The Research & Development Corp. (RDC) is investing US$4.9 million in a multi-purpose survey, support and research and development vessel to be stationed in St John’s. The total cost to design, build and operate such a vessel over a 10…
Austria's OMV says it is to delay projects, setting back its production targets, due to the 'rapid fall' in oil prices. CEO Gerhard Roiss said the fall in Brent oil prices by 58% since a high in mid-2014 represented a 'seismic shift' for the industry…
Noble Energy is in talks with officials in Cyprus over how to develop a gas field discovered in 2011, reports Reuters. The agency quotes Cypriot energy minister Yiorgos Lakkotrypis as saying discussions had also almost concluded with…
Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to survey and geotechnical services firm Fugro. The Dutch shipyard was responsible for the design, engineering and manufacturing of…
SAExploration has won contracts for ocean-bottom marine seismic data acquisition services collectively valued at about US$45 million. The company expects to execute the projects during Q2 and Q3 2015, using ocean-bottom nodal seismic…
Super major Shell is curtailing its spending by more than US$15 billion over the next three years and has futher options to reduce spending, the supermajor announced this morning, citing the dramatic, nearly 60% drop in oil prices over the past six months…
The International Well Control Forum (IWCF) launched a new training standard in drilling and well intervention for top achieving candidates and is urging operators to get involved. Image of Dave Price…
Karoon Gas Australia completed the down-dip side-track drilling of the Kangaroo-2 well, offshore Brazil. The Olinda Star. From Karoon. Kangaroo-2 is located in exploration Block S-M-1165…
A team of US and UK supermajors led by Chevron are exploring and appraising 24 jointly-help offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Image from BP. The deal between Chevron…
BG Group has signed a six-year global alliance with KBR to provide technical support, services (in both the pre-FEED and FEED stages), and project management expertise across BG Group’s global upstream portfolio. Under the agreement, which has options to extend up to 10 years…
Trelleborg Sealing Solutions’ (Trelleborg) new website, the Knowledge Center, will showcase best practice in sealing technology and aim to bridge the gap between design engineers’ needs and standard technology documentation, bringing useful information together as part of one digital portal…
Wärtsilä’s 6-cylinder Wärtsilä 34DF dual-fuel (DF) engines will be integrated into three large new escort tugs, with a customized gas storage and supply system, contracted by Norwegian operator Østensjø Rederi. The equipment is expected…
Russia's Gazprom has approved a new route for a gas pipeline across the Black Sea to Turkey. Gazprom had been due to build, in partnership with Eni, Wintershall and EDF, the South Stream pipeline, from Russia, across the North Sea, to Bulgaria and on to Italy…
Malaysia's Yinson Holdings has won a US$2.5 billion FPSO charter and operation contract with Eni on the deepwater Offshore Cape Three Points Block (OCTP), offshore Ghana. The contract, agreed between Eni and Yinson companies Yinson Production…
Maersk Drilling has taken delivery of its third ultra harsh environment jackup, XLE-3, from the Keppel FELS shipyard in Singapore, ahead of schedule. The rig (pictured) will start her mobilisation to the Norwegian North Sea late February…
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