Santos has completed the sale of its Victoria, offshore Australia, assets to Cooper Energy. The deal includes a string of fields in the Gippsland Basin, south of Orbost, as well as the onshore Orbost gas plant, plus Otway Basin field interests…
Maersk Oil is planning to cut 160 jobs from its Danish business unit following an 'organizational review.' The firm said the results of the review of the Danish business unit would 'simplify its organization to improve efficiency,' and create a more cost-efficient operating model…
UK Independent Serica Energy is targeting a development plan for the long-dormant North Sea Columbus field this year, the firm said today. Serica is also firming up plans to drill its Rowallan prospect in North Sea block 22/18c in 2018…
The US Bureau of Ocean Management (BOEM) has appointed Walter Cruickshank, Ph.D., as the acting director. Image of Cruickshank, from BOEM. As deputy director, and currently acting director of BOEM…
Short-term production from the BP-led Azerbaijan’s Azeri-Chirag-Gunashli (ACG) project in the Caspian Sea is expected to be flat, and contain gas rather than oil, according to a new analysis from Douglas-Westwood (DW). ACG…
There are not too many people within the subsea business that saw through – from their very beginnings and from the inside – the growth of two of the biggest players in the business. Elaine Maslin speaks with Allen Leatt to find out more…
Seatronics, an Acteon company and provider of marine electronic equipment, has formed a partnership agreement with Force Technology, an international technological consultancy company. The agreement will provide Seatronics’ global customer…
SapuraKencana Petroleum has been awarded several contracts via its subsidiaries worth a total of about US$300 million. SapuraKencana Subsea Services inked a two-year contract to provide underwater services for Petronas Carigali. The…
Polarcus received a letter of intent for a broadband 3D marine seismic acquisition project offshore West Africa. The project is due to start in Q1 2017 and will run for approximately one month.
The American Petroleum Institute (API) reported the total wells drilled and completed in Q4 2016 decreased 8.8% when compared to Q3 2016. This decrease shows a drastic improvement from the same period in 2015 which saw a 21% decrease in total wells drilled and completed…
Intervention specialist Helix Energy Solutions has sold its Helix 534 vessel to a third party for approximately US$2.8 million. The vessel, a DP2 modified drillship, which Helix bought from Transocean in 2012, and converted in Singapore…
Wellhead engineering firm Plexus Holdings says it is confident exploration activity will soon pick up from today's historic lows, after signing a four-year framework agreement with Centrica Norway. Under the agreement, Aberdeen-based…
Tidal power firm Atlantis has been awarded €20.3 million in funding from the Horizon 2020 European Commission fund. The cash is for the firm's Demotide project, which will design, build and operate a 6 MW turbine array, also called MeyGen Phase 1B…
IKM Consultants has secured an extended one-year framework agreement for hire of personnel with Wintershall Norge. In December last year, IKM Consultants was awarded a one-year renewal of an existing framework agreement with the oil and gas company…
North Atlantic Drilling has again extended a newbuild rig contract standstill agreement with Singapore's Sembcorp Marine. Sembcorp Marine's subsidiary Jurung Shipyard has been building the semisubmersible drilling rig West Rigel, on which a standstill agreement had already been put in place…
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