Seabed Geosolutions is due to mobilize for a variation order signed by Abu Dhabi National Oil Co. (ADNOC) with CGG to conduct a shallow water seabed survey offshore Abu Dhabi. The survey is over the Ghasha-Butini field, will take around 12 months and has a value of around US$125 million…
Brazilian prosecutors presented formal charges against Marcelo Odebrecht, CEO of Brazil's largest construction firm Odebrecht SA; Otavio Marques Azevedo, CEO of Andrade Gutierrez; and 20 others on Friday 24 July with charges of corruption…
Representatives of Italian explorer Eni and the Egyptian government gathered in Rome to sign updated Head of Agreement terms, following a new offshore discovery made in the Nile Delta earlier this week. The update says the two will jointly…
Tendeka, a provider of completions systems and services to the upstream oil and gas industry, has signed a two-year agreement with Eternal Asia Supply Chain Management for the exclusive supply of its FloSure autonomous inflow control devices (AICDs) in China…
Australia and UK-based Global Petroleum says it is seeing progress on its bid to gain blocks in the Adriatic Sea, but that the company is making cost reductions reflecting the low oil price and its lack of progress making an acquisition to grow its portfolio…
The imminent return of Iran to global oil could reshape global oil markets, but foreign investments will only return to the country in the 2020s, according to a new report by business consultancy Deloitte. The firm says the historic agreement…
Image: Quantum Work Class ROV/SMD SMD announced the delivery of three Quantum Work Class remotely operated vehicle (WROV) systems to China’s largest offshore engineering construction company…
Global Marine Systems has secured a contract that will see it provide personnel and equipment that will support the delivery of a submarine fiber optic link between platforms on behalf of client, Subsea 7, a provider of subsea engineering and construction…
Houston-based Oceaneering International’s 2Q 2015 results has its revenue down nearly 13% year-over-year, and left the company with the decision to end its blowout preventer (BOP) control systems business. Image from Oceaneering…
One of the largest oil and gas topsides built this year set sail on July 23 from Burntisland Fabrication’s (BiFab) Methil yard. Cygnus manifold. Image from Engie. The 4600-tonne Cygnus accommodation module…
Statoil began drilling of the first production well at the Gina Krog field on 20 July, just eight days after the drilling rig arrived at the North Sea field. The Maersk Integrator rig will drill wells until sometime in 2019. The Maersk Integrator…
Shell’s arrival in the Chukchi Sea came with limitations from the Bureau of Safety and Environmental Enforcement (BSEE) that allows the supermajor to begin drilling, but not into oil-bearing zones just yet. The Noble Discoverer…
The UK will remain the leading offshore wind power market globally by 2025, with its installed capacity increasing from 4.5GW in 2014 to 23.2GW by the end of the forecast period, representing an impressive compound annual growth rate (CAGR) of 30…
Norway's Statoil has made a 15-75 MMboe gas and condensate discovery near the 70-200 MMboe King Lear discovery located just 17km from the Ekofisk facilities. The Julius discovery well 2/4-23S, drilled using the Maersk Gallant jackup in 68m water depth…
Image: Joanne Keilloh/ Seatronics Seatronics appointed Joanne Keilloh as its new group QHSE coordinator based in Aberdeen. Keilloh will lead the QHSE function within the Seatronics Group and Acteon sister company…