Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an affiliated company of The Bank of Tokyo-Mitsubishi UFJ, for a KFELS Super B Class jackup rig worth about US$240 million. [Read more…] about Keppel FELS to build KFELS Super B jackup rig worth US$240 million

The Q3 2014 Oil & Gas UK Business Sentiment Index published today (October 30) shows that optimism in the sector continues to decline with a drop from two points above zero on the -50 to +50 index to seven points below zero. [Read more…] about UK offshore oil and gas industry pessimistic

Subsea engineering and training firm, Jee Ltd, has announced the expansion of its subsea engineering public courses program to Stavanger, Norway in 2015.

[Read more…] about Jee has announced it will offer its subsea engineering public courses program in Stavanger

Nelson Bunker Hunt, the Texas oilman once considered the world’s richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, died on Tuesday October 21 at the age 88.

[Read more…] about Famed Texas Oilman Nelson Bunker Hunt Dead At 88

On October 23 Chevron Corporation announced a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands. The well is located approximately 180 miles off the Louisiana coast in 3,992 feet of water and was drilled to a depth of 30,173 feet.

[Read more…] about Guadalupe prospect adds to Chevron’s portfolio in prolific Lower Tertiary Trend

To meet the challenges of the dynamic market for CALM Terminals and after sales services, two independent entities fully dedicated to this business have been created, SBM said. Building upon SBM’s terminals technology, the two new companies will operate independently from the rest of SBM Offshore, while functioning as 100% affiliates within the Group.

[Read more…] about SBM Offshore launches two CALM companies