Russia's largest oil producer Rosneft said on Tuesday its oil production had declined due to a decision by oil pipeline monopoly Transneft to reduce intake of oil due to a contaminated oil issue.It said Transneft had imposed a 'significant'…
Norwegian oil and gas company Vår Energi and compatriot offshore support vessels provider Simon Møkster Shipping AS have agreed to extend the charter of the Stril Luna platform supply vessel (PSV).A press release from Simon Møkster said that…
UK-based offshore equipment rental company Hiretech Limited has appointed Keith Mackie as Managing Director, with current Managing Director and company founder Andy Buchan taking on the newly created role of Chief Executive Officer.Mackie has…
Aker Energy Ghana, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, has entered into an agreement to issue $100 million of convertible subordinated bonds to Africa Finance Corporation (AFC).AFC also intends to take part in future capital market activities…
Norway-based Atlantic Offshore, a provider of safety and support at sea, announced that it has received contract extensions for three of its emergency response and rescue vessels (ERRVs).The Department for Environment, Food & Rural Affairs (Defra) UK has declared a 9 month option for Ocean Osprey…
Norwegian shipping company GC Rieber Shipping has been awarded a six-month charter for its Construction Support Vessel Polar Queen.The operator of offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions…
Subsea services specialist Sapura Brazil has signed a five-year optimized maintenance agreement with Wärtsilä.As per the agreement the the Finnish tech major will support Sapura’s fleet of six pipe-laying support vessels' (PLSV) operational…
Activity in the floating production sector has not been slowed by the recent volatility seen across global oil markets, according to a recent report by World Energy Reports (WER).Brent oil, which had reached as high as the mid $70 range earlier this year…
After painstakingly plying Petrobras for years, Norway’s offshore supplier-contractors and their halo of sub-suppliers are again earning big Brazilian orders en masse, as the BRIC country’s untapped reserves compel the national oil company to buy — and borrow — Norwegian…
Subsea services group Acteon announced on Monday it has acquired Proserv’s field technology services (FTS) business unit, including its surveying capability. The exact terms of the transaction were been disclosed.The services and facilities of the FTS business…
Technology company ABB said it will support Norwegian oil and gas producer OKEA in an effort to achieve productivity gains using agile and dynamic business models, looking at areas such as autonomous operations, digital solutions and advanced services…
A recent subsea survey project in the Black Sea has scanned for ancient shipwrecks and other archaeological treasures ahead of future oil exploration in the area.UK based services firm James Fisher Marine Services (JFMS) said it completed the…
Services firm Archer announced on Monday it has been awarded a contract with integrated oil and gas company OMV for the provision of drilling services using the modular drilling rig (MDR) Archer Emerald, including associated services, materials…
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.Equinor agreed to sell about 54.5 million Lundin shares at a price of 266…
A second Turkish ship planning to drill for oil and gas off Cyprus arrived off the Mediterranean island's northeastern coast on Monday, triggering a strong protest from Nicosia of an infringement by Turkey of its sovereign rights.Last month…
Subscribe
