Global offshore drilling giant Transocean has set back the delivery date for five new jackup rigs by nearly four years. In an agreement with rig builder Keppel Offshore & Marine's shipyard, Keppel FELS, delivery of the five Super B 400…
The depressed oil price environment is painting a gloomy outlook for North American exploration and production (E&Ps) companies, and further, significant CAPEX cuts are needed in order for the group to demonstrate real financial discipline and align spending more closely with cash flow…
Italian oil major Eni has completed its first appraisal well on the giant Zohr gas discovery in the deep water Shorouk block offshore Egypt. The firm, which is now preparing for a well test, says the latest well on Zohr confirms the Zohr…
Germany’s Hansa Heavy Lift has appointed Mark Preece as its new senior advisor to help the company grow its presence in the global offshore industry. Preece. Image from Hansa Heavy Lift. Preece…
Amarinth has delivered four sodium hypochlorite dosing pumps manufactured in titanium alloy to ADMA-OPCO for use on the Umm Lulu Development Project offshore of Abu Dhabi. Amarinth were approached by Cumberland to tender for the pumps on a tight 24 week delivery for the Umm Lulu platform…
Materials technology is being challenged to its limits in the deepwater and high-temperature applications the oil industry is heading into. Technip’s Alan Rutherford outlines work to make umbilicals fit for purpose in this area. Thermoplastic hose…
Ice cover in the far north isn’t static, but varies in extent with the seasons and from year to year. Thanks to the Gulf Stream, the southern Barents Sea is usually ice-free all year round, but icebergs and sea ice can pose a real threat to installations if they collide…
Offshore lifting products and services related firm Sparrows Group has won a five-year deal with Abu Dhabi Marine Operating Co. (ADMA-OPCO) in the Middle East. The successful retender through the company’s local partner, Abu Dhabi Oilfield Services…
A new super complex at the heart of the future development of the Nasr oil field, offshore from Abu Dhabi in the United Arab Emirates, is to be powered by Nexans' subsea cables. Nexans has been awarded contract worth around US$100 million by engineering…
The shareholders of Norwegian driller Northern Offshore approved a takeover deal by China's Shangdong Offshore. The acquisition will be done by amalgamation according to the law of Bermuda for US$0.96 per share, valuing Northern at $164…
ABB received orders from Hyundai Heavy Industries for electrical and telecommunication systems. The order is worth around US$100 million, with about half booked in the 4Q of 2014, almost $27 million in the 1Q of this year and $20 million in 2Q…
Datum360 has been awarded - and has already successfully delivered - a US$1.05 million (£685,000) contract by Total to provide a data warehouse for the ground breaking Martin Linge project in the Norwegian North Sea. Currently under construction…
Houston headquartered Apache Corporation has shaken up its leadership team and regional operating structure to 'streamline' the business, including creating an 'offshore' division. The move includes creating 'more integrated, super-region structures…
Exploration in deeper waters is driving technology development, not least in subsea inspection. Meg Chesshyre reports. Diver-based pipeline scanning. Images from FORCE Technology. Denmark’s FORCE Technology…
Battered by the ramifications of rapidly declining oil prices, oil and gas company share prices continued to fall in 1Q 2015, but the share price declines have lagged behind the drop in oil prices, suggesting the market is pricing a recovery into the stocks…
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