Driven by the rapid expansion of shale oil and gas drilling, and production in North America, the world market for oil field specialty chemicals at the service company level reached US$25 billion in 2014, up from nearly $16 billion in 2010…
Engineering firm Plexus' Asian joint venture with Integrated Petroleum Services, Plexus Products, has secured a PETRONAS license to manufacture and supply Plexus’ POS-GRIP wellhead equipment in Malaysia. Plexus believes that with the PETRONAS license secured…
Fugro delivered a bespoke structural monitoring system for Exxon Neftegas, as operator for, and on behalf of, the Sakhalin-1 consortium, to monitor the structural integrity of its Berkut oil platform in the Arkutun Dagi field. Located…
MX Oil agreed to invest in an indirect, non-operated 5% revenue interest in the OML 113 license, offshore Nigeria, which includes the Aje field, a substantial development stage project with proven, flow tested discoveries where production is expected by January 2016…
Chukar Waterjet, a manufacturer of deepwater subsea ultra-high pressure (UHP) waterjet technology, introduces its new SUB-JET 3000 subsea waterjet system for work class ROVs. Operable at depths up to 3000m (10,000ft), the SUB-JET 3000 cuts steel up to 250mm thick and blasts away coatings…
Geoquip Marine’s DP2 vessel, the Deep Investigator, is now fully operational after having completed significant vessel conversions, including the installation of a moonpool, the modernization of the accommodations and the installation of the GMR600 drill rig…
The construction of EDrill-3 semitender rig in COSCO’s Guangdong shipyard is in the final phase of testing and commissioning, reports Energy Drilling. EDrill-3 is a four-column, Ocean Class design by MSC Gusto. Edrill-3, which was designed to work in both shallow and deep waters…
The Blake Rig 1007 has recently been committed to Renaissance Offshore to drill the A-2 well at the South Timbalier 317 A platform in the Gulf of Mexico. Renaissance plans to mobilize the Blake Rig 1007 around mid-August following Anadarko’s current operations with the platform rig…
The first step towards lifting sanctions on Iran’s oil production could be taken tomorrow (14 July) in a deal that would open up its territory to western nations and see the country’s oil exports double in the next six months is agreed. Image…
Atwood Oceanics reports that one of its subsidiaries reached an agreement for a six-month extension of its existing contract with Eni SpA. for the Atwood Beacon jackup rig. The Atwood Beacon commenced its initial two-year drilling services…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7220/6-2, in the Neiden prospect, which contains 200 MMboe gross prospective resources. The drilling program for well 7220/6-2 relates to the drilling of a wildcat well in production license 609…
Houston-headquartered ProSep, an oil, gas and water treatment specialist, has been awarded a contract with PEMEX to supply its ProBlend mixer technology. The six-month project – awarded through ProSep’s in-country agent AGA Process – will…
OneSubsea and Subsea 7 entered into an agreement to form a non-incorporated alliance to design, develop and deliver integrated subsea development solutions for the oil and gas industry. Image from Subsea 7…
The Middle East market remains vibrant with producers, led by Saudi Arabia, expected to continue spending to retain market share, Singapore based offshore support vessel operator Vallianz Holdings said today as it announced a US$300 million contract in the region…
As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain. Setting aside both the deeply troubling social impact for Greek citizens and other…