Advisory firm Glass Lewis has recommended that Ensco plc shareholders vote “FOR” the US$839 million proposed all-stock transaction with Atwood Oceanics at the company’s upcoming general meeting of shareholders on 5 October 2017. “…we…
Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor’s decision to scrap five ultra deepwater floaters, and one deepwater rig. The Sedco Express ultra deepwater floater will be scrapped…
Providence Resources will proceed with drilling plans for its Barryroe appraisal project offshore Ireland, despite failing to consummate a farm-in agreement with Total. Providence's Ireland acreage in SEL 1/11…
LQT Industries has completed the construction and outfitting of two single lift accommodations projects for two oil and gas companies. The first project completed is a three-story new build single lift accommodations facility for a company in South America…
Plexus Holdings has been awarded a contract with new customer Rosneft’s Vietnam subsidiary to supply its POS-GRIP high pressure high temperature (HPHT) adjustable rental exploration wellhead equipment for an exploration well offshore Vietnam…
Hyperdynamics will seek a two-year appraisal period to test the Fatala prospect area for commercial resources, but will go solo after partner South Atlantic Petroleum (Sapetro) decided to withdraw from the joint operating agreement (JOA)…
Independent oil firm i3 Energy says detailed engineering studies into a tieback for its Liberator field have started. The firm is looking to tie the field into the Blake field host infrastructure, then through the Bleo Holm floating production storage and offloading (FPSO) vessel…
ROV services firm M² Subsea has unveiled its recently commissioned purpose-built test tank at the company’s base in Westhill, Aberdeenshire, UK. The indoor fresh water tank, which can hold 73,600 liters of water, has been created for testing ROVs and ancillary equipment…
Alpha Petroleum Resources has inked a contract with Awilco Drilling for drilling 18 development wells on its Cheviot field development in UK North Sea. The drilling, using the WilPhoenix semisubmersible drilling rig, will take about 1080 days and is due to start in Q2 2018…
Aker Solutions has won a contract from Statoil for front-end engineering and design of a new module to increase output at Troll, one of Norway's largest natural gas fields. The order includes an option for engineering, procurement, construction and installation of the module…
Chevron has opted to terminate the drilling contract for Transocean's ultra-deepwater drillship (UDW) Discoverer Clear Leader, effective November 2017, prior to its expiration in October 2018. The Discoverer Clear Leader drillship was operating in Walker Ridge 758…
Uruguay's Ministry of Industry, Energy and Mining (MIEM) and national oil firm ANCAP have launched the Uruguay Round 3, an offshore licensing round. Image from iStock. Seventeen…
Power has been restored to BP’s Thunder Horse production platform in the US Gulf of Mexico. Thunder Horse. Image from BP. The company has started redeploying offshore personnel to Thunder Horse…
EagleBurgmann Germany GmbH has developed a mechanical seal for high pressure high temperature (HPHT) applications. The seal has been specifically optimized for subsea pumps designed for an absolute pressure of up to 1000 bar and ambient temperatures of up to 180 °C…
Norway’s Petroleum Safety Authority (PSA) has approved Wintershall to drill a wildcat in a prospect named Balderbrå in the Norwegian Sea. West Phoenix. Image from PSA. The well is in PL 894 at 1220m water depth…
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