Heerema Fabrication Group (HFG) will cut 450 jobs, amounting to 58% of its workforce, as part of restructuring efforts amid ongoing poor market conditions. Image of Zwijndrecht yard, from HFG. The cuts…
North Atlantic Drilling (NADL) was awarded a 90-day contract from Total E&P UK Ltd. for the West Phoenix semisubmersible to work in the United Kingdom, West of Shetland. The total backlog for the contract is estimated at US$17 million…
The UK business of CNOOC-owned Nexen Petroleum is planning two high-pressure, high-temperature (HPHT) exploration wells in the North Sea, with at least one in 2017, and assessing a phase 2 of its massive Buzzard development. Presenting…
InterMoor has added inspection and testing capabilities to its marine base at the Açu Superport in São João da Barra, northern Rio de Janeiro. The base now has a 1000-ton test bed and can perform load and breaking test for chain, wire rope…
Optime Subsea Services has signed a contract with an undisclosed US-based customer to supply a new hyperbaric testing system that simulates hydrostatic pressures found at water depths up to 14,000m. The 20,000psi hyperbaric pressure vessel…
McDermott International opened a new office in Al Khobar, Saudi Arabia, with the ability to add 300 staff to its existing workforce in the Kingdom. Image from McDermott. The new…
Independent Oil and Gas (IOG) has received initial results from new interpretations of 3D seismic data covering the Blythe Hub licenses in their Southern North Sea (SNS) portfolio and also provides a further update on the Cronx acquisition…
Anadarko Petroleum posted a net loss of US$830 million in Q3 2016, as the US independent moves forward with its deal with Freeport McMoRan (FCX) and shifts its focus to oil with the deepwater Gulf of Mexico on its priority list. Walker…
Novenco has signed a contract with Singaporean contractor SMOP for delivery of HVAC equipment of air handling units (AHUs), fans and cooling equipment for the construction of the three platforms in the Culzean gas field in the UK sector of the North Sea…
Click to view larger. Source: Dominican Republic Ministry of Energy and Mines. The Dominican Republic's Ministry of Energy and Mines reported six areas on- and offshore that could be the starting…
In this video, Exxon shows a timelapse video of the construction of the Hebron gravity based structure (GBS), which took about five years to build. Exxon's Hebron heavy oil project off Newfoundland and Labrador, Canada, sits in the Jeanne d’Arc basin about 350km southeast of St…
A recently formed subsea services business has secured private equity investment in order to buy a fleet of 32 remotely operated vehicles. Aberdeen- and Houston-based M² Subsea was able to buy the fleet from the administrators of failed…
Statoil says it is aiming for production startup on its Trestakk discovery in the Norwegian Sea in 2019. The firm, which today submitted a plan for development and operation of the field, says the project will cost about US$610 million (NOK5…
Russia's President Vladimir Putin inaugurated first oil from the Vladimir Filanovsky field in the Caspian Sea yesterday (31 October). The V. Filanovsky field, discovered by Lukoil in 2005, is Russia’s largest oil discovery for the past 25 years…
The tidal industry’s high water mark is set to be made next year. Many hope it will be a turning point for an industry still facing many challenges. Elaine Maslin reports. Atlantis’ AR1500. Photo from Atlantis…