Camac Energy signed a contract with a subsidiary of Transocean for the provision of the semisubmersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria. The Sedco Express…
Petrobras encountered hydrocarbons in the Orca-1 exploration well in the Tayrona block offshore Colombia, according to partner Ecopetrol S.A. The drill reached a depth of 4243m. Image from Ecopetrol…
Business taxes: What could be in the Chancellor’s Red Box? Cathy Taylor, EY’s tax partner in Cambridge comments on her business tax predictions for the Chancellor’s Autumn Statement. “In the last Autumn Statement before the general election…
The ExxonMobil-Rosneft joint venture Karmorneftegaz SARL notified Norway's Siem Offshore that it has terminated Siem's contract for the 2015 season. The contract involves the charter of two AHTS vessels Siem Topaz and Siem Amethyst, and one PSV Siem Pilot…
McDermott International has concluded the transportation and installation of a Yoke-type single point mooring tower and hook-up to a floating storage offloading (FSO) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field…
Privately held Helideck Analytics Ltd. has acquired the Helideck Certification Agency (HCA), which provides inspection and certification services for offshore helidecks. Alex Knight. Photo from HCA. HCA is based in Aberdeen…
Cameron has been awarded a multi-year contract by ExxonMobil Canada Properties for wellhead equipment and production trees for the Hebron project, a 52-well development located offshore Newfoundland. Cameron will supply large-bore, high-pressure equipment including wellheads…
Acteon Group Ltd. has acquired UTEC, a specialist provider of offshore survey services to the worldwide oil & gas industry. UTEC offers a complete range of marine survey services, from pre-engineering geophysical, geotechnical and metocean…
Chilean helicopter services operator EcoCopter has prepared for a new contract with ENAP (Empresa Nacional del Petróleo), the Chilean national petroleum company, which started on 1 December 2014. Eurocopter…
Keppel FELS Ltd., a wholly owned subsidiary of Keppel Offshore & Marine Ltd., is ready to deliver the Jindal Explorer, a KFELS B Class jackup drilling rig to Star Drilling Pte. Ltd., an associate company of India’s D P Jindal Group (Jindal)…
Ahead of the autumn statement by British Chancellor of the Exchequer George Osborne on Wednesday, 3 December 2014, Ignacio Fernandez provides an economic analysis of fiscal terms for the UK Continental Shelf (UKCS). UKCS exploratory drilling…
While high development costs are deeming many Australian liquefied natural gas (LNG) projects economically unfeasible, the country should stay focused on these rather than gambling on floating liquefied natural gas (FLNG) technology too soon…
Electromagnetic Geoservices ASA (EMGS) entered into a data licensing agreement with Statoil ASA worth US$10 million for the provision of 3D EM data from EMGS' multi-client data library in Norway. After adjustment for partner's share of the revenues…
Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border…
Production of crude oil and natural gas began for Chevron Corp.’s Jack/St. Malo project in the deepwater US Gulf of Mexico (GoM). The Jack/St Malo semisubmersible floating production unit. From Chevron…