McDermott International reported an increase in profits in 2Q, at US$11.5 million, up from a net loss of $7.4 million in the same period last year on revenues of $1.05 billion (up $570 million). McDermott says revenues for 2Q were positively…
Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement International for field development in Mexico’s Gulf of Mexico waters. The agreement, valued at up to US$28 million, encompasses deepwater and complex shallow water concept and basic engineering…
Schlumberger has expanded its Gulf of Mexico multiclient wide-azimuth seismic data portfolio by launching a new survey in the Campeche Basin. The acquisition of the industry’s first multiclient wide-azimuth survey offshore Mexico will cover 80…
Houston-based Oceaneering International is diving further into the subsea sector with the acquisition of a minority interest in the UK’s Viper Subsea Technology. Image from Oceaneering. The deal…
Okeanus Science and Technology has announced the acquisition of a suite of deepwater lights, lasers and high-definition cameras to its portfolio of rental equipment. Capturing subsea applications requires powerful underwater lights, video and still cameras…
FMC Technologies recently delivered four subsea wellheads in Nigeria for Total’s Egina project – the first to be entirely fabricated in country. The wellheads were fabricated for FMC Technologies by Oiltools Africa Limited (OAL), a Nigerian company…
In Houston, UTEC Survey promoted Cory Goodyear to the position of general manager after eight years with the company. Goodyear has 18 years’ offshore-related experience having started as a field surveyor before becoming a project manager…
BP has started a US$1 billion in its Eastern Trough Area Project (ETAP) in the North Sea as part of a platform renewal life extension project. The investment will see the facilities (pictured), which produce oil and gas from nine different reservoirs…
Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…
Ceona, a SURF contractor with heavy subsea construction capabilities, has expanded its West African reach after entering into a strategic partnership with Interoil Angola. The partnership will see Interoil Angola, which is a key player in offshore support vessel management in West Africa…
Big data is not just for the seismic segment. Elaine Maslin takes a look at other areas, such as condition monitoring, where the industry could make significant gains. A view of the server room at BP’s Center for High-Performance Computing…
In advance of 2015 Deepwater Intervention Forum held in Galveston, Texas, OE’s Managing Editor Audrey Leon discusses the intervention market in the wake of the downturn, and speaks with several forum board members ahead of the show on 11-13 August…
With just weeks to go before SPE Offshore Europe brings the oil industry to Aberdeen, Neil Golding takes a look at activity on the UK Continental Shelf – and what needs to change. The oil price is being blamed largely for the slowdown…
Standardization has been high on the agenda at the Underwater Technology Conference (UTC) in Bergen for the past two years. This year, the focus was “innovating for the next wave.” Elaine Maslin reports on innovations discussed and on show…
Shell’s second waterflood monitor survey offshore Brazil shows technical success. Jeannie Stell reports. SBM Offshore’s Espirito Santo FPSO can produce up to 100,000 bo/d and inject up to 75,000 b/d of water…