Houston-based Helix Energy Solutions and Jurong Shipyard entered into a second amendment to delay the construction of Helix’s Q7000 newbuild semisubmersible well intervention vessel. Image from Helix Energy Solutions…
North Atlantic Drilling (NADL) entered into a standstill agreement, effective until June 2016, with Jurong Shipyard for the delivery of the sixth generation harsh environment semisubmersible drilling rig, the West Rigel. During the standstill period until June 2016…
Tullow Oil's TEN development project offshore Ghana is about 75% complete and on schedule and on budget to deliver first oil in mid-2016, the firm said this morning. The floating production, storage and offloading vessel for the project…
Helix Energy Solutions Group's dedicated DP3 well intervention unit, the Q5000, semisubmersible entered service last week and is currently on hire for an unnamed client in the Gulf of Mexico, the company announced on 27 October. Helix took delivery of the semisub in May…
Norwegian authorities performed a search and seizure of Sevan Drilling’s offices last week, after corrupt activities between Sevan Drilling and Brazil’s Petróleo Brasileiro (Petrobras) were exposed in an independent external review conducted by Sevan Marine…
Petrobras announced a further hydrocarbon discovery at the giant pre-salt Libra field in the Santos basin, offshore Brazil. The Brazilian national said that well 3-BRSA-1310-RJS, in the central portion of the block, identified the presence of hydrocarbons in a low-porosity reservoir…
Seadrill is exercising its right to cancel the construction of the newbuild West Mira after Hyundai Heavy Industries failed to deliver the vessel on time. West Mira illustration. From Seadrill…
Quadrant Energy will spud the Roc-1 well located in the North West Shelf off Western Australia using the Tom Prosser jackup rig. The rig will drill a well for Vermillion Energy at the Wandoo oil field in the northwest of Dampier before commencing Roc-1 drilling operations…
Eni subsidiary Saipem is implementing a turnaround and US$1.4 million (€1.3 million) cost-cutting program from 2015-2017 that will downsize the company’s Brazilian and Canadian operations, vessels, and implement job cuts. The program also…
The drilling market is turning out to be worse than in 2008-9 and is expected to continue into 2016 and beyond, says Norway’s Akastor as it feels the brunt of the low-oil price driven down turn. The former Aker Solutions company is planning…
Dutch offshore contractor Heerema Marine Contractors (HMC) sealed its deal with Jurong Shipyard to build its new mega-heavy lift crane vessel. HMC had already signed a letter of intent with the Sembcorp Marine subsidiary. Today's engineering and construction contract…
Petróleos Mexicanos (PEMEX) is working with the Secretaría de la Función Pública (SFP) on an investigation involving a PEMEX worker for allegations of extortion from food service and hospitality company Súper Pereyra, S.A. de C.V. Image…
Technip has won the contract to provide detailed engineering and procurement services for the topsides of what will become a floating production and offloading (FPSO) for Brazil's multi-billion barrel pre-salt Libra field. The FPSO, which will be a conversion from a shuttle tanker…
Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…
