UK-based SURF contractor Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of offshore facilities…
Saipem announced it has won new engineering and construction contracts cumulatively worth approximately US$680 million (€600 million). Included are contracts awarded by Saudi Aramco and Eni. The contract with Saudi Aramco is an EPCI job…
PTT Exploration & Production International (PTTEPI) has contracted high specification tender barge rig, EDrill-2, for a firm term of 18 months with an option period of 30 months. Zawtika Development Drilling Campaign (Phase 1B + Infield…
The recently introduced 4-stroke diesel engine, Wärtsilä 31, has been selected to power a new generation icebreaker currently under construction at the PJSC Vyborg Shipyard. The ship is being built on behalf of FSUE Atomflot, the enterprise of ROSATOM…
Borkum Riffgrund 1 offshore wind power plant was officially inaugurated offshore Germany. The wind power plant equipped with 78 Siemens wind turbines, each with a capacity of 3.6 megawatts (MW) and a rotor diameter of 120m, will supply around 320…
Lundin Norway, operator for production license 708, has received consent from the Petroleum Safety Authority to drill exploration well 7130/4-1 in the Barents Sea. Drilling is scheduled to begin in November 2015 and estimated to last 56 days…
Israel’s Delek Group entered into a US$66 million deal with UK-based exploration and production firm Ithaca Energy to acquire nearly 20% of the company, making Delek the largest shareholder in Ithaca. Image of the Northern Producer…
The offshore vessel market is facing a 'long hard winter' as falling activity will drive further layups, says broker Westshore. The Norway based broker says that around 60 offshore support vessels are now laid up in the North Sea - before…
London-listed oil and gas industry service provider Petrofac is facing legal action from a Chinese yard after terminating a construction contract for its newbuild JSD 6000 deepwater multi-purpose offshore vessel. Petrofac says the termination…
Following on from the successful launch of the ISA500, Aberdeenshire based Impact Subsea has released the ISA500-L. The ISA500-L is the lite version of the ISA500, providing a highly cost effective solution for underwater altitude and distance measurement applications…
Sweden's Lundin Petroleum has agreed to sell its Indonesian oil and gas assets to PT Medco Energi Internasional TBK for US$22 million. The Indonesian assets include a non-operated interest in the producing Singa gas field and operated…
Classification society ClassNK has commenced verification tests of its condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX for Mitsui’s MAN B&W engines. The system is being jointly developed by ClassNK, Mitsui Engineering & Shipbuilding Co…
Senators Maria Cantwell, Barbara Boxer, Dianne Feinstein, Patty Murray, Ron Wyden and Jeff Merkley introduced the West Coast Ocean Protection Act, legislation to permanently prohibit offshore drilling on the outer continental shelf of California…
Brazil’s National Agency of Petroleum (ANP) held the 13th Bidding Round for exploratory blocks yesterday (7 October) that almost mirrored Mexico’s Round One, in that the ANP was only able to sell 37 out of the 266 blocks offered. Brazil's 13th round…
McDermott International has been awarded a brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation (EPCI) of four wellhead jackets. Installation of two jackets in the Bul-Hanine field offshore…