Statoil has agreed to sell off stakes in the Aasta Hansteen spar development, the Polarled pipeline, and a discovery neighboring Aasta Hansteen to Germany’s Wintershall in a US$1.3 billion deal. As part of the deal, Statoil will also…
Deep Gulf Energy II has awarded Technip a lump sum contract for the development of the deepwater, high-pressure, high-temperature Kodiak field, in Mississippi Canyon Blocks 727 and 771, in the Gulf of Mexico. The in 1472-1710m water depth…
Shell has started work drilling production wells on Malaysia's third deepwater development, the Malikai field, offshore Malaysia. The Malikai development involves 17 wells drilled from a 23,500 tonne tension leg platform production facility…
A US federal district court judge ruled on Thursday that the Macondo blowout, which killed 11 workers, and spilled millions of barrels into the US Gulf of Mexico was the result of BP’s gross negligence and willful misconduct. BP’s contractors Transocean and Halliburton were both found negligent…
Veolia won a contract to decommission the 14,000-tonne Yme oil platform in the Norwegian North Sea. The doomed Talisman Yme will be removed and towed in a single lift from its current North Sea location and be moved to Lutelandet in South West Norway to be dismantled by Veolia…
Aker Solutions and Baker Hughes Inc. received necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. The two companies agreed to form the alliance a few months ago develop technology for production solutions designed to boost output…
Mexico’s Pemex awarded an offshore multi-site geophysical and geotechnical survey to Fugro and Constructora Subacuatica Diavaz, S.A. de C.V. The contract, valued at US$31.5 million, includes offshore operations, laboratory testing and…
Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…
Alan Thorpe examines the latest pipelaying vessels debuting on the market. The Ceona Amazon leaving Cryst Shipyard in Poland. Photo from Ulstein. Two new pipelayers for…
Cabotage is trade or navigation in coastal waters and traditionally refers to shipping along coastal routes, transporting passengers or goods from port to port in the same country. Laws governing cabotage serve to protect local industries…
Baker Hughes has been developing completion technology and well control with Petrobras in deepwater ever since its first intelligent completion system contract in the early 2000s. Claudio Paschoa found out more. Baker…
Claudio Paschoa takes a look at Ceona’s vertical pipelay vessel, Polar Oynx, now serving Petrobras offshore Brazil. Polar Onyx in the Storfjord in Norway. Photo from Norsk Skipsfarts Forum. With…
Energy analysts Douglas-Westwood estimates in its World Floating Production Market Forecast that US$91 billion will be spent on FPSs during the period of 2013-2017. This marks a 100% increase over the previous five-year period, with the global CAPEX set to double…
SBM Offshore discusses some of the company’s developing technologies and how it is working toward unlocking reserves in the Gulf of Mexico. Exploration for fields further offshore and in deeper waters is leading to the development of more complex reservoirs…
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