Offshore ///

Scheduling software to offer subsea industry unprecedented cost reductions

International project services consultancy, Cambla, is to release a new version of its state-of-the-art software, the Schedule Animation Tool (S.A.T.), next week at SPE Offshore Europe.

Keppel acquires Cameron's offshore rigs business

Keppel Offshore & Marine USA has completed acquisition of Cameron's offshore rigs business, which comprises the LETOURNEAU jackup rig designs, rig kit business, and aftermarket services for $100 million.

Statoil drills dry well in North Sea

Statoil Petroleum, operator of PL72 B, is in the process of completing the drilling of wildcat well 16/7-11 located near the Sleipner Øst field in the North Sea. The well is dry.

Maersk gets UK approval for $4.5-billion Culzean field development

The development of the largest new field discovered in the UK North Sea for a decade has been approved by the UK Oil & Gas Authority. The Maersk Oil operated high pressure, high temperature (HPHT) Culzean field in the UK Central North Sea is expected to produce enough gas to meet 5% of total UK demand at peak production in 2020/21. Culzean is also the largest gas field sanctioned since East Brae in 1990.

Eni discovers 30 Tcf gas field in Mediterranean offshore Egypt

Eni has discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea.

OEG Offshore U.S. arm merges with Gulf coast equipment provider

OEG Offshore, a global provider of cargo carrying units (CCUs) and A60 modules to the oil and gas industry, has announced the merger of its U.S. business with Louisiana-based oilfield equipment provider Cameron Rental and Tank Inc. (CRT).

IKM Testing acquires Oceaneering’s machining, cutting business

The IKM Group announced Friday that IKM Testing has entered into a purchase agreement to acquire Oceaneering’s Norwegian onsite machining and cutting business.

McDermott bags its largest Middle East contract from Saudi Aramco

McDermott International has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.

DNV GL awards class for two self-elevating construction, accommodation units

DNV GL will be working with the Chinese-owned Tianjin Desail to develop a new liftboat design for offshore construction, accommodation and maintenance.

Maersk Oil awards integrated services contract to Amec Foster Wheeler

Amec Foster Wheeler has won a three year integrated services contract (ISC) from Maersk Oil. The value of the contract has not been announced.

Loyd’s Register to class world’s largest heavy lift crane vessel

Loyd’s Register has won a contract to class the world’s largest heavy lift crane vessel (NSCV) for the Netherlands-based Heerema Group.

Total sells North Sea midstream assets for $905 million

Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for around $905 million (£585 million).

Tap Oil inks production sharing contract for Myanmar block

Tap Oil has formalized its entry into Myanmar following the signing of the Production Sharing Contract (PSC) for the shallow water Block M-7 in the Moattama basin.

Danos wins contract for Shell’s deepwater Appomattox project

Danos has been selected by Shell Offshore Inc. to fabricate three boarding valve skid assemblies for its deepwater Appomattox project.

Norway authorizes equipment for improved recovery on Gullfaks

The Norwegian Petroleum Directorate (NPD) has granted the licensees of Gullfaks Sør consent for start-up and operation of a new subsea wet gas compressor and umbilical on the Gullfaks field in production licence 050.

Shell spuds Portrush exploration well in Norwegian Sea

AS Norske Shell has started drilling Portrush exploration well 6407/10-5 in the Norwegian Sea, Faroe Petroleum, a junior partner in the license, announced Wednesday.

Cnooc first-half profit drops 56% on plunging crude prices

Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56% decline in profit for the first half of this year.

Transocean targets dividend payout as asset writedowns mount

Transocean Ltd., the offshore oil-rig operator that lost two-thirds of its value in the past year, plans to cancel its dividend and record 2 billion Swiss francs ($2.1 billion) in asset impairments as free-falling crude prices slash demand for drilling vessels.

Petrofac rises as order boost counters delay at North Sea fields

Petrofac Plc, a UK oil-services provider, rose the most in five weeks in London trading as an expanding order backlog countered setbacks in the North Sea.

Exceed launches world’s first decommissioning collaboration tool

The world’s first online information management system for the offshore decommissioning market has been launched by well management and performance improvement specialist, Exceed.