Barakah Offshore Petroleum Berhad’s subsidiary, PBJV Group Sdn Bhd. won a US$4.6 million subcontract agreement for the Petronas Floating LNG 1 (PFLNG 1). The work is for the provision of offshore engineering, procurement, installation and related activities…
Norwegian giant Statoil is ending its contract for the Maersk Gallant six months early, however, French supermajor Total will pick up the jackup. The rig has been on contract with Statoil for two years, since 21 August 2014, and since 9 October it has been sub-chartered to ConocoPhillips…
Transocean is stacking two of its ultra deepwater drillships due to current market conditions that will result in the reduction of about 200 jobs. The Transocean Champion. Image from Gusto MSC…
ExxonMobil has released Mobil Serv Lubricant Analysis, a new mobile-enabled used oil analysis service, in the US and Canada. The service streamlines the used oil analysis process, from initial sample gathering to final reporting. Specifically…
Helix Energy Solutions Group is selling its 50% stake in Marco Polo platform owner Deepwater Gateway to a subsidiary of Genesis Energy for US$25 million. Anthony Tripodo, Executive Vice President and CFO of Helix, said: “The sale of the…
Malaysian independent exploration firm Hibiscus Petroleum is set to become a UK North Sea operator after receiving regulatory and shareholder approval for its acquisition of a 50% stake in the Anasuria cluster. It will be the firm's first producing asset…
Statoil has reached a deal with Austria's OMV to acquire a 30% interest in an exploration permit offshore New Zealand, increasing the Norwegian oil major's interests in the region. Petroleum Exploration Permit (PEP) 57073 covers 9800sq km in the East Coast Basin…
ABS Group received a contract to provide third-party certification and design verification services for Hexicon AB for the planned Dounreay Tri floating offshore wind farm demonstrator project in Scotland. Image from Hexicon…
Shell is cancelling the divestment of an 80% stake in the Bijupirá and Salema fields, including the Fluminense floating production and storage offloading unit (FPSO). The Fluminense FPSO. Image from Modec…
Seacon released its newly designed A259 Ruffnek MUX series as an enhancement to the 7991 Ruffnek MUX series used on subsea BOP systems. Three key changes to the connector design include: Integrating a rubber molded face onto the…
Water treatment solutions company Water Standard secured a contract with Shell Offshore for the design, fabrication, testing, and shipment of an ultrapure water generation package (UWGP) to be integrated on Appomattox, Shell’s floating production system located in deepwater…
James Fisher Offshore (JFO), part of James Fisher and Sons, entered into a cooperation agreement with Aquatic Engineering & Construction (Aquatic) to deliver fully integrated back-deck solutions to offshore operators globally. Image from JFO…
ABS and Lloyds Register’s (LR) joint venture company Common Structural Rules Software (CSR Software) released new software tools for meeting the requirements of the IACS Common Structural Rules (CSR), which were put into effect on 1 July 2015…
Egil Haugsdal has been promoted to president of Kongsberg Maritime, following current president Geir Håøy, who will assume the position of CEO of Kongsberg in June 2016. Haugsdal holds extensive leadership experience from Kongsberg, and currently heads Kongsberg Oil & Gas Technologies…
Norway’s decommissioning market has the potential to be the second largest in the North Sea after the UK Continental Shelf, according to Oil & Gas UK’s first Norwegian Continental Shelf Decommissioning Insight report. The report, which provides a forecast for the region over the next decade…
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