On Friday, The US International Trade Commission endorsed anti-dumping duties on steel pipe imports from four Asian countries, Turkey, and Ukraine. The USITC voted on 22 August that imports of oil country tubular goods (OCTG) from South Korea…
Companies are still overlooking the potential threats from cyber crime despite the multi-thousands and even multi-million dollar bills a successful attack could cause. Furthermore, attacks have and continue to penetrate process control systems and take control of physical processes…
Claudio Paschoa takes a look at Ceona’s vertical pipelay vessel, Polar Oynx, now serving Petrobras offshore Brazil. Polar Onyx in the Storfjord in Norway. Photo from Norsk Skipsfarts Forum. With…
A power cut at Shell’s Nelson platform, 124 miles off Aberdeen in the North Sea, saw 148 of the 167 on board airlifted to the nearby Borgholm Dolphin flotel on Tuesday (19 August). Nineteen workers remained on the rig while the problem is resolved…
Baker Hughes issued the July 2014 international rotary drilling rig count last week, showing a total of 1382 rigs operating outside the US & Canada. International activity in July was up 38 rigs from the 1344 rigs drilling in June 2014…
Raja Roy examines DNV GL’s first comprehensive overview on how to properly comply with US Coast Guard requirements to operate FOIs, FSOs and FPSOs in US waters. The roadmap document called “Verification for compliance with United States…
Production from the entire Siri area offshore Denmark is hoped to resume in Q3 on finalization of permanent structural repair to the Siri platform (right). Noreco, a partner in the Cecile License, which relies on Siri for offtake, said…
Staatsolie, Suriname’s state-oil company, is offering three deepwater blocks through a competitive bid round. The blocks for bid include offshore blocks 58, 59 and 60, which lie east of Suriname in the Suriname-Guyana basin. The Suriname…
Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
Forecasters with the National Oceanic and Atmospheric Administration's (NOAA) Climate Prediction Center raised the likelihood for a below-normal season in last week’s update to the Atlantic Hurricane Season Outlook. Image…
Oman's Ministry of Oil & Gas (MOG) has announced an oil and exploration bid round which includes two blocks offshore. The two offshore blocks 18, 59 are being opened to bidders alongside onshore blocks 43A, 54, 58. Block 18 is in…
BW Offshore has agreed a US$800 million, 10-year credit facility for the Catcher floating production, storage and offloading project. The facility is a combined construction and long term financing facility. The credit facility was substantially…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Finland's Arctech Helsinki Shipyard signed a contract to build three icebreaking stand-by vessels for Russia´s largest shipping company, Sovcomflot (SCF Group). The vessels will be built for the North East Sakhalin Offshore region oil…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
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