Bibby Subsea will take delivery of its multi-functional subsea construction support vessel (CSV), the Olympic Ares, this month. The Olympic Ares. From Bibby Offshore. The 115m CSV…
Nexans' power umbilicals that integrate HV power supply and umbilical functions within a single cable cross-section were installed for the Chevron-operated Jack/St. Malo gas fields in the Gulf of Mexico. From Nexans…
Wood Group PSN (WGPSN) has been awarded a five year contract worth about $750million by BP for engineering, procurement and construction services on six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth…
Floating production and mooring specialists SBM Offshore is cutting 1200 jobs and relocating its headquarters from Monaco to Amsterdam, the firm announced this morning. SBM said: 'In light of market conditions and in order to optimize the company's cost base…
Private equity back exploration outfit EPSI has made a NOK6/share offer for the remaining shares of Norwegian exploration firm Rocksource, valuing the firm at US$82 million. EPSI, a HitecVision VII investment, initially increased its holding in Rocksource to 33…
EMGS and Seatrans signed an extended charter agreement for the EM Leader vessel. From EMGS. EMGS will charter the vessel for two years and has two options for a one-year extension…
The UK government gave consent for the Hornsea Project One offshore Yorkshire. Project One will be made up of three offshore wind farms with a maximum capacity of 1200MW and covers a 407km area located 64 mi. off the Yorkshire coast. Once built…
Total E&P Norge selected AVEVA to supply an asset visualization and information management solution for the Martin Linge on the Norwegian continental shelf (NCS). The Martin Linge. From Total. Built on the AVEVA NET software…
TAM International unveiled its new 22-in. casing annulus packer, or LongCAP. The new LongCAP was designed for a major international company and follows TAM’s recent design and qualification of a 22-in. port collar. Together, the LongCAP…
China National Offshore Oil Corp. (CNOOC) and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) signed three production sharing contracts (PSC) for Blocks 52/22, 52/26, and 63/13 located in the Yinggehai basin, in the South China Sea. According to the terms of the PSCs…
BP unveiled its long-term strategy and how it’s managing the company’s upstream business in a presentation to investors, including reducing capital spending by US$1-2 billion across the group, which could incur $1 billion in restructuring charges over the next five quarters…
Tendeka has secured a four-year contract extension with Statoil for the supply of sand-face completion equipment for the Troll field, as well as other fields under Statoil’s operation in the Norwegian Continental Shelf (NCS). The agreement will see Tendeka install up to 40…
The UK’s oil and gas industry workforce is expected to contract 9%, or by 35,000 jobs, between this year and 2019 according to a newly released report. Produced by professional services firm EY, for Oil & Gas UK, industry skills body OPITO and the Department for Business…
Maersk Oil spudded the Xana (Gita South) exploration well in license 9/95 on the Danish continental shelf, according to partner Norwegian Energy Company ASA (Noreco). The well is being drilled by the Noble Sam Turner jackup. The main target is upper Jurassic sandstones…
Total is changing things up by restructuring its exploration and production branch into five geographical divisions, an exploration division and five functional divisions. Image from Total. Changes…
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