Energy Voice | Uncertainty for workers as Chevron reveals plans to sell North Sea platforms

Hundreds of offshore workers are facing uncertainty after Chevron announced plans to sell the majority of its North Sea platforms. The American oil giant yesterday informed staff about plans to offload its Alba, Alder, Captain, Elgin/Franklin, Erskine, Jade and Britannia platforms along with the satellites belonging to the latter. Last night, scores of employees were […]

Energy Voice | BP raises Clair stakes with ConocoPhillips deal

Oil giant BP will increase its equity in the Clair field after agreeing to buy a 16.5% stake from ConocoPhillips. The transaction will lift BP’s interest in the west of Shetland asset to 45.1% from 28.6%, with ConocoPhillips retaining 7.5%. As part of the same deal, BP is selling its non-operated interests in the Kuparuk […]

Energy Voice | SBM to provide production vessel for Liza project

ExxonMobil has awarded SBM Offshore contracts to carry out front end engineering work on a second floating production vessel for the Liza development off Guyana. SBM Offshore will construct, install and then lease and operate the FPSO for a period of up to 2 years, after which it will transfer to Exxon. Exxon is the […]

Energy Voice | Equinor files £700m Troll development plan

Equinor today filed its £700-million-plus plans for further developing the huge Troll field off Norway. The firm said the third phase of the Troll development could yield 2.2 billion barrels of oil equivalent. Margareth Ovrum, executive vice president for technology, projects and drilling of Equinor, said the project would be one of the most profitable […]

Energy Voice | Tullow Oil ordered to pay Seadrill $254m in fees

A judge has ordered Tullow Oil to pay fees amounting to $254 million to Seadrill over the termination of a contract. In the English Commercial Court Justice Teare ruled that Tullow was not entitled to terminate its West Leo rig contract with Seadrill on 4 December 2016 by invoking the contract’s force majeure provisions. Tullow […]

Nexans’ Umbilicals for Next Phase of Equinor’s Troll Development

Nexans has been hired by Equinor to supply umbilicals required to power and control the subsea systems of the Troll field Phase 3 development, in the Norwegian North Sea. For the Troll Phase 3 development Nexans Norway will design, manufacture and supply static umbilicals that include high voltage power elements, high-pressure hydraulic lines, low-pressure hydraulic lines, a MEG (methanol and […]

Energy Voice | Modec in contention for Barossa FPSO

Japanese firm Modec is in contention to provide a floating production vessel for the Barossa project in Australia. Modec will participate in the FEED work on a competitive basis against a joint venture of two other contractors. Barossa is an offshore gas and light condensate project that proposes to provide a new source of gas […]

Polarcus Sees Vessel Utilization Increase

Polarcus, a Dubai-based seismic contractor, has recorded an increase in its vessel utilization during the second quarter of 2018. Quarterly vessel utilization increased to 85 percent from 75 percent in the second quarter of 2017. On the contracted basis the vessel activity has increased 6 percent, from 75 percent in Q2 2017 […]

Minesto Moves to Commissioning Phase of the DG500

Minesto has initiated the commissioning program of its first tidal energy project in commercial scale in North West Wales, with initial sea trials of the company’s DG500 tidal energy converter taking place in Holyhead harbour and the Holyhead Deep site. “The activities in Holyhead are progressing well and we are pleased to […]

Energy Voice | Saudis weigh up higher oil price as U.S. asks for more

Saudi Arabia will have to navigate a particularly delicate balance between chasing buyers and charging more for its crude when setting monthly prices for its biggest customers this week. On the one hand, OPEC’s biggest producer may be tempted to cut prices to entice Asian buyers and satisfy U.S. President Donald Trump’s call for it […]