Det norske oljeselskap has received consent from the Norwegian Petroleum Safety Authority to use the Transocean Winner mobile drilling facility for production drilling and completion on the Volund field. Transocean Winner is a semi-submersible facility of the GVA 4000 type…
Protea has completed the manufacture of a comprehensive crane package for an FSO (floating, storage, and offloading) that will be chartered by Total for operation at the Martin Linge offshore development. Comprising of two deck cranes…
PACC Offshore Services Holdings (POSH), an Asia-based offshore marine services provider, has announced that it has entered into a joint venture (JV) and incorporated “POSH Saudi Co.” with Saudi Arabia’s Hmood Al-Khalaf Group as part of its plans to expand its presence in the Middle East…
Hardide Coatings, a UK-based provider of advanced surface coating technology, has announced the opening of its new Virginia production facility. In January 2015 the company commenced an investment of up to US$7 million in Martinsville to expand its production operations to North America…
Trendsetter Engineering has announced the acquisition of Wiltor Machine, a 6000sq ft precision machine shop in north Houston specializing in complete turnkey, proto‐type, and production machining for the oil and gas industry. This machine shop has experience machining stainless steel…
Datum360 has been awarded – and has already delivered – a contract to deploy its Software as a Service (SaaS) solution that will standardize engineering information for the largest oilfield project in the Azerbaijan sector of the Caspian basin…
In contrast to 2015, upstream oil and gas deal activity is set to ramp up this year regardless of what happens to the oil price, according to Wood Mackenzie's M&A outlook for 2016. Should oil prices stay low, companies will be forced to sell assets and merge businesses: to free up capital…
Cathelco has won orders to supply hull corrosion protection systems for three FPSOs. Two of the systems are being supplied to MODEC, while the third will be installed by Sembcorp Marine’s Jurong yard in Singapore. The FPSO Cidade de Campos…
The Norwegian Petroleum Safety Authority granted Statoil consent to drill exploration well 30/11-11 using the Songa Delta. Beginning mid-January 2016, Statoil has allocated 36 days for the activity. The well is around 28km south of the Oseberg field…
2015 was a tough year. Spending and headcounts have been slashed across the industry and the specter of bankruptcy is an all too common concern. Recent trends in commodity prices have not helped. Late December saw Moody’s downgrade its…
ITC Global, a provider of satellite communications to remote and harsh environments, has announced that it has been awarded two multi-million dollar contracts, each spanning three years, to provide remote offshore communications to five floating production…
Petroceltic has opted to exit stakes in Greece and Egypt, following an announcement by the company's board that it has initiated a formal strategtic review of its business and assets due to breaching debt repayment obligations. In the 23 December announcement…
Petrobras concluded two formation tests in the 3-SPS-105 (Carcará Norte) well, confirming the high productivity of the pre-salt carbonate reservoirs. The well is in the area of the Carcará Discovery Evaluation Plan (PAD), 4.6km north of the discovery well (4-SPS-86B)…
Shell has terminated the contract for the Polar Pioneer, a harsh environment semisubmersible drilling rig, announced rig owner Transocean on 28 December. The rig was famously used this summer in Shell's Arctic campaign in the Chukchi Sea…
Det norske oljeselskap has completed its agreement to acquire Premier Oil Norway. The merger, previously announced on 16 November, comprises all Premier Oil plc’s Norwegian assets for a net consideration of US$120 million on a cash free, debt basis…
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