Ocean Yield has agreed to acquire two platform supply vessels (PSVs) from BP Shipping for a total consideration of US$105.4 million. Both vessels are on long-term charters to Aker BP.NS Orla. Image from Golden Energy Offshore.The two vessels…
McDermott International recently completed the load-out and installation of the first jacket fully fabricated by the company at its recently opened Dammam fabrication yard in Saudi Arabia. The Safaniya 264 jacket is part of McDermott’s…
Faroe Petroleum has announced positive results from its Brasse appraisal well in the Norwegian North Sea, confirming Brasse as a commercial discovery. The firm says it now plans to perform a drill stem test (DST) and potentially side track the well…
Improvements in oil and gas contractor confidence both on the UK Continental Shelf (UKCS) and internationally suggests some businesses are seeing signs of recovery and are focused on the future, according to an industry report released today…
Wood Group has secured a US$6 million contract with Woodside to support the execution of phase two of their Greater Western Flank (GWF-2) project, on the North West Shelf (NWS), offshore Western Australia. Effective immediately, Wood…
Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing the two companies to complete their proposed transaction under US law. Image from Baker Hughes…
Sirius Petroleum has confirmed that the company is in talks with supermajor BP regarding an offtake and pre-payment facility to support Sirius in its financing for the proposed drilling program on the Ororo field, offshore Nigeria. The COSL Power…
Stone Energy Corp. spud a well at the Rampart Deep prospect in the Gulf of Mexico last week (3 June) with a recently warm stacked Transocean drillship. Deepwater Asgard. Image from Transocean…
ABS unveiled its Global Ship Systems Center and announced the formation of its Hellenic Technical Committee in Athens. Image of the Global Ship Systems Center, from ABS. “This…
General Electric Co. (GE) Chairman and CEO Jeff Immelt – who transformed the company into a digital industrial portfolio aligned to oil and gas and other key markets – will step down as CEO and retire from the company at year-end 2017. Immelt…
Renewable energy sources are set to radically reshape global energy markets, says Wood Mackenzie (WoodMac). For the majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios…
Compared to the automotive and aerospace industries, the oil and gas sector has been slow in its uptake of optimization through analysis in the early design phase. It should be viewed as a fundamental requirement for the successful design of all offshore risers and conductors for instance…
Odfjell Drilling signed a contract with Wellesley Petroleum for one firm exploration well, plus an optional well testing and sidetrack, on the Norwegian Continental Shelf (NCS) using Odfjell Drilling's Deepsea Bergen semisubmersible. Drilling…
TAQA Bratani has awarded Odfjell Drilling a contract for platform drilling and maintenance services on five of its platforms in the UK North Sea. The contract period is two years, with additional yearly options. The contract is planned to start Q3 2017…
Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets. Wood Group will deliver a topside concept study evaluating the tie in of Total’s Garantiana field development to Statoil’s Gullfaks B and Visund facilities…
Subscribe
