AP Moller-Maersk subsidiary Maersk Olie og Gas (Maersk Oil) will take a US$1.7 billion impairment on its Brazilian assets, it announced 9 July. The Danish company specifically cited disappointing appraisals as one of the reasons it has “revised…
Inpex subsidiary Teikoku Oil (North America) has acquired an additional stake in the deepwater Lucius field, located in the US Gulf of Mexico, the company announced on 9 July 2014. The Japanese explorer entered the Lucius partnership in 2012 after acquiring 7…
Atlantic Towing (USA) has selected newly-designed, ice-strengthened PSV 5000 vessels from Damen Shipyards Group to meet its 10-year offshore support contract with ExxonMobil Canada Properties and Hibernia Management and Development Company (HMDC)…
An independent commission has determined that radical fiscal and regulatory change is an absolute necessity to ensure that the remaining hydrocarbons on the UK Continental Shelf (UKCS) are fully exploited, in order to deliver the maximum economic contribution to the nation…
The Spanish Point appraisal well in Frontier Exploration Licenses 2/04, 4/08 and 1/14 in offshore Ireland's northern Porcupine Basin will not now be drilled in 2014, according to Dublin-based Providence Resources. However, a 3D seismic survey in the area is due to go ahead this summer…
Japan's Mitsui Corp. Ltd. is looking toward increasing its investments in Mexico, after the Mexican Congress voted in December to open the oil and gas industry to foreign companies. The Wall St. Journal reported last month that Yasuhiro Uchida…
Ulstein provides this video on the development of Island Offshore's latest vessel the Island Performer. The newbuild is a flexible, riserless light weight intervention (RLWI), and inspection, maintanence and repair (IMR) vessel built by the Ulstein Verft shipyard…
Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…
Diamond Offshore Drilling, Inc. has appointed Ronald Woll as Senior Vice President and Chief Commercial Officer, effective immediately. Based in Houston, Woll will have oversight of company marketing and contract acquisition activities. Woll…
The Ulstein Verft shipyard announced that the newly built Island Performer was delivered today to ship owner, Island Offshore. The flexible, state-of-the-art RLWI/IMR vessel will serve its first five years for FTO in the Gulf of Mexico. “The…
Technip announced it has been awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement of an existing frame agreement held for eight years…
Typhoon Neoguri originated near Guam early Friday, 4 July, and has developed into the first superstorm of the season along the Pacific rim. It is now battering Japan's small southern islands (the Ryukyu Islands, known in Japan as the Nansei Islands)…
About two-and-a-half years after construction began, Japan’s Inpex Corp. launched the hull of its Ichthys FPSO from the dry dock of the Daewoo Shipbuilding and Marine Engineering yard in Okpo, South Korea, the Japanese operator announced today…
Kobe Steel, Ltd. announced that its subsidiary company, Kobelco Machinery do Brasil Servicos Empresariais Ltda., has begun full-scale marketing of nonstandard compressors. Based in Sao Paulo, Kobelco Machinery do Brasil (KMB) is Kobe Steel's first location established in Brazil…
Russia’s OAO Rosneft has filed a suit against the Gazprom-led Sakhalin Energy consortium to obtain access to the Sakhalin-2 gas pipeline, RIA Novosti reported 7 July. Rosneft is developing a 5mtpa LNG terminal with ExxonMobil in the Far East that was scheduled to launch 2018…
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