Standard & Poors said that Transocean Ltd. (RIG) would replace computer maker Dell Inc. (DELL) in the S&P 500 index, effective 28 Oct 2013. The S&P 500 index one of the most commonly followed stock market (equity) indices and it is based…
Eni Norge’s exploration well on the Bønna prospect was dry, according to the Norwegian Petroleum Directorate (NPD). The wildcat well 7016/2-1 was the first drilled in production license 529 in the Barents Sea, about 185km southwest of the Snøhvit field and 160km northwest of Tromsø…
Two agreements announced today will see subsea services firm DeepOcean take on a newbuild installation vessel and Norwegian shipyard Kleven undertake its largest order to date. DeepOcean has agreed to a five and a half year charter, starting March 2016…
North Sea drilling activity eased during Q3, 2013, following an encouraging Q2, according to a report into offshore activity from Deloitte's petroleum services group (PSG). The report found that the number of new wells drilled on the UK Continental Shelf (UKCS) fell by around one third…
Platform supply vessel Edda Ferd (hull C-444) departed from the Gondan shipyard in Spain, bound for Gijon port to carry out sea trials. The vessel is the eighth built by the shipyard for the Norwegian company Ostensjo Rederi and its delivery is scheduled for November 2013…
A consortium of companies, including Royal Dutch Shell plc, Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil. The Brazilian regulator…
ArcelorMittal has been selected by Technip to supply highly-resistant steel wires for the development of offshore fields. ArcelorMittal’s site located in Bourg-en-Bresse is currently developing a partnership to supply highly-resistant…
It's not all about work when you're out at sea. Subsea 7's crew onboard the Bourbon Peridot multipurpose supply vessel collaborated for this fun rendition of the song 'Africa' by Toto while in Equatorial Guinea off West Africa. The video clip…
Eni's Vietnam subisidiary, Eni Vietnam BV, has spud the Ca Ngu-1 exploration well off central Vietnam, partner KrisEnergy announced. The Ca Ngu-1 well, which is being drilled by the Songa Mercur semisubmersible rig, is located in the Gulf of Tonkin in Block 120…
Corrosion has long been the bane of the oil industry. Now new approaches and coatings are resolving the difficulties and providing intriguing possibilities for offshore pipelines, explains Tony Collins of EonCoat. In the oil and gas industry…
IHC Merwede has signed a contract for the engineering, procurement and construction (EPC) delivery of an active heave compensation (AHC) system. The system will be designed for use in deepwater subsea installation of heavy modules in dynamic sea states…
EMGS has signed a contract worth US$8 million with Maersk Oil Angola to carry out 3D electromagnetic data acquisition. It is expected the project will start this month, following mobilisation of the EM Leader vessel. “We are excited…
Technip has won a contract from Qatar Petroleum for the engineering, procurement, installation and commissioning of a bridge linked living quarters platform and a utility platform. The project location is within Qatar Petroleum offshore facilities…
Subsea 7 has been awarded to new contracts for pipelay support vessels with Petrobras worth an estimated US$600 million. The contracts are for operation of the pipelay support vessels (PLSVs) Seven Mar and Seven Condor on a day rate basis for approximately three years…
McDermott International, Inc. announced that Stephen M. Johnson will retire from his positions as chairman of the board, president and chief executive officer— and as a director of McDermott in December 2013. David Dickson has agreed to join…