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Sequa drops Gina Krog, Ivar Aasen deals

Apr 19, 2016

Sequa Petroleum is dropping out of two deals to acquire stake in the Gina Krog and Ivar Aasen projects in the North Sea due to the current market conditions. Image of Ivar Aasen, from Det Norske…

ExxonMobil starts up US$4 billion Julia project

Apr 19, 2016

ExxonMobil has started oil production at its US$4 billion Julia oil field in the Gulf of Mexico with the first production well currently online, and a second well set to start production in the coming weeks, the supermajor announced. Image…

Bergen Group, Calm to co-market mono-column platform

Apr 19, 2016

Bergen Group and Calm Oceans agreed an agency deal to market a newly developed mono-column platform (MCP) in the Norwegian market. This offshore mobile platform is a self-elevating, multipurpose and high payload jackup, specially designed…

Paragon inks extensions, drops dayrates

Apr 19, 2016

Offshore drilling firm Paragon Offshore has picked up two contract extensions, having reduced day rates. In the Middle East, a contract with ADMA OPCO for the M1162 jackup has been extended from mid-January 2017 to late January 2019 and…

Serica gets boost from Erskine

Apr 19, 2016

Increased production from Chevron's high-pressure, high-temperature Erskine field has helped boost profits and reserves for UK independent Serica Energy. The firm acquired an 17% stake in the field, at a time when it was expected to produce 2100 boe/d net to Serica at $30/bbl operating costs…

IOG eyes unmanned Blythe development plan

Apr 19, 2016

Independent Oil and Gas (IOG) is planning to submit a field development plan for the southern North Sea Blythe field and nearby discoveries. The move is likely to involve a small unmanned platform, with pre-installed risers for future tie-back opportunities…

Saipem inks string of E&C contracts

Apr 19, 2016

Saipem has been awarded new engineering and construction contracts cumulatively valued at about €430 million. The work includes a contract with Statoil, for the lift and mating operations of offshore floating wind turbines for the Hywind Scotland project…

Seadrill to cut 112 jobs in Houston

Apr 18, 2016

Seadrill is cutting 112 Houston jobs that support the West Capricorn drilling rig in the Gulf of Mexico, effective 1 May. Image of the West Capricorn, from the Seadrill West Capricorn Facebook page…

PGS in Danish 7th round seismic coverage

Apr 18, 2016

PGS’s latest GeoStreamer survey is providing high resolution coverage of North Sea plays relevant for the seventh Danish Licensing Round. Initial data volumes will be available in May and August 2016. The Danish part of the North Sea…

Beach exits BMG JV

Apr 18, 2016

Beach Energy and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta and Gummy gas field permits VIC/L26, 27, and 28 (BMG joint venture) in the offshore Gippsland Basin into retention leases…

Sakhalin Energy, Ampelmann sign Icemann agreement

Apr 18, 2016

Ampelmann and Sakhalin Energy Investment signed an agreement to install and operate a winterized version of an Ampelmann’s motion compensated gangway system. This system is designed to be capable of safely and efficiently transferring work crew in temperatures down to -28˚C…

WGK CEO elected to SUT council

Apr 18, 2016

Bob MacDonald, CEO of Wood Group Kenny (WGK), has been elected to the council of the Society of Underwater Technology (SUT). As part of the council, MacDonald will help steer the direction of the SUT to support the future success of the global…

RS completes survey of MODU pair

Apr 18, 2016

The repair of the Polyarnaya Zvezda and Severnoye Siyaniye, sixth generation semisubmersible mobile offshore drilling units (MODU), have been completed under the survey of Russian Maritime Register of Shipping (RS) at Yantai CIMC Raffles Offshore Shipyard in Yantai…

Centrica to cut 3000 jobs in 2016

Apr 18, 2016

Centrica plc will reduce its workforce by 3000 jobs this year, with the first 800 jobs to be cut in the first three months, in efforts to cut costs by more than US$1 billion (£750 million) per year. The job cuts are most likely to hit British Gas…

Video: Trio enter swimming robots deal

Apr 18, 2016

A trio comprised of Kongsberg Maritime, Statoil, and Eelume have entered into an agreement to accelerate new technology that will significantly reduce costs related to subsea inspection, maintenance and repair operations.  Kongsberg and Statoil inked the agreement with Eelume…

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