Engineering firm Plexus has agreed a collaboration deal with China Oilfield Services Ltd. (COSL), Red Sea Technologies (RST) and Plexus' Chinese licensing partner Yantai Jereh Oilfield Services Group, to explore for shallow water subsea and crossover wellhead production systems in China…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation of bids to ensure that the public receives fair market value for tracts leased as part of the Gulf of Mexico Central Planning Area Oil and Gas Lease Sale 235.…
Red Marine developed and delivered the modular umbilical clamp system, made up of six purely mechanical elements to FMC Technologies. Image of the modular umbilical clamp system. From Red Marine…
Danish entrepreneurs are taking on the rig tool market. Emma Gordon explains. Rigtool’s bottomhole assembly wash tool. Images from Rigtools. When Rigtools was set up five years ago…
InterMoor’s Dusan Curic discusses the decommissioning of Anadarko Petroleum’s Red Hawk spar in the US Gulf of Mexico, a job that involved several industry firsts. With holes cut into the hull, Red Hawk spar is being tipped underwater…
Wintershall Norge has made a small oil discovery on the Imsa prospect in wildcat well 6406/2-8 in production license 589 in the Norwegian Sea, 190km northwest of Kristiansund. Image from Wintershall…
This year’s OTC Spotlight Awards showcases innovation in offshore seismic, drilling, subsea operations, inspection, performance maintenance and monitoring, and more. Congratulations to the recipients! MultiNode…
The first signs of a recovery in the oil price have been seen and opportunities are opening up in the Mediterranean for Europe to significantly reduce its reliance on energy imports, delegates at the 12th Offshore Mediterranean Conference (OMC 2015) heard this morning…
Italy’s RINA Services has responded to the challenges of life extension and new regulatory regimes by completely updating its Rules for the Classification of Fixed Offshore Platforms. The new rules and guidelines will be published in May 2015 and will cover classification…
A total of 42 offshore companies showed up to the Central Gulf of Mexico (GoM) Lease Sale 235 that drew in more than US$538 million in high bids for exploration and development in the area. Gulf of Mexico map…
Otto Energy Philippines Inc. signed a farm-in agreement with Red Emperor Resources NL for a 15% working interest in SC55, offshore the Philippines. The Maersk Venturer. From Otto. SC55…
Resonance enhanced drilling could help speed up drilling time and efficiency. Elaine Maslin reports. Professor Marian Wiercigroch with the vertical RED full scale experimental rig. Images from the University of Aberdeen…
It is widely accepted that the UK Continental Shelf (UKCS) is a high cost petroleum province by world standards. The collapse in oil prices from over US$100/bbl to less than $50 can thus be expected to have a substantial effect on activity levels…
Norwegian drilling contractor Odfjell Drilling has sunk into the red and suspended 2014 dividents after taking a major write-down on its Deep Sea Metro assets. The firm's US$27 million loss comes despite the firm today (25 February) also announcing a large contract win on the giant $15…
'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…
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