Saipem has been awarded new offshore Engineering & Construction contracts in the Gulf of Mexico, for a total amount of approximately $750 million.Pemex has awarded Saipem an EPCI contract for the development of the Lakach field, located…
Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte. Ltd. for $27.7 million (USD).Headquartered in Singapore…
MOL adds DPS and enhances safe operation by integrating expertise through mergerMitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd. effective October 1, 2014. The new company…
A leading North-east project services, engineering and consultancy firm has expanded its team with the addition of a key appointment as part of its long term growth strategy.Aberdeen based, CSL, located at Geo House on Commerce Street has…
Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People…
Cairn is pleased to announce that it has entered into a farm out agreement for the sale of a 10% interest in the Catcher development and adjacent acreage in the UK North Sea. With effect from 1 January 2014 Dyas UK Limited (Dyas) shall acquire…
Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement with a customer worth USD 3.5 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. 'It satisfying to note that our…
A U.S. judge has ruled that BP Plc cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, NOLA.com reported on Wednesday.BP originally expected the payout program to cost $7…
The board of directors of the Oslo Stock Exchange has approved the listing of shares in Aker Solutions Holding ASA, to be renamed Aker Solutions ASA on completion of the demerger of Aker Solutions, and granted permission for trading in the shares to begin on September 29…
The Board of Directors of COSCO Corporation (Singapore) Limited announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Co., Ltd, have secured contracts valued at approximately USD230 million…
The present EU and US sanctions are not expected to impact Viking Supply Ships’ operations and financials in 2014. It is too early to say whether sanctions will impact the drilling seasons 2015 and onwards.Four of Viking Supply Ships’ AHTS-vessels…
Aberdeen-based well maintenance and integrity services business Well-Centric Oilfield Services is looking to significantly expand its footprint in the oil and gas sector with an ambitious North Sea and international strategy to deliver 30% growth year on year…
Chariot Oil & Gas Announce Interim Results for 1H 2014 Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces its unaudited interim results for the six month period ended 30 June 2014…
Petronas Carigali, the Exploration and Production subsidiary of the national oil company in Malaysia, has extended the contract for the jack-up rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015…
Russia's biggest oil producer Rosneft said on Saturday that Exxon Mobil was still continuing exploration drilling at their joint project in the Arctic Kara Sea.'The work on the University well is continuing according to plan. We are satisfied with the decision of the U…
