With some of the biggest recent gas discoveries on its doorstep, the Southern and Eastern Mediterranean could be prime to grow into a gas export hub – if the countries in the region can cooperate. EIC’s Andrew Scutter sets the scene. Installation…
The true potential of AUV capabilities have not been fully realized, according to a technical session at this year’s Offshore Technology Conference. Karen Boman reports. An Oceaneering AUV. Photos from Oceaneering…
The eNovus. Photo from Oceaneering. Permanently stationed underwater vehicles are almost a reality – in Norway, at least. Elaine Maslin reports. Statoil is working with Oceaneering…
Lundin believes the future is in the north. Elaine Maslin reports on the firm’s plans for the Alta Gohta development. An artist’s impression: Alta Gohta. Image from Lundin. Norway’s far north…
Deepwater is ready for a comeback. Operators at this year’s Offshore Technology Conference sang the praises of a new below US$50/bbl world. Audrey Leon reports. Image of Mad Dog in 2013. Image from BP…
Transocean has completed the sell of its jackup fleet to Borr Drilling for a total consideration of approximately US$1.35 billion. The sale included the company’s 10 high-specification jackups and five jackups under construction at Keppel FELS Ltd’s shipyard in Singapore…
Chevron is selling all of its shares in Trinidad and Tobago to Shell’s BG International Ltd. in a US$250 million deal. Image from Chevron Facebook. The deal, signed earlier this week on 29 May…
Baker Hughes and GE have gained clearance from the European Commission (EU) for the duo’s proposed merger. “The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry…
Mermaid Maritime has inked US$26 million worth of contract in the Middle East and Southeast Asia. In the Middle East, the DP2 dive support vessel the Mermaid Endurer has been carrying out a 30-day project on a DSV - ROV - SAT and air…
Odfjell Drilling signed a letter of award (LoA) today (31 May) with Statoil to secure the Deepsea Bergen for drilling activities in 2018-2019. The LoA includes one firm well plus four options for three additional wells, which totals out to 14 months in all…
Saudi Aramco and partners have proposed to build the US$5.2 billion King Salman International Complex for Maritime Industries & Services, a maritime complex in Saudi Arabia that will be one of the largest yards in the Arabian Gulf. Signing…
Kotug International’s offshore division assisted Allseas with the transfer and transport of Shell’s Brent Delta topsides after the record-setting removal of the structure by Pioneering Spirit. Image from Kotug…
Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South Marsh Island 71 license (SM-71) in the Gulf of Mexico. Map of SM-71, from Otto…
Norway’s Petroleum Safety Authority (PSA) has granted Eni consent to use Scarabeo 8 at Goliat, which will drill two production wells, in the Barents Sea. One of the two wells to be drilled is for oil production, while the other is for water injection…
Six of the offshore exploration wells that are set to drill in the UK in 2017 have an average pre-drill prospect volume of over 100 MMboe. Douglas-Westwood, through its Westwood Insight, asks if this signal a renaissance for UK exploration…
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