Deep Sea Supply has agreed a deal to buy 10 platform support vessels (PSVs) for US$366 million. The move will increase the firm's fleet from 30 to 40 vessels. Deep Sea Supply says the 10 PSVs will achieve attractive cash break even rates…
Noreco is in the process of completing drilling of the Verdande well 6608/10-16 (PL484) in the Norwegian Sea. The firm said hydrocarbon shows were found in two sections, but that well will be plugged and abandoned without further testing…
Iran's oil production will reach 4 million barrels per day (bpd) by the end of the current Persian calendar year in March 2015, a senior Iranian oil official said. Mohsen Qamsari, director for international affairs at the National Iranian Oil Company (NIOC)…
Seadrill has won a contract with Total Upstream Nigeria for use of its newbuild ultra-deepwater drillship West Jupiter (pictured), in support of the Egina ultra-deep offshore project in Nigeria. The contract is for five years and is worth about US$1…
Singapore-based marine and offshore engineering firm Sembcorp Marine has agreed entered to buy a 12% stake in Norwegian firm GraviFloat for US$4 million, with a right to increase its stake up to 20%. GraviFloat was formed to design, deliver and operate re-deployable…
Success of the Butch South West prospect, drilling on which has started, could prompt a new stand alone production facility in the North Sea, according to Faroe Petroleum. Drilling on the Centrica-operated Butch South West exploration well 8/10-6S…
Subsea 7 provides this animation of its new heavy construction vessel The Seven Arctic, which is under construction at Hyundai Heavy Industries (HHI) in South Korea, and due for delivery in 2016. The newbuild subsea construction vessel…
The Centennial J tanker will be converted by MODEC for Tullow's TEN field. Photo by: Tullow Oil Plc/Joseph Lynch. E&P companies will continue to invest in deepwater exploration and development…
As Infield Systems prepares for the annual release of its Deep and Ultra-deepwater Market Report to 2018, we look to global development of the deepwater sector and the emerging trends over the forthcoming five years. Looking back over the previous five-year period…
US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank announced the award of the first three oil and gas leases in the Gulf of Mexico that are subject to the US-Mexico Transboundary…
LNG America announces the selection of the American Bureau of Shipping (ABS) as the classification society for North America’s first LNG bunker barges, currently being designed by Jensen Maritime. ABS will assist LNG America in working…
Industry contributors are wanted to scope the demand for a UK-based, large composites structures center as part of a study for the Department of Business, Innovation and Skills (BIS). The National Composites Centre (NCC), in conjunction with the University of Southampton…
A.K. Suda reports that the world’s largest liftboat has been built by Triyards Marine, Saigon Shipyard in HCMC, Vietnam, and will be delivered to Singapore-based EMAS Offshore in June. The 450ft (137.25m) truss-legged liftboat was designed by A…
BP provides this video on its LoSal enhanced oil recovery (EOR) remedy and how it applies to the Clair Ridge development. See more on this technology in the June 2014 issue of OE.
Total will exit the Shah Deniz field, following an agreement the French explorer reached with Turkish state-owned oil company TPAO. Total will sell its 10% interest in Azerbaijan field and associated South Caucasus pipeline for US$1.5 billion…