Subsea 7 has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico. The scope of work involves installation of flowlines, steel catenary risers, umbilicals…
Statoil and partners are investing US$610 million in its latest fast-track project to develop the Rutil discovery that aims to extend the lifetime of the Gullfaks A platform and provide approximately 80MMboe. Ivar Aasheim…
Technip Umbilicals gives a look at its umbilicals operations. The group has four manufacturing sites: Houston (US), Lobito (Angola) and Tangjung Langsat (Malaysia) and its newest location in Newcastle (UK). Umbilicals form the…
Bristow awarded Danos a contract to provide field support for Bristow’s six Gulf of Mexico bases. Five of the bases are located in Louisiana – Galliano, Houma, Intercoastal City, New Iberia and Venice – and one in Galveston, Texas. Executives…
North Sea production efficiency rates are an embarrassment, says one of the basin’s leading independent operators. Elaine Maslin reports. The UK President of oil and gas independent EnQuest has said the North Sea industry should be 'shocked…
SKF USA and Vantage Drilling combined resources to improve the reliability of the Vantage Titanium Explorer and Platinum Explorer drill ship fleet. Titanium Explorer. From Vantage. These…
Spain's Repsol has agreed a deal to buy Canadian exploration and production company Talisman Energy for US$8.3 billion plus debt - amounting to the largest international deal by a Spanish company in five years. The deal, which had been rumored for some months…
Newfoundland and Labrador’s latest exploration licensing round has resulted in a $559 million bid led by ExxonMobil – the largest bid in the province’s history for a single parcel. ExxonMobil bid as part of a consortium with Canada’s…
Technip has completed the previously announced sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc. As part of this transaction, Technip USA and Ranger Offshore have entered into a multiyear Diving Services Agreement covering Technip’s North America Region…
Norwegian private equity outfit HitecVision has created a new oil service group by merging five companies in its portfolio. Global Maritime Group comprises companies working within offshore and maritime engineering, marine warranty, dynamic positioning…
The production test for Eni’s Minsala Marine 1 NFW exploration prospect, in shallow waters offshore Congo is complete. Map from Eni. Minsala Marine 1 NFW, located in the Marine XII block…
Australia’s Woodside Petroleum will purchase Houston-based Apache’s interest in two LNG projects, Wheatstone and Kitimat LNG (pictured, right) for approximately US$2.75 billion. Apache announced in late July that it would exit the two…
With oil prices plummeting to a five year low, and project cut backs likely in 2015, short-term funding for US shale may lose out to the country’s higher cost deepwater developments, the latest article by leading petroleum industry advisor Gaffney…
AVEVA announced a number of improvements to AVEVA NET, its powerful information management software. Customer feedback has already shown that these improvements enhance both overall user experience and productivity, enabling significant…
Husky Energy began production at its Liuhua 34-2 gas field in the eastern South China Sea. The Liuhua 34-2 gas field is in a water depth range of 850-1250m. The gas field consists of one producing well and shares the existing facilities of Liwan 3-1 gas field for overall development…
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