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China's Cosco to construct vessels for undisclosed customers
23 April, 2014
China's Cosco Shipyard Group has received two contracts, worth $100m, for the construction of emergency response / rescue / field support vessels (ERRV), as well as PX121 platform supply...
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Aker Solutions and Baker Hughes team up to develop subsea production solutions
Wednesday, April 23, 2014 Aker Solutions has signed an agreement with Baker Hughes to form an alliance to develop technology for production solutions for reducing subsea fields...

Today's Brent price steadies over slowing Chinese data
Wednesday, April 23, 2014 Brent futures remained untouched today, trading above $109 a barrel after Chinese data showed a downturn in manufacturing activities. However, any losses were kept in check by the ongoing...

Today's Brent value steady amid uncertain Ukraine deal
Tuesday, April 22, 2014 Brent futures were steady today, trading near a six-week high of more than $110 a barrel amid uncertainties over a deal that was signed to avert the conflict in Ukraine. However, prices...

Shell uncovers deep-water gas in Rosmari-1 well off Malaysia
Tuesday, April 22, 2014 Shell has announced a deep-water gas discovery off Malaysia. Located 135km offshore in Block SK318, the Rosmari-1 was drilled to a total depth of 2,123m and encountered more than 450m of gas...

Technip receives umbilical contract to support Kaombo project
Tuesday, April 22, 2014 Angoflex, jointly owned by Technip (70%) and Sonangol (30%), and Technip's wholly owned subsidiary DUCO have received a large lump-sum contract from Total E&P...

Saipem wins $4bn FPSO contracts from Total in Angola
Thursday, April 17, 2014 Italian oil and gas industry contractor Saipem has secured contracts for a combined total of more than $4bn in Angola from French oil firm...

Today’s oil prices rise on mounting Ukraine tensions
Thursday, April 17, 2014 Crude futures rose today due to mounting tensions in Ukraine, which kept the geopolitical risk premium on the commodity...

CSA unveils new application for offshore industry
Thursday, April 17, 2014 CSA Ocean Sciences (CSA) has built and hosted a login-based GeoPortal, which is part of its 'marine environmental services for spill...

Oceana reports increase in opposition to controversial seismic airgun use along East Coast
Wednesday, April 16, 2014 International advocacy group Oceana has reported an increase in opposition to controversial seismic airgun use along the East Coast, with the joining of 110 local elected officials and...

FoundOcean wins contracts from Heerema and Bibby Offshore
Wednesday, April 16, 2014 Offshore grouting contractor FoundOcean has received two contracts from Heerema Marine Contractors and Bibby Offshore for the Solan oil field development to the west of the Shetlands in the North...

Today’s Brent value drops due to sluggish Chinese GDP growth
Wednesday, April 16, 2014 Brent futures dropped today due to sluggish Chinese economic growth, which dampened energy use in the world's second largest economy and oil...

Today’s oil prices drop on hopes of resolution to Ukraine crisis
Tuesday, April 15, 2014 Oil futures dropped today over investor expectations that a forthcoming meeting in Geneva could possibly resolve the current crisis situation in...

Drydocks to build two jack-up drilling rigs for Malta Oil
Tuesday, April 15, 2014 Drydocks World is set to build two new jack-up drilling rigs for Malta Oil & Gas as part of an...

Aquaterra Energy forecasts rise in demand for offshore rental equipment
Tuesday, April 15, 2014 UK-based offshore engineering solutions provider Aquaterra Energy has forecasted an increase in demand for offshore rental equipment in the oil and gas market as confidence in the economy...

Oil prices increase over Ukrainian conflict
Monday, April 14, 2014 Oil prices increased today after worsening geopolitical tensions over Ukraine fuelled investor concerns that the situation could lead to military confrontation with Russia and disrupt...

Total to develop offshore Kaombo project in Angola
Monday, April 14, 2014 Total and its joint venture partners have decided to develop Angola’s ultra-deep offshore Kaombo project, whose capital expenditure to reach full capacity was reduced by $4bn to...

Shell postpones Norwegian subsea gas project
Monday, April 14, 2014 Royal Dutch Shell has announced the postponement of a Norwegian subsea gas project because of increasing costs and...

AWE wins exploration permit offshore Western Australia
Friday, April 11, 2014 AWE has secured a new exploration permit offshore Western Australia as part of the Australia 2013 Offshore Petroleum Exploration Acreage...

TDW re-routes offshore gas pipeline without supply interruption in Indonesia
Friday, April 11, 2014 TD Williamson (TDW) has prevented a major gas supply interruption for residents and businesses in Jakarta, where it carried out a complex subsea pipeline pressure intervention offshore...

Today’s oil prices fell amid Libyan oil supply increase
Friday, April 11, 2014 Oil futures dropped today amid expectations that oil supply from Libya could increase; however, prices were supported by the growing tension between the West and Russia over...


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