An innovative high-tech wave device currently being built in the U.S. will offer marine-based big data centers the chance to power up while cooling down.The project is a display of Irish marine innovation combined with U.S. engineering prowess…
i-Tech Services, a Subsea 7 company, has strengthened its underwater inspection and maintenance capability with the provision of new mini remotely operated vehicles (ROV) for performing subsea operations in challenging environments.Neil Milne…
Building on maritime and offshore expertise gained through decades of experience serving the ocean industries from Norway, newly formed Global Ocean Technology Group is gathering key marine and energy technologies and services in a company with global ambitions…
Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday…
Dutch offshore services company Fugro NV has appointed longtime employee Mark Heine as its next CEO and Chairman of the Board of Management. He succeeds Øystein Løseth, who has decided to resign after only several months in the role.Heine, who…
Norway's Equinor is interested in buying Chevron's stake in Rosebank, an oil and gas field in the British part of the North Sea, two sources close to the process told Reuters.Chevron on Wednesday said that it had received interest from a potential…
Exxon Mobil Corp will focus on drilling and production in Brazil now that it has made extensive acquisitions of oil blocks in the country, the company's chief executive officer in Brazil, Carla Lacerda, said on Thursday.Exxon also sees new opportunities in Brazil's biofuels…
Lee Clarke at Dynama explains how to weather challenges in the offshore industry by using effective workforce optimization to support a successful bid management process.Since the middle of 2014 the price of a barrel of crude oil dropped from about $115 to less than $30…
Norway's Equinor has entered into time charter contracts with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen) for two newbuild shuttle tankers to transport crude oil from the Roncador oil field in the Campos Basin offshore Brazil.The…
Malaysian oil and gas exploration and production company Hibiscus Petroleum is aiming to double its oil output in the United Kingdom and Malaysia to 20,000 barrels per day (bpd) by 2021, a senior company executive said on Thursday.It needs an…
Engineering consultancy BMT and subsea technology company Sonardyne International Ltd. will together provide advanced integrated marine integrity monitoring solutions to the oil and gas industry under a new agreement announced today at the Rio Oil & Gas exhibition and conference in Brazil…
Austria's OMV started production at Abu Dhabi's SARB and Umm Lulu's offshore oil fields, expecting to produce 25,800 barrels per day by year-end, it said on Thursday.The gas and oil group took a 20 percent interest in the two oilfields off the United Arab Emirates under a $1…
Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December…
Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday…
Fabrication and engineering specialists Francis Brown Limited delivered deck equipment fabrications for a global supplier specializing in subsea remotely operated equipment which is working on offshore wind farms in the North Sea.In less than 16 weeks…