The National Assembly of the Comoros, a sovereign archipelago island nation east of Mozambiue, Africa, has ratified a production sharing contract with Bahari Resources. The PSC, covering offshore blocks 35, 36, and 37 (previously named blocks A…
A new tax break for high-pressure, high-temperature fields in the UK North Sea has been overshadowed by a move by the UK Government to change to taxes on drilling rigs. The move, relating to bare-boat chartering, “perplexed” industry…
OneSubsea™ has shipped its 100th subsea tree from its manufacturing facility at Port of Tanjung Pelepas in Johor, Malaysia. The state-of-the-art facility has been operating since 2007 providing subsea wellhead systems, valves and trees across the globe…
CB&I announced it has been awarded a contract by Bechtel valued at about US$625 million to provide structural, mechanical and piping construction work for all outside battery limits modules and associated units for the Chevron-operated Wheatstone Project at Ashburton North in Western Australia…
Australia's infrastructure & environmental services consultancy Cardno Ltd. reported its largest acquisition to date with the purchase of the PPI Group of companies (PPI) headquartered in Houston, Texas for US$145 million. Cardno CEO…
Jumbo signed a Contract with Subsea 7 for the provision of the floating production, storage and offloading vessel mooring piles and ground chains installation for Dana Petroleum's Western Isles Development Project (WIDP). Installation…
IKM Subsea has been awarded a 1+1+1 year contract by Statoil for ROV drill support service. The contract includes ROV services onboard Maersk XLE 3. Maersk XLE 3 is a jackup rig to perform drilling at the Gina Krog field. 'The fact…
Austrian integrated energy firm OMV has boosted its UK west of Shetland holdings after agreeing to buy four licenses in the area from Hess, including the Cambo field and the Blackrock prospect, for US$50 million. Depending on future developments…
PETRONAS and Shell have made an oil discovery offshore Sabah, Malaysia. The discovery was made via the Limbayong-2 well during the appraisal of the Limbayong gas field by Shell. The appraisal well encountered 136 metres of oil bearing sands…
Statoil Petroleum has discovered hydrocarbons in wildcat well 34/8-17 S in production license 120 in the Norwegian sector of the North Sea. The well was drilled on the north-east flank of the Visund field, in the northern part of the North Sea…
Ophir Energy’s deepwater Padouck Deep-1 well, in the Ntsina block, offshore Gabon, has completed drilling and found no significant hydrocarbons. London-based Ophir said the well, drilled with the Vantage Titanium Explorer, was targeting…
Brazil's President Maria das Graças Silva Foster and Director of Exploration and Production, José Formigli, announced the start of the seventh and final round of the Fleet Renewal Plan for Offshore Support Vessels (Prorefam). The Brazilian…
ITF, the Industry Technology Facilitator, has started a joint industry pptoject (JIP) with Tullow Oil to establish a comprehensive, global wells and completions reliability database and is urging more operators to join the project. The…
Australia-based AWE Limited will now attempt to drill a sidetrack well in New Zealand after drilling issues encountered last week on the Pateke-4H were unable to be resolved. The lower part of the hole has been abandoned. Read more on Pateke drilling:http://www…
Tri Tool Incorporated will be opening a new 15,000sq ft office and warehouse location to better serve the offshore and onshore pipeline oil & gas industries in the gulf region. On May 7th, Tri Tool will be hosting a grand opening event…