SapuraKencana Energy Sarawak Inc. (SKE) announced the discovery of four non-associated natural gas wells in the SK408 Production Sharing Contract (PSC) area. These are the first four wells of a 10-well commitment in the SK408 PSC, a 4480sq km area…
Mitra Energy Ltd. entered into a farm-out agreement with AziPac for the partial assignment of Mitra's participating interest in the Bone PSC offshore Indonesia, the company announced on 9 June 2014. Under the terms of the agreement, Mitra…
Baker Hughes issued the May 2014 international rotary drilling rig count today, showing a total of 1024 rigs operating outside the US & Canada. International activity in May was up 4 rigs from the 1020 rigs drilling in April and up 68…
Premier Oil has announced a gas discovery on the Singa Laut-1 well in Tuna production sharing contract (Premier Oil operator, 65%) offshore Indonesia. The well penetrated 177ft of net gas-bearing reservoir quality sands within the targeted Oligocene sequence…
Salamander Energy has signed a non-binding heads of agreement with SONA to sell an effective 40% working interest in both the B8/38 concession (containing the Bualuang field) in the Gulf of Thailand and the surrounding G4/50 concession…
An oil tanker exploded and sank off the coast of Himeji, western Japan, on 29 May 2014. The mid-morning explosion and fire aboard the 998 tonne fuel tanker Shoko-Maru sent towering columns of smoke into the sky. The ship is owned by Syoho Shipping Co…
BP Azerbaijan awarded London's Wood Group a £36 million (US$60 million) call-off contract for the Shah Deniz 2 project under a 2007 global agreement. The contract covers subsea engineering and project management services during the subsea execute phase…
Australia’s AWE Limited announced that drilling on the Oi-1 exploration well in the Tui area oil fields, located off New Zealand in the Taranaki Basin, commenced on 30 May with the semisubmersible Kan Tan IV. Oi-1 is located approximately…
Houston’s Wison Offshore and Marine presented two concepts to the Pandora LNG joint venture partners for development of the Pandora gas field offshore Papua New Guinea, Cott Oil and Gas (40% interest) announced on 2 June 2014. Wison was…
Nido Petroleum Ltd., on behalf of SC 63 joint venture partners state-owned Philippine National Oil Co. Exploration Corp. (PNOC-EC) and Dragon Oil Ltd., announced that the Baragatan-1A well was spudded May 25. The wellsite is in Service Contract 63…
Deep Sea Supply has agreed a deal to buy 10 platform support vessels (PSVs) for US$366 million. The move will increase the firm's fleet from 30 to 40 vessels. Deep Sea Supply says the 10 PSVs will achieve attractive cash break even rates…
Seadrill has won a contract with Total Upstream Nigeria for use of its newbuild ultra-deepwater drillship West Jupiter (pictured), in support of the Egina ultra-deep offshore project in Nigeria. The contract is for five years and is worth about US$1…
Singapore-based marine and offshore engineering firm Sembcorp Marine has agreed entered to buy a 12% stake in Norwegian firm GraviFloat for US$4 million, with a right to increase its stake up to 20%. GraviFloat was formed to design, deliver and operate re-deployable…
Subsea 7 provides this animation of its new heavy construction vessel The Seven Arctic, which is under construction at Hyundai Heavy Industries (HHI) in South Korea, and due for delivery in 2016. The newbuild subsea construction vessel…
As Infield Systems prepares for the annual release of its Deep and Ultra-deepwater Market Report to 2018, we look to global development of the deepwater sector and the emerging trends over the forthcoming five years. Looking back over the previous five-year period…
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