India’s Reliance Industries has elected to terminate its contract with Transocean for the Discoverer India ultra deepwater drillship at the end of the year. The rig provider announced Reliance’s exercise to its contractual option to terminate the effective December 2016…
Emerson has agreed to acquire UK-based Permasense Ltd., a provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries…
Transocean has won a contract for the Transocean Barents harsh environment, ultra deepwater floater with Suncor Energy, offshore Canada. The 15-month contract has been set at a dayrate of US$260,000. The estimated contract backlog, excluding mobilization is $119 million…
ROVOP, an independent subsea remotely operated vehicle (ROV) service provider, has expanded its fleet of ROVs for the US region by taking delivery of a Seaeye Leopard electric work class ROV. The ROV will be added to ROVOP’s existing capability at its Houston base…
Hydraulic cutters and systems provider Allspeeds, the designers and manufacturers of Webtool, has developed a compact remotely operated vehicle (ROV) cut loop cutter for emergency activation of a blowout preventer (BOP). The Webtool cut loop…
Jakob Stausholm resigned from his position as member of the board of directors in Statoil with immediate effect, to avoid potential conflicts of interests following his new appointment as CFO of the Maersk group. Stausholm takes up his new position on 1 December 2016…
Wreckage from the Chevron helicopter crash has been found, along with one of the missing persons from the deadly accident that occurred last week. Image from iStock. According to Chevron subsidiary Cabinda Gulf Oil Co…
In this video, Statoil shows a timelapse of installation work at Aasta Hansteen conducted by Subsea 7. Pipelines, risers and spools were installed and hooked up to subsea templates and umbilicals that were installed last year. The…
The National Offshore Petroleum Titles Authority (NOPTA) has received applications from Australian companies, Bass Strait Oil and Oil Basins, to surrender their joint interest in permit Vic/P41 in the offshore Gippsland Basin. Both parties…
Malaysia's MISC Berhad has launched arbitration proceedings against Shell to seek resolution on contractual disputes worth some US$245 million concerning the construction and lease of the Gumusut-Kakap semi-floating production system (Semi-FPS)…
Norwegian geoscience firm Spectrum has entered into an agreement with the administrator of the Dolphin estate to acquire the multi client 2D survey in Brazil Santos Campos and the 3D survey in Lebanon. The Norwegian entities of Dolphin…
The UK's new regulator, the Oil and Gas Authority (OGA), has now been established as an independent government company by the UK government. The move formalizes the transfer of the Secretary of State’s regulatory powers in respect of oil and gas to the OGA…
Dubai-based rig builder and engineering firm Lamprell's new CEO Christopher McDonald has taken up his role as firm enters 'challenging period.' James Moffat, who has been in the role of CEO since March 2013, has stepped down but will…
Aker BP has agreed to acquire interests in eight licenses from Tullow Norge, including 15% in the Centrica-operated Oda (previously known as Butch) discovery in PL 405 on the Norwegian North Sea. Aker BP - a new company formed from the…
BP is estimating that 95 tonne, equivalent to nearly 700 bbl, has been spilled into the North Sea as a result of a leak at the UK giant's Clair platform. 'Both direct observation from surveillance flights and oil spill modelling continue…
Subscribe
