Houston-based Hercules Offshore has filed for Chapter 11 bankruptcy protection with a pre-packaged deal that will send the company into a reorganization and financial restructuring. Image from Hercules…
First oil and gas was produced from the H5 wellhead platform (H5-WHP) on the Te Giac Trang (TGT) field 10 August offshore Vietnam, says SOCO. The start of production was achieved one month ahead of schedule and the H5 development project has been completed with zero lost time accidents…
Japan's JOGMEC is to provide equity financing to fellow Japanese firms Idemitsu Kosan and Sumitomo Corporation, which acquired participating interests in the exploration Blocks 39 and 40/02 offshore, Vietnam. Idemitsu and Sumitomo signed the production sharing contract (PSC)…
The subsea infrastructure installation campaign on Ithaca Energy's Greater Stella Area (GSA) development is nearly complete, following the conclusion of the projects five-well development drilling campaign in April. The project, in the central North Sea…
Norwegian oil firm Statoil has marked a milestone on its giant Johan Sverdrup development offshore Norway - the installation of the project's 280-tonne pre-drilling template. Heerema Marine Contractors’ crane vessel Thialf completed the installation of the 32m-long…
Image: TAM International TAM International has restructured its regional businesses into two individual hemisphere-based groups in order to achieve higher performance rates and streamline its business objectives…
Image: Phyllis Mitchell/Borets Borets, provider of the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, announced that Phyllis Mitchell has been named vice president of human resources and Kent C…
Trendsetter Engineering has completed work on a containment toolkit that can be deployed to minimize the environmental impact of a subsea well incident. This follows their delivery of four subsea well capping stacks, designed to shut in an uncontrolled subsea well…
Subsea connector specialist First Subsea, has successfully completed the installation of bend stiffener connections for gas lift and production risers, power cables and umbilicals, for the Goliat FPSO. Operated by ENI Norge, the…
Image: TIP OSLO/Carisbrooke Shipping Carisbrooke Shipping recently welcomed eight modern, high quality 8000 dead weight tonne general cargo vessels to their commercially-managed fleet…
InterMoor provided Anadarko Petroleum Corp. with rapid hook-up services for their Heidelberg truss spar in the deepwater Gulf of Mexico after stepping in at short notice for another contractor. The company hooked up the 80,000 b/d spar to three mooring lines in Green Canyon block 860…
The Norwegian Petroleum Directorate (NPD) granted Statoil a drilling permit for well 16/7-11 in the North Sea. Located in Block 16/7, the well will be drilled from the Songa Trym drilling facility, to the east of the Sleipner Øst field in the central sector of the North Sea…
Quadrant Energy Australia’s Levitt-1 exploration offshore Western Australia will be plugged and abandoned after no hydrocarbon shows were found. Map of Levitt-1. From Karoon. Levitt-1…
Inpex's Spari-1 well in Block 31 offshore Suriname is being plugged and abandoned after no significant hydrocarbon shows were found, according to partner Tullow Oil. The well, drilled to 3830m total depth in 52m water depth, found presence of the targeted Campanian turbidite sands…
Production has restarted on the Kwane Nkrumah FPSO (pictured) on Tullow Oil's giant Jubilee field offshore Ghana ahead of expectations. The FPSO had suffered issues with its gas compressor late last month, resulting in a gas export outage from 3 July…