Facing a surging global demand for critical subsea oil and gas production equipment, GE Oil & Gas has launched a new strategy to dramatically reduce the time it takes to design and deliver subsea manifold systems to key offshore customers by adding a standardized manifold design option. The new mani
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced that Ocean Rig: $1.35 billion Bank Facility Ocean Rig announced that it has sig
Siem Offshore has entered into a charter agreement with Daya OCI LTD for one additional Offshore Subsea Construction Vessels (“OSCV”). The agreement is made at market terms and is for a firm period of five years with two yearly options. The charter shall commence in fourth quarter 2013. Press Releas
Subsea 7 S.A. today announced the award of a contract valued at approximately $140 million from Statoil for the removal and replacement of risers, flowlines and associated subsea structures on the Norwegian Continental Shelf. Project management and engineering work will commence immediately from Sub
Subsea 7 S.A. announced the award of a contract valued at approximately $140 million from Statoil for the removal and replacement of risers, flowlines and associated subsea structures on the Norwegian Continental Shelf. Project management and engineering work will commence immediately from Subsea 7’
Statoil has started the build-up of its Aberdeen operating organisation and reported today at SPE Offshore Europe 2013 that the company and its partners are on track with the Mariner field development project. The Mariner heavy oil field was discovered in 1981. Statoil entered the license as operato
DOF Subsea Rederi AS, an entity in the DOF Subsea Group, has entered into an agreement where the vessel Skandi Bergen is sold to an international buyer. Delivery to the new owners is expected early 2014. Based on today’s USD/NOK exchange rate estimated gain on sale of tangible assets will be approxi
Eni has made a new high impact discovery at Agulha exploration prospect, in Area 4, offshore Mozambique. Preliminary estimates show that the Agulha structure could contain 5 to 7 Trillion cubic feet of gas in place. Eni and its Area 4 Joint Venture partners are finalizing the assessment of the disco
Otto Energy Ltd (“Otto”), has been formally awarded Service Contract 73 (formerly Area 7) under the Fourth Philippine Energy Contracting Round. The award of this service contract is a reflection of Otto’s significant expertise in the Philippine oil and gas industry. Otto will now commence a program
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed and finalized an agreement to acquire SBM Offshore’s cryogenic hose system technology. The transaction will strengthen Trelleborg’s offering of innovative and critical products and solutions for the growing floating li
Otto Energy Ltd, has been formally awarded Service Contract 73 (formerly Area 7) under the Fourth Philippine Energy Contracting Round. The award of this service contract is a reflection of Otto’s significant expertise in the Philippine oil and gas industry. Otto will now commence a program involving
Following execution of a Letter of Intent (LOI) by EXMAR with LNG Partners, LLC and LNG BargeCo BVBA for the long-term charter of a Floating Liquefaction & Storage Unit (FLSU) to serve the BC LNG Project near Kitimat, British Columbia, Canada, EXMAR and LNG Partners announced that they have taken a
Dana Petroleum has started drilling operations on its Western Isles Development Project two months ahead of schedule. The work is being undertaken by the drilling rig Ocean Nomad, leased from Diamond Offshore, in the Northern North Sea. Western Isles is a $1.6 billion development project which is ex
Iraqi Prime Minister Nuri Al-Maliki and Eni’s CEO Paolo Scaroni met today in Baghdad to discuss Eni’s activities in the country. During the meeting, Scaroni along with Claudio Descalzi, COO of Eni E&P, updated the Prime Minister on the development activities at the Zubair oil field and discussed the
