Vaalco Energy entered into a deal with Sojitz Etame to acquire an additional 3.23% stake in the Etame Marin Permit, offshore of the Republic of Gabon, West Africa. Gabon operations. Image from Vaalco…
Osbit has successfully completed and loaded out US$3.96 million (£3 million) worth of well intervention equipment to Helix Energy Solutions, for installation in Schiedam on Helix’s chartered Siem Helix 1 vessel. The multi-million dollar…
Transocean has agreed to acquire all of the outstanding common units of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction that will also see the Houston-based company takeover three vessels. In the merger…
Van Oord, a dredging, marine engineering and offshore projects contractor, has reached agreement on the acquisition of the offshore wind activities of Bilfinger Marine & Offshore Systems, a German company active in the engineering, construction…
Completion of the first phases of an US$15.7 million (£11.95 million) quay extension at Lerwick Harbor’s deepwater Dales Voe Base has facilitated mobilization of a large offshore construction vessel ahead of a contract offshore Canada. Subsea 7’s 18…
Oceaneering International has completed its acquisition of Meridian Ocean Services. Meridian uses remotely operated vehicles (ROVs) to perform surveys on mobile offshore drilling units and floating production systems that satisfy the…
Forum Energy Technologies (FET) has opened a new plant near Houston expanding its syntactic foam manufacturing capabilities. The six-acre facility in Bryan, Texas, brings Forum’s Syntech product line closer to clients in the oil and gas industry and has the capacity to support future growth…
Fluor Corp. company Stork, was awarded a two-year fabric maintenance and asset support services contract by Repsol Sinopec Resources UK across six of their North Sea assets. Fluor booked the undisclosed contract award in Q2. Stork will…
A consortium of L&T Hydrocarbon Engineering (LTHE) and Emas Chiyoda Subsea (ECS) entered into a US$1.6 billion engineering, procurement, construction and installation (EPCI) deal with Saudi Aramco for the development of the second phase of Hasbah Offshore Gas field…
A new report from Reports and Reports called 'Global Well Intervention Market 2016-2021,' says worldwide, well intervention is forecast to grow at a CAGR of 4.34% from 2016-2021, on account of rising demand in the oil and gas energy along with aging well assets…
ExxonMobil has joined a joint industry project (JIP) to develop Viper Subsea’s innovative V-IR system. ExxonMobil has joined the V-IR project, which has been established through the Industry Technology Facilitator (ITF), at a crucial…
Rig inspection consultancy Aberdeen Drilling Consultants (ADC) has been awarded a contract by BP to provide engineering services support to more than 14 countries worldwide. ADC will deliver rig site assessments at all stages of operations…
Nigeria-focused Sirius Petroleum received approval from the Nigerian Federal Ministry of Environment on its environmental impact assessment survey (EIA) on the Ororo Field Licence, OML 95, which covers the drilling of three wells and the installation of wellhead platforms…
Integrated subsea and offshore solution provider Unique Group, through its subsidiary Unique Maritime Group (SEA), completed the acquisition of Oceanvision PTE Ltd. and Oceanvision Equipment Services PTE Ltd. Oceanvision will now be part…
Houston-based AFGlobal Corp. has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth. The resulting combination of companies will offer technologies covering both onshore and offshore applications, including deepwater managed pressure drilling (MPD)…
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