Fugro Venturer. Image from Fugro. With a maiden voyage that takes her to the deepwaters of Ireland’s Atlantic margin and the far North of the Barents Sea, the Fugro Venturer is the newest of Fugro’s successful purpose-designed…
Danish drilling rig operator Maersk Drilling has said it doesn't expect to see significant improvements in offshore rig demand until oil prices stabilize above US$60/bbl, or until drilling costs adjust to a lower oil price. 'With the excess supply…
Engineering company Monadelphous Group has been awarded a major, long-term offshore maintenance services contract for Inpex Operations Australia associated with the Ichthys LNG project. The contract is for an initial six years with a further two…
The Ichthys Explorer, the Inpex-operated Ichthys LNG project’s central processing facility (CPF), sailed away from its construction site in Geoje, South Korea in route to the Ichthys field offshore Western Australia, following the completion of shipyard commissioning and preparation work…
Recent rig count data suggests that there are no big moves over or under for offshore rig counts from February through end of March 2017. Baker Hughes released its latest US rig count numbers on Friday, 31 March, showing an increase of four units over week ago…
All eyes may be on Guyana, but there’s plenty of other countries worthy of attention in South America. Audrey Leon surveys the current spike in exploration activity in the region. Image from Anadarko Petroleum’s Q4 Operations Report…
Inpex held double naming ceremonies at two South Korean yards for the FPSO and CPF related to the Ichthys LNG project, following the end of construction of both facilities. At Daewoo Shipbuilding and Marine Engineering (DSME) shipyard…
Investment costs for the Culzean project are now forecasted to be around US$4 billion, a reduction of about $500 million on the estimate at project sanction, said Gretchen Watkins, CEO, Maersk Oil at the Maersk Group Capital Markets Day in Copenhagen…
Maersk Drilling and National Oilwell Varco (NOV) have entered into a five-year partnership to improve maintenance predictability for drilling equipment. The shared vision behind the partnership is to implement a new maintenance mind-set which…
Total E&P Uruguay awarded Fugro a contract to support its drilling campaign offshore Uruguay. The contract provides for ROV and tooling services in the Raya-1 prospect in 3400m water depth. Fugro is supplying two state-of-the-art 200hp FCV 4000D work-class ROV systems and subsea tooling…
Otto Energy and partner Red Emperor received approval from the Philippines Department of Energy for a two-year moratorium on required work activity under Service Contract 55, offshore the Philippines following failed attempts to find commercial discovery at Hawkeye…
Faroe Petroleum has started drilling on the Brasse exploration well in the Norwegian North Sea. The well, 31/7-1, is immediately south of the producing Brage oil field (Faroe 14.3%) and, if successful, could be tied-back to the Brage facilities or alternatively to other nearby installations…
Ultra-deepwater exploration on the Atlantic margin could be the opportunity the offshore industry is looking for, according to geoscience firm Spectrum. Elaine Maslin reports. Maersk Venturer drillship…
This year, the deepwater drilling record could be broken not just once, but twice, breaking the last record, set back in 2013. Elaine Maslin takes a look. Total’s Raya-1 well is due to be drilled offshore Uruguay using Maersk Oil’s ultra…
Fabrication of the billion dollar topsides destined for the Maersk Oil operated US4.5 billion UK North Sea megaproject, Culzean has started. A steel-cutting ceremony for the first of the three topsides modules took place at the Sembcorp…
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