Transocean announced that the harsh environment semisubmersible Henry Goodrich was awarded a two-year contract with Husky Oil Operations offshore Canada at a dayrate of US$275,000. The rig will be used for ongoing development drilling…
Lundin Malaysia commenced drilling of the Imbok-1 exploration well in blocks SB307 and SB308, offshore East Malaysia. The Imbok prospect is in shallow water and lies to the east and south of two major producing fields in offshore East Malaysia…
Houston-based Vantage Drilling’s subsidiary Offshore Group Investment Ltd. (OGIL) filed for bankruptcy last week, in a debt-for-equity deal that will result in a reduced debt of about US$1.45 billion. The Titanium Explorer…
Marathon Oil has awarded Ingen Ideas, an Amec Foster Wheeler company, a contract worth approximately £8million. The five-year multi-discipline engineering contract covers Marathon Oil’s Brae Complex in the North Sea. The contract started in October 2015 and will run for five years…
Fluor Corp. and Stork has announced that Fluor has signed an agreement with UK-based private equity firm Arle Capital Partners to acquire 100% of Stork Holding B.V., based in the Netherlands, for an investment of approximately US$755 million (€695 million)…
The Norwegian Ministry of Petroleum and Energy has announced that 26 companies have bid for acreage in the 23rd licensing round. The round offers nearly 60 frontier exploration blocks with around half in the exciting new Arctic province of the Norwegian Southeast Barents Sea…
French geoscience company CGG is proposing a US$378.9 million (€350 million) capital increase to finance its “Transformation Plan,” which the company first implemented in 2013. The Oceanic Vega…
KrisEnergy spudded the Mustika-1 exploration well in the East Java Sea, marking the beginning of its operated Satki production sharing contract (PSC). Image from KrisEnergy. Mustika-1…
A search for missing oil workers continues in the Caspian Sea following a fire offshore Azerbaijan that started last week, on 4 December. Socar's West Azeri plaform. Image from Socar's Facebook…
WFS Technologies has developed a battery management system technology which enables the battery life of subsea wireless instrumentation and control systems to be extended to up to 15 years. Seatooth Endure technology integrates this battery…
Electromagnetic Geoservices (EMGS) has announced that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Foz de Amazonas and Ceara basin in Brazil worth a total of US$ 4.1 million.
Image from IOG. Murphy Oil encountered hydrocarbon pay at its Thunder Bird sidetrack well in the Gulf of Mexico, but has decided to plug and abandon the well, due to the low oil price environment…
Offshore Technical Compliance (OTC) in partnership with Hecate Software has announced the introduction of Greenlight, a digital pressure testing software suite which provides reliable pressure analysis and compliance oversight. Greenlight uses proprietary algorithms to conduct…
A total of 26 oil and gas companies applied for rights to explore acreage in the Norwegian and Barents Seas in Norway’s 23rd licensing round this week. This year’s licensing round comprises of 57 announced blocks or parts of blocks, of…
BW Offshore has received a two-year contract extension for the lease and operation of the FPSO Polvo. The FPSO is operating on the Polvo field offshore Brazil for Petrorio. The firm period has been extended to Q3 2018 (from Q3 2016), with options until Q3 2022…
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