Bergen Group has decided to accelerate the process of reducing the group's future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen Group…
Norway-based SeaBird Exploration announced that its Osprey Explorer vessel was awarded a contract in South America with a major oil company. The US $9million contract is expected to last about75 days and will commence in March. The…
McDermott International, Inc. announced that one of its subsidiaries was awarded a contract to provide the electrical power supply system for Saudi Aramco in the Abu Ali and Khursaniyah fields in the Arabian Gulf. This contract is included in McDermott’s 4Q 2013 backlog…
Total Chairman and CEO Christophe de Margerie (pictured) used his IHS CERAWeek keynote to encourage the oil industry audience to change the way oil and gas companies manage their assets. De Margerie discussed how the industry cannot tolerate rising capital expenditures…
Ophir Energy has entered into an agreement with Australian explorer WHL Energy to acquire a 75% operated interest in Blocks PEC-5B/1 and PEC-5B/2 offshore the Seychelles Islands in the Indian Ocean (pictured). In exchange for the acquired interest…
Paradigm announced that Mexico seismic services company, COMESA, has incorporated the full Paradigm software suite for seismic processing and imaging, interpretation and modeling and reservoir characterization, including: GeoDepth, SeisEarthand Geolog…
Pharaonic Petroleum Company (PhPC) awareded OneSubsea an US$80 million subsea supply contract for the East Nile Delta END-3 development offshore Egypt. The contract calls for the supply of four well systems including subsea production equipment…
EnQuest has completed the acquisition of the UK Continental Shelf Greater Kittiwake Area (GKA) assets previously owned by Centrica North Sea Oil Limited (Centrica), as well as Centrica’s 100% interest in the Kittiwake to Forties oil export pipeline…
DNV GL has opened a new Asia Pacific headquarters in Singapore. The new headquarters was officially opened today by S Iswaran, Minister for the Prime Minister’s office, second minister for home affairs and second minister for trade & industry Singapore…
Aqualis ASA signed a memorandum of understanding (MoU) to acquire Tristein AS, a provider of marine operations for the offshore oil, gas and wind industries. The financial details of the transaction are undisclosed. “The combination…
Alewijnse Marine Systems won a service and maintenance contract for M3nergy’s 94,000 DWT FPSO Perintis, three weeks before it officially announces the setting up of two new Asian hubs, in Malaysia and Singapore. Under the agreement Alewijnse…
Singapore-based KrisEnergy Ltd. has added an operatorship offshore Indonesia, and also announced it will not acquire the G3/48 exploration licence in the Gulf of Thailand. KrisEnergy announced in January that it had been seeking a 60%…
OMV Norge AS and Rock Solid Images (RSI) have entered into an initial one-year R&D/service agreement to work on the integration of geophysics, rock physics and geology to provide improved quantitative interpretation in exploration. The project…
All Coast LLC, the largest liftboat operator in the Gulf of Mexico, has entered into a contract with SEMCO, LLC to construct a new 250 foot leg liftboat which will be equipped with two 175 ton leg mounted cranes and will have the capacity of accommodating 50 people…
The global launch of a significant new product line will be the key topic for discussion when Swire Oilfield Services brings its international team to AOG 2014 in Perth from February 19-21. A number of senior executives from the UK and…