Odfjell Drilling has signed a conditional letter of award with an oil major for a one well contract to be drilled by the sixth generation semisubmersible, Deepsea Stavanger, offshore South Africa. The contract commencement is back to…
Royal Boskalis Westminster has sold all of its remaining stake in Fugro. Boskalis went from owning 28.6% stake in Fugro at the end of 2015, to 9.38% in December 2016. The reduction was accomplished through a successful accelerated bookbuild via which 7…
Interventek Subsea Engineering has signed a two-year exclusive deal with Louisiana-based Professional Rental Tools (PRT) to supply its in-riser Revolution valve for well intervention operations in the Gulf of Mexico. Interventek will supply its 6…
Farstad Shipping has been awarded six global charter and extension contracts with several companies. The anchor handling tug supply vessel Far Sigma has been awarded a one well contract by Lundin Norway to support their drilling program…
Sparrows Group has secured a five-year contract to deliver hydraulic, lifting and rigging services for Maersk Oil’s UK floating assets. The agreement will see Sparrows support the operator in strengthening its lifting operations for the…
Ocean Rig has reached a US$25 million settlement agreement with Premier Oil and Noble Energy over disputed invoices for the Eirik Raude semisubmersible. Image of the Eirik Raude, from Ocean Rig…
SeaBird Exploration has signed an agreement to provide a 2D seismic vessel for an upcoming survey in the Caribbean. The project is anticipated to commence in the second half of March and will have a duration of approximately one month. SeaBird will be using the Harrier Explorer for the project…
Newfield Exploration Co. signed a sales agreement with some of its joint venture partners to divest its non-operated 12% stake in the Bohai Bay field in China for approximately US$39 million. The deal is subject to customary regulatory approval…
The SPE/IADC Drilling Conference and Exhibition returns next month on 14-16 March 2017 at the Hague, bringing together drilling professionals from around the world. According to SPE, this year’s technical program features high caliber…
Inpex held double naming ceremonies at two South Korean yards for the FPSO and CPF related to the Ichthys LNG project, following the end of construction of both facilities. At Daewoo Shipbuilding and Marine Engineering (DSME) shipyard…
Ocean Yield has signed a four-month contract for the Lewek Connector, just days after announcing a terminated contract for the vessel from EMAS Chiyoda Subsea. The short-term deal is with a “related company to Ezra Holding” for a rate of US$40…
Germany’s Wintershall will use AGR’s well data management and analysis software tool iQˣ for its Maria field on the Norwegian Continental Shelf (NCS). iQˣ is designed to optimize well performance and drilling management by providing a data and knowledge management platform…
Sky-Futures has been awarded a three-year contract to inspect Eni facilities globally. This global contract is the first of its kind between a drone-based technology business and an international oil and gas company and represents a significant shift in the oil and gas market…
Wärtsilä and PGS Geophysical have signed a service agreement that makes Wärtsilä the preferred service supplier for engines and other Wärtsilä equipment. According to the agreement, Wärtsilä will take care of the maintenance of engines and…
Norway’s Spectrum has dropped out of the race to acquire MultiClient Geophysical, after Geoex offered a bigger price tag for the company in a back and forth battle. Following Geoex’s announcement on 2 February of an increased offer price of NOK 1…
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