Offshore news

Vryhof Business Deep Sea Mooring (DSM) to provide mooring equipment and design sevices; quality of personnel a key factor in Maersk drilling decision.

Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.

Over US$151.5 billion in capital expenditure will be spent over the lifetime of the top ten offshore oil projects to produce 14.3 billion barrels of crude, according to GlobalData, a leading data and analytics company.

Borr Drilling announced its intention to acquire Paragon Offshore after inking a binding tender agreement to purchase all outstanding shares for US$232.5 million.

SK Innovation announced on 21 February 2018 that it made oil discovery in the PRMB block 17/03 in the South China Sea.

Production start-up for the F1 well on South Marsh Island Block 71 in the Gulf of Mexico is expected to begin in March 2018.

2000 t process module to be installed on Leviathan Field to recover MEG used for hydrate inhibition.

Schlumberger and Subsea 7 S.A have announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.

Dragados Offshore, S.A. has announced the award by Mærsk Oil and Gas of the contract for the Tyra East G & Tyra East H Jackets for the Tyra Future Development Project, both to be installed in the Danish sector of the North Sea.

MX Oil has raised £500 000 before expenses via a placing (the Placing) of 100 million new ordinary shares at a price of 0.5 pence per share (the Placing Shares). The funds raised will enable further development of the Aje project.