Ecuador formally joined the World Energy Council as a member country last Friday, 22 August. In a ceremony in Quito, hosted by Dr. Esteban Albornoz Vintimilla, Minister of Electricity and Renewable Energy, the World Energy Council formally…
Wood Group has boosted its Norwegian offshore engineering capability by buying Agility Projects from Agility Group for about US$164 million. Agility Projects is a Norwegian engineering, procurement, construction management, installation and commissioning company…
Statoil opened a new improved oil recovery (IOR) center in Trondheim the same day it announced an R&D-focused strategic agreement between subsidiary Statoil Technology Invest (STI) and Scottish Enterprise. The new IOR center will be the largest center of its kind in the country…
Norwegian drilling contractor Norshore is to carry out top hole drilling in the Malikai field in Malaysia as part of a contract with Sabah Shell Petroleum Company, Far Frontier Energy Sdn. Bhd. Norshore said the contract was a breakthrough…
Offshore marine company Otto Marine will hold a naming ceremony for the Norshore Atlantic at its Batam Shipyard, Indonesia, today. The Norshore Atlantic is one the first of its kind to be constructed by an Asian yard, says Otto. It…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
Ghohta discovery Lundin Petroleum made an oil discovery on the Ghohta prospect in exploration licence PL492 in the Barents Sea. The well, 7120/1-3, 35km northwest of Snøhvit field, found a 75m oil column in Permian carbonates. Statoil…
Otto Energy Ltd. is drilling two horizontal wells in the second phase of development at Galoc field offshore the Philippines. The wells are being batch drilled in 311 m of water. Otto projects the Galoc-5H and Galoc-6H development wells will be drilled to a total vertical depth of 2…
Andrew McBarnetIf there was such a thing as an annual horoscope for the marine seismic and related geophysical businesses, then in the coming year we can expect at least some improvement on 2012. In other words, unless there is some totally unexpected destabilizing economic…
Jumbo bolsters heavylift fleetJumbo Shipping last month confirmed that it has ordered a second new K-class vessel, with an option on a third, to complement its existing fleet. And following engineering studies, the Rotterdambased specialist…
Aw Chin Leng has been promoted to executive director of Singapore-based ship building, repair and conversion firm Otto Marine.
Hunting has completed the acquisition of Specialty Supply for an initial cash consideration of $31 million. Located in Houston, Specialty manufactures precisionmachined MWD parts used in directional drilling markets worldwide.Lankhorst Mouldings and…
Rowan Companies is selling all its shares in manufacturing subsidiary LeTourneau Technologies to Joy Global in a $1.1 billion cash deal. Rowan acquired LeTourneau, which built the majority of Rowan's jackup rig fleet, in 1994. Rowan president…
Engineering and building production facilities in-house not only saves money but can also give offshore suppliers a sizeable market edge. That's been the case, and not for the first time, at Moerdijk-based offshore steel wire ropes, cable-laid…
The six-month moratorium on deepwater drilling in the Gulf of Mexico following the Deepwater Horizon disaster has forced oil & gas companies to redraw their plans for the rest of the year. But the effects of the ban could linger long after, as Russell McCulley reports…
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