FMC Technologies and Technip new joint venture Forsys Subsea is now operational after receiving all regulatory approvals. Forsys Subsea is a joint venture formed as part of a broader alliance between FMC Technologies and Technip, which…
On 1 June 2015, Omega Subsea UK opened an office and established a subsidiary in Aberdeen, Scotland. Its parent company, Omega AS, provides project personnel and project systems, primarily to the oil and gas and energy sectors. The Norway…
The Atwood Achiever drillship spud the MZ-1 well and commenced drilling operations within the Mazagan permit, offshore Morocco, announced Pura Vida Energy. Based on the well plan, drilling is expected to continue for approximately two to three months…
LLOG Exploration and its partners Ridgewood Energy and Stone Energy Corp. drilled a successful exploration test at the Viosca Knoll 959 “Crown & Anchor” prospect. The initial exploratory well encountered greater than 50ft of net oil bearing sand in a high-quality Miocene reservoir…
Höegh LNG Holdings announced that the company has ordered its floating storage and regasification unit, FSRU#8, at Hyundai Heavy Industries (HHI) in South Korea. FSRU#8 is designed to the highest specifications, has full trading capability…
Houston headquartered Apache Corporation has shaken up its leadership team and regional operating structure to 'streamline' the business, including creating an 'offshore' division. The move includes creating 'more integrated, super-region structures…
Tyco Fire & Integrated Solutions announced a new strategic partnership with FGS Commercial e Serviços Técnicos Eletrônicos to provide operators and end-users in the Brazilian marine and oil and gas markets with a range of life safety and asset integrity solutions from a single supplier…
The Egyptian General Petroleum Corp. (EGPC) and Italian giant Eni entered into a US$2 billion deal for exploration and development activities offshore Egypt. Image from Egypt Ministry of Petroleum…
Hercules Offshore received a welcome notice from Saudi Aramco—a withdrawal notice to rescind Aramco’s previously issued notice of termination of its contract for the Hercules 261. As a result, almost all terms and conditions of the contract…
With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from 2-5 June. The new design puts emphasis on cost efficiency…
Israel’s Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea…
International marine and offshore engineering consultancy Aqualis Offshore established an office in Aberdeen, Scotland. “We know that job cuts currently is a common theme in the oil industry, but we are taking a long-term approach…
Pancontinental Oil & Gas and its L10A joint venture partner, PTTEP of Thailand, issued to operator BG Kenya their notices of withdrawal from Block L10A in the Lamu basin offshore Kenya. Subject to ministerial consent, Pancontinental’s 18…
Houston-headquartered Endeavour International has put itself up for sale. The business, focused on the UK North Sea, says it is looking to sell all or substantially all of its North Sea oil and gas assets, with Blackstone Advisory Partners acting as financial advisor…
Rocksource CEO Terje Arnesen is stepping down from the company today after a mutual agreement with the firm's board. The Norwegian company has also agreed with Hans Petter Klohs that the services provided under a consultancy agreement for the CFO position will end as of 31 August…
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