Statoil will complete the drilling of the Pingvin prospect in exploration well 7319/12-1 in the Norwegian Barents Sea, says partner on the well North Energy. The well identified gas in a sandstone reservoir. The well acquired extensive data through coring…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
The Technical University of Denmark’s (DTU) new Danish Hydrocarbon Research and Technology Centre opened 18 September. DBU platform Image: DTU DTU said that it wants to train…
Houston-based Dune Energy has been acquired by Eos Petro Inc. in a cash deal. Eos will acquire all of the outstanding shares of the Dune for $0.30 per share in cash pursuant to an agreement and plan of merger dated 17 September 2014. It…
Petrobras awarded GE Oil and Gas a subsea equipment supply contract for pre-salt fields worth approximately US$300 million. The contract includes eight manifolds that will be designed with retrievable injection modules to allow water-alternated gas injection for up to four wells…
Malaysia’s UMW Offshore Drilling Sdn. Bhd. and Frontier Oil Corp. signed a US$20 million agreement for Frontier to drill two wells in the Calauit oil field off northwest Palawan in the Philippines. The contract is for a 120-day period with an option to extend for an additional 180 days…
Jee Ltd. was awarded a three-year contract renewal from BP with potential value in excess of US$7.3 million. Trevor Jee, Managing Director of Jee Image: Jee The two…
Maersk Drilling is selling its drilling barge activities in Venezuela to Barrystar Holding, an investment company based in Panama. The activities, registered in the company Maritime Contractors Venezuela (MCVSA), comprise the ownership…
Continental Energy has reached an agreement for the sale of its 51% shareholding stake in Visionaire Energy (VEN) to Norway's Visionaire Invest for consideration of US$1.2 million. VEN is a holding company which owns a 49% equity interest…
Fugro took delivery of the second of the three Fugro offshore coastal survey vessels (FOCSV), being built in Romania at Damen’s Galati shipyard. Fugro Pioneer Image: Damen The Fugro Pioneer is a compact…
Acteon has acquired independent survey services company UTEC Survey. Houston-headquartered UTEC offers services to gather, process and manage data that supports informed decision-making across the entire life of a subsea field. It generated revenues in excess of US$84 million…
McDermott International, Inc. expects its latest vessel, construction support vessel 108 (CSV 108), to join the fleet in 2015. The McDermott CSV108 is expected to join the fleet in 2015, once the final deck equipment has been installed…
PMI Energy Services opened a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities. PMI MC Shorebase, aerial south to north PMI’s…
Singapore-based Pioneer Marine awarded Wärtsilä a contract to supply 22 bulk carriers under construction at Yangzhou Guoyu Shipbuilding Co. in China, with ballast water management systems. 44 Wärtsilä…
Singapore’s Sembcorp Marine announced they invested millions of dollars in the purchase of an American company and in a new facility in Singapore. The SSP Hub is capable of integrated delivery…
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