Sevan Marine has sold its remaining 51% stake in Kanfa to Technip Norge for nearly US$240,000 (NOK $2 million). In February, Sevan received a formal notification of Technip Norge’s intention to exercise their option to buy Sevan Marine’s remaining shares in Kanfa…
Ocean Yield has agreed to acquire two platform supply vessels (PSVs) from BP Shipping for a total consideration of US$105.4 million. Both vessels are on long-term charters to Aker BP.NS Orla. Image from Golden Energy Offshore.The two vessels…
Faroe Petroleum has announced positive results from its Brasse appraisal well in the Norwegian North Sea, confirming Brasse as a commercial discovery. The firm says it now plans to perform a drill stem test (DST) and potentially side track the well…
Improvements in oil and gas contractor confidence both on the UK Continental Shelf (UKCS) and internationally suggests some businesses are seeing signs of recovery and are focused on the future, according to an industry report released today…
Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing the two companies to complete their proposed transaction under US law. Image from Baker Hughes…
ABS unveiled its Global Ship Systems Center and announced the formation of its Hellenic Technical Committee in Athens. Image of the Global Ship Systems Center, from ABS. “This…
TAQA Bratani has awarded Odfjell Drilling a contract for platform drilling and maintenance services on five of its platforms in the UK North Sea. The contract period is two years, with additional yearly options. The contract is planned to start Q3 2017…
Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets. Wood Group will deliver a topside concept study evaluating the tie in of Total’s Garantiana field development to Statoil’s Gullfaks B and Visund facilities…
Shearwater GeoServices Norway received a letter of award (LOA) from Wintershall Norge for a 3D survey of Blocks PL 768/768B in the Barents Sea. The Polar Empress, from GC Rieber. The…
Sercel’s multi-sensor solid streamer, the Sentinel MS, has been commercially deployed for the first time and is being operated on a large 3D CGG multi-client survey being conducted by the CGG Geo Coral in the Southern Porcupine Basin in Ireland…
Image of the Skandi Singapore, from DOF. DOF Subsea has been awarded contracts for three vessels that will operate in the Asia Pacific and Atlantic regions. In the Asia Pacific…
Xcite Energy Ltd.’s (XEL) assets could have a new owner by month’s end, according to the firm handling XEL’s liquidation. In a 7 June letter, FTI Consulting said talks with one potential buyer to dispose of shares that XEL holds in Xcite Energy Resources are now in an advanced stage…
Private investment firm Elliott Management will provide US$500 million in funding to newly established Edge Petroleum AS’s management team. Norway-based Edge will focus on building a portfolio of oil and gas fields in the development phase…
In Statoil’s 2017 Energy Perspectives report, the Norwegian giant says that immediate action is needed to transform the global energy system. Image from Statoil. Statoil is expecting substantial changes in the global energy mix…
AkerBP has started plugging operations at the Valhall field, in what the company is calling a pioneer project that involves fully powering the Maersk Invincible drilling rig from shore. Image of…
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