Transocean, has opted to delay delivery, and final payments, on two dynamically positioned ultra-deepwater (UDW) drillships currently under construction at Sembcorp Marine's subsidiary Jurong Shipyard. The proprietary Jurong Espadon…
Sequa Petroleum is dropping out of two deals to acquire stake in the Gina Krog and Ivar Aasen projects in the North Sea due to the current market conditions. Image of Ivar Aasen, from Det Norske…
Beach Energy and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta and Gummy gas field permits VIC/L26, 27, and 28 (BMG joint venture) in the offshore Gippsland Basin into retention leases…
Ampelmann and Sakhalin Energy Investment signed an agreement to install and operate a winterized version of an Ampelmann’s motion compensated gangway system. This system is designed to be capable of safely and efficiently transferring work crew in temperatures down to -28˚C…
The repair of the Polyarnaya Zvezda and Severnoye Siyaniye, sixth generation semisubmersible mobile offshore drilling units (MODU), have been completed under the survey of Russian Maritime Register of Shipping (RS) at Yantai CIMC Raffles Offshore Shipyard in Yantai…
Australia-based upstream company New Guinea Energy (NGE) has made an investment of some US$2.7 million (AU$3.55 million) in Karoon Gas Australia, representing about 18% of the company’s net assets. NGE, focused in Papua New Guinea (ONG)…
The Norwegian Petroleum Directorate (NPD) has granted Statoil a drilling permit for wells 30/11-12 S and 30/11-12 A in production license 035 (PL 035), part of block 30/11 in the Norwegian North Sea. Well 30/11-12 S is wildcat well that…
In late February, Weatherford completed a drilling and reaming project near Sakhalin Island, Russia, that resulted in a total of 52 hours in rig time saved. The operator contracted Weatherford to enlarge a 3641ft (1110m) hole section from 8…
Badger Explorer (BXPL) has received a letter of intent (LOI) from Statoil confirming its support BXPL's development program in 2016. The objective of the development program is to further develop, design and qualify technologies and solutions…
Atlantic Offshore has sold most of its operations and subsidiaries to newly established company Aegopodium in a US$2.1 million (NOK 16.9 million) deal, after its own restructuring solution was rejected by stakeholders. The Ocean Sprite…
Statoil has awarded Proserv a multimillion-dollar contract to provide production control equipment for its Gullfaks project in the North Sea. Upon the terms of the agreement, Proserv will supply five wellhead hydraulic power units for the field…
Australia’s Woodside Energy and Korea Gas Corp. (Kogas) entered into a memorandum of understanding (MOU) to renew a partnership that has been in place since 2011. The MOU, signed by Woodside CEO Peter Coleman and Kogas president and CEO Lee Seung-Hoon…
Eni has expanded the adoption of Halliburton Landmark’s DecisionSpace Geosciences across its exploration business units worldwide. Eni decided to expand the utilization of Landmark’s solution in order to improve efficiency through integration and cross-disciplinary collaboration…
Archer has been awarded a five-year contract by ConocoPhillips for the provision of mechanical wireline services for the Norwegian Continental Shelf. The contract was awarded following a competitive tender process for ConocoPhillips’ well intervention services in Norway…
Wood Group has acquired Ingenious Inc., a supplier of proprietary software and consulting services to the global chemical, oil and gas, and energy industries. The acquisition provides a manufacturing operations management systems capability…