Amid being the center of a major, worldwide bribery and corruption scandal, Brazil state-run oil company Petróleo Brasileiro’s (Petrobras) operations are being affected by the oil workers’ unions strike, and at the same time, the company received the resignation of one of its board members…
Seatronics has formed a new partnership with Norwegian subsea tooling firm LateraL, which specializes in improving offshore performance through its product range. The LateraL FlexiCal ROV mounted caliper…
Master Marine’s subsidiary Jacktel signed a US$178 million contract with Statoil and the Johan Sverdrup license partners to provide jackup accommodation services on the Johan Sverdrup field, offshore Norway. Image of the Haven jackup…
Singapore-based Sembcorp Marine reported a 17% year-on-year decline in revenue from US$3.1 billion (S$4.4 billion) to $2.57 billion (S$3.6 billion) for the nine months to September 2015, due to lower revenue recognition for rig building projects and ship repair…
Italian giant Eni is set to net US$507.8 million (€463 million) from the Saipem stake sale to Fondo Strategico Italiano (FSI). Descalzi. Image from Eni. The price for each Saipem share has been valued at $9…
Technip CEO Thierry Pilenko. Photo from Technip. “We are in an environment where something was broken.” It’s a harsh summary but one few would dispute. Nor would many now…
Image: Eni Goliat illustration overview/Eni Lankhorst Ropes Offshore has overseen the installation of the mooring ropes for the Goliat FPSO (floating production storage and offloading) for Eni Norge…
Image: Far Sentinel/Farstad Shipping Farstad Shipping has been awarded a three-year contract with up to three years options for CSV Far Sentinel by Subtec de C.V. for delivery of light construction work…
As Stone Energy reported a net loss of US$8.4 million in Q3 2015, the company’s operations in the Gulf of Mexico are moving full steam ahead, with exception of the decision to shed a minority stake in one non-operated project, in addition to cutting some of its workforce in Q4…
Nigeria’s Department of Petroleum Resources (DPR) granted approval to partners Guarantee Petroleum, Sirius Petroleum, and Owena Oil & Gas to drill the proposed Ororo-2A well on the Ororo Field offshore Nigeria. The Ororo Field is located within OML 95…
VNG Norge’s Blink well in the Norwegian Sea has failed to find hydrocarbons, according to partner Faroe Petroleum. Image from VNG Norge. The well, 6406/12-5S, was drilled 27km…
The contractual regulation of liability through knock-for-knock clauses has been an important feature of North Sea offshore contracts for many years. But a recent judgment by the Norwegian Court of Appeal demonstrates that the agreed liability…
Shortly before Houston-based Noble Energy released its Q3 2015 earnings, Israeli Prime Minister Benjamin Netanyahu said that the country intends to fast-track natural gas development, especially now that the country’s economic minister, Aryeh Deri…
OE spoke with Scott McIntyre, Project Manager, Technip UK, to find out his thoughts on the oil and gas business and his advice for young professionals. McIntyre. OE: How did you get into oil and gas…
Cyberhawk Innovations completed its first ROAV inspection of a cargo oil tank on an operational floating, production, storage, and offloading (FPSO) vessel. The inspection took place on board the Gryphon FPSO, owned and operated by Maersk Oil in the UK North Sea…
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