Fieldwood Energy LLC acquired SandRidge Energy, Inc.’s Gulf of Mexico and Gulf Coast business unit for US$750 million, with an effective date of Dec. 1, 2013, and subject to customary purchase price adjustments. As part of the transaction…
ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore block in Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1 Ltd, the company holding the 10% PI in the Area 1 from Videocon Mauritius Energy Ltd…
Benthic, a global geosciences company, was awarded a contract by Statoil Tanzania AS in November for geotechnical site investigation services in Block 2 off the coast of Tanzania. Statoil announced its fifth natural gas discovery in Block 2 in December…
Lundin Petroleum AB is to increase its spending on new developments by 25%, to US$1.4 billion, in 2014. The majority of the cash (75%) will be spent on ongoing projects offshore Norway, with most of the rest being spent on the Bertram development in Malaysia…
Subsea inspection, repair and maintenance (IRM) group Harkand has ordered a new build dive support vessel and agreed an option for a second. The order has been placed with Norway's Vard Holdings Limited (VARD), with delivery of the first vessel scheduled for Q2 2016…
A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…
Nexen Petroleum UK Ltd, a wholly-owned subsidiary of CNOOC, awarded AMEC a six-year contract to provide engineering, procurement, and construction (EPC) services for Nexen's North Sea offshore assets. The work will cover operational modifications and brownfield projects…
Offshore accommodation services provider OOS International BV secured a four-plus-four-year charter contract for two semisubmersible crane and accommodation platforms for Petrobras. The vessels are scheduled to be delivered early 2014. The…
Subsea 7 provides this video charting the timeline of construction for its latest pipelay/heavy lift strategic enabler vessel Seven Borealis, delivered in 2012. Seven Borealis is a customized SOC 5000 model designed by ULSTEIN. The vessel's…
The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…
Chariot Oil & Gas Ltd has completed a 2128km 2D seismic survey in southern block 2714B offshore Namibia, the company announced. The survey was carried out by Dolphin Geophysical Ltd using the seismic vessel Artemis Atlantic to provide…
BG spudded its Sunbird-1 exploration well offshore Kenya, joint venture partner Pancontinental Oil and Gas announced. The well is in license area L10A, ub 721m water depth. The Deepsea Metro 1drillship is expected to take 50-60 days to drill 3000m below sea level…
Asset integrity services firm Stork Technical Services has agreed to sell its subsea division to Netherlands-based N-Sea Group. Stork said the move followed a strategic review of its core business and would enable it to focus on key services and innovations…
Repeated boughts of bad weather around the UK have caused disruption to offshore oil and gas operations in the North Sea. Endeavour International Corporationsaid today that, due to the continued periods of bad weather, timing of first production from second production well…
North Sea oil and the constitutional debate in Scotland and the UK The possibility of Scotland becoming an independent country is currently attracting much interest, and not just locally, but in the rest of the UK and elsewhere as a referendum on the issue…