Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…
Singapore’s Keppel is cutting more than 3000 jobs in its offshore and marine division (Keppel O&M) due to slow global growth and weak demand in the first nine months of the year, the company said today (20 October). Image from Keppel…
Trelleborg’s engineered products operation has successfully completed its supply of floatover equipment for the Petronas NC3 gas field, located in Block SK316, 200km north of Bintulu, Sarawak in Malaysia. Trelleborg provided PAPE Engineering…
Maersk Drilling has named its fourth XL Enhanced ultra harsh environment jackup the Maersk Invincible, on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. Maersk Invincible…
Petronas Carigali awarded Technip a subsea contract for the Samarang Redevelopment Project Phase 2 EOR, offshore Malaysia. Under the terms, Technip will manage the engineering, supply, construction, installation and commissioning (EPCIC) of flexible pipelines…
Tenaris opened a new premium threading facility in Aktau, Kazakhstan. The new plant will support Tenaris’s long-term agreement with Karachaganak Petroleum Operating (KPO), plus key operator Tengizchevroil (TCO) and will enhance service offerings…
SEA Hibiscus has signed a US$25 million deal with Shell to acquire operatorship and 50% stake in four fields in the 2011 North Sabah Enhanced Oil Recovery production sharing contract (PSC), offshore Sabah, Malaysia. Malaysia operations…
Supermajor BP has dropped its deep water drilling plans in the Great Australian Bight, offshore South Australia. The project will not be able to compete for capital investment with other upstream opportunities in its global portfolio in the foreseeable future…
Oil India Ltd. (OIL) and the University of Houston (UH) have entered into an agreement to collaborate on technologies required to maximize recovery from aging oilfields in India. The duo will cooperate in the fields of improved oil recovery and enhanced oil recovery…
The Wuchang Shipbuilding Industry Group yard in China has delivered two new Wärtsilä designed anchor handling tug supply (AHTS) vessels to China Oilfield Services Ltd. (COSL). The delivery of these two ships follows the success of the…
India’s Reliance Industries has elected to terminate its contract with Transocean for the Discoverer India ultra deepwater drillship at the end of the year. The rig provider announced Reliance’s exercise to its contractual option to terminate the effective December 2016…
Desktop whiteboards, iPads and even 3D printed models are being used to help train today’s well control engineers. Elaine Maslin sets out the detail. From the comfort of your iPad. Photo from Learn to Drill…
In a short period of time, drones have shot to popularity as a tool for offshore oil and gas facility inspection. Elaine Maslin profiles the technology and its providers. Flying high. Image from Sky-Futures…
Audrey Raj speaks to Shell and Technip about Malikai’s TLP, a first-of-its-kind designed and built in Malaysia for the field offshore Sabah. Malikai TLP onboard Dockwise White Marlin HTV. Photos from Shell…
MISC Berhad saw the sailaway of its Marginal Marine Production Unit (MaMPU 1), a fit-for-purpose FPSO for the development of marginal fields, in a ceremony this week at the MMHE East Yard, Pasir Gudang. Doves…