ULSTEINVIK, Norway -- Island Offshore has taken delivery of the subsea construction vessel M/V Island Pride from the Vard Brevik yard on April 23, 2014. M/V Island Pride was christened during a naming ceremony in Brevik in March, and will enter into a five month contract for Maersk Oil upcoming weekend as a walk-to-work vessel.
CALGARY, Alberta -- Following a 20-year career with Nexen, highlighted by overseeing the acquisition of the company by CNOOC, Kevin Reinhart is departing from his role as CEO of Nexen Energy, a wholly-owned subsidiary of CNOOC.
MONACO -- CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80m, 3,300t deadweight vessel CMM Gravity will be deployed in the Brazilian waters from June 2014 on a 4+4 year contract with Petrobras.
LONDON -- Max Petroleum reported the successful drilling results of an appraisal well in the East Kyzylzhar I Field.
ASKER, Norway -- TGS commences new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round.
LONDON -- As a result of a project to map the UK oil and gas supply chain, Oil & Gas UK on April 23 2014 releases two reports. The first report: the economic contribution of the UK upstream oil and gas supply chain shows that the UK supply chain is a $483 bn industry, based on 2012 figures from businesses registered with Companies House.
(Bloomberg) -- The U.S. is stockpiling the most crude since the Great Depression, thanks to the shale boom that has boosted production to the most in 26 years.
MADRID, Spain (Bloomberg) -- Argentine Cabinet Chief Jorge Capitanich said an agreement to pay Repsol $5 bn in compensation for the expropriation of its controlling stake in YPF will open the door for increased energy investment.
PARIS -- Technip reported that it has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec to HAL Offshore, India at a consideration of $1.590 per share (translating to $276 mn for 51% stake and up to 29 mn for 75% stake).
LONDON -- Kentz reported the award of a major five-year cost reimbursable contract by Fluor Kuwait Company, with an estimated value of $125 mn.
HOUSTON -- BP has announced that Team RECon of the University of Michigan has won the firm’s Ultimate Field Trip (UFT) 2014 U.S. competition, designed to identify top students in the fields of science, technology, engineering and mathematics (STEM).
RIO DE JANEIRO -- Petrobras has announced that, on April 15, oil production in fields it operates, in the area known as the Pre-salt Province, in the Santos and Campos basins, reached 428,000 bopd, marking a new daily production record.
OTTAWA, Canada (Bloomberg) -- Canada will require railways shipping crude oil to use stronger tank cars and reduce the speed of trains carrying dangerous goods. The Canadian government will ban the “least crash-resistant” of tanker cars known as DOT-111s from carrying dangerous goods, Transport Minister Lisa Raitt said.
OKLAHOMA CITY, Oklahoma -- Gulfport Energy Corporation has announced that its Board of Directors has concluded its search for a CEO. Michael G. Moore has been promoted to CEO and has joined the company's Board of Directors and J. Ross Kirtley has been promoted to COO. In addition, Michael S. Reddin has been appointed to the company's Board of Directors.
ABU DHABI, UAE (Bloomberg) -- Abu Dhabi’s state oil producer is almost finished reviewing technical aspects of international companies’ bids to develop the biggest onshore crude deposits in the emirate, two people with knowledge of the situation said.
TONBRIDGE, United Kingdom -- Jee Ltd has been awarded a contract in support of a $14,000 million seven-year development. The contract, with a major offshore pipelay and subsea construction company, is as a result of recent oil field operations in Canada.
GURGAON, India (Bloomberg) -- Cairn India Ltd., operator of the nation’s biggest oil field on land, reported a 19% increase in fourth-quarter profit on higher production and predicted output would remain flat this financial year.
MILAN, Italy -- Prysmian Group has been awarded a new contract, worth approximately €30 Million, by Emirates Holding on behalf of ADMA-OPCO (Abu Dhabi Marine Operating Company) for the design and manufacture of submarine cable links for the replacement of power feeding systems to Abu Dhabi’s Zakum offshore oil field.
EPSOM, United Kingdom -- Atkins has been awarded an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea. The Gryphon FPSO, Global Producer III FPSO and Janice FPU are planned for major offshore inspection, repair and maintenance (IRM) works this year, in addition to field expansion works.
CAMBRIDGE, United Kingdom -- ARKeX has recommenced acquiring a multi-client full tensor gravity gradiometry (FTG) survey within the South Eastern Barents Sea. The survey, started last year but postponed due to weather, will cover 42,784 sq km over the proposed NPD licencing areas.