Heriot-Watt University in Edinburgh, Scotland, is setting up a new center for energy economics research and policy with funding of US$1.9 million over three years from BP. The center will be involved primarily in providing the detailed…
'Through-cycle' UK-based oilfield engineering and services firm Wood Group has weathered the oil price down-turn with an increase in revenues and profits in 2014. But, the firm said it would continue to take action to increase efficiencies…
Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil and gas industry in Africa released by PwC today (17 February)…
Westcon Yards won a contract to conduct a special periodic survey (SPS) and inspection on the Transocean Leader semisubmersible. The Transocean Leader. From Transocean. The company said the original plan was for the rig to arrive in March…
GE Oil & Gas invested more than US$20.7 million across its subsea manufacturing facilities in Montrose, Scotland, enhancing the business’s test and assembly (T&A) and manufacturing capabilities in direct response to customer need. GE…
AGR has secured a contract with LUKOIL Overseas to optimize the Russian firm's drilling performance. The contract covers LUKOIL’s drilling operations in several territories internationally, including Middle East, Black Sea, Africa and Central Asia…
North-east England subsea vehicle specialists Specialist Machine Developments (SMD) is to be taken over by a Chinese corporation. Zhuzhou CSR Times Electric Co., which specializes in mass transit electric drive converter and control systems…
The US Department of the Interior and the Bureau of Ocean Energy Management (BOEM) will offer 41.2 million acres for oil and gas exploration and development in the Gulf of Mexico under lease sale 235, which will be held on 18 March 2015 in New Orleans…
Construction on Seanic Ocean Systems’ new, state-of-the-art facility will soon be underway in west Houston. The company’s relocation and expansion will provide extensive space for manufacturing of subsea hardware and tooling, equipment storage and client collaboration…
Aqualis ASA and Tristein AS have merged into Aqualis Offshore AS. Aqualis ASA acquired Norwegian company Tristein AS in April 2014. Tristein has since operated as a stand-alone entity as part of the Aqualis Group. Now the company is…
Teledyne Technologies has acquired Aberdeen-based Bowtech Products through its UK-based subsidiary. Bowtech designs and manufactures harsh underwater environment vision systems. Founded in 1989, Bowtech is a leading supplier of rugged…
Statoil's newly appointed CEO and president Eldar Sætre says Statoil is 'well prepared' to tackle the large uncertainty facing the oil and gas industry, amid five-year low oil prices. Sætre (pictured), who has been acting CEO and president of Statoil since October…
CNOOC began production at its 100% owned and operated Jinzhou 9-3, offshore China. Image from CNOOC. The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai in 6.5-10…
Inpex Norge awarded First Geo a contract to provide exploration services on the Norwegian continental shelf (NCS). A geomodel. From First Geo. Under the contract, First Geo will provide…
Oceaneering International agreed to acquire C & C Technologies, Inc. (C&C), a provider of survey services, for approximately US$230 million in cash. Headquartered in Lafayette, Louisiana, C&C Technologies offers ocean-bottom mapping services…
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