Energy production technology services company Proserv has bought KRG Industries Ltd from majority shareholder Torishima Pump Mfg. Co. Ltd, (Torishima) in Japan. KRG provides precision engineering services to the oil and gas and aerospace and defense industries…
Sevan Marine ASA has acquired the technology rights of TORP LNG AS and its affiliates. This acquisition gives Sevan Marine ownership of the proprietary HiLoad technology for offshore loading of LNG. The HiLoad technology was originally developed…
The Arctic Technology Conference has put a spotlight on the latest innovations in the Arctic E&P industry. A panel of qualified E&P professionals reviewed entries from exhibitors at the show and selected recipients based on these criteria: New…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
Marine energy technology has been in development for decades and, in the past 10 years, interest and investment in marine and tidal technologies have increased. However, marine energy still lags 15-20 years behind offshore wind, says Kevan Stokes…
Augmented reality is a new communication tool that brings the print and digital worlds closer together. Scanning a page with a smart phone or smart device reveals additional “hidden” content. Interactive print campaigns are slowly spreading into the oil & gas industry…
Rolls-Royce has signed a contract with the shipyard group Vard for its latest DP3 dynamic positioning system to be installed on two new offshore construction vessels. Dynamic positioning (DP) control systems allow vessels to be held in exact position…
Fundy Tidal Inc.'s turbine project in the Bay of Fundy, off Nova Scotia. www.fundytidal.com
RFID is nothing new, but companies are adopting the technology in hopes of streamlining the way they do business offshore. By Audrey Leon Offshore logistical operations can be complicated. Companies need to keep tabs on all equipment…
The group will conduct monitoring studies on potential Arctic nearshore impacts in Beaufort Sea development area.Olgoonik/Fairweather LLC, in conjunction with a team of scientists from the University of Alaska Fairbanks, the University of Texas at Austin…
Norwegian technology development firm Badger Explorer ASA has been awarded a NOK13.2 million funding to develop high pressure high pressure technology in its drilling units. Stavanger-based Badger is development rigless drilling technology…
New year, new focus. OE asked, “What are the main technology trends for your sector this year?” In 2014, we expect to see an emphasis on automation and control systems to enhance rig efficiency and safety. Multi…
Harris CapRock Communications has signed a multi-year contract with Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) to provide an integrated telecommunications solution supporting the Mafumeira Sul project offshore Angola. Harris CapRock will provide equipment and design…
Colloquy: Editor’s Column A lot of time and money can be wasted waiting on weather. Down time is expensive. Wave height and period determine vessel motion and when they exceed operating limits, work slows or stops. Working in rough weather can lead to injuries and damage equipment…
Italy's Eni has signed a string of agreements with Russian operators and a research institution, building its ties with the country. The first is a memorandum of understanding (MOU) between Eni and Novatek, which sees the two firms agreeing…
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