The Board of Directors of Italy-based global energy corporation Eni has approved possible one or more bonds issues.The issue of the bonds is to be placed with institutional investors, with a value of up to a maximum amount of 3 billion euro…
Diamond Offshore Drilling order Moss CS60E design harsh environment semi-submersible drilling rig from Hyundai Heavy Industries, & charter it out to BP subsidiary.The 10,000 ft. dynamically positioned rig is expected to be delivered after November 2015…
Petrobras CEO welcomed U.S. Vice-President and diplomats to the company's Research Center (Cenpes) in Rio de Janeiro.The company's CEO, Maria das Graças Silva Foster, welcomed the U.S. vice-president, Joe Biden, along with the US ambassador to Brazil…
Mike Sumruld has been named Vice President and Treasurer of the giant oil-field services provider.'Mike brings more than 20 years of diversified financial expertise, international experience and a record of solid performance within Baker Hughes to his new role as Treasurer…
As part of President Obama’s all-of-the-above approach to domestic energy development, Bureau of Safety and Environmental Enforcement (BSEE) Director James Watson today announced the Bureau is taking steps to establish an independent Ocean Energy…
Houston-based Forum Energy Technologies agrees to acquire Blohm + Voss Oil Tools from STAR Capital Partners Limited (STAR), a London based private equity firm.Completion of the transaction is subject to certain customary closing conditions…
The need for a comprehensive and risk-aware understanding of Arctic dynamics before proceding with development is emphasised in a recent research paper.The melting of the Arctic is expected to offer prospects for maritime transport and hydrocarbon…
KCA Deutag has won significant subsea drilling operation & maintenance contracts from core clients Total E&P UK, EnQuest & CNR International (CNRI).The company was awarded a contract with Total E&P UK to provide drilling operations and maintenance services on the Alwyn North and Dunbar platforms…
DNV Business Assurance receives approval to begin Safety and Environmental Management Systems (SEMS) audits of oil and gas drilling operators in the Gulf of Mexico & US Outer Continental Shelf.SEMS is the Safety and Environmental Management…
The contract with Statoil is to provide a floating storage and offtake (FSO) unit for the Gina Krog oil & gas field located in North Sea.The contract will be serviced by a new FSO unit converted from the 1995-built shuttle tanker, Randgrid…
FMC Technologies, Inc. to support Shell's ultra-deepwater project in the Walker Ridge area of the Gulf of Mexico.Stones is located approximately 200 miles (322 kilometers) off the Louisiana coast in approximately 9,600 feet (2,926 meters) of water…
US's Duma Energy Corp. says it has received new 3D seismic data in its search for deeper oil reserves in its Galveston Bay producing fields.This new data, which covers three of Duma's fields in Galveston Bay, is part of a broader effort…
Oil & Gas U.K. said it is pleased that a plenary vote in the European Parliament may see the introduction of a directive on offshore safety and environment.Robert Paterson, Oil & Gas U.K.’s health, safety and employment director, said: “Oil & Gas U…
Balance Point Control Ltd. (BPC), a Superior Energy Services, Inc. company, has developed the Concentric Snubbing Unit- 160 (CSU – 160) rig assist snubbing unit. According to BPC their new CSU-160 is the first fully remote-operated snubbing unit on the market…
Aker Solutions has laid the foundation stone of a new plant in Paraná that will double the company's subsea production capacity in Brazil.The plant in the city of São José dos Pinhais in the Paraná state in Brazil will be operational in 2015…