Walter Cumming, head of oil and gas, Barclays Corporate, weighs in. The theme of cautious optimism remains as we move towards the end of the year and all eyes are on the 2012 budget as the industry hopes to see longer-term certainty and clarity in areas such as decommissioning…
The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline…
Statoil has acquired a 30% participating interest in block 47 offshore Suriname from Tullow Oil. Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest…
Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9 sailing around Cape of Good Hope. For this operation Fairmount was contracted by Saipem Energies directly after the successful installation of the floating…
Acquisition strongly boosts RINA offshore and port development services. By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50…
The Bureau of Ocean Energy Management (BOEM) is seeking information from interested parties regarding proposed oil and gas lease sales in the Gulf of Mexico Eastern Planning Areas. These sales are included in the Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017…
Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued…
Swire Oilfield Services, a provider of offshore cargo carrying units and associated services, has appointed Michael King as its new UK operations director. In his new role, Mr. King will ensure that the operational capability is fully developed…
Secretary of the Interior Ken Salazar today named Rear Admiral James A. Watson IV as the Director of the Bureau of Safety and Environmental Enforcement (BSEE). BSEE was one of the two agencies to succeed the Bureau of Ocean Energy Management…
Rapp Hydema and Triplex were awarded a record-sized deck machinery contract for Australia’s Commonwealth Scientific and Research Organization (CSIRO). CSIRO selected Teekay Holdings Australia and Sembawang Shipyard Pte Ltd. to carry out the design…
Delta Wave Communications, LLC, an Elite Stratos Channel Partner is pleased to announce that they have been selected as Stratos’ distribution and installation partner for the new StratosMax II Nomadic WiMax service. With up to 1Mbps service…
Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill…
Bureau of Safety and Environmental Enforcement (BSEE) Director Michael R. Bromwich delivered remarks today during the International Association of Drilling Contractors’ Drilling and Production Keynote Breakfast here. Director Bromwich discussed…
According to the International Energy Agency’s Monthly Oil Market Report, global demand for oil usage has been adjusted slightly downward, as persistent economic uncertainty and sustained high oil prices have simultaneously thwarted demand’s previous trek upward…
Grandweld Shipyards commemorated the delivery of the second of three 41M crew boats in a ceremony held at Grandweld facility in Dubai Maritime City. This marks Grandweld’s seventh delivery in 2011. Global Queen, an advanced version of the 41m crew boat…