Transocean's Transocean Winner semisubmersible drilling rig, which ran aground on a Scottish Island more than two weeks ago, is now under tow to safer waters. The rig was refloated from Dalmore Bay, on west coast of the Isle of Lewis…
Only three companies participated in the US Bureau of Ocean Energy Management’s (BOEM) first ever online lease sale. Out of the 4399 blocks offered, the sale only received bids for 24 of those blocks for a total of just over US$18 million…
The Block Island Wind Farm, operated by Deepwater Wind, has completed the construction phase, according to the firm's CEO Jeff Grybowski. The executive tweeted out a photo of the moment when the last turbine blade was installed on 18 August (Thursday)…
Statoil started production from the subsea Fram C East satellite offshore Norway, which will help boost the nearby Troll C’s production and activities. Subsea template at Fram. Images from Statoil. The…
Noble Energy has been named the successor operator of the Thunder Hawk production facility, according to the company’s Q2 2016 report. Scant on details, Noble did confirm that the deal is expected to become effective within Q3 2016, subject to regulatory approval…
Assets and activities of inspection, examination and engineering services firm IMES have been bought out of administration by Seanamic Group. Administrators from KPMG were appointed to IMES on 10 August. The company, which had a turnover of around £5 million…
Cost reduction measures continue at Fugro, as the company plans to further reduce its workforce and fleet in the remainder of 2016. Image from Fugro. During 1H 2016, Fugro cut its headcount by 585…
Vaalco Energy entered into a deal with Sojitz Etame to acquire an additional 3.23% stake in the Etame Marin Permit, offshore of the Republic of Gabon, West Africa. Gabon operations. Image from Vaalco…
Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…
In this video, Anadarko talks about its Heidelberg project, in the Green Canyon area of the Gulf of Mexico. Heidelberg, which came onstream four months ahead of schedule in January 2016, is an 80,000 b/d floating production facility…
Nearly 400 members of Unite and RMT unions working for Wood Group across eight Shell oil and gas platforms in the North Sea have gone on strike today. The strike is the first in 28 years and is over a dispute over 30% pay cuts and changes to allowances…
Infographic from McKinsey Solutions. These projections are taken from Energy Insights’ Global Gas Outlook to 2030. For your free Executive Summary of the findings included in the report visit www…
Oceaneering’s Justin Pizzitola discusses the use of an open water dual coiled riser based system for rigless stimulation. Back deck of an Oceaneering vessel. Images from Oceaneering International…
Oil firms have shown a strong 'survival' reflex, achieving cash flow neutrality at US$50/bbl, but it's at the cost of investment and will damage growth, according to analysis by Wood Mackenzie. The firm says 56 companies covered in its…
Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of its Subsea Products business. The sale includes Thor Tie-In, Weaklink, Pipeline Structures (typically PLEM…
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