Germany-based crude oil and natural gas producer is planning to divest its shareholding in the Eastern German company Verbundnetz Gas AG (VNG) as part of its strategy to concentrate on the upstream sector. A 24 March agreement will see EWE Aktiengesellschaft take over Wintershall’s 15…
Ophir Energy has entered into an agreement with Australian explorer WHL Energy to acquire a 75% operated interest in Blocks PEC-5B/1 and PEC-5B/2 offshore the Seychelles Islands in the Indian Ocean (pictured). In exchange for the acquired interest…
Iran, India and Oman are preparing to begin official negotiations for delivery of the Iranian natural gas to the Indian market through a deepwater pipeline. Iranian Foreign Minister Mohammad Javad Zarif, Indian Foreign Minister Salman Khurshid…
Fairmount Marine has safely delivered rig ENSCO 5002 in Singapore. The rig was towed from Rio de Janeiro, Brazil, via Cape Good Hope, by tug Fairmount Expedition. ENSCO 5002 is a 1975 built 70m long and 61m wide semisubmersible drilling rig…
Offshore marine company Otto Marine will hold a naming ceremony for the Norshore Atlantic at its Batam Shipyard, Indonesia, today. The Norshore Atlantic is one the first of its kind to be constructed by an Asian yard, says Otto. It…
DNV GL has opened a new Asia Pacific headquarters in Singapore. The new headquarters was officially opened today by S Iswaran, Minister for the Prime Minister’s office, second minister for home affairs and second minister for trade & industry Singapore…
Sembcorp Marine subsidiary Jurong Shipyard has signed two contracts, worth US$540 million each, to build two drillships for a subsidiary of Transocean Ltd (Transocean). The contracts include options for three additional units for the same company…
Sembcorp Marine's subsidiary PPL Shipyard has signed a turnkey jackup rig contract worth US$214.3 million with Marco Polo Drilling Pte. Ltd., an indirect wholly-owned subsidiary of Marco Polo Marine Ltd., as well as the grant of an option…
Singapore-based KrisEnergy Ltd. has added an operatorship offshore Indonesia, and also announced it will not acquire the G3/48 exploration licence in the Gulf of Thailand. KrisEnergy announced in January that it had been seeking a 60%…
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel. The study points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations…
Maersk Drilling has taken delivery of its first ultra-deepwater drillship, Maersk Viking (pictured), from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Viking has started its voyage to the US Gulf of Mexico…
ALS Oil & Gas, the new international oilfield services company, formed through the acquisition of Reservoir Group by ALS Ltd. in 2013, has acquired the North American completions services provider, BMP Enterprises LLC (BMP). The acquisition…
Saipem has won new engineering & construction offshore contracts in Indonesia and in the Republic of Congo, for a total amount of about US$520 million. In Indonesia, Eni has awarded a consortium led by Saipem the EPCI contract for a new…
Anadarko Petroleum Corp has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for US$1.075 billion. 'This transaction accelerates…
Wood Group PSN (WGPSN) appointed a new regional managing director to lead its Australia & Asia Pacific business. Andrew Stewart previously the southern operations business manager in Australia, and now will step into the position as part of a planned handover from Matt Gavin…
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