Mexico’s Senate approved a new energy reform bill on Wednesday that will open the country’s oil and gas industry to private and foreign investment through production sharing agreements and licensing. President Enrique Pena Nieto’s ruling…
Offshore renewable energy was on the agenda when the International Marine Contractors Association (IMCA) held its first meeting of its long-established Europe & Africa Section in Germany. The meeting on Thursday, November 28, in Hamburg…
Saudi Aramco opened a research center in Cambridge (Boston), Massachusetts yesterday, the first of three new US research facilities the global energy giant will set up by the end of next year. The new center is adjacent to the Massachusetts…
FMC Technologies, Inc. will supply six work-class ROV systems to Tidewater Subsea for its subsea operations business. The systems will be supplied by FMC Technologies' schilling robotics business unit and are expected to be delivered year-end 2013…
PTTEP and Pertamina signed a 50:50 joint venture to buy Hess' assets off Indonesia for US $1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
The deadline for entries for this year’s Offshore Achievement Awards (OAAs) has been extended to December 9. Ambitious companies and individuals hoping to be recognised amongst the best and brightest that the UK offshore industry has…
The UK's Government has awarded a further 52 North Sea oil and gas exploration licenses, bringing the total number of awards offered in the 27th Round to 219. The figure represents a record, with the number of smaller independent companies being offered awards also representing a high level…
Oilfield services company Archer is to cut staff and close some bases as part of a restructuring plan. The firm, which provides drilling and well services, said to accelerate margin improvements and adapt to the “highly competitive North American land market”…
Premier Oil says production on the North Sea Huntington field has increased to 20,000 bbl/d as restrictions on the CATS pipeline continue to be lifted. Full production rates on the Voyageur Spirit FPSO, which produces the Huntington field…
Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…
Dutch walk-to-work technology company Ampelmann has acquired fellow Netherland’s based firm Offshore Solutions. Delft-based Ampelmann provides systems to safely transfer people and cargo from ships to offshore oil rigs or wind turbines…
Denmark’s Energy Agency (DEA) is due to launch its seventh licensing round for oil and gas exploration and production licenses in the Danish North Sea before the end of 2013, according to International Law Office. Image: DONG Energy's Siri platform…
Keppel Corporation and the National University of Singapore have agreed to set up the Keppel-NUS Corporate Laboratory, with backing from the National Research Foundation (NRF), to develop technological solutions for the offshore industry…
EQT VI has entered into an agreement to acquire Oslo-listed Aker Solutions ASA’s Well Intervention Services Business for an enterprise value of NOK 4 billion. “The acquisition has come to fruition through close cooperation with Aker Solutions…
McDermott International, Inc. announced today that one of its subsidiaries was awarded an engineering, procurement, construction and installation (EPCI) project for a customer in the Arabian Gulf. The contract is worth about US$200 million and includes the fabrication…
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