Shell’s Executive Vice President, Arctic, Ann Pickard discussed the supermajor’s investment and current challenges facing its Arctic exploration program at this year’s Offshore Technology Conference (OTC) in Houston on 5 May 2015. In the summer of 2015…
Global Marine Systems acquired the Q1000 Jet Trencher, a jet trenching remotely operated vehicle (ROV). The new submersible compliments the existing burial equipment portfolio and is designed for pre and post-lay trenching as well…
Sky-Futures, a provider of drone inspection services for the oil and gas industry, has raised US$3.9 million (£2.5 million) from venture capital fund, MMC Ventures, the largest investment into drone technology in Europe. The Series…
A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multiCompletionSystem (mCS) can provide up to 80% time and cost savings on subsea tree installations compared to traditional solutions…
Asia Pacific focused AziPac acquired 50% interest in the North Madura production sharing contract (PSC) located offshore Java Sea, Indonesia. AziPac, through its subsidiary Azipac North Madura, acquired 25% interest from Mitra Energy…
Delta SubSea entered into an agreement with Olympic Shipping for the Olympic Delta, a newly built multipurpose subsea support and construction vessel. Image of the Olympic Delta. From Delta SubSea…
GE Oil & Gas and Enpro Subsea entered in an agreement to jointly market and provide fluid intervention services that offer oil and gas operators a cost-effective way to improve production rates in producing wells. The companies have signed…
Saudi Aramco has awarded Australia's WorleyParsons a contract to provide project management services for its offshore program. WorleyParsons has been managing the Offshore PMC contract for Saudi Aramco for the last 12 years, which has employed in excess of 400 people in recent years…
Subsea 7 has been award of a US$300 million pipeline and subsea contract for the Wintershall Norge Maria field development. Maria is located in the Norwegian Sea at 300m water depth. The contract consists of engineering, procurement…
Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…
AGR and SP Offshore Energy Services signed a memorandum of understanding (MoU) under which AGR will provide a range of exploration services and the drilling of an ultra deepwater (UDW) well off the Comoros Islands, between Mozambique and the Comoros…
Bergen Group terminated a deal with Semco Maritime to sell the company’s yard facility just before closing occurred. The deal was announced on 13 April 2015 and the transaction was subject to final closing no later than 30 April 2015…
Downhole Products secured US$19 million in contracts in Malaysia and Angola in a mixture of three and three to five-year projects. The Asia Pacific region remains an important part of the world for the company and, since the creation of regional headquarters in Kuala Lumpur five years ago…
Balmoral Offshore Engineering (BOE) was presented with the UK Queen’s Award for Enterprise. It is the third time the company has won the international trade award, the first success coming in 2010. BOE saw overseas income increase by £20 million in the period 2012-14 with profits doubling…
FMC Technologies and Total signed a frame agreement for technology development on 5 May. The purpose of this agreement is to define the R&D relationship and to create a framework for collaborative and innovative projects. The goals of…
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