ONGC Videsh Ltd. (OVL) and Oil India Ltd. (OIL) have agreed to purchase Videocon Mauritius Energy Ltd.’s 10% share in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US $2.47 million. The acquisition will give OVL 60% stake and OIL 40% stake in Area 1…
Brazil's Petrobras awarded Seadrill Ltd and SapuraKencana Petroleum Berhad's 50:50 joint venture Sapura Navegação Marítima S.A., Brazil (SNM), a contract for the charter and operation of three pipelaying support vessels (PLSV's). The eight-year contract…
Engineering and construction firm Foster Wheeler has bought Aberdeen-based upstream consultancy Ingen Ideas. Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments…
One of the biggest challenges facing the subsea industry, in Norway and globally, is human resources—access to skills. To help quantify and assess the sector’s skills base and find where the gaps are, the Underwater Technology Foundation…
Noble Energy announced a non-commercial hydrocarbon find at its second deepwater Gunflint appraisal well in the US Gulf of Mexico. The Mississippi Canyon 992 #1, located one mile west of the original discovery well, encountered 109 ft of net pay and was drilled to a total depth of 32…
Lundin Petroleum is to update its reserves estimates on the giant Johan Sverdrup field offshore Norway after its latest appraisal well completed. Lundin says the latest well on the find, 16/2-21 located in PL501, had been a success finding…
GDF Suez E&P UK Ltd. (GDF) has awarded a £1.4 million (US$ 2.17 million) joint study to Xodus Group and Atkins for Concept Select work in the Austen (formerly Jacqui) field in the Central North Sea, with an option to proceed into the Concept Definition phase…
UK oil and gas exploration firm EnQuest is to become a North African player after farming in to fields in the Gulf of Gabes offshore Tunisia. The move involves EnQuest taking a 70% stake and operatorship of the Didon and Zarat fields from Swedish oil and gas company PA Resources…
A new satellite platform built in the north east of England is due to float out of its yard tonight (May 29) to be installed 177km off Aberdeen. The 6338ton Forties Alpha satellite platform (FASP) topsides is part of a £400million project…
Innovation in the offshore industry was one of the key themes at this year’s 27th Offshore Achievement Awards. The event, supported by Offshore Engineer and held at the Aberdeen Exhibition & Conference Centre, was successfully re-launched…
IKM Consultants has taken over Poseidon Consulting Services (PCS) after buying 100% of its shares from Siemens in Norway. Poseidon, which mainly focusses on subsea and pipeline work, has about 150 staff, which will be taken in to IKM's business…
Newly founded IRM group Harkand has announced plans to buy Gulf of Mexico business Veolia Marine Services (VMS). The deal would add 150 onshore and offshore staff, based out of Houston, three dynamically-positioned multi-purpose vessels (MSVs)…
Unasys, the North East England-based technology and project management provider to the energy and construction sectors, has signed a four million dollar contract with Technip US for Statoil’s Aasta Hansteen platform. As well as ePM, the Unasys project management CMS system…
Chevron encountered more than 400ft of net oil pay at its deepwater Coronado well No. 1 in the US Gulf of Mexico. Coronado comprises Walker Ridge Block 98. The No. 1 well is located approximately 190 miles off the Louisiana coast in 6,127ft of water…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline. The deal is worth an estimated US$884 million after tax net proceeds…
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