Atwood Oceanics, Inc. has agreed to sell its standard jackup drilling unit, The Vicksburg, to Gulf Drilling International Ltd (Q.S.C.) for US$55.4 million. The sale is expected to close in early 2014 following the completion of the unit's contract with CEC International…
Two banks have joined Bank of Scotland to provide a £90 million funding package for oil and gas engineering group EnerMech. EnerMech said the addition of backing from Norwegian bank DNB and HSBC to that of its support from Bank of Scotland reflected its recent growth…
Life-saving equipment firm Viking has bought a major stake in IT startup Saatsea. The firm, which will be renamed Viking Saatsea, provides cloud-based onboard training and competence management systems to industry. It was set up…
Corac Group subsidiary Corac Energy Technologies (CET) has signed an amendment to its contract with Aramco Overseas Company, a subsidiary of Saudi Aramco, for a revised scope of work to develop an in-pipe gas compressor (IGC). The amendment will enable CET to support the design…
Bluefin Robotics, an autonomous underwater vehicles (AUVs) provider, owned by Battelle, has acquired SeeByte, Ltd., a company that provides autonomous platform software. SeeByte, headquartered in Edinburgh, Scotland, will operate as a wholly-owned subsidiary of Bluefin…
Aker Solutions has secured a three year contract for the first phase of decommissioning the Murchison platform in the North Sea, operated by CNR International (UK). Aker Solutions will manage the engineering design, procurement and offshore…
Tanzania’ government has announced that the delayed 4th Licensing Round is to be launched later this month. Seven deepwater offshore blocks and the Lake Tanganyika North offshore block will be available in the round, to be launched in Tanzania’s capital Dar es Salaam…
Keppel Offshore & Marine signed a memorandum of understanding (MOU) with PEMEX Exploración y Producción (PEP) and PMI Norteamérica, S.A. de C.V. (PMI) to jointly develop, own and operate a yard facility in Mexico specializing in construction…
On Oct.1, Brazil's National Petroleum Agency (Agência Nacional do Petróleo, ANP) said that 11 companies were registered and qualified to bid for pre-salt licenses at the upcoming Santos basin auction. The ultra-deepwater Libra field is estimated…
Goldman Sachs, ATP and PFA have agreed to invest DKK11 billion in DONG Energy - with a final agreement expected to be concluded before the end of 2013. The Danish state, represented by the ministry of finance, and DONG Energy, have reached…
Daewoo Shipbuilding & Marine Engineering (DSME) awarded VWS MPP Systems, a subsidiary of Veolia Water Solutions & Technologies, a contract to supply a macro porous polymer extraction water purification (MPPE) unit for the Ichthys LNG project FPSO…
Premier and Rockhopper Exploration plc have signed a heads of agreement with Falkland Oil and Gas Limited (FOGL) to farm-in to licences PL004a and PL004c, conditional on the completion of this morning’s announced combination of FOGL and Desire Petroleum plc…
Lundin Petroleum AB and its partner Gunvor Group signed a heads of agreement with Rosneft Oil Company to jointly sell 51% of PetroResurs LLC. PetroResurs, the Russian subsidiary of Lundin, is the 100% owner of the Lagansky block license…
Oceaneering International, Inc. has commissioned the construction of a subsea support vessel from BAE Systems. Expected delivery of this vessel is by the end of 1Q 2016. This vessel will be US-flagged and documented with a coastwise endorsement by the US Coast Guard…
Petrobras awarded Prysmian Group a contract worth approximately US$260 million for umbilicals. The award is related to a previous frame agreement covering 360km of umbilicals, most of it to be used in pre-salt fields. The contract comes…
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