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Tidewater And GulfMark To Merge

Tidewater And GulfMark To Merge

July 17, 2018 No Comments

Tidewater Inc. (NYSE: TDW) (“Tidewater”) and GulfMark Offshore, Inc. (NYSE: GLF) (“GulfMark”) today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement to combine the two companies. This combination, if consummated, will create a global offshore support vessel leader positioned to capitalize on significant cost synergies and superior growth […]

Roxtec secures safety seal order with Britain’s £200m polar ship

Roxtec secures safety seal order with Britain’s £200m polar ship

July 10, 2018 No Comments

International manufacturer Roxtec is helping protect Britain’s new £200m polar research vessel – RRS Sir David Attenborough – after supplying a range of specialist safety seals. The new build ship is being funded by the Natural Environment Research Council (NERC) built by Cammell Laird in Birkenhead and run by the British Antarctic Survey (BAS). It […]

Wintermar Offshore  Repays US$39.72 Million Loan in Full

Wintermar Offshore Repays US$39.72 Million Loan in Full

July 2, 2018 No Comments

On 1st July 2018, the WINS Group (WINS.JK) fully repaid the US$39.72 million syndicated loan by OCBC Bank and PT OCBC NISP that was disbursed in 2010. Sugiman Layanto, Managing Director of PT Wintermar Offshore Marine Tbk (WINS), said, “Although the past few years have been very challenging for everyone in the oil and gas […]

Eni completes 10% stake sale in Shorouk concession, offshore Egypt

Eni completes 10% stake sale in Shorouk concession, offshore Egypt

June 21, 2018 No Comments

Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located. Eni, through its subsidiary IEOC, now holds a 50% stake of the Contractor’s Share, while Rosneft holds 30%, BP 10% […]

Eni completes the ramp-up of Ochigufu field

Eni completes the ramp-up of Ochigufu field

June 11, 2018 No Comments

Eni has completed the ramp-up of the Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 barrels/day (b/d) less than 2 months from start-up. This result allows the operated production from block 15/06 to be stable above 150,000 b/d, and is in line with the goal of adding 54,000 b/d to the […]

NHV awarded offshore contract by Dana Petroleum

NHV awarded offshore contract by Dana Petroleum

June 8, 2018 No Comments

The NHV Group announced a new long term contract with Dana Petroleum to provide helicopter services to their central and northern North Sea assets. Daily flights will depart from NHV’s base in Aberdeen to the Triton FPSO in the Central North Sea and Western Isles FPSO in the East Shetland Basin for a period of […]

TechnipFMC Awarded Offshore Water Handling Project for Woodside

TechnipFMC Awarded Offshore Water Handling Project for Woodside

June 6, 2018 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a contract by Woodside to upgrade the Pluto Platform Offshore for water treatment, located offshore Western Australia. The contract includes the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of the Pluto Water Handling Module. This module, to be installed on the existing Pluto Alpha Gas Production Platform, […]

Equinor awarded 9 licences

Equinor awarded 9 licences

May 23, 2018 No Comments

Equinor has been awarded 9 new licences in the 30th Offshore Licensing round, 8 as operator, as announced by the Oil and Gas Authority (OGA) today. “This strengthens our position as an ambitious UK explorer. We believe the UKCS is underexplored and anticipate that there are new discoveries yet to be made that can add […]

Eni Gets approval for development plan for Merakes discovery offshore Indonesia

Eni Gets approval for development plan for Merakes discovery offshore Indonesia

April 18, 2018 No Comments

Eni announces the approval of the Plan of Development (POD) for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, offshore East Kalimantan, Indonesia. The Minister of Energy has granted the approval and Mineral Resources of the Republic of Indonesia, just 3 months after the submission of the plan and less […]

Vitol announce 2017 operational update

Vitol announce 2017 operational update

March 27, 2018 No Comments

Vitol continues to perform solidly. Overall volumes held steady at just over 7 million barrels per day and turnover rose to $181 billion on the back of an increase in the average oil price over the course of the year. Challenging market conditions required a constant focus on careful risk and margin management, though strong […]

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