India’s Reliance Industries has elected to terminate its contract with Transocean for the Discoverer India ultra deepwater drillship at the end of the year. The rig provider announced Reliance’s exercise to its contractual option to terminate the effective December 2016…
Emerson has agreed to acquire UK-based Permasense Ltd., a provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries…
ROVOP, an independent subsea remotely operated vehicle (ROV) service provider, has expanded its fleet of ROVs for the US region by taking delivery of a Seaeye Leopard electric work class ROV. The ROV will be added to ROVOP’s existing capability at its Houston base…
Freeport-McMoRan (FCX) plans to merge its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G) with the parent company, after its proposed US$2 billion asset sale to Anadarko Petroleum failed to gain support from the company's lenders…
Dolphin Drilling and Total E&P UK entered into an early termination agreement that will move the Borgsten Dolphin support vessel to the cold stack list. Dolphin Drilling, a subsidiary of Fred. Olsen Energy (FOE), said the tender for support…
This week, Maersk Oil outlined plans to review the scope and scale of its headquarters organization over the next three months that will see its chief growth officer, Ebbie Haan, leave the company next month. The review is in response…
Japan-based Nippon Yusen Kabushiki Kaisha (NYK), EMAS Chiyoda Subsea Ltd. (ECS), Ezra Holdings, and Chiyoda Corp. completed a deal that sees NYK gain 25% stake in ECS. Through the acquisition of existing shares from Ezra and Chiyoda, NYK now holds a 25% equity interest in ECS…
BP and Egypt’s minister of petroleum signed three amendments for concessions offshore Egypt, that will allow for the economic development of its giant Nooros project. Image from BP. The…
Norway's Statoil has issues an early notice of cancellation to North Atlantic Drilling on the West Epsilon harsh environment jackup. The West Epsilon was originally contracted for drilling services in Norway until the end of December…
Petrofac’s differentiated approach to decommissioning, in support of Tullow Oil’s well plugging and abandonment campaign in the Southern North Sea (SNS), has delivered significant results and saved US$2.5 million compared to traditional approaches…
Norwest Energy entered into a farmout agreement with Transerv Energy and Triangle Energy (Global) Ltd. for the Xanadu-1, within TP/15, a block currently 100% owned by Norwest Energy (Norwest) via subsidiary Westranch Holdings. TP/15 is located in the offshore northern Perth Basin…
Vard Holdings secured a contract worth about US$40 million for the design and construction of two additional module carrier vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design and measuring 123m by 16.5m, are sister…
Petrofac Training Services has been awarded a contract for training and emergency response services with Statoil to support its UKCS operations. In the new five-year training partnership, Petrofac Training Services is appointed as Statoil’s…
Supermajor Shell is moving most of its employees in Houston from its downtown location to the west side of the city. The changes, which are expected to take effect in Q1 2017, will move about 3400 employees from the Central Business District…
Strainstall has been awarded a contract to provide mooring monitoring for the Hywind pilot park – the world’s first floating offshore wind farm. The contract with MacGregor will provide an integrated offshore mooring solution for the floating turbines…
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