Offshore Deepwater News - page 115


Strong pipeline growth predicted

Feb 26, 2014

The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel. The study points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations…

Ophir starts Gabon drilling

Feb 18, 2014

UK-based explorer Ophir Energy has started drilling operations on the Padouck Deep-1 well on the Ntsina Block, offshore Gabon, using the Vantage Titanium Explorer drillship. Padouck Deep-1 is the first well targeting the pre-salt play offshore in the North Gabon basin…

FMC wins Eni subsea deal

Feb 13, 2014

FMC Technologies received an order from Eni Muara Bakau BV to supply subsea systems for its deepwater Jangkrik Complex development offshore Indonesia. The order has an estimated value of US $720 million in revenue if the full scope of the award is called off…

Oilfield spending conundrum

Feb 12, 2014

The past few weeks have seen a string of profit warnings and capital spending cutbacks from global oil and gas exploration majors. Should oilfield service companies be worried that the good times are coming to an end?  According to bank and investment company Investec…

Equus delayed but not dead

Feb 10, 2014

US explorer Hess remains 'confident' that its billion dollar Australian gas project will proceed. The Equus project, Hess Corp.’s planned contribution to Australia’s push for world leadership in liquefied natural gas (LNG) exports, has…

Ensco in jackup sale

Feb 04, 2014

Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…

Deepwater spend increasing worldwide

Feb 04, 2014

Douglas-Westwood has released its 12th World Deepwater Market Forecast (2014-2018), suggesting that deepwater spend will surge from 2016 onwards. Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period…

MSI ends deepwater program off Namibia

Feb 04, 2014

Metocean Services International (MSI) recently completed a deepwater current measurement program offshore Namibia for Repsol Exploration  with 100% data return. Repsol as operator of a partnership including Tower Resources Plc and Arcadia…

Giant Olympus starts-up

Feb 04, 2014

Shell announced it has begun production from the Mars B development through Olympus, its seventh, and largest, floating deepwater platform in the Gulf of Mexico.   It is the first deepwater project in the region to expand an existing oil and gas field with significant new infrastructure…

Total offloads Angola block

Feb 04, 2014

Total is to sell its 15% interest in the offshore Angola Block 15/06 to Sonangol E&P for about $US750 million. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus…

Rowan adds IFS software to UDW drillship

Jan 24, 2014

Rowan Companies plc, a global offshore contract driller, is now live with IFS Applications on the first of its ultra-deepwater drillships, Rowan Renaissance.  Rowan’s deployment includes requisitioning, inventory, and EAM functionality…

First dual-fuel OSV launched in GoM

Jan 23, 2014

Gulf Coast Shipyard Group, a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets, announced today the launch of the first of six Harvey Gulf International Marine 302’ x 64’ dual-fuel Offshore Supply Vessels…

Noble Corp. reports 2013 results

Jan 22, 2014

Noble Corp. today reported Q4 2013 net income of US$174 million, and for Q3 2013, the company reported net income of $282 million. Net income for the full year 2013 totaled $783 million, on revenues of $4.2 billion, compared to net income of $522 million on revenues of $3…

Black Sea drilling in 2015/16

Jan 21, 2014

OMV and its partners have announced the completion of the largest 3D seismic survey in the Black Sea. The survey, covering 7740sq km, in the 1-21 Han-Asparuh block,offshore Bulgaria, is also OMV's largest survey. Interpretation of…

Petrofac designs multipurpose vessel

Jan 20, 2014

London-listed oil and gas industry service provider Petrofac has placed the first long-lead orders for its new in-house-designed deepwater derrick lay vessel, to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China…

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