Norway's Odfjell Drilling and Metro Exploration have put the Deepsea Metro II ultra deepwater drillship up for sale. The two firms, which own the drillship through their shares in Deep Sea Metro, which owns Deepsea Metro II owner Chloe Marine Corp…
Maersk Drilling has posted an increase in profits in 2Q to US$218 million ($117m in 2014) despite three rigs being idle in the period. Maersk said the result was thanks to strong operational performance, fleet growth, general cost savings and its 2014 Venezuelan business divestment…
Norway-based semisubmersible accommodation provider Prosafe has signed a contract with Petrobras for the provision of the Safe Eurus semisubmersible vessel for safety and maintenance support offshore Brazil. The contract, starting 1Q 2017 with a firm period commitment of three years…
Det norske is ramping up activity and production on its Alvheim floating production, storage and offloading (FPSO) development in the Norwegian sector of the North Sea. The FPSO (pictured), which produces Alvheim field (comprising the Kneler…
Dubai-based fabrication and engineering firm Lamprell's CEO James Moffat (pictured) is to retire 30 June 2016. Lamprell says a search to find his successor is under way. Moffat joined Lamprell in 2013, at a time when it had been under financial strain…
Petronas subsidiary PSE Seven Heads' Midleton well offshore Ireland has failed to discover commercial quantities of gas, according to partner Landsdowne Oil & Gas. PSE Seven Heads, a subsidiary of Petronas' PSE Kinsale Energy reached target depth in the well…
Bristow Helicopters (Nigeria) Ltd. confirmed six people have died, and six survived a helicopter accident in Lagos, Nigeria on 12 August. A Bristow Sikorsky S-92. Image from Bristow. The…
The Israeli government entered into an agreement with the consortia of Noble Energy and the Delek Group to move forward with development plans for the Leviathan field in addition to Karish, Tanin and the further development of Tamar. Prime…
The Norway Petroleum Safety Authority (PSA) has granted Lundin Norway consent to drill exploration well 7220/6-2 in the Barents Sea in a prospect called Neiden. Lundin is the operator for production license 609 in block 7220/6 in the Barents Sea…
Houston-based Hercules Offshore has filed for Chapter 11 bankruptcy protection with a pre-packaged deal that will send the company into a reorganization and financial restructuring. Image from Hercules…
First oil and gas was produced from the H5 wellhead platform (H5-WHP) on the Te Giac Trang (TGT) field 10 August offshore Vietnam, says SOCO. The start of production was achieved one month ahead of schedule and the H5 development project has been completed with zero lost time accidents…
Japan's JOGMEC is to provide equity financing to fellow Japanese firms Idemitsu Kosan and Sumitomo Corporation, which acquired participating interests in the exploration Blocks 39 and 40/02 offshore, Vietnam. Idemitsu and Sumitomo signed the production sharing contract (PSC)…
The subsea infrastructure installation campaign on Ithaca Energy's Greater Stella Area (GSA) development is nearly complete, following the conclusion of the projects five-well development drilling campaign in April. The project, in the central North Sea…
Norwegian oil firm Statoil has marked a milestone on its giant Johan Sverdrup development offshore Norway - the installation of the project's 280-tonne pre-drilling template. Heerema Marine Contractors’ crane vessel Thialf completed the installation of the 32m-long…
Image: TAM International TAM International has restructured its regional businesses into two individual hemisphere-based groups in order to achieve higher performance rates and streamline its business objectives…