US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
The NHV Group has been awarded a contract with Ithaca Energy UK (Ithaca) to provide helicopter services in support of their upcoming drilling project at the Harrier Well in Block 30/6. The operations are expected to start Q2 2017. Flights…
Statoil has awarded a subsidiary of Oceaneering International a technology development contract to provide the development, manufacturing, testing, and mobilization of a self-contained, battery-powered work class remotely operated vehicle (E-ROV) system deployed on the seabed of the North Sea…
DOF subsidiary Norskan Offshore has secured three contracts with Brazilian giant Petrobras. The first, is a one plus one year contract for the Skandi Botafogo, which is set to start 15 February. Skandi Botafogo is an anchor handling tug supply vessel…
Seadrill is aiming to raise US$1 billion in new capital for restructuring efforts that CEO Per Wulff says has been more complex than the company had anticipated. The West Tellus, from Seadrill…
NEL, the flow measurement research and development specialist, has been selected to lead the development of a new multiphase flow measurement standard for the oil and gas industry. Despite the growing use of multiphase meters to cope…
Italian giant Eni discovered pay at the first appraisal well of its Merakes discovery offshore Indonesia. Image from Eni. The company successfully drilled and tested the Merakes 2 well…
A contract for assembling pioneering suction bucket foundations for Vattenfall’s European Offshore Wind Deployment Centre (EOWDC) has helped safeguard around 35 jobs and create up to another 105 positions in Newcastle-upon-Tyne after being awarded to Smulders Projects…
Norwegian firms Aker Solutions and Aibel have won hook-up and commissioning contracts on Statoil's massive Johan Sverdrup field development offshore Norway. The contracts have a total value of slightly less than NOK 1.3 billion, excluding options…
Wood Group has been awarded a five-year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess’ newbuild fixed and floating offshore facilities in the North Malay Basin development…
Supermajor Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to US$3.8 billon. The packaged deal consists of Shell's interest in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster…
Norway’s Petroleum Safety Authority (PSA) has granted Lundin consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field in the North Sea. Lundin is the operator of the Edvard Grieg field, around 140km west-southwest of Stavanger…
Pacific Exploration & Production Corp. has appointed Barry Larson as its new chief executive officer, effective 20 February 2017. Larson will be based at the company's operating headquarters in Bogotá, Colombia. Jim Latimer will continue…
Repsol Sinopec Resources UK exercised further options with Prosafe to extend the charter of the Safe Boreas semisubmersible accommodation unit by a total of 17 days. The firm operational period of the Safe Boreas at Montrose A in the…
Offshore geoscience and geotechnical engineering consultancy Cathie Associates, has formed a US entity: Cathie Associates Inc in Boston, Massachusetts. The move is part of the company’s plans for international expansion and will enable them to serve offshore wind development in the US…