Farstad Shipping has been awarded multiple charter contracts in Brazil and Egypt. Petrobras has extended the contract for the multi-purpose supply vessel Far Swift with another year in direct continuation with present contract, until October 2017…
Offshore accommodation and workspace solutions specialist HB Rentals has secured contracts in excess of US$1.25 million for the manufacture of workshops, local equipment rooms and pressurized offshore service modules for multiple clients…
Sweden's Lundin has made a ca. 25-60 MMboe oil and gas discovery on the Loppa High, 20km east of the Johan Castberg discovery in the Norwegian Barents Sea. The well, 7220/6-2 R, was drilled on the Neiden prospect in production license 609…
Maersk Drilling and National Oilwell Varco (NOV) have entered into a five-year partnership to improve maintenance predictability for drilling equipment. The shared vision behind the partnership is to implement a new maintenance mind-set which…
GC Rieber Shipping has entered into a time charter agreement in West Africa with Marine Platforms Ltd.(MPL) for the SURF (subsea umbilicals, risers, and flowlines) vessel Polar Onyx. The vessel will perform subsea construction/SURF installation and field development for end client Chevron…
Eni is a step closer to moving ahead with its 16 Tcf deepwater Coral discovery development offshore Mozambique following investment approval from its board of directors. Eni's board has approved the first phase of development, called the Coral South project…
Accommodation provider Prosafe has been hit with an order from the Norwegian Petroleum Safety Authority (PSA) after failing to remedy non-compliances found during an inspection. The PSA carried out an inspection on the Safe Scandinavia in September this year…
Electromagnetic Geoservices (EMGS) has entered into a firm contract with an oil company in Malaysia, confirming the provisional agreement announced oN 1 November 2016. The contract extension is worth approximately US$8 million and relates to a 3D EM data acquisition offshore Sabah…
Sembcorp Marine subsidiary SMOP has awarded Dutch firm Framesa contract for the supply of two seawater electrochlorination systems, one wellhead control panel complete with a hydraulic power unit, and three hydraulic power units for topside and subsea valves…
Premier Oil says it has further reduced costs on the Catcher floating production development in the North sea, to a forecast total US$1.7 billion. The drop, a 24% reduction on the original sanctioned estimate, comes after costs had been reduced 20% to $1…
GE and Maersk Drilling have entered into a partnership to collaborate on a data analytic-driven pilot project with the aim to increase Maersk’s drilling vessels’ productivity and significantly reduce maintenance costs by up to 20%. The…
Austal Ltd. has delivered its second high speed crew transfer vessel this year, to Swire Pacific Offshore (SPO). The 57.6m, all-aluminium catamaran was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. It…
Sirius Petroleum entered into a financed drilling contract with COSL Drilling Pan-Pacific Ltd. (COSL), for the provision of a high specification jackup rig that will be utilized to drill a multi well campaign as part of its shallow water development strategy in Nigeria at the Ororo project…
Gulf Marine Services (GMS) has completed a new contract for a large class vessel to support maintenance work in European waters, which is scheduled to start in Q2 2017. The contract is for 18 months, and comes with options. Duncan Anderson…
Repsol E&P sent an early termination notice to Rowan Companies last week, ending its contract for the Rowan Renaissance drillship effective immediately. “The company expects to continue to be paid by Repsol on a monthly basis through the original termination date of 22 April 2017…
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