The US Department of the Treasury issued sanctions against seven Russian government officials and 17 entities on 28 April. Among those officials listed was OAO Rosneft President and Chairman of the Management Board Igor Sechin. These…
Singapore-based shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd. (SPO) celebrated the launch of its new D-Class anchor-handling tug supply vessel, Pacific Dragon, on 18 Apr 2014. This is the eighth and final D-Class vessel…
Ensco plc sold its ENSCO 85 jackup rig for $64 million, the company announced on 24 April 2014. The sale is part of trend among jackup rig providers including Transocean, Maersk Drilling, Noble, and Seadrill to modinize their fleets (See 'Jackups on the rise' in OE May 2014)…
Nexen Energy (wholly-owned subsidiary of CNOOC Ltd.) CEO, Kevin Reinhart (pictured) has announced his plans to retire after 20 years with the company. CNOOC Ltd. executive vice president, Fang Zhi will succeed Reinhart in this position. Zhi’s 30-year career with CNOOC Ltd…
With the subsea construction vessel (SCV) associated with the Shah Deniz Phase 2 natural gas development expected to hit the waters in April 2017, contracting for the project is in full swing. Two more major contracts totaling nearly US$500 million announced 23 April…
PTT Exploration and Production Public Company Ltd. (PTTEP) will acquire 100% equity stakes of Hess Corp in Thailand for US$1 billion. The details of the transaction are as follows: Own 15% interest in block B12/27 (mainly in Pailin…
COSCO subsidiary companies have picked up contracts to build four emergency response rescue field support vessels (ERRVs) and two platform supply vessels (PSVs). COSCO (Dalian) Shipyard Co. won the four- ERRV contract, from an Asian company…
Shipowner and operator, Swire Pacific Offshore Operations (SPO) has launched its new D-Class vessel, Pacific Dragon (pictured). The launch and naming ceremony was held at ST Marine shipyard and marked the completion of the eight-vessel D-Class series of 240T bollard pull…
Shell announced a deepwater natural gas discovery off Malaysia. The successful Rosmari-1 well is 135km off the coast of Sarawak, in the South China Sea (Block SK-318). It was drilled to a total depth of 2123m and encountered a gas column of more than 450m…
Maersk Drilling’s second drillship, Maersk Valiant, has started its voyage to the US Gulf of Mexico (GOM) today after being delivered from Samsung Heavy Industries' (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant (pictured) will…
Fairmount Marine announced on 14 April 2014 that its tug Fairmount Sherpa has safely towed the semisubmersible drilling rig Sevan Louisiana from Singapore to Curaçao. During the 11,500mi. voyage via the Cape of Good Hope, stops were made in Port Louis (Mauritius)…
FloaTEC LLC (FloaTEC), a US-based JV between a subsidiary of McDermott International Inc. and Keppel FELS Ltd., announced that the P-61 tension leg wellhead platform (TLWP) has been successfully installed in the Papa Terra Field, Campos Basin…
China Oilfield Services Limited's newly purchased platform supply vessel HYSY613 has been delivered for operation and is expected to start work in the South China Sea mid-April. Another platform supply vessel of the same model that was…
Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…
Abu Dhabi’s national oil company, ADNOC, has ordered two 45m-long, high-speed, catamarans to be used to service its offshore oil and gas facilities. The contract to design and build the vessels was awarded to Australia's Austal Limited…
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