As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…
Investment costs for the Culzean project are now forecasted to be around US$4 billion, a reduction of about $500 million on the estimate at project sanction, said Gretchen Watkins, CEO, Maersk Oil at the Maersk Group Capital Markets Day in Copenhagen…
Wärtsilä has signed a manufacturing license agreement with Jiujiang Precision Measuring Technology Research Institute, a subsidiary of China State Shipbuilding Corp. (CSSC), based in Jiujiang, China. The two-way agreement provides CSSC with…
US President-elect Donald Trump has picked ExxonMobil CEO Rex Tillerson to be his nominee for Secretary of State and former Texas Governor Rick Perry to be his Secretary of Energy, it was announced today (13 December). Trump praised Tillerson via Twitter…
A new company, Nucore Group, has been established to create a topside engineering services group of companies. Backed by Lonsdale Capital Partners, Nucore Group currently oversees the management of Oteac and HVAC & Refrigeration Engineering (HVAC&R)…
Lokring Northern (UK), a provider of advanced fluid and gas transfer connectors, has expanded its Aberdeen office. The new premises are double the size of the previous Aberdeen headquarters, with capacity for improved training facilities and office space…
Azinor Catalyst signed an agreement to acquire a 50% operated interest in UKCS license P.2243, containing Block 14/17a from Zennor North Sea. Map from Azinor Catalyst. The license is adjacent to Azinor’s Partridge licence P…
ALE launched its latest innovation, the lightweight service crane, which is fully designed out of light modular parts that can be assembled by hand. Each part can fit in an elevator or transported over an access walkway or stairs, making…
Australia's AWE has sold 57.5% of its stake in the Tui area oil fields in the Taranaki basin offshore New Zealand, to Kuala Lumpur-based Tamarind Management. Subject to approvals from the New Zealand government and the Tui joint venture…
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) appointed Derrick O’Keeffe as the head of division for safety and integrity. In this role, O’Keeffe will ensure regulatory requirements around…
In this video, McDermott International shows a behind the scene video of what it took for its team to prepare for the launch of the 7000 million-tonne Ayatsil C jacket for Pemex in the Bay of Campeche.
A rising number of UK operator companies are demonstrating their commitment to working smarter by signing up to two initiatives designed to reduce the legal and commercial complexity of offshore operations. As a result of collaboration between UK operators…
First gas from the Hummer development offshore Louisiana is expected in mid-2017, says partner Petsec Energy. The firm, which holds 12.5% interest in Hummer, said a production test on Main Pass Block 270 #3 BP 01 discovery well (initially…
The first offshore wind farm to deliver energy to the American power grid is now operational, owner Deepwater Wind said this week. The turbines have now completed commissioning and testing and started commercial operations. Energy produced…
Dutch maritime transport firm Boskalis has dropped its stake in fellow Netherlands-headquartered firm Fugro down to 9.38%, the company announced today (13 December). The news is likely welcomed by Fugro, which has been at odds with Boskalis…