Guyana's government information agency (GINA) reported that Minister of Natural Resources and the Environment Robert Persaud said that offshore exploration in areas being contested by neighbouring Venezuela is facing “some setbacks”. Responding…
DNV GL announced a road map to what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters, the regulatory agency announced on 17 July 2014. The document called “Verification…
Cameron has introduced its new Mark IV system, featuring a redundant, three point-of-distribution (POD) design as an option for its subsea BOPs. Conventional subsea BOP control systems use a two-POD design, providing a single spare if the primary control POD becomes unavailable…
London-based independent Tullow Oil agreed to acquire up to 40% interest in the Cooper block, block 2012A, in the Walvis basin offshore Namibia, Eco (Atlantic) Oil & Gas announced on 17 July 2014. The terms of the farm-in includes Eco…
Tecnitas, the marine advisory arm of international classification and verification group Bureau Veritas, has launched a major new technology simulation system for pipeline damage assessment, in collaboration with Total. Empreinte allows…
Trinidad and Tobago’s Trinity Exploration signed an agreement with Centrica to acquire the British company’s 80% interests in two offshore blocks. Valued at approximately US$23 million, blocks 1a and 1b are located offshore the west coast of Trinidad…
Singapore's PACC Offshore Services Holdings Pte. Ltd. (POSH), Asia’s largest operator of offshore supply vessels, announced yesterday that Mexican conglomerate Grupo Pegaso has signed an agreement for vessels with POSH joint ventures in Mexico…
Det norske announced its 2Q 2014 financial results on 17 July. Among other financial highlights and activity, the company discussed its agreement to acquire Marathon Oil Norge for US$2.1 billion. Announced 2 June 2014, the transaction is expected to close 4Q 2014…
Wärtsilä and China State Shipbuilding Corporation (CSSC) signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory will be located at Lingang…
Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of NOK330 million. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)…
High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte. The firm’s Petroleum Services Group…
Dallas-based Hunt Oil is planning to drill at least one offshore Benin, Africa. Well services firm AGR has been awarded a contract to provide the well project management services for the drilling, with one firm well and an option for a second…
SPE names D. Nathan Meehan, Baker Hughes senior executive adviser, as its 2016 president. Meehan, who is based in Houston, Texas, will take office as president-elect on 29 October 2014 at the close of SPE’s Annual Technical Conference and Exhibition in Amsterdam…
For the first time ever, a female Brazilian engineer will receive the highest global petroleum engineering award, presented by the Society of Petroleum Engineers (SPE), Petrobras announced on 17 July. Petrobras CEO Maria das Graças Silva…
Black Elk Energy Offshore Operations announced they have entered into a purchase and sale agreement with Renaissance Offshore, a privately held Houston based oil and gas company. Under the agreement, Renaissance will acquire interests in nine fields in the Gulf of Mexico…
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