The first 360° ROV to work in any orientation - even upside down - has been re-launched by Saab Seaeye. The Sea Owl concept, successfully introduced by Saab in the 1980s, has been completely re-engineered with new chassis, advanced technology content and increased work capability…
Newfield Exploration Co., based in The Woodlands, Texas, today announced the signing of a share purchase agreement to sell all of its equity interests in Newfield Malaysia Holdings to SapuraKencana Petroleum Berhad for a total cash consideration of US$898 million…
Israel first hit the international stage as an oil and gas country in 2003, when Houston-based Noble Energy discovered the Mari-B field. The Tamar and Leviathan fields were discovered 2009-2011. All are located in the Levant basin, which encompasses about 83…
InterMoor has been awarded a contract for design, fabrication and installation of 12 suction pile anchors, pre-set installation of 12 chain polyester chain mooring lines and hook-up of the LLOG Delta House production semi-submersible floating production system (FPS)…
Petrobras’ P-55 Floating Production Unit (FPU), the largest and the first of this kind entirely built in Brazil, is on its way to the Roncador field, Campos basin, where it will be installed in a water depth of 1,790m. The column-stabilized semisubmersible has a capacity of 180…
Standard & Poors said that Transocean Ltd. (RIG) would replace computer maker Dell Inc. (DELL) in the S&P 500 index, effective 28 Oct 2013. The S&P 500 index one of the most commonly followed stock market (equity) indices and it is based…
Eni Norge’s exploration well on the Bønna prospect was dry, according to the Norwegian Petroleum Directorate (NPD). The wildcat well 7016/2-1 was the first drilled in production license 529 in the Barents Sea, about 185km southwest of the Snøhvit field and 160km northwest of Tromsø…
Two agreements announced today will see subsea services firm DeepOcean take on a newbuild installation vessel and Norwegian shipyard Kleven undertake its largest order to date. DeepOcean has agreed to a five and a half year charter, starting March 2016…
North Sea drilling activity eased during Q3, 2013, following an encouraging Q2, according to a report into offshore activity from Deloitte's petroleum services group (PSG). The report found that the number of new wells drilled on the UK Continental Shelf (UKCS) fell by around one third…
Platform supply vessel Edda Ferd (hull C-444) departed from the Gondan shipyard in Spain, bound for Gijon port to carry out sea trials. The vessel is the eighth built by the shipyard for the Norwegian company Ostensjo Rederi and its delivery is scheduled for November 2013…
A consortium of companies, including Royal Dutch Shell plc, Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil. The Brazilian regulator…
ArcelorMittal has been selected by Technip to supply highly-resistant steel wires for the development of offshore fields. ArcelorMittal’s site located in Bourg-en-Bresse is currently developing a partnership to supply highly-resistant…
It's not all about work when you're out at sea. Subsea 7's crew onboard the Bourbon Peridot multipurpose supply vessel collaborated for this fun rendition of the song 'Africa' by Toto while in Equatorial Guinea off West Africa. The video clip…
Eni's Vietnam subisidiary, Eni Vietnam BV, has spud the Ca Ngu-1 exploration well off central Vietnam, partner KrisEnergy announced. The Ca Ngu-1 well, which is being drilled by the Songa Mercur semisubmersible rig, is located in the Gulf of Tonkin in Block 120…
Corrosion has long been the bane of the oil industry. Now new approaches and coatings are resolving the difficulties and providing intriguing possibilities for offshore pipelines, explains Tony Collins of EonCoat. In the oil and gas industry…