Ampelmann has been awarded a contract by SBM Offshore Contractors in support of an FPSO (floating production, storage and offloading) maintenance campaign in the Espírito Santo Basin, Brazil. Ampelmann will provide an E-type system in January 2017 with a scope that includes transport…
Statoil has agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Masdar. Hywind illustration, from Statoil. The wind farm offshore Peterhead in Aberdeenshire…
TechnipFMC is now operating as a unified, combined company following the completion of the US$13 billion merger of FMC Technologies and Technip. Image from TechnipFMC. Beyond today's pressures on the oil and gas industry…
Japan's Inpex completed the installation of a complex network of subsea infrastructure designed to support the extraction of gas and condensate for the Ichthys liquefied natural gas (LNG) project, offshore Western Australia. The final…
New Zealand Oil & Gas (NZOG) entered a deal to secure a 50.01% holding in its Australian subsidiary, Cue Energy Resources. “Our controlling interest in Cue provides diversified exposure to Cue's production and exploration interests in Australia…
Offers for 56 new production licenses on the Norwegian continental shelf are being made to 29 companies, 17 of which are operators. The offers are being made after 33 companies applied in the Norwegian Petroleum Directorate's (NPD) the Awards in Predefined Areas (APA) 2016…
North Atlantic Drilling has been awarded a one-well contract for the semi-submersible West Phoenix for work in the UK, West of Shetland. The contract is in direct continuation with the West Phoenix' existing contract and the total backlog is estimated to be $17 million…
Industry champion David Doig has died at age 57 after suffering a heart attack. Doig was CEO of OPITO, the global oil and gas industry skills, standards and workforce development organization, and was based in Dubai. He died in a hospital in Fife…
Statoil is set to move forward with more than half a billion dollar's worth of investment in the UK and Norwegian North Seas after getting the green light for its Utgard and Byrding projects. The move comes just as the firm is considering…
Statoil is considering a subsea tieback to the Norne floating production unit after making a 20-80 MMboe oil and gas recoverable discovery on the nearby Cape Vulture well in the Norwegian Sea. The tieback project consideration comes as…
Subsea contractor Subsea 7 has made an offer of nearly US$320 million to take over Dutch offshore firm Seaway Heavy Lifting by acquiring the 50% stake in the firm it currently doesn't own. Seaway Heavy Lifting is a specialist offshore…
McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017, according to joint venture partner Oceanteam. Under McDermott’s main credit facility agreement…
The UK’s i3 Energy is planning to list on the stock market after acquiring the UK North Sea Liberator oil discovery, which it hopes to potentially bring to development this year. Liberator is immediately adjacent to the producing Blake field…
UK Export Finance (UKEF) will provide US$400 million in support for a GE Oil & Gas contract the Offshore Cape Three Points (OCTP) project in Ghana. UKEF will provide $400 million of support to the OCTP project, including a loan under its direct lending facility…
Operations at the Phoenix South-2 well have been safely completed and the rig has now left the drilling location, said Carnarvon Petroleum. The well drilled an estimated 39m hydrocarbon-bearing zone between approximately 5176-5215m with…