Fossil Oil is planning a new drilling project named Fossil-North Eagle Bay Offshore JV – I – 2015 offshore Texas. The project involves directionally drilling a lower risk offshore prospect in 12ft of water to a depth of 14,800ft to potentially…
L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro (L&T), has won an offshore contract for the Bassein Development Project from the Oil and Natural Gas Corp. (ONGC) valued at US$427 million (2715 crores). The contract encompasses total engineering…
Red Emperor Resources is raising US$4.4 million (AU$5.76 million) for its upcoming drilling a appraisal program offshore the Philippines. The Maersk Venturer. From Maersk. The activity will take place in the deepwater Block SC55…
Statoil will make adjustments to the company’s structure and operating model to become a more “cost- efficient and fit-for-the-future” organization, it reports. The changes are part of the ongoing Statoil Technical Efficiency Program (STEP) and Organizational Efficiency (OE) programs…
Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and production phases…
Siemens has celebrated the official christenings of the offshore wind industry’s first, purpose-built service operation vessels (SOV). The christening events took place in cooperation with Esvagt, owner of the two vessels, in Rostock, Germany…
Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also commenced on the partner-operated…
Suncor Energy will plug and abandon the Niobe exploration prospect after failing to find significant hydrocarbons, according to partner Trap Oil. Niobe is located in license P.1989, in Blocks 12/26b and 27b in the UK North Sea. The…
Umbilicals International (UI), part of the Seanamic Group, has invested over US$2 million in new cable manufacturing lines at its Houston production facility. The two lines will streamline cable production, and marks a significant expansion…
GE Oil & Gas announced the official opening of its new innovation center in Newcastle, UK, designed to drive technology development for the subsea fields of the future. The center houses GE’s full suite of testing equipment for flexible pipelines…
Subsea cable and connector specialist Hydro Group has further strengthened its portfolio with the addition of a new state-of-the-art hydrostatic pressure vessel, following a US$393,000 (£250,000) investment. The 2.5m by 1.5m vessel…
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…
Wood Group has entered into a US$250million agreement with Antin Infrastructure Partners (Antin IP) to provide operating services for the Central Area Transmission System (also known as CATS) in the North Sea for up to 10 years, subject to certain regulatory and other consents…
Anadarko's Heidelberg truss spar has set sail from Ingleside, Texas, to its future home at Green Canyon block 859 in the US Gulf of Mexico. The journey is some 390mi off the Texas coast. The US independent confirmed the news via Facebook on Tuesday…
Oil and gas supply chain leaders need to drive “transformational change” to bring down costs before the multi-billion North Sea decommissioning program will start, a leading industry figure said. Supply chain companies in the East of…