Noble Corporation has announced plans to spin off its standard specification drilling units into a new separate company. The new company will own and operate standard specification drilling units from the Noble fleet, with the new company focusing on high-specification assets…
Technip has been awarded a contract by Statoil for the fabrication and supply of flexible risers for several fields on the Norwegian Continental Shelf. The contract includes options for further risers and flowlines. The flexible pipes…
Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets. Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…
Douglas Westwood has said, according to its annual reports on deepwater production, Asia Pacific is emerging as a high-growth opportunity – albeit from a small base – as depleting shallow water fields drive the industry into deeper waters…
Heerema Marine Contractor’s new Deepwater Construction Vessel (DCV) Aegir was christened in the Rotterdam Calandkanaal (NL). This state-of-the-art vessel is capable of executing complex infrastructure and pipeline projects in ultra deep water…
Austalia's Woodside has been given the official go-ahead to start exploration acitivies in Ireland's offshore Porcupine basin. Its joint venture partner Petrel Resources said Ireland's minister of state at the Department of Communications…
Nexans has been awarded an €8 million contract by Statoil to supply the static umbilicals for the Gullfaks Rimfaksdalen gas project in the Norwegian North Sea. It will be the fourth Statoil project in quick succession to feature the new…
Subsea 7 has been awarded a contract worth more than US$70 million by Stone Energy for the development of the Cardona field in the US Gulf of Mexico. The scope includes engineering, procurement, installation and commissioning of flowlines…
Russian oil firm Lukoil Overseas has started drilling in deep water off the coast of Sierra Leone. The company is drilling the Savannah prospect on Block SL-5-11, using the semisubmersible Eirik Raude drilling rig, in more than 2000m water depth…
BG Group has selected oil and gas service firm ASCO to provide supply base services for its operations in Tanzania, east Africa, under a three year contract worth about US$100 million. The contract will see ASCO work for a number of operators…
OneSubsea has been awarded a £65 million contract to manufacture subsea trees for BP’s west of Shetland Quad 204 project. The Quad 204 project is a re-development of the Schiehallion and Loyal fields, involving a new floating production…
Marathon Oil is to sell its 10% interest in deepwater Block 32 offshore Angola to Sonangol for about US$590 million. The firm also announced plans to repurchase US$1 billion of its common stock and buy about 4800 acres in the core of its south Texas Eagle Ford position…
BP has announced a deepwater gas discovery in the East Nile Delta offshore Egypt. Wireline logs, fluid samples and pressure data confirmed the presence of gas and condensate in 38m net of Oligocene sands. The company says the well…
Ensco plc has taken delivery of ENSCO DS-7, an advanced-capability, ultra-deepwater drillship. The vessel will embark from the Samsung Heavy Industries shipyard in South Korea to Angola, where it is contracted to Total for three years beginning…
McDermott International’s director of global subsea engineering, Mark Dixon, made the case for pipe-in-pipe technology during yesterday morning’s presentation Emerging Technologies in the Subsea Sector. While pipe-in-pipe is not a new technology…