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Pilenko: Technip saw downturn coming

Nov 03, 2015

Technip CEO Thierry Pilenko. Photo from Technip. “We are in an environment where something was broken.” It’s a harsh summary but one few would dispute. Nor would many now…

Goliat FPSO mooring lines installed

Nov 03, 2015

Image: Eni Goliat illustration overview/Eni Lankhorst Ropes Offshore has overseen the installation of the mooring ropes for the Goliat FPSO (floating production storage and offloading) for Eni Norge…

Farstad gets GoM subsea contract

Nov 03, 2015

Image: Far Sentinel/Farstad Shipping Farstad Shipping has been awarded a three-year contract with up to three years options for CSV Far Sentinel by Subtec de C.V. for delivery of light construction work…

Delmar announces R4 grade subsea connector

Nov 03, 2015

Delmar Systems has announced the availability of an R4 grade subsea connector for high MBL mooring systems. The Delmar subsea connector (DSC) with R4 grade metals increases load capacity by up to 2400 kips from the former R3 version. The…

Searcher starts 2D off PNG

Nov 03, 2015

Image: PNG seismic/ Searcher Seismic Searcher Seismic has announced the Haere 2D Seismic Survey offshore Papua New Guinea (PNG). The survey, in cooperation with the Department of Petroleum and Energy (DPE) and project partner BGP…

Stone in Q3 loss, to cut jobs in Q4

Nov 03, 2015

As Stone Energy reported a net loss of US$8.4 million in Q3 2015, the company’s operations in the Gulf of Mexico are moving full steam ahead, with exception of the decision to shed a minority stake in one non-operated project, in addition to cutting some of its workforce in Q4…

Ororo drilling gets approval

Nov 03, 2015

Nigeria’s Department of Petroleum Resources (DPR) granted approval to partners Guarantee Petroleum, Sirius Petroleum, and Owena Oil & Gas to drill the proposed Ororo-2A well on the Ororo Field offshore Nigeria. The Ororo Field is located within OML 95…

Blink well disappoints but Faroe on track

Nov 03, 2015

VNG Norge’s Blink well in the Norwegian Sea has failed to find hydrocarbons, according to partner Faroe Petroleum.  Image from VNG Norge. The well, 6406/12-5S, was drilled 27km…

Statoil moves on UK floating wind park

Nov 03, 2015

Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The decision triggers around NOK2 billion investment, realizing a 60-70%…

Knock-for-knock clauses may not always be what they seem

Nov 03, 2015

The contractual regulation of liability through knock-for-knock clauses has been an important feature of North Sea offshore contracts for many years. But a recent judgment by the Norwegian Court of Appeal demonstrates that the agreed liability…

Israel puts Leviathan on fast-track

Nov 02, 2015

Shortly before Houston-based Noble Energy released its Q3 2015 earnings, Israeli Prime Minister Benjamin Netanyahu said that the country intends to fast-track natural gas development, especially now that the country’s economic minister, Aryeh Deri…

Eye on the industry

Nov 02, 2015

OE spoke with Scott McIntyre, Project Manager, Technip UK, to find out his thoughts on the oil and gas business and his advice for young professionals. McIntyre. OE: How did you get into oil and gas…

Cyberhawk ROAV inspects FPSO

Nov 02, 2015

Cyberhawk Innovations completed its first ROAV inspection of a cargo oil tank on an operational floating, production, storage, and offloading (FPSO) vessel.  The inspection took place on board the Gryphon FPSO, owned and operated by Maersk Oil in the UK North Sea…

Petrobras dumps Diamond rigs

Nov 02, 2015

Amid positive Q3 results, Houston-based Diamond Offshore is sending one of its vessels to the scrap yard after Brazil’s Petroleo Brasileiro (Petrobras) cut contracts short for two of its vessels, resulting in an extension for another contract…

Ophir in dry Thai well

Nov 02, 2015

Ophir Energy came up dry at the first well of its two-well drilling campaign in Block G4/50 offshore Thailand.  The G4/50-10 well in located on the Soy Siam prospect, which commenced drilling using the Emerald Vantage jackup rig in October and reached a total depth of 1627m…

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