Actuant Corp. to acquire Viking SeaTech (Viking). The purchase is subject to customary regulatory approvals and closing conditions, and is expected to be completed within 45 days. The US$225 million purchase price will be funded from the Actuant Corp…
China National Offshore Oil Corp. (CNOOC) signed production sharing contract (PSC) with Shell China Exploration and Production for Block 35/10 in Yinggehai Basin, west of the Hainan Island, China, in the South China Sea. Block 35/10 covers a total area of 3…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…
Newly released remotely operated vehicle (ROV) statistics from the International Marine Contractors Association (IMCA) show there has been an increase of members’ ROV-based construction, drill support and cable-laying activities since IMCA started collecting figures on a worldwide basis in 2009…
Hamilton, Bermuda-based Seadrill Ltd. has entered into contracts to build two high-specification, jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during Q2 and Q3 2016…
Severn Glocon Group acquired HPHT company, Calidus Engineering. Now renamed Severn Subsea Technologies Ltd., the company will provide research, development and test facilities to enhance Severn Glocon’s subsea valves capability. A former subsidiary of Badger Explorer (Norway)…
EPC Offshore was acquired by Costain, one of the UK's Tier One engineering solutions providers. The deal marks the launch of Costain Upstream, a new divisional operation combining EPC Offshore’s capabilities with ClerkMaxwell, the oil…
Norway's PG Marine Group is to provide six of its PG-MACS tanks for a newbuild dual-fuel platform supply vessel (PSV). The vessel, to be built at the Remontowa Shipyward, Romania, will be operated by Siem Offshore on long term charter to Norske Shell…
The US Dept. of the Interior's Bureau of Ocean Energy Management (BOEM) announced final details for the Western Gulf of Mexico Lease Sale 233. The sale will take place on August 28 and will cover about 20.7 million acres off Texas for oil and gas exploration and development…
Offshore Installation Services Ltd (OIS), an Acteon company, launched a new service designed to help operators fulfill their suspended well decommissioning plans. Wellintel is a well data collection and review service that gathers and prepares…
Trans Adriatic Pipeline AG (TAP) announced today that BP Plc, Azeri SOCAR, France's Total SA, and Belgian Fluxys—members of the international consortium developing the giant Shah Deniz field in Azerbaijan—have exercised their option to join the Trans Adriatic Pipeline AG (TAP)…
Irish independent Circle Oil Plc announced today that its subsidiary, Circle Oil Tunisia Ltd., has increased its stake in the offshore Mahdia license to 100%, after acquiring the remaining 30% working interest from Tethys Oil & Mining Inc…
BG Group has made another gas discovery on its latest exploration well offshore Tanzania, adding to the potential for LNG development in the country. The Mkizi-1 well in Block 1, was drilled by the Deepsea Metro I drillship in 1301m deep water…
Exploration firm Cluff Natural Resources (CNR) has been awarded rights to explore for offshore underground coal gasification prospects off the UK's coastline. The rights are through two conditional underground coal gasification (UCG) licences…
BG Group has made a natural gas discovery in the Ngisi-1 well in Block 4 off Tanzania. The well, drilled by the Deepsea Metro 1 drillship, appraised the Chewa gas field resulting in an upgrade in estimated recoverable resources in the block…