A uniquely designed self-propelled self-elevating jack-up barge is currently under construction in Abu Dhabi, UAE, and, once delivered, will be one of the most flexible and capable vessels in the market.Gulf Marine Services, the Middle East region’s largest elevating support vessel operator…
ITS Group, a specialist provider of oilfield equipment and services to the global oil and gas industry, announced a $55m equity investment from leading energy-focused private equity firm Lime Rock Partners.The agreement provides Lime Rock…
In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd…
According to an Oct. 5 report from the Bangor Daily News, a budget bill that appears headed for final passage in Congress includes $5m for research and development of offshore wind turbines at the University of Maine in Orono. The appropriation…
Hyperdynamics Corporation (NYSE Amex: HDY) announced that it has signed a contract with Bergen Oilfield Services AS of Norway to conduct a 9,000 kilometer 2-D marine seismic survey on portions of its oil and gas concession offshore Republic of Guinea…
Deep Down, Inc., an offshore service and technology company providing innovative subsea solutions for the world's energy and offshore industry, announced an approximate $1m order for the manufacture of 70 metric tons of buoyancy products for a major project in the Gulf of Mexico…
Angolan national oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP announced an oil discovery in ultra-deepwater block 31, offshore Angola. This is the nineteenth find made in this block.StatoilHydro holds a 13.33% stake in block 31…
Transocean Ltd. (NYSE:RIG) announced that its ultra-deepwater semisubmersible rig Deepwater Horizon has been awarded a three-year contract extension by a subsidiary of BP p.l.c. (NYSE:BP) for operations in the U.S. Gulf of Mexico commencing in September 2010…
According to a Sept 28 report from Reuters, Italy's oil and gas major Eni (ENI.MI) has bought majority stakes in two offshore exploration licenses in Ghana, making a return to potentially oil-rich African country, Eni said in a statement.(Source: Reuters)
Jumbo Offshore’s engineers and the crew of DP2-vessel Jumbo Javelin have successfully installed their first Transition Piece (TP), off the UK’s south-east coast. This is the first time that a TP has been transported and installed with only one DP2 vessel…
According to a Sept. 23 report from Bloomberg, Total SA, Europe’s third-largest oil producer, is studying expansion in Brazil as part of a plan to reverse falling output by developing new projects. (Source: Bloomberg.com)
The hull of the North Sea Gjøa platform is on its way to Norway from the Samsung shipyard in South Korea. At the weekend an EU naval force provided a military escort as the hull passed through the notorious Gulf of Aden.The result of 1.7 million hours worked in South Korea…
Technip joins StatoilHydro in celebrating the inauguration of the Hywind demonstration wind turbine, which took place on September 8 in Karmøy, Norway. Located 10 kilometers offshore Karmøy, Hywind is the first full-scale floating wind turbine and has a capacity of 2…
On September 8, 2009, Severnaya Verf shipyard, a part of United Industrial Corporation (OPK), launched a vessel for oil-rig platform provision, also known as the project VS 485 PSV. The vessel for oil-rig platform provision is equipped with…
This image from the Moderate Resolution Imaging Spectroradiometer (MODIS) on NASA’s Aqua satellite on August 30, 2009, shows the Timor Sea and what are probably oil slicks about 250 kilometers northwest of Western Australia, from a leaking oil well in the Timor Sea…