsberg Maritime began working with Norwegian shipping company Østensjo and The Norwegian Marine Technology Research Institute (Marintek) on a new R&D project to optimise gangway operation through new dynamic positioning (DP) philosophy and simulation training.

The new project, which is part of the Norwegian Government’s innovation programme, Maritime Activities and Offshore Operations (Maroff), is useful for operations using motion compensated and telescopic gangways that are typically found on accommodation vessels in the offshore sector.

The project will use Kongsberg Maritime’s DP controller for operation of Edda Fortis, the new generation accommodation vessel of Østensjo, and will involve the collection and analysis of operational data.

Aquatic wins contract on $10bn Moho Nord subsea project in West Africa

A UK-based subcontractor of Total E&P Congo awarded a contract to Aquatic Engineering and Construction, an Acteon company, to work on the $10bn Moho Nord subsea project, off the coast of the Republic of Congo, West Africa.

Around 75km off the coast of Pointe Noire, the Moho Nord subsea deepwater offshore project is the latest to be developed in the Moho-Bilondo licence.

According to Aquatic, its ten-month campaign portion is set to mobilise in October 2015.

Under the terms of the contract, Aquatic will supply reel drive systems, along with a team of supervisors and technicians.

Cobalt to offload interest in two blocks offshore Angola for $1.75bn

US-based Cobalt International Energy signed an agreement to offload its interest in two blocks offshore Angola to Sonangol, in a deal worth valued at $1.75bn.

Under the terms of the sale and purchase agreement, the Angolan state-oil company will acquire Cobalt’s 40% participating interest in blocks 21/09 and 20/11, with an effective date of 1 January this year.

Sonangol chairman and chief executive officer Francisco Lemos José Maria said: "Over the past seven years, Cobalt International Energy has had outstanding exploration success in Angola’s pre-salt, which will accrue considerable prosperity to the Angolan people over coming generations."