Offshore
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Shell reveals potential 100m barrel oil find in Gulf of Mexico
Shell announced on Wednesday it has found a potential 100m barrels of oil equivalent at its deepwater Kaikias field in…
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Report claims Norwegian offshore investments will drop by 19.5% next year
Investments in Norway’s oil and gas sector will fall by nearly 40% from 2014 to 2017, according to a report…
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Royal IHC buys UK subsea firm Fraser Hydraulic Power
Royal IHC has acquired Fraser Hydraulic Power (FHP), an offshore, marine and subsea technology firm based in Newcastle, UK. The…
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Sembcorp to build FSO for MODEC
Singapore-based shipyard Sembcorp Marine Rigs and Floaters (SCM) is to build a floating storage and offloading (FSO) for MODEC Offshore…
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Sembcorp Marine fires back on Marco Polo rig cancellation
Sembcorp Marine has announced that its subsidiary PPL Shipyard has not received any notice of contract termination from Marco Polo,…
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Unions at odds over FUP call to suspend strike against Petrobras
One of the key member unions of the FUP confederation appears to be splitting from its parent body on whether…
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Marco Polo cancels rig construction contract
Marco Polo (MP) Drilling has cancelled its order for a Pacific Class 400 jack-up drilling rig at Singapore’s PPL Shipyard,…
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Reach Subsea planning for layups and layoffs
Norwegian subsea operator Reach Subsea has revealed that it is currently considering the possibility of layups for two of its…
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TGS to cut 16% of workforce
Norwegian seismic specialist TGS-NOPEC Geophysical Company (TGS) has announced the implementation of a global cost reduction and efficiency plan which…
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DSME suing Songa Offshore for $179m
Daewoo Shipbuilding and Marine Engineering (DSME) has filed a claim submission for $179m against Songa Offshore, regarding the construction contract…
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Triyards diversifies further with escort tug contract
Singapore’s Triyards Holdings has further expanded its offerings in what is a difficult market for its traditional liftboat market, winning…
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Det Norske buys Premier Oil Norge
Det norske oljeselskap has paid $120m in cash for Premier Oil Norge (PONAS), the Norwegian subsidiary of UK-based Premier Oil…
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China and Russia look to collaborate on Arctic offshore projects
Russia’s energy giant Rosneft is in talks with Chinese companies to allow them to take part in its offshore Arctic…
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Union seeks talks with Petrobras CEO as strike continues
Brazil’s main oil workers federation of unions, the FUP, is seeking to meet with the CEO of the state-run oil…
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Exploration licences granted for Newfoundland and Nova Scotia waters
Norway’s Statoil, Britain’s BP and BG, and the US’ Chevron and ExxonMobil were all winners when offshore Canada oil exploration…
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Magseis wins survey work and signs Shell JV
Seismic specialist Magseis has been awarded a new survey for seabed seismic acquisition outside the North Sea utilising survey vessel…
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Nordic American Tankers increases shareholding in NAO
Nordic American Tankers (NAT) is to increase its stake in Nordic American Offshore by 6.7% through the acquisition of 1,521,300…
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Höegh LNG faces investor wrath over incorrect financial statements
News yesterday that Höegh LNG Partners has decided to restate its financial results for the whole of 2013, 2014 and…
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Peru slashes royalties on oil and gas production to boost exploration
Peru is slashing royalties on oil and gas production to incentivize exploration and development of potential fields including several offshore,…
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Rolls-Royce slashes offshore marine forecasts, prepares further cost cuts
An interim report from Rolls-Royce shows how dire the offshore marine sector is likely to be going forward. The company…
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