Yinson Holdings has signed a heads of agreement with a consortium of Japanese companies to divest 26% stake of Yinson’s wholly-owned subsidiary, Yinson Production (West Africa). The deal, worth between US$104-$117 million, is with the JV comprised of Sumitomo Corp…
GE Oil & Gas and Baker Hughes today (3 July) completed their planned merger, which will create an entity that offers GE’s digital solutions and Baker Hughes domain expertise as oilfield services provider. Source…
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard, will soon deliver the world's first converted floating liquefaction vessel (FLNGV) owned by Golar Hilli Corp., a subsidiary of Golar LNG Ltd. Hilli Episeyo…
Trelleborg has been awarded a contract for the supply of elastomeric bearings to Statoil’s Johan Sverdrup oil field, offshore Norway. Johan Sverdrup is on the Utsira Height in the North Sea, 160km west of Stavanger. The oil field will be operated by electrical power generated onshore…
ADES International Holding Ltd. has been awarded a contract by Belayim Petroleum Co., a joint venture between ENI IEOC and Egyptian General Petroleum Corporation, for a three-month drilling campaign offshore Egypt. The drilling campaign will be led by ADES’ offshore jackup drilling rig…
Operator Statoil has announced that the Gina Krog oil and gas field in the Norwegian sector of the North Sea came onstream 30 June 2017 with a video - see below. Gina Krog is about 30km northwest of the Sleipner field. The field has…
Iran has signed a new contract to develop its South Pars gas field - the largest gas field in the world - with France's Total and China's CNPC today (3 July). The move will be the first major Western energy investment since sanctions against Tehran were removed…
DOF Subsea's newbuild light intervention vessel the Skandi Vinland has started a 10-year contract with Husky Energy of the east coast of Canada. Under the contract, the DOF Subsea team based in St. John's will supply inspection, maintenance and repair (IMR) services over 10 years…
Statoil has revealed that about 1500 offshore jobs will be supported by its Mariner heavy oil development hook-up and commissioning campaign, starting this summer and running through to first production in 2H 2018. Mariner is one of the…
Norwegian oil major Statoil is preparing to spud the first of a three-well exploration campaign, including the high-impact Verbier prospect, on the UK Continental Shelf. Early this month, the Transocean Spitsbergen semisubmersible drilling rig will spud the first well…
A drill stem test (DST) on the Brasse well in the Norwegian North Sea has shown high flow rates and excellent reservoir properties, says UK-based independent Faroe Petroleum. The Brasse appraisal program will now continue with the drilling of a side-track well…
Statoil and partners ENI and Petoro have made a 25-50 MMboe oil discovery in the Kayak exploration well in the Barents Sea, close to the Johan Castberg project. Eni said preliminary estimates of the size of the discovery are between 100 and 180 MMbo in place (25–50 MMbo recoverable)…
Zennor Petroleum has completed the acquisition of interests in Petroleum Production License P359, in the UK North Sea, from Esso Exploration and Production UK. These interests comprise a 40.0002% working interest in Block 23/16b Area A (Arran North) and a 66…
Italian contractor Saipem has been awarded a contract by Saudi Aramco for engineering, procurement, construction, installation activities and trunklines and installation works in Saudi Arabia, under a long-term agreement running from 2015 until 2021…
Elaine Maslin examines the market for wave and tidal, and reports on industry efforts to drive down costs and eventually scale up. A Tocardo device, supported on a Damen-built “UFS,” at Hatston Pier…