Wood Group has been awarded a new contract by PetroRio to deliver services to the Polvo A platform, in the southern Campos basin, approximately 100km off the coast of Rio de Janeiro. Integrated operations and maintenance services will be provided by Wood Group PSN under the two year contract…
Houston-based Ensco received a cancelation notice from Brazilian giant Petrobras for the DS-5 drilling rig, citing improper payments. Image of the Ensco DS-5 drillship. Courtesy of Ensco. Last year…
Statoil has been looking for a way to make tank cleaning on supply vessels safer and more effective. M-I SWACO, a Schlumberger company, has developed a technological solution and has now been awarded a contract with Statoil that is valued at around US$55…
Datum360 has been awarded – and has already delivered – a contract to deploy its Software as a Service (SaaS) solution that will standardize engineering information for the largest oilfield project in the Azerbaijan sector of the Caspian basin…
Polarcus has gained full support from key stakeholders to move forward with the restructuring of the company in an effort to reduce its debt. The Polarcus Nadia. Image courtesy of Polarcus. Key…
In contrast to 2015, upstream oil and gas deal activity is set to ramp up this year regardless of what happens to the oil price, according to Wood Mackenzie's M&A outlook for 2016. Should oil prices stay low, companies will be forced to sell assets and merge businesses: to free up capital…
Lloyd’s Register and Aker Solutions have agreed to collaborate under a new global framework agreement to drive efficiency in engineering and subsea oil and gas developments. The contract gives Aker Solutions access to all relevant services from the Lloyd’s Register Group…
Kongsberg Oil & Gas Technologies has been awarded a 3-year contract by Wintershall for provision of its hosted SiteCom real-time data aggregation and visualization solution for well construction. All real-time, planned and historical…
Restrictions on offshore exploration in Italian waters have been reintroduced, according to UK-based explorer Rockhopper Exploration. The firm says the Italian Parliament has approved its 2016 Budget Law, which reintroduces restrictions…
Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult…
Battling corrosion and wear offshore is a challenge faced by many operators. Elia Barnett surveys the companies tasked with inspections to find out more about today’s solutions. A Stork inspector…
Cathelco has won orders to supply hull corrosion protection systems for three FPSOs. Two of the systems are being supplied to MODEC, while the third will be installed by Sembcorp Marine’s Jurong yard in Singapore. The FPSO Cidade de Campos…
The Norwegian Petroleum Safety Authority granted Statoil consent to drill exploration well 30/11-11 using the Songa Delta. Beginning mid-January 2016, Statoil has allocated 36 days for the activity. The well is around 28km south of the Oseberg field…
Offshore living quarter specialist HB Rentals installed a new temporary living quarters (TLQ) accommodation project on the Far Sentinel, a 15,000 gross ton subsea construction / inspection, maintenance and repair (IMR) vessel owned and managed by Norway’s Farstad Shipping…
Louisiana-based LLOG Exploration’s Delta House floating production system (FPS) achieved its nameplate oil capacity of 80,000 b/d in the Gulf of Mexico during the last days of 2015. Image of Delta House…