AVEVA opened a new office in Saudi Arabia to strengthen its presence in the Middle East and further enhance its growing global network. The office will offer sales and support for all of AVEVA’s solutions and services, with particular focus on owner operators (OOs) and engineering…
Italy's Edison is to acquire Apache Beryl I's assets in license P185 Block 15/22 in the UK Central North Sea, including non-operated stakes in the Scott (10.5%) and Telford (15.7%) fields. This deal, which is subject to customary closing conditions…
Italy-focused exploration firm Sound Oil has withdrawn its Intended Offer for North Sea exploration minnow Antrim Energy due to the deterioration in oil prices and reduction in global appetite for deep water exploration, the company said this morning (13 January 2015)…
Woodside Energy and Adani Enterprises signed a memorandum of understanding (MOU) to identify, investigate and develop potential business arrangements and commercial initiatives in India’s LNG market. “India is an important emerging LNG…
The waiting is over - the shortlist for the 2015 Offshore Achievement Awards has been announced today (12 January 2015). Supported by OE, the annual awards are organized and hosted by the Society of Petroleum Engineers (SPE) Aberdeen…
Magma Global and Maritime Developments (MDL) entered into a partnership to develop a well intervention solution for the offshore oil and gas market. Image from MDL. This partnership…
Eni Angola S.p.A and subsidiaries of Ocean Rig UDW entered into an agreement to extend the contract for the drillship Ocean Rig Poseidon by one year until 2Q 2017. According to the agreement, Ocean Rig agreed to adjust the existing day…
Keppel Singmarine Pte Ltd. secured two contracts worth a total of approximately US$48.7 million. The first contract was awarded by Dubai-based Seaways International Pte Ltd. to build a multi-task anchor handling tug (AHT) vessel suitable for an array of offshore activities…
Helix Energy Solutions Group, OneSubsea, and Schlumberger executed definitive agreements for the companies’ non-incorporated alliance, formed to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems…
While positive measures have been taken to attract investment in the UK’s exploration and production (E&P) sector, low oil prices and the country’s high tax burden mean that more significant changes are required to make new developments commercially viable…
McDermott International obtained a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for Pemex Exploracion y Produccion in the Bay of Campeche Ayatsil field. Ayatsil…
Shanghai Zhenhua Heavy Industry Co. (ZPMC) awarded MacGregor a contract for four offshore cranes, including a 400-tonne SWL active heave-compensated crane capable of deploying 3000m of wire rope. All four cranes will be fitted to a new…
Australian explorer Cooper Energy said while it still intends to divest its Tunisian portfolio, the exit may take longer than expected. Cooper Energy originally announced plans to divest its Tunisian assets in June 2013 in order to focus on its Australian assets…
African Petroleum signed a non-binding term sheet agreement with a private London-based independent oil and gas company to farm-in to African Petroleum’s 100% owned Liberian LB-08 license. LB-08 is situated in a highly prospective region offshore Liberia…
BG Group is selling two modern tri-fuel diesel electric (TFDE) LNG carriers to GasLog for US$460 million, a deal that will help the company pay down its debt. Methane Becki Anne. From BG Group. The…
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