Nexans Norway and IKM Subsea have come to an agreement to extend the current ROV services contracts on board the C/S Nexans Skagerrak. The contract value including options is NOK 75 million and duration term is firm for three years plus two yearly options…
Houston's Vantage Drilling has signed an agreement for a two-year extension of the ultra-deepwater drillship Tungsten Explorer contract. The contract, initially signed in 2013, and running from mid-2014 for two years, is now anticipated…
Italian explorer Eni hopes to start production from the giant Zohr gas field offshore Egypt by the end of 2017, after being approved to take over the development lease from Egypt's national Natural Gas Holding Company (EGAS). Zohr, described as Egypt's largest gas field to date…
The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development. First Oil had held 15% interest in the Kraken field in the UK North Sea…
UK-based engineering firm Wood Group has won a contract with Australia's Woodside to provide the detailed design of the Greater Western Flank Phase 2 (GWF-2) flowline system. The GWF-2 project is on the North West Shelf, offshore Western Australia…
The protracted low price environment is pushing the offshore marine supply chain to breaking point. Rig managers, offshore support vessel (OSV) contractors and subsea vessel owners are trading at 60-70% discounts to 2013 highs and every week seems to usher in a new wave of profit warnings…
West of Shetland basement fractured reservoir explorer Hurricane Energy has a new non-executive chairman after John Hogan announced his plans to step down from the board on completion of a three-year stint in the role in March of this year…
UK-based subsea power cable and umbilicals manufacturer JDR has been awarded two umbilical contracts by McDermott for two projects in the United Arab Emirates and Qatar. The first project includes three umbilicals with a total combined length of 9km…
Russia's Rosneft and Venezuela's national oil and gas company Petróleos de Venezuela (PDVSA), agreed to establish a 50-50 joint venture to develop the offshore natural gas fields Patao, Mejillones and potentially Rio Caribe in Venezuela. Rosneft will serve as project operator…
The Bureau of Safety and Environmental Enforcement (BSEE) staff recently participated in the Alaska Regional Response Team (RRT) meeting to update attendees on BSEE’s Arctic spill response database project. Image from BSEE…
ExxonMobil added 1 billion boe of proved oil and gas reserves in 2015 for a total of 24.8 billion boe that was a result of new developments, and a significant discovery offshore Guyana. Image from ExxonMobil…
North Energy completed the acquisition of Explora Petroleum for a cash payment of US$2.5 million this week. Image from North Energy. The transaction was implemented through the…
Chariot Oil & Gas completed its 3D seismic survey in Blocks 2312 & 2412A offshore Namibia, in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%). The survey comprised approximately 2600sq km of data and was conducted by PGS Exploration…
Next month, the Bureau of Ocean Energy Management (BOEM) will offer some 45 million acres in the Gulf of Mexico for oil and gas exploration in two lease sales, an increase of 2.2 million acres that was originally announced in September 2015…
Sapura Navegacao Maritima’s (SNM) fourth pipelaying support vessel (PLSV), the Sapura Jade started work with Petrobras on 14 February. The Sapura Diamante. Image from SapuraKencana. The Sapura…
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