Badger Explorer entered into a letter of intent (LOI) with the shareholders of Dwellop to acquire 100% of the outstanding shares of Dwellop for approximately US$22.4 million (NOK 190 million). In addition, certain shareholders of Badger…
L&T Hydrocarbon Engineering Ltd. (LTHE), a wholly owned subsidiary of Larsen & Toubro, has bagged an offshore contract for the Neelam Re-Development and B173AC Project from the Oil & Natural Gas Corp. (ONGC) valued at US$245 million. The contract…
A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in a US$1.35 billion deal. The Constellation II jackup. Image from Transocean…
Masirah Oil spudded the Karamah#1 exploration well in Block 50 offshore Oman last week (17 March). The Karamah prospect has a target depth of about 3km, and is on a structural closure approximately 13km away from the earlier GAS-1 discovery well…
Statoil and the US Bureau of Ocean Energy Management (BOEM) formally executed the lease of 79,350 acres offshore New York this week, paving the way for the Norwegian giant to explore the potential development of an offshore wind farm. Turbine…
T H Hill Associates has introduced a new drilling standard in the DS-1 group: the Bit Inspection Technical Standard (BITS), which provides inspection procedures and acceptance criteria for fixed-cutter bits, including PDC, diamond, coring…
Fugro is teaming up with TGS to conduct the Otos survey in the Gulf of Mexico to pull together a complete picture of geological features, including hydrocarbon seeps. The Fugro Brasilis. Images from Fugro…
Dounreay Trì has been granted planning consent for the installation of a floating windfarm 9km off the Northern Coast of Scotland by the Scottish government. The decision means that the facility will achieve the necessary Renewables Obligation…
Norwegian engineering firm Aker Solutions is to provide design engineering for Statoil's semisubmersible Njord A platform upgrade in Norway under sub-contract to Kvaerner, which in turn has a US$590 million engineering, procurement and construction contract on the job…
Diamond Offshore has won its case in a Brazilian court against the state oil firm Petrobras regarding the early termination of the Ocean Valor semisubmersible. Image of the Ocean BlackHawk, from Diamond Offshore…
BP has named appointments for the regional president for Azerbaijan, Georgia and Turkey (AGT), and for the chief operating officer, production, transformation and carbon. Gary Jones has been appointed the new regional president for AGT…
FES International, a producer of fluid transfer solutions, has been awarded a major contract from National Oilwell Varco (NOV) to supply equipment to be used in the Maersk Oil UK-operated Culzean field in the North Sea. The project includes the design…
Semco Maritime has signed its largest contract with Maersk Oil and Gas to date for manpower to the operations in the North Sea. “The contract, which has a duration of five years, include both blue collared and white collared employees…
The second jacket for the Shah Deniz Stage 2 platforms has set sail to the Caspian Sea offshore Azerbaijan, the BP-led Shah Deniz consortium announced today (16 March). Sailaway of the QU jacket…
State oil firm Petrobangla has signed a production sharing contract with South Korea's Posco Daewoo Corp. for deep sea block DS-12 in the Bay of Bengal. The agreement includes a commitment to carry out 2D and 3D seismic surveys, within the first three years…