Woodside has completed the acquisition of half of BHP Billiton’s Scarborough area assets in the Carnarvon basin, offshore Western Australia. The acquisition was concluded for a purchase price of US$250 million and a contingent payment…
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…
IKM Cleandrill has been awarded a three-year frame agreement with AkerBP for riserless closed loop mud recovery services. The initial operations under this contract will be production well drilling on the Alvheim development from the Transocean Arctic semisubmersible rig…
KBR selected and implemented Intergraph Smart 3D from Intergraph Process, Power & Marine (PP&M) to improve the execution of key projects for the design and construction of offshore platforms and large liquefied natural gas (LNG) liquefaction plants around the globe…
Saipem has been awarded new contracts with an overall amount of about US$1 billion, with two major deals awarded by Saudi Aramco. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering…
Coretrax, an engineered servicing company for wellbore clean up and abandonment, has radically expanded its Middle East presence by moving its Saudi Arabian operations into a 130,000sq ft facility in Dammam. 'We’ve worked hard to get…
Marine Scotland announced the award of two marine licenses in support of Aberdeen Harbour’s major plans to expand its facilities into Nigg Bay, to the south of the existing harbor. Issued under the Marine (Scotland) Act 2010, the licenses…
Bahrain authorities have invited Eni to study and assess the potential of some exploration and production assets in the country. To this purpose four agreements have been signed between the Bahrain Petroleum Co. (Bapco), Tatweer Petroleum and Eni…
The Canada - Nova Scotia Offshore Petroleum Board (CNSOPB) has not received any successful bids for its Call for Bids NS16-1 issued on 2 May 2016. The parcels are no longer up for bid and remain as Crown land. The next Call for Bids (NS17-1) will be issued in spring 2017…
As the industry heads into the third year of the downturn, market fundamentals for the deepwater segment continue to fight strong headwinds, Rystad Energy says. But, is 2018 the light at the end of the tunnel for the floating rig market? Utilization…
Farstad Shipping and a company in the Siem Industries group have entered into a non-binding letter of intent for the financial restructuring of Farstad Shipping, with Siem or a fund managed by Siem as a key equity investor. In accordance with the letter of intent…
Statoil awarded Coast Center Base (CCB) a contract for the reception and preparation of the two new category J rigs for Statoil: Boots and the Cinderella. The rigs are being built at the Samsung Heavy Industries shipyard in South Korea and are expected to the delivered in Q2 2017…
DNV GL awarded the first functional safety capability assessment (FSCA) certificate to Rockwell Automation, for their Functional Safety Management (FSM) system, and the first Functional Safety Product (FSP) certificate for the safety related…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) advises that exploration licenses (ELs) 1127 and 1128, located off Newfoundland’s west coast held 100% by Black Spruce Exploration, have been cancelled due to non-compliance…
North Atlantic Drilling (NADL) was awarded a 90-day contract from Total E&P UK Ltd. for the West Phoenix semisubmersible to work in the United Kingdom, West of Shetland. The total backlog for the contract is estimated at US$17 million…