S.D. Standard Drilling, through wholly owned subsidiaries, has agreed to acquire three ST-216L CD platform supply vessels (PSVs) from Volstad Shipping, increasing its fleet to 10 PSVs. The vessels are to be acquired for a total en-bloc consideration of US$40 million…
MISC Berhad has started the conversion of floating storage, and offloading unit (FSO) Benchamas 2 in a ceremony at the MMHE West Yard, Pasir Gudang, Malaysia. FSO Benchamas 2 will be a conversion of the Bunga Kelana 5, previously operated by AET…
As of January 2017, Rotterdam Offshore Group (ROG) has started to upgrade their facilities in the Waalhaven, Rotterdam. ROG has acquired the neighboring land and buildings to their existing premises allowing the significant expansion of their quayside…
Siem Offshore has canceled the fourth of four dual fueled platform supply vessels (PSVs) shipbuilding-contracts with Remontowa Shipbuilding in Poland, due to delay in the delivery. “The company is covered with refund guarantees from an…
Norwegian offshore construction vessel (OCV) operator Forland Shipping awarded OSM full technical management of its two OCV’s, the Fugro Saltire and the Lewek Inspector. OSM already provides the crew to the vessels. “We are very proud…
Chevron North Sea awarded Atkins a three-year framework contract for structural integrity services across selected fixed and floating platforms in the UK North Sea. The contract covers assets including the Alba Northern platform and topsides…
US explorer Park Place Energy has completed the US$2.1 million acquisition of three Turkish companies, the Tiway Companies, from Tiway Oil BV. Image from Park Place Energy. The…
Natural resources consultancy Wood Mackenzie says it expects a modest recovery to the oil and industry in 2017, underpinned by an improving oil price. Growth opportunities, including frontier exploration, small project sanctions and increased M&A…
Stabilizing oil prices have prompted producers to return to both shale and offshore projects, but the industry still needs to cut costs. A new workforce program offered by the University of Houston (UH) focuses on helping oil and gas…
China's CNOOC started production at its Enping 23-1 oil fields, in the Pearl River Mouth Basin of the South China Sea. The oil fields have an average water depth of approximately 90m, in which CNOOC holds 100% interest. There are currently three wells producing approximately 5600 b/d…
Amarinth, which specializes in the design, application and manufacture of centrifugal pumps and associated equipment to the oil and gas, petrochemical, chemical, industrial, power and renewable energy markets, has secured a further order…
Ampelmann has been awarded a contract by SBM Offshore Contractors in support of an FPSO (floating production, storage and offloading) maintenance campaign in the Espírito Santo Basin, Brazil. Ampelmann will provide an E-type system in January 2017 with a scope that includes transport…
New Zealand Oil & Gas (NZOG) entered a deal to secure a 50.01% holding in its Australian subsidiary, Cue Energy Resources. “Our controlling interest in Cue provides diversified exposure to Cue's production and exploration interests in Australia…
Operations at the Phoenix South-2 well have been safely completed and the rig has now left the drilling location, said Carnarvon Petroleum. The well drilled an estimated 39m hydrocarbon-bearing zone between approximately 5176-5215m with…
Petrobras has awarded the Brazilian built pipelay support vessel, Skandi Vitória, a contract of 532 days. The contract will commence in January. The vessel is owned through a joint venture together with Technip. Skandi Vitória is the first pipelay vessel built in Brazil…
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