SDX Energy is dropping its 35% stake in the Dana Petroleum-operated Bakassi West block in the Rio Del Rey basin offshore Cameroon, after failing to make an oil discovery in late-March at the shallow-water Manatee-1X well. SDX’s decision…
Forum Energy Technologies (FET), a subsea technology provider, has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen. The primary purpose…
NEL has completed the latest upgrade phase of its wet gas test facility, in response to increasing industry demand. The upgraded facility has been designed to more accurately simulate the increased flowrates experienced during production and processing…
Incidents relating to the installation and operation of high voltage subsea cables are the costliest cause of financial losses in the global offshore wind industry and led to insurance claims totaling more than US$67 million (€60 million) in 2015…
Polarcus has received a letter of intent (LOI) from an undisclosed client for an additional broadband 3D marine seismic survey offshore South America. The project will commence in early Q4 2016 and run for approximately three months. “This…
Kenz Cranes have been awarded with a contract for the design and production of two knuckle boom cranes for Heerema Marine Contractors, which will replace the current knuckle boom cranes on the deepwater construction vessel Aegir. Kenz…
Pacific E&P has made its outstanding payments to its joint venture partner Karoon Gas for its share of the five blocks in the Santos basin, offshore Brazil. Earlier this week, Karoon called out Pacific by issuing a default notice to the Canadian company…
GE Oil & Gas and Technip have entered into a memorandum of understanding (MoU) for a joint project to explore areas to co-develop digital solutions for the LNG industry, with a particular focus on the design and build phase of new liquefied natural gas (LNG) projects…
Siemens has begun construction at its new wind turbine plant in Cuxhaven, one year after the initial investment decision. Soil compaction and the preparation of the pile foundation, with 1900 concrete piles, have already been completed. Construction…
The Irish Minister of Energy has granted consent to Europa Oil & Gas for the transfer of interest in and operatorship of, Frontier (FEL) 2/13 and 3/13 from Kosmos Energy Ireland. Europa now has 100% interest in, and is operator of seven licenses in the Atlantic basins offshore Ireland…
Diamond Offshore Drilling and Trelleborg's offshore operation have announced a joint development agreement to develop, manufacture and market Helical Buoyancy riser technology developed by Diamond Offshore. According to Diamond, its patented…
Japan-based Nippon Yusen Kabushiki Kaisha (NYK) entered into a deal to aquire 25% interest EMAS Chiyoda Subsea Ltd. (ECS). The agreement between NYK, Ezra Holdings and Chiyoda Corp. will see the shareholding structure of ECS change to Ezra 40%…
BP and Det norske oljeselskap have combined their Norwegian businesses to create Aker BP – a move that is expected to organically grow production to more than 250,000 boe/d by the early 2020s. Image from BP…
Vancouver-based EnerGulf Resources entered into a letter of intent (LOI) with Houston-based Texas South Energy, to participate in six offshore Gulf of Mexico (GoM) prospects owned and operated by GulfSlope Energy. GoM operations…
The European Commission (EU) has awarded more than US$4.4 million (€3.9 million) to support tidal energy testing and demonstration in Orkney waters. Magallanes test turbine installation at EMEC…