Maersk Drilling is reducing its workforce at its Copenhagen headquarters by 70 in response to the continued market decline and reduced industry activity. Image from Maersk. The…
O3b Networks, technology solutions company RigNet and floating production service provider MODEC, have agreed to provide high-throughput, low latency connectivity for MODEC’s floating production storage and offloading (FPSO) vessels off the coast of Brazil…
Aker BP's Ivar Aasen project has won approval to start production in early December from the Norwegian Petroleum Directorate (NPD), the agency announced today (24 October). Illustration of Ivar Aasen…
Huisman, a specialist in lifting, drilling and subsea solutions, secured a contract from Japan Marine United Corp. for the delivery of one 800-tonne pedestal mounted crane (PMC) and a contract from Jurong Shipyard for the delivery of one 100-tonne pedestal mounted offshore crane (PMOC)…
Dresser-Rand received an order from Egypt-based Belayim Petroleum Co. (Petrobel) for three model SGT-400 industrial gas turbines, including associated electrical generators. Petrobel, a joint venture formed by Italy-based Eni, and Egypt’s General Petroleum Corp…
Brazil’s Petrobras and France’s Total have entered into a strategic alliance for upstream and downstream activities in Brazil, that will expand internationally. Image of Pouyanné, from Total. Petrobras…
Africa Energy has closed three deals giving it a 90% stake and operatorship of Block 2B offshore South Africa. The company paid US$1 million to Afren to acquire a 25% participating interest in Block 2B. It also paid $2 million and shares to acquire all of Thombo Petroleum's 34…
SeaBird Exploration has said it is to acquire a long-offset survey in Belize, starting mid-October 2016. SeaBird will use the Northern Explorer to acquire the survey and the anticipated duration of the program is three to four weeks. Seismic activity offshore Belize…
Businesses working in the East of England gas industry were told there were at least another 20 years’ production left in the Southern North Sea by a government expert at Westminster. Production is expected to continue until at least 2035…
Keppel Offshore & Marine's (Keppel O&M) subsidiary Keppel Shipyard is on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Madura EPC. Armada Madura is a joint venture between Shapoorji Pallonji and Bumi Armada…
Singapore's Sembcorp Marine has agreed to buy the remaining 30% stake in Sembmarine North Sea that it doesn't already own. The firm owns UK fabrication yard Sembmarine SLP, once SLP Engineering, and will allow the yard to expand its footprint in the UK…
A sustained low oil price environment is a challenging one, with 'survival of the fittest' being an undeniable reality of the sector. Upstream exploration and production (E&P) operators, in the past two years, have scurried to re-evaluate their operational Business as Usual (BAU) practices…
Mexico’s National Hydrocarbons Commission (CNH) has approved Italian giant Eni to drill a well in the shallow waters of the Gulf of Mexico, according to news reports. Image from Eni. Drilling…
FMC Technologies is moving forward with its aggressive tactics to make more job cuts in Q4 2016, as the company reported a 29% drop in revenue for Q3 2016. Illustration of FMC Houston offices, from FMC Flickr…
Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…
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