Det norske oljeselskap has entered into an agreement with Centrica Resources Norge to acquire the company’s three licences in the North Sea, offshore Norway. The licences include the Frigg Gamma Delta and Rind discoveries in the North Sea. The portfolio…

The US West Coast ports have experienced an increase in container volumes during the first three months of 2016, as the ports of Los Angeles and Long Beach saw their busiest quarters in years. The port of Los Angeles handled…

Tullow has awarded a three years long contract to DeepOcean in Ghana, for the provision of a light construction vessel (LCV). DeepOcean Ghana has mobilized the DP2 ROV/construction vessel Dina Star with two DeepOcean Ghana owned 220HP Constructor ROV systems.…

LONDON (Reuters) – Oil rose above $43 (30 pounds) a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by…

DOF ASA, a Norwegian supply shipping company, has been awarded contracts for two vessels in the North Sea. DOF’s subsidiary, DOF Rederi, signed the agreement with Nexan Petroleum UK for the platform supply vessel Skandi Marstein. According to the shipping…

Offshore drilling contractor Odfjell Drilling has secured new employment for the ultra deepwater drillship, Deepsea Metro I, through the signing of a conditional letter of award (LoA) with Petronas in Malaysia. According to Odfjell Drilling, the contract is for one…

Qatar Liquefied Gas Company Limited 2 (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have executed an agreement to supply half a million tonnes of Liquefied Natural Gas (LNG) to Kuwait over the next four years, starting from March 2016. The…

Hercules Offshore has received a notice from Saudi Aramco extending the contract for one of its jack-up drilling rigs operating in Saudi Arabia. According to the drilling contractor, the contract for the jack-up Hercules 266 was extended until June 30,…

Gothenburg-headquartered ferry company Stena Line has ordered four new RoPax ferries with planned delivery during 2019 and 2020, with an option for another four vessels, from AVIC Shipyard in China. According to the company, the four initial vessels would be…

Oil and gas services company Wood Group has acquired SVT Engineering Consultants (SVT), an engineering consultancy with capability in acoustics, vibration, corrosion and pressure, based in Australia. Wood Group explained on Tuesday that this acquisition marked a step for Wood…