Statoil will pay COSL Offshore Management (COM) a one-time settlement of US$65 million under an agreement reached today that ends disputes related to the stand-by fees of two semisubmersible platforms. The stand-by fees stemmed from the installation of third-party equipment…
Italian shipbuilder Fincantieri is making an initial public offering to raise funds for projects and acquisitions. The company is wholly owned by Italian state lender Cassa Depositi e Prestiti (CDP). It will offer up to 38.2%, and new shares will be priced between €0…
OceanGeo BV completed an ocean-bottom cable seismic survey in the Gulf of Paria off Trinidad for the state-owned Petroleum Co. of Trinidad and Tobago Ltd. (Petrotrin). The work began 2 Jan 2014 and the wide-azimuth acquisition work was completed on 30 May 2014…
The Oyo-8 development well, located offshore Nigeria in OML 120, was spudded on 15 June 2014, operator CAMAC Energy Inc. announced. The Oyo-8 well, which CAMAC Energy owns and operates with 100% interest, lies within the Oyo field, which…
The topside destined for the Valemon field offshore Norway was loaded onto the heavy transport vessel Dockwise Triumph at Samsung Heavy Industries in South Korea, on 1 June 2014. The 216.75m-long vessel left the Geoje yard on the morning of 15 June…
Netherlands-based Vroon Offshore Services started operations in Turkey this week. The company’s anchor-handling tug-supply (AHTS) vessels, VOS Tethys and VOS Athos, are currently assisting in positioning operations for the jack-up drilling rig GSP Prometeu…
KNOT Offshore Partners LP formed an agreement with Brazil Shipping I Ltd., an affiliate of BG Group, for the time charter of shuttle tanker Windsor Knutsen, the company announced on 13 June 2014. The charter has an initial term of two years…
Eni Norge AS awarded DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of…
MV Connor Bordelon is the host vessel for Baker Hughes new StimFORCE stimulation system in the Gulf of Mexico. Nina Rach went to Houma, Louisiana, to see the modular installation. Baker Hughes recently constructed a new stimulation vessel dedicated to the Gulf of Mexico market…
Total’s CLOV deepwater oil development offshore Angola in Block 17, began production on schedule, the French company announced on 12 June. The development is expected to reach daily production capacity of 160,000bbl in the coming months…
Dutch floating platform leaser SBM Offshore NV will not participate in the upcoming Petrobras Tartaruga Verde and Libra tenders, the company announced 12 June, adding that the decision resulted from conversations held between the two giants on 28 May…
Two Total Marine Technology ROVs have just passed deepwater acceptance tests to 3000m in the North Atlantic Ocean with perfect scores. The Typhoon MK2 ROVs are now on their way to Brazil as part of a five-year contract with Petrobras. In total…
The US Federal Aviation Administration announced approval for the first commercial drone flights over land in the US and the start of operations in Alaska earlier this week. BP plc signed a five-year contract to use drones for its oil operations in Alaska…
Based in Broussard, Louisiana, Delmar Systems Inc. develops innovative mooring solutions and has recently introduced the Delmar Quick Release (DQR). The DQR is an in-line mooring component with a simple mechanical release that allows…
Rosneft reported today that the Arctic Research and Design Center (ARDC) has completed its 2014 winter ice field studies, the largest expedition in the Arctic Ocean. The ARDC is a joint venture of Rosneft and ExxonMobil, supported by the…
Subscribe
