Offshore Wind Consultants Ltd. (OWC), part of Oslo-listed Aqualis, has been awarded a framework agreement by Iberdrola to provide engineering and project management services for various wind farm projects offshore East Anglia, UK. Under the agreement…
Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally…
Sri Lanka’s government is offering a tender for Block M2 later this year, giving companies opportunities to undertake appraisal and development of gas discoveries and prospects, according to the country’s Ministry of Petroleum Resources Development…
Statoil awarded Simon Møkster Shipping contracts for three emergency response and rescue vessels (ERRV); and Havila Shipping for one ERRV. The contacts have a total value, included options, of nearly US$322 million (NOK 2.7 billion). The…
Seadrill has been awarded a firm two-well contract, plus a two-well option with Statoil Canada for the West Aquarius, offshore eastern Canada. The contract is expected to start in Q2 2017, following the conclusion of the vessel’s current contract with Hibernia in early April 2017…
Bell Geospace and Onyx Engineering are launching data from a multiclient FTG program offshore Malaysia, with support from state oil firm Petronas. The multiclient FTG program includes airborne 3D Full Tensor Gradiometry (FTG) and magnetic…
India's Reliance Industries Ltd. (RIL) has awarded Genesis a contract to undertake front end engineering design (FEED) on the MJ field deepwater development in block KG-DWN-98/3 in the Bay of Bengal. This project will consider a seven…
Swedish oil explorer Lundin Petroleum says its 35-100 MMboe gross resource oil and gas discovery in its Filicudi exploration well in the Barents Sea has 'significant upside potential.' The well, 7219/12-1, is in PL533, which could contain up to 700 MMboe unrisked prospective resource…
Global Maritime Consultancy & Engineering completed a suitability survey for the world’s second largest semisubmersible, the Xin Guang Hua, in advance of her maiden voyage. For the survey, Global Maritime carried out an independent assessment of all aspects of the vessel’s condition…
Norwest Energy has achieved the full farm-out of its 160 MMbbl Xanadu TP/15 prospect, off Western Australia, signing a binding term-sheet with 3C Group. 3C subsidiary, 3C Group IC Ltd., will contribute 40% of the well costs to earn a 30% interest in TP/15…
A new, US$224 million (£180 million) center aimed at making Aberdeen a center of oil and gas technology has been launched today. The launch of The Oil & Gas Technology Centre (OGTC), which is to include a number of thematic 'solutions centers…
Transocean is to scrap two idle rigs and has idled three others as contracts have been dropped, while others have been extended. The floaters M.G. Hulme, Jr. and GSF Rig 140 were classified as held for sale. Transocean says these rigs will be recycled…
Large upstream projects are more often delivered by a group of partners rather than a single 100% owner. This spreads project risks and can also make it possible to finance megaprojects, which could be beyond the capacity of any single player…
Innova, a specialist subsea engineering and technology company based in Norway, has selected acoustic and inertial navigation technology from Sonardyne International, for two new in-field resident ROVs (remotely operated vehicles) being built in the country…
French giant Total will launch 10 upstream projects in the next 18 months, as the company targets a US$3.5 billion costs savings for the year. Image of Total CEO Pouyanné, from Total. In 2017…
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