Statoil is cutting its contract short for Stena Drilling's Stena Don semisubmersible drilling rig, leading to about 180 job cuts. The Stena Don, from Stena Drilling. The rig has been on contract with Statoil since 7 February 2014…
FMC Technologies is moving forward with its aggressive tactics to make more job cuts in Q4 2016, as the company reported a 29% drop in revenue for Q3 2016. Illustration of FMC Houston offices, from FMC Flickr…
Verus Petroleum entered into a sale and purchase agreement with Maersk Oil North Sea UK for the acquisition of Maersk Oil’s 9.8% interest in the Boa oil field, increasing Verus’s interest in the Boa field to 11.35%. The deal also adds approximately 1800 boe/d to Verus’s daily production…
Subsea 7 has been awarded a substantial contract on the BP-operated deepwater Atoll field offshore Egypt. Atoll, a 1.5 Tcf and 31 MMbbl condensate field, in 900m water depth in the North Damietta Offshore Concession in the East Nile Delta…
Subsea power cable and umbilical manufaturer JDR has revealed plans to open a new European service support center in Newcastle upon Tyne, UK to deliver greater service value for clients and support anticipated growth. Located on the River Tyne…
Oceaneering International has acquired privately-held Blue Ocean Technologies, a provider of riserless light well intervention (RLWI) services, in a US$30 million cash deal. Included in the acquisition are three RLWI systems, two of which are currently under construction…
French supermajor Total has made a small gas and condensate discovery in the northeast part of the Martin Linge field offshore Norway. Total estimates about 12-69 MMboe was found in the well, on production license 043, drilled using the Maersk Intrepid jackup in 115m water depth…
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…
Optime Subsea Services, subsea technology company, will merge with engineering house Telemark Technologies to fast-track its subsea installation solution. Telemark Technologies is a supplier of pressurized vessel systems for testing operations of subsea…
Aker Solutions and MAN Diesel & Turbo say they expect to cut the size and weight of subsea compression systems by at least 50%, just a year after the first such system successfully went on stream at Statoil’s Åsgard field. Image: Before and after…
Teledyne Webb Research (TWR), a manufacturer of autonomous underwater vehicles (AUVs) including the Slocum G2 glider and Slocum hybrid glider, has released their new glider piloting software, the Slocum Fleet Mission Control Software (SFMC)…
Rosenberg WorleyParsons has been awarded a contract with Subsea 7 for the fabrication of subsea structures and pipes for Wintershall’s flagship development in Norway. This is the second in a series of deliveries for Rosenberg to Subsea 7 and Maria project…
Oceaneering International is expanding its presence for autonomous underwater vehicle (AUV) survey services to the West African region. Oceaneering currently serves the US Gulf of Mexico with a fleet of state-of-the-art commercial AUVs…
Subsea services provider DOF Subsea said it has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Ithaca-operated Athena field in the UK North Sea. Athena is in UK Continental Shelf block 14/18B in the…
FES International delivered nine diverless bend stiffener connectors (DBSC) to the Atlanta field in the Santos Basin, offshore Brazil, operated by Queiroz Galvão Exploração e Produção (QGEP). The DBSCs, a part of a multi-million dollar contract between FES and QGEP…