Wintershall, a 100%-BASF subsidiary, plans to optimize its portfolio by selling to Tellus Petroleum its interest in assets in four non-operated fields in a US$602 million deal. The fields include Knarr (where Wintershall owns a 20% interest)…
Cutting tools specialist Allspeeds has invested over US$316,000 (£200,000) in new product development facilities at the company’s headquarters in Accrington, Lancashire to increase the competitiveness and applications for the company’s Webtool cutting tools in the subsea…
ITC Global completed installation and commissioning of communications systems for 35 rigs in the Shelf Drilling, Ltd.’s fleet. Shelf Drilling is the world’s second largest contractor of independent-leg cantilever jackup rigs. Headquartered in Dubai…
Zamakona Yards’ Repnaval shipyard has increased its capacity by operating an additional slipway. Repnaval Shipyard. From Repnaval. Repnaval is located in Las Palmas de Gran Canaria…
Peterson and UK-based Veolia announced a US$1.5 million investment in the development of a new, purpose built decommissioning facility in Great Yarmouth. The new site in Great Yarmouth port, operated with joint venture partner Veolia…
MEO Australia Malaysian-based Brooke Dockyard & Engineering Work Corp. signed an agreement to form a consortium to cooperate to identify and jointly bid on oil and gas exploration and development opportunities within Sarawak and the whole of Malaysia…
Seadrill Ltd. is selling the West Polaris ultra deepwater drillship to Seadrill Operating in a US$204 million cash deal. The West Polaris. From Seadrill. Seadrill Partners LLC owns 58% of its subsidiary Seadrill Operating…
BG Group awarded DeepOcean a five-year inspection, maintenance, and repair (IMR) contract. The contract covers all ROV-based IMR work for BG Group on its UK and Norwegian subsea assets. DeepOcean will use vessels from its North Sea-based fleet for work under this contract…
MacGregor, part of Cargotec, signed a contract with Daewoo Shipbuilding & Marine Engineering Co. in South Korea to supply a range of Hatlapa deck machinery for 10 172,600cu m liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery…
ExxonMobil awarded Ocean Installer its first call-off contract for subsea well tie-back, engineering, IRM (inspection, maintenance and repair), ROV and associated services at the Balder field. The Normand Mermaid…
J2 Subsea opened a new subsea tooling facility at sister Acteon company, Seatronics’, subsea electronics location in Houston. The new facility marks the next stage in J2 Subsea’s global expansion plan. North American customers can…
Energean Oil & Gas announced that it is to conduct a new 3D seismic survey over the Prinos oil field and its surrounding licenses, in the Gulf of Kavala, northeastern Greece. The 3D survey will cover an area of 400sq km and will last approximately three weeks…
Following its acquisition of Abu Dhabi-based Totus Energy, in October 2012, Dron & Dickson has announced strategic plans to continue growth in the Middle East. Previously Totus Energy, the Middle East operation will now trade under the Dron & Dickson name…
Leading classification society ClassNK released amendments to its “Rules and Guidance for the Survey and Construction of Steel Ships” on 8 May 2015. ClassNK continuously reviews, updates, and amends its technical rules and guidance as…
Newpark Drilling Fluids is extending its offshore reach with enhanced, customized fluids technology, expanded facilities infrastructure and a team of professionals dedicated exclusively to deepwater products and services. Newpark Drilling Fluids is expanding its Port Fourchon facility…