Energean Oil & Gas stands to gain a US$50 million investment from Kerogen Capital for its Karish and Tanin gas fields, offshore Israel. The move could see the independent private equity fund manager take a 50% stake in Energean’s Israeli subsidiary…
Germany's Wintershall has submitted its Skarfjell field development plans to Norway's Ministry of Petroleum and Energy. Image from Wintershall. The proposed solution, which was first revealed earlier this month…
Wärtsilä and PGS Geophysical have signed a service agreement that makes Wärtsilä the preferred service supplier for engines and other Wärtsilä equipment. According to the agreement, Wärtsilä will take care of the maintenance of engines and…
Integrated process solutions provider ProSep will supply one ProDry unit to Statoil for the Troll B ZMP Project. ProSep’s project scope of supply – awarded through Aker Solutions – began in January 2017 and is expected to last approximately five months…
UK-based semisubmersible rig operator Awilco Drilling has said global floater fleet utilization could finally start to recover from 2018. The firm says the decline in exploration and production spending seems to be bottoming out in 2017…
Norway’s Spectrum has dropped out of the race to acquire MultiClient Geophysical, after Geoex offered a bigger price tag for the company in a back and forth battle. Following Geoex’s announcement on 2 February of an increased offer price of NOK 1…
Offshore Ireland focused Lansdowne Oil & Gas has relinquished license SEL 4/07 following disappointing results from the Midleton prospect well. Lansdowne had 20% interest in the license, alongside Petronas subsidiary PSE Seven Heads, with 80%…
Wood Group has developed a new version of its ENVision software. The real-time environmental information management software system for process and industrial plants provides emissions monitoring, troubleshooting, data gathering, interpretation and complete reporting to regulatory agencies…
Umbilical and power cable manufacturer JDR has been awarded a major steel tube umbilical contract by Cameron, on behalf of operator ONGC, for the 11 Wells of Western Offshore project. The development involves subsea completion of 11…
Hess Corp.’s Stampede tension leg platform moved one step closer to production Wednesday following completion of an initial pre-production inspection of its topsides by the Bureau of Safety and Environmental Enforcement (BSEE) at the Kiewit shipyard in Ingleside…
Oceaneering International's CEO Kevin McEvoy is to step down on 5 May, following the firm's annual meeting. McEvoy, who has been at Oceaneering for 38 years, will be replaced by the firms current president, Roderick A. Larson. Larson…
International compressor supplier Tamrotor Marine Compressors (TMC) has been awarded a contract by Golar LNG to supply the offshore market’s most energy efficient compressed air system to the Hilli FLNG vessel, which will operate offshore Cameroon…
Mammoet has successfully completed the process of weighing, transporting and lifting the modules of the P-76 FPSO platform for the Technip-Techint consortium at the Techint Offshore Unit in Pontal do Paraná - Brazil. Image of the P-76 FPSO…
Fugro and Solstad have an agreement in place for the purchase of the Rem Etive subsea construction vessel. Image of the Rem Etive, from Solstad. Fugro said it has secured continued…
Wood Group has been awarded a three-year global agreement with BP for the provision of conceptual engineering services, pre-front end engineering design (pre-FEED) and FEED engineering services. The agreement has an option to extend for two additional years…
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