Gazprom Neft’s subsidiary, Gazpromneft Sakhalin has been awarded subsoil-use rights to two blocks in the Russian Arctic. Image from Gazprom Neft. The first block, the Severo-Zapadniy (North East) block is located on the Pechora Sea shelf…
Spain’s Repsol is flying the coop on the Sandia exploration well off the Canary Islands after the find proved to be very thin, with non-exploitable layers. The Rowan Renaissance. From Rowan. Sandia is located in the Atlantic Ocean…
High costs and weaker oil prices could drive cost cuts, which, while leading to a short-term drop in activity, would strengthen Norway's petroleum industry over the long-term, according to the Norwegian Petroleum Directorate (NPD). The…
Ireland-based exploration firm Petroceltic is focusing its attention on Egypt after two offshore block awards were recently ratified. The firm said during 2014, formal award of the offshore North Thekah block was awarded and, more recently…
Noreco has reduced its ownership in license 9/95 on the Danish continental shelf from 20.1% to 16% by transferring the balance to Nordsøfonden, the Danish State’s oil and gas company. Drilling of the exploration well 9/95 Xana started…
Belgian dredging, engineering and environmental group DEME has ordered two new vessels to serve the offshore energy market. Shipyards La Naval in Spain and Uljanik in Croatia will build the multipurpose vessel Living Stone and the self-propelled jackup Apollo…
A US federal district court judge in Louisiana ruled on Thursday that BP’s Macondo well discharged 3.19 million barrels of oil into the US Gulf of Mexico. The ruling means that BP faces a maximum fine of US$13.7 billion under the US…
Germany-based Bernhard Schulte awarded Ulstein Verft a ship building contract for two offshore wind service operation vessels (SOVs). Image from Ulstein. The SOVs are of the Ulstein SX175…
Seadrill added Charles Woodburn to its board of directors. Woodburn has been CEO of Expro Group since 2010. Previously, he spent 15 years with Schlumberger where he held many senior management roles, including president of Wireline. More recently…
Fairmount Marine’s Fairmount Expedition tug delivered the biggest component of the 120m high J-Lay tower for one of the world’s biggest crane vessels, Saipem 7000, offshore Burgas, Bulgaria. The tower component was loaded on Saipem’s cargo barge S42…
Rexroth developed a new control solution that can easily be connected to the customer's system using predefined interfaces. Numerous hardware variants in the form of an extensive modular system allow the designer maximum flexibility and reduce…
An urgent report to address major concerns about the health of the North Sea oil industry amid the plummeting oil price has been commissioned by the UK Government. The UK Secretary of State for Energy and Climate Change, Rt Hon Edward Davey MP (pictured)…
Vroon recently implemented two new multi-purpose platform-supply vessels (MPSVs). The vessels, known as the VOS Primrose and VOS Prince, were launched on 10 Janurary and 11 Janurary 2015. These vessels are the third and fourth additions to a series of 10 sister vessels…
Ocean Rig UDW Inc. announced on 15 January 2015 that it has received commitments from lenders for a syndicated secured term loan designed to partially finance the construction costs of the Ocean Rig Apollo. The facility amount is for the…
Luxembourg-based Maritime Construction Services’ subsidiary New Orient Marine awarded Keppel Singmarine a US$200 million contract to build an ice-class multi-purpose vessel. The ice-class vessel will be designed to operate in temperature…
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