Sembcorp Marine posted a 26% loss in its group revenue that resulted in the rig builder to cut about 8000 jobs amid the tough operating environment, the company revealed in its Q3 2016 and nine month results. Image of the Safe Zephyrus…
GranEnergia and Prumo Logística have formed the joint venture, Dome, to offer integrated service solutions for the oil and gas industry. Açu Port. Image from Prumo. Dome will be centralized in Açu Port in Brazil…
Statoil is cutting its contract short for Stena Drilling's Stena Don semisubmersible drilling rig, leading to about 180 job cuts. The Stena Don, from Stena Drilling. The rig has been on contract with Statoil since 7 February 2014…
Mexico’s national oil company Pemex has awarded French seismic firm CGG a major contract to deliver an orthogonal wide-azimuth integrated solution designed to optimize subsalt seismic imaging in the geologically complex deepwater of the Perdido area…
In this video, Fred. Olsen Windcarrier shows the installation of the first ever offshore wind farm in the US: Block Island. On 18 August, the Brave Tern jackup completed the installation of five GE Haliade 150-6MW turbines at Deepwater Wind’s Block Island Wind Farm…
Maersk Drilling is reducing its workforce at its Copenhagen headquarters by 70 in response to the continued market decline and reduced industry activity. Image from Maersk. The…
O3b Networks, technology solutions company RigNet and floating production service provider MODEC, have agreed to provide high-throughput, low latency connectivity for MODEC’s floating production storage and offloading (FPSO) vessels off the coast of Brazil…
Ulstein Design & Solutions and SeaOwls BV have formed a partnership to jointly develop the next generation self-propelled heavy lift jackup vessel. Image of van Leeuwen, Snijders. From Ulstein…
Aker BP's Ivar Aasen project has won approval to start production in early December from the Norwegian Petroleum Directorate (NPD), the agency announced today (24 October). Illustration of Ivar Aasen…
Huisman, a specialist in lifting, drilling and subsea solutions, secured a contract from Japan Marine United Corp. for the delivery of one 800-tonne pedestal mounted crane (PMC) and a contract from Jurong Shipyard for the delivery of one 100-tonne pedestal mounted offshore crane (PMOC)…
Dresser-Rand received an order from Egypt-based Belayim Petroleum Co. (Petrobel) for three model SGT-400 industrial gas turbines, including associated electrical generators. Petrobel, a joint venture formed by Italy-based Eni, and Egypt’s General Petroleum Corp…
Brazil’s Petrobras and France’s Total have entered into a strategic alliance for upstream and downstream activities in Brazil, that will expand internationally. Image of Pouyanné, from Total. Petrobras…
Santos is making its exit offshore Victoria after entering a deal with Cooper Energy to sell its South Australian natural gas assets for US$62.5 million (AU$82 million). Image from Santos. The…
Africa Energy has closed three deals giving it a 90% stake and operatorship of Block 2B offshore South Africa. The company paid US$1 million to Afren to acquire a 25% participating interest in Block 2B. It also paid $2 million and shares to acquire all of Thombo Petroleum's 34…
SeaBird Exploration has said it is to acquire a long-offset survey in Belize, starting mid-October 2016. SeaBird will use the Northern Explorer to acquire the survey and the anticipated duration of the program is three to four weeks. Seismic activity offshore Belize…
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