Farstad Shipping has been awarded two charter contracts from Petrobras for operations offshore Brazil. There will be a four-year contract for the PSV Far Strider expected to begin in April 2016. Petrobras has also awarded the anchor…
Accommodation vessel provider Prosafe is preparing to lay-up its vessel Jasmina, after remained off-hire offshore Mexico. The unit, built in 1982, at the GVA yard in Sweden to a GVA 2000 design, and with accommodation for 535 people, has been off hire since late February 2015…
Subsea cables and umbilicals firm JDR has been awarded a contract by Marathon Oil for the design and manufacture of 11.3km of power and static subsea umbilicals with accompanying termination hardware for the West Brae field. The full…
Louisiana-based Bordelon Marine is using acoustically-aided inertial navigation technology from Sonardyne for its new ultra-light intervention vessel (ULIV), Brandon Bordelon. The dual Ranger 2 Pro DP-INS systems, the highest specification available…
Saudi Aramco, Dubai based rig builder and engineering firm Lamprell, the national shipping company of Saudi Arabia (Bahri) and Hyundai Heavy Industries have signed a memorandum of understanding over establishing a Maritime Complex in Saudi Arabia…
Halliburton posted a 42% loss in its total revenue year-on-year for Q4 2015 that the company said is a result from the impact of reduced commodity prices creating widespread pricing pressure and activity reductions on a global basis. Image…
Lundin Malaysia completed, and will plug and abandon the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia. The well encountered approximately 15m of net logged reservoir pay with oil shows over three main reservoir…
Aker Solutions won a front-end engineering design (FEED) contract from Statoil for the Trestakk field tie-in to the Åsgard A production vessel in the Norwegian Sea. The company also secured a separate concept study order for a low well-pressure project at Åsgard A…
Lundin Petroleum has started drilling exploration well 16/4-10 on the Fosen prospect, offshore Norway. The well is about 27km south of the Edvard Grieg field and 11km south of the Luno II discovery. It will explore the Fosen prospect…
Singapore-based Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Halul, a KFELS B Class jackup rig, to Gulf Drilling International (GDI) of Qatar. It was completed on 21 January 2016, 10 days ahead of schedule…
Aberdeen headquartered engineering consultancy Project Development International (PDi), today announced it is under new ownership following an acquisition by Tattva International Holdings. Tattva International Holdings, based in Singapore…
Floating production specialist SBM Offshore has accepted an out of court settlement over allegations relating to the Petrobras corruption scandal - but says this doesn't amount to an admission of guilt. The allegations were made in December…
Oilfield services giant Schlumberger has inked its second floating LNG-related deal within a space of days - this time taking a stake in a development project. After inking a memorandum of understanding with LNG carrier and floating LNG firm Golar LNG late last week…
Despite the already difficult North Sea market and painfully high cost levels, a new research report published today by DNV GL reveals that more short-term cost cuts are expected in 2016. Sixty-five percent of UK respondents think mistakes made in previous downturns are being repeated…
Mexico’s federal government has entered into an exclusive agreement with Platts to utilize its oil and natural gas price data in the nation’s pricing formulas as part of its energy reform policy. Image…
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