The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) report for South Stream's offshore section in Turkey. The report contains the assessment of potential environmental impacts caused by the gas pipeline construction…
A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…
Aberdeenshire-based Flowline Specialists plans to grow its business by 20% in the coming year after a multimillion-dollar investment in its fleet In February, the firm announced that it was investing approximately US$4.2 million in purchasing…
Australia-based Octanex and its joint venture partners have secured financing for the development of Ophir field, offshore Malaysia. A letter of offer was accepted for syndicated term loan facilities of up to nearly US$118.8 million for…
Singapore's Cosco announced on 23 July that the Cosco (Nantong) Shipyard, delivered jackup Kai Xuan Yi Hao to an unamed Asian buyer. The jackup, which measures 66.71m in length of all and is 67.06m wide, can operate at water depths of…
GE’s Measurement & Control business announced a minority equity investment in Meridium. The companies will enter into a joint development and distribution agreement that will integrate Meridium’s asset performance management (APM) software…
Pedro Vergel joins Houston-based Petrofac Training Services (PTS) as vice president of the Western Hemisphere for Petrofac Training, a newly-created role. Vergel will be responsible for PTS operations in Europe and the Americas as the…
The ongoing revision of API 17G (specification for subsea well intervention equipment) includes many changes from prior editions. These changes extend beyond the added design rules and product qualification processes for hardware typically seen in design code updates…
The Society of Petroleum Engineers' (SPE) Aberdeen section is making a milestone this year - it is the group's 40th anniversary - with a black tie dinner at top tier industry speakers from Shell, BP, Statoil, and Schlumberger. The…
OMV New Zealand has spudded the Whio-1 exploration well in exploration permit PEP 51312 in the Taranaki basin offshore New Zealand, says JV partner Cue Energy Resources. The well is being drilled by the semisubmersible drilling rig Kan Tan IV about 110km southwest of New Plymouth…
Italian authorities are starting to actively progress offshore permit approvals that have been outstanding for some years, according to an operator in the region. Northern Petroleum's CEO made the comments after the company was awarded two exploration permits in Italy…
TGS has is to start two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador…
Crowley Maritime Corp. will christen the new ocean-class tug, the Ocean Sky, in Houston tomorrow. The 156-ft long Ocean Sky is the fourth of Crowley's new ocean-class tugs to leave the Bollinger shipyard, following its sister ship, the Ocean Sun…
Petronas' Bentara field in the Balai cluster risk service contract (RSC) area located offshore Sarawak, Malaysia saw its first oil production on 25 May. BC Petroleum developed and operates the field, which is expected to produce around 1000b/d…
Semco Maritime and PetroVietnam Marine Shipyard (PVMS) establish Vung Tau Rig Services in Vietnam to repair, refurbish and upgrade rigs. Semco Maritime and PVMS have worked together since 2012 and aim to offer high quality and cost efficient solutions…