Aker Solutions entered into an agreement to buy 70% of Brazilian CSE Mecânica e Instrumentação Ltda, in which the deal comes with an option to purchase the remaining 30% of the company three years after the expected close of the transaction by the end of Q1 2017…
Verus Petroleum entered into a sale and purchase agreement with Maersk Oil North Sea UK for the acquisition of Maersk Oil’s 9.8% interest in the Boa oil field, increasing Verus’s interest in the Boa field to 11.35%. The deal also adds approximately 1800 boe/d to Verus’s daily production…
Hurricane Energy is looking to raise US$86 million (£70 million) of new capital to fund its Lancaster development, West of Shetland, offshore the UK. Image from Hurricane Energy. The…
Sea Trucks was awarded an inspection maintenance and repair contract for a major oil company in West Africa, expected to begin in Q4 2016. Sea Trucks will use its multipurpose support DP2 vessel, the Jascon 55, a construction barge and a spread of its own conventional vessels for the job…
Singapore’s Keppel is cutting more than 3000 jobs in its offshore and marine division (Keppel O&M) due to slow global growth and weak demand in the first nine months of the year, the company said today (20 October). Image from Keppel…
Well integrity and reliability software supplier ExproSoft has acquired Miriam, a supplier of RAM analysis software. Image of Odd Are Svensen (CEO, ExproSoft) and Christophe Spaggiari (CTO, Miriam)…
Marine and offshore engineering consultancy Aqualis Offshore has been awarded contracts to provide marine warranty services to three different floating production and storage offloading (FPSO) projects in Brazil. Modec has appointed Aqualis…
Global Maritime Consultancy & Engineering has been awarded a master services agreement (MSA) by Norwegian operator Statoil. Services covered in the global agreement include platform technology studies; safety studies; marine verification…
MacGregor has won deck machinery orders for six 64m anchor handling tug supply (AHTS) vessels being built for long-term charter in the Middle East to Saudi Aramco. The order is booked in Cargotec's Q3 2016 order intake. MacGregor was…
Rowan Companies has received two early termination notices this month, in addition to booking more work and selling one jackup. Image of a Rowan jackup, from Rowan. Cobalt International…
Paragon Offshore has won a short-term contact with Centrica for the B391 jackup, offshore the UK. The B391 will preform light well intervention work from late-October to late-November 2016 at a dayrate of US$53,000. Centrica and Paragon…
Royal IHC has signed a new contract for the engineering, procurement and construction (EPC) of a tandem mooring and offloading system for a floating, storage and offloading (FSO) vessel. Image from Royal IHC…
French seismic firm CGG will use ultramodern images help to assess exploration blocks in Mexico’s upcoming licensing round, in the Perdido fold belt. The reprocessing project, Encontrado, is a merge of nine existing surveys, acquired with different orientations…
Repsol Sinopec North Sea (formerly Talisman North Sea) has extended its lease on the Bleo Holm floating production, storage and offloading (FPSO) unit up to 30 June 2018. The Bleo Holm is the sixth Bluewater designed, built, owned and operated FPSO…
Kvaerner can deliver such projects at a cost which is attractive even with oil prices at levels around US$50/bbl, but the timing of new projects remains uncertain, says Norwegian engineering and fabrication group Kvaerner. The firm,…
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