Oil workers accepted an improved pay offer by the Offshore Contractors Association to 2,500 union members, the Unite union said, a move which removes the threat of strike in the British North Sea which is home to the Brent crude benchmark.'Unite Scotland's 2…
Royal Boskalis Westminster N.V. (Boskalis) announced Tuesday it has signed a multi-year subsea services agreement for an unnamed customer in the Middle East. The base value of the three-year contract amounts to $40 million with an option to extend…
Petroleo Brasileiro SA is selling up to three series of local unsecured bonds to raise 3 billion reais ($803 million), the Brazilian state-run oil firm said in a securities filing on Tuesday.The debt will mature in 7 to 10 years, depending on the series…
North Sea explorer Spirit Energy has been given the green light from Norwegian Petroleum Directorate (NPD) to start up its first operated development in Norway.Oda is a subsea development where the wellstream is sent on to the Ula platform for processing and transport…
Norwegian seismic player Petroleum Geo-Services ASA (PGS) updated on changes of the contract for the 3D survey in South America announced November 14, 2018.The vessels Ramform Atlas and Ramform Tethys mobilized early December 2018 for this survey…
Oilfield products company Forum Energy Technologies said it has sealed a contract to supply a Mojave remotely operated vehicle (ROV) for the Norwegian firm ESEA Marine.Sub-Atlantic Mojave will also be used by ESEA Submarine’s sister company…
UK-based offshore support firm Sentinel Marine has announced that it will create 80 new jobs by adding three multi-role ships to its fast-growing fleet.The Aberdeen-based firm is investing in the region of GBP36 million in the trio of new builds…
The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft…
Dutch dredging and offshore contractor Royal Boskalis Westminster NV has signed an exclusive Pre-Construction Agreement (PCA) for the Inch Cape offshore wind farm project.According to the Dutch marine outfit, the award was made by Inch Cape Offshore Limited (ICOL)…
Oil production continues to be suspended at the SeaRose FPSO, about 350 kilometers east of St. John’s for the last 50 days. There’s no information on when production will resume.Production was suspended and shutdown began on November 16 after two spills - an estimated 250…
iXblue, a designer and manufacturer of advanced navigation, imagery and subsea positioning solutions, said it has joined forces with Forssea, a robotics startup that develops autonomous docking underwater technologies, to bring more agile and cost-effective subsea operations…
TechnipFMC, in consortium with Malaysia Marine and Heavy Engineering Sdn Bhd (MHB), has signed a long-term offshore agreement with Saudi Aramco.The six-year agreement covers engineering, procurement, fabrication, transportation and installation…
Malaysian services company Sapura Energy Berhad announced Monday it has secured RM760 million ($184.6 million) in contract wins for its drilling and engineering & construction businesses. The latest achievements have lifted the value of contract wins to RM9…
Brazil's Economy Ministry denied that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area.The ministry told Reuters in a statement the figure…
Norway's Petroleum Safety Authority has given consent to Norwegian based Wellesley Petroleum to drill exploration well 25/1-13 in the North Sea.Wellesley is the operator for production licence 871 in the North Sea.Well 25/1-13, named Balcom…