Daewoo Shipbuilding and Marine Engineering (DSME) delivered notices of arbitration regarding the construction contracts for Cat D-rigs to be delivered to Songa Offshore, according to Songa Offshore CEO, Bjørnar Iversen. In its 1Q 2015 interim financial report…
LR Senergy, an energy services company, unveiled its geological software solutions, IC, while exhibiting at the Society of Petrophysicists and Well Log Analysts (SPWLA) Annual Symposium in California. IC is a fully modularized package…
Halliburton’s 2Q 2015 results have the company in the red, with a 16% drop in its total revenue, compared to 1Q 2015, that the company says is due to the industry’s recent downturn. Image from Halliburton…
Chinese shipbuilder, SINOPACIFIC Shipbuilding Group won the bid for the construction of nine anchor handling tug supply (AHTS) vessels for Abu Dhabi National Oil Co. (ADNOC) and its wholly owned subsidiary, ESNAAD. The design that won the bid is the SPA80A…
Vallianz Holdings has chalked up another major string of contracts in the Middle East, taking its 2015 order book to over US$1 billion - a record for the fast growing firm. The latest contracts for Singapore-based Vallianz, which provides…
UK-based Cluff Natural Resources says it has made 'significant progress' on its plans for exploration drilling in southern North Sea licenses. The company was formed to exploit underground coal gasification (UCG), but it is also exploring for natural gas in the southern North Sea…
Seismic acquisition firm Polarcus has started a new 3D broadband multi-client project across the Mauritania-Senegal-Guinea-Bissau basin, offshore Northwest Africa. The project, supported by industry funding, will cover 1500sq km offshore The Gambia and is expected to run for 50 days…
Oil output at the giant Jubilee field has been constrained after gas output was suspended 3 July due to technical issues with gas compression systems on the floating production, storage and offloading (FPSO) vessel Kwame Nkrumah, says operator Tullow Oil…
Image: Heydar Aliyev/Maersk Drilling Maersk Drilling has been awarded a five-year contract extension for the semisubmersible Heydar Aliyev rig with BP Exploration (Shah Deniz) acting as operator of the Shah Deniz field…
The weak oil market is causing a restructuring at Wärtsilä’s Ship Power business that will result in rebranding the company and a loss of 600 jobs that will ultimately save Wärtsilä approximately US$43 million (EUR 40 million) annually. Image…
The Bureau of Safety and Environmental Enforcement (BSEE) inspected Shell’s drilling rigs for its US$1 billion Arctic drilling program, the Noble Discoverer, Polar Pioneer and the Fennica icebreaker vessel in Alaska. Pre…
atg UV Technology and Aberdeen-based subsea blowout preventer controls specialists Raisepower have designed a treatment solution that combined UV treatment and filtration to prove the effectiveness of UV disinfection in treating hydraulic fluids used for subsea BOP operation…
The International Association of Drilling Contractors (IADC), along with seven other oil and gas industry trade associations, submitted a joint letter today to the Bureau of Safety and Environmental Enforcement (BSEE) with comments on the…
Houston-based ConocoPhillips terminated its order for the recently delivered Ensco DS-9 deepwater drillship in concurrence to its plans to reduce future capital expenditures in deepwater exploration. The Ensco DS-9…
Wood Mackenzie has evaluated the competitive position of the three largest Russian oil and gas producers at US$60/bbl oil and their strategic action taken to date. In 2014, the Russian majors' share price performance was hit harder by…
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