SBM Offshore CEO Bruno Chabas has said the firm is well positioned to weather the current down-turn in oil prices thanks to 90% of its backlog consisting of lease and operate income with dayrates not dependent on oil prices or production levels…
Subsea 7 has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico. The scope of work involves installation of flowlines, steel catenary risers, umbilicals…
Technip Umbilicals gives a look at its umbilicals operations. The group has four manufacturing sites: Houston (US), Lobito (Angola) and Tangjung Langsat (Malaysia) and its newest location in Newcastle (UK). Umbilicals form the…
Bristow awarded Danos a contract to provide field support for Bristow’s six Gulf of Mexico bases. Five of the bases are located in Louisiana – Galliano, Houma, Intercoastal City, New Iberia and Venice – and one in Galveston, Texas. Executives…
SKF USA and Vantage Drilling combined resources to improve the reliability of the Vantage Titanium Explorer and Platinum Explorer drill ship fleet. Titanium Explorer. From Vantage. These…
Spain's Repsol has agreed a deal to buy Canadian exploration and production company Talisman Energy for US$8.3 billion plus debt - amounting to the largest international deal by a Spanish company in five years. The deal, which had been rumored for some months…
Newfoundland and Labrador’s latest exploration licensing round has resulted in a $559 million bid led by ExxonMobil – the largest bid in the province’s history for a single parcel. ExxonMobil bid as part of a consortium with Canada’s…
Technip has completed the previously announced sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc. As part of this transaction, Technip USA and Ranger Offshore have entered into a multiyear Diving Services Agreement covering Technip’s North America Region…
Australia’s Woodside Petroleum will purchase Houston-based Apache’s interest in two LNG projects, Wheatstone and Kitimat LNG (pictured, right) for approximately US$2.75 billion. Apache announced in late July that it would exit the two…
With oil prices plummeting to a five year low, and project cut backs likely in 2015, short-term funding for US shale may lose out to the country’s higher cost deepwater developments, the latest article by leading petroleum industry advisor Gaffney…
Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June…
SeaBird Exploration has received a memorandum of agreement (MOA) from an unnamed company to acquire up to 45,000km of 2D seismic data in North and South America. Under the terms of the MOA, the company will charter one seismic vessel from SeaBird over a period of approximately 12 months…
Blue Ocean Technologies Interchangeable Riserless Intervention System (IRIS) recently intervened on a deepwater production well in the Gulf of Mexico’s Desoto Canyon reaching a record-breaking 8200ft. Image from Blue Ocean…
Bibby Subsea will take delivery of its multi-functional subsea construction support vessel (CSV), the Olympic Ares, this month. The Olympic Ares. From Bibby Offshore. The 115m CSV…
Nexans' power umbilicals that integrate HV power supply and umbilical functions within a single cable cross-section were installed for the Chevron-operated Jack/St. Malo gas fields in the Gulf of Mexico. From Nexans…
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