SeaBird Exploration will use the Osprey Explorer for an upcoming ocean bottom seismic survey in Gulf of Guinea. The project is anticipated to start in late Q4 2016 and will have a duration of approximately two to three months.
Farstad Shipping and a company in the Siem Industries group have entered into a non-binding letter of intent for the financial restructuring of Farstad Shipping, with Siem or a fund managed by Siem as a key equity investor. In accordance with the letter of intent…
VNG Norge and its partners in PL586 will develop the Pil & Bue discoveries using a subsea installation tied back to the Njord A platform in the Norwegian Sea. Map of Pil & Bue, from VNG Norge. In…
The Oil and Gas Climate Initiative (OGCI) is making an investment of US$1 billion over the next 10 years to develop and accelerate the commercial deployment of innovative low emissions technologies. OGCI Climate Investments (OGCI CI)…
Statoil has appointed Jannicke Nilsson as its new executive vice president and chief operating officer (COO), taking over for current COO Anders Opedal, who will lead the development of Statoil’s growing and increasingly important operations in Brazil as new country manager…
Trelleborg is set to develop the next generation of buckling mitigation buoyancy technology with an award from Chevron to Trelleborg’s offshore operation to develop the patented technology, which includes the design and qualification of this new buoyancy product…
Subsea 7 has awarded Van Oord two contract for the construction of a landfall and the execution of subsea rock installation works for BP’s West Nile Delta project, offshore Egypt. West Nile Delta comprises the development of a series of gas fields…
Statoil has awarded contracts to the FMC Technologies and Technip joint venture Forsys Subsea, and to Aker Solutions for its Trestakk field development that is scheduled for start-up in 2019, offshore Norway. Illustration of the Trestakk field…
Maersk Supply Service has launched a new Integrated Solutions business that will support the company’s ambition to become a leading integrator of marine services and solutions for the energy sector. With vessel operations remaining the core business…
The Petroleum Safety Authority (PSA) has granted Statoil consent to drill an exploration well in block 6608/10 with an option for a sidetrack. Statoil is the operator of development license 128. The exploration well will be drilled in a prospect named Cape Vulture…
Statoil awarded Coast Center Base (CCB) a contract for the reception and preparation of the two new category J rigs for Statoil: Boots and the Cinderella. The rigs are being built at the Samsung Heavy Industries shipyard in South Korea and are expected to the delivered in Q2 2017…
Ecosse Subsea Systems (ESS) is investing up to US$3.7 million (£3 million) in developing a water-jetting tool, which has the potential to double trench production rates in seabed trenching operations. Image of Cowie…
After some rough starts, Mexico’s energy future might be headed in the right direction. Mexico’s upcoming deepwater round and the state owned oil firm Pemex’s upcoming joint ventures were up for discussion at a recent event held by Rice University’s Baker Institute…
Keppel Corp. has entered a deal with fellow Singaporean company, KrisEnergy, to invest up to US$101 million (S$140 million), and raise its stake in the oil and gas company. Image from KrisEnergy…
Capital investment in the oil and gas industry in Sub-Saharan Africa has been cut by US$100 billion over the next five years, according to Wood Mackenzie's latest report on upstream activity in the region. Major oil companies are heavily…
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