Wärtsilä is acquiring L-3 Marine Systems International (L-3 MSI) from L-3 Communications Holdings in a US$353 million deal. L-3 MSI is a business sector within L-3's Electronic Systems business segment primarily focused on the commercial ship industry…
Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June…
For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation…
Det norske oljeselskap has begun deployment of AVEVA’s Progressive Handover Solution to manage life cycle information for its Ivar Aasen field project in the North Sea. The AVEVA solution allows Det norske to benefit from improved information…
Lloyd’s Register Energy has launched a new risk-based Technology Qualification Guidance Note that aims to minimize risks and uncertainty of novel designs, concepts or applications not covered by existing rules, industry codes or best practice…
While high development costs are deeming many Australian liquefied natural gas (LNG) projects economically unfeasible, the country should stay focused on these rather than gambling on floating liquefied natural gas (FLNG) technology too soon…
Production of crude oil and natural gas began for Chevron Corp.’s Jack/St. Malo project in the deepwater US Gulf of Mexico (GoM). The Jack/St Malo semisubmersible floating production unit. From Chevron…
Ennsub has been awarded a £2 million (US$3.1 million) contract by Benthic to build a portable launch and recovery system for its latest addition to its seabed drilling and geotechnical drill fleet. The launch and recovery system (LARS4)…
Statoil, on behalf of Wintershall, signed a contract with Nexans for the supply of direct electrical heating (DEH) technology. The DEH riser will connect the Kristin and Maria fields in the Norwegian Sea with the Kristin platform, ensuring the constant flow through pipelines…
Deepwater is a big play for Chevron – one which comes with challenges that the super major is working hard to overcome. Transocean’s drillship Discoverer Deep Seas, which drilled at Chevron’s Tahiti prospect…
OE spoke with experts from Halliburton, Hess and Weatherford to answer the question: “What have been the top achievements in drilling technology in the last five years?” Hess Corp. List provided by Dr…
Aker Solutions, FMC Technologies, and GE Oil & Gas set out where they see the future of subsea technologies going. Aker Solutions A vision for the future: advanced subsea production systems. Photo from Aker Solutions…
We asked production optimization specialists their views on the latest trends in the area. Skills comes high up the list. Elaine Maslin sets out the results of our survey. Topside activities are currently the biggest challenge to production optimization in the North Sea…
A megaproject is one that costs more than US$5 billion to develop. They stretch a company’s capabilities to their limits, especially in the harsh climates like the Arctic or in ultra-deep water. In 2000, oil companies took on seven megaprojects…
Bourbon’s Rodolphe Bouchet explains how the company’s new Explorer 500 series shows its commitment to standardization, which offers time and cost savings. The PSV Bourbon Explorer 504 at sea. Photos from Bourbon…