Ophir Energy signed a production sharing contract (PSC) with the Myanmar Ministry of Energy to finalize the award of Block AD-03, offshore Myanmar. Upon the terms of the agreement, Ophir will be the operator with a 95% interest in the 10…
Hassan Basma, the chief executive officer (CEO), and executive director of Bumi Armada Berhad is leaving the company for personal reasons. Basma. From Bumi Armada. The board of directors…
Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age…
Masirah Oil commissioned a new 3D seismic survey of Block 50 offshore Oman to be conducted by Dolphin Geophysical. The Artemis Arctic. From Dolphin Geophysical. Block 50 is located on the southeast coast of the Sultanate of Oman…
2H Offshore invested in improved office facilities in Kuala Lumpur, Malaysia and Perth, Australia, to support ongoing growth in the Asia Pacific region. “The subsea oil and gas industry in Asia Pacific continues to grow rapidly,' says Hugh Howells…
McDermott International has concluded the transportation and installation of a Yoke-type single point mooring tower and hook-up to a floating storage offloading (FSO) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field…
Keppel FELS Ltd., a wholly owned subsidiary of Keppel Offshore & Marine Ltd., is ready to deliver the Jindal Explorer, a KFELS B Class jackup drilling rig to Star Drilling Pte. Ltd., an associate company of India’s D P Jindal Group (Jindal)…
Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border…
Oil production has started at from a previously undrained compartment at OMV’s US$255 million Maari redevelopment, located around 80km off the Taranaki coast of New Zealand. The MR-8A well, the second in the drilling campaign, was side…
PTTEP International awarded Electromagnetic Geoservices ASA (EMGS) a US$7 million contract in Thailand and Myanmar. In October, EMGS received the letter of intent for the 3D EM data acquisition. The survey will be done using the vessel BOA…
SBM Offshore is selling its DSCV SBM Installer, a diving support and construction vessel (DSCV) to joint venture OS Installer AS for US$150 million in cash. The SBM Installer. From SBM Offshore. Both…
CNOOC Ltd. began production at its Panyu 34-1/35-1/35-2 project in the South China Sea. Image from CNOOC. Panyu 34-1/35-1/35-2 is located in the Pearl River Mouth basin in a water depth range of 195-338m…
Singapore-based KrisEnergy is about to recieve the Cendor mobile offshore production unit (MOPU) Marine Contracting moves it the from the Cendor field, offshore Malaysia to Batam, Indonesia for upgrade work. Marine Contracting moving the Cendor MOPU…
Bourbon’s Rodolphe Bouchet explains how the company’s new Explorer 500 series shows its commitment to standardization, which offers time and cost savings. The PSV Bourbon Explorer 504 at sea. Photos from Bourbon…
The global fleets are growing – not least in order to cater for new deep water challenges. Fred Tholen takes a look. Subsea 7’s new heavy construction vessel, under construction in South Korea…