Two people have died after a vessel under construction at Daewoo Shipbuilding & Marine Engineering Co. (DSME) caught on fire today (24 August) in South Korea, according to news reports. The Geoje Fire Station said a 39-year-old worker…
Image: Zhuhai skidway and assembly yard/Fluor Fluor Corp. and Offshore Oil Engineering Co. (COOEC) have formed a new joint venture, COOEC Fluor Heavy Industries Co., Ltd. (CFHI)…
Electromagnetic Geoservices (EMGS) announced a cost reduction program that will generate cuts in its fleet, workforce, and capital expenditures, which the company is blaming on challenging market conditions. The EM Leader…
Transocean was awarded approximately US$35 million for two different contract extensions that are about 11,000mi from each other. The Transocean Barents. From Transocean. US…
Primeline Energy has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration program of two wells in Block 33/07 in the East China Sea. Under the terms of the drilling contract, COSL has…
COSCO Shipping Co. Ltd. (COSCOL) has signed a contract with Shell Offshore Inc. for the transportation of the Appomattox semisubmersible offshore platform hull from South Korea to Ingleside, Texas. This contract was awarded as part of an enterprise frame agreement between Shell and COSCOL…
Otto Energy’s Hawkeye-1 exploration well, offshore Palawan basin in the Philippines, has been drilled to the planned total depth of 2920m. The top reservoir was intersected at 2710m. Hydrocarbons were logged between 2710m and 2737m in reservoir…
First oil has commenced from the Wassana oil field in the G10/48 concession in the Gulf of Thailand, operator KrisEnergy announced. Wassana is expected to achieve peak production of approximately 10,000 bo/d by year’s end. KrisEnergy…
Wood Group has been awarded the front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do (Red Emperor in Vietnamese) field offshore Vietnam; estimated to contain around 67 MMboe. Wood…
First oil and gas was produced from the H5 wellhead platform (H5-WHP) on the Te Giac Trang (TGT) field 10 August offshore Vietnam, says SOCO. The start of production was achieved one month ahead of schedule and the H5 development project has been completed with zero lost time accidents…
Japan's JOGMEC is to provide equity financing to fellow Japanese firms Idemitsu Kosan and Sumitomo Corporation, which acquired participating interests in the exploration Blocks 39 and 40/02 offshore, Vietnam. Idemitsu and Sumitomo signed the production sharing contract (PSC)…
Image: TAM International TAM International has restructured its regional businesses into two individual hemisphere-based groups in order to achieve higher performance rates and streamline its business objectives…
Inpex's Spari-1 well in Block 31 offshore Suriname is being plugged and abandoned after no significant hydrocarbon shows were found, according to partner Tullow Oil. The well, drilled to 3830m total depth in 52m water depth, found presence of the targeted Campanian turbidite sands…
AGR's board of directors has made internal promotions to appoint a new CEO and CFO, as current CEO, Åge Landro, moves on to a new role after 11 years with AGR. Svein Sollund, part of AGR’s executive team for eight years, has been appointed as CEO…
Keppel Offshore & Marine’s (Keppel O&M) wholly owned subsidiary Keppel Shipyard has secured a floating production storage and offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about US$89 million (S$125 million)…