Subsea 7 has been awarded to new contracts for pipelay support vessels with Petrobras worth an estimated US$600 million. The contracts are for operation of the pipelay support vessels (PLSVs) Seven Mar and Seven Condor on a day rate basis for approximately three years…
McDermott International, Inc. announced that Stephen M. Johnson will retire from his positions as chairman of the board, president and chief executive officer— and as a director of McDermott in December 2013. David Dickson has agreed to join…
A high level of investment creates an opportunity for new entrants into the pipelay vessel market, says Douglas Westwood’s Singapore-based analyst Thom Payne. About 32,000km of offshore pipelines are expected to be installed over the next five years…
As part of SPE Offshore Europe 2013 ExxonMobil Fuels & Lubricants and Caterpillar Marine & Petroleum Division (CAT) joined forces for an interactive breakfast seminar, hosted by Offshore Engineer’s Paul Hutton. Maintenance and engineering…
UAE-based GMS Offshore Contractors is introducing a new class to its fleet, to further expand the business. The S-Class will be a new self-elevating, self-propelled DP2 jackup barge, bridging the gap between the firm’s existing smaller K-Class and large harsh weather E-Class jackups…
The strength and the level of activity in the oil and gas industry was clear at this year’s record-beating 40th anniversary SPE Offshore Europe. The event attracted more than 63,000 people—a number significantly higher than the anticipated 50…
W&T Offshore Inc. is set to acquire a portion of Callon Petroleum Operating Co.'s Gulf of Mexico acreage, the company announced on October 18, 2013. W&T will take a 15% working interest in the Medusa field (deepwater Mississippi Canyon blocks 538 and 582)…
TAM International marked its 45th anniversary and the opening of its recently-built manufacturing facility on October 18 with a tour of the facilities in Houston, Texas. The new site was open to employees in September. TAM specializes in inflatable packers…
Oceana Offshore will be building two platform supply vessels (PSV) with an option for two additional vessels based on the PX105 design from Ulstein. The vessels will be built at the new yard, Oceana Shipyard in Itajai, Brazil, and are scheduled for delivery in April and May 2016…
BP has selected a new head of exploration to replace Mike Daly, who is leaving BP at the end of 2013 after 28 years with the company. Richard Herbert returns to BP after serving as executive vice president at Talisman Energy since 2009…
Industry body Subsea UK is rebranding its flagship event for its tenth anniversary. The major exhibition and conference will now be known around the world as Subsea Expo and will stretch to three days as opposed to two in previous years. Subsea…
GMC Inc. has been awarded a contract to deliver its high strength fatigue resistant mechanical connector product as part of Total’s Republic of Congo Moho Nord TLP project. GMC will supply more than 100 sets of its concentric thread…
Industry body Oil & Gas UK has appointed finance and accounting firm EY to undertake further research into the economic contribution of Britain’s oil and gas supply chain to the UK – believed presently to be worth £27 billion. Using data from over 1000 companies…
Forces transforming the global energy industry are presenting both opportunities and challenges for Russia, according to senior government and industry figures at the World Energy Congress in Korea. Alexander Novak, Minister of Energy…
The first decommissioning relief deeds have been presented by new Economic Secretary to the Treasury Nicky Morgan to senior representatives from the oil and gas industry. The deeds will provide greater certainty over the tax relief companies…