Karen Boman discovers how Glasgow’s shipbuilding industry eventually led McDermott International’s CEO David Dickson toward a career in subsea. David Dickson Growing up, McDermott…
Materials development is pushing the boundaries of how things are currently done in oil and gas. Elaine Maslin looks at some of the research underway, including ‘smart’ materials that could potentially heal themselves, and additive manufacturing…
Transocean has completed the sell of its jackup fleet to Borr Drilling for a total consideration of approximately US$1.35 billion. The sale included the company’s 10 high-specification jackups and five jackups under construction at Keppel FELS Ltd’s shipyard in Singapore…
Chevron is selling all of its shares in Trinidad and Tobago to Shell’s BG International Ltd. in a US$250 million deal. Image from Chevron Facebook. The deal, signed earlier this week on 29 May…
Baker Hughes and GE have gained clearance from the European Commission (EU) for the duo’s proposed merger. “The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry…
Mermaid Maritime has inked US$26 million worth of contract in the Middle East and Southeast Asia. In the Middle East, the DP2 dive support vessel the Mermaid Endurer has been carrying out a 30-day project on a DSV - ROV - SAT and air…
Sevan Drilling has announced yet another delivery deferral agreement for the Sevan Developer. This time, the delay has been extended to 30 June 2017 to “complete and finalize negotiations.” Other terms of the deferral agreement have not been amended…
Bourbon and Kongsberg Maritime have strengthened their collaboration in digital solutions for next generation connected vessels by signing a strategic agreement of collaborative development on connected and autonomous vessels. The two…
Odfjell Drilling signed a letter of award (LoA) today (31 May) with Statoil to secure the Deepsea Bergen for drilling activities in 2018-2019. The LoA includes one firm well plus four options for three additional wells, which totals out to 14 months in all…
Saudi Aramco and partners have proposed to build the US$5.2 billion King Salman International Complex for Maritime Industries & Services, a maritime complex in Saudi Arabia that will be one of the largest yards in the Arabian Gulf. Signing…
Kotug International’s offshore division assisted Allseas with the transfer and transport of Shell’s Brent Delta topsides after the record-setting removal of the structure by Pioneering Spirit. Image from Kotug…
Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South Marsh Island 71 license (SM-71) in the Gulf of Mexico. Map of SM-71, from Otto…
Norway’s Petroleum Safety Authority (PSA) has granted Eni consent to use Scarabeo 8 at Goliat, which will drill two production wells, in the Barents Sea. One of the two wells to be drilled is for oil production, while the other is for water injection…
Six of the offshore exploration wells that are set to drill in the UK in 2017 have an average pre-drill prospect volume of over 100 MMboe. Douglas-Westwood, through its Westwood Insight, asks if this signal a renaissance for UK exploration…
Oil Spill Response Ltd. (OSRL), Trendsetter Engineering and Halliburton have signed a memorandum of understanding (MoU) for integrated subsea well-capping response solutions. With the MOU, the companies will create a strategic alliance for…