OSM Maritime Group, the provider of full service solutions to the Offshore and Maritime Industry, announced that it has appointed Tommy Olofsen as the Chairman.Tommy will in his new role, in addition to his current responsibilities, be responsible for strategic development…
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said in its fleet update for the third quarter 2019 showed a fleet utilization of 73 percent, compared with 29% for the third quarter in 2018. The marine EM market…
Production has commenced from the giant Johan Sverdrup field in the Norwegian North Sea, operator Equinor announced on Saturday.The largest development in Norway for three decades, the mega project has started up more than two months ahead of and NOK 40 billion ($4…
China's CNOOC shut down the 150,000 barrel per day Buzzard oilfield in the British North Sea to repair pipework on the platform, a spokesman said on Friday.Buzzard plays a role in global oil pricing as it is the main contributor to the Forties crude stream…
Veteran energy industry association executive Erik Milito has been named as the new president of the National Ocean Industries Association (NOIA) and will to take the helm of the offshore energy association effective November 1, 2019.“Erik is a strong leader and an effective communicator…
Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan.Saipem has been a key contractor in this field since the 1990s…
Panoro Energy reported drilling results in the Hibiscus Updip well (DHIBM-1), located on Dussafu Marin Permit, offshore Gabon, “have significantly exceeded expectations” the company's CEO John Hamilton said.Panoro and operator BW Energy estimate…
Tensions between Cyprus and Turkey over offshore drilling intensified on Friday, with Nicosia accusing Turkey of a 'severe escalation' of violations of its sovereign rights.Turkey announced on Thursday that it had sent an oil-and-gas drilling…
Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy.BP on Friday appointed Looney…
Services company Subsea 7 said it has secured a contract from Shell for the Pierce depressurisation project in the UK North Sea, located approximately 160 miles offshore, east of Aberdeen.Shell announced it has taken financial investment decision (FID) for the project on Thursday…
The hull of Energean Oil and Gas’ Energean Power FPSO has been undocked and floated out from the COSCO Shipyards’ dock in Zhoushan, China, about 10 months after first steel cut. Once completed, the FPSO will be deployed at Energean’s Karish and Tanin fields offshore Israel…
Keel laying has been completed for Norway-based Offshore Heavy Transport (OHT)'s new crane vessel Alfa Lift currently under construction at China Merchants Heavy Industry (CMHI) yard in Jiangsu.'The new heavy installation crane vessel has reached…
DNV GL, the global quality assurance and risk management company, has awarded Siemens Gamesa Renewable Energy (SGRE) with type certification for the manufacturer's new 8MW offshore wind turbine.The certificate for the SG 8.0-167 DD machine…
Thirteen companies have been approved by Brazilian authorities to participate in a November oil bidding round for offshore exploration and production rights.The companies were cleared to participate in the so-called 6th pre-salt bidding round…
The starting gun on a subsea space race has now officially been fired with the first ever award of a contract that includes services from a subsea resident drone.But, what is less known is that the award, made by Equinor to Saipem for operations on the Njord field…