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Saipem, DESFA enter MoU

Apr 22, 2016

Saipem has signed a memorandum of understanding (MOU) with DESFA, the national natural gas system operator in Greece, for cooperation on onshore and offshore gas projects within the Balkans and Eastern Mediterranean regions. Saipem and…

CGG GeoSoftware updates VelPro

Apr 22, 2016

CGG GeoSoftware has released VelPro 9.5, a velocity modeling and depth conversion commercial software technology used by interpreters and velocity modeling experts to integrate seismic and well velocity information, horizons, faults, and well tops into velocity models…

Schlumberger cuts 2000 jobs, takes steep fall in Q1

Apr 22, 2016

Oil services giant Schlumberger has laid off 2000 employees as the company reports one of its steepest revenue declines since the downturn began, citing global activity decline and disruption that has reached unprecedented levels. Image…

Sandvik extends CT reach

Apr 22, 2016

Sandvik will offers weld-free coiled tubing in lengths exceeding 1000m. The first 1010m coiled tube reel is to be symbolically delivered on 10 October 2016 for a demanding offshore oil and gas customer. To meet a growing need for coiled tubing in very long lengths…

NOIA elects new leadership

Apr 22, 2016

The National Ocean Industries Association (NOIA) board of directors has elected Kevin McEvoy as chairman and Dave Welch as vice chairman for the upcoming 2016-2017 term. McEvoy and Welch assumed their positions at the NOIA Annual Meeting in Washington…

New Wild Well tool completes GOM P&A

Apr 22, 2016

Wild Well Control’s DeepRange tool, in conjunction with its 7Series riserless intervention system, has successfully performed full plug and abandonment operations on four subsea wells in the Gulf of Mexico. These wells are a part of a larger…

Quadrant in Outer Barrow discovery

Apr 22, 2016

Quadrant Energy has encountered natural gas at its Davis-1 near-field exploration well, off the coast of Western Australia, according to joint venture partner Santos. Davis-1 is located some 12km from the existing John Brookes platform…

Petronas close to Suriname drilling

Apr 22, 2016

Malaysian state oil firm Petronas is due to start drilling offshore Suriname next month, the country's state oil firm says.  Staatsolie says Petronas, with partner DEA, a German company, has lined up the Rowan Company's Ralph Coffman…

Porcupine results "change game" offshore Ireland

Apr 22, 2016

Significant hydrocarbon potential has been outlined in the south Porcupine offshore Ireland, according to initial results of a collaboration project between operator Providence Resources and oilfield services firm Schlumberger. Two firms…

Deepwater India drilling on cards

Apr 22, 2016

Transocean has listed one rig as held for sale and inked three new contracts, including a new contract for its Dhirubhai Deepwater KG2 ultra deepwater drillship, currently based offshore east India.   The rate for the vessel is undisclosed…

Bumi hits Woodside with US$283.5 million claim

Apr 21, 2016

Woodside Energy has been served by Bumi Armada Berhad with a US$283.5 million legal claim, after the Australian company terminated a floating production storage and offloading (FPSO) charter contract for operations offshore northwestern Australia…

DeepOcean bags Repsol EPRD for Varg

Apr 21, 2016

Repsol Norge awarded DeepOcean a contract for provision of engineering, procurement, removal and disposal (EPRD) of Varg Subsea facilities in the North Sea. Image of the Edda Freya, from DeepOcean…

Petrobras production down in March

Apr 21, 2016

Brazil’s Petróleo Brasileiro (Petrobras) recorded a total of 2.55 MMboe/d of oil and natural gas production in March, of which 2.36 MMboe were produced in Brazil and 183,000 boe/d abroad.  Image of the P-31 FPSO…

Atlantis eyes Indonesia tidal energy project

Apr 21, 2016

Tidal energy firm Atlantis is looking to form a joint venture to develop a 150MW tidal stream site off Indonesia.  The firm is joining forces with SBS, a privately owned international marine, subsea and renewable energy developer, which…

Aqualis, CSCD join engineering forces

Apr 21, 2016

Aqualis Offshore and China Ship Design & Research Center Co. (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally.  CSDC specializes in shipbuilding and offshore engineering services.…

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