FMC Technologies Inc. signed a 10-year global frame agreement with BG Group to supply subsea equipment and services for BG developments worldwide. FMC mentioned the award from BG Group during its earnings call on 22 October 2014. This…
Marine Contracting has opened an Australian office in Perth to service the Australian offshore market. The company will also open a new yard to house its offshore equipment in Karratha. Key services that Marine Contracting will provide include permanent mooring and riser installations…
Saipem has secured a new contract for the Perro Negro 7 jackup, currently operating offshore in the Middle East, starting from November 2015 until the end of 2018. Perro Negro 7 is a self-elevating drilling unit capable of operating in water depth up to 375ft…
An oil discovery has been confirmed in the Libra field, offshore Brazil, Petrobras announced on 27 October. The Brazilian state-owned firm said the well 3-RJS-731 (informally known as NW-1) confirmed the discovery of good quality oil in the northwestern portion of the structure…
Singapore’s KrisEnergy chartered the Rubicon Vantage floating storage and offloading (FSO) vessel and a catenary anchor leg mooring (CALM) buoy for use on the Wassana oil development in the G10/48 license area located in the Gulf of Thailand…
Petroleos Mexicanos (Pemex) and Chevron entered into a memorandum of understanding (MOU) intent on increasing cooperation in areas such as deepwater, heavy oil and mature fields. The preliminary deal also covers collaboration on natural gas…
Current pressures on oil majors due to low oil prices and a heated market should not be allowed to turn into another crisis, a top ExxonMobil executive told SPE Annual Technology Conference in Amsterdam today (27 October). Image of Neil Duffin…
Aberdeen’s Ashtead Technology launched a first-of-its-kind subsea training academy in Aberdeen in the world-renowned subsea center of excellence at Westhill. Ashtead has invested more than US$804,000 in theAshtead Subsea Technology Training…
The American Association of Petroleum Geologists (AAPG) and the Society of Exploration Geophysicists (SEG) announced a joint venture to co-present oil and gas events around the world to provide their members and the oil and gas global industry…
Mexico seismic services company COMESA selected Paradigm as a strategic partner for its new seismic data processing center. Through the use of Paradigm software solutions for seismic processing and imaging, subsurface modeling and reservoir characterization…
Smith Bits, a Schlumberger company, introduced StingBlade, a conical diamond element bit. StingBlade bits increase run length and rate of penetration (ROP) while delivering improved steering response in directional applications. “In…
Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons…
Ophir Energy plc entered into an agreement with Niko Resources to acquire interests in seven deepwater production-sharing contracts (PSCs) in Indonesia. Image from Ophir. The PSCs have equity interests ranging from 18…
Total awarded Maersk Drilling’s third drillship, the Maersk Venturer, a short-term, US$17 million contract for a one-well program offshore Malaysia. Maersk says the contract is for 45 days with an option to extend for up to 40 days. The drilling program is expected to begin in December 2014…
The State Oil Company of Azerbaijan Republic (SOCAR), confirmed in a statement that four employees died in a platform accident on 23 October. According to SOCAR's statement, 'The dead bodies of three of the four employees, missing after…
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