Wood Group has signed a collaborative agreement with the Canadian technology company Librestream Technologies. The two companies will work in an exclusive industry-specific partnership to provide advanced business solutions for operations…
Electromagnetic Geoservices (EMGS) has ended a charter contract for the EM Leader, as its vessel utilization increased in Q2 2016, compared to last year. The EM Leader, from EMGS. The…
Siemens’ has added the SWT-8.0-154 to its offshore direct drive platform for wind turbine technology. The 8MW turbine is based on the existing offshore direct drive platform. The first SWT-8.0-154 will be installed in early 2017, and…
Petróleo Brasileiro (Petrobras) is offering nine shallow water fields located in the states of Ceará and Sergipe, in a competitive process. Image from Petrobras. The Brazilian…
Subsea mooring specialist First Subsea was awarded a contract by Shell Offshore to supply Ballgrab subsea mooring line connectors for the Appomattox development in the deepwater Gulf of Mexico. The semisubmersible four-column production…
Noble Energy entered into a US$369 million definitive agreement with the Harel Group and Israel Infrastructure Fund (IIF) to offload 3% working interest in the Tamar field, offshore Israel. Image of the Tamar platform…
Two workers from Eni's Nigerian Agip Operating Co. (NAOC) subsidiary were killed in an attack on their boat in the Niger Delta last week, the operator has confirmed. According to reports, a NAOC team of five was attacked on their way…
Statoil's Gina Krog platform is getting closer to first oil after the modules for the facility's topside set sail from Korea on two heavy transport vessels, Statoil has said. The transport from Daewoo Shipbuilding & Marine Engineering in Korea to the North Sea will take about 50 days…
ExxonMobil has received consent to use a new subsea well on the Balder field. ExxonMobil is the operator of the Balder field, in block 25/11 in the Norwegian North Sea, around 190km west of Stavanger. The Balder field belongs to production licence PL 001…
Penspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Co. to manage the engineering, procurement and construction of a new gas and condensate pipeline. The…
As of 4 July, the business formerly known as Talisman Sinopec Energy UK has been renamed as Repsol Sinopec Resources UK. This follows the acquisition, in 2015, by Repsol of the global assets of the former Talisman Energy, including a 51% stake in the UK North Sea joint venture with Sinopec…
Centrifugal pump firm Amarinth has secured an order for bespoke utility and fresh water pumps from Hyundai Heavy Industries (HHI) for a platform being built for ADMA-OPCO to operate in the Nasr oil field, offshore of Abu Dhabi. Amarinth…
While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood. Matt Cook, who has authored the firm's World Drilling and Production…
Royal IHC and Tompkins UK are strengthening their strategic cooperation with IHC’s acquisition of a majority stake in Tompkins, the parent company of Modus Seabed Intervention and a partner in the TI Geosciences joint venture (that IHC and Tompkins created in 2015)…
Laden by corruption scandals and falling oil prices, Petrobras is struggling to repay US$130 billion worth of debt – nearly $24 billion will mature by 2017. Efforts to sell non-core assets (pipelines, power plants, bonds etc.) have been slow…