Det norske to acquire Marathon Oil Norge for $2.1bn
Norway-based oil exploration and development firm Det norske oljeselskap agreed to acquire Marathon Oil Norge for NOK12.6bn ($2.1bn).
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The acquisition includes the Marathon Oil-operated Alvheim floating production, storage and offloading vessel, ten company-operated licenses and several non-operated licenses on the Norwegian Continental Shelf in the North Sea.
Marathon Norway’s operational experience from the Alvheim fields adds to Det norske’s exploration and development capabilities.
Upon completion of the acquisition, Det norske will have 202 million barrels of oil equivalent of 2P reserves.
Total to sell stake in Angola offshore block for $750m
Total announced it is set to sell its 15% participating interest in the Angola offshore block 15/06 for $750m to Sonangol.
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By GlobalDataLocated approximately 350km north-west of Luanda in deepwater offshore Angola, the block 15/06 covers around 2,984km², with a water depth ranging from 220m to 1,700m.
At present, the north-western hub of the block is under construction and is expected to produce this year.
A final investment decision for a north-east project was set to be taken last year.
Amec offers $3.2bn to buy Foster Wheeler
British engineering firm Amec made a $3.2bn cash-and-shares offer to buy Switzerland-based engineering firm Foster Wheeler as part of its strategy to boost its geographical presence and revenues, especially in faster-growing regions.
Foster Wheeler shareholders would receive 0.9 new Amec shares and $16 in cash, valuing the Swiss firm at $32 a share.
Amec plans to fund the acquisition through a combination of existing cash and new debt financing.
Odfjell Drilling takes delivery of Deepsea Aberdeen semi-submersible rig
Odfjell Drilling received its latest ultra-deepwater semi-submersible rig, which is set for a seven-year contract with BP in the West of Shetland region.
The Norwegian contractor took delivery of the Deepsea Aberdeen from South Korea-based Daewoo Shipbuilding & Marine Engineering (DSME).
Deepsea Aberdeen adds to Odfjell Drilling’s fleet of harsh environment and ultra-deepwater drilling units.
Production starts at Manora oil field in Gulf of Thailand
Production started at the Manora oil field in the G1/48 concession of the Gulf of Thailand.
Mubadala Petroleum operates the concession and holds a 60% interest via its affiliate Pearl Energy.
Australia-based Tap Energy holds a 30% interest, while Thailand-based Northern Gulf Petroleum owns the remaining 10% stake.
Production from two wells is increasing from the initial combined rate of 2,200 barrels per day and is estimated to reach a peak rate of around 15,000 barrels per day in the first quarter of this year.
Heerema Hartlepool to support Maersk Oil UK’s Culzean project
Heerema Hartlepool secured a contract to support Maersk Oil North Sea UK’s Culzean development project.
The contract requires Heerema to provide engineering, procurement and construction (EPC) of the project’s well head platform (WHP) jacket.
Heerema will construct the WHP jacket and piles, as well as the well-head access deck and access ways.
The well-head access deck and access ways will be fabricated in Hartlepool, while the WHP jacket is planned to be built in Vlissingen, the Netherlands.
Rosneft discovers oil at offshore Arctic well
Rosneft completed drilling at the Universitetskaya-1 well in the Arctic and discovered oil at the East-Prinovozemelskiy-1 licence area in the Kara Sea.
The company said the sea depth at the drilling site is 81m, while the designed depth of the vertical well is 2,113m.
The drilling resulted in obtaining samples of rock, drilling a pilot hole with an 8.5in diameter at a depth of 600m and collecting horizontal core samples.
Noble Energy acquires 50% stake in BP’s exploration leases in Gulf of Mexico
US-based energy company Noble Energy entered into an agreement to acquire ownership of 17 deepwater exploration leases in the Gulf of Mexico from BP Exploration & Production.
As per the agreement, the company will acquire a 50% working interest in 13 leases and an average 26% working interest in four leases, all of which are located in the Atwater Valley protraction area.
Noble Energy Gulf of Mexico, West Africa and Frontier senior vice-president Susan Cunningham said: "The deepwater Gulf of Mexico is one of Noble Energy’s core areas and today we have expanded our opportunity set there through the successful capture of a number of attractive and sizeable prospects.
"We have multiple opportunities for substantial hydrocarbon discovery in the near-term, with the Katmai prospect results expected by our second quarter earnings call and the Bright prospect anticipated to be at total depth by the end of the third quarter."
Chiyoda wins $1.1bn contract for Indonesian FPU project
Chiyoda subsidiary Chiyoda International Indonesia secured a contract from Eni Muara Bakau for the engineering, procurement, construction and installation (EPCI) of a new barge floating production unit (FPU) at Jangkrik and Jangkrik North East gas field development in Indonesia, for approximately $1.1bn.
Chiyoda received the contract in collaboration with Saipem Indonesia, Tripatra Engineers and Constructors, and Hyundai Heavy Industries.
Scope of the contract comprises engineering, procurement, fabrication of the FPU (hull and topside) and installation of a mooring system, along with hook-up, commissioning and assistance to the start-up.
Nigeria demands Shell pay $4bn for 2011 offshore oil spill damage
The Nigerian Parliament demanded Shell pay about $4bn for the damage caused by an oil spill at its Bonga offshore field in December 2011.
The non-binding decision from the parliament committee followed analysis by several state agencies in Nigeria that proposed fines of around $11.5bn.
A report by the National Oil Spill Detection and Response Agency (NOSDRA) estimated that approximately 40,000 barrels were spilled into the sea.
Subsea 7 wins $110m contract from Shell for BC-10 project in Brazil
Subsea 7 was awarded a contract valued around $110m by Shell for the installation of jumpers, umbilicals and associated subsea structures for the BC-10 phase 3 project.
Shell operates the Parque das Conchas (BC-10) project offshore Brazil, in which it holds a 73% interest.
BC-10 lies in approximately 1,780m of water in the Campos Basin offshore Brazil.
Alfa Laval to acquire Norwegian offshore pumping group for $2.17bn
Swedish engineering group Alfa Laval signed an agreement to acquire Norwegian marine and offshore pumping group Frank Mohn for NOK13bn ($2.17bn).
The acquisition adds a new portfolio of pumping technology to Alfa Laval’s existing range of fluid handling equipment.
Alfa Laval Group president and CEO Lars Renström said: "The combination of Frank Mohn and Alfa Laval will provide a very attractive offering of products, systems and services, and it will strengthen our leading position as a provider of critical systems for ships and offshore oil and gas production units, with unmatched service capabilities."
