Romanian gas producer Romgaz and its partners are to drop their EX29 Est Rapsodia Block in the Black Sea, offshore Romania, following exploration results. Romgaz, with partners Lukoil Overseas Atash and PanAtlantic Petroleum, had signed two concession agreements…
ExxonMobil added 1 billion boe of proved oil and gas reserves in 2015 for a total of 24.8 billion boe that was a result of new developments, and a significant discovery offshore Guyana. Image from ExxonMobil…
Russia’s Lukoil discovered natural gas pay at its deepwater Lira field in the Black Sea, offshore Romania. The Transocean Development Driller II. Image from Lukoil. The Lira-1X…
Image: ASD Tug 2913/Damen Shipyards SAAM SMIT Towage, the joint venture between SAAM of Chile and Dutch company Royal Boskalis Westminster, has signed a contract for the purchase of a Damen Tug 2913 for delivery in early 2016…
Dubai-based Topaz Energy and Marine awarded Singapore-listed shipbuilder Vard Holidings (VARD) two new contracts, which exceed US$100 million, for the construction of two offshore subsea construction vessels (OSCV) this week. Image from VARD…
Audrey Leon spoke with Infield Systems’ analysts James Hall and Wei Liu to get the bigger picture. According to Infield Systems, the offshore pipeline installation market over the next 12 months will be challenging. Infield has revised…
Maersk Supply Service, DeepOcean UK and the Damen Shipyards Group gathered at Damen Shipyards Galati, Romania, to witness the launch of subsea support vessel Maersk Connector. The vessel is owned and operated by Maersk Supply Service…
Sterling Resources transferred its 40% interest in Block 27 Muridava in the Romanian Black Sea, held by its wholly-owned subsidiary Midia Resources SRL, to Petroceltic's Romanian subsidiary. Approval of the transaction has been received…
Transocean issued its May 2015 monthly fleet update summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the 16 April 2015 fleet status report…
Activity in the Black Sea is set to ramp up this year as oil firms eyes deepwater prospects and move to exploit resources like the significant Domino discovery, according to oil and gas analysts Wood Mackenzie. The firm, which has been…
Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…
Van Oord took delivery of Damen’s offshore carrier (DOC) 8500 cable laying vessel, the Nexus. The Nexus. From Damen. The Nexus is a 126-m vessel that will be used for the installation…
Technip is to name its latest newbuild dive support vessel (DSV), currently being built by Vard, the Deep Explorer. The high-specification, DP3 vessel will feature a 24-man saturated dive system, large deck area, moonpool, work-class ROVs…
ExxonMobil started drilling the Pelican South-1 well, its third and latest prospect in the Neptun Block off Romania in the Black Sea. Pelican South-1 is being drilled by Diamond Offshore's ultra-deepwater semisubmersible Ocean Endeavor about 155km offshore…
Alan Thorpe examines the latest offshore construction vessels to enter the market. The two Island Offshore vessels in Lloyd Werft. Photo by Alan Thorpe. This Spring, Norway’s…
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