MacGregor introduced the 3D Motion Compensator (3DMC), a flexible retrofit device, which is designed to enhance the load-handling precision of an offshore crane even in challenging sea states. 'MacGregor's standard active heave-compensation (AHC)…
IKM Cleandrill has been awarded a three-year frame agreement with AkerBP for riserless closed loop mud recovery services. The initial operations under this contract will be production well drilling on the Alvheim development from the Transocean Arctic semisubmersible rig…
Carnarvon has updated resource estimates for the Roc, Phoenix, and Phoenix South areas in the WA-435-P and WA-437-P permits, offshore Australia. “Our resource estimates are based on the successful drilling results to date and a foundation…
French seismic firm CGG has awarded Eidesvik two contracts for the seismic vessels Vantage and Veritas Viking. The contracts, scheduled to start in January 2017, are 180 days firm each, with further options available. The Vantage…
Petrobras completed the first well in the Santos Basin’s Libra pre-salt field last week, with the anticipation of starting production next year, connected to the Pioneiro de Libra floating production and storage offloading (FPSO) unit. The West Carina…
Woodside Petroleum's board of directors has appointed former Australian politician Ian Macfarlane as an independent non-executive director, effective 14 November. Woodside chairman Michael Chaney said Macfarlane is held in high regard…
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing. In this context, Douglas…
Engineering, technical and business services organization Lloyds Register has acquired RTAMO, a software-enabled consultancy based in Aberdeen which provides data-driven solutions designed to reduce maintenance costs for asset owners. Murray Douglas…
Partners on the Chinguetti oil field offshore Mauritania are considering options for its decommissioning. Production on the field, which is produced via the Berge Helene floating, production storage and offloading vessel (FPSO), is expected to end next year…
Start up on the Stella field will mark a step-change in operator Ithaca Energy's business, the firm said this morning. First oil on the field, due at the end of this month, will see the firm's production more than double to 20-25,000 boe/d and unit operating costs drop to under US$20/boe…
Statoil has confirmed to the Oil and Gas Authority that it will drill a well on the Verbier prospect in the North Sea, in summer 2017, according to partner Jersey Oil & Gas. Jersey says the prospect, which is in production license 2170…
North Sea intervention firm Altus Intervention has won a fixed term, five-year contract to provide well intervention services for Maersk Oil UK. Altus Intervention was awarded the contract for the provision of slickline services, coiled tubing services…
Italy's Fincantieri has offered to buy out all the shares in shipbuilder Vard. Shipbuilding group Fincantieri, which is listed in Italy and is currently the majority shareholder in Vard, with 55.63% of shares, is offering S$0.24 a share in cash for Vard…
Premier Oil's Solan field, west of Shetland, was shut-in over concerns about safety on the what was designed to be normally unmanned facility. The Solan oilfield came onstream in April this year. The to be normally unmanned facility…
Mitra Energy, via its subsidiary Jadestone Energy, has acquired the producing Stag oilfield, offshore Australia, from Quadrant Northwest and Santos Offshore. The move sees the firm become a producer for the first time. The Stag oilfield…
Subscribe
