The American Petroleum Institute's global industry services department (API Global) has established a new and comprehensive auditor certification program. Company personnel and self-employed individuals can register to be trained, tested…
Paragon Offshore has elected to defer an interest payment of approximately US$15.4 million due on 15 January 2016 on its 6.75% senior unsecured notes maturing July 2022. Under the terms of the indenture governing the 2022 notes, the…
Airborne Oil & Gas, a composite pipe manufacturer, has secured an investment from Chevron Technology Ventures, the technology investment arm of Chevron Corp. The Dutch manufacturer has developed a range of composite pipe products that offer unique benefits for offshore oil and gas operations…
Magma Global, the manufacturer of m-pipe, has announced the addition of John Jondle to the Magma team as senior advisor, based at Magma’s Houston office. Jondle has over 34 years’ experience in the oil and gas industry, with the past fifteen years in senior leadership roles at BP…
Royal IHC has successfully named and launched the 550-tonne top tension capacity pipelay vessel, Seven Cruzeiro, at its shipyard in Krimpen aan den IJssel in south Holland. Seven Cruzeiro. Image courtesy IHC Merwede…
Sanctions on Iran’s oil production are set to be lifted as early as this weekend that will mark the end of the country’s nuclear program and pave the way for Western nations to re-enter Iranian territory for oil exploration and production…
Aker Solutions is to 'streamline' its maintenance, modifications and operations (MMO) unit in Norway from four units to one regional unit, the firm announced today. The company said it was taking 'necessary steps to reposition the business…
The International Association of Oil & Gas Producers (IOGP) has appointed Gordon Ballard to be its new Executive Director. He starts today, succeeding Michael Engell-Jensen, who is retiring after five years. Gordon comes to IOGP after spending 30 years working with oilfield services company…
Seadrill has reached an agreement with Daewoo Shipbuilding & Marine Engineering shipyard in South Korea to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until Q2 2018 and Q1 2019 respectively. Under the terms of the original construction contracts…
Despite high drilling rates on the Norwegian Continental Shelf, discovery rates have been low and investment fell 16% in 2015, according to the Norwegian Petroleum Directorate (NPD). Fifty-six exploration wells were spudded, with just…
Malaysia's Mitra Energy gained approval from the Prime Minister of Vietnam of the Reserve Assessment Reports for the Nam Du (Block 46/07 PSC) and U Minh (Block 51 PSC) fields, off Vietnam. Image from Mitra Energy…
WFS Technologies (WFS), a provider of underwater wireless instrumentation and control solutions, has announced the launch of Seatooth PipeLogger Thermal Insulation (TI). Designed to deliver a step reduction in the cost of monitoring process…
Chevron Australia awarded Neptune a marine maintenance diving contract under a recently awarded master services agreement (MSA). The contract, which is due to commence imminently, includes the provision of diving services for the facilities…
Total, the operator for production license 618 in the North Sea, has received consent from the Petroleum Safety Authority (PSA) of Norway, to drill exploration well 1/5-5 using Maersk Gallant. Maersk Gallant is a jackup drilling facility…
Subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately US$117 million (RM503 million). Image from SapuraKencana. SapuraKencana HL Sdn…
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