Wärtsilä entered into a contract with Shanghai Bestway Marine Engineering Design Co. last month to design a new type of deepwater dive support vessel (DSV) for China state-owned company Shanghai Salvage Bureau (SSB). Image from Wärtsilä…
Chevron awarded Ensco a contract for its Ensco 8504 semisubmersible rig, offshore Indonesia. The rig is mobilizing to Indonesia, and is expected to begin operations in late March. The contract is set to end in early July with a dayrate of about US$270…
Barakah Offshore Petroleum Berhad’s subsidiary, PBJV Group Sdn Bhd. won a US$4.6 million subcontract agreement for the Petronas Floating LNG 1 (PFLNG 1). The work is for the provision of offshore engineering, procurement, installation and related activities…
Transocean is stacking two of its ultra deepwater drillships due to current market conditions that will result in the reduction of about 200 jobs. The Transocean Champion. Image from Gusto MSC…
ExxonMobil has released Mobil Serv Lubricant Analysis, a new mobile-enabled used oil analysis service, in the US and Canada. The service streamlines the used oil analysis process, from initial sample gathering to final reporting. Specifically…
Helix Energy Solutions Group is selling its 50% stake in Marco Polo platform owner Deepwater Gateway to a subsidiary of Genesis Energy for US$25 million. Anthony Tripodo, Executive Vice President and CFO of Helix, said: “The sale of the…
Malaysian independent exploration firm Hibiscus Petroleum is set to become a UK North Sea operator after receiving regulatory and shareholder approval for its acquisition of a 50% stake in the Anasuria cluster. It will be the firm's first producing asset…
Shell is cancelling the divestment of an 80% stake in the Bijupirá and Salema fields, including the Fluminense floating production and storage offloading unit (FPSO). The Fluminense FPSO. Image from Modec…
Water treatment solutions company Water Standard secured a contract with Shell Offshore for the design, fabrication, testing, and shipment of an ultrapure water generation package (UWGP) to be integrated on Appomattox, Shell’s floating production system located in deepwater…
Egil Haugsdal has been promoted to president of Kongsberg Maritime, following current president Geir Håøy, who will assume the position of CEO of Kongsberg in June 2016. Haugsdal holds extensive leadership experience from Kongsberg, and currently heads Kongsberg Oil & Gas Technologies…
Norway’s decommissioning market has the potential to be the second largest in the North Sea after the UK Continental Shelf, according to Oil & Gas UK’s first Norwegian Continental Shelf Decommissioning Insight report. The report, which provides a forecast for the region over the next decade…
Petróleo Brasileiro (Petrobras) has started production from the Cidade de Maricá floating production storage offloading unit (FPSO), in the pre-salt layer of the Santos Basin, offshore Brazil, in addition to the expansion of the country’s longest subsea natural gas pipeline…
Statoil launched a new venture capital fund, Statoil Energy Ventures, dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. Image from Statoil…
Norwegian engineering and construction firm Kvaerner says it has a healthy backlog but that there are few opportunities for new contracts in 2016 and 2017 looks uncertain. The firm, which only posted a relatively small drop in revenues in 2015…
Norway-based floating LNG specialist Höegh LNG says it will not engage in further new floating LNG (FLNG) developments, but focus on floating storage, and regasification units (FRSUs). The firm plans to have a fleet of 12 FRSUs by 2019…