McDermott International, Inc. (NYSE:MDR) has announced it plans to construct offshore production solutions in Saudi Arabia. McDermott signed a memorandum of understanding with Saudi Aramco for a long-term land lease at the new maritime facility at Ras Al Khair in Saudi Arabia, currently being developed by Saudi Aramco.

RINA Services has carried out the first independent review and verification of risk management in line with the EU Directive 2013/30/EU in Italy for the multinational oil and gas operator Eni S.p.A. Eni carried out a first application of the Directive on their fixed offshore platform Angela Angelina, located off the Ravenna coast.

Houston (February 9, 2017) – The MTS Houston Section will host its annual Marine/Offshore Industry Outlook Conference on March 30, 2017 in Houston in conjunction with NOIA (The National Ocean Industries Association). Now in its 40th year, this highly acclaimed half-day conference provides industry professionals with insights and forecasts for the following three years.

All available areas in federal waters will be offered in first region-wide sale under new Five Year

Wood Group has won two separate contracts related to BP’s Mad Dog 2 project providing engineering services to further develop deepwater production.

Ashtead Technology has expanded its equipment rental pool following a significant investment in the latest Pulsed Eddy Current (PEC) technology to deliver faster, more accurate asset integrity inspections.

Ashtead Technology has strengthened its senior management team with the appointment of a business development director.

An international consortium operated by Chevron Corporation’s (NYSE:CVX) subsidiary, Chevron Energía de Mexico, S de R.L. de C.V., has signed an exploration contract with Mexico’s National Hydrocarbons Commission (CNH), representing the Mexican government, for Block 3 in the deepwater Gulf of Mexico.

The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible drilling rigs operating in the North Sea.

Aleron Ltd has boosted its international credentials, with the announcement of two contract wins in the North Africa region for its group companies, Aleron Subsea Ltd and ROVQUIP Ltd.

Bibby Offshore, a leading subsea services provider to the oil and gas industry, announces the promotion of Allan Nairn to Director of Diving.

Wood Group recently completed the seven-month front-end engineering design (FEED) for Noble Energy’s Leviathan Field Development Project in the Eastern Mediterranean Sea and has started the detailed engineering for the platform – including the topsides and jacket. The FEED and detail design has a total contract value of approximately $95 million.

Energy services company Proserv has been awarded a multi-million dollar contract with Premier Oil for work in Asia Pacific.

Measures announced in the UK Budget will review the potential transfer of ownership of UK fields along with the ability to transfer the benefit of past taxes paid on production to be used for relief in future field decommissioning by the new owners.

Bruising U.S. Crude Stock Build, Sharp Light Product Draw

Following two years of successful operations, iSURVEY Pte Ltd, Singapore, has again been awarded a marine construction survey support contract with Solstad Offshore Asia Pacific for works onboard the DLB ‘Norce Endeavour’.