ION Geophysical Corporation announced today that it has entered into an agreement to increase its ownership of ocean bottom seismic (OBS) acquisition company OceanGeo B.V. to 100%. ION acquired 30% of OceanGeo in February 2013 and increased its ownership to 70% in January 2014…
Nam Cheong Ltd a global offshore marine company and Malaysia’s largest Offshore Support Vessel (OSV) builder announced today that it has sold two accommodation work barges (AWB) worth approximately US$84 million. The barges were sold to Perdana Petroleum Berhad…
Hydro Group plc, a global design and manufacturer of underwater cables and connectors, announced the appointment of two senior management positions. Lynn Rennie joins Hydro Group in the position of Program Manager, handling a range of projects across the engineering…
SKF provides this overview of the company's SKF wireless machine condition sensor, which measures both vibration and temperature data. Read more about the technology in the July 2014 edition of OE.
Drilling technology has improved by leaps and bounds in the past 20 years. Yet, Statoil’s drilling and well research manager says there’s room for a revolution when it comes to efficiency. Elaine Maslin reports. “I think there’s room and need for a revolution in offshore drilling…
Mubadala Petroleum announced today that appraisal drilling and testing has confirmed the Pegaga discovery in Block SK320 offshore Malaysia as a substantial gas discovery with significant commercial potential. A third discovery, Sirih-1…
Canada’s SNC-Lavalin has agreed to buy Jersey-based oil and gas services company Kentz Corporation in a deal valuing the Kentz at £1.2 billion (C$2.1 billion). SNC-Lavalin said the move was part of its strategy to become a global Tier-1 engineering and construction company…
UK-based exploration and production firm Ithaca Energy has agreed to buy non-operated stakes in three producing fields from Sumitomo Corporation. The deal, worth about US$170 million, will see Ithaca take a further 20% interest in the Shell-operated central North Sea Cook field…
Thailand's PTT Exploration and Production Public Company (PTTEP) has agreed a partnership to develop ROVs to be used for marine environmental studies, as part of oil and gas exploration activities. The cooperation marks the first time…
First steel cut on two supply vessels for Russia's Lukoil has started at Keppel Nantong Shipyard Co.'s yard in Nantong on 18 June. The two Russian Maritime Register of Shipping (RS) class vessels have been designed to supply resources…
Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 16/4- 8 S on the Luno II discovery has started. The Luno II discovery…
Paul de Leeuw, a visiting Professor at Aberdeen Business School, has been appointed as the first director of Robert Gordon University’s International Institute for Oil and Gas. With extensive experience in the oil and gas industry Professor de Leeuw will take up his new role in July…
Updated 26 June The US House of Representatives passed bill HR6, the Domestic Prosperity and Global Freedom Act on 24 June, after debates held this week. The House Energy & Commerce (E&C) committee approved HR 6, authored and sponsored by Rep…
CGX Energy Inc. announced the completion of reprocessing and merging of existing seismic surveys from the company’s 100% owned Corentyne petroleum prospecting license (PPL) offshore Guyana. The results of the reprocessing have assisted in…
China National Offshore Oil Corporation (CNOOC) announced today that it has signed a production sharing contract (PSC) with Eni for Block 50/34 in the South China Sea. Block 50/34 encompasses an area of 2000sq km in the Qiongdongnan Basin of offshore Hainan Island…
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