Maersk Drilling has chosen to equip its soon-to-be completed XL Enhanced 4 jackup rig with seven Boat-In-A-Box lifeboat and rescue boat systems from the Danish davit manufacturer Xervo. The system was developed in line with NORSOK R-002 standards and meets those standards…
Netherlands-based Royal Boskalis Westminster provides this animation of the new ultra large Dockwise V-class heavy marine transport vessel that it is currently studying.
UK offshore oil and gas industry optimism continues to decline amid rising operating costs and a decline in exploration activity. But, despite the declining optimism, sentiment in the industry still remains positive, according to Oil & Gas UK’s Q1 2014 Business Sentiment Index…
The urgent need to address the global cost competitiveness of Australia’s oil and gas industry has been highlighted by a new analysis that shows fewer exploration wells are being drilled offshore despite significantly higher expenditure. An…
UK plate and specialty metals supplier Murray Metals (MM) has bought Alphastrut, giving it a foothold in the offshore oil an dgas industry. Alphastrut offers an aluminium support and cable containment system which MM says is more than…
Materials technology and engineering specialists Aubin has completed the first operational trial of its liquid gel lifting technology system LiquiBuoy. The company conducted rigorous testing of its liquid gel technology at The Underwater Centre in Fort William…
Norwegian shipyard Kleven has signed a contract with Olympic Shipping for the building of an IMR vessel of MT 6021 MKII design. The contract value is around NOK450 million, and the vessel will be delivered from Kleven Verft in June 2015. The…
Statoil has exercised a two-year contract extension with Altus Intervention for the provision of mechanical wireline services on Statoil-operated fields and mobile drilling units on the Norwegian continental shelf. The scope of the extended…
Rosneft is to take a 'significant equity stake' in drilling firm North Atlantic Drilling (NADL) as part of an agreement between NADL and its majority owner Seadrill, as the Russian firm looks to ramp up its offshore exploration efforts. The agreement…
The first shipment from the PNG LNG project has left Papua New Guinea carrying a cargo bound for Japan for Tokyo Electric Power Co. Inc. “This announcement is a historic moment for Papua New Guinea (PNG),” ExxonMobil PNG Limited Managing Director Peter Graham said…
UK-based Sterling Resources completed 800sq km of new 3D seismic in the Romanian Black Sea. The company's 1Q result, issued yesterday, discusses three major milestones in derisking its Romanian assets: - In early February, Sterling…
In a new report, Visiongain values the global FLNG market at US$11.845 billion in 2014. They forecast strong expansion over the next five years, reaching peak levels of CAPEX in 2018. In the second half of the 10-year forecast, visiongain thinks that spending will decline slightly…
Norway's Vard Holdings Ltd. has secured a new contract with Island Offshore to build an offshore support vessel based on a Rolls-Royce design. The contract value is more than NOK1 billion (US$167.7 million). Delivery is scheduled from Vard Brevik in Norway in 2Q 2016…
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7324/2-1. It will be the first well to be drilled in Production License (PL) 615 in the Barents Sea. The wildcat well 7324/2-1 (Apollo) will…
Today's Baker Hughes North American offshore rotary rig count listed 60 rigs operating this week, up 3 rigs from a week ago and up 9 rigs from a year ago (18% year-over-year increase). The majority, 58 rigs, are working in the Gulf of Mexico…
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