Rosneft and PDVSA entered into a cooperation agreement to implement offshore projects in the Rio-Caribe and Mejillones blocks, which is phase II of the Mariscal Sucre project. Both companies expressed interest to reach an agreement on key technical requirements…
Lime Petroleum Norway, a jointly-controlled entity of Malaysia-based Hibiscus Petroleum Berhad and Singapore-based Rex International, surrendered three licenses in the North Sea, following the deadline for a drill or drop decision by 23 July 2014…
Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…
ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation. Over the next five years, ABS and MPA will collaborate on maritime…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
Australia-based Octanex and its joint venture partners have secured financing for the development of Ophir field, offshore Malaysia. A letter of offer was accepted for syndicated term loan facilities of up to nearly US$118.8 million for…
Crowley Maritime Corp. will christen the new ocean-class tug, the Ocean Sky, in Houston tomorrow. The 156-ft long Ocean Sky is the fourth of Crowley's new ocean-class tugs to leave the Bollinger shipyard, following its sister ship, the Ocean Sun…
Petronas' Bentara field in the Balai cluster risk service contract (RSC) area located offshore Sarawak, Malaysia saw its first oil production on 25 May. BC Petroleum developed and operates the field, which is expected to produce around 1000b/d…
Semco Maritime and PetroVietnam Marine Shipyard (PVMS) establish Vung Tau Rig Services in Vietnam to repair, refurbish and upgrade rigs. Semco Maritime and PVMS have worked together since 2012 and aim to offer high quality and cost efficient solutions…
Talisman Energy has confirmed that it has been approached by Spain's Repsol over 'various transactions.' Repsol has been reported to have been considering a bid for Canada-based Talisman, Bloomberg reported. A statement from Talisman…
Cooper Energy Ltd. announced that the Elliston-2 oil development located in PPL 249 on the western flank of Cooper basin in South Australia, spudded and of 22 July, the rig was drilling a 12 ¼ in. hole at 162m. Elliston-2, a vertical well located 250m south-southwest of Elliston-1…
Flexible Engineered Solutions International (FES) and Francis Brown Ltd. completed contracted work on Inpex’s Ichthys liquefied natural gas project off Australia. FES supplied diverless bend stiffener connectors (DBSC) for the floating production…
2H Offshore has joined Blue Mining, an international consortium comprised of 19 industry and research organizations, to develop deepwater mining solutions. Over the next four years, the European Commission-funded project is developing…
Singapore's Maritime and Port Authority (MPA) has said three people have died after a semisubmersible barge underdoing trials sank 2 nautical miles northeast of Sekupang, Batam, Indonesia, on Friday (18 July). The barge was the POSH MOGAMI…
Det norske announced its 2Q 2014 financial results on 17 July. Among other financial highlights and activity, the company discussed its agreement to acquire Marathon Oil Norge for US$2.1 billion. Announced 2 June 2014, the transaction is expected to close 4Q 2014…
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