Oil and gas asset integrity and corrosion management firm LUX Assure has established a sales and service agreement with Houston-based Brown Corrosion Services Inc. Brown Corrosion Services will be handling the business development of…
Heerema Marine Contractors is planning a new semisubmersible crane vessel (NSCV), which, according to crane supplier Huisman, will have the world's largest cranes on board. At 214m-long and 97.5m-wide, the NSCV will become the world’s largest semi-submersible crane vessel…
A new tax break for high-pressure, high-temperature fields in the UK North Sea has been overshadowed by a move by the UK Government to change to taxes on drilling rigs. The move, relating to bare-boat chartering, “perplexed” industry…
Jumbo signed a Contract with Subsea 7 for the provision of the floating production, storage and offloading vessel mooring piles and ground chains installation for Dana Petroleum's Western Isles Development Project (WIDP). Installation…
IKM Subsea has been awarded a 1+1+1 year contract by Statoil for ROV drill support service. The contract includes ROV services onboard Maersk XLE 3. Maersk XLE 3 is a jackup rig to perform drilling at the Gina Krog field. 'The fact…
Austrian integrated energy firm OMV has boosted its UK west of Shetland holdings after agreeing to buy four licenses in the area from Hess, including the Cambo field and the Blackrock prospect, for US$50 million. Depending on future developments…
Statoil Petroleum has discovered hydrocarbons in wildcat well 34/8-17 S in production license 120 in the Norwegian sector of the North Sea. The well was drilled on the north-east flank of the Visund field, in the northern part of the North Sea…
ITF, the Industry Technology Facilitator, has started a joint industry pptoject (JIP) with Tullow Oil to establish a comprehensive, global wells and completions reliability database and is urging more operators to join the project. The…
Luxembourg-based investment firm JACCAR Holdings has made a takeover bid for French offshore vessel owner Bourbon. JACCAR, the private, maritime sector-focused, investment company of Jacques de Chateauvieux, Bourbon’s chairman, already directly owns 26…
Cairn Energy has said it is committed to its planned 2014 operations, but that spending beyond then is being looked at closely as its awaits resolution of tax issues in India. The Edinburgh-based firm says spending beyond 2014 would depend…
Shipbuilding firm Vard has set up a new subsidiary for ship design, engineering and sales activities in Canada. Vard Marine Inc. is a ship design and marine engineering company providing solutions for offshore and specialized vessels such as offshore support…
Saipem has been contracted by South Stream Transport for the construction of the first line of the South Stream Offshore Pipeline, from Russia to Bulgaria across the Black Sea, for a total value of about US$2.7 billion. The South Stream…
Cairn Energy's JM-1 well, offshore Morocco, is to be plugged and abandoned without testing, after funding heavy oil. The JM-1 well (operated by Cairn with 37.5% WI) was drilled to evaluate Upper Jurassic and Middle Jurassic objectives…
Germany’s RWE Aktiengesellschaft has conditionally agreed to sell its exploration and production firm subsidiary RWE Dea AG to Russian-backed LetterOne Group for about Euro 5.1 billion (US$7 billion). LetterOne was founded last year as an investment vehicle…
GE formally opened its newly expanded oil and gas facility in Fót, Hungary. The GE Oil & Gas manufacturing plant has been substantially enlarged with the addition of a new 8000sq m manufacturing facility and a new office building of 3000sq m…