Taut Wire Joins STR’s Growing Inventory

Global specialists in the design, production and rental of subsea technology for the offshore energy industry Subsea Technology & Rentals Ltd (STR) announced the

Transocean Senior VP to Resign

Lars Sjöbring, Senior Vice President and General Counsel at Transocean Ltd., will be leaving the company, Transocean announced today. Sjöbring has agreed to aid in the search for a replacement,

Athens Training Center Adds Navigation, DP Simulators

K-Sim Navigation and K-Sim DP, Kongsberg Maritime’s latest generation ship-handling and Dynamic Positioning simulators have been chosen to further advance Tsakos

Norway Cuts 2016-18 Growth Outlook

The Norwegian economy will grow less than anticipated in the next three years as the impact of lower oil prices spreads throughout the economy, fresh forecasts

Statoil Makes Largest APA Application in 10 Years

Norwegian oil major Statoil has applied for exploration acreage in the annual round of what's known as Norway's pre-defined licensing round (APA 2015), the company

Schlumberger Acquires Novatek

  Schlumberger announced today that it has acquired Novatek Inc. and Novatek IP, LLC., U.S.- based companies that specialize in synthetic diamond technology primarily for the oil and gas industry.

Edelweiss Now Controls Bharati Shipyard

 Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.   Edelweiss now controls 70% of the Indian yard’s debts.

Offshore Operators Can Simplify Safety Equipment Logistics

Safety equipment manufacturer VIKING Life-Saving Equipment said its Offshore Safety Agreements are providing relief for offshore operators seeking to ensure compliance

Brazil Requests More Information from Maersk in Petrobras Probe

Denmark's shipping and oil group A.P. Moller-Maersk said one of its employees in Brazil received a request from authorities last month to provide additional information

Keppel Delivers Jackup to UMW-OG

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG).

China: $5 bln Loan to Boost PDVSA Output

Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said. Maduro,

Rosneft: COSL to Drill Offshore Wells

China Oilfield Services Limited (COSL) will drill two offshore exploration wells for Russia's Rosneft, the Kremlin-controlled oil giant said on Wednesday, as it

PGS: Market Weakness to Continue

The market for seismic vessels will probably remain weak for an extended period, Petroleum Geo-Services Chief Executive Jon Erik Reinhardsen told an oil conference in Oslo on Wednesday.

Subsea 7 Bags $150 million Offshore UK Contract Maersk

 Offshore contractor Subsea 7 has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea.

SMOE Wins $1bln Multi-platform Culzean Contract

 Singapore's offshore services provider Sembcorp Marine has won an engineering, procurement and construction (EPC) contract worth over USD1 billion for the Culzean

India's Oil Exploration near South China Sea Irks China

 The state-run China Daily says that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is "illegal and is an "unwise move" that

Sembcorp Unit Wins $1 bln Maersk North Sea Deal

  Sembcorp Marine subsidiary SMOE Pte Ltd has secured an Engineering, Procurement and Construction (EPC) contract worth over USD One billion (including long lead

Latest ShipConstructor Update Targets Offshore

With the release of ShipConstructor 2016 R1.1, SSI said it provides additional enhancement for the offshore rig construction market, particularly with regards to weld management.

MODEC FPSO Achieves First off Brazil

MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil,

Horizon Marine Adds Three New Hires

Oceanographic services company Horizon Marine, a recent CLS Group acquisition, has brought on three new hires in its Marion, Mass. Office, the company announced today.

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