Oil and gas services company Rheochem plc is to change name and focus on exploration and production after selling its drilling fluids business for up to A$45m (about 28m) to the Australian subsidiary of NYSE-listred Newpark Resources, Inc.
A request for assistance from a Japanese-owned merchant vessel in the Somali Basin led to Combined Maritime Forces (CMF) warship USS Bulkeley (DDG 84) securing the release of the vessel and its 24 crew members from four suspected pirates, Mar. 6.
Trinidad's liquefied natural gas producer Atlantic LNG said Friday one of its production units will be down for scheduled maintenance in mid-March, and expected back up by the end of the month.
Production at Iraq’s supergiant Rumaila oilfield, developed by BP and China’s CNPC, has fallen from peaks in December and early January, official figures showed, in what could be a sign of challenges ahead.
U.S. investigators said Friday that problems with engineering documents on a BP PLC production platform in the Gulf of Mexico didn’t pose a safety risk and said the company won’t face civil penalties.
Noble Corporation (NYSE: NE) reports that a subsidiary has exercised its first option with Hyundai Heavy Industries Co. Ltd. ("HHI") for the construction of an additional ultra-deepwater drillship, the third such drillship to be ordered this year subject to the parties executing a definitive construction contract which is expected to occur within the next week.
Greatship Global Energy Services Pte. Ltd a Singapore incorporated subsidiary of Greatship (India) Limited which is a subsidiary of The Great Eastern Shipping Company Limited took delivery of 2009 built 350 feet jack up drilling rig, GREATDRILL CFIETNA, on March 2nd 2011.
Federal officials will study how a "very large oil spill" would affect the ocean off Alaska's northwest coast as part of a court-ordered environmental review for a 2008 offshore petroleum lease sale that garnered billions of dollars for federal coffers.
London's marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa's third-largest oil producer, a senior market official said on Friday.
Based on educated guesses for categorised groups of ships, we expect a large share of international shipping fleets to implement LNG propulsion. First and foremost for newbuild ships.
State oil company Nigerian National Petroleum Corporation said Thursday it is interested in partnering with Addax Petroleum and Maersk Oil in a bid to grow the crude oil output of its upstream subsidiary to 250,000 b/d by 2015.
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has entered into a Letter of Award for the provision of the semi-submersible Borgsten Dolphin with an undisclosed client for a four well drilling programme with an approximately six month duration and commencement early April 2011. The contract includes one option well with an expected duration of 45 days. The estimated contract value for the firm period is approximately $43.5 million.
The last half year has been a turbulent one for the minister, who suffered heavy criticism for his handling of Mongstad’s carbon capture and storage project, and decision to build the controversial Hardanger power pylons.
As there are a number of newbuilding talks on progress for LNG carriers worldwide, it is highly expected to see increasing new LNG ship orders in a fast pace.
Korean shipbuilders beat Chinese counterparts by a wide margin in February in terms of monthly new orders, occupying the world's first position. 
Madagascar's government has suspended tenders for 225 offshore oil blocks until further notice, the country's mines and hydrocarbons minister said.
Gulmar Offshore took delivery on 3rd March 2011 of the ‘Gulmar Atlantis’- the first of its two new-build vessels from the Hanjin shipyard in Busan, South Korea. These latest generation Diving/ROV Support Vessels each have an 18-man, 300m-rated diving system with twin diving bells and twin 18-man self-propelled hyperbaric lifeboats.
Oil and gas workers in Australia, where a boom in gas export projects is under way, are the highest paid in the world, according to a survey of the industry released this week.
FoundOcean has been awarded the offshore grouting contract by SBM Offshore for the MOPUstor Phase 2 installation in the Yme Oil Field, North Sea. Grouting equipment has been mobilised and set up on the work vessel, and a suitable work window is awaited prior to mobilisation of the 12-man crew.
After it listed into the Arabian Sea following a collision with another merchant ship Khalijia, Chitra is breathing again. Salvagers worked for six months to get it up and running. Now, Chitra is ready for its final voyage: to the scarpyard at Alang.
NYK Line will augment CMA CGM's Europe Pakistan India Consortium Service (EPIC) between Europe and northwest India, Pakistan and the Middle East starting in April.
The Danish controlled vessel Brattingsborg was yesterday attacked by pirates in the Indian Ocean, but managed to escape as the pirates was met by counter fire from armed guards hired by Dannebrog Rederi A/S.
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