Kraken Robotics Inc. subsidiary, Kraken Robotic Systems Inc. said it has established a new facility in Dartmouth, Nova Scotia to field test and support its range of underwater robotic platforms and technologies.The new 4,000-square-foot Unmanned…
Fitch on Thursday became the first major ratings agency to downgrade the debt of Mexican oil company Pemex to 'junk' status, in a major setback for President Andres Manuel Lopez Obrador's plans to revive the struggling state-run firm.Fitch changed…
BP is again seeking buyers for its stake in the Shearwater oilfield in the British North Sea after talks with Royal Dutch Shell fell through, industry and banking sources said.The talks between Shell, the field's operator, and BP failed due to disagreement over the value of the 27…
Partners DNV GL, Kongsberg Maritime and Subsea 7 have concluded the pilot testing of Kongsberg Maritime’s (KM) DP Digital Survey (KMDS) application on board the Subsea 7 vessel Seven Kestrel.The pilot tested the use of a remote digital verification…
Sweden's Vattenfall may raise its target for installing offshore wind power generation in Europe beyond the 11,000 megawatts (MW) it now plans to have in place by 2025, an executive said.Gunnar Groebler, the Swedish power firm's board member in charge of wind…
Safety products manufacturer and service provider VIKING Life-Saving Equipment informs it has won a contract to supply CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, with personal protective equipment (PPE) and servicing for approximately 16…
Aberdeen based services firm READ Cased Hole said it has appointed Angel Luviano to its senior management team as Vice President Sales & Business Development, Western Hemisphere.Based in Houston, Luviano will be responsible for business development opportunities in North and South America…
A joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development, McDermott International announced on Wednesday…
Danish renewable energy company Ørsted has awarded WIND a 20-year framework agreement for the storage and onshore handling of all its array cables and accessories at WIND's site in Velsen, The Netherlands. The contract relates to all of Ørsted's current and future European offshore wind farms…
JDR Cables reports it has signed a contract with DEME Offshore for the SeaMade offshore wind farm after a competitive tender. JDR, part of the TFKable Group, will design, manufacture and deliver 78.1 kilometers of aluminium core inter-array cables and a range of cable accessories…
The creditors of indebted French marine services company Bourbon reached a restructuring deal that would give them control of the company, protect jobs and draw new liquidity.Bourbon has been hurt by market overcapacity and a fall in spending on services by upstream oil and gas companies…
Energy firm Innogy , in the process of being broken up by parent RWE and rival E.ON, could team up with oil majors to build offshore wind farms in the booming U.S. market, one of its board members said.Projects off the U.S. coast have become a major target for utilities in Europe…
Offshore scientific services company TDI-Brooks International said on Tuesday it has completed two Environmental Baseline Studies (EBS) for ExxonMobil offshore Guyana.The US supermajor is operator of several blocks offshore Guyana, including Canje…
The role of the UK’s offshore oil and gas industry in enabling the country’s transition to a lower carbon future was underlined at an industry conference in Aberdeen on Tuesday.More than 400 delegates from across the sector attended OGUK’s Industry…
US-based Murphy Oil Corporation announced that its has completed its $1.227 billion acquisition of deepwater Gulf of Mexico assets from compatriot oil and gas company LLOG.Murphy Oil President and CEO, Roger W. Jenkins, said, “We are excited…