Technip has agreed to take a majority stake in Norwegian firm Inocean after entering into a strategic cooperation agreement with the firm, to further develop offshore floater engineering services for the Norwegian continental shelf and other offshore markets worldwide…
Aker Solutions' subsidiary Aker Oilfield Services was notified by Total in Angola of the termination of a US$250 million, two-year contract for the Skandi Aker vessel. Skandi Aker started operations as a well-intervention vessel for the first time in September last year…
Russian national Rosneft and private oil giant Lukoil have started drilling appraisal well №. 1 at the Caspian Oil Co.-operated Ribachya structure in the North Caspian project license. Total prospective resources of the block are estimated at 1…
First steel cut on two supply vessels for Russia's Lukoil has started at Keppel Nantong Shipyard Co.'s yard in Nantong on 18 June. The two Russian Maritime Register of Shipping (RS) class vessels have been designed to supply resources…
Statoil will pay COSL Offshore Management (COM) a one-time settlement of US$65 million under an agreement reached today that ends disputes related to the stand-by fees of two semisubmersible platforms. The stand-by fees stemmed from the installation of third-party equipment…
Italian shipbuilder Fincantieri is making an initial public offering to raise funds for projects and acquisitions. The company is wholly owned by Italian state lender Cassa Depositi e Prestiti (CDP). It will offer up to 38.2%, and new shares will be priced between €0…
OceanGeo BV completed an ocean-bottom cable seismic survey in the Gulf of Paria off Trinidad for the state-owned Petroleum Co. of Trinidad and Tobago Ltd. (Petrotrin). The work began 2 Jan 2014 and the wide-azimuth acquisition work was completed on 30 May 2014…
The Oyo-8 development well, located offshore Nigeria in OML 120, was spudded on 15 June 2014, operator CAMAC Energy Inc. announced. The Oyo-8 well, which CAMAC Energy owns and operates with 100% interest, lies within the Oyo field, which…
The topside destined for the Valemon field offshore Norway was loaded onto the heavy transport vessel Dockwise Triumph at Samsung Heavy Industries in South Korea, on 1 June 2014. The 216.75m-long vessel left the Geoje yard on the morning of 15 June…
Netherlands-based Vroon Offshore Services started operations in Turkey this week. The company’s anchor-handling tug-supply (AHTS) vessels, VOS Tethys and VOS Athos, are currently assisting in positioning operations for the jack-up drilling rig GSP Prometeu…
KNOT Offshore Partners LP formed an agreement with Brazil Shipping I Ltd., an affiliate of BG Group, for the time charter of shuttle tanker Windsor Knutsen, the company announced on 13 June 2014. The charter has an initial term of two years…
Eni Norge AS awarded DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of…
MV Connor Bordelon is the host vessel for Baker Hughes new StimFORCE stimulation system in the Gulf of Mexico. Nina Rach went to Houma, Louisiana, to see the modular installation. Baker Hughes recently constructed a new stimulation vessel dedicated to the Gulf of Mexico market…
Total’s CLOV deepwater oil development offshore Angola in Block 17, began production on schedule, the French company announced on 12 June. The development is expected to reach daily production capacity of 160,000bbl in the coming months…
Dutch floating platform leaser SBM Offshore NV will not participate in the upcoming Petrobras Tartaruga Verde and Libra tenders, the company announced 12 June, adding that the decision resulted from conversations held between the two giants on 28 May…