Two agreements announced today will see subsea services firm DeepOcean take on a newbuild installation vessel and Norwegian shipyard Kleven undertake its largest order to date. DeepOcean has agreed to a five and a half year charter, starting March 2016…
TAM International marked its 45th anniversary and the opening of its recently-built manufacturing facility on October 18 with a tour of the facilities in Houston, Texas. The new site was open to employees in September. TAM specializes in inflatable packers…
Petrobras’ P-55 Floating Production Unit (FPU), the largest and the first of this kind entirely built in Brazil, is on its way to the Roncador field, Campos basin, where it will be installed in a water depth of 1,790m. The column-stabilized semisubmersible has a capacity of 180…
India’s ONGC Videsh Ltd. (OVL) acquired a 12% interest in Parque das Conchas (Block BC-10), located in the Campos Basin offshore Brazil’s southeastern coast. Production from the second development phase began earlier this month. Block BC-10 includes four offshore deepwater fields - Ostra…
The first decommissioning relief deeds have been presented by new Economic Secretary to the Treasury Nicky Morgan to senior representatives from the oil and gas industry. The deeds will provide greater certainty over the tax relief companies…
More than 6,000 of the world’s most prominent energy leaders will gathered October 13 in Daegu, South Korea for the first day of the 22nd World Energy Congress (WEC). This year's theme is: 'Secure tomorrow's energy today.' Held every three years…
A high level of investment creates an opportunity for new entrants into the pipelay vessel market, says Douglas Westwood’s Singapore-based analyst Thom Payne. About 32,000km of offshore pipelines are expected to be installed over the next five years…
After two years of planning, BP is about to launch a major renewal program on its North Sea Magnus and ETAP facilities. BP explained the program—and its long term aims—to Elaine Maslin. Operators in the North Sea are tackling a thorny…
The Caspian Sea is a land-locked interior basin with established oil and gas production that has seen increasing activity since the bordering nations gained independence from the former USSR in the late 1990s. Five nations surround the sea: Russia…
Keppel FELS Ltd (KFELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has secured a contract from an affiliate of Clearwater Capital Partners (Clearwater) to build a pair of premium KFELS B Class jackup rigs. The total cost of the project is about US$440 million…
Rio de Janeiro-based AMEC Kromav, specialist company for shipbuilding and offshore activities, is urging the Russian industry to take full advantage of Brazil’s multi-billion dollar offshore industry opportunities. In a comprehensive presentation at NEVA in St Petersburg…
Douglas Westwood has said, according to its annual reports on deepwater production, Asia Pacific is emerging as a high-growth opportunity – albeit from a small base – as depleting shallow water fields drive the industry into deeper waters…
During the opening session of the annual SEG convention in Houston, Barry Smitherman, chairman of the Texas Railroad Commission (RRC) reviewed the improvement in Texas’ production. This had been created by the application of new oil industry technology: better imaging…
Serica Energy has said a drilling campaign will start offshore Morocco in October. Drilling will be carried out on the Foum Draa and Sidi Moussa blocks in October, and H1 2014 respectively. The well on the Foum Draa block (operated by Cairn Energy…
Jumbo announced that it has been awarded a contract by Malaysian pipelay contractor Sigur Ros. Under the contract, Jumbo will oversee transportation and installation of 126 gravity anchor spreads in water depths up to 1400m (4593ft), using the heavy-lift vessel…
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