Archer (UK) announced the award of a three-year contract with two, two-year extension options, for the provision of platform drilling services for Talisman Sinopec Energy UK. The contract, which is scheduled to commence on 1 November 2015…
Russia’s Lukoil discovered natural gas pay at its deepwater Lira field in the Black Sea, offshore Romania. The Transocean Development Driller II. Image from Lukoil. The Lira-1X…
Image: Kaombo Ultra-Deep Offshore Project/Optical Metrology Services Optical Metrology Services (OMS) completed a series of pipe measurement surveys for the Kaombo Ultra-Deep Offshore…
E.ON is divesting 100% of its Norwegian exploration and production (E&P) business in a US$1.6 billion deal with Germany’s DEA Deutsche Erdoel AG. Image from E.ON. Upon the terms of the contract…
Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…
Det norske oljeselskap has entered into an agreement to acquire Svenska Petroleum Exploration for US$75 million on a cash free, debt free basis. Svenska has 15 employees in Norway, of which all will be transferred to Det norske. Svenska holds 13 licenses in Norway…
Subsea 7 has been awarded a contract by Pharaonic Petroleum Co. for the development of the East Nile Delta Phase 3 Project (END-3). The scope includes installation engineering, procurement and fabrication of rigid spools, and installation of pipeline…
Jee Ltd, an independent multi-discipline subsea engineering and training firm, has secured a contract extension with BP for the provision of integrity management services and in-line inspection engineering support in the North Sea. The contract involves project coordination…
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 MMb/d in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a Platts survey of OPEC and oil industry officials and analysts…
Newbuild flexible lay and construction vessel, Skandi Africa, has joined the industry leading Technip fleet, following the signing of the on-hire agreement in Schiedam, Netherlands on 5 October. The ship, owned by DOF Subsea, has now begun her five-year charter commitment…
Global demand growth is expected to slow from its five-year high of 1.8 MMb/d in 2015 to 1.2 MMb/d in 2016 – closer towards its long-term trend as previous price support is likely to wane, the IEA Oil Market Report for October informed subscribers…
Primeline Energy Holdings Inc. has announced that China National Offshore Oil Corp. (CNOOC) has agreed to extend the exploration period under the petroleum contract for Block 33/07 to facilitate Primeline’s exploration drilling program in the East China Sea…
Image: ASD Tug 2913/Damen Shipyards SAAM SMIT Towage, the joint venture between SAAM of Chile and Dutch company Royal Boskalis Westminster, has signed a contract for the purchase of a Damen Tug 2913 for delivery in early 2016…
Lloyd’s Register (LR) Energy and TWI launched a joint industry project (JIP) inviting companies from across the world to tackle the current and future issues faced by manufacturers supplying the energy industry. This latest JIP focuses on additive manufacturing…
In this video FAR Ltd’s managing director Catherine Norman, explains the company’s upcoming appraisal/exploration drilling program, as part of the Cairn Energy operated offshore Senegal permits. Cairn, with FAR and other joint venture partners in Senegal…
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