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Even as Pentagon officials have sought to emphasize their claims of ISIS being “on the run,” ever more US ground troops are being deployed into Iraq to try to cope with ISIS offensives, with the battle of Makhmur leading to the introduction of US Marines in front-line combat roles. Officials are trying to downplay the
Drilling contractor Songa Offshore is pressing on with its defence in an arbitration case with South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME). According to Songa Offshore’s statement on Monday, the drilling contractor submitted its defence in the arbitrations initiated by DSME in 2015, regarding the first two Cat D rigs DSME built for
After years of delays, Eni, an Italian oil company, has started production from the Goliat field in the Barents Sea. After years of delays, Eni, an Italian oil company, has started production from the Goliat field in the Barents Sea. The field, dubbed the world’s northernmost offshore development, was originally planned for first oil in
African Petroleum, an independent oil and gas exploration company, has announced that the new Production Sharing Contract (PSC) with Ophir Energy covering the company’s CI-513 licence area in Côte d’Ivoire or Ivory Coast is now effective. African Petroleum and Ophir entered the PSC for the Ivory Coast block in December 2015. Having been signed by
Aker Solutions was recognised as the best subsea company of the year at the Subsea UK awards last night and David Bloom of Subsea 7 was honoured for his outstanding contribution to the subsea industry. Award winners The awards, which seek to celebrate the achievements of companies and individuals in the £9billion subsea industry across
Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year’s lows on an improving global outlook and stronger sentiment for a market recovery. Front-month Brent crude futures LCOc1 traded as high as $39.50, the highest since early December, and were trading at
Vantage Drilling, an offshore drilling contractor with a fleet of three ultra-deepwater drillships, has signed an agreement for a two-year extension of the Tungsten Explorer contract. According to Vantage, the contract is now anticipated to keep the Tungsten Explorer working until October 2018. However, the drilling contractor did not provide any financial details of the
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Ashtead Technology has developed an advanced suite of integrated subsea monitoring and data systems to support critical aspects of construction and integrity management. Subsea systems Using a building-block philosophy, Ashtead has designed a flexible core system that provides multi-channel communications and data management capabilities. This common data systems application framework delivers precise monitoring of subsea