Hydroid, Inc., a subsidiary of Kongsberg Maritime, has made changes to its leadership team. Christopher von Alt (pictured left) has elected to resign from his current position as president, effective January 1, 2014. Hydroid’s board…
The group will conduct monitoring studies on potential Arctic nearshore impacts in Beaufort Sea development area.Olgoonik/Fairweather LLC, in conjunction with a team of scientists from the University of Alaska Fairbanks, the University of Texas at Austin…
'Unsustainable project economics' are to blame for the termination of the Kristin Gas Export Project (KGEP) in the Norwegian Sea.Statoil and partners Petoro and GDF Suez cited increased costs and volume risk for ending the project, and…
KrisEnergy Ltd. completed drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 off Vietnam.The Cua Lo-1 well was drilled to a measured depth of 2,867 m. Based on log interpretation, several gas bearing sandstone reservoirs were identified…
Claxton Engineering Services Ltd. celebrated the 10th anniversary of its success with the world’s first rigless platform well abandonment.For the project, the company used a custom conductor reaction recovery system—designed and manufactured…
Magseis AS has agreed a frame agreement to provide global ocean bottom seismic (OBS) acquisition services for Statoil ASA from 2014–2018.The frame agreement regulates the work that has been awarded for the 2014 and 2015 seasons, as well as for future tenders during the term of the agreement…
CAMAC Energy Inc. has signed a letter of intent (LOI) on the terms and conditions of a long-term agreement for the use of the Armada Perdana floating, production, storage, and offloading system (FPSO) as part of its further development of the Oyo field offshore Nigeria…
Exploration firm Mediterranean Oil & Gas Plc (MOG) has said the partnership behind the Area 4 production sharing contract offshore (PSC) Malta has been given a six month extension. The PSC covers Area 4, covering Blocks 4, 5, 6 and 7…
VAALCO Energy Inc. has said construction work on two production platforms for the additional development of the Etame Marin block offshore Gabon is continuing on schedule. One platform is due to be installed in the Etame field, and the…
Rising requirements for rigs in the Middle East is increasing competition for jackup refurbishment and conversion. Elaine Maslin reports. About quarter of the world’s 480-strong jackup drilling rig fleet resides in the Persian Gulf and…
Fieldwood Energy LLC acquired SandRidge Energy, Inc.’s Gulf of Mexico and Gulf Coast business unit for US$750 million, with an effective date of Dec. 1, 2013, and subject to customary purchase price adjustments. As part of the transaction…
ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore block in Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1 Ltd, the company holding the 10% PI in the Area 1 from Videocon Mauritius Energy Ltd…
Benthic, a global geosciences company, was awarded a contract by Statoil Tanzania AS in November for geotechnical site investigation services in Block 2 off the coast of Tanzania. Statoil announced its fifth natural gas discovery in Block 2 in December…
Lundin Petroleum AB is to increase its spending on new developments by 25%, to US$1.4 billion, in 2014. The majority of the cash (75%) will be spent on ongoing projects offshore Norway, with most of the rest being spent on the Bertram development in Malaysia…
Subsea inspection, repair and maintenance (IRM) group Harkand has ordered a new build dive support vessel and agreed an option for a second. The order has been placed with Norway's Vard Holdings Limited (VARD), with delivery of the first vessel scheduled for Q2 2016…
Subscribe
