New Zealand Oil & Gas has announced that operations this morning are continuing to plug and abandon the Oi-2 well in Petroleum Mining Permit 38158, offshore Taranaki, New Zealand. The next operation will be to abandon Oi-1 prior to releasing the rig. Related: AWE’s Oi-2 well comes to nothing The wel
Hanjin Heavy Industries & Construction (HHIC) secured a contract for the construction of the world’s first LNG bunkering vessel from NYK of Japan. So far, a small bunkering vessel or barge has been used to transfer LNG fuel to a certain ship. It is the first time to use an LNG bunkering vessel for s
Global Infrastructure Partners announced the purchase of an equity interest in Freeport LNG Development by its second fund Global Infrastructure II, anticipated at 25%. Sellers, the consortium of institutional investors managed by Hastings Funds Management, Inc. and Zachry American Infrastructure, h
Bowleven, the Africa focused oil and gas exploration group traded on AIM, has announced that it has reached a mutually acceptable agreement with Petrofac to terminate the Strategic Alliance Agreement. This satisfies one of the conditions of the LUKOIL and NewAge farm-out transaction announced on 24
FES International, a recognised leader in fluid transfer solutions, has won a contract worth $300,000 to supply 12 Diverless Bend Stiffener Connectors (DBSCs) to contractor GE Wellstream. FES International has supplied DBSCs to GE Wellstream for more than a decade. The product is one of the firm’s m
Wood Group has reached an agreement with Agility Group to acquire Agility Projects AS, a Norwegian engineering, procurement, construction management, installation and commissioning company, for a total consideration of NOK 1,008m (approximately $164m1). Based in Sandefjord, near Oslo, Agility Projec
Kvaerner has reported that the H-6e drilling rig Transocean Barents will arrive at Kvaerner’s facilities at Stord this week for a two month yard stay. The main purpose of the stay is the five year classification of the rig, as well as upgrade and modification work. When the rig arrives, it will firs
The Kishon River restoration project that was suspended in late June is once again underway, as a result of pressure from the Ministry of Environmental Protection (MoEP). The cleanup project began again on July 13, after the Water Authority finally approved the discharge of treated water back into t
6 Alpha Associates, the strategic advisor for managing specialist offshore risks, has completed a contract with Pelagian Ltd, a specialist subsea cable and hydrographic survey consultancy, supporting the Channel Islands Electricity Group in managing prospective unexploded ordnance (UXO) risk for the
Atlantic Petroleum, a Faroese independent exploration and production (E&P) company, announced that drilling of the Pegasus West well 43/13b-7 has started on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jack-up rig in a water depth of about 95 feet. Pegasus West is bein
James Fisher – the UK’s leading marine services provider, announces the formation of a new venture with Aberdeen based company KDM Marine – James Fisher Mass Flow Excavation – to jointly offer their market-leading subsea excavation capability and resources to the offshore industry in a single entity
The positive development within the offshore industry has made it necessary for DONG Energy to extend the company’s office and storage facilities in the Port of Esbjerg. Therefore, DONG Energy has entered into an agreement with Blue Water Shipping to expand the two companies’ existing lease agreemen
The U.S. Army Corps of Engineers, New Orleans District, has released a Supplemental Individual Environmental Report (SIER), titled “Bayou Sauvage, Turtle Bayou, and New Zydeco Ridge Restoration Projects, St. Tammany and Orleans Parish, Louisiana.” This SIER presents changes to the recommended mitiga
Noble Corporation plc’s board of directors has approved the spin-off of Paragon Offshore plc, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinar
