Seatronics, an Acteon company, has signed a worldwide contract with Digital Edge Subsea Ltd. for Digital Edge Subsea’s complete range of digital video inspection systems. Seatronics will be equipped with Digital Edge Subsea systems for…
WFS Technologies and Fugro Subsea Technologies announced an agreement to offer subsea wireless capability on all FCV Work Class ROVs beginning in 2015. The partnership will deliver enhanced ROV solutions for subsea projects. With this agreement…
Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
Houston-based Apache Energy found gas and associated liquid hydrocarbons in the Phoenix South-1 well off Western Australia, in the Roebuck basin, before a drill bit failure on 29 July. Over the past two weeks, Apache drilled to a depth…
Saipem was awarded offshore drilling contracts worth approximately US$540 million in Indonesia, Nigeria, the Arabian Gulf and Latin America. The contracts refer to four different units of Saipem’s fleet. Indonesia contract Eni Muara Bakau B…
Norway's Dolphin Geophysical has taken delivery of 7-Oceans, the first of three new-build seismic guard vessels. The naming ceremony of the 7-Oceans took place in Maaskant Shipyard, Stellendam, South Holland, on 25 July 2014. The 370tonne ship is 35m x 9m and is flagged in Panama…
Hong Kong-based CNOOC Ltd. announced the Lishui 36-1 gas field began production. The Lishui 36-1 gas field is located 150km from Wenzhou city Zhejiang province, with an average water depth of approximately 84m. The gas field has four producing wells…
Statoil released a video showing the Valemon topside arriving on 26 July 2014 near Stavanger, Norway after a 40-day trip from South Korea. The topsides set sail in June from the Geoje yard in South Korea, where Statoil contracted…
Reflecting the overall trends of the industry to go ever-deeper, companies are now attaining first oil through advanced, specialized methods and technologies. GTL FPSO rendering from DSME. Companies’ reaches are ever-lengthening…
Portugal-based Galp Energia’s recent drilling campaign at the Tao-1 exploration well in the Tarfaya block off Morocco was unsuccessful, partner Tangiers Petroleum announced 28 July 2014. Australian-based Tangiers Petroleum, which holds 25% interest in the Tarfaya block…
Lime Petroleum Norway, a jointly-controlled entity of Malaysia-based Hibiscus Petroleum Berhad and Singapore-based Rex International, surrendered three licenses in the North Sea, following the deadline for a drill or drop decision by 23 July 2014…
Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…
ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation. Over the next five years, ABS and MPA will collaborate on maritime…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
The Hoegh LNG-owned Perusahaan Gas Negara (PGN) floating storage and regasification unit (FSRU) Lampung received its first cargo of LNG through ship-to-ship transfer on 27 July offshore Indonesia. It entered its final commissioning phase…
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