Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group LP, announced it has received Romanian government approval from the Romanian Government through the National Agency for Mineral Resources (NAMR) for its plan to develop…
MHWirth, a company owned by Akastor, has signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid-water semi-submersible drilling rig. This is the first out of three options that were given when Keppel…
The oil and gas service company in the completion sector Tendeka reports it has more than doubled its work in the UK offshore sector over the past 12 months.The independent global completions service company said in a press release that the…
1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas pipelay vessels - Pioneering Spirit and Solitaire - are currently installing the pipeline in Swedish waters.Some twenty…
The subsea services provider to the oil and gas industry Rever Offshore, has announced the appointment of Bob Bryce to the newly-created role of Operations Director.The provider of fully integrated subsea construction and offshore management…
The extent of the continental shelf beyond 200 nautical miles outside Bouvet Island has now been clarified with the Continental Shelf Commission (CSC) in New York.The Commission’s recommendation is in line with Norway’s proposal submitted to the Commission in 2009 and revised in 2015…
New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of its remaining four medium sized platform supply vessels (PSVs).The NWS vessels, 'World Diamond', 'World Peridot', 'World Pearl' and 'World Opal…
Mexico will offer its ailing state oil company Pemex a lifeline for only one year by dipping into its budget stabilization fund, Finance Minister Carlos Urzua said on Friday, ruling out that the government will absorb the debt.With $106 billion in financial debt…
Norwegian seismic acquisition company SeaBird Exploration said it is in an exclusive process to acquire the seismic vessels BOA Galatea and BOA Thalassa owned by BOA Offshore in a transaction which values the vessels at NOK 185 million ($22 million)…
NigerStar 7, a joint venture between Subsea 7 and Nigerdock, said it has acquired 2009-built pipelay vessel Seven Antares, The Seven Antares, previously owned by Subsea 7, has a 300-ton main crane capacity and is a 120-ton S-lay vessel with capacity to lay pipe of up to 60-inch diameter…
Maersk Supply Service (MSS) announced it will equip its vessels to use data to optimize operations and save fuel in real time.The offshore services company said on Friday it signed a contract earlier this month with Eniram, a Wärtsilä company…
Norway's oil production dropped 8.2 percent in March year-on-year to 1.396 million barrels per day, lagging the official forecast for the month by 1.5 percent, Norway's Petroleum Directorate (NPD) said on Friday.Technical problems at certain…
McDermott International announced Friday it has secured a contract from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar.The contract is worth between $50 million and $250 million…
Oil and gas organizations have significantly improved safety over the years, and evaluating a company’s safety culture can identify areas for further gains. But culture is hard to measure and even more difficult to change.Over the past 10 years…
Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its bet on U.S. shale and LNG as U.S. energy production is shattering records.The deal makes Chevron the second-largest major by crude production…