Salamander Energy has signed a non-binding heads of agreement with SONA to sell an effective 40% working interest in both the B8/38 concession (containing the Bualuang field) in the Gulf of Thailand and the surrounding G4/50 concession…
Limited vessel and rig availability have meant delays on two Alpha Petroleum Resources' UK projects, the Blythe development and appraisal on the Skipper field. The firm is planning to submit a field development plan for the southern North Sea Blythe gas field project Q4…
Statoil terminated its contract with Diamond Offshore Drilling's mid-water semisubmersible the Ocean Vanguard eight months ahead of schedule, the Houston-based shipowner announced on 4 June 2014. Statoil's Communication Manager Ørjan…
Petróleos Mexicanos' (Pemex) Board of Directors unanimously voted to sell its 7.86% stake of Spanish oil company Repsol, the state-owned firm announced 4 June. Pemex expects to net US$900 million as a result of its decision, selling the shares for $27…
Ophir Energy announced that partner and operator BG Group made a new gas discovery in Block 1, located in the Mafia Deep basin off Tanzania. The Taachui-1 well’s net pay amounted to 155m, with estimates for the mean recoverable resource placed at 1Tcf…
Oil and gas exploration efforts around the Falkland Islands are set to ramp up next year after rig contracts were agreed. Ocean Rig's deepwater, harsh environment semisubmersible drilling rig Eirik Raude (pictured) has been signed up…
Grouted connections have been a challenge to the offshore wind industry. The sector is now looking for class society guidance so that the latest applications for grouted connections are reflected in the latest design standards. Wind energy is a fast developing industry…
Copenhagen's Ramboll Group pocketed two intricate Statoil pipeline contracts and announced a new office in Houston. Sarah Parker Musarra discussed the company's latest developments with Project Manager Jan Bohl Andersen. Two major Statoil projects are scheduled to come online in 2017…
Hi-Traq streamlined chassis with buoyancy grabs and tooling cylinder. Cable-laying challenges on offshore wind farms has led to a new tracked trenching vehicle being designed, which may also have benefits in the oil and gas sector…
Noreco’s CFO Ørjan Gjerde will leave the company by 31 August 2014 to take part in a new business venture. Noreco announced that the search for his replacement has already commenced. Gjerde played a central role in the financial and operational restructuring of the company…
Specialist downhole tool provider Peak Well Systems has opened a new technology center in Dubai dedicated to its growing customer base in the Middle East and North Africa. The facility accommodates regional technical sales and engineering teams for improved customer reach…
An oil tanker exploded and sank off the coast of Himeji, western Japan, on 29 May 2014. The mid-morning explosion and fire aboard the 998 tonne fuel tanker Shoko-Maru sent towering columns of smoke into the sky. The ship is owned by Syoho Shipping Co…
Superior Performance Inc. (SPI) announced it appointed Mitch Thibodeaux as its next president. Headquartered in Lafayette, Louisiana, Thibodeaux will oversee the company’s field service operations, rental tool equipment line and new product development…
BP Azerbaijan awarded London's Wood Group a £36 million (US$60 million) call-off contract for the Shah Deniz 2 project under a 2007 global agreement. The contract covers subsea engineering and project management services during the subsea execute phase…
Offshore industry body Oil & Gas UK has confirmed two new senior appointments to its board. Effective from spring 2014, Trevor Garlick, regional president North Sea at BP, and John Pearson, Group President, AMEC Europe, have been appointed as the co-chairmen of the organisation…
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