The United States Energy Information Administration (EIA) issued news release on 9 August with its forecast that China's net oil imports will exceed those of the U.S. by October 2013 on a monthly basis, and by 2014 on an annual basis, making China the largest oil importer in the world…
OGX Petróleo e Gás Participações S.A. (OGX)), received the Installation License to begin activities related to the development of oil production in BM-C-39 and BM-C-40 blocks, in the Campos Basin. The license was granted by the Brazilian…
Norway-based multi-client seismic services firm Spectrum is to acquire 2D seismic offshore Croatia ahead of the country’s latest licensing round. Spectrum will acquire the seismic data using Cyprus-based Seabird Exploration. Seabird will acquire about 12…
Hansa Hydrocarbons is to acquire stakes in three southern North Sea gas fields from a subsidiary of Noble Energy. Under an agreement with Noble Energy Capital Limited, it will gain 24% equity interest in the Malory field, 25% in the Guinevere field and 2% in the Lancelot field…
A joint venture between DOF Subsea and Technip has been awarded contracts to build and operate four new pipelay support vessels (PLSV) for Brazil's Petrobras. Two of the PLSVs will have a 300-ton laying tension capacity and will be fabricated in Brazil…
W&T Offshore, Inc. (NYSE: WTI) announced on 25 July 2013 that it made a subsalt discovery in a deep shelf exploratory target beneath its Ship Shoal 349 Mahogany field. The SS 359 A-14 well exceeded expectations and is currently producing from the targeted T-sand (in excess of 17…
The National Oceanic and Atmospheric Administration (NOAA), part of the US Dept. of Commerce, issued its updated Atlantic hurricane season outlook on 8 August 2013, saying the season is shaping up to be above normal with the possibility that it could be very active…
SeaBird Exploration Plc's Northern Explorer was awarded a contract in the Mediterranean. The contract has an estimated duration of 150 days, including mobilization from South Africa, and is valued at about US $10.5 million.
Noreco has announced that due to a defect gas compressor, the Ula field in the Norwegian North Sea, will not be able to receive and process production from satellite fields, the field's operator, BP, has informed. This means that the Oselvar field will also be shut down…
Subsea engineering and unmanned underwater vehicle (UUV) service provider Modus Seabed Intervention has taken delivery of its first autonomous underwater vehicle (AUV). The acquisition is part of a planned investment program by the north-east England company to develop a dedicated division…
IHC Merwede’s Offshore division has won orders worth over €1 billion for the design, engineering and construction of a total of six pipelaying vessels. They will be built for Subsea 7 and Seabras Sapura, the partnership between SapuraKencana and Seadrill…
Volunteer staffs of PTT Global Chemical Plc (PTT), along with Thailand Navy personnel, are still working to clean up the remaining oil slick that washed up on the beach of Koh Samet Island. The crew placed an absorbent boom along the beach…
Otto Energy Ltd. is drilling two horizontal wells in the second phase of development at Galoc field offshore the Philippines. The wells are being batch drilled in 311 m of water. Otto projects the Galoc-5H and Galoc-6H development wells will be drilled to a total vertical depth of 2…
Ranger Offshore Inc. added the DSV Lewek Toucan to its fleet of vessels. The Lewek Toucan, built in 2006, is a 290’ DP-2 multipurpose offshore support vessel with a 120 ton active heave compensated crane, moon pool, helideck, 1,000-ton cargo deck…
St. Louis, Missouri-based Emerson Process Management, a business of Emerson, acquired Groveley Detection Ltd., a leading innovator and developer of ultrasonic gas leak detection solutions for both offshore and onshore oil and gas installations…