Supermajor BP has dropped its deep water drilling plans in the Great Australian Bight, offshore South Australia. The project will not be able to compete for capital investment with other upstream opportunities in its global portfolio in the foreseeable future…
Sevan Marine CEO Carl Lieungh will step down from the company, effective 1 January 2017. The company's board of directors has appointed current CFO, Reese McNeel, as the new CEO. He will carry out both functions in parallel, the firm said in a statement today (10 October)…
Airborne Oil & Gas (AOG) raised US$26 million (€23 million) in a series C investment round from both new and existing shareholders. (SAEV) joins the shareholder base with an investment of $11 million (€10 million). SAEV is the corporate venturing arm of Saudi Arabian Oil Co…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
Bilfinger has won orders valued at some US$301 million (€270 million) from several operators. Key framework agreements have been extended with oil and gas group Statoil, the largest operator of production facilities on the Norwegian Continental Shelf…
The Bureau of Ocean Energy Management (BOEM) and Mexico’s Agency for Safety, Energy and Environment (ASEA) signed a letter of intent today to strengthen cooperation, coordination and information sharing on environmental matters related to offshore hydrocarbon activities in the Gulf of Mexico…
Supermajor Shell gives another look at how the company is using 3D printing technology. Shell teams can produce scale prototypes of equipment destined for use in projects in a fraction of the usual time – from a huge buoy destined for the Gulf of Mexico…
Norway's Petroleum Safety Authority (PSA) has given Statoil consent to drill four survey wells in order to obtain information about the reservoir conditions in the field. Drilling, in 110-120m, using the Deepsea Atlantic semisubmersible drilling rig…
The UK's Civil Aviation Authority (CAA) has said it is to keep in place a ban on use of Super Puma helicopters despite a European move to allow the unit back into service. The ban on the Airbus Helicopters' Super Puma EC225LP and AS332L2 aircraft followed a crash at Turøy…
Sea Trucks was awarded a contract by an international oil major to West African Ventures, Sea Trucks’ principle Nigerian business, for the provision of an accommodation vessel to a deepwater field, offshore Nigeria. The scope of work covers accommodation support services for 250 passengers…
Frank’s International entered into a definitive US$321 million merger agreement to acquire Blackhawk Group Holdings, Inc., the ultimate parent company of Blackhawk Specialty Tools, a provider of well construction and well intervention services and products…
The Transocean Winner has been loaded onto the Hawk semisubmersible heavy lift ship, and is preparing for its journey to Turkey, according to the UK’s Maritime & Coastguard Agency (MCA). The Transocean Winner…
Canada's Suncor Energy has closed a deal to acquire a 30% stake in the UK North Sea Rosebank project from Austria's OMV. Suncor has made an initial payment of US$50 million. In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to participate…
ABB and Aibel have agreed a strategic partnership to deliver state-of-the-art offshore wind integration solutions. ABB will focus on its high voltage direct current (HVDC) technology, while Aibel will take turnkey engineering, procurement and construction (EPC) responsibility for the design…
Norway's Aibel has agreed to take on the role of partner EPC contractor for small pools focused firm Marginal Field Development Co. (MFDevCo)'s marginal field initiative and its future projects. Aibel initially joined MFDevCo's marginal field delivery consortium in February 2016…
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