Deepwater ///
Leading offshore drilling contractor Transocean has reported a net loss of $739 million, or $2.04 per diluted share. To add to the contractor's troubles, Moody’s downgraded Transocean debt to junk after the company booked over $1 billion in write offs.
INTECSEA has been selected by Chevron to provide engineering and long-lead procurement services for the front-end engineering & design
(FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico.
CGG, the oil field seismic surveyor that rejected a takeover approach last year by Technip, reported a net loss of $1.2 billion in 2014 after a writedown for restructuring costs and an impairment on marine assets.
McDermott International and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects.
Elsevier has launched Geofacets Mexico, a special edition of Geofacets, designed to give oil and gas companies a competitive advantage in completing Mexico’s oil and gas block bidding.
Saipem has awarded Schneider Electric a contract to design, fabricate and pre-commission two fully-integrated technical buildings—also called E-House modules—to support the deepwater Kaombo FPSO project in Angola, operated by Total E&P Angola with a 30% share on Block 32.
U.S. and European suppliers to the oil industry are still able to seek work in Russia’s Arctic despite sanctions designed to limit their involvement because the rules don’t apply to foreign subsidiaries.
Conductor Installation Services (CIS), an Acteon company, has announced that it has successfully completed a conductor installation operation 17 hours ahead of schedule for a leading North Sea oil and gas operator.
Rowan Drilling has taken delivery of the Rowan Reliance ultra-deepwater drillship. The third in a series, the newbuild was built at the Hyundai Heavy Industries yard in South Korea.
HAMILTON, Bermuda – Seadrill, the world's third-biggest offshore driller, has cut $1.1 billion worth of Petrobras orders from its backlog.
Vallourec has developed an innovative forging process to produce seamless forged landing strings.
Petrobras halted drilling at its largest oil discovery in deep waters, two people with knowledge of the matter said, underscoring the technical challenges facing the company’s new management team.
TULSA, Oklahoma -- Williams and DCP Midstream Partners have announced that the new extended Discovery natural gas gathering pipeline system is now flowing natural gas.
CNOOC Limited has signed two PSCs with SK Innovation for Blocks 04/20 and 17/03 in the South China Sea, located in the Pearl River Mouth basin.
Shell and its partner Mitsui Oil Exploration Co. (MOECO) have signed exploration and production sharing contracts with Myanma Oil and Gas Enterprise of Myanmar for three deepwater blocks.
U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper have announced that Interior will offer 41.2 million acres for oil and gas exploration and development in the Gulf of Mexico in a March lease sale.
Seatronics, an Acteon company, and 2G Robotics, have announced a global sales and distribution partnership.
Petrobras announces the discovery of new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos basin post-salt layer.
ASKER, Norway -- Aqualis ASA has decided to merge the operations of Tristein AS into Aqualis Offshore AS.
Chevron’s wholly owned subsidiary, Chevron Mauritania Exploration Ltd., has reached an agreement to acquire a 30% non-operated working interest in blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy.