UK-based subsea inspection, repair and maintenance firm Harkand has gone into administration. In a recorded message left by the firm on its phone line, the company said that on Wednesday, 4 May, staff from Deloitte had been appointed…
The helicopter company whose aircraft crashed outside Bergen last week, killing 13, has filed for relief under the Chapter 11 bankruptcy code in the US. CHC Group's move follows its delisting from the New York stock exchange earlier this year…
DONG Energy has started consultation on its 2.4GW Hornsea Project Three offshore wind farm in the UK North Sea. If built out to full capacity, Hornsea Project Three would be the world’s largest offshore wind farm, capable of powering over 2 million UK homes…
US-based driller Atwood Oceanics has sold its semisubmersible drilling rig Atwood Falcon for recycling and scheduled the Atwood Eagle semisubmersible to be idled in May. The Atwood Eagle is in transit to Singapore and is being marketed…
Drilling giant Transocean swung back into profit in Q1 2016, despite revenues having hemorrhaged compared to Q1 2015. Rig utilization was 51% in Q1, compared with 60% in the prior quarter, and 79% in the same period last year. Utilization is lowest in the ultra-deepwater floater segment…
Australian explorer AWE has agreed to sell its 42.5% interest in the Bulu production sharing contract, offshore east Java, to a 100% owned subsidiary of HyOil for up to A$27.5 million (US$20.6 million), subject to Indonesian government approval and future development…
Swedish wave energy firm Minesto has entered into a supplier agreement with Subsea Riser Products (SRP), within which Minesto has ordered a modified version of SRP’s product Rocksteady for its tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017…
Spectrum has completed a 2D seismic program offshore south Somalia following the acquisition of 20,582.75 line km of data. The new acquisition complements 20,000km of existing seismic that was acquired in 2014 and the two datasets will…
Norwegian yard Westcon has been picked by Statoil to maintain parts of the major's subsea equipment at all base locations in Norway under a new framework agreement. The scope of the agreement is maintenance and overhaul of defined parts of the subsea equipment Statoil has at its bases…
Wood Group has been awarded a three-year contract, extending its support of Shell’s eight UK Continental Shelf offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet…
'The race to deliver full scale commercial [tidal energy] projects is gaining momentum globally and the prize for the winner will be significant,' the CEO of the world's first stock-market listed tidal energy firm told the All Energy conference and exhibition in Glasgow this morning…
After equipping over 20 purpose supply vessels (PSV)/multipurpose supply vessels (MPSV), GE has been chosen by Hornbeck Offshore Services’ (HOS) to equip two next generation of US flagged, Jones Act-qualified MPSVs, to be constructed at Eastern Shipbuilding…
Production from the Prinos and Prinos North oil fields, offshore northeast Greece has exceeded 4000 b/d, a two fold increase compared to the 2000 b/d produced before the start of an ongoing investment program, according to operator Energean Oil & Gas…
Aberdeen-based engineering group Wood Group is looking to cut around 300 UK onshore staff, the firm announced today. Wood Group says the move is 'in response to continuing cost and efficiency challenges affecting the oil and gas sector…
Cambodia's Ministry of Mines and Energy has terminated a Petroleum Agreement for Block D, offshore Cambodia, with CPHL (Cambodia), with immediate effect, according to Mirach Energy, which owns 48% of CPHLC. MME will hold Block D for…
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