SBM Offshore says there are no signs of recovery before 2018, as the floating production specialist reduced its workforce by 3200 in 2015, with more job cuts expected this year. Image of the Cidade de Saquarema in Guanabara Bay…
DONG Energy has signed and completed an agreement to divest 50% of the 258 MW UK offshore wind farm project, Burbo Bank Extension, to Danish pension provider PKA and KIRKBI, parent company of the LEGO Group. Each investor will obtain a 25% ownership interest in the project…
Parker Bestobell Marine has completed a contract to supply cryogenic globe and check valves made in Sheffield, for Hoegh LNG’s series of five floating storage regasification units (FSRUs) that are being built at Hyundai shipyard (HHI) in South Korea…
Bristow Group has invested US$4.2 million in Sky-Futures, drone inspection data services provider for the oil and gas industry, giving Bristow immediate entry to the fast-growing UAV services business. Image from Sky-Futures…
Petrofac's enginnering and production services business SPD Ltd. was awarded a contract by Zennor Petroleum to provide well design and well construction management services, to support the Finlaggan appraisal well which is located in the central sector of the North Sea…
Golar LNG Ltd. entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners for US$330 million. In connection with the closing, the Golar Partners will receive a daily fee plus operating expenses…
Harkand completed an inspection, repair and maintenance (IRM) campaign for BP Trinidad and Tobago (BPTT) utilizing the Harkand Da Vinci diving support vessel (DSV) and the company’s new hyperbaric rescue facility (HRF) in the Caribbean. The Harkand…
PA Resources signed an agreement to divest its portfolio of North Sea assets to Petrogas E&P. The sale includes the company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tuck and Lille John discoveries, as well as its exploration licenses in the UK…
Norway-based seismic firm Magseis has, together with its partner BGP, has been awarded Saudi Aramco’s S78 project for large-scale ocean bottom seismic acquisition in the Red Sea. The project is expected to last nine months plus one year…
TV presenter and maths expert Rachel Riley is set to return as host for this year’s OE-supported Offshore Achievement Awards after winning over the crowd at last year’s ceremony. After graduating from Oxford with a mathematics degree…
The Construction Industry Research and Information Association (CIRIA) has published essential guidelines for the management of unexploded ordnance (UXO) in the marine environment. CIRIA’s report, entitled Assessment and management of…
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup field in the Norwegian sector of the North Sea. The study includes design solutions for a tie-in of the…
Denmark's DONG Energy will take over an offshore New Jersey wind lease previously held by RES Americas Developments that had been awarded to RES in an auction held by the US Bureau of Ocean Energy Management (BOEM) in November 2015. The New Jersey lease encompasses 160…
American Gilsonite Co. (AGC) appointed David G. Gallagher as its president and chief executive officer, effective immediately. Image of Gallagher, from AGC. Gallagher has more…
In the International Energy Agency’s (IEA) oil market report for February 2016, signs of a demand slowdown surface, with higher OPEC output only partly offsetting non-OPEC decline. Having peaked, at a five-year high of 1.6 MMb/d in 2015…
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