International marine and offshore engineering consultancy Aqualis Offshore established an office in Aberdeen, Scotland. “We know that job cuts currently is a common theme in the oil industry, but we are taking a long-term approach…
88 Energy received notification that the Moroccan Minister for Energy and Minister for Finance have signed the assignment document, finalizing the divestment of the interests of DVM International SARL ('DVM', 88 Energy's subsidiary in Morocco) in the Tarfaya Offshore Block…
Wärtsilä Corp. announced that its acquisition of the Germany-based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wärtsilä effective 1 June 2015. Wärtsilä will acquire…
Image from Schlumberger. The merger between the world's largest oilfield services company Schlumberger and Russian drilling contractor Eurasia Drilling Co. (EDC) has been put on the…
Seadrill’s 1Q 2015 results showed the company’s revenue at US$1.244 million, down just 1.36% from $1.261 million in 4Q 2014. The West Jupiter. Image from Seadrill. Operating profit skyrocketed to a whopping 35…
The European Marine Energy Centre (EMEC) and the Innovation Centre for Sensor & Imaging Systems (CENSIS), are collaborating to support innovation and development of new sensor technologies. By helping innovative sensor technologies…
DeepOcean has been awarded an inspection, maintenance, and repair (IMR) contract by GDF SUEZ E&P Norge (GDF SUEZ). The four-year contract covers all ROV-based IMR work for GDF SUEZ on Gjøa field and the associated subsea assets. DeepOcean…
Fugro has been awarded a contract by DeepOcean for the provision of precise satellite positioning for their entire fleet. The contract is valid for three years and also includes the new vessels in DeepOcean’s continuously expanding fleet…
UK Total Solutions (UKTS) and Gateshead College will open a new oil, gas and renewables academy, the first in the northeast, following a six-figure investment in a purpose built facility, which will provide a gateway to an industry career and help resolve some of the industry’s skills shortages…
Höegh LNG Holdings has signed an FSRU contract with Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period of 20 years and is expected to generate an average annual EBITDA of around US$36 million…
UTEC NCS Survey, an Acteon company, has recently completed three months of AUV operations for a number of Saipem projects located in West Africa. UTEC NCS performed pre-lay and as-laid surveys using their Gavia autonomous underwater…
To develop its large fleet, Groen Offshore, Guard & Support selected the first Damen Twin Axe Fast Crew Supplier (FCS) 2610 to be customized with offshore oil and gas standby capabilities. The Netherlands-based company will deploy…
GC Rieber Shipping has taken delivery of its seismic new-build Polar Empress, from Kleven-owned Myklebust Verft. The vessel is chartered on a five-year contract to Dolphin Geophysical. Polar Empress is a high-capacity 3D seismic vessel with ice-class 1A…
Chevron awarded Eidesvik Offshore a 19-month contract for the Viking Princess platform supply vessel. The contract comes with a four optional six-month extensions. The vessel is set to begin in June/July 2015. The Viking Princess was delivered in 2012…
Harris CapRock Communications, a provider of managed communications services for remote and harsh environments, has been selected by Hess Corp. to provide a turnkey, integrated telecommunications solution to support the Stampede offshore field development project…