Norwegian investment firm Akastor and Japan's Mitsui have entered into a memorandum of understanding which could see the Japanese firm, together with potential partners, invest in oilfield services firm AKOFS Offshore. The move could…
Sparrows Group has won two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes. The first contract, for five-year’s crane maintenance services, covers 76 cranes across all of Dubai Petroleum’s offshore fields…
Andrew Hodgson is stepping down as CEO of Tyneside-based subsea engineering firm Soil Machine Dynamics (SMD). He will be will be succeeded by his deputy Mike Jones from 23 October. Jones has worked for SMD for over 25 years. A director since 2004…
Statoil has branded its offshore New York wind site, Empire Wind. The 79,350 acre site is off the southern coast of Long Island, New York. The Norwegian operator said that the site has potential to generate up to 1GW of offshore wind power…
Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit. This lack of deepwater asset inventory is challenging exploration…
The US Department of the Interior (DOI) has released details about proposed Lease Sale 250, which would offer 76.9 million acres in federal waters offshore Texas, Louisiana, Mississippi, Alabama, and Florida. The sale, scheduled for March 2018…
Shell has submitted plans to develop the Fram gas and gas condensate field in the UK North Sea as a subsea tieback to the Shearwater platform. The project, in Blocks 29/3a, 29/4c, 29/8a, 29/9c in the Central North Sea, had been considered as a standalone development…
Heerema Marine Contractors (HMC) has said about 250 job losses will be made as a part of a restructuring caused by the downturn in the oil and gas industry. HMC, based in the Netherlands, says about 200 jobs will be lost onshore, with about 50 offshore fleet personnel jobs also being cut…
Oilfield services firm Expro has launched a new extreme high-pressure tubing conveyed perforating (TCP) gun system, delivering the largest perforation hole area available for frac and gravel pack completions. Designed specifically for challenging deepwater environments in the Gulf of Mexico…
Ardyne, provider of plug and abandonment and slot recovery technology, has appointed Paul Warwick as non-executive chairman. Warwick has been a non-executive director of Ardyne since shortly after the launch of the company in 2016. He is also executive chairman of Whalsay Energy…
Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess for US$2 billion as the US oil firm continues an offshore asset sale. Yesterday, Kosmos Energy said it had agreed to acquire Hess' 85% stake in two long-producing oil fields…
French cabling firm Nexans has been chosen to supply 3000km cables for the Nasr Phase II full field development project offshore Abu Dhabi in the United Arab Emirates. The Nasr field is a large oil field about 130km northwest of Abu Dhabi…
Kosmos Energy entered Equatorial Guinea with a splash by acquiring Hess' 85% stake in two long-producting oil fields for US$650 million, as well as signing production sharing contracts (PSCs) for three other blocks in the Rio Muni basin…
French oil giant Total has agreed a farm-in deal with UK based independent Impact Oil and Gas, which will see it take major stakes in deepwater blocks offshore Namibia and South Africa. Total has acquired 70% of Impact’s interests in Block 2913B…
Forum Energy Technologies's Dynacon business line, a manufacturer of launch and recovery systems (LARS) and Scantrol, an Active Heave Compensation (AHC) control systems supplier, are joining forces to offer AHC functionality to new and existing customers…
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