British oil major BP will appoint Murray Auchincloss as new CFO, as Brian Gilvary has decided to retire in June after eight years in position, and 34 years with the company. Auchincloss currently serves as CFO of BP’s Upstream segment and will take up the role of BP CFO and join the board on July 1…
Offshore support terminal operator Brasco, a Wilson Sons Group company, has partnered with APM Terminals Pecém to set up a temporary logistics base at the Pecém Industrial and Port Complex. It will be the first offshore port support operation to take place in Ceará…
Norwegian shipyard Ulstein Verft has contracted the compatriot supplier of marine coolers for all types of vessels, Hydroniq Coolers, to deliver the seawater cooling system to the cable laying vessel (CLV) Nexans Aurora.The Pleat coolers will…
Swedish wind power company SeaTwirl has secured a patent from the European Patent Office (EPO) for its divisible offshore wind turbine.SeaTwirl has already been granted the same patent in Sweden, USA and China. SeaTwirl is a vertical floating…
The House Natural Resources Committee has advanced the Offshore Wind Jobs and Opportunity Act, which was authored by Bourne Congressman Bill Keating and cosponsored by Congressman Joe Kennedy III.The legislation will provide funding for educational…
Finland’s technology group Wärtsilä has introduced an agreement-based power solution for new normally unattended offshore installations (NUIs).The provider of power solutions for the marine and offshore energy markets said that the solution…
European energy company Vattenfall has signed a five-year energy services agreement with the largest Finnish wind power producer TuuliWatti that includes the latter’s total wind power production in Finland.The agreement, which started on 1 January…
Companies in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according to a survey from standards agency DNV GL.While the sector’s growth hangs in the balance for 2020, oil and gas leaders are optimistic that they will weather the storm…
SOFEC announced it has been awarded a contract from MODEC to supply an external turret mooring system for a floating production, storage and offloading (FPSO) vessel for the Sangomar project offshore Senegal.SOFEC will be responsible for all engineering…
There’s a shake-up happening in the pipeline inspections business. More evolved remotely operated vehicles (ROV), digital aspirations and unmanned surface vessels (USV) are driving a new era of data acquisition and deliverables.It’s offering…
Kraken Robotics Inc. announced its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador,…
Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter.The company did not immediately respond to a request for comment by Reuters…
Brazil's government is considering an overhaul in the rules for auctions of subsalt oilfields, a senior official told newspaper Valor Economico.Special secretary to the Economy Ministry Waldery Rodrigues told the newspaper the government could…
Turkish President Tayyip Erdogan said on Monday that Somalia had invited Turkey to explore for oil in its seas, after Ankara signed a maritime agreement with Libya last year, broadcaster NTV reported. Turkey has been a major source of aid to…
Following last year's large gas/condensate discovery at Brulpadda well offshore South Africa, French oil major Total is preparing to drill more wells in the vicinity.After the Brulpadda, estimated by Rystad Energy to hold 500 mboe to 600mboe…