UK-based fractured basement explorer Hurricane Energy has suspended farm-outs talks on its west of Shetland Lancaster project after raising enough financing to do its latest appraisal work itself. The firm raised £52.1 million in May…
Mermaid Maritime’s subsidiaries, Seascape Surveys and PT Seascape Surveys Indonesia have been awarded six different subsea contracts in the Asian region with an estimated US$15 million. The various work scopes include subsea survey, inspection…
Last year was a challenging year for the floating production systems (FPS) market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed…
CORTEC, a leading manufacturer of high quality API compact ball valves and manifolds, has expanded its CORTEC Manifold Systems (CMS) Lafayette manufacturing facility and relocated to new premises in Port Allen, Louisiana. According to Stephen Corte…
The global offshore rig count for May 2016 has fallen 20%, when compared to May 2015, with Latin America seeing the biggest drop by 57%. Image from Saudi Aramco. According to Houston-based Baker Hughes…
Global Maritime Consultancy & Engineering has appointed Mikal Grure Eie as regional manager for Norway. Eie‘s brief will be to develop closer customer relationships and drive new business development opportunities throughout Norway. Eie has spent over 10 years in the offshore sector…
Singapore-based Swiber secured three new contracts worth a total of US$215 million for separate projects in the Middle East and Southeast Asia regions. Swiber was awarded an engineering, procurement, construction and installation (EPCI)…
French group ENGIE's Norwegian business has hailed an increase in gas production on its Gjøa field by 17.5% and an increase in the ultimatly recoverable reserves by 60 MMboe. 'Gjøa was originally designed to export 17 MMscm/d. That we are currently producing 20 MMscm/d…
Independent Oil and Gas is finally set to drill its delayed appraisal well on the Skipper discovery in the Northern North Sea next month using Transocean's Sedco 704 semisubmersible drilling rig. The vertical well will be drilled to…
Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) has launched the country’s latest licensing round, EG Ronda 2016, that offers 32 blocks offshore West Africa. Image of Minister of Mines…
Materia, a catalyst and advanced polymer developer and manufacturer, has introduced Proxima thermoset resins for applications in subsea thermal insulation, subsea buoyancy, and for downhole tools. Proxima HTI resins for high temperature…
The design and technical features of Finland's newest icebreaker Polaris (IB Polaris) were presented in Helsinki as part of the CIMAC World Congress. IB Polaris is an environmentally friendly diesel-electric icebreaker. It will be powered…
Atlantic Petroleum entered into a US$1.1 million (DKK 7 million) sale and purchase agreement with Bridge Petroleum for its 25% interest in the Orlando development, offshore the UK. The deal also includes a deferred consideration in the…
The platform deck for the Ivar Aasen project is now on its way to Norway after sailaway from the yard area in Singapore on Monday. The platform deck will be lifted in place on the field in July. The platform deck is being shipped the…
Petrobas' pre-salt production has reached 40% of all the state-oil firm's production in Brazil and 12 more systems are due online in the Santos Basin alone by 2020, the firm has said. The milestone was reached as over all pre-salt production set new highs…