Petrofac, a UK-based service provider to the oil and gas production and processing industry, was awarded a Duty Holder contract from BP to support late life management of the Miller platform in the UK sector of the North Sea. The signed contract is for ‘life of asset’ with a four year ceiling after
UK company providing logistics to the energy sector Peterson has secured a long term logistics contract with North Sea oil and gas operator Taqa. The five year contract is for integrated supply base and logistics operations supporting Taqa’s offshore assets in the UK North Sea – Harding, Tern, Eider
Two Dutch firms Damen Shipyards Group and GustoMSC have teamed up and plan to produce a range of self-propelled and non-self-propelled jack-up platforms for the offshore industries – the DG JACK range. The collaboration deal was signed on Monday in Houston during the Offshore Technology Conference (
Offshore drilling contractor Diamond Offshore Drilling returned to profit in the first quarter of 2016, compared to a loss a year earlier. The company’s revenues on the other hand dropped in the first quarter of 2016. The drilling contractor posted a net income of $87 million in the first quarter of
Seven companies had employees aboard the helicopter which crashed at Turøy, off Bergen, Norway, on Friday. There were thirteen people in the aircraft, en route from Statoil’s Gullfaks B field to Bergen, and all of them are confirmed dead. According to a statement by Statoil, the 11 passengers aboard
The U.S. offshore rig count dropped by one unit from last week’s count and by 9 rigs year over year, Baker Hughes, an oilfield services provider, has said in its latest weekly rig count report. BHI Rig Count: U.S. -11 to 420 rigs U.S. Rig Count is down 11 rigs from last week to 420, […]
After striking dust at its Melmar offshore exploration well in the Gulf of Mexico, ConocoPhillips is pulling the brake on its drilling plans in the area. The well had been drilled using the Maersk Valiant drillship, owned by the Danish drilling contractor Maersk Drilling. After failing to find comme
ConocoPhillips, a US-based exploration and production company, has failed to find hydrocarbons at a well in the U.S. Gulf of Mexico. The company drilled the Melmar exploration well at the Perdido Fold Belt in the deep waters of the Gulf of Mexico, however only managed to encounter non-commercial qua
One of the world’s largest offshore rig builders Sembcorp Marine, aka SembMarine, saw its revenue fall to S$918 million in the first quarter of 2016. This is a 30 percent drop, when compared to $1.3 billion achieved in the corresponding quarter of 2015. The company’s largest business Rigs & Floaters
Offshore drilling contractor Noble Corporation posted first quarter 2016 net income attributable to the company of $105 million, on revenues of $612 million. In comparison, for the first quarter of 2015, net income attributable to Noble Corporation was $178 million, on revenues of $804 million. Net
U.S. oil and gas producer Hess saw it first quarter 2016 loss deepen to $509 million, down from a net loss of $389 million in the first quarter of 2015. This means that the company posted a loss of $1.72 per common share, which is according to Reuters, a better result than expected by the […]
American Petroleum Institute (API) has called for the maximum offshore acreage allowed to be offered in Department of Interior’s 2017-2022 five year lease plan. Speaking ahead of a public hearing in Washington D.C., held to discuss the proposed offshore lease plan, API CEO Erik Milito said the signi
Mubadala Petroleum has completed the development drilling on the Manora oil development in the Northern Gulf of Thailand. Mubadala started drilling of the first of two development wells on the Manora field on March 22, 2016. Tap Oil, the partner in the project with 30% interest, said on Wednesday th
Transocean’s Henry Goodrich semi-submersible drilling rig has reached Canadian waters, following the trans-Atlantic journey from Norway. The image shows the yellow drilling giant reaching Grand Banks, off Newfoundland, Canada, with the ALP Winger on bridle and the Maersk Detector and Maersk Dispatch
