New Zealand Oil & Gas (NZOG) entered a deal to secure a 50.01% holding in its Australian subsidiary, Cue Energy Resources. “Our controlling interest in Cue provides diversified exposure to Cue's production and exploration interests in Australia…
Operations at the Phoenix South-2 well have been safely completed and the rig has now left the drilling location, said Carnarvon Petroleum. The well drilled an estimated 39m hydrocarbon-bearing zone between approximately 5176-5215m with…
Petrobras has awarded the Brazilian built pipelay support vessel, Skandi Vitória, a contract of 532 days. The contract will commence in January. The vessel is owned through a joint venture together with Technip. Skandi Vitória is the first pipelay vessel built in Brazil…
Qinterra Technologies has been awarded a three-year wireline tractor and instrumented intervention services contract with a deepwater oil and gas operator in the US Gulf of Mexico, effective immediately. The scope of the contract includes tractor conveyance…
Production on 10 January 2017 from the Beibu Gulf fields, offshore China, reached a total of 13.9 MMbbl, according to Horizon Oil. Up until this point, the Block 22/12 participants have been paying a fixed operating tariff of US$4.75/bbl to China National Offshore Oil Corp…
The Petroleum Safety Authority Norway (PSA) has carried out audits within several disciplines at Snorre B, which is operated by Statoil. From 24 October to 7 November 2016, the PSA carried out an audit of Statoil's handling of major accident and working environment risk at Snorre B…
Pacific Radiance, a provider of integrated offshore marine support services, has re-established its presence in the Middle East with its recently inked multi-year contracts worth up to US$68 million, including options. Under the multi…
ACE Winches, a deck machinery specialist, has secured a spooling contract with Oceaneering for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) project. The contract will be the first time ACE Winches’ 500-tonne reel drive system is used…
GE Oil & Gas and Transocean signed a US$180 million contractual service agreement (CSA), to further maximize productivity and lower operating costs for Transocean. As a pioneer of new business models and performance-based service agreements…
Webtool, a hydraulic cutting tools provider, will highlight its latest cable gripper and retrieval tools, and electrically operated subsea cutters at Subsea Expo 2017. The stand will feature the Webtool cable gripper, which allows the…
Seatronics, an Acteon company and provider of marine electronic equipment, has formed a partnership agreement with Force Technology, an international technological consultancy company. The agreement will provide Seatronics’ global customer…
SapuraKencana Petroleum has been awarded several contracts via its subsidiaries worth a total of about US$300 million. SapuraKencana Subsea Services inked a two-year contract to provide underwater services for Petronas Carigali. The…
Maersk Drilling has taken delivery of its fourth XLE jackup rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk Invincible will now mobilize to the North Sea and will commence a 5-year…
A new publication to help guide the growing use offshore of unmanned aerial systems (UAS) – also known as drones - has been published by Oil & Gas UK. The Unmanned Aircraft Systems (UAS) Operations Management Standards and Guidelines were developed by a work group set up by the trade body…
Houston’s Dril-Quip has signed an agreement acquired OilPatch Technologies (OPT) in a US$20 million cash deal. Founded in 1990 and based in Houston, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products…
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