Statoil has completed a deal, selling 15% stake of the Edvard Grieg field to Lundin Petroleum, which will now increase the Norwegian giant’s shareholding in Lundin to 20.1%. The transaction also included the divestment of associated pipeline…
PJ Valves (PJV), a manufacturer and supplier of valves, has started a new piping business, PJ Piping (PJP), in response to demand in the market for a simplified pipe, valves and fittings (PVF) supplier process. Located in Houston, TX, the…
Stone Energy has terminated an existing long-term deepwater rig commitment with Ensco for a total consideration of US$20 million. The agreement includes approximately $5 million that was a deposit previously provided to Ensco pursuant to the drilling services contract…
Allseas, the operator of the Solitaire pipelay vessel, recently decided to repair parts of the 550sq m tank top in hold #6 which had corroded. After a detailed assessment was carried out, Allseas opted for Intelligent Engineering’s (IE’s)…
Inspection and measurement technology specialist, Optical Metrology Services (OMS), has completed the measurement phase of pipeline fit-up work for the Ichthys LNG project, which is located 220km offshore Western Australia. The project…
Vard Holdings has terminated a shipbuilding contract for one offshore construction and anchor handling vessel with Rem Offshore in return for compensation. The contract with REM was struck last year in June 2014, and the vessel is already in the early stages of construction…
Singapore-based Sembcorp Marine will acquire 50% interest in Norwegian process design and engineering group KANFA Aragon, from Sevan Marine in a US$2.3 million (NOK 20 million) deal. Image from Kanfa Group…
Intertek has signed a three-year extension for the provision of quality assurance services into the operational phase of Inpex's Ichthys liquefied natural gas (LNG) project, offshore Australia. Intertek will continue to provide local and global inspection…
Trelleborg’s applied technologies operation in Rochdale, England, has signed a framework agreement with i-Tech Services, a Subsea 7 company, to deliver buoyancy products for remotely operated vehicles (ROV). This is the first formal framework agreement for the supply of ROV buoyancy…
Statoil is suspending the use of another vessels this week, this time with Dolphin Drilling’s Bideford Dolphin mobile drilling facility. Dolphin Drilling, a subsidiary of Fred. Olsen Energy, received notice of suspension from Statoil for the rig…
Technip and FMC Technologies announced that the pending US$13 billion merger transaction between the companies has received an early decision from the United States antitrust regulators under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act)…
Gazprom Neft has signed a memorandum of cooperation with IBM at this year’s St Petersburg International Economic Forum covering the use of information technologies in exploration and production (E&P). The agreement outlines the key areas of technical collaboration…
Offshore marine services provider PACC Offshore Services Holdings (POSH) was awarded a contract by Technip Oceania through its subsidiary POSH Semco, to support Shell’s Prelude floating liquefied natural gas (FLNG) facility using its semisubmersible accommodation vessel (SSAV) the POSH Arcadia…
SeaBird Exploration signed an agreement to supply one 2D vessel for an upcoming survey in North West Europe during this coming summer season. The project is due to commence early Q3 2016 and will run for approximately 2 months.
Subsea 7 and Petrobras entered into an agreement to substitute a pipelay support vessel (PLSV) working on a day-rate contract for the Brazilian giant, offshore Brazil. The deal will substitute the PLSV Seven Mar for the chartered PLSV Normand Seven in the existing Normand Seven contract…
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