Task Geoscience and Fronterra Integrated Geosciences are to merge to become geoscience consultancy – the Task Fronterra Group. Task Fronterra has received a financial injection of growth capital investment from the UK's Business Growth Fund…
UK-based subsea services firm Reef Subsea is to split up into three independent companies after its January buyout by Norwegian private equity outfit Hitecvision. The three new companies will be Reef Subsea, X-Subsea, and Technocean Subsea…
Aker Solutions and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates, and reduce costs for subsea fields. The non-incorporated alliance…
Brazilian port infrastructure firm Prumo has signed a rental agreement with US vessel builder and operator Edison Chouest. Under the agreement, Edison Chouest will build an offshore logistics support base and ship repair yard for its vessels at Açu Port…
A new design for nuclear plants built on floating platforms, modeled after those used in the offshore oil and gas industry, has been created by professors at Massachusetts Institute of Technology (MIT). They say such a design could help avoid the disaster at Fukushima Daiichi nuclear plant…
A slowdown in 2014 drilling will be short-lived, according to Noble Corporation, which posted growing margins thanks to its expanding fleet, with another four units due for delivery by the end of 2014. Noble’s chairman, president and CEO…
The Bureau of Safety and Environmental Enforcement's Alaska region director Mark Fesmire participated in a panel discussion yesterday (April 17) in Washington, D.C. on applying lessons learned for drilling in the Arctic. During the discussion…
Baker Hughes has announced its weekly rig count for the US and Canada. US: The US Rig Count is unchanged from last week at 1831, with oil rigs down 7 to 1510, gas rigs up 6 to 316, and miscellaneous rigs up 1 to 5. US Rig Count increased by 73 rigs from last year to 1758…
Pennsylvania-based TE Connectivity has signed an agreement to acquire SEACON group, provider of underwater connector technology and systems, for US$490million in cash. The SEACON group serves the military marine and sub-sea sectors for remotely operated vehicles (ROV)…
The US Bureau of Ocean Energy Management (BOEM) will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico planning area…
Noble Energy Inc. announced that it will propose the election of the company’s President and COO, David L. Stover as a director at its 22 April 2014 organizational meeting, and that it intends to appoint Stover as CEO in October 2014. This decision follows current Chairman and CEO…
Wood Group has acquired Cape Software, a Texas provider of simulation software and services for operator training and logic validation for SCADA and DCS industrial control systems used by the oil and gas and other process-based industries…
Fairmount Marine announced on 14 April 2014 that its tug Fairmount Sherpa has safely towed the semisubmersible drilling rig Sevan Louisiana from Singapore to Curaçao. During the 11,500mi. voyage via the Cape of Good Hope, stops were made in Port Louis (Mauritius)…
The US Department of Energy (DOE) has granted ConocoPhillips Alaska Natural Gas Corp. (CPANGC) blanket authorization to export liquefied natural gas (LNG) from its facility at Nikiski, about 70 miles southwest of Anchorage, on the Kenai Peninsula…
The Platform Services division of global drilling and engineering company KCA Deutag agreed on a multi-million dollar contract with ExxonMobil Canada Properties for work on the Hebron heavy oil development project. The contract for drilling…