Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit. This lack of deepwater asset inventory is challenging exploration…
Statoil has branded its offshore New York wind site, Empire Wind. The 79,350 acre site is off the southern coast of Long Island, New York. The Norwegian operator said that the site has potential to generate up to 1GW of offshore wind power…
BP Trinidad and Tobago (bpTT) has awarded a new contract and contract extension for two Rowan jackup rigs for drilling programs offshore Trinidad and Tobago. Jackup Rowan EXL II has been awarded a one-year, five-well drilling program scheduled to begin in the 1Q 2018…
Oceaneering International has taken delivery of an 800-tonne SWL (safe working load) reel drive system (RDS) from northeast Scotland-based Maritime Developments (MDL). The modular system will be used to deploy and retrieve subsea umbilical…
Seanamic Group has bought Aberdeen based flexible pipelines and umbilicals integrity management firm Flexlife. Seanamic was founded in 2014, and has since added Caley Ocean Systems, Umbilicals International, and most recently IMES Group…
Subsea 7 will become the sole owner of the Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term contract to a third party. The company will take ownership of the vessel…
Borr Drilling has signed an agreement to acquire nine jackup rigs from Sembcorp Marine subsidiary PPL Shipyard, taking its fleet to 26 jackups, once all rigs under construction have been delivered. The acquired rigs have been built or are under construction at PPL's yard in Singapore…
While the trend in spending for oil and gas companies since the crash in oil prices has been a steep decline, production has remained relatively stable since 2015. This might lead to the conclusion that companies have found ways to remain just as productive in the new price environment…
ONGC has officially entered offshore Namibia, following the completion of its 30% stake deal of Namibia Petroleum Exploration License 0037 from Tullow. ONGC subsidiary ONGC Videsh completed the acquisition of 30% participating interest…
Subsea 7 has signed a contract with Royal IHC to design and build a new, high-specification reel lay vessel capable of installing complex rigid flowlines including pipe-in-pipe systems. IHC says that, based on the ratio between top pipe tension and payload to displacement…
Deepwater Gulf of Mexico focused LLOG Exploration has set out plans for developing six projects, following successful exploration work in 2016-17, with nine deepwater wells due to be brought online by the end of 2018. One well is already producing…
Advisory firm Glass Lewis has recommended that Ensco plc shareholders vote “FOR” the US$839 million proposed all-stock transaction with Atwood Oceanics at the company’s upcoming general meeting of shareholders on 5 October 2017. “…we…
The BP-led Shah Deniz consortium is on track for first gas for stage 2 of the giant project next year, following the installation of the last two major topsides facilities in the Caspian Sea, offshore Azerbaijan. Shah Deniz 2 PR platform installed…
ROV services firm M² Subsea has unveiled its recently commissioned purpose-built test tank at the company’s base in Westhill, Aberdeenshire, UK. The indoor fresh water tank, which can hold 73,600 liters of water, has been created for testing ROVs and ancillary equipment…
DONG Energy will build its Hornsea Project Two wind farm at the lowest-ever price for offshore wind in the UK, cutting its original price by half, in what the company is calling a 'breakthough moment.' Map of Hornsea 2…
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