In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning…
Private equity backed UK explorer Azinor Catalyst has completed a site survey ahead of drilling on the Partridge prospect in the Outer Moray Firth in the UK North Sea. The survey was conducted by Gardline Geosurvey using its MV Sea Explorer…
Seadrill reached a US$170 million settlement agreement with Hyundai Samho Heavy Industries (HSHI) in relation to the West Mira arbitration. Seadrill said it receive a cash payment of $170 million this month as full settlement of the dispute…
TGS expects to begin a new multi-client acquisition project, Carlsen 3D in Barents Sea, Norway, in April 2017. Carlsen 3D is a 5490sq km multi-client survey in open acreage located in the southwest Barents Sea between the Tromsø and Sørvestnaget Basins…
Mexico’s National Hydrocarbons Commission (CNH) finalized seven deepwater Gulf of Mexico contracts, as part of the country’s Round 1.4 held last year. Image of Mexico’s Energy Secretary Pedro Joaquín Coldwell…
The Hoang Long Joint Operating Co. resumed the 2017 Te Giac Trang (TGT) drilling program, offshore Vietnam, according to partner SOCO International. The Te Giac Trang Field of Block 16-1, is in the shallow water Cuu Long Basin, offshore southern Vietnam…
Aqualis Offshore has been contracted by Aibel to conduct human factors analysis for a number of the EPC (engineering, procurement and construction) contractor’s ongoing projects on the Norwegian continental shelf. Under the contract,…
READ Cased Hole (READ) has been awarded a multi-country award in the UK, Ireland and Norway, to provide all cased hole logging services and analysis within scope of supply for Shell’s operations in these regions. Shell, who is keen to…
Subsea 7 has taken over Seaway Heavy Lifting following the purchase of 50% stake from K&S Baltic Offshore (Cyprus) Ltd., in a move that will increase its position in the renewables, heavy lifting and decommissioning markets. Image…
Seadrill has secured a one-well contract with Total E&P Cyprus B.V. for the West Capella, offshore Cyprus. The contract is expected to start in 2H 2017 and backlog, estimated at 50 days, is expected to be approximately US$10 million. The…
WorleyParsons signed a long term multi-regional agreement with US supermajor Chevron for global engineering and procurement services. The scope of the agreement allows use in all engineering phases of Chevron’s capital project program from conceptual engineering to final design…
Wood Group has won two separate contracts related to BP’s Mad Dog 2 project to provide engineering services to the deepwater project in the Gulf of Mexico. Mad Dog 2 illustration, from BP. Samsung…
Engineering house Wood Group has made a US$2.72 billion (£2.22 billion) offer for rival Amec Foster Wheeler in a move that could spark further consolidation in the market. The takeover bid comes just three years after Amec's 2014, $3…
Amec Foster Wheeler was awarded a major contract by Brunei Shell Petroleum (BSP) for the rejuvenation of assets in Brunei. The work includes concept, front-end engineering design (FEED), detailed design, construction, completions and commissioning…
DOF Subsea has been awarded a contract in the Atlantic region for the mooring installation of a floating production and storage offloading (FPSO) unit on the UKCS (North Sea). DOF Subsea will deploy the Skandi Skansen along with a…
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