Reef Subsea is to restructure its business into two divisions - one focused on integrated subsea projects and to be led by a new managing director. Reef Subsea Integrated Projects, formed by the merger of Reef Subsea Power & Umbilical and Reef Subsea Norway…
Atwood Oceanics, Inc. announced that one of its subsidiaries has been awarded a two-year contract extension by CEC International, Ltd. for the jackup Atwood Manta. The extension is priced at a day rate of $159,500 in Thailand and begins December 2…
Wärtsilä has been contracted to supply propulsion solutions for six new offshore pipe laying vessels being built by IHC Merwede. Three of the ships are to be built for Subsea 7. The other three vessels have been ordered by Seabras Sapura…
Fugro has been awarded a large, three-year survey contract by Total E&P Angola, with an estimated value of US$26 million, to support its development programs offshore Angola. The contract includes the provision of offshore positioning services…
Great Yarmouth, UK, headquartered energy services firm 3sun Group has bought RRC Controls Services as part of its plans to grow in Aberdeenshire. RRC, based in Gourdon, Aberdeenshire, manufactures subsea control systems for the offshore oil and gas industry…
The group chief finance officer of United Arab Emirates-based rig builder Lamprell is to leave the business. Frank Nelson, who joined Lamprell last year, is to return to the UK for personal reasons, said Lamprell, which is due to announce its half year results tomorrow (August 29)…
Statoil has made a third discovery of crude oil in the Flemish Pass basin, offshore Newfoundland. The discovery was made on the Bay du Nord prospect (EL1112), located approximately 500km northeast of St. John’s, Newfoundland and Labrador…
The International Association of Drilling Contractors (IADC) announced the formation of the Well Control Institute (WCI), a new industry body which will provide the drilling industry with a single, universal well control training and assessment standard…
Calgary-based BP Exploration (Canada) Ltd. has proposed a 3D seismic acquisition program over Exploration Licenses 2431, 2432, 2433 and 2434 (shown in dark green, center of map at right). The blocks are 230 to 370 km southeast of Halifax…
UK oil industry body Oil & Gas UK held a meeting with about 80 representatives from operators and major contractors today (Monday) after a helicopter carrying offshore workers crashed off the Shetland Islands, killing four. The CHC Helicopter…
In June 2013, Malaysia's Yinson Holdings Berhad made a conditional offer to acquire Norway's Fred. Olsen Production ASA ('FOP') for NOK995.74 million (US$172.1 million), or NOK 9.40/share that was approved by the FOP board. On 4 July 2013…
ALS entered into an agreement to acquire Reservoir Group for US $533 million (9.6 x Reservoir's FY2013 EBITDA). The transaction follows extensive due diligence undertaken by ALS on Reservoir as a part of an exclusive sale process. Reservoir…
Upstream oil and gas investment on the UK Continental Shelf (UKCS) reached a record £13.5 billion this year, according to a new study. But, despite the high spending, production efficiency continues to be an issue in the North Sea, says Oil & Gas UK’s 2013 Economic Report…
Vince Cable, MP, secretary of state for business, innovation and skills (BIS) is to speak at SPE Offshore Europe 2013 at one of the conference’s keynote sessions. The session, The technology imperative – collaborating today to realise the next 50 years of North Sea potential…
Dutch international coating contractor Venko, which specialises in fabric maintenance, has set up its first UK base in the Great Yarmouth and Lowestoft (New Anglia) Enterprise Zone. The company was attracted by the incentives offered…
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