Motive Offshore Group has expanded its business with a six figure investment in a quayside fabrication facility in Dundee Port. After successfully negotiating with the port to take over the site, which boasts a deepwater quay side facility…
US giant ExxonMobil and Italy’s Eni signed a US$2.8 billion cash deal that will see ExxonMobil acquire 25% indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Map of Area 4…
Teekay Corp. and Teekay Offshore Partners are shaking things up on its board of directors. Current Teekay Director, William P. Utt, will replace C. Sean Day as Teekay’s chairman effective 15 June. Day is stepping down on 15 June, however…
Cairn Energy was awarded license option (LO) 16/18 in the Atlantic Ireland Licensing Round in 1H 2016, in addition to a farm-in to a 70% working interest and operatorship in the adjacent LO 16/19 with Europa Oil & Gas with plans for 3D seismic in 2017…
Solstad Offshore in Singapore awarded IKM Subsea Singapore a service contract to provide remotely operated vehicle (ROV) services onboard the derrick lay barge Norce Endeavour for construction support projects offshore in Thailand (hat-trick award from 2015)…
Proserv has been awarded a multi-million dollar contract with Premier Oil for work in Asia Pacific. Proserv will supply a subsea control system and associated equipment for the BIGP (Bison, Iguana & Gajah Puteri) development project, located in the Natuna Sea…
McDermott International plans to construct offshore production solutions in Saudi Arabia. McDermott signed a memorandum of understanding with Saudi Aramco for a long-term land lease at the new maritime facility at Ras Al Khair in Saudi Arabia…
Anadarko is planning to drill up to 10 exploration/appraisal wells in the deepwater Gulf of Mexico, Côte d'Ivoire, and Colombia this year, the company announced today (8 March). Anadarko CEO Al Walker…
Pemex’s CEO José Antonio González Anaya shared his reflections on his first year in the state-owned firm’s top job at this year’s CERAWeek by IHS Markit, saying that some of his policies and attempts to reduce Pemex’s serious debt have not made him a popular person…
Chevron subsidiary Cabinda Gulf Oil Co. (CABGOC) has started up the main production facility of the Mafumeira Sul project in Block 0, offshore Angola. Image of the Osprey heavy lift vessel that…
Eni has finalized a farm-in agreement with Total to acquire 50% stake in the French company’s Block 11, offshore Cyprus. Map of Block 11, from Total. “With this transaction Eni further reinforces its own position in the country…
Norway's Petroleum Safety Authority (PSA) has granted Statoil consent to drill a fourth well at Snøhvit with the Songa Enabler semisubmersible vessel in the Barents Sea. The Songa Enabler. Image from Songa Offshore…
Norway’s Petroleum Safety Authority (PSA) has identified regulation breaches following its investigation into a fire that broke out on Statoil’s Statfjord A platform in October 2016. Statfjord A…
Overall spending on the UK Continental Shelf is expected to fall 3% compared to last year, to £17 billion, as projects continue to struggle, while exploration remains at a record low, according to a new report. But, new capital investment…
Weatherford International has shaken up its executive team with the appointment of Mark McCollum as president and CEO of the company, effective April 2017. The company's interim CEO Krishna Shivram has resigned from Weatherford, effective immediately…
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