Aqualis Offshore completed the marine warranty services for the dry transportation of the mobile offshore drilling unit Valiant Driller jackup from Indonesia to India, where it will operate for ONGC. Aqualis currently provides marine warranty services on 26 rigs offshore India…
Wärtsilä inaugurated its first unit at Porto do Açu in São João da Barra (RJ), Brazil. This is the first assembly plant and production unit for generator sets and azimuth thrusters in Brazil for Wärtsilä. Covering 4000sq m of floor space…
Norske Shell has awarded IKM Subsea a long term IMR and ROV service contract. The contract value including options about US$19.1 million (150 million NOK) and duration term is firm for five years, plus five yearly options. “We are…
Alphastrut has expanded its operations by opening an office in Busan, South Korea. The Scotland-headquartered company has already enjoyed success in having its weight-saving aluminum support system specified for use on major North Sea platform developments for BP…
Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, operating under the name IHC IQIP. All four IHC business units have already proved their capabilities on a global scale…
Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal…
ShawCor Ltd.(SCL) completed the acquisition of Dhatec B.V. for an undisclosed amount. “The acquisition of Dhatec will complement our pipeline performance strategy of combining pipe coating products and services into innovative solutions…
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), is on track to deliver PV Drilling VI, a KFELS B Class jackup rig, to PV Drilling Overseas (PVDO), a subsidiary of PetroVietnam Drilling & Well Services Corp (PV Drilling) on time and on budget…
Helix Energy Solutions Group (HLX) and BP Exploration & Production have agreed to amend their existing 2013 agreement for the Q5000 to provide well intervention services in the U.S. Gulf of Mexico. The amendment will defer the commencement of work…
Oil and gas services provider Petrofac has agreed to form a strategic marketing alliance with McDermott International in the deepwater, subsea umbilicals, risers and flowlines (SURF) sector. Under a Memorandum of Understanding (MoU), the two will form a five-year alliance…
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, entered into an agreement to farm-out a 30% working interest in PL338C to Lime Petroleum Norway. PL338C contains the Gemini prospect, which is currently being drilled with the Island Innovator rig…
Farstad Shipping ASA signed a letter of intent (LOI) with Technip regarding utilization of the subsea vessel Far tbn Sleipner. The agreement is to secure the vessel for a period of 11 months, divided into two fixed periods. Including mobilization and demobilization…
BP and Maersk Training singed a five-year contract that will offer advanced training programs for BP’s offshore drilling teams to be based in Houston, Texas. Maersk Training facility at Svendborg. From Maersk Training…
Centrica has cut its exploration and budget 40% saying that it thinks oil prices will remain low for the rest of 2015 and potentially also into 2016 and 2017. The comments, made by the firm's CEO Iain Conn, echo BP CEO Bob Dudley's…
Technip CEO and chairman Thierry Pilenko says the headwinds facing the industry, both before and following the oil price collapse imply a 'prolonged, harsh slowdown' in many parts of the oil and gas industry. Pilenko, outlining the firm's 2014 results…
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