A new offshore drilling safety rule proposed by the Bureau of Safety and Environmental Enforcement (BSEE) is expected to improve safety offshore in response to the Deepwater Horizon incident five years ago. The proposed rule, 30 CFR Part 250…
The official naming ceremony took place for Bibby Offshore’s IRM (inspection repair and maintenance) light construction vessel, the Olympic Bibby, at the Kleven Shipyard, Norway. Bibby Offshore signed a charter agreement with Olympic Shipping in March 2014 for the newly built Olympic Bibby…
Petrobras awarded Subsea 7 a two-year US$200 million contract for continued use of its Seven Seas construction and flex-lay vessel for the installation of flexible lines. The contract work scope will be similar to that of other Subsea…
Karoon Gas Australia made a discovery at the Echidna-1 exploration well, the third in the Santos drilling campaign, offshore Brazil. Image from Karoon. According to the Australian company…
Aker Solutions and Fjords Processing have formed WellSep, an alliance to develop technology and capabilities for advanced wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The alliance…
The rapid and aggressive response by oil and gas companies to low oil prices has stabilized the sector; the price required for companies to be cash flow neutral in 2015 has dropped by over US$20/bbl to $72/bbl. Wood Mackenzie believes further…
Statoil confirmed its second discovery in the Aasta Hansteen area with the Roald Rygg prospect in the Norwegian Sea. Map of Roald Rygg. From Statoil. The gas discovery was made at…
US-based Noble Energy acquired from Argos Resources a 75% interest and operatorship of 285,000 gross acres in the PL001 license in the North Falkland basin, northwest of the PL032 license that includes the Sea Lion oil discovery. Edison International SpA obtained the remaining 25%…
KrisEnergy awarded Singapore-based Synergy Engineering the front-end engineering and design (FEED) for the Lengo gas development offshore East Java, Indonesia. Image of the Lengo platform. From KrisEnergy…
Schlumberger’s new Petrel E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been completed for staff at the company’s business unit in Aberdeen, Scotland…
T.D. Williamson (TDW) appointed Robert D. McGrew, previously TDW VP and CFO, to the position of president and CEO. McGrew will be responsible for the operating performance and strategic direction of the company. A native of Ponca City…
Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…
Houston-based BPZ Energy, that is currently under chapter 11 protection, is suspending its Corvina CX15-9D well offshore Peru after failing to produce oil. Map from BPZ. The well…
Oil Spill Response Ltd. (OSRL) and the Subsea Well Response Project (SWRP) delivered a containment toolkit, which can be used to minimize the environmental impact of a subsea well incident. Image from SWRP…
Netherlands headquartered subsea services firm DeepOcean has been awarded the riser installation contract for the Kristin and Heidrun platforms by Statoil. The modification of the two platforms is required in preparation of a possible…