Kvaerner and Aker BP have signed a framework agreement that will see Kvaerner provide construction and hook-up of fixed offshore platforms, including topsides and steel jacket substructures. The first project of the deal is set to be the Valhall West Flank normally unmanned installation…
Aker Solutions has completed the acquisition of oil-services provider Reinertsen, building on its position as a leading maintenance and modifications supplier offshore Norway. The agreement to buy Reinertsen's Norwegian oil and gas services business…
Shelf Drilling, Ltd. has taken delivery of its second newbuild jackup rig – Shelf Drilling Krathong (SDK) – from Lamprell. The rig was delivered within budget and on-time. It is scheduled to depart for Thailand by 20 April 2017 where it commences operations for Chevron Thailand…
TechnipFMC, a longstanding engineering partner of Sulzer, has won the Hydraulic Institute Award for Innovation and Technology for its innovative products and solutions. The company was recognized during a ceremony at the Institute’s Centennial Celebration Gala in Florida…
Wood Group was awarded a multi-year contract from Karoon Petróleo & Gás to provide owner’s engineering services to support the full field development for the Echidna field offshore Brazil marking the first project between the two companies…
Solstad Offshore signed a three-year charter deal with Mexico’s Typhoon Offshore for the Normand Oceanic construction support vessel (CSV) to operate in Mexico’s waters. Typhoon Offshore will charter the Normand Oceanic CSV beginning in May 2017 for the company’s projects…
BW Offshore (BWO) signed a cooperation agreement with ICBC Financial Leasing Co. Ltd. (ICBCL) to form a long-term strategic partnership that will see the duo take on large international infrastructure projects with a focus on floating production and storage offloading units (FPSOs)…
Hurricane Energy has tripled its recoverable resource estimate for its Lancaster field in the North Sea to nearly 600 MMbbl. In its investor presentation, Hurricane provided an 'exaggerated' 3D model of Lancaster…
Seadrill has secured a one-well contract with BP Canada Energy Group for the West Aquarius in eastern Canada. The contract is expected to start in Q2 2018. The backlog for the contract, estimated to be a maximum of 120 days, is expected to be approximately US$31 million.
According to new research from analysts Rystad Energy, service companies are expected to start recruiting in the offshore industry again later this year, following a massive reduction from 2014-2016. “Among the top 50 service companies…
Rosneft started drilling the Tsentralno-Olginskaya-1 well, the northernmost well at the Russian Arctic shelf, in the Khatangsky license area. Image of Rosneft workers drilling the northernmost well at the Russian shelf…
Vantage Drilling International has acquired the Hercules 260, a Marathon LeTourneau Class jackup drilling unit, from Hercules Offshore for an undisclosed amount, and has renamed the rig the Vantage 260. As part of the acquisition, Vantage…
Oceaneering International secured a contract from Anadarko Petroleum to supply the umbilical for Anadarko’s Constellation subsea tieback in the US Gulf of Mexico. The contract is for a dynamic and static electro-hydraulic steel tube control umbilical…
The US operation of M² Subsea has appointed a new general manager (GM) and senior vice president of commercial, Paddy Hardey. Based in Houston, Hardey will be responsible for implementing the firm’s global commercial and contracting…
Serica Energy is targeting 2020 for first gas at its Columbus field in the Central North Sea, and reveals plans to begin drilling at the nearby Rowallan prospect next year. Map of Columbus, from Serica…