Offshore drilling contractor Dolphin Drilling announced a two-month contract extension with i3 Energy for use of the Borgland Dolphin semi-submersible drilling rig and agreed to enter into a four-year strategic operations agreement between both companies…
Norwegian offshore support vessels company Simon Mokster Rederi said that it has sold the 3,000-dwt platform supply vessel (PSV) Stril Neptun to Greek interest for work outside the offshore shipping segment.Stril Neptun was delivered back in…
International exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.Rystad Energy has evaluated all offshore oil fields sanctioned…
A consortium led by Boskalis Nederland and Bouygues Travaux Publics has won a contract from the Occitanie/Pyrenees-Mediterranee region of France for the expansion of Port-La-Nouvelle in the south west of the country that will lead to offshore wind development…
Swiss technology company ABB ABB has won a big contract to connect the world’s largest offshore wind farm (OWF) to Britain’s electricity grid.ABB has been selected by energy companies SSE Renewables of the UK and Equinor of Norway to supply…
Aker BP, Schlumberger and Stimwell Services have established the Well Intervention and Stimulation Alliance to accelerate and boost oil production.The 5+5 year tripartite agreement was signed by the CEOs of the three alliance partners at a venue at Aker BP’s Headquarter at Fornebu on Tuesday…
Total said it has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell for $300 million.“This transaction…
Confidently setting an environmental barrier for plugging and abandonment (P&A) operations has traditionally been limited to mechanical bridge plugs and inflatable devices. At a fraction of the cost of conventional tools, Coretrax, the wellbore clean-up and abandonment specialist…
Global owner and operator of floating production storage and offloading vessels (FPSO) BW Offshore, through its affiliate BW Energy, has announced a re-adjusted operational plan for its offshore Gabon operations after an outcome of drilling…
In the shale field that helped launch the U.S. natural gas boom a decade ago, Chesapeake Energy Corp this month set aside its last drilling rig. The problem for the once No. 2 U.S. gas producer was not a lack of gas, but too much of it.A long…
On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others…
One of the world's largest crane vessels has set a new local heavy lift record of 11,100t for the Gulf of Mexico.The record lift, performed by the Saipem 7000 on October 7, took place during the installation of a gas compression module for the…
Partners in the Barossa project have taken another step toward a final investment decision (FID) with the awarding of the contract for the floating production, storage and offloading (FPSO) facility to MODEC International Inc., project partner Santos announced on Tuesday…
Gro Stakkestad, manager of subsea intervention and pipeline repair, Equinor, weighs in on her company’s thoughts on subsea resident vehicles.Why are subsea resident vehicles attractive now?The recent downturn in the oil price combined with ever…
Oil prices fell on Wednesday as worries over a possible delay in resolving the U.S.-China trade war which has hurt global oil demand competed with a drop in U.S. crude inventories which buoyed prices.Brent crude was up 4 cents, or 0.06%, at $61…