Gulf Marine Services (GMS), a UAE-based provider of self-propelled self-elevating support vessels (SESVs), on Tuesday reported a rise in its 1H 2015 revenue. Namely, GMS’ revenue was $98.2 million, up from $90.7 million a year ago. The company’s net profit…

Lundin Norway AS, operator of production licence 338, is in the process of completing the drilling of appraisal well 16/1-23 S on the Edvard Grieg oil field in the central section of the North Sea. Appraisal well 16/1-23 S is…

Andrew Wright, CEO of UK Colombia Trade, will visit the United Kingdom along with the President of Colombia’s National Hydrocarbons Agency and the President of the Colombian Oil Association the week of 7-11th September 2015 to build bilateral ties and…

Western Australia’s Premier and State Development Minister Colin Barnett has today opened the redeveloped Onslow Airport, saying this important regional infrastructure project would allow the local community to access flights in and out of town. “This $49 million project was…

A French firm has offered to purchase associated gas from an offshore Iranian oilfield in the Persian Gulf to convert it into LNG, Iranian Oil Minister, Bijan Zangeneh has said. The proposition marks the foremost of its kind to Iran…

Gazprom Neft has brought its second well into production at the Prirazlomnoye field, with output totalling 1,800 tonnes per day. The Prirazlomnoye project is the first ever upstream project on the Russian Arctic Shelf, Commercial production started in December 2013.…

The plan for development and operation (PDO) for phase one of the Johan Sverdrup development, in the North Sea offshore Norway, was approved by the Ministry of Petroleum and Energy Thursday, August 20, 2015. The Johan Sverdrup partnership consists of…

Italian oil company Eni is reportedly preparing to start oil production from its Goliat field, in the Barents Sea, in a few weeks after years of delay. The Goliat field, originally scheduled to start in 2013, is the first offshore…

Transocean, one of the world’s largest drilling contractors, has won a pair of contract extensions, one in India and the other one in Norway, but with reduced dayrates. According to Transocean’s latest fleet status report, its ultra-deepwater drillship, the Dhirubhai…

This year’s Western Gulf of Mexico Lease Sale has concluded and could be seen as an indicator of the current state of the offshore industry in North America. The sum of all high bids for this year’s Western Gulf Lease…