Vard Holdings Ltd., a Fincantieri company, has a contract with Bourbon to design and build an ice-class anchor-handling tug supply vessel (AHTS). The arctic AHTS vessel by Vard Design was developed for world-wide anchor handling and remote operations…
Gazpromneft Sakhalin says it has started work preparing to drill an appraisal well in the Pechora Sea. The firm, a subsidiary of Gazprom Neft and project operator for the exploration and development of Dolginskoye field, on the arctic shelf of the Pechora Sea…
Petroceltic International has said its Cobalcescu South-1 exploration well in the Romanian Black Sea will be plugged and abandoned as non-commercial. The well was designed to test a prospect located in the southwestern part of the Est Cobalcescu (Block EX-28…
Petroceltic International has launched drilling campaigns offshore Romania and in Kurdistan. The Romanian campaign, in the Black Sea, started with the spudding of the Cobalcescu South exploration well using the GSP Prometeu jack-up drill rig…
Van Oord has ordered a new cable-laying vessel. The ship will be built at Damen Shipyards’ wharf in Romania and will be completed at the end of 2014. The ship is intended for the installation of electricity cables for offshore wind parks…
High activity levels in the North Sea are making an attractive market for Damen Shipyards. Last year, its biggest newbuild market was in tugs and work boats, with 80 delivered. Now, the firm has turned its attention to oil and gas industry support vessels with its new Damen Offshore Series…
Earlier this month, the Ministry of Economy of Montenegro published an official announcement inviting oil and gas companies to apply for the licensing round that will remain open for tenders from August 7, 2013 until the February 28, 2014…
Beach Energy announced that drilling is expected to begin on the 01RX Cobalcescu South exploration well in Block EX-28 offshore Romania. According to the company, the well will be spudded during Beach Energy’s August reporting period…
Norway's PG Marine Group is to provide six of its PG-MACS tanks for a newbuild dual-fuel platform supply vessel (PSV). The vessel, to be built at the Remontowa Shipyward, Romania, will be operated by Siem Offshore on long term charter to Norske Shell…
Petroceltic International has said the first of a four-well campaign in the Black Sea is to be plugged and abandoned after finding sub-commercial gas shows. The Kamchia-1 exploration well, in the Galata concession offshore Bulgaria,…
The offshore market is becoming of increasing importance to Finnish suppliers, partly because of the current downturn in traditional shipbuilding orders. Finnish companies have a wealth of offshore-related niche expertise from ice management to automatic welding for shipyards…
Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It…
Dolphin Geophysical has set its sights on doubling its fleet and its market share. Meg Chesshyre hears from CEO Atle Jacobsen and his team. Dolphin Geophysical’s remarkable success, since it was established in late 2010, has been outlined by CEO Atle Jacobsen…
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The ‘Arab Spring’ revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
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