GLOBAL OFFSHORE UPDATE

An oil and gas worker on a Talos Energy LLC platform in the U.S. Gulf of Mexico was killed on Saturday, February 17 while replacing piping, the Bureau of Safety and Environmental Enforcement (BSEE) reported.

OKEA AS and Halliburton have announced that they have signed a well construction services agreement to implement Halliburton

Demand for the global oil and gas offshore supply vessel (OSV) market has declined an average of 10% annually since 2014 and will continue to fall at approximately this same rate through 2017, according to analysis from IHS Markit. “Despite a significant decline in operator demand for offshore supply vessels, such as platform supply vessels (PSV) and anchor handling tug supply vessels (AHTS), the global OSV fleet continues to grow,” said Erik Simonsen, CFA, senior manager of energy costs and technology at IHS Markit, and lead author of the analysis entitled, IHS Energy: When Will the AHTS and PSV Market Recover? “This growth comes as a result of excessive new OSV orders placed during several years of growth before the oil and gas industry went into decline. As a result, we expect overall utilization for these vessels will stay below 60% through 2020, which is extremely low.” A PSV is a ship specially designed to supply offshore oil and gas platforms. The primary function for m...

EnQuest announced Monday that the FPSO vessel for the Kraken development has completed its shore-based commissioning activities at the quayside in Singapore.  The vessel’s inclination testing program has also been completed. The vessel has left the yard and is now sailing to its deepwater anchorage, to undertake commissioning work on the water injection pumps, HSP power fluid pumps, sulphate reduction packages, lifeboats and fire, water and deluge systems. The FPSO is on schedule to sailaway to the North Sea during this quarter. The journey should take approximately 50 days, bringing the vessel to Kraken field on course for first oil in first-half 2017. Kraken is a large heavy oil accumulation in the UK North Sea. Source: Global oil and gas Please leave comments and feedback below

Subsea 7 has started formal one-to-one consultations with hundreds of staff in Aberdeen. The move comes after the company revealed further plans for global resizing and reduction earlier this year. The company is expected to cut 430 of its UK jobs by the end of the first quarter of next year. It’s understood an estimated 230 roles could go in Aberdeen. Staff were reportedly told of the move in July. It comes on the same day it was was revealed the company is still looking to lease out its West Campus in Aberdeenshire almost a year after it began to move staff across to other buildings. Subsea 7 currently employs 1,500 people in the UK. The company said it aims to further reduce its headcount from about 8,000 by early 2017, down from a current level of 9,200.