Cathelco’s agent in New Orleans, Green Marine and Industrial Equipment Co., has won an order to supply a ballast water treatment (BWT) system for a new offshore vessel built by Eastern Shipbuilding Group, for Harvey Gulf International Marine…
Qatar Petroleum has reached an agreement with Chevron Morocco Exploration, a subsidiary of Chevron Corp., to acquire a 30% participating interest from Chevron’s 75% share in three deepwater offshore leases in the Kingdom of Morocco: Cap Rhir Deep…
Non-destructive testing (NDT) company Sonomatic is investing US$5.7 million (£4 million) in building a brand new multi-disciplined facility that will allow the company to cover the entire range of NDT inspections in Aberdeen. Rendering…
Diamond Offshore Drilling and GE Oil & Gas entered into the offshore drilling industry's first-of-its-kind contractual service agreement (CSA) that transfers full accountability for blowout preventer (BOP) performance to GE Oil & Gas. In this Pressure Control by the Hour model…
Wood Mackenzie's latest global oil production analysis* indicates that 3.4 MMbbl/d of oil production is cash negative at a Brent oil price of US$35. Since the dramatic drop in prices from late 2014, there have been few halts in production – with around 100…
Prosafe has taken delivery of the Safe Notos on 4 February 2016 as part of its fleet renewal strategy. Safe Notos is a semisubmersible accommodation vessel. The vessel is of Gusto MSC’s Ocean 500 design and will be equipped with 500 beds…
At Subsea Expo, Subsea UK has announced that it will sponsor an initiative which inspires budding subsea engineers for a second year. The body which represents the US$13.1 billion (£9 billion) subsea industry has now committed over $29…
To collaborate on the localization of main equipment and materials for offshore plants, Hyundai Heavy Industries (HHI) has signed a memorandum of understanding with Doosan Heavy Industries and Construction (DHIC) and Center for Creative Economy and Innovation (CCEI) in Ulsan and Gyeongnam…
Panoro Energy announced that the final works on the floating production, storage and offloading (FPSO) vessel, for the Aje field operations, have been completed. The vessel has left Singapore and is expected to arrive in Nigeria mid-March 2016…
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by Gas Entec to provide an engineering study of a new-build LNG barge that will operate in the US offshore. Aqualis Offshore’s work scope is to provide a…
MacGregor, part of Cargotec, has developed a fiber-rope crane. The crane features a fiber-rope lifting system and is designed to eliminate the heating and degradation problems associated with on-load fiber ropes stored on winch drums. Also…
Red Marine, based in Hexham, has completed a qualification testing program on a new vent valve for FMC Technologies. The program to validated the performance of the vent valve against industry standards including ISO 10423 (API 6A). Used during workover operations…
Danish energy group DONG Energy has made a final investment decision (FID) to build the giant Hornsea Project One offshore wind farm. Once built, Hornsea will be the world's first offshore wind farm with more than 1000 MW capacity. Located 120km off the Yorkshire coast…
BP has reported a 91% drop in Q4 2015 earnings, revealing the impact of the lowest oil prices in more than a decade on the business, and says oil prices look set to 'continue to be challenging in the near term.' The firm's full year underlying profit was a loss of $5…
CNOOC says the Weizhou 12-2 oilfield joint development project (Weizhou 12-2) and Weizhou 11-4 North oilfield Phase II project (Weizhou 11-4 North) have recently started production. The Weizhou 12-2 project is in the Beibu Gulf basin…