Exploration and production companies have been hesitating to engage in greenfield projects amid the current market downturn, resulting in the lowest offshore project commitment since 1998, according to Norwegian analysts Rystad Energy. Only…
Norwegian part-state owned oil giant Statoil and Brazilian state oil firm Petrobras have agreed a deal which will see Statoil acquire Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s prolific Santos basin. The US$2…
Songa Offshore's fourth and final newbuild Cat D Rig, the semisubmersible Songa Enabler, has started drilling operations on 29 July offshore Norway for Norwegian oil giant Statoil. All four rigs are semisubmersible, sixth generation Cat…
Shell Australia has awarded DOF Subsea a five-year contract with two, two-year options to provide a fulltime underwater services and multi-purpose supply vessel to the Prelude FLNG facility. Prelude FLNG will produce, liquefy, store and transfer LNG at sea…
Rig operator Seadrill has received three-year contract extensions from Saudi Aramco for the jackups AOD I and AOD II expiring in June 2019 and July 2019, respectively. The extensions are in direct continuation of the current contracts…
Oil and gas production from Chevron's Erskine field in the North Sea has restarted following the clearance of a pipeline blockage and the completion of scheduled maintenance works on the Lomond platform, says partner Serica Energy. The pipeline blockage…
The board of directors of Singapore-based Swiber Holdings has applied to wind up the company. A hearing will be held on 19 August. The firm also applied to put the company into provisional liquidation. Staff from KordaMentha have been appointed provisional liquidators…
A hydrocarbon leak Thursday morning (28 July) aboard the Alvheim FPSO prompted a production halt at the field, according to operator Det norske. The leak occurred in the FPSO's pump room, triggering an alarm, and stopping production.…
Van Oord, a dredging, marine engineering and offshore projects contractor, has reached agreement on the acquisition of the offshore wind activities of Bilfinger Marine & Offshore Systems, a German company active in the engineering, construction…
Completion of the first phases of an US$15.7 million (£11.95 million) quay extension at Lerwick Harbor’s deepwater Dales Voe Base has facilitated mobilization of a large offshore construction vessel ahead of a contract offshore Canada. Subsea 7’s 18…
Advisian has appointed Geeta Thakorlal to the position of president for Intecsea effective immediately, succeeding Neil Mackintosh, who has led Intecsea since 2014, will take on the role of executive vice president of global sales and marketing for Advisian…
ConocoPhillips and Marathon Oil Corp. have signed an early termination agreement for the deepwater drillship Maersk Valiant, Maersk Drilling says. The termination, which comes following Conoco's decision to halt Gulf of Mexico deepwater exploration spending…
Shell has made a major discovery in the US Gulf of Mexico (GOM), the firm revealed as part of its 1H results this morning. The firm said initial estimated recoverable resources for the Fort Sumter well is more than 125 MMboe. Further…
Norwegian offshore support vessel firms Solstad Offshore and REM Offshore are to merge, creating a company with 62 vessels. Solstad will offer new shares to fund the deal, with REM's shareholders due to receive a share of them. 'The…
First gas on one of the largest recent discoveries in the North Sea has been delayed, according to partner Centrica Energy. The firm said that first gas on the four-platform Cygnus development project in the southern North Sea is now expected in Q4 this year…