In this video, Teekay Corp. gives a look inside of the Arendal Spirit accommodation rig. The Arendal Spirit is Teekay’s first unit for maintenance and safety (UMS). It has secured a three-year charter contract, including extension options…
Shell disconnected the Noble Discoverer drillship from its anchors in the Chukchi Sea after weather temporarily put a halt to its Arctic operations over the weekend. The Noble Discoverer. From Shell Flickr…
South Korean shipyard Hyundai Heavy Industries (HHI) has placed two contracts with Wärtsilä for seawater/propane based regasification modules. The systems are to be installed on FSRU (Floating Storage and Regasification Unit) vessels owned by Höegh LNG…
Rosneft succumbed to a drop in revenue and net income for 1H 2015, however came out ahead in its 2Q 2015 results with an increase of as much as 150%. Image from Rosneft. Revenue for 1H came in at US$46…
National Oilwell Varco (NOV) appointed Jose A. Bayardo as senior vice president and chief financial officer (CFO) of NOV, effective 28 August 2015. Bayardo succeeds Scott K. Duff, interim CFO. Prior to joining NOV, Bayardo, age 43, served as senior vice president…
Schlumberger and IBM announced that they have teamed up to provide integrated services to upstream oil and gas customers that they claim will improve the business impact of production operations projects. The offering combines Schlumberger’s production optimization services…
Equalizer International, a designer and developer of flange maintenance tools for the energy sector, will launch its newest range of tools at Offshore Europe 2015. The NutSplitter range, designed specifically for pipe-line bolted flange joints…
Centek Group, a centralizer manufacturer, has formed a deepwater division to focus the sale and support of its specialist deepwater centralizer products. Centek’s deepwater centralizers are designed for use in wells where as many as nine…
Statoil, operator of production license 72 B, is in the process of completing the drilling of wildcat well 16/7-11 on behalf of production licenses 72 B, 72 D and 72 E. This is the second exploration well in production license 72 B. The…
If you're an old hand at major oil events you'll know that you're choice of clothing can be key to having a successful show. For those who are new, not having the right gear on can leave you shivvering in a technical session or baking hot on the exhibition floor…
Eni has laid claim to discovering the largest gas field in Egypt and the Mediterranean Sea and says the field could become one of the world’s largest natural gas finds. The Italian operator says the deepwater Zohr field could hold up to 30 Tcf of lean gas in place (or 5…
UK authorities have given the green light to one of the largest new field discoveries in the UK North Sea – Maersk Oil’s £3 billion (US$ 4.5 billion) Culzean development. The project has been welcomed as a “clear signal the North Sea…
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…
Subscribe
