MAN Diesel & Turbo has agreed to acquire a 40% participation in Candian company Aspin Kemp & Associates (AKA). AKA based in Montague, Prince Edward Island (PEI), which specializes in power supply, energy management and drive systems for marine applications…
Hyperdynamics’ wholly owned subsidiary SCS Corp. (SCS), and South Atlantic Petroleum (Sapetro) have completed the closing of their farmout agreement, becoming full 50/50 partners in the production sharing contract (PSC) with the Republic of Guinea…
AkerBP has started plugging operations at the Valhall field, in what the company is calling a pioneer project that involves fully powering the Maersk Invincible drilling rig from shore. Image of…
Total will expand its deepwater exploration and production efforts to Ireland’s offshore after entering options to acquire interests and operatorships in southern Porcupine Basin licenses. Image: Providence…
The Norwegian Petroleum Directorate (NPD) on Wednesday granted Statoil Petroleum AS the exploration drilling permit for the Kayak prospect in the Barents Sea. Statoil will use the Songa Enabler to drill wildcat well 7219/9-2 in production license 532…
Norway’s Petroleum Safety Authority (PSA) has given Statoil the go-ahead to drill the Carmen prospect in the Norwegian Sea. Statoil will use the semisubmersible Deepsea Bergen to drill Carmen, located on Block 6507/8 in 358 m of water at Haltenbanken…
Decades of life yet are left in the UK North Sea, but it's still all about reducing costs and finding more efficiencies, including through use of data. Industry leaders gave these views at Oil & Gas UK’s Oil and Gas Industry Conference…
Fugro Venturer. Image from Fugro. With a maiden voyage that takes her to the deepwaters of Ireland’s Atlantic margin and the far North of the Barents Sea, the Fugro Venturer is the newest of Fugro’s successful purpose-designed…
Harke Jan Meek. Image from IMCA. The International Marine Contractors Association (IMCA) has appointed Harke Jan Meek, chief commercial officer at Heerema Marine Contractors as its new president and chairman of the board…
ExxonMobil has signed a production sharing contract (PSC) with the government of Equatorial Guinea for a deepwater block located 36mi west of the country's capital city, Malabo. Exxon will operate deepwater Block EG-11 with 80% working interest…
Providence Resources has received consent to transfer 30% equity in FEL 2/14 to Capricorn Ireland Ltd., a wholly-owned subsidiary of Cairn Energy. Providence gained the approval from Ireland's Minister of Communications, Climate Action and Environment…
Baker Hughes and General Electric Co. (GE) have announced the executive team that will lead Baker Hughes, a GE Company upon closing of their proposed transaction to combine GE’s Oil & Gas business with Baker Hughes. The combined executive team will be as follows: Lorenzo Simonelli…
Stena Atlantic Ltd., an affiliate of Stena Drilling, notified Korean shipbuilder Samsung Heavy Industries (SHI) last week, that it has exercised its right to cancel their contract for the construction of the Stena MidMAX, a dynamically positioned harsh environment semisubmersible drilling unit…
Aquaterra Energy has designed, fabricated and installed a new Sea Swift platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Co.’s (AMAPETCO) Amal field in the Gulf of Suez, offshore Egypt. Image of the Sea Swift…
Stress Engineering Services (SES) has teamed up with DeepMar Consulting to expand its existing upstream service offerings. The integrated team will work alongside clients to increase assurance of successful projects in regards to health, safety and environment (HSE)…