Weatherford International has appointed Christoph Bausch as executive vice president and chief financial officer (CFO), effective 13 December 13. Bringing many years of financial and operational management experience, Bausch joined the…
As a result of a significant Fugro technology achievement, users of its G4 satellite correction service will be among the first in the world to benefit from Galileo’s much anticipated “initial services” launch, the company said. The launch…
A sustained low oil price environment has led to a large number of delayed maintenance activities as operators continue to look to reduce costs wherever possible. The offshore maintenance, modifications and operations (MMO) market experienced…
A new “think tank” has been launched to explore ways of tapping remaining gas supplies in the Southern North Sea. The SNS Rejuvenation Special Interest Group will look at ways of getting energy from reserves previously considered too tricky and expensive to exploit economically…
US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…
North Sea explorer Independent Oil and Gas has seen an increase in resource estimates on two southern North Sea prospects, Elgood and Harvey, following 3D seismic reprocessing work. Harvey, initially thought to be one discovery and a nearby prospect are now thought to be linked…
Three Japanese companies have agreed on a project to jointly explore for oil and gas southwest of Sakhalin Island, working with Russia's Rosneft. The firms, Japan Oil, Gas and Metals National Corp. (JOGMEC), Inpex Corp and Marubeni Corp…
Aker BP extended the charter of the Safe Zephyrus semisubmersible accommodation vessel at the Ivar Aasen project in the Norwegian sector of the North Sea. The 10-day option extends on site operations through January 2017 and has a total value of about US$1…
Norway's Aibel has been awarded a front-end engineering and design (FEED) study for modifications on the Snorre A facility in connection with Statoil's Snorre Expansion project in the Norwegian Sea. The contract also has an option for the actual implementation phase…
Nine offshore workers are missing and one has died following an accident offshore Azerbaijan, just over a year after dozens were lost in a previous tragedy. High winds of 41m/s caused a 150m high part of the pier on the right and left sides of the oil gathering station of the No…
Norvestor VII L.P. and Norvestor VII OS L.P., funds managed by Norvestor Equity, has signed an agreement to invest in Aberdeen-based READ Cased Hole, an independent provider of production logging and well integrity evaluation services. “In READ Cased Hole…
Wärtsilä will provide extensive technical support and advisory services for Singapore-based large cutter dredger Cassiopeia V. The five-year technical management agreement includes dynamic maintenance planning (DMP) and is complemented by…
CS Wind will build a new offshore tower manufacturing facility in Campbeltown, Scotland as a result of a multi-million-dollar investment from DONG Energy. This investment will give DONG Energy preferred access rights to towers for its offshore wind farms…
Stone Energy and its domestic subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the US code, the bankruptcy code, in the US Bankruptcy Court for the Southern District of Texas to pursue a pre-packaged plan of reorganization…
Flexible Engineered Solutions International (FES), a supplier of fluid transfer systems to the oil and gas offshore industry, has developed the CALM Buoy Swivel for a major manufacturer of marine equipment, based in China. The CALM Buoy Swivel…
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