Damen Shipyards Group has developed a committed response to the increasing number of laid up platform supply vessels (PSVs). The Dutch company’s solution involves converting idle PSVs into vessels capable of taking on roles in alternative sectors such as aquaculture…
UAE-based global marine solutions provider Marsol International has been awarded two contracts offshore Oman. The first contract involves a single point mooring (SPM) change out, including the removal of the existing aging structures followed by installation of new buoys…
GEC Petroleum Development Co. (GPDC) is delaying a deal with MX Oil to acquire 5% interest in the Aje field offshore Nigeria in order for the company to gather the appropriate funds for the sale. GPDC is in the process of finalizing its…
Byron Energy’s attempt to drill a sidetrack well to SM 6#2 after a drill pipe became stuck has turned out to be unsuccessful in the Gulf of Mexico, with the company abandoning the well and moving on to another. The Hercules 205…
UK giant BP is set to layoff some 500 workers in Houston come June, as part of the company’s plan to cut about 4000 from its global upstream sector by 2017. Image from BP. All…
Petrobras has agreed an early terminatation on its contract for Sevan Drilling's cylindrical drilling rig, the Sevan Driller. The two firms also agreed to reduce rates on a second Sevan drilling rig, the Sevan Brasil, also on contract to Petrobras…
Total has laid claim to having the oil and gas industry's largest super computer after boosting the computer power of its system up to 6.7 petaflops - or the equivalent to 80,000 laptops combined. The Pangea super computer's storage capacity has also been increased…
Oil & Gas UK has published an update of its Well Life Cycle Integrity Guidelines. The publication reflects recent changes in the regulatory environment, such as the requirement for well-operators and drilling contractors to integrate…
Geoscience firm Spectrum has started a 10,400km multi client 2D survey offshore Brazil in the Amazonas and Para Maranhao basins, along the Equatorial Margin of Brazil. The new acquisition program will tie five of Spectrum's Northern Margin programs…
Mexico’s Ministry of Economy has opted to set a low local content requirement for the upcoming deepwater bid round in December. The new rule, announced in Mexico’s official journal of the federation (DOF), says oil and gas companies must…
Houston-based Erin Energy has mobilized the Island Constructor light well intervention (LWI) vessel to the Oyo field, offshore Nigeria. The Island Constructor, from Island Offshore. The…
AGR have been awarded a frame agreement with Lundin Norway for delivering consultancy services on- and offshore Norway. The four-year agreement has extension options which could see the partnership continue for eight years in total. “We…
Dana Petroleum and its partners failed to make an oil discovery at the Manatee-1 exploration well, offshore Cameroon, according to partner SDX Energy. The well, located in the shallow waters in the prolific Niger Delta basin, was spud on 2 March using the Paragon M825 jackup rig…
A consortium led by Eni and comprising of GNPC, Explorco, Vitol, and Woodfields, has been awarded a new exploration license, Cape Three Points Block 4, located in the Tano Basin, offshore Ghana. GNPC, Vitol and Eni are already developing…
Chevron’s Angola affiliate, Cabinda Gulf Oil Co. (CABGOC), sent an early cancelation notice to Maersk Drilling for the ultra deepwater semisubmersible Mærsk Deliverer. The Mærsk Delivererhas been on contract with CABGOC since May 2012…