Singapore's PACC Offshore Services Holdings Pte. Ltd. (POSH), Asia’s largest operator of offshore supply vessels, announced yesterday that Mexican conglomerate Grupo Pegaso has signed an agreement for vessels with POSH joint ventures in Mexico…
Det norske announced its 2Q 2014 financial results on 17 July. Among other financial highlights and activity, the company discussed its agreement to acquire Marathon Oil Norge for US$2.1 billion. Announced 2 June 2014, the transaction is expected to close 4Q 2014…
Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of NOK330 million. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)…
High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte. The firm’s Petroleum Services Group…
Dallas-based Hunt Oil is planning to drill at least one offshore Benin, Africa. Well services firm AGR has been awarded a contract to provide the well project management services for the drilling, with one firm well and an option for a second…
SPE names D. Nathan Meehan, Baker Hughes senior executive adviser, as its 2016 president. Meehan, who is based in Houston, Texas, will take office as president-elect on 29 October 2014 at the close of SPE’s Annual Technical Conference and Exhibition in Amsterdam…
For the first time ever, a female Brazilian engineer will receive the highest global petroleum engineering award, presented by the Society of Petroleum Engineers (SPE), Petrobras announced on 17 July. Petrobras CEO Maria das Graças Silva…
Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include…
The 450-tonne Elettra platform deck sailed away from Rosetti Marino's Piomboni Yard in Marina di Ravenna on July 7, and on Monday 14, the deck was installed in the Adriatic Sea, 33 miles offshore Ancona, Italy. The scope of work assigned…
Subsea inspection, repair and maintenance and light construction firm Harkand has won Nexen Petroleum UK’s 2014 ROVSV inspection services work along with a longer term frame agreement. The inspection scope covers the Buzzard, Scott, Telford…
Australia-head quartered WorleyParsons has agreed a memorandum of understanding (MOU) with Wison Offshore & Marine to jointly work on ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects, targeting Australasia…
Trelleborg’s offshore operation has been awarded a substantial order for its foam buoyancy systems, for the Shah Deniz field phase 2 development offshore Azerbaijan. Contracted by oil and gas company, BP, Trelleborg will supply a buoyancy package…
UK-based Smith Flow Control (SFC) has designed a specialist pigging panel to be installed on a floating production, storage and offloading facility (FPSO) built for the use in the Goliat field, the first oilfield to be developed in the Barents Sea…
Sweden's Sandvik and Luxembourg-headquartered Tenaris have signed a new five-year strategic alliance agreement on the exclusive joint supply of corrosion resistant alloy OCTG materials and technology to the oil and gas industry. The two…
On 17 July, senators in the Australian Parliament voted to disallow the Federal Government from continuing to issue Maritime Crew (subclass 988) visas to foreign workers for the purposes of working in Australia’s offshore oil and gas industry…
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