Kosmos Energy announced today that it has entered into two farm-in agreements, whereby Kosmos is acquiring an interest in multiple blocks in the prospective Porcupine Basin, offshore the west coast of Ireland. Porcupine Map (Image…
Rosneft and Marubeni Corp. signed Memorandum of Cooperation in LNG project implementation and joint exploration and development of oil and gas fields on April 17, 2013 The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board…
The UK’s prolonged winter muted drilling and deals growth in the North Sea after a strong finish to 2012, according to a new report from Deloitte, the business advisory firm, into offshore activity. The report, compiled by Deloitte’s Petroleum Services Group (PSG)…
Asset Guardian Solutions Ltd (AGSL), which specialises in protecting companies’ process critical software assets, announced that it has secured an important contract with Stena Drilling Ltd of Aberdeen, Scotland. This contract represents a significant development for AGSL…
Lockheed Martin has announced that it is working with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. A memorandum of agreement between the two companies was signed in Beijing on Saturday…
Harkand is investing upwards of US$30million to expand its global fleet of remotely operated vehicle systems as the company drives forward with its ambitious growth strategy. The Group has signed a deal with Forum Subsea Technologies…
Heerema Fabrication Group (HFG) in the Netherlands won an engineering, procurement, construction and installation (EPCI) contract with Marathon E.G. Production Ltd (MEGPL), a wholly-owned subsidiary of Marathon Oil Corporation for delivery…
Wärtsilä will supply a comprehensive, fully integrated power, propulsion and positioning system for a DP3 Dynamically Positioned offshore accommodation rig being built in China, the company announced on 17 April 2013. Wartsila power…
Houlder has been awarded a three year contract to deliver Project Management Consultancy services to Libya’s Mellitah Oil and Gas BV in relation to the design, construction, delivery and hook-up of a new Floating Storage and Offloading System (FSO) and associated subsea systems…
Iona Energy Inc is pleased to announce today that the Department of Energy and Climate Change (DECC) has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan (FDP) submitted by the partners. The…
Magne Ognedal had his final working day as director general of the Norwegian Petroleum Safety Authority Norway on Friday 12 April. A prominent personality has thereby handed on a heritage which will call for courage and strength to maintain and extend…
Technip, leader of a 50/50 consortium with Techint, was awarded by PNBV a substantial contract for the topside construction and integration, the commissioning and start up assistance of the P-76 floating production storage and offloading (FPSO) unit…
BMT ARGOSS (BMT), a subsidiary of BMT Group Ltd, has secured a long-term contract to provide an oil major with weather forecasting services for all its North Caspian Sea operations, both offshore and onshore. The scope of BMT’s work includes…
Seadrill has signed a contract with LLOG Bluewater Holdings for employment of the new-build drill-ship, West Neptune, offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates…
Russia-based OMK held a ribbon-cutting ceremony to open its new pipe-manufacturing facility, which sits on 75 acres in Houston. The US$100 million investment was made in response to rising demand for oil country tubular goods (OCTG), especially by strong demand in North America’s shale plays.
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