Royal Dutch Shell announced today (4 October) that its subsidiary, BG Asia Pacific Holdings Pte Ltd., and KUFPEC Thailand Holdings Pte Ltd., a subsidiary of Kuwait Foreign Petroleum Exploration Co. (KUFPEC), have mutually agreed to cancel…
Deep sea minerals have been seen as a potential new source for in demand metals and rare earth elements. Offshore sector firms are eyeing the potential for a new revenue stream. Elaine Maslin reports. Many are looking to a new resource…
Plexus Holdings has been awarded a contract with new customer Rosneft’s Vietnam subsidiary to supply its POS-GRIP high pressure high temperature (HPHT) adjustable rental exploration wellhead equipment for an exploration well offshore Vietnam…
CEFC China Energy is set to buy a 14.16% stake of state-owned Russian oil firm Rosneft in a US$9.1 billion deal with the consortium of Glencore and the Qatar Investment Authority (QIA). Image from Rosneft…
Global Maritime signed a memorandum of understanding (MoU) with a number of leading Taiwanese organizations to develop closer cooperation on offshore wind technologies including marine warranty surveys, inspections and testing services. From…
Empyrean Energy has encountered a new prospect, Pearl, offshore China, following recently acquired 3D seismic in the area. Map from Empyrean. The company finalized the preliminary…
CNOOC has signed a production sharing contract (PSC) with South Korea's SK Innovation for Block 17/08 in the South China Sea. Block 17/08 is in the Pearl River Mouth basin, covering a total area of 466sq km with a water depth of 100-130m…
Petrovietnam Drilling & Well Service Corp. (PV Drilling) signed a contract for use of the PV Drilling jackup rig for KrisEnergy in the Gulf of Thailand. PV Drilling I jackup. Image from PV Drilling…
There is plenty of heavy oil to get out of the ground in Mexico, Brazil and Indonesia. Karen Boman surveys the work underway. The Peregrino FPSO at the Peregrino Field offshore Brazil. Photo from Statoil…
North Atlantic Drilling Ltd. (NADL) and Jurong Shipyard have agreed to form a joint asset holding company for joint ownership of the West Rigel semisubmersible drilling rig, with has seen several delivery delays. Should no employment…
Schlumberger’s WesternGeco has completed a hybrid seismic acquisition survey using their newly deployed multipurpose vessel (MPV)—a first in the industry, the company says. WG Vespucci. Image from Ultstein…
KrisEnergy has named Kelvin Tang, chief operating officer (COO) and president of the company’s Cambodian operations, as its new chief executive officer (CEO) effective 1 September 2017. Jeffrey S. MacDonald, who served as the interim CEO and board executive director since July 2016…
DOF Subsea has been awarded several global contracts, securing utilization for several vessels in the subsea IMR projects segment. In the Asia Pacific region and the Atlantic region, DOF Subsea has been awarded several contracts and work under existing frame agreements…
KrisEnergy and the Cambodian government have signed fiscal and technical agreements for Cambodia’s first oil field development at Cambodia Block A in the Gulf of Thailand. Cambodia Block A. Map from KrisEnergy…
The Dresser-Rand business, part of Siemens Power and Gas, was awarded two orders to supply power generation equipment for the Penglai and Dongfang projects, offshore China. At China National Offshore Oil Corp.’s (CNOOC) Penglai oil field in Bohai Bay…