Killajoules

BW Offshore successfully completed USD 800 million bank loan
BW Offshore has signed the facility documentation for the new USD 800 million ten year senior secured credit facility for the Catcher FPSO project. The facility is a combined construction and long term financing facility. The credit facility was substantially oversubscribed by a group of 13 leading international banks.

MOL extends its upstream portfolio in the Central North Sea
MOL Plc. hereby informs the capital market participants that in line with the company’s active portfolio development strategy, MOL has executed a Sale and Purchase Agreement with Premier Oil UK Limited (“Premier”) to acquire shareholding interest in Central North Sea offshore assets in 6 licences. The portfolio includes non-operated equity stakes in the Scott (21.84% unitised Working Interest (“WI”)), Rochelle (15% unitised WI) and Telford (1.59% unitised WI) fields, as well as participating interest in further exploration licences such as the Rochelle Upper Jurassic deep prospect.

Sterling Resources Announces Successful Breagh Well A07 Fracture Stimulation and Well Test
Sterling Resources Ltd. (TSX-V: SLG) ("Sterling" or the "Company") is pleased to advise that fracture stimulation and production testing of Breagh well A07 have been successfully completed.

KBR wins Maersk Oil FEED Contract for the Culzean Field Development Topsides
KBR Inc. (NYSE: KBR) has announced today that it has been awarded a contract by Maersk Oil for topsides front end engineering and design (FEED) for the Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production (UK) Limited and Britoil (BP) have chosen a new standalone facility to develop the Culzean discovery.

Subsea 7 S.A. awarded $460 million contract in North Sea
Subsea 7 S.A. (Oslo Børs: SUBC; the Company) has been awarded its largest UK EPIC services contract, valued in excess of $460 million by Premier Oil UK Limited, in support of its Catcher Area Development, located 180km east of Aberdeen in Central North
Sea Block 28/9.

The contract covers the provision of project management, engineering, procurement, construction, fabrication and installation of Catcher’s subsea facilities. The scope includes three pipeline Bundles incorporating Butting BuBi® Mechanically Lined Pipe, a riser system for the Catcher Floating, Production, Storage and Offloading (FPSO) unit, and installation of a 10”, 60 km gas export/import pipeline. Subsea 7’s office in Aberdeen will undertake the engineering and project management scope, with fabrication work to take place at the Company’s Wick and Leith facilities. Offshore activities utilising a number of Subsea 7 vessels will commence in 2015.

Phil Simons, Subsea 7’s Vice President, UK and Canada, said: “We are extremely pleased to be awarded this major EPIC contract, which is of significant importance for both Subsea 7 and Premier.

Chestnut FPSO contract and field life extended for another year
Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) Atlantic Petroleum UK Limited today announces that Centrica Energy on behalf of the Chestnut joint venture (Licence P.354) has entered into a further agreement with Teekay Hummingbird Production Limited, to secure the use of the Hummingbird Spirit FPSO until end March 2017 (from the current March 2016) and thereby extend the Chestnut Field life by at least a further year.

Technip awarded contract for the extension of subsea infrastructure on the Alvheim field in the North Sea
Technip was awarded by Marathon Oil Norge a contract for the extension of subsea infrastructure on the Alvheim field, located on the Norwegian Continental Shelf. The scope of work includes installation engineering, procurement, fabrication, installation and tie-in of spools and protection covers as well as installation of one manifold. The subsea operations will mainly be performed with divers at a water-depth of approximately 120 meters in this area.

Jumbo installs North Sea FPSO mooring spread
This year saw Jumbo complete stage one in the first offshore installation contract undertaken as main contractor. Using the J-class vessel, Fairplayer, Jumbo successfully installed an FPSO mooring spread for client EnQuest in the North Sea Alma and Galia field. The second stage of the project will take place in 2014. This will see the EnQuest Producer, currently in Newcastle upon Tyne, UK, hooked up to the mooring spread.

UK Operations & Maintenance Extension For Wood Group PSN
Wood Group PSN (WGPSN) has been awarded a one year operations and maintenance contract extension from Chevron North Sea Limited.

Deltamarin designs FPSO unit for Bumi Armada
Deltamarin strengthens its position in the offshore oil and gas industry by signing a contract with Bumi Armada, for the basic design of a floating production, storage and offloading (FPSO) unit.