Tidal energy firm Atlantis is looking to form a joint venture to develop a 150MW tidal stream site off Indonesia. The firm is joining forces with SBS, a privately owned international marine, subsea and renewable energy developer, which…
GE Oil & Gas has started production of four high-pressure, high-temperature (HP/HT) dynamic flexible risers destined for the world’s largest floating liquefied natural gas (FLNG) facility, Prelude, to be operated by Shell, located 250km off the coast of Western Australia…
Swedish exploration and production firm Lundin Petroleum is to sell the floating production vessel Bertam to Malaysian state-backed M3nergy for US$265 million. The deal, expected to complete in Q1, is subject to certain completion conditions…
Image from IOG. Murphy Oil encountered hydrocarbon pay at its Thunder Bird sidetrack well in the Gulf of Mexico, but has decided to plug and abandon the well, due to the low oil price environment…
Sweden's Lundin Petroleum has agreed to sell its Indonesian oil and gas assets to PT Medco Energi Internasional TBK for US$22 million. The Indonesian assets include a non-operated interest in the producing Singa gas field and operated…
The Global offshore support vessels industry is estimated to grow from US$39.4 billion in 2014 to $69.34 billion by the end of 2020 at a CAGR of 9.88%, according to a new report by Mordor Intelligence on the Global Offshore Support Vessel Market…
Engineering firm Plexus has agreed a collaboration deal with China Oilfield Services Ltd. (COSL), Red Sea Technologies (RST) and Plexus' Chinese licensing partner Yantai Jereh Oilfield Services Group, to explore for shallow water subsea and crossover wellhead production systems in China…
The future of offshore oil and gas exploration will be exploited with high-specification jackups and ultra deepwater (UDW) drillships capable of working in high-pressure, high-temperature (HPHT) environments, according to pure-play, high-specification offshore driller…
AziNam, an offshore, Namibia-based exploration company, received government approval to assume operatorship of Petroleum Exploration License (PEL) 34 offshore Namibia. During 2014, AziNam increased its working interest in PEL 34 from 20% to 40%…
Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating…
Celera Support Services has broken into the Middle East market with its largest ever contract win. The firm has landed a £1.5million deal with diving and marine services firm Subtech in Qatar. The Scottish business, which was set up less than three years ago…
Ophir Energy has confirmed that it has made an offer to the board of Salamander Energy setting out the terms of a possible takeover. Ophir says there is a “compelling strategic logic for a combination of the two businesses,” with assets in both Africa and South East Asia…
Alex Imperial has taken over as DNV GL Oil & Gas’s regional manager for South America just as the company is creating a dedicated research unit in Brazil. Imperial recently left Singapore, where he was Director for DNV GL’s Deepwater Technology Centre…
Semco Maritime and PetroVietnam Marine Shipyard (PVMS) establish Vung Tau Rig Services in Vietnam to repair, refurbish and upgrade rigs. Semco Maritime and PVMS have worked together since 2012 and aim to offer high quality and cost efficient solutions…
The Energy Industries Council (EIC) announced today that Azman Nasir is to become the EIC’s new Head of Asia Pacific. Azman, who has 24 years’ experience in the transport, railway, oil & gas and marine industry sectors, will be based…
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