The outlook for mergers and acquisitions in the oil and gas service sector in 2015 will hinge upon the resilience of businesses and a recalibration of pricing expectations, according to energy specialist corporate advisory firm Simmons & Co…
Another ruling came down from the Texas Supreme Court involving BP’s Macondo accident. This time, the courts ruled that BP couldn’t claim the estimated US$700 million in insurance carried by Transocean at the time of the spill in 2010. Deepwater…
The PetroRio acquisition of Shell’s 80% stake in the Bijupirá and Salema fields, and the Fluminense FPSO cost the company US$150 million. PetroRio acquiring the Fluminense FPSO in Shell deal. Image from Modec…
Statoil and field partners reached a final investment decision for the 2.35 billion bbl Johan Sverdrup oil field in the Norwegian North Sea. The field, discovered in 2010, is a major success story for Norway, and is the crowning achievement…
Westcon Yards won a contract to conduct a special periodic survey (SPS) and inspection on the Transocean Leader semisubmersible. The Transocean Leader. From Transocean. The company said the original plan was for the rig to arrive in March…
Johan Sverdrup was proven in two stages, but it was clear from the start that this was actually one gigantic oil discovery. Ranked by size, it is number five on the Norwegian ranking list. First out was Lundin, which in 2010 made a discovery they called Avaldsnes…
Statoil and its partners have submitted their development plan for the largest oil field on the Norwegian Continental Shelf (NCS) since the 1980s – a project tipped to have “ripple effects” through the whole Norwegian economy for years to come…
Norway based geoscience firm Dolphin Geophysical has been awarded a contract for 3D data acquisition and processing of 10,000sq km. with Ophir Energy in Myanmar. The work will start in Q1 with a vessel already in the region planned to tow an industry first configuration…
Statoil Petroleum has made a minor oil discovery at the Romeo prospect in production license 146 in the southern part of the Norwegian North Sea. The Romeo well 2/4-22 S was drilled about 20km north of the Ekofisk field and 2.3km northeast of the 2/4-21 discovery…
Oilfield services giant Halliburton has signed a memorandum of understanding (MOU) with UK-based underground coal gasification (UCG) explorer Cluff Natural Resources (CLNR) with a view to collaborating on the development of CLNR's UCG and southern North Sea gas assets in the UK…
Norway's TOOLS has won a contract from Eni Norge for the provision of services and supplies to the Goliat FPSO/ The three-year contract, which has extension options, includes the provision of tools, pipes and fittings, transmissions,…
Subsea 7 is to provide fabrication, subsea installation and diving services on Woodside Energy's Persephone project offshore Australia. The Persephone Project consists of two wells tied into a subsea production manifold with production…
Proserv was named company of the year at the 2015 Subsea UK Awards. During the past 12 months, Proserv marked a number of milestones including a series of contract awards which expanded its manufacturing facilities and launching a new subsea technology…
Sonardyne has announced that Seatronics is to take delivery of US$1.54 million worth of its 6G acoustic positioning technology. The contract was displayed at the Subsea Expo 2015 exhibition and conference in Aberdeen. The 6G equipment…
Boskalis announced that the Dockwise vessel White Marlin was named and christened during a festive ceremony in Guangzhou, China. Following the ceremony, the semisubmersible heavy transport vessel will be mobilized to Singapore for its maiden…
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