Atlantic Offshore has sold most of its operations and subsidiaries to newly established company Aegopodium in a US$2.1 million (NOK 16.9 million) deal, after its own restructuring solution was rejected by stakeholders. The Ocean Sprite…
Statoil has awarded Proserv a multimillion-dollar contract to provide production control equipment for its Gullfaks project in the North Sea. Upon the terms of the agreement, Proserv will supply five wellhead hydraulic power units for the field…
DOF subsidiary DOF Rederi has entered into agreements with both Nexen Petroleum UK and Maersk Oil North Sea UK for charter contracts in the North Sea. With Nexen, a contract is scheduled to start in May for the Skandi Marstein in the North Sea…
Schlumberger’s Muriel Barnier has been awarded the inaugural Outstanding Young Professional Award. Image of Barnier, from IOGP Twitter. Gordon Ballard, Executive Director at…
Rigless electric submersible pump (ESP) provider AccessESP has named John Algeroy as the Europe and Africa region manager. Based in Houston, he will be responsible for all marketing, sales and operations for clients throughout the region…
Brazil’s Petroleo Brasileiro (Petrobras) has sent its second cancelation notice this year to Athens-based DryShips, to terminate a vessel contract 16 months ahead of schedule that will set the company back nearly US$3 million. Image from Petrobras…
DNV GL has now launched the first globally applicable guidance for leak detection systems for offshore fields. The challenge for oil and gas operators is to have a leak detection system that is reliable and capable of detecting leaks…
Norway’s Petroleum Safety Authority (PSA) has revealed in its investigation of a fatality aboard the COSL Innovator, that the rig was not built to endure weather conditions that occurred on the night of 30 December, however, COSL Drilling Europe conducted its own heavy-hitter investigation…
Archer has been awarded a five-year contract by ConocoPhillips for the provision of mechanical wireline services for the Norwegian Continental Shelf. The contract was awarded following a competitive tender process for ConocoPhillips’ well intervention services in Norway…
In May 2016, PGS will commence acquisition of a 4400sq km 3D GeoStreamer survey over the Aasta Hansteen area of the Norwegian Sea, scheduled to be completed in August 2016. Fast track data will be available four months after the final shot…
Island Offshore's mobile offshore unit Island Constructor has been awarded a contract by BP Exploration Operating Co. for the provision of light well intervention services on the UK continental shelf in July this year. According to the terms of the agreement…
The Petroleum Safety Authority Norway has given Statoil consent to use the Stena Don mobile drilling facility for drilling and completion of wells 35/11-B-22 and B-13 in the Fram field in the North Sea. Fram is an oil field in the northern North Sea around 20km north of Troll…
The Petroleum Safety Authority Norway has given Wintershall consent to use the mobile drilling facilities Island Frontier and Island Wellserver for intervention work on the wells in the Vega field. Vega lies due north of the Fram field…
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…