SBM Offshore was contracted by Shell to supply an FPSO for the Stones development project in the Gulf of Mexico. The contract, valued at about US $1 billion, includes an initial period of 10 years with future extension options up to 20 years…
Houston-based Apache Corp.will sell all of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for US $3.75 billion. Operations include wells that are producing about 100…
Modiin Energy LP has updated resource estimates for the Yam Hadera field off Israel. The best estimate of gross recoverable, prospective resources at Yam Hadera is 208MMbo (revised upwards from 133 MMbo) and 3.4 Tcf of natural gas (revised upwards from 1…
BW Offshore has agreed an extension for FPSO Sendje Berge with Addax Petroleum Exploration Ltd. until the end of Q1 2014. The extension has been agreed to secure operational continuity while joint work to detail longer term program for investment and production is completed.
Oil & Gas UK chief executive, Malcolm Webb, has officially opened the new Aberdeen offices of oil and gas consultancy Magma Products. Magma, which provides specialist offshore commissioning and start-up services, has grown from a business…
Baker Hughes Inc. has introduced the Baker Hughes Well Count, a new index that provides key U.S. onshore well count data. The proprietary count will be available on a quarterly basis. The Baker Hughes Well Count is a natural extension of the Baker Hughes Rig Count…
Statoil used the world’s second largest crane vessel, Saipem 7000, to lift and transport the 10,600-ton topsides module from Aibel’s shipyard in Haugesund, Norway on Wednesday, 17 July. Transit to the Gudrun field, in license area PL025 of the Norwegian North Sea…
Howco Group PLC, has invested over US$4.6 million in new equipment and machinery at three of its UK plants, with $2 million spent at its facility in Sheffield. The company’s two aerospace-standard heat treatment furnaces offer precise temperature control throughout the operating range…
Praxair Offshore Services Ltd. acquired Scotland-based Dominion Technology Gases Investment Ltd., supplier of diving, welding, industrial, laboratory and calibration gases, and associated equipment to the offshore oil and gas industry. Through its acquisition…
TAM International, Inc., an inflatable and swellable packers provider, opened a new office in Dubai to support the company’s growth in the Middle East. The office offers state-of-the-art technology and is in a centralized area, enabling customers…
After closing its US$2.5 billion acquisition of well-drilling equipment parts provider Robbins & Myers, Houston-based National Oilwell Varco (NOV) adds three more businesses to its NOV Mono division: Moyno Inc., Chemineer Inc., and Tarby Inc…
Foster Wheeler AG has acquired Monterrey, Mexico-based NorthAm Engineering. NorthAm is one of the largest Mexican engineering and project management companies, specializing in upstream, offshore and onshore, downstream, and power projects…
Royal Boskalis Westminster and Royal Volker Wessels Stevin (VolkerWessels) will establish a joint venture (JV) for carrying out offshore cable installation. Boskalis and VolkerWessels will each hold a 50% stake in Visser & Smit Marine Contracting…
Subsea 7 opened its Global Pipeline Welding Development Centre (GPWDC), the result of a US$15.6 million investment in its operations base at Clydebank, Glasgow. The center will develop welding technology for global deployment. The GPWDC is…
SeaBird Exploration Plc announced today that M/V Geo Pacific was awarded a new contract in the Caribbean. The work is estimated to require 63 days and the contract value is about US$12 million. M/V Geo Pacific is the latest vessel added to Seadrill's fleet…