Norway-based accommodation vessel provider Prosafe is to scrap three of its oldest vessels and start cold stacking others, the firm said this morning, citing a continued deterioration in the offshore oil services market following the oil price decline…
Vericor Power Systems has developed a new version of the TF Series gas turbine, for pump, compression and portable power generation applications. Rated at over 5000 hp, the TF50F gas turbine is changing the process of hydraulic fracturing…
Ireland’s Lansdowne Oil & Gas has failed to farm out of two licenses off the south coast of Ireland, due to industry conditions that will prevent drilling at the prospects. “Due to adverse industry conditions, attempts to farm-out SEL 5/07…
Bell Geospace’s Houston team is being expanded in response to increased activity in their specialist services. As well as a number of in-house support staff, Richard Alan Morgan has joined the company as senior geoscientist. Morgan has…
Maersk Oil has awarded Datum360 a four-year contract to implement Software as a Service (SaaS) solutions for the Culzean development in the UK North Sea. The key component of the solution, PIM360, will be at the centre of Culzean’s engineering data management…
PACC Offshore Services Holdings (POSH) has been awarded long term charters for eight offshore supply vessels with a combined value of approximately US$167.5 million by a Middle Eastern national oil company. POSH will supply eight anchor-handling…
Oil major BP has posted a replacement cost loss of US$485 million in Q1 2016, compared with a profit of $2.1 billion a year ago, as it battles the continuing low oil prices. Yet, the firm is set to see production levels lifted as a string of new projects come onstream through 2016-2017…
Tullow Oil is eying exploration leads offshore Mauritania in order to fulfill a minimum work obligation of one well on the block before the second exploration phase runs out in November 2017. Image from Tullow…
Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April…
NSL has won HSE (health, safety, and enviornment) and lifting operations contracts with Italy's Saipem. The two-year agreement will deliver HSE competency assurance and lifting intervention of onshore and offshore lifting operations to Saipem personnel…
Statoil has entered into the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announce the final investment decision on the 385 MW project. The estimated total investment for the project will be in excess of US$1…
Siemens has received an order for the supply, installation, and commissioning of 60 direct-drive offshore wind turbines, each with a capacity of 6MW. The customer for the project is a consortium between the German power provider E.ON, based in Essen…
Fugro has been awarded a supply arrangement by the Canadian Hydrographic Service (CHS) to provide vessel based hydrographic survey services. Under the contract CHS will procure hydrographic surveys as needed, anywhere in Canada, to enhance…
Deep Sea Supply has been awarded multiple contracts by several international oil companies for work in the North Sea, offshore Asia, and South America. Statoil awarded Deep Sea a two-year contract, plus three yearly options for the PSV Sea Falcon for operations in the North Sea…
Halliburton has cut more than 6000 positions during Q1 2016, bringing its workforce down by one-third since late-2014, in addition to a decreased revenue of 40% during the period. Image from Halliburton…
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