Flintstone Technology has launched its latest product, the pull through mooring connector system, which provides a method of connection and disconnection for mooring lines to midwater buoys or floating facilities. The pull through connector…
Helix Energy Solutions announced in its 3Q results that its net income fell nearly 87% from US$75.6 million in 3Q 2014 to only $9.9 million for 3Q 2015. However, the drop is all about perspective. The company reported a net loss of 2.6 million in 2Q 2015…
ABS entered into a memorandum of understanding with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to establish a joint industry project (JIP) with leading operators, drilling…
Following the fate of the global oil industry, the short-term outlook for the remotely operated vehicle (ROV) market is set to be sluggish – but long-term these machines will play a key role in deepwater development and the technology they use is set for a leap forward…
Statoil senior vice president Tove Stuhr Sjøblom has taken over as managing director of Statoil Production UK. As the new head of the company’s Aberdeen office, Sjøblom is responsible for Statoil’s upstream development and production activities in the UK and Ireland…
African focussed exploration and production firm Addax Petroleum has extended its contract with Malaysia's Yinson Holdings for use of a floating production, storage and offloading (FPSO) vessel. The Knock Adoon FPSO has been working on the Antan field offshore Nigeria…
Singapore’s fabrication and engineering service provide TRIYARDS Holdings made a 59% year-on-year jump in net attributable profit to US$8.4 million in the fourth quarter, driven mainly by liftboat construction, the company said. Work done on liftboats…
No hydrocarbon show at the ROC Oil-operated block 09/05 in the Bohai Bay basin in China, says joint venture partner AWE Ltd. The well, QK12-3-1D, which is now preparing for abandonment, is the second of the two planned exploration wells in the block…
Mexico’s Agencia de Seguridad, Energia y Ambiente (ASEA) has found that Petróleos Mexicanos' (Pemex) Abkatún Permanente platform incident that left four dead, 16 injured and three missing, was caused by a leak in a rarely used gas fuel line that had corroded…
CGG GeoSoftware has announced new releases to its application suites: Jason 9.0, Hampson-Russell 10.0 and Insight Earth 3.0. Jason 9.0 has a new anisotropic inversion tool for analyzing anisotropy for effective well design and optimum production…
Norwegian authorities performed a search and seizure of Sevan Drilling’s offices last week, after corrupt activities between Sevan Drilling and Brazil’s Petróleo Brasileiro (Petrobras) were exposed in an independent external review conducted by Sevan Marine…
AziLat Ltd. announced that it has entered into a transaction with OGX Petróleo e Gás S.A., to acquire OGX’s full interest in two blocks, offshore Brazil. The blocks are located in the Ceará basin and the Potiguar basin in the equatorial…
TGS announced that it has acquired 46,500km (25%) of the 186,000km 2D seismic project, Gigante. The survey is being acquired with four Seabird vessels and the fifth vessel, m/v Aquila, will join the survey in early November. Gigante…
Total has agreed to sell a 15% stake in the Gina Krog field in Norway to Tellus Petroleum, a subsidiary of Sequa Petroleum for NOK 1.4 billion. 'As a result of a full comparative review of our global asset portfolio and in particular of our vast portfolio of opportunities in Norway…
The US Department of the Interior announced it will cancel two planned Arctic offshore lease sales under the US government’s current five-year plan for 2012-2017 due to Shell’s failed Arctic campaign and current market conditions, which left…