Drydocks World is to build an external turret mooring systems for JX Nippon’s Layang field floating production vessel offshore Malaysia. Under a contract with UK-based naval architects Orwell Offshore, Dubai-based Dydocks World is expected to supply the turret system by Q1 2016…
Shell’s Executive Vice President, Arctic, Ann Pickard discussed the supermajor’s investment and current challenges facing its Arctic exploration program at this year’s Offshore Technology Conference (OTC) in Houston on 5 May 2015. In the summer of 2015…
With West Texas Intermediate trading at US$60.13/bbl and NYME natural gas set at $2.94/MMBtu, hydrocarbon producers are looking for ways and means to survive the low price environment. Some of those that are best weathering the storm are those that made specific choices before the fall…
Houston-headquartered engineering firm McDermott has made nearly 1700 job cuts following a review of the company's cost structure. The firm says 475 were cut up to March, through organizational efficiencies, which have helped save some US$27…
Engineering and project management firm Atkins has own a pre-front end engineering and design decommissioning contract with Centrica Energy. The five-year agreement will see Atkins provide UK-based Centrica with engineering and design services…
Diamond Offshore's Ocean Victory semisubmersible drilling rig has arrived in Trinidad and Tobago to start drilling operations for BP. The rig, which is currently taking on personnel, equipment and supplies, in port, is due to move to the Juniper field…
Premier Oil is planning to make sanction decisions on its Falkands Sea Lion and Norwegian Vette developments in 2016, the operator said this morning. The plans come as the firm says it is making “improved progress” on the completion…
Massy Wood Group has been awarded a five year contract, worth up to US$250 million, by BP to provide services to its operations in Trinidad & Tobago. The company, which is jointly owned by UK-based Wood Group PSN (WGPSN) and the energy division of Massy Holdings…
French seismic firm CGG has launched a western extension of the Horda BroadSeisTM-BroadSourceTM 3D multi-client program it began acquiring in the Northern North Sea offshore Norway in 2014. The extension, known as Tampen, is in the Northern…
Sky-Futures, a provider of drone inspection services for the oil and gas industry, has raised US$3.9 million (£2.5 million) from venture capital fund, MMC Ventures, the largest investment into drone technology in Europe. The Series…
A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multiCompletionSystem (mCS) can provide up to 80% time and cost savings on subsea tree installations compared to traditional solutions…
BP awarded Technip a lump sum project for the design, engineering, fabrication, installation and pre-commissioning of the new production pipeline systems on the south side of the Thunder Horse production drilling quarters unit in the Gulf of Mexico…
Subsea 7’s cost reduction program announced today includes cuts to its workforce by almost 20%, vessels by 28%, and is expected to lead to a corporate restructuring. Image from Subsea 7. The…
Boskalis-subsidiary Dockwise loaded the first ship-shaped floating, production, storage and offloading vessel (FPSO) onto the largest semisubmersible heavy transport vessel in the world. The Armada Intrepid FPSO was loaded onto the Dockwise Vanguard in the Caland canal…
AziNam, an offshore, Namibia-based exploration company, received government approval to assume operatorship of Petroleum Exploration License (PEL) 34 offshore Namibia. During 2014, AziNam increased its working interest in PEL 34 from 20% to 40%…
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