Offshore drilling solutions provider AGR Enhanced Drilling (AGR ED)has further secured its position in the Caspian after BP signed a two-year contract extension with the Norwegian company. The contract was signed by BP Exploration (Caspian Sea) Ltd…
Actuant Corp. to acquire Viking SeaTech (Viking). The purchase is subject to customary regulatory approvals and closing conditions, and is expected to be completed within 45 days. The US$225 million purchase price will be funded from the Actuant Corp…
China National Offshore Oil Corp. (CNOOC) signed production sharing contract (PSC) with Shell China Exploration and Production for Block 35/10 in Yinggehai Basin, west of the Hainan Island, China, in the South China Sea. Block 35/10 covers a total area of 3…
Keppel FELS delivered a KFELS B Class jackup rig, to privately-owned Mexican company Constructora y Perforadora LATINA (CP LATINA). The jackup rig was named La Santa Maria at a ceremony in Keppel FELS on August 2. The rig, which is can operate in water depths up to 400ft and drill down to 30…
COSCO Corp. Ltd. has been active completing vessels and signing new construction contracts. The company announced that COSCO (Qidong) Shipyard Co., Ltd has delivered the jackup barge, IB914, and the transportation barge, IB924, to an Australian company…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…
Newly released remotely operated vehicle (ROV) statistics from the International Marine Contractors Association (IMCA) show there has been an increase of members’ ROV-based construction, drill support and cable-laying activities since IMCA started collecting figures on a worldwide basis in 2009…
Hamilton, Bermuda-based Seadrill Ltd. has entered into contracts to build two high-specification, jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during Q2 and Q3 2016…
Severn Glocon Group acquired HPHT company, Calidus Engineering. Now renamed Severn Subsea Technologies Ltd., the company will provide research, development and test facilities to enhance Severn Glocon’s subsea valves capability. A former subsidiary of Badger Explorer (Norway)…
EPC Offshore was acquired by Costain, one of the UK's Tier One engineering solutions providers. The deal marks the launch of Costain Upstream, a new divisional operation combining EPC Offshore’s capabilities with ClerkMaxwell, the oil…
TGS announces three new multi-client surveys; a 3D survey in UK West of Shetlands and two 2D surveys offshore Newfoundland-Labrador. Rona Ridge 2013 (RR13) is a 2,420 km sq 3D survey that will provide the industry's first 3D data in the highly prospective UK West Shetland Basin…
US Bureau of Safety and Environmental Enforcement (BSEE) Director James A. Watson will step down to join maritime class society ABS as its president and chief operating officer (COO) of the Americas Division, effective September 2013. Chevron North Sea Ltd…
Maersk Oil launched the web-only video game Quest for Oil early this summer with the aim of making the oil and gas industry more accessible. OE discusses the strategy behind the game with CEO Jakob Thomasen. Maersk Oil launched the video game…
Vallourec inaugurated a new research center in Rio de Janeiro, due to open in October. The center, located next to Petrobras’ CENPES, will focus on Vallourec’s pre-salt activities, with the support from Vallourec’s center in Belo Horizonte…
GE Oil and Gas will establish its new global headquarters in London, which it expects to be operational by January 2014. Florence will remain the global headquarters for GE Oil & Gas’ Turbomachinery Products and Services. “London was selected…
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