Rig Manager who Stole $3.5M from Maersk Drilling Jailed for 4 years Maersk Drilling, a Danish offshore drilling contractor, has won the case against its former employee of Russian origin. Namely, the employee, named Vladimir Volkov, according to Danish media, has been sentenced to four years in prison for defrauding the company. The 30-year-old, living…
Total To Sell $5.5 Billion in Assets in 2015, as reported by Tech news team that the French oil and gas major Total concludes £585m deal to sell North Sea oil and gas assets itself of £585m of its North Sea assets to North Sea Midstream Partners. When the price of a commodity falls, there are two ways…
Singapore’s Keppel Offshore & Marine (Keppel O&M) will acquire Cameron’s offshore rigs business, which comprises the LETOURNEAU TM jack-up rig designs, rig kit business, and aftermarket services for $100 million. The designs Keppel is acquiring, which include theLETOURNEAU™ Super 116E, WORKHORSE, Super Gorilla XL and Jaguar, will add to Keppel’s offerings in the jack-up rig market,…
Eni makes largest gas field discovery in the mediterranean. Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery well Zohr 1X NFW is located in the economic waters of Egypt’s Offshore Mediterranean, in 4,757 feet of water depth (1,450 metres), in theShorouk Block,…