A US court ruling has put a key document supporting oil major Shell's Chukchi Sea drilling in doubt. Over one partial objection, the US Court of Appeals for the Ninth Circuit (CA9, panel based in San Francisco) ruled that selection by the Bureau of Ocean Energy Management…
Noble Corp. today reported Q4 2013 net income of US$174 million, and for Q3 2013, the company reported net income of $282 million. Net income for the full year 2013 totaled $783 million, on revenues of $4.2 billion, compared to net income of $522 million on revenues of $3…
Fundy Tidal Inc.'s turbine project in the Bay of Fundy, off Nova Scotia. www.fundytidal.com
The finalists for the annual Subsea Awards have been revealed with a mix of small start-ups and large, multi-nationals in contention for recognition during Subsea Expo. The winners will be announced at the gala dinner on Wednesday, February 5…
John Carne is to retire from his role as CEO of new joint venture OneSubsea on February 28, 2014, it has been announced.John has served as CEO of OneSubsea since the Cameron and Schlumberger joint venture was formed on June 30, 2013. Previously…
Sandvik has reached an agreement to acquire Varel International Energy Services Inc. for approximately US$740 million. The closing of the acquisition is subject to standard regulatory approvals and certain environmental due dilligence. Varel…
At a meeting of the HRT's Board of Directors held on Dec. 20, 2013, resolutions were passed on the following motions by the majority of the members in attendance: To acknowledge that the election of Messrs. Edmundo Falcão and Marcello Pacheco is null and void…
OptaSense, a specialist in distributed acoustic sensing (DAS), is developing the world’s first fully marinised and qualified DAS system in a joint program with Shell. The OptaSense Subsea-DAS system, which will be deployed in water depths of up to 10…
Syria's news agency SANA, announced that the Syrian Ministry of Petroleum and Mineral Resources signed the 'Amrit' contract with Russia's Soyuzneftegaz on 25 Dec 2013 for offshore oil drilling, development and production in Block no. 2 of Syria's territorial waters…
Singapore-based Keppel FELS Ltd. has delivered ARABDRILL 60, a KFELS B Class jackup rig, to Arabian Drilling Co. (ADC), five days ahead of schedule, on budget, and with a perfect safety record. This marks the 21st newbuild offshore rig that Keppel FELS has delivered in 2013…
The US Department of the Interior (DOI) announced that the US-Mexico Transboundary Hydrocarbons Agreement has been enacted. The agreement establishes a framework for US oil and gas companies and Mexico’s Petroleos Mexicanos (PEMEX) to jointly…
The President of Brazil, Dilma Rousseff, and Petrobras CEO, Maria das Graças Silva Foster, attended the work completion ceremony for the P-62 platform on 17 Dec 2013, at the Atlântico Sul Shipyard, in Ipojuca (state of Pernambuco). Before the ceremony…
Trinity Exploration & Production spud the El Dorado exploration prospect today. The well is located off the west coast of Trinidad in the PGB license in 60 ft of water, about 2km from Trinity-operated production infrastructure. Trinity…
Offshore renewable energy was on the agenda when the International Marine Contractors Association (IMCA) held its first meeting of its long-established Europe & Africa Section in Germany. The meeting on Thursday, November 28, in Hamburg…
On 4 December, New Zealand awarded five permits for offshore oil and gas exploration in Block Offer 2013, across the Reinga-Northland, Taranaki, and Great South-Canterbury basins. Australia's Woodside Energy Holdings and New Zealand Oil…