The “Innovation, collaboration, and cost-reduction” session was held on the first day of OEEC 2018 (Organisation for European Economic Cooperation) and focused on new technological advances in the offshore industry. As the session explained, every industry downturn calls on service providers and operators to…
Overall, crude oil prices have surged in the past year. The uptick has inspired various oil and gas industry observers to ponder whether crude oil will return to the triple digits – as was the case as recently as 2014. Whether crude crosses the…
Petrogas E&P Netherlands BV has exercised an option with Maersk Drilling to extend the current contract of the jack-up rig Maersk Resolute. The contract extension is for one well, A15, on the Dutch continental shelf, with an expected duration of 21 days. The exercised…
CNOOC has contracted Aker Solutions to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field in the South China Sea. The contract is valued at more than NOK1.7 billion (US$205 million). The subsea production system for the Lingshui 17-2…
EDF Renewables North America has selected MHI Vestas Offshore Wind as the preferred supplier for the Nautilus Offshore Wind project off the coast of Atlantic City, New Jersey. The pioneering offshore wind project, the first in New Jersey, has plans to feature three V164-8.3…
Esso Exploration & Production Guyana Ltd has let a contract to TechnipFMC for the engineering of the subsea system for the proposed Liza Phase 2 project on the Stabroek block offshore Guyana. Following engineering and subject to requisite government approvals, project sanction, and an…
AXA XL gains approval to move EU unit from the UK to Dublin Re/insurer AXA XL has received authorisation from the Central Bank of Ireland (CBI) to move its principal EU insurance company, XL Insurance Company (XLICSE), from the UK to Dublin in response to…
Jacobs Engineering Group Inc has announced that it has entered into a definitive agreement to sell its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Limited for US$3.3 billion. The Jacobs board of directors and the WorleyParsons board of directors have each approved the…
As the sun reaches its crest over Oman’s sandy landscape, temperatures soar past the point at which it can melt a road. The searing heat triggers sensors which roughnecks extracting natural gas from a BP well are wearing across their chests. Faster than a drop…
Oil and gas company FAR Limited has started drilling the Samo-1 exploration well in block A2, offshore The Gambia. The Stena Drilling-owned drillship Stena Drillmax arrived on site on the 21st October and after standard pre-drill operations, the well was successfully spudded, FAR said…
