Singapore-based Ezra Holdings is set to divest its largest floating production and storage offloading (FPSO) unit, the Lewek EMAS, in efforts to step away from the ownership of FPSO assets and streamline resources, the company revealed in its 1H 2016 report…
GE Oil & Gas and SapuraKencana Well Services have agreed an Asia-Pacific deal to deliver light well intervention services, which they say will unlock previously uneconomic subsea intervention activity. The strategic alliance will enable oil and gas operators to bring wells into production…
India’s Oil & Natural Gas (ONGC) has awarded Fugro a contract for the provision of remotely operated vehicle (ROV) services on board the drillship Sagar Vijay, off the east coast of India. Under the contract, Fugro will provide support for deepwater drilling operations in depths up to 900m…
While Ensco adds two more rigs to its cold-stacked list, the rig provider sold one of its semisubmersibles for US$1 million. The Houston-based company has also seen several of its contracts shortened. Image from Ensco…
Polarcus has received a letter of intent from an undisclosed client for a 3D marine seismic contract in Indonesia using the Polarcus' XArray (TM) technique for enhanced productivity and data quality. Cameron Astill, Senior Vice President Asia Pacific…
Mubadala Petroleum is set to commence drilling operations at the Sri Trang-1 exploration well in mid-May, offshore Thailand. The well is approximately 18km north-northeast of the Manora oil development, in the Gulf of Thailand and within the G1/48 concession…
Wood Group has acquired Ingenious Inc., a supplier of proprietary software and consulting services to the global chemical, oil and gas, and energy industries. The acquisition provides a manufacturing operations management systems capability…
The TRIYARDS Holdings built Lewek Constellation ice-class DP3 multi-lay vessel, was named Support Vessel of the Year at the 2016 Offshore Support Journal (OSJ) Awards. Only offshore support vessels (OSVs) deemed to have raised the bar…
Offshore rig count for March 2016 declined 33.4% when compared to March 2015, and 5% compared to February 2016. Image from Baker Hughes Twitter. According to Baker Hughes, there were a total of 241 vessels operating last month…
Wärtsilä has been awarded the contract to provide the design for a new jackup lift vessel. The contract was signed in March with a well-known Chinese yard and includes an option for three additional vessels. The Wärtsilä design was developed in collaboration with Altis…
Murphy Oil is planning to make cuts to its worldwide workforce in direct response to the negative impacts of low commodity prices. Image from Murphy Oil. “Over the course of the past year and a half…
Petronas, through Malaysia Petroleum Management (MPM), has decided to open an area of Malaysian offshore waters to the multi-client model for the first time, according to PGS. A consortium comprising of PGS, TGS and Schlumberger WesternGeco…
Weatherford and Chevron teamed up to develop a LWD service capable of running in high temperature environments, such as the Gulf of Thailand. Jerry Lee reports on how the project came together. Technician examines HEX electronics in Songkhla…
Japan's Chiyoda and Singapore-based Ezra's EPCIC service provider EMAS AMC officially launched a 50-50 joint venture called EMAS Chiyoda Subsea, which will begin operations on 1 April 2016. The companies signed a binding memorandum of…
Mermaid Maritime’s Thailand subsidiary has been awarded a US$10 million subsea remotely operated vehicle (ROV) service contract in the Gulf of Thailand. The scope of work includes, but is not limited to, structure and sea line inspection…