AWE Limited has been advised by the Operator, Origin Energy, that the Yolla-A platform, located it the Bass Strait, offshore southern Australia, has achieved significant production improvement as a result of successful well interventions and is currently producing gas at rates of approximately 57 Tj/day, up from 42 Tj/d that was achieved prior to the well intervention program. [...]
Norway’s KONGSBERG has been awarded a significant offshore automation contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drillships, with an option for KONGSBERG to deliver products and services for six more drill ships. “We call this a ‘Full Picture’ solution, as it includes dynamic positioning, position reference systems, thruster control, [...]
May 16, 2013 | Posted in
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New Zealand Oil & Gas has acquired a 50 per cent interest in PEP 52717 (Clipper) from Beach Petroleum (NZ) Pty Ltd, a subsidiary of ASX-listed Beach Energy. New Zealand Oil & Gas will become the operator of the permit, which is off the Canterbury coast in New Zealand. The partners have committed to acquiring at least 600 [...]
Yesterday the Australian Parliament passed a landmark law to better protect Australian offshore workers and Australia’s pristine marine environment. In passing the Offshore Petroleum and Greenhouse Gas Storage Amendment (Compliance Measures No.2) Bill 2013, the Senate has strengthened Australia’s offshore petroleum regulatory regime to safeguard against the destruction caused by the uncontrolled release of hydrocarbons [...]
DOF Subsea, a subsidiary of DOF ASA, has secured multiple contract awards in the Asia Pacific region over the last couple of weeks, with a total contract value of about USD 50 million. The contracts will utilize the vessels Skandi Singapore, Skandi Hercules and Skandi Hawk. CEO Mons S. Aase said it was pleased with the [...]
Cargotec’s MacGregor has received EUR 22 million order to deliver a 900-tonne active heave-compensated (AHC) MacGregor subsea crane to the South Korean shipyard, Hyundai Heavy Industries Co Ltd. The crane will be installed on a 150m multi-purpose offshore construction vessel (MOCV) ordered by Sealion Shipping, on behalf of Toisa Ltd. “This is the largest active [...]
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Transocean, a Switzerland-based offshore drilling contractor, has revealed it has secured a two-year drilling contract for one of its drillships. The drillship, known as the Deepwater Millennium, has been hired by an undisclosed client to operate in Australian waters, at a dayrate of $605,000. According to Transocean, an estimated contract backlog is $442 million. The contract is expected [...]
FMC Technologies, Inc. announced today that it has received an order from ConocoPhillips Australia Pty. Ltd. for the supply of subsea equipment for its Bayu Undan Phase 3 project. The order has an estimated value of $26 million. The Bayu Undan field is located in the Timor Sea, approximately 280 miles (450 kilometers) northwest of [...]
Australian oil and gas industry has slammed tax changes introduced yesterday by the Federal Government in Australia. “Tax changes included in Australia’s Budget for 2013 that affect exploration costs and thin capitalisation rules will hurt the oil and gas industry’s international competitiveness. As such, they are short-sighted given the current debate regarding debt, deficit, and the [...]
Santos Offshore Pty Ltd, the Operator of the Winchester-1 exploration well being drilled in the Dampier Sub-basin permit WA-323-P , offshore Australia, has announced that at 06:00 hours (WST) on Tuesday, 14 May 2013, the well was at a depth of 2875m MDRT (measured depth below rotary table) and is approaching the intermediate section total depth. Operations over [...]
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