Statoil has awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore. The contract awarded to Kvaerner Verdal has a value of approximately US$122.8 million (NOK 1 billion) and covers engineering, fabrication…
Less than a month after oil services giant Schlumberger dropped its merger deal with Eurasia Drilling Co. (EDC), the Russian company announced that it received another potential merger offer that could send Eurasia to the private sector. Image…
Due to continued challenging market conditions, Athens, Greece-based rig provider Ocean Rig announced that if no future work is found for two of its fifth generation ultra-deepwater semisubmersible rigs – the Eirik Raude and Leiv Eiriksson – they could be scrapped…
The Petroleum Safety Authority of Norway granted an extension to Eni for use of the Flotel Superior accommodation facility at the Goliat field, in the Barents Sea. Image from Eni. The…
MacGregor entered into an agreement with Guangzhou Shunhai Shipyard to deliver anchor handling winch packages for five 48m anchor handling tug supply (AHTS) vessels. Each will have a 75-tonne bollard pull and one 40m AHTS vessel with a 70-tonne bollard pull…
Statoil reported that oil had been observed near the OLS B loading bouy at the Statfjord filed, offshore Norway, in the early morning hours of 8 October. Production at Statfjord A is said to be operating normally. Statfjord field…
Aqualis Offshore opens an office in Kuala Lumpur, Malaysia. The Kuala Lumpur office will offer the group’s full range of services with support from other group offices. However, its initial focus will be on transportation and installation…
As Mexico’s first offshore bidding round for already discovered fields saw bids significantly higher than the minimum set up by the government, adding further transparency to the process would be positive for the round as it approaches its deepwater phase…
Mexican state owned company Pemex this morning announced it had evacuated the Sihil-A platform in the Bay of Campache, offshore Mexico, in the latest of a string of incidents offshore Mexico this year. The firm said the measure was taken…
Phoenix, Arizona-based minerals company Freeport-McMoRan (FCX) may be done with its foray into the oil and gas sector, nearly three years after the journey began. On Tuesday, the company announced that in consideration of spinning off its oil and gas business…
Anadarko Petroleum announced that topsides have been lifted onto the Heidelberg spar in the Gulf of Mexico this week. Heidelberg. Image from Anadarko Facebook. Using Heerema Marine Contractor's largest crane vessel…
Arctic drilling has made headlines since the announcement of Shell’s 2015 summer drilling campaign. Paired with the low oil prices due to a surplus of supply, many people wonder why we even need to drill in the Arctic when there is so much oil right now…
Petrobras has further revised down its investment plans for 2015 and 2016, opting to cut US$3 billion in spending in 2015, and $8 billion in 2016, the Brazilian state-owned firm announced on 5 October. In June, embattled operator approved a new five-year investment plan for 2015-2019…
Fugro (Mexico) in conjunction with long-time associates, Diavaz, has been awarded an extension of the ongoing offshore geophysical and geotechnical campaign by the Mexican national oil company, Pemex. Geotechnical field operations, laboratory…
Norway-based Dolphin Geophysical and Bergen-based GC Rieber Shipping entered into multi million-dollar deals that include an early redelivery and improved vessel terms of an overall restructuring agreement to improve Dolphin’s competitiveness in today’s challenging market…