Shell announced it has begun production from the Mars B development through Olympus, its seventh, and largest, floating deepwater platform in the Gulf of Mexico. It is the first deepwater project in the region to expand an existing oil and gas field with significant new infrastructure…
Lloyds Register Group subsidiary Senergy has joined oil and gas engineering services firm Plexus Holdings' on-going joint industry project (JIP) to develop and commercialize a new and safer subsea wellhead, using Plexus' patented POS-GRIP technology…
GE Oil & Gas opens Brazilian logistics base With an area of 590,000sq. ft and investments that exceed US$100 million, GE’s base in Niteroi in the state of Rio de Janeiro was designed primarily to load and unload installer ships. These vessels carry heavy equipment…
Rosneft and General Electric signed an agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin, and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation…
Royal Dutch Shell has said it will quit its 2014 plans for drilling offshore Alaska, cut capital spending, and increase the pace of assets sales, the oil major’s CEO Ben van Beurden (pictured) announced today. Shell's U-turn on Alaskan drilling follows a profit warning last week and…
Able UK has been awarded a contract for the disposal of four offshore structures from the Shell operated Brent field in the North Sea. The contract will see three platform topsides, as well as a 138m-high steel platform jacket, transported from the Brent field…
A new multipurpose vessel will play a key role on Shell’s Malampaya project offshore Malaysia. Pieter van Hekken explains. In the Q1 this year [2014], Boskalis Offshore will start one of the most challenging projects in its history. Boskalis Offshore…
Apache Corporation announced several changes to its executive organization, including the retirement of the firm's president: Roger Plank, president and chief corporate officer, has elected to retire. Alfonso Leon, senior vice president and chief of staff…
Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil…
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about US$650 million from Fecon International Corp (Fecon)…
The past few weeks have seen a string of profit warnings and capital spending cutbacks from global oil and gas exploration majors. Should oilfield service companies be worried that the good times are coming to an end? According to bank and investment company Investec…
Electromagnetic Geoservices ASA signed a global framework agreement with Shell International Exploration and Production B.V. for the provision of consultancy services. The range of services covered by the agreement includes survey planning/modeling…
Sonardyne Sentinel provides rapidly-deployable underwater security Maritime security company Sonardyne International Ltd. has successfully completed the installation of a Sentinel Intruder Detection System (IDS) onboard a drilling rig…
Waves of progress. With several mega projects underway, OE asked: Can floating LNG be done economically on a smaller scale? The obvious answer is that we believe so, but it depends on the application. Wison Offshore & Marine sees smallerscale…
Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia. The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…
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