Wrench time has been highlighted as one of the key areas the UK offshore oil and gas industry needs to address to improve production efficiency levels. Average wrench time - the amount of time spent working on a mechanical project, either…
American Electric Technologies, Inc. announced that it has relocated its corporate headquarters to 1250 Wood Branch Park Drive, Suite 600, Houston, TX, 77079. AETI recently reported record 4th quarter revenues and more than 20% revenue growth for 2013…
Dutch seismic interpretation solutions provider dGB Earth Sciences has opened an office in Rio de Janeiro because of the growing market for seismic interpretation solutions in South America. The company's open-source seismic interpretation platform…
Chevron’s leadership set out the oil major’s plans out to 2020 this week, including eying exploration opportunities offshore Greenland, to maintain its reserves hopper. Chevron is planning 20% production growth, from 2.6MMboe/d in 2013…
Ship designer and builder Vard Holdings has agreed a letter of intent with Solstad Offshore for the design and construction of a large offshore subsea construction vessel (OSCV). The contract will be the largest single vessel order in…
Wireless tractor on catwalk prior to picking up to the rig floor at onshore well test site. (BP) The first version of a new autonomous tractor unit for well work, developed by Welltec and BP…
BMT Group subsidiary BMT ARGOSS has formed a joint initiative with the Met Office, the UK’s national weather service, and Oceanweather Inc, to help support oil and gas majors with offshore engineering design and operational planning in the mid-Atlantic region…
The supervisory board of South Stream Transport BV approved the signing of a construction contract for the South Stream Offshore Pipeline on 11 March 2014, a day after European Union Energy Commissioner Guenther Oettinger was quoted by German daily newspaper Die Welt…
Tidal energy developer, Oceanflow Energy, has attracted a £300,000 package of support to further develop and commercialise its second generation tidal energy device, Evopod. The company has developed and patented a technology to generate electricity from tidal streams and ocean currents…
As the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) remembers those lost, work continues to improve offshore helicopter passenger safety This week marks the anniversaries of the crashes of Cougar 491 on 12 March 2009 and a Universal helicopter on 13 March 1985…
The oil and gas industry is experiencing an increasing demand for advanced technology and expertise in the Middle East at a time when the sector as a whole is changing its approach to acquiring, transferring, and protecting its intellectual capital…
Atwood Oceanics, Inc., a global offshore drilling contractor, announced the move of its corporate headquarters to the Energy Crossing II building at 15011 Katy Freeway, Houston, to accommodate the company's recent record growth. The move…
WesternGeco and PGS have been awarded contracts for a joint industry seismic acquisition in the southeastern Barents Sea. The surveys cover blocks proposed for the 23rd concession round by the Norwegian Ministry of Petroleum and Energy (MPE) and will in total cover about 13…
An Arctic petroleum research center has been launched in Tromso, Norway, to increase knowledge about hydrocarbon exploration in the region. The Research Centre for Arctic Petroleum Exploration (ARCEx) is funded by the Norwegian…
Drilling and well services firm Archer has won a contract to provide drilling services to Talisman Sinopec Energy UK Limited. The contract will be the first to use the Archer Emerald modular rig on the UK Continental Shelf. The Archer…