Offshore Activity - page 1121


Petrobras extends Subsea 7 PLSV contract

Oct 21, 2013

Subsea 7 has been awarded to new contracts for pipelay support vessels with Petrobras worth an estimated US$600 million. The contracts are for operation of the pipelay support vessels (PLSVs) Seven Mar and Seven Condor on a day rate basis for approximately three years…

Bourbon sells support vessels

Oct 18, 2013

Bourbon announced that it sold three vessels, including a tug, an MPSV (multipurpose supply vessel) from the Subsea Services fleet and a PSV (platform supply vessel), for an approximate total amount of US$38 million generating a total capital gain of approximately US$18 million…

W&T adds to GOM portfolio

Oct 18, 2013

W&T Offshore Inc. is set to acquire a portion of Callon Petroleum Operating Co.'s Gulf of Mexico acreage, the company announced on October 18, 2013. W&T will take a 15% working interest in the Medusa field (deepwater Mississippi Canyon blocks 538 and 582)…

WEC - opportunities and challenges for Russia

Oct 18, 2013

Forces transforming the global energy industry are presenting both opportunities and challenges for Russia, according to senior government and industry figures at the World Energy Congress in Korea. Alexander Novak, Minister of Energy…

UK decommissioning deeds launched

Oct 18, 2013

The first decommissioning relief deeds have been presented by new Economic Secretary to the Treasury Nicky Morgan to senior representatives from the oil and gas industry.  The deeds will provide greater certainty over the tax relief companies…

GOM major projects have blossomed-a picture IS worth a thousand words

Oct 16, 2013

The US Gulf of Mexico (GOM) has clearly returned to the spotlight as one of the hottest offshore regions in the world. The impact of Macondo appears to be in the past and the number of both drilling rigs and major production projects are increasing…

BP picks up acreage off Morocco

Oct 15, 2013

Kosmos Energy has entered into three farm-out agreements with BP plc covering three blocks in the Agadir Basin, offshore Morocco. Under the agreement, BP will pick up 30% non-operating interest in Essaouira, 26.325% in Foum Assaka, and 45% in Tarhazoute…

British Columbia releases marine spill study

Oct 13, 2013

The Canadian province of British Columbia released a comprehensive study assessing current marine-spill preparedness and response capabilities on 10 October 2013. The study also outlines necessary improvements to achieve a world-class system to ensure B…

Shutdown could affect GOM

Oct 11, 2013

Over the past week, the government shutdown has steadily crept into more sectors of the oil and gas industry. The Energy Information Administration (EIA) shuttered today, sending a message to subscribers at 1 pm ET that it would furlough…

Statoil doubles existing Houston office space

Oct 09, 2013

Statoil Gulf Services, the North American subsidiary of the Norway’s Statoil, has signed a lease for 581,000 square feet in CityWestPlace to serve as their North American headquarters. The company already 225,000 square feet in the complex…

East Africa remains hot property

Oct 09, 2013

Wood Mackenzie has predicted upstream investment in East Africa will reach US$7 billion by 2018. Martin Kelly, head of Sub Sahara Africa upstream research for Wood Mackenzie, told delegates at the East Africa Oil and Gas Conference today…

Wood Group and Siemens create JV

Oct 09, 2013

UK-based engineering firm Wood Group is to form a joint venture with Germany’s Siemens to provide integrated rotating equipment services.  The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…

Atwood Oceanics sells Vicksburg jackup

Oct 08, 2013

Atwood Oceanics, Inc. has agreed to sell its standard jackup drilling unit, The Vicksburg, to Gulf Drilling International Ltd (Q.S.C.) for US$55.4 million. The sale is expected to close in early 2014 following the completion of the unit's contract with CEC International…

Enermech lands £90m funding package

Oct 08, 2013

Two banks have joined Bank of Scotland to provide a £90 million funding package for oil and gas engineering group EnerMech. EnerMech said the addition of backing from Norwegian bank DNB and HSBC to that of its support from Bank of Scotland reflected its recent growth…

Viking takes stake in Saatsea

Oct 08, 2013

Life-saving equipment firm Viking has bought a major stake in IT startup Saatsea. The firm, which will be renamed Viking Saatsea, provides cloud-based onboard training and competence management systems to industry.  It was set up…

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