According to the United States Geological Survey, the area above the Arctic Circle holds approximately 90 billion barrels of undiscovered, technically recoverable oil and an estimated 1,670 trillion cubic feet (Tcf) of technically recoverable natural gas…
Super major Shell is curtailing its spending by more than US$15 billion over the next three years and has futher options to reduce spending, the supermajor announced this morning, citing the dramatic, nearly 60% drop in oil prices over the past six months…
Dubai-based rig builder Lamprell has completed the jackup drilling rig, the Shuwehat for Abu Dhabi’s National Drilling Company (NDC) on time, budget and schedule. The delivery to NDC follows a 12 November announcement of a new contract with the firm…
The Ministry of Energy and Energy Affairs (MEEA) for the Republic of Trinidad and Tobago signed contracts yesterday, awarding two deepwater blocks to the BHP Billiton - BG International consortium. L-R: TT Energy Minister Kevin Ramnarine…
Keppel AmFELS, a wholly-owned US subsidiary of Keppel Offshore & Marine, delivered the Coatzacoalcos jackup rigto Mexico’s Central Panuco S.A. De C.V., a subsidiary of Mexico's Perforadora Central S.V. De C.V. (Perforadora Central). The Coatzacoalcos…
National Drilling Company (NDC), Abu Dhabi, awarded Lamprell a US$365 million contract for the construction and delivery of two high specification jackup drilling rigs of a Super 116E (enhanced) class. Under the contract terms, NDC has…
Unique Wellube, a division of Unique Maritime Group (UMG), exhibiting at ADIPEC this week, recently supplied Abu Dhabi Marine Operating Company (ADMA-OPCO) with mechanical seal plugs for a significant pipeline isolation project. ADMA-OPCO…
Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons…
Polarcus Ltd. says the beginning of a major new RightBAND multi-client project over the Roebuck Basin, offshore North West Shelf, Australia, is underway. Image from Polarcus. The Capreolus 3D survey will comprise approximately 15…
JDR is to design and manufacture a hybrid power steel umbilical for Wintershall Noordzee's Ravn field development in the Danish sector of the North Sea. JDR’s will deliver an 18.2km-long umbilical which will provide power and control…
Three tugs of Fairmount Marine have towed the new floating production, storage and offloading (FPSO) vessel Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest FPSOs for harsh environments, was delivered to the port of Haugesund…
Technip Umbilicals awarded Vallourec a contract for the Total-operated West of Shetland Edradour project in the UK. For the first industrial order, Vallourec will deliver super duplex welded tubes for umbilicals, a key component in subsea installations…
One of the biggest oil events in the global calendar opens in Stavanger on Monday, with speakers, exhibitors and delegates expected from all corners of the globe. The last event, held in 2012, attracted nearly 60,000 visitors, 1264 companies…
Harkand has been awarded a contract to support Apache's North Sea business with inspection, repair and maintenance work (IRM) as well as light construction (LC). The award includes provision of vessels, ROV and diving services for three years…
Greek exploration firm Energean Oil & Gas is starting a €165 million investment program in Prinos, North Prinos and Epsilon in the Gulf of Kavala after acquiring the Energean Force drilling rig. Energean said acquiring the Energean Force…
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