Offshore drilling rig operators have put a positive spin on the tough market conditions, suggesting that the downturn could improve the global fleet and offer opportunities to buy distressed assets. Seadrill CEO and President Per Wullf said while…
The UK’s new offshore oil and gas regulator is to require the top 20 North Sea operators by volume to present stewardship plans by April, as part of a string of actions to turnaround the industry published yesterday (25 February). Stewardship…
Petrotechnics has completed the implementation of its Proscient software platform on two UK offshore assets operated by Nexen Petroleum UK, a wholly owned subsidiary of China National Offshore Oil Corp. The platform will play a key role…
Statoil and Rocksource entered into a sale and purchase agreement (SPA) for the PL 602 license in the Norwegian Sea, in which Statoil will acquire Rocksource’s 10% interest. PL 602 is located immediately west of Statoil’s Aasta Hansteen…
Santos and INPEX were awarded two exploration permits offshore Western Australia. Image from INPEX. Blocks WA-513-P and WA-514-P are located about 500km north-northeast of Broome and cover areas of 335sq km and 415sq km…
Wood Group appointed Michele McNichol to the position of chief executive officer (CEO) for Wood Group Mustang (WG Mustang), effective immediately. McNichol succeeds Steve Knowles, who will retire from Wood Group on 1 April 2015. McNichol…
First production from the Greater Stella Area development in the UK North Sea has hit a further set back as delays continue on the project's floating production facility. Operator Ithaca Energy said the rate of progress of modifications…
Oil and gas services provider Petrofac has agreed to form a strategic marketing alliance with McDermott International in the deepwater, subsea umbilicals, risers and flowlines (SURF) sector. Under a Memorandum of Understanding (MoU), the two will form a five-year alliance…
Norwegian drilling contractor Odfjell Drilling has sunk into the red and suspended 2014 dividents after taking a major write-down on its Deep Sea Metro assets. The firm's US$27 million loss comes despite the firm today (25 February) also announcing a large contract win on the giant $15…
Saipem awarded Schneider Electric a contract to design, fabricate and pre-commission two E-House modules, fully-integrated technical buildings, to support the Total E&P Angola-operated deep offshore Kaombo FPSO project. Located 260km offshore Luanda in water depths ranging from 1400-1950 m…
INTECSEA has appointed JP Kenny director Dave Baker as Director of its UK operations. Baker (pictured) will officially join INTECSEA in April 2015, following more than 35 years' industry knowledge and expertise. His most recent role was Managing Director at JP Kenny…
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, entered into an agreement to farm-out a 30% working interest in PL338C to Lime Petroleum Norway. PL338C contains the Gemini prospect, which is currently being drilled with the Island Innovator rig…
UTEC was awarded the full survey services contract on the upcoming Technip Moho Nord EPIC project in West Africa. The project, operated by Total E&P Congo, is located approximately 75km off the coast of the Republic of the Congo, at water depths ranging from 650-1100 m…
Dutch contractor Jumbo has completed a contract for PetroSA installing a subsea MEG riser on the Ikhwezi development FA platform offshore South Africa. The contract was awarded by PetroSA on 5 December, offshore installation…
Maersk Supply Service show an illustration of its four new subsea support vessels, due to enter the market no later than 2017. The vessels are rated for advanced operations in water depths of up to 3000 m. They offer 1925 sq m of free deck space for equipment and cargo…
Subscribe
