The Canada - Nova Scotia Offshore Petroleum Board (CNSOPB) has not received any successful bids for its Call for Bids NS16-1 issued on 2 May 2016. The parcels are no longer up for bid and remain as Crown land. The next Call for Bids (NS17-1) will be issued in spring 2017…
As the industry heads into the third year of the downturn, market fundamentals for the deepwater segment continue to fight strong headwinds, Rystad Energy says. But, is 2018 the light at the end of the tunnel for the floating rig market? Utilization…
Farstad Shipping and a company in the Siem Industries group have entered into a non-binding letter of intent for the financial restructuring of Farstad Shipping, with Siem or a fund managed by Siem as a key equity investor. In accordance with the letter of intent…
Statoil awarded Coast Center Base (CCB) a contract for the reception and preparation of the two new category J rigs for Statoil: Boots and the Cinderella. The rigs are being built at the Samsung Heavy Industries shipyard in South Korea and are expected to the delivered in Q2 2017…
DNV GL awarded the first functional safety capability assessment (FSCA) certificate to Rockwell Automation, for their Functional Safety Management (FSM) system, and the first Functional Safety Product (FSP) certificate for the safety related…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) advises that exploration licenses (ELs) 1127 and 1128, located off Newfoundland’s west coast held 100% by Black Spruce Exploration, have been cancelled due to non-compliance…
North Atlantic Drilling (NADL) was awarded a 90-day contract from Total E&P UK Ltd. for the West Phoenix semisubmersible to work in the United Kingdom, West of Shetland. The total backlog for the contract is estimated at US$17 million…
Emerson Automation Solutions and IPRES (Integrated Petroleum Resource and Economic Service), a Norwegian provider of advanced software tools and services to the upstream oil and gas industry, have agreed to collaborate. Under the terms of the agreement…
InterMoor has added inspection and testing capabilities to its marine base at the Açu Superport in São João da Barra, northern Rio de Janeiro. The base now has a 1000-ton test bed and can perform load and breaking test for chain, wire rope…
Optime Subsea Services has signed a contract with an undisclosed US-based customer to supply a new hyperbaric testing system that simulates hydrostatic pressures found at water depths up to 14,000m. The 20,000psi hyperbaric pressure vessel…
McDermott International opened a new office in Al Khobar, Saudi Arabia, with the ability to add 300 staff to its existing workforce in the Kingdom. Image from McDermott. The new…
Independent Oil and Gas (IOG) has received initial results from new interpretations of 3D seismic data covering the Blythe Hub licenses in their Southern North Sea (SNS) portfolio and also provides a further update on the Cronx acquisition…
Novenco has signed a contract with Singaporean contractor SMOP for delivery of HVAC equipment of air handling units (AHUs), fans and cooling equipment for the construction of the three platforms in the Culzean gas field in the UK sector of the North Sea…
SeaBird Exploration has reached an agreement for the sale and decommissioning of the vessel Hawk Explorer. The decommissioning of the vessel is a part of the company's efforts to reduce cost and adjust fleet capacity to better reflect current market demand…
Mubadala Petroleum has reached agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (FPSO), which continued extension of the Jasmine development’s field life…
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