Singapore’s Keppel Offshore & Marine has agreed to buy Cameron International’s offshore rig business for US$100 million, comprising of the LeTourneau jackup rig designs. Keppel says the LeTourneau suite of jackup rig designs have been…
As the oil price further deteriorates, major oil-producing countries are looking to the future and to sustainability. Recently, Bloomberg forecast that two-thirds of the US$12.2 trillion global investment in capacity-generation to 2040 will be in the renewables sector…
Offshore energy production in the Gulf of Mexico has experienced relatively minor disruptions because of tropical storms and hurricanes in recent years, and the National Oceanic and Atmospheric Administration (NOAA) has predicted a below…
OEG Offshore, a global provider of cargo carrying units (CCUs) and A60 modules to the oil and gas industry, has announced the merger of its US business with Louisiana based oilfield equipment provider Cameron Rental and Tank (CRT). The…
Image: on-site machining/IKM Testing The IKM Group announced that IKM Testing has entered into a purchase agreement to acquire Oceaneering’s Norwegian Onsite Machining & Cutting business…
LUKOIL, a provider of marine lubricants, has expand its global supply network, opening a new warehouse in Gothenburg, Sweden, which will reduce lead time and increase flexibility when delivering lubricants to vessels calling at Scandinavian ports…
Statoil has received consent from the Petroleum Safety Authority of Norway to drill exploration well 15/3-10 in a prospect named Sigrun East with the potential of a sidetrack well. The area where the well is to be drilled is around…
North Sea-focused Independent Oil and Gas (IOG) is aiming to drill an appraisal well on the Skipper discovery later this year with contractor led funding. Image from IOG. The…
Two Norwegian polar researchers have returned from a project to collect seismic data over an area of the Arctic usually inaccessible to seismic vessels. The pair, Yngve Kristoffersen and Audun Tholfsen, deployed their ice drift technique…
Norway-based Bergen Group has appointed Hans Petter Eikeland as its new CEO as of today, 28 August. Hans Petter Eikeland is appointed up to July 2016 and succeeds Asle Solheim. “Eikeland has an industrial understanding and vigor that…
Floating production vessel operator BW Offshore has posted a 3% rise in operating revenues but says, which outsourced floating solutions remain an attractive option, the low oil price environment will see a reduction in orders that is expected to be prolonged…
LQT Industries, a full-service provider of accommodation facilities, design-build construction services, and support services to the oil and gas industry, has been awarded a contract for the construction of an E-House, a temporary living quarters building…
US-based Freeport McMoRan is cutting nearly 30% from its oil and gas division, and a total of 29% from its July 2015 estimates. Image from Freeport McMoRan. The natural resources…
Shell, the operator of the BC-10 field, has awarded a contract to Helix Energy Solutions Group’s robotics subsidiary, Canyon Offshore, to trench and bury over 40km of pipe in 1675m of water in the Campos basin offshore Brazil. The work…
Seadrill is keeping with its cost management program in part by delaying newbuilds, but still experienced a 7.8% decrease in revenue in 2Q 2015. The West Vela. From Seadrill. Currently…
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