Vard Holdings has terminated a shipbuilding contract for one offshore construction and anchor handling vessel with Rem Offshore in return for compensation. The contract with REM was struck last year in June 2014, and the vessel is already in the early stages of construction…
Singapore-based Sembcorp Marine will acquire 50% interest in Norwegian process design and engineering group KANFA Aragon, from Sevan Marine in a US$2.3 million (NOK 20 million) deal. Image from Kanfa Group…
Greek explorer Energean Oil & Gas has reached an agreement with the Ministry of Economy of Montenegro upon Hydrocarbons Exploration and Production for offshore blocks 4219-26 and 4218-30. The proposed concession contract, joint operating…
DNV GL has today officially opened a new, state-of-the-art training centre at its large-scale testing and research facility at Spadeadam in Cumbria, UK. The oil and gas advisory and classification society is also inviting participation…
PIM Integrity Management has recently been awarded a license by Petronas. PIM IM, which was set up in Selangor, Malaysia in December 2015, is an associate company of UK-based Plant Integrity Management (PIM). Both firms specialize in…
A new preliminary report into a helicopter crash which killed 11 offshore workers and two pilots has pointed to a fatigue fracture in the aircraft's gear box as the most likely cause. The Airbus Helicopters H225, operated by CHC Helicopters…
The living quarters for the Ivar Aasen development in the Norwegian North Sea has been completed and it due to sail away today (29 June). The 2300-tonne, 40m-high module was built at Apply Leirvik at Stord, Norway. The Ivar Aasen…
TGS has started the Northwest Shelf Renaissance 2D seismic survey offshore North West Australia. The survey consists of approximately 8000km of long offset, broadband 2D seismic data as well as magnetic and gravity data. The survey is…
Keppel Offshore & Marine (Keppel O&M) subsidiary Keppel FELS Brasil SA's BrasFELS shipyard has recently completed the integration and completion works on a floating production storage and offloading (FPSO) unit for Modec Offshore Production Systems (Singapore) Pte…
Intertek has signed a three-year extension for the provision of quality assurance services into the operational phase of Inpex's Ichthys liquefied natural gas (LNG) project, offshore Australia. Intertek will continue to provide local and global inspection…
Santos has achieved an averaged stabilized flow rate of 828 bo/d, revealed in a drill stem test (DST) conducted on the G Sand reservoir at the AAL-4XST1 appraisal well in the Northwest Natuna permit area offshore Indonesia. Joint venture…
An aversion to risk, the race to be second, impairs the oil and gas industry’s ability to innovate. Yet, the oil price slump, from mid-2014 to today, has been a “brutal wake-up call,” creating a realization that working smarter in a…
Japan's JX Nippon Oil & Gas Exploration (Malaysia) is gearing up to drill three wells offshore Malaysia after agreeing a contract for the rig for the campaign. JX Nippon is to hire the semi-tender drilling rig SKD Berani from a SapuraKencana Petroleum subsidiary…
Australia's safety regulator has published details of an incident which saw a dive vessel lose position while diving was active near a platform. The vessel drifted off location by about 40m and was initially noticed by the diver when…
Classification society ABS is pursuing multiple major joint development projects (JDP) with Keppel Offshore & Marine Technology Centre (KOMtech) covering topics such as special purpose rigs, data analytics, and subsea technology. Senior…
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