Gulf Marine Services (GMS) has completed a new contract for a large class vessel to support maintenance work in European waters, which is scheduled to start in Q2 2017. The contract is for 18 months, and comes with options. Duncan Anderson…
Repsol E&P sent an early termination notice to Rowan Companies last week, ending its contract for the Rowan Renaissance drillship effective immediately. “The company expects to continue to be paid by Repsol on a monthly basis through the original termination date of 22 April 2017…
In this video, Statoil shows its Mariner B floating storage unit (FSU) for the Mariner field on the UK Continental Shelf (UKCS). The Mariner field is on the East Shetland Platform of the UK North Sea, approximately 150km east of Shetland…
Technip’s latest newbuild, the diving support vessel (DSV) Deep Explorer, has been officially named in Norway. The traditional naming ceremony was held at VARD’s Langsten shipyard. Deep Explorer is a DP3 class DSV, purpose-designed and…
MacGregor introduced the 3D Motion Compensator (3DMC), a flexible retrofit device, which is designed to enhance the load-handling precision of an offshore crane even in challenging sea states. 'MacGregor's standard active heave-compensation (AHC)…
IKM Cleandrill has been awarded a three-year frame agreement with AkerBP for riserless closed loop mud recovery services. The initial operations under this contract will be production well drilling on the Alvheim development from the Transocean Arctic semisubmersible rig…
French seismic firm CGG has awarded Eidesvik two contracts for the seismic vessels Vantage and Veritas Viking. The contracts, scheduled to start in January 2017, are 180 days firm each, with further options available. The Vantage…
Petrobras completed the first well in the Santos Basin’s Libra pre-salt field last week, with the anticipation of starting production next year, connected to the Pioneiro de Libra floating production and storage offloading (FPSO) unit. The West Carina…
Partners on the Chinguetti oil field offshore Mauritania are considering options for its decommissioning. Production on the field, which is produced via the Berge Helene floating, production storage and offloading vessel (FPSO), is expected to end next year…
Italy's Fincantieri has offered to buy out all the shares in shipbuilder Vard. Shipbuilding group Fincantieri, which is listed in Italy and is currently the majority shareholder in Vard, with 55.63% of shares, is offering S$0.24 a share in cash for Vard…
Subsea 7’s revenue fell more than US$1 billion in the first nine months of the year, however, the company remains positive that there will be a surge in subsea, umbilical, riser, and flowline (SURF) projects within the next 18 months. Image…
China Oilfield Services' 12-streamer HYSY 720 seismic vessel has completed the operations of two 3D seismic data acquisition in the Arctic Barents Sea recently. The campaign covered three blocks and follows a previous campaign covering 1820…
Aker BP has started production from the Viper-Kobra development, a subsea tieback to the Alvheim floating production, storage and offloading (FPSO) vessel in the Norwegian North Sea. Viper-Kobra consists of two separate discoveries, containing 9 MMboe jointly…
Tullow Oil is moving to get its Jubilee project offshore Ghana on track by year-end, as it firms up plans to divest all of its Norwegian assets by 1H 2017. Image from Tullow. “We…
Repsol Sinopec Resources UK Ltd. (formerly Talisman Sinopec Energy UK) has exercised options to extend the charter of the Safe Boreas accomodation vessel by 44 days. In mid-March 2016, the Safe Boreas started a 245-day firm operational period at Montrose A in the UK sector of the North Sea…