The Greek government revealed it does not have the funds to pay what is owed to the International Monetary Fund (IMF) and cannot meet its obligations on 30 June. As a result, procedures for the country’s transition to a state of default could be initiated automatically…
Songa Offshore has taken delivery of Songa Equinox from Daewoo Shipbuilding & Marine Engineering in Korea. Songa Equinox will shortly depart South Korea en route to Norway for commencement of an eight-year drilling contract with Statoil…
Logan Industries, based in Hempstead, Texas, will supply a compensated coiled tubing lift frame (CCTLF) to Maersk Drilling, which provides drilling services to oil companies around the world. The CCTLF system will be designed and built in…
SeaBird Exploration will now commence the Gigante survey for TGS Nopec, after receiving all necessary permits. The vessels Osprey Explorer and Hawk Explorer have commenced acquisition while Northern Explorer is currently mobilizing to Mexico…
Wood Group acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million. BETA’s expertise in advanced vibration, pulsation stress…
Statoil and its partners submitted an amendment to the plan for development and operations (PDO) for the Gullfaks license to the Ministry of Petroleum and Energy for phase 1 of the Shetland/Lista development. Investment costs are estimated at some US$114…
Mitra Energy has completed the acquisition of 533sq km of full-fold 3D seismic data in the Block 127 Production Sharing Contract area, offshore Vietnam. The survey was undertaken by PTSC CGGV Geophysical Survey Co. using the 3D seismic survey vessel Amadeus…
Independent Oil and Gas (IOG) has started discussions with potential floating production, storage and offloading (FPSO) vessel providers for its UK north Sea Skipper development. The firm, which recently agreed to acquire 50% of the Skipper license from Alpha Petroleum…
Technip has won the contract to provide detailed engineering and procurement services for the topsides of what will become a floating production and offloading (FPSO) for Brazil's multi-billion barrel pre-salt Libra field. The FPSO, which will be a conversion from a shuttle tanker…
Exploration and appraisal activity in the North Sea doubled in the opening three months of the year following the UK Chancellor’s industry tax cut, new figures reveal. Data published by the Department for Energy and Climate Change (DECC)…
The Israeli government came to a decision to move forward in the development and expansion of natural gas fields off the country’s coast. Prime Minister Netanyahu. From GPO. 'Today…
Husky Energy started production from the South White Rose project in the Jeanne d'Arc basin offshore Newfoundland and Labrador. The first well has been brought online and the second well is scheduled to start up in late summer. Net peak…
Xodus Group has secured a contract for the vibration assessment and analysis on the oil train piping and structures for Zakum Development Co. at Zirku Island, 140km northwest of Abu Dhabi. The work, valued at over US$600,000, will pull in services from Xodus’ process…
Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…
Fugro’s multi-purpose drilling, well intervention and geotechnical vessel, Fugro Synergy, is proving her capabilities on a multi-well intervention campaign which recently started in the Gulf of Mexico. The campaign involves utilization of a top-tensioned 6…
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