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…
Norwegian Energy Co. ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco effective immediately. Sundt will, however, continue to fill the role as general manager for the Norwegian operations until the end of 2015. Since joining Noreco in September 2014…
More than 40 items of unexploded ordnance (UXO) from World War II have been safely detonated or removed from the Norfolk coast, having been discovered on the export cable route for DONG Energy’s Race Bank offshore wind farm. Image…
Brazilian giant Petróleo Brasileiro (Petrobras) entered into a US$2 billion deal with the Industrial and Commercial Bank of China Leasing (ICBC) for a finance lease on two existing platforms. Image from Petrobras…
Iran’s historic nuclear deal with six world powers was approved by the country’s parliament today (13 October) with 64% in favor of the bill, clearing a hurdle for sanctions against Iran being lifted. Iranian parliament approves JCPOA bill…
Repsol Norge is plugging its wildcat well 6306/5-2 (Hagar) on production license 642 after the well was found to be dry. The Hagar well was drilled about 65km southwest of the Njord field and 35km southeast of the 6406/12-3 S and A discoveries (Pil and Bue) in the Norwegian Sea…
The BlueTEC Texel Tidal energy project partnership is planning to install a second larger turbine on its system after the first months of operating the BlueTEC tidal energy platform were seen to be a success, supplying electricity into the Dutch national grid…
Kongsberg Evotec, a fully owned subsidiary of Kongsberg Maritime, signed an agreement with Bourbon Offshore Norway for the delivery of the E-LARS launch and recovery system for remote operated vehicles (ROV). The delivery will take place in December 2015…
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