Primeline Energy Holdings has secured extension of exploration period for Block 33/07 in the East China Sea. In an announcement on Tuesday, Primeline said it had signed an amendment agreement relating to the Petroleum Contract with China National Offshore Oil…

Thai oil and gas company PTT Exploration & Production International (PTTEPI) has issued a Letter of Intent aiming to hire the tender barge rig, EDrill-2, from Energy Drilling. The contract will be for a firm term of 18 months with…

Maersk Drilling’s semi-submersible drilling rig ‘Maersk Deliverer’ has completed its five-yearly special periodic survey (SPS) yard stay ahead of time. According to Maersk, the yard stay had more than 210 job packages and 584 work orders that needed to be…

Norway’s Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of offshore facilities, as well as hook up and commissioning, and…

North Energy ASA has signed a sale and purchase agreement with Pure E&P Norway AS, whereby North Energy sells its 10 per cent interest in production licence (PL) 708 to Pure. According to North Energy, this transaction forms part of…

Oil extended gains on Friday and was set for its biggest weekly rise in over six years, after U.S. Federal Reserve minutes suggested there was no hurry to raise interest rates and an influential forecaster predicted a price rally. Brent,…

Italy’s Saipem has been boosted by more than 600 million euros worth of offshore engineering and construction contracts, awarded by Saudi Aramco and Eni, respectively. Converted to U.S. dollars, the contracts are worth $680 million. The company said that an…

Lundin Norway AS has received consent from the Petroleum Safety Authority Norway (PSA) for exploration drilling in the Barents Sea using the Transocean Arctic drilling rig. Lundin Norway AS is the operator for production licence 708 and has received consent…

McDermott International, Inc. on Thursday announced it has been awarded a sizeable brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation (EPCI) of four wellhead jackets. According to McDermott , installation of two jackets in the Bul-Hanine…

On behalf of the Johan Sverdrup licence, Statoil on Thursday awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A. The contract awarded to Kvaerner Verdal has a value of approximately NOK 1 billion ($121.7 million)…