Wood Group PSN (WGPSN) will continue its provision of engineering, procurement and construction services to the Hibernia platform, offshore Newfoundland and Labrador, under a new multi-million dollar, five-year contract extension from Hibernia Management and Development Company Ltd. (HMDC). Since fi
Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas, and energy sectors, has announced that 8 rigs are currently berthed at Drydocks World facilities for drydocking, repairs and refurbishment. The company said that this is the first time that such a momen
On 19th November, COSLPROSPECTOR, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for COSL, has been delivered in Yantai, Shandon, China. The COSLPROSPECTOR is a DP3 drilling rig with length of 104.5 meters, width of 70.5 meters, height of 37.55 meters. The rig has an opera
U.S. Senator David Vitter, Louisiana, yesterday highlighted importance of domestic energy production, following the first oil at Tubular Bells, a deepwater oil and gas field off the coast of Louisiana in the Gulf of Mexico. Tubular Bells utilizes the first classic spar built in the United States. Th
Seadrill, one of the world’s leading offshore deep-water drilling companies has chosen Liverpool for its new global service centre. The decision by New York Stock Exchange listed Seadrill was today described as a ‘major coup’ for the city and a significant boost to its offshore and maritime sector c
Tap Oil Limited has provided an update on Manora Oil Development in the Northern Gulf of Thailand. The company says that as of yesterday (November 17) the production of 8,754 barrels per day (gross) is now flowing to the FSO and it is expected to peak in the first quarter of 2015. Manora production
Lundin Petroleum has completed the Kitabu-1 well located in Blocks SB307/SB308, offshore Sabah, Malaysia. Objectives of the Kitabu-1 well were Miocene aged turbidite sands of similar age to the Shell operated South Furious 30 oil field, approximately four kilometres to the north. However the primary
Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 135 miles (217 km) southeast of New Orleans, in approximately 4,300 feet (1,310 m) of water in the Mississippi Canyon area. The discov
Chris Beckett, CEO of Pacific Drilling, has been named the EY Entrepreneur Of The Year™ 2014 National Energy, Cleantech and Natural Resources Award winner. The EY Entrepreneur Of The Year Award, a leading business award for entrepreneurs, encourages entrepreneurial activity and recognizes leaders an
Dolginskoye field operator Gazpromneft-Sakhalin (a subsidiary of Gazprom Neft) completed testing of a well drilled at the Dolginskoye field, Pechora Sea. The completion of geophysical and hydrodynamic testing will allow clarification of the underlying structure of the field and the development of a
Paragon Offshore, an offshore drilling contractor, has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or $2.13 per share based on the
IPB Petroleum has informed that the Pryderi-1 exploration well in WA-424-P, off Australia, has reached a total depth of 694m (RT) in 12.25” hole late afternoon on November 15, 2014 with no moveable hydrocarbons being encountered. IPB Petroleum said that despite some residual oil shows encountered wh
Xcite Energy has entered into a Memorandum of Understanding (“MOU”) with China Oilfield Services Limited (“COSL”), which sets out the principles for the provision of a new-build Keppel FELS N Class Plus, harsh environment jack-up drilling rig, together with equipment and personnel for the Bentley fi
Last week’s most read story was the one about SBM Offshore’s bribery case settlement. Aker Solutions followed with an announcement that it will not be laying off staff. You also read about AMEC taking over Foster Wheeler; Tullow slashing exploration budget, rig incident in Russian arctic and Hallibu
