Diamond Offshore Drilling and GE Oil & Gas have announced the offshore drilling industry's first-of-its-kind contractual service agreement (CSA) that transfers full accountability for BOP performance to GE Oil & Gas.
Total has started production from the Laggan and Tormore gas and condensate fields, located in 600 m of water in the West of Shetland area. The fields will produce 90,000 boed.
BHP Billiton Petroleum has awarded Fugro a contract for the Pyrenees phase 3 installation project.
Unite, Britain’s biggest offshore oil trade union, has warned the UK government that billion-pound losses announced this week by oil industry supermajors could, without serious interventions, bring an end to meaningful production in the North Sea within years.
As most of the battered oil industry looks ahead to 2017 for a solid recovery, signs are emerging that the downturn pain could last even longer for owners of the floating rigs that drill in water more than two miles deep.
Halliburton has announced the release of the Dash 3-in. Subsea Safety System, a complete solution for electrohydraulic control of Halliburton's subsea safety tree.
Bibby Offshore has developed an innovative vessel share option for clients, which has the potential to provide the subsea industry with significant savings through encouraging collaboration, cost-efficiencies, as well as providing increased productivity.
Swiber Holdings Limited has completed a multi-million dollar platform and subsea pipeline installation project in South America. The platform is considered to be the world’s southernmost platform project.
CGG has been awarded an extension to a major 3D seismic survey it successfully completed on the Caribbean coast offshore Colombia in late 2015.
Statoil has awards contracts, with a combined value of approximately NOK 1.6 billion, for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog.
Subsea 7 has won a sizeable three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea, Dana Petroleum, Hess Denmark, Nexen Petroleum UK, Talisman Sinopec Energy UK and TAQA Bratani.
Oceaneering International said Tuesday that a unit of BP has exercised its right, under the field support vessel services contract that was entered into with the company for work offshore Angola, to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the end of May.
Songa Offshore is to cut up to 200 onshore workers in response to depressed market conditions. The company is proposing to cut 76 employees and 124 contractors, according to a statement released Monday.
Plexus Holdings has secured a purchase order with Talisman Malaysia Ltd., which is a part of the REPSOL Group, to supply its best-in-class wellhead system for an exploration well offshore Malaysia.
Lundin Petroleum has entered into a committed seven year senior secured revolving credit facility of up to $5 billion, with an initial committed amount of $4.3 billion.
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway has secured two contracts for work at North Sea fields operated by ConocoPhillips.
Norway's Petroleum Safety Authority on Monday slammed oil and gas producer Statoil ASA for serious breaches of regulations after a 2015 leak at Gudrun field in the North Sea
Statoil has awarded Bristow Norway contracts for personnel transportation from Bergen and Florø starting on May 1, 2017.
HONG KONG -- CNOOC’s Weizhou 12-2 joint development project and Weizhou 11-4 North Phase II project have recently commenced production, China’s largest offshore driller said Monday.
Lundin Malaysia, a wholly owned subsidiary of Lundin Petroleum, has signed farm-out agreements with certain wholly owned subsidiaries of DYAS for part of its working interests across three production sharing contracts (PSC) in Malaysia.