Mexico’s Comisión Nacional de Hidrocarburos (CNH) revealed that four companies have opted to withdraw from the country’s historic Round One in the southern Gulf of Mexico, according to a Reuters report. Image from Pemex…
Providence Resources agreed to acquire Atlantic Petroleum’s 4% stake in frontier exploration license (FEL) 3/04 in the southern Porcupine Basin offshore Ireland. As a result of the transaction, which is still subject to ministerial approval…
Saudi Aramco achieved a landmark by energizing its largest tie-in platform with a 46km-long, 230kV submarine composite cable, the longest of its kind. The tie-in platform, TP-20, lies in the world’s largest offshore oil field, Safaniya…
Saudi Aramco selected Houston-based McDermott International as one of the winners of a global competition for a new long-term agreement (LTA) for future brownfield work in various fields offshore Saudi Arabia. The LTA, which was signed on 10 June 2015…
Eni announced that Professor Luigi Zingales, an independent director and member of the control and risk committee and of the nomination committee, resigned from Eni’s board of directors. The board thanked Professor Zingales for his active contribution…
Wintershall Norge awarded DNV GL a US$1.2 million (NOK 10 million), five-year frame agreement for global inspection services for the its developments offshore Norway. The term of the contract is five years, with an option for two, two…
Seismic vessels are the lifeblood of global offshore exploration efforts. Jeannie Stell searches for bright spots in the current global market of seismic vessel activity. The Sanco Sword. From Dolphin Geophysical…
OneSubsea has won a front-end engineering and design (FEED) contract on the Browse FLNG development offshore Australia. Browse FLNG development concept is based on three FLNG facilities utilizing Shell’s FLNG technology and Woodside’s expertise to commercialize the Brecknock…
North Sea industry stakeholders have called on UK Chancellor George Osborne (pictured) to introduce additional measures to support the ailing oil and gas sector. The Chancellor is due to unveil his Summer Budget tomorrow (8 July). It…
MacGregor, part of Cargotec, has won contracts for its new lattice boom cranes (LBC) from Merkers Offshore, successfully negotiated and procured through Marine Commerce in Singapore. Four 20015-6045 LBC cranes will be installed on two…
AMP Capital and 3i Infrastructure plc (3i Infrastructure) have entered into an agreement to jointly acquire 100% of Danish company ESVAGT from Maersk Group. AMP Capital is investing approximately £109 million to acquire a 50% interest…
Heerema Zwijndrecht, one of the yards of Heerema Fabrication Group (HFG), has secured a contract from Oranje-Nassau Energie for the procurement and construction of a topside and jacket. It concerns an unmanned and sustainable satellite platform for the P11-E field…
Technip, in anticipation of further challenges in the oil and gas industry, launched a restructuring plan and accelerated its cost reduction plans to reinforce the company through and beyond the downturn, the French company reports. The company targets a savings of €830 (US$918) million…
Siem Offshore Contractors awarded JDR a subcontract to supply submarine composite power cables and related accessories as well as termination and testing services for the Veja Mate offshore wind farm. The project has been developed with the support of K2 Management as technical…
China’s national oil companies, Sinopec and CNOOC, want more interests in Brazil’s oil and gas assets, reports Seeking Alpha. The two companies bought into Brazil’s giant deepwater oilfields two years ago, and now seek to increase their holdings as Petrobras continues to sell assets…
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