Murphy Oil has started drilling the Bamboo-1 exploration well on the Ntem concessions, offshore Cameroon, using the Ocean Confidence(pictured) fifth generation semisubmersible drilling rig. The well, about 56km off the coast, has an estimated…
Keppel FELS has won a contract from a subsidiary of UMW Oil & Gas Corporation (UMW Oil & Gas) for a KFELS B Class jackup rig worth US$218 million. It will be the third KFELS B Class jackup rig for UMW Oil & Gas and is scheduled for delivery in 3Q 2015…
Wood Group Kenny Pty Ltd. (WGK) and TRAC Oil & Gas Pty Ltd. (TRAC) signed a formal MoU for the provision of integrated integrity management, inspection, verification, non-destructive testing (NDT) and rope access solutions to conventional oil…
MacGregor, part of Cargotec, won an order worth around US $31 million for six active heave-compensated (AHC) subsea cranes from the Dutch IHC Merwede. The cranes will be installed on three pipe-laying ships destined for the UK headquartered global offshore specialist…
IHC Merwede has been successful in securing orders worth US$473 million for a wide range of dredging and offshore vessels and equipment. The company’s dredging division has won new contracts for the delivery of a large custom-built trailing suction hopper dredger…
SNC-Lavalin Group Inc., is opening its regional head office for the Middle East and Africa in Abu Dhabi. The opening of the office, an important milestone in SNC-Lavalin's development, coincides with a contract the company recently signed with Ma'aden in Saudi Arabia…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
Total is to sell its 15% interest in the offshore Angola Block 15/06 to Sonangol E&P for about $US750 million. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus…
Aberdeen-based oil and gas services firm Sparrows' chief executive Doug Sedge is to stand down after four and a half years with the company. Stewart Mitchell will take over as chief executive of the firm on 10 March 2014. During his tenure…
Dubai-based offshore marine firm Stanford Marine has secured a 5-year contract with Total E&P Angola for use of the Stanford Hawk. Total E&P Angola (TEPA) awarded Stanford Marine a 5-year contract, with two, 2-year options, scheduled to start by the beginning of February 2014…
Royal Boskalis Westminster subsidiary, Dockwise, said that it has won several contracts throughout January 2014, worth a total of US$65 million. Statoil awarded the largest contract to the firm, for the transportation of two jackup rigs from South Korea to Norway…
Aker Solutions recently completed the sale of its mooring and loading systems to Finland-based Cargotec’s subsidiary, MacGregor. The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as…
Tracerco is expanding its reservoir-tracing services in the Middle East with a move to a larger premises in Oman and a new purpose built lab in Abu Dhabi, adding to the existing operational base. The new Oman building sits in an industrial area of Muscat called Al Jufneen…
Royal Dutch Shell has said it will quit its 2014 plans for drilling offshore Alaska, cut capital spending, and increase the pace of assets sales, the oil major’s CEO Ben van Beurden (pictured) announced today. Shell's U-turn on Alaskan drilling follows a profit warning last week and…
Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil…