Bumi Armada has suspended the bare-boat charter (BBC) and operations and maintenance (O&M) contracts on the FPSO Armada Perdana to Erin Energy Corp. due to delayed and irregular payments. The deals are between Bumi Armada’s wholly owned subsidiaries Armada Oyo Ltd…
Legeneering Australia was awarded a key, long-term offshore maintenance services contract for Woodside-operated floating production storage and offloading facilities (FPSO). The contract is for an initial period of five years with a further two extension options of one year each…
Marathon Oil has submitted to the UK Department for Business Strategy and Industrial Strategy a consultancy draft of plans to decommission its Brae Alpha, Brae Bravo, Central Brae, West Brae and Sedgwick offshore facilities. Brae Bravo…
The spar between Woodside Petroleum and Far Ltd. continues, as Woodside says arbitration proceedings filed by Far have no merit. Woodside CEO Peter Coleman. Woodside backed up…
Norway’s Ministry of Petroleum and Energy today (21 June) announced it will offer 102 Norwegian Continental Shelf blocks for bidding in the 24th licensing round. Nine blocks in the Norwegian Sea and 93 blocks in the Barents Sea will be offered…
DNV GL has won a contract to provide independent verification services for the Maersk Oil redevelopment of the Tyra field, offshore Denmark. Tyra. Image from Maersk Oil. The contract will be coordinated by DNV GL in Denmark…
Maersk Drilling is bringing back the Maersk Resolve high efficiency jackup into operation after being warm stacked for a one-well deal offshore UK for Wintershall Noordzee. Maersk Resolve. From Maersk Drilling…
Norwegian authorities have approved Statoil’s estimated US$2.3 billion (NOK20 billion) plan of development and operation (PDO) for the Njord and Bauge fields in the Norwegian Sea. Source: Statoil Statoil…
LAGCOE has announced the LAGCOE Looey 2017 as Don Briggs, founding member and president of the Louisiana Oil and Gas Association. Image of Briggs, from LAGCOE. LAGCOE Looey is…
If one thing is certain, it’s that oil prices fall, rise, and then fall again and that the dynamics driving prices are complex and will change faster than we might expect. Image from UTC Twitter…
Anadarko Petroleum today (20 June) said it had completed the evacuation of all non-essential personnel from its Gulf of Mexico facilities ahead of Tropical Storm Cindy. The company started pulling workers from offshore facilities the afternoon of 19 June…
Italy-based exploration and production firm Eni has inked a memorandum of understanding (MoU) with the National Iranian Oil Co. (NIOC) to study the offshore Kish natural gas field. Eni has been given six months to submit a proposal outlining plans to boost recovery from the fields…
Map of Senegal acreage, from Far. Far Ltd. made a request today (20 June) to the International Chamber of Commerce in Paris to start arbitration proceedings to resolve the current…
Dyna-Mac has secured two fabrication projects for a provisional sum of US$30 million from two new customers. The group has been awarded a contract by Cameron Solutions Inc., a Schlumberger company acting through its Process Systems Group…
Barakah Offshore Petroleum Berhad’s wholly-owned subsidiary PBJV Group won a US$14.28 million contract from Samling Resources for the provision of well intervention vessel, support vessel and services for abandonment and decommissioning of Chinguetti and Banda field…
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