Norway, the world’s top market for subsea tie-back projects in coming years, is facing an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, a Rystad Energy report reveals. According to Rystad, around 275 subsea trees are expected to be ordered in Norway during the five-year period, and – given that such…
Offshore drilling solutions provider HMH has been awarded the contract to deliver a pressure control system to Guangzhou Marine Geological Survey (GMGS) drillship.The system will comprise of a blowout preventer (BOP) stack, including the new SeaONYX V…
Global asset lifecycle support specialist EnerMech has confirmed a three-year extension deal with Petrofac, taking the two company’s working relationship beyond the 10-year mark.Having held the contract since 2012, the 57-strong Aberdeen and…
EC-OG, developer of energy management and storage technologies for the energy industry, has appointed Bob Black as a non-executive director on its Board. He will act as the Board representative of EC-OG’s investors Par Equity.Bob has 30 years…
Aberdeen-based, subsea well intervention technology specialist Interventek announced the commercial launch of a new API 17G qualified, in-riser subsea landing string system. The Revolution-7 landing string is an advanced, 7-inch nominal, 10…
In October, a new class of underwater observation vehicle, the ARV-i, will be launched at Ocean Business 21. New Zealand-based Boxfish Research and Norwegian partner Transmark Subsea developed the autonomous underwater resident vehicle in a joint venture…
UK-based oilfield services firm Expro and Dutch-based drilling and completions solutions provider Frank’s International have completed the previously announced all-stock merger.The combined company has assumed the Expro Group Holdings name.'This…
Oilfield services firm Baker Hughes and Norway's Akastor have completed the previously proposed merger of Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth).MHWirth provides advanced drilling solutions and services…
UAE-based subsea equipment maker Unique Group has appointed GoSubsea, a recently formed subsea equipment and service firm based in Norway, as its survey equipment agent for the Scandinavian region. The agreement will see GoSubsea offer a full…
Offshore drilling equipment specialist Dril-Quip, has named Jeffrey J. Bird as its new President and Chief Executive Officer. Effective as of January 1, 2022, he'll replace Blake T. DeBerry, who will step down at that time. DeBerry will continue…
HYTORC, a manufacturer of industrial bolting systems, has received a Spotlight on New Technology Small Business Award at the 2021 Offshore Technology Conference in Houston, Texas. The company won the award for its HYTORC J-Washer. 'The J-Washer…
Dutch offshore equipment maker Huisman has won a contract to deliver a 2,300 mt Lifting Spreader and a set of adaptive Damping Tugger Winches to DEME Offshore's offshore installation vessel Orion.Huisman said that the equipment was designed…
ICR Integrity (ICR), an industrial maintenance and integrity company, has partnered up with Guyana-based Panthera Solutions (Panthera) to deliver its Technowrap and Quickflange technologies and other solutions and the booming oil and gas market in the region…
PULS Power, the manufacturer of DIN-Rail power supplies, said Thursday it had launched its 24V, 20A DIN-Rail power supply CP20.245-R2, developed for on- and offshore use in the marine and offshore process industries. 'The marine-compliant power…
Norwegian oil and gas company Aker BP has awarded subsea contracts for the Kobra East & Gekko (KEG) development in Norway to Subsea 7 and Aker Solutions.The contact comes days after Aker BP as the operator filed a plan for development and operation for the North Sea project…
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