Oil markets could be in for another bumpy ride, a new report from the International Energy Agency (IEA) says. The agency’s report also says that a true global gas market is upon us, in addition to the need to invest US$44 trillion in the global energy supply…
Sirius Petroleum entered into a financed drilling contract with COSL Drilling Pan-Pacific Ltd. (COSL), for the provision of a high specification jackup rig that will be utilized to drill a multi well campaign as part of its shallow water development strategy in Nigeria at the Ororo project…
Antrim Energy entered into an agreement with AzEire to purchase all of the issued and outstanding shares in the capital of Antrim's Ireland subsidiary, Antrim Exploration (Ireland) Ltd. in a US$250,000 in cash deal. The deal is expected to close by 25 November.
Danos has completed the fabrication of three boarding valve skids and one service line skid for Shell deepwater Appomattox facility. Requiring approximately 12 months to complete, the project engaged four Danos service lines, including project management…
BP and GE Oil & Gas announced the start-up of Plant Operations Advisor (POA), a new digital solution designed to improve the efficiency, reliability and safety of BP’s oil and gas production operations. POA is already helping BP manage the…
Decom North Sea elected eight new board directors and re-elected one director from across a range of sectors within the oil and gas industry. Image of Esson, from Decom North Sea. New directors have been named as: Simon Gibb…
Gulf Marine Services (GMS) has completed a new contract for a large class vessel to support maintenance work in European waters, which is scheduled to start in Q2 2017. The contract is for 18 months, and comes with options. Duncan Anderson…
Singapore-based Sembcorp Marine entered into an agreement to sell its 30% stake in Cosco Shipyard Group (CSG) in a US$156 million (S$220.68 million) deal with China Ocean Shipping Group Co. (COSCO), eliminating the majority of Sembcorp’s interest in CSG…
Repsol E&P sent an early termination notice to Rowan Companies last week, ending its contract for the Rowan Renaissance drillship effective immediately. “The company expects to continue to be paid by Repsol on a monthly basis through the original termination date of 22 April 2017…
In this video, Statoil shows its Mariner B floating storage unit (FSU) for the Mariner field on the UK Continental Shelf (UKCS). The Mariner field is on the East Shetland Platform of the UK North Sea, approximately 150km east of Shetland…
Technip’s latest newbuild, the diving support vessel (DSV) Deep Explorer, has been officially named in Norway. The traditional naming ceremony was held at VARD’s Langsten shipyard. Deep Explorer is a DP3 class DSV, purpose-designed and…
A new report forecasts a gradual but steady rise in offshore oil and gas decommissioning in the UK and Norway over the next 10 years, with activity growing from a market worth more than US$25 billion (£2 billion) in 2015. Decommissioning Insight 2016…
Subsea cable and connector specialist Hydro Group appointed William (Bill) Mildon as president of newly formed Hydro Group Systems Inc. - a wholly owned subsidiary located in Pinellas County, Florida. Image of Mildon…
Douglas Stephens will assume the role of president and chief executive officer of Frank’s International effective 15 November 2016. Image of Douglas Stephens, from Frank's International. Stephens was most recently with Baker Hughes…
A total of 32 crude and natural gas projects are expected to commence operations in the North Sea region by 2025, with the UK claiming the highest number at 22, followed by Norway and Denmark with nine and one respectively, according to research and consulting firm GlobalData…
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