The drillship Deepsea Metro I has started drilling operations in Vietnam under its contract with VietGazprom, Odfjell Drilling announced. The contract has a duration of approximately 20 weeks and an estimated contract value of US$40 million…
SPE Offshore Europe starts just four weeks today! To help you plan, we have asked some show veterans for their tips on how to survive and thrive at Europe's biggest oil show: Alexander MacLeod, founder and project services manager at…
McDermott International reported an increase in profits in 2Q, at US$11.5 million, up from a net loss of $7.4 million in the same period last year on revenues of $1.05 billion (up $570 million). McDermott says revenues for 2Q were positively…
Exploration drilling has restarted on the Tvillingen South prospect in production license 510 in the Norwegian Sea. Operator Maersk Oil initially started drilling on the well in January this year, using the Leiv Eiriksson semisubmersible drilling rig…
Freeport-McMoRan's MZ-1 deepwater exploration well offshore Morocco has reached total depth without finding oil, according to partner Pura Vida Energy. The well, on the Mazagan permit, was drilled through the three prognosed Jurassic…
MultiClient Geophysical (MCG) has entered into an agreement with Polaris E&E Services to acquire their Post Stack Reprocessed Atlantic Margin seismic 2D data. MCG will pay Polaris for this transaction through revenue share of futures sales…
Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement International for field development in Mexico’s Gulf of Mexico waters. The agreement, valued at up to US$28 million, encompasses deepwater and complex shallow water concept and basic engineering…
The Society of Petroleum Engineers Aberdeen's Young Professional Committee has launched an online survey to gather the opinions of students, graduates and young professionals about their preconceived ideas about the industry. The results…
Wärtsilä's board of directors appointed Jaakko Eskola as the new president and CEO of Wärtsilä Corp. effective 1 November 2015. Eskola will succeed Björn Rosengren, who will become the CEO of Sandvik, a global engineering group based in Sweden…
The Center for Biological Diversity formally and legally petitioned the US federal government to inspect all of California’s offshore pipelines for corrosion and other damages. Image from APPEA…
Schlumberger has expanded its Gulf of Mexico multiclient wide-azimuth seismic data portfolio by launching a new survey in the Campeche Basin. The acquisition of the industry’s first multiclient wide-azimuth survey offshore Mexico will cover 80…
Houston-based Oceaneering International is diving further into the subsea sector with the acquisition of a minority interest in the UK’s Viper Subsea Technology. Image from Oceaneering. The deal…
A Russian offshore gas and condensate field in the Sea of Okhotsk has been added to a US-sanctions list prompted by Russia's actions in Ukraine. The Yuzhno-Kirinskoye field, 35km northeast of Sakhalin Island and 6km southeast of the Kirinskoye field…
Iran said it is ready to negotiate with Japan over the return of the country’s enterprises to its oil projects as well as its upstream industries. Iran’s Oil Minister Bijan Zangeneh told reporters after a meeting with a visiting Japanese…
Denmark's Maersk Drilling has been awarded a new contract for the jackup rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea…
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