Dragados pens jacket package deal
Spain's Dragados Offshore announced on February 22 a contract award from Maersk Oil for jacket package worth $100m for the Tyra Redevelopment project, located offshore in the Danish sector of the North Sea. The package covers engineering, pr...
Subsea 7 awarded contract offshore norway
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced on February 27 the award of a sizeable contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North...
Keppel nets Awilco rig deal
Keppel Corporation Limited (“KCL” and the “Company”) announced that Keppel Offshore & Marine Ltd has, through its wholly-owned subsidiary, Keppel FELS Limited (“Keppel”), signed a letter of intent with Awilco Drilling PLC (“Awil...
Seadrill announces global settlement
On February 26, 2018, Seadrill Limited ("Seadrill" or the "Company") succeeded in reaching a global settlement with an ad hoc group of bondholders, the official committee of unsecured creditors, and other major creditors in its chapter 11 cases.&...
How offshore wind could look by 2050
An explosion of innovation in the UK will see an army of autonomous robots service giant offshore wind turbines with tens of rotors, while parachute-shaped kites will transform how we think about wind turbines. And offshore wind could become...
GE-Noble Link up the world’s first digital rig
Following the partnership formed by GE (NYSE: GE) and Noble Corporation plc (NYSE: NE), the two companies launched the world’s first digital drilling vessel, targeted to achieve 20 percent operational expenditure reduction across the targeted e...
Schlumberger and Subsea 7 announces joint venture
Schlumberger (NYSE:SLB) and Subsea 7 S.A. (Oslo Børs:SUBC, ADR:SUBCY), announced on February 23 that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was estab...
Borr Drilling acquired Paragon Offshore
Borr Drilling Limited (“Borr” or the “Company”) announced on February 21 a binding tender agreement to offer to purchase all outstanding shares in Paragon Offshore Limited (“Paragon”). Total acquisition price for all outstanding share...
SHI delivers North Sea platform
Samsung Heavy Industries (SHI) announced on February 25 that it successfully have delivered an offshore platform for operations in the North Sea. On the day, one of two topsides of Johan Sverdrup platform for which SHI was ordered by Statoil a...
Fluor Starts FEED for Thailand FSRU
Fluor announced on February 21 that it has started the front-end engineering and design work for Electricity Generating Authority of Thailand’s (EGAT) planned floating storage regasification unit (FSRU) and associated facilities in the upper Gu...
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