Global heavy lift and transportation specialist ALE has expanded its heavy lifting services by establishing a non-disclosure agreement with the Port of Dundee, which is owned by Forth Ports, and lifting, jacking and storage specialist OM Heavy Lift to provide the full service of port operations…
The UK-based underwater positioning and communications technology company Sonardyne International Ltd has initiated a collaborative project to drive a major step change in ocean system autonomy for long-endurance autonomous underwater vehicles (AUVs)…
U.S. offshore drilling contractor Rowan announced on Wednesday that its charter contract with Fieldwood Energy for the Rowan Reliance will be transferred to the Rowan Resolute under the same contractual terms, which includes a one-year, firm term plus three 90-day options…
Oil prices rose almost $2 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.Brent crude futures gained $1…
U.S. supermajor Chevron announced that its operated Big Foot deepwater project in the U.S. Gulf of Mexico has started crude oil and natural gas production.The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5…
SBM Offshore signed a contract Wednesday for a second hull in its planned series of Fast4Ward floating production, storage and offloading units (FPSO) with Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS).The order…
An innovative use of remotely operated underwater vehicle (ROV) technology for subsea jacket inspections at Australia’s largest oil and gas development has demonstrated substantial cost reductions and operational improvements.In March this year…
Ten months after the final assembly of the offshore substation (OSS) for the new Deutsche Bucht offshore wind farm started at Damen Shiprepair Vlissingen (DSV), the substation topside has now been moved outside the construction hall so that further outfitting can take place…
Oil output at the BP-led Azeri-Chirag-Guneshli oilfields in Azerbaijan totalled 588,000 barrels per day in the January to September period, BP-Azerbaijan said on Wednesday.(Reporting by Nailia Bagirova; Writing by Margarita Antidze; Editing by Jan Harvey)
Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market…
East Timor has agreed to buy Royal Dutch Shell's stake in the Greater Sunrise natural gas fields off the northern coast of Australia for $300 million, the government and Shell Australia said on Wednesday.The agreement for Shell's 26.56 percent…
Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a floating LNG liquefaction (FLNG) vessel provided by Exmar, the Belgian shipping company said on Wednesday.The operations…
As the Brazilian oil and gas market emerges from a four year crisis, with expanded oil block tenders including the high quality/high yield pre-salt plays desired by most major IOCs, new subsea solutions are required to increase operational efficiency while decreasing costs…
Marine geophysical company Polarcus announced Wednesday that it has been awarded a contract to perform a high-resolution 3D marine seismic acquisition project in North America.The project duration is approximately 45 days and is expected to commence in the second quarter of 2019.
Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale project triggering ripple effects throughout Norway…