Siem Offshore has canceled the fourth of four dual fueled platform supply vessels (PSVs) shipbuilding-contracts with Remontowa Shipbuilding in Poland, due to delay in the delivery. “The company is covered with refund guarantees from an…
Höegh LNG has put in orders for several newbuild floating storage and regasification unit (FSRU) with two Asian shipyards, South Korea’s Samsung Heavy Industries (SHI), and Hyundai Heavy Industries (HHI). The deal with SHI includes one firm FSRU (FSRU #10)…
The first Siemens 6 MW wind turbine from the Veja Mate Offshore Wind Farm in the German North Sea started supplying the German electricity grid with green, renewable energy, just 18 months after financial close, and two months ahead of schedule…
Norwegian offshore construction vessel (OCV) operator Forland Shipping awarded OSM full technical management of its two OCV’s, the Fugro Saltire and the Lewek Inspector. OSM already provides the crew to the vessels. “We are very proud…
Chevron North Sea awarded Atkins a three-year framework contract for structural integrity services across selected fixed and floating platforms in the UK North Sea. The contract covers assets including the Alba Northern platform and topsides…
US explorer Park Place Energy has completed the US$2.1 million acquisition of three Turkish companies, the Tiway Companies, from Tiway Oil BV. Image from Park Place Energy. The…
Steve Hall is to replace Bob Allwood as CEO of the Society of Underwater Technology (SUT) this April, following Allwood's retirement after seven years in the post. Hall has been chairman of the SUT's Education and Training Committee for…
Songa Offshore's newbuild semisubmersible drilling rig Songa Encourage has been taken close to Kristiansund, Norway, for equipment overhaul and repair following a water ingreses into a pump room on 2 January. The rig is expected to be back in operations early February 2017…
Total 2016 offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, according to Norwegian consultancy Rystad. Furthermore, Rystad says total global discovered volumes (oil and gas combined) are their lowest since the 1940s…
Statoil is set to drill its next well, on the Mim prospect, near the Norne field after being given the green light by the Norwegian Petroleum Directorate. Statoil will use the Deepsea Bergen semisubmersible drilling rig to drill well 6507/3-12 in production license 159 B…
ScottishPower Renewables has awarded Van Oord the contract for East Anglia ONE offshore windfarm by ScottishPower Renewables (part of the Iberdrola Group) for the transport and installation of 102 three-legged jacket foundations. The new wind farm…
Baker Hughes and Schlumberger are to be awarded contracts for integrated drilling and well services on Statoil's two new Cat J jackup rigs, Askepott (translated as Cinderella) and Askeladden (a character from Norwegian folklore). The…
The UK's Oil and Gas Authority has approved a license renewal for the Bagpuss and Blofeld License P.1943 into a second, four-year term. Maersk Oil North Sea UK has now dropped out of the license, with its 25% interest being reassigned to the remaining partners…
Consultants who were active in the exploration and production sector sector in 2013, but not currently working due to the cutbacks in the industry, would take a day rate that is 39% lower, according to OPC Consultant Market Report 2016. OPC's…
Natural resources consultancy Wood Mackenzie says it expects a modest recovery to the oil and industry in 2017, underpinned by an improving oil price. Growth opportunities, including frontier exploration, small project sanctions and increased M&A…