Sterling Energy subsidiary Sterling Cameroon Ltd. has issued a notice of surrender in relation to the Ntem Concession, offshore Cameroon, effective by the end of December 2016. The company does not expect to incur any material costs associated with the surrender…
Ithaca Energy's floating production unit, the FPF-1, has set sail for the Stella field in the North Sea after completing final marine systems trials. First oil from the Greater Stella Area development is expected in about three months later…
Abu Dhabi-based Gulf Marine Services has won a new contract award for one of its mid-size class vessels. The contract, scheduled to start immediately, is for 12 months including options, with the vessel supporting a Middle East/North Africa (MENA)-based national oil company…
PJ Valves (PJV), a valves manufacturer and supplier, has been awarded more than US$1.3 million (£1 million) worth of contracts to supply over 1000 valves to Maersk Oil’s Culzean field in the UK North Sea. PJV will manufacture forged…
Gloucestershire-based Arc Energy Resources, the weld overlay cladding and fabrication company, has acquired precision machining company CLG Engineering, based in Stonehouse, Gloucestershire. Arc Energy Resources provides corrosion-resistant weld overlay cladding services…
Cost reduction measures continue at Fugro, as the company plans to further reduce its workforce and fleet in the remainder of 2016. Image from Fugro. During 1H 2016, Fugro cut its headcount by 585…
TGS and Schlumberger have started the Dual Coil Shooting multivessel full-azimuth acquisition Revolution XII and XIII surveys in the US Gulf of Mexico. The surveys will cover about 7150sq km (306 blocks) in the Green Canyon, Atwater Valley…
Norway's Det norske's exploration well on the Rovarkula prospect in the Norwegian sector of the central North Sea is dry, says the Norwegian Petroleum Directorate. The 25/10-15 S wildcat well was drilled using the Maersk Interceptor jackup…
Eni is to plug and abandon its Aurelia wildcat exploration well in the Barents Sea after poor drilling results. The well, 7222/1-1, was the first exploration well in production license 226, awarded in 1997. It was drilled about 80km…
Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…
A 48-hour strike has started in the UK North Sea by offshore workers working for Wood Group on Shell platforms. The strike, on the Alpha, Bravo, Charlie, Nelson, Gannet, Shearwater and Curlew platforms, follows a 24-hour walk out by workers from the Unite and RMT unions on Tuesday 26 July…
An oil spill with an estimated maximum potential of 4200 gallons of crude oil occurred yesterday (2 August) from a well owned by Houston-based Texas Petroleum Investment Co. (TPIC), near Main Pass offshore Louisiana, according to the US Coast Guard (USCG)…
InterMoor's Brazilian subsidiary successfully completed its involvement in the decommissioning operations of the OSX-1 FPSO (floating production, storage and offloading). InterMoor was responsible for the disconnection of the submerged turret production system (STP)…
Vaalco Energy’s chief executive officer (CEO), Steve Guidry, will retire from the company and board of directors effective 1 September 2016. Guidry joined Vaalco as CEO in October 2013 after having worked for 33 years at Marathon Oil Corp…
Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
Subscribe
