Norwegian oil firm Statoil has set out its plans to drill around 30 exploration wells, in up to 11 countries on five continents, as operator and partner, in 2017 - an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS)…
Mermaid Maritime is at the chopping block again with China Merchants Industry, as the Thai company axes an additional two newbuild contracts with the shipbuilder. Illustration of the MTR-3 rig…
Mermaid Maritime’s Indonesian business unit PT Seascape Surveys Indonesia has agreed an additional one-year charter for the DP2 multi-purpose support vessel (MPSV) Resolution. The Resolution is a remotely operated vehicle and air diving support vessel…
Repsol Sinopec Resources UK has exercised options to further extend the charter of the Safe Boreas semisubmersible accommodation vessel by a total of 21 days. The firm operational period of the Safe Boreas at Montrose A in the UK sector…
Decommissioning offshore structures isn’t going away any time soon and research points to a US$210 billion bill for this activity from 2020-2040 worldwide. John Bradbury looks at the market. Allseas’…
2017 may be the year things start to look up in the oil and gas sector. Audrey Leon speaks with Robin Mann of Deloitte, to get a clearer picture on the activity front. Image from iStock. OE…
CIMC Offshore Co., a wholly-owned subsidiary of China International Marine Containers (CIMC) Co., intends to partner with Shenzhen Mangrove Venture Capital Co. and China Industrial International Trust Co. to jointly establish Tianjin Lanshui…
Barakah Offshore Petroleum has won a two-year, US$4.4 million (RM20.0 million) contract from Murphy Oil to provide work on the company's Kikeh spar platform, offshore Malaysia. The work will be done by Barakah's wholly-owned subsidiary company…
Hoover Ferguson Group (Hoover Ferguson), a provider of container, workspace and packaging solutions for the energy and petrochemical industries and general industrial enterprises, has acquired the rights and obligations of Uniteam Holding’s (Uniteam’s) offshore container rental business…
Malaysia's Petronas will voluntarily make some adjustments to its crude oil production beginning in January 2017, a decision that stems from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers made earlier this month…
Empyrean Energy has been awarded a permit for 100% of the exploration rights for Block 29/11, located in the Pearl River Mouth Basin (PRMB), offshore China, following a successful application to the China National Offshore Oil Corp. Empyrean…
Wärtsilä will provide extensive technical support and advisory services for Singapore-based large cutter dredger Cassiopeia V. The five-year technical management agreement includes dynamic maintenance planning (DMP) and is complemented by…
Flexible Engineered Solutions International (FES), a supplier of fluid transfer systems to the oil and gas offshore industry, has developed the CALM Buoy Swivel for a major manufacturer of marine equipment, based in China. The CALM Buoy Swivel…
Chevron has canceled a US$1.8 billion floating production and storage offloading (FPSO) newbuild order with Hyundai Heavy Industries (HHI) that was destined for the supermajor’s Rosebank deepwater project in the North Sea. Illustration of the FPSO…
Wärtsilä has signed a manufacturing license agreement with Jiujiang Precision Measuring Technology Research Institute, a subsidiary of China State Shipbuilding Corp. (CSSC), based in Jiujiang, China. The two-way agreement provides CSSC with…
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