Offshore Activity - page 1116

 

Shell exits Wheatstone project

Jan 20, 2014

Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia.  The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…

DNO seals Tunisia deal

Jan 20, 2014

Norway's DNO International AS has completed a farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia. The agreement, with Eurogas International Inc…

Petrofac designs multipurpose vessel

Jan 20, 2014

London-listed oil and gas industry service provider Petrofac has placed the first long-lead orders for its new in-house-designed deepwater derrick lay vessel, to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China…

New shipyard opens in Sharjah

Jan 16, 2014

Albwardy Marine Engineering opened the Damen Shipyards Sharjah FZE (DSS) in the Sharjah Hamryah Free Zone on 13 Jan 2014. In a joint venture between the Damen Shipyards Group and Albwardy Marine Engineering, the core activities at DSS will…

Halliburton to open Louisiana facility

Jan 15, 2014

Halliburton plans to open a new integrated completion center located in New Iberia, Louisiana. This new facility will expand the company’s resources and capabilities for deepwater completion tools while continuing to focus on service alignment…

GE releases SemStar5

Jan 13, 2014

Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas is supplying Statoil Petroleum AS with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the…

AMEC eyes Foster Wheeler

Jan 13, 2014

UK-based engineering and project management firm AMEC has said it has made a provisional offer to buy Switzerland-headquartered Foster Wheeler AG for US$3.2 billion.Foster Wheeler is an international engineering, construction and project management contractor…

New CEO for OneSubsea

Jan 13, 2014

John Carne is to retire from his role as CEO of new joint venture OneSubsea on February 28, 2014, it has been announced.John has served as CEO of OneSubsea since the Cameron and Schlumberger joint venture was formed on June 30, 2013. Previously…

Petrofac exec to lead Kosmos

Jan 13, 2014

Petrofac's Integrated Energy Services (IES) business chief executive Andy Inglis is to leave the company at the end of February 2014 and join exploration firm Kosmos Energy as CEO and chairman, based in Dallas, Texas.Inglis will join the Kosmos board on March 1…

North Sea slowdown predicted

Jan 13, 2014

Wood Mackenzie’s annual UK upstream oil and gas review concluded that 2013 was a mixed year for the industry.Capital investment continued to increase, however, this was set against the backdrop of project delays, production underperformance and poor exploration success…

CIMC wins jackup orders

Jan 10, 2014

Yantai CIMC Raffles Offshore (CIMC Raffles) has won an order for two jackups from newcomer Central Shipping Monaco (CSM). The two rigs will be Friede & Goldman JU2000E design and scheduled to be delivered at the end of 2015. CSM also…

Aker completes sale to EQT

Jan 09, 2014

Aker Solutions completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund.The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker…

CAMAC inks FPSO

Jan 09, 2014

CAMAC Energy Inc. has signed a letter of intent (LOI) on the terms and conditions of a long-term agreement for the use of the Armada Perdana floating, production, storage, and offloading system (FPSO) as part of its further development of the Oyo field offshore Nigeria…

Fieldwood gains GoM assets

Jan 08, 2014

Fieldwood Energy LLC acquired SandRidge Energy, Inc.’s Gulf of Mexico and Gulf Coast business unit for US$750 million, with an effective date of Dec. 1, 2013, and subject to customary purchase price adjustments. As part of the transaction…

AMEC wins North Sea EPC work

Jan 07, 2014

Nexen Petroleum UK Ltd, a wholly-owned subsidiary of CNOOC, awarded AMEC a six-year contract to provide engineering, procurement, and construction (EPC) services for Nexen's North Sea offshore assets. The work will cover operational modifications and brownfield projects…

Current News

India Defends Propping Up Russian Oil - Prices "would have hit the roof"

India Defends Propping Up Russ

Oil Dips 2% as Hurricane Fears Ease

Oil Dips 2% as Hurricane Fears

ND Governor Burgum on Trump's Energy Shortlist

Baker Hughes: US Rig Count Remains Steady

Baker Hughes: US Rig Count Rem

Subscribe for OE Digital E‑News

Offshore Engineer Magazine