ROVOP, a remotely operated vehicle (ROV) service provider, and WFS Technologies, a wireless instrumentation and control solutions developer, have announced a collaboration effort to reduce certain operating costs by up to 80% and extend asset life by years…
Planned drilling at Block 12 offshore Cyprus gained a waiver from the government of Cyprus to carry out additional drilling outside of the Aphrodite area, upon the completion of the transfer of 50% of the rights of Noble Cyprus in Block 12 to BG Cyprus…
GE entered into a US$1 billion sourcing program, signing a series of agreements with its Russian strategic partners at the 17th GE Oil & Gas Annual Meeting in Florence. Expanding the scope of their 2013 strategic partnership, GE and Rosneft…
US tech firm Blueshift has been working with the UK’s Oil & Gas Innovation Centre (OGIC) and the University of Strathclyde, Scotland, to support the development of a polymer aerogel blanket. Aerogels are “solid materials” composed of 99…
Impact Subsea has launched the ISD4000, a survey grade depth and temperature sensor with optional integrated HMRU. The sensor measures full scale depth with 0.01% accuracy, temperature with accuracy within 0.01°C, and can be supplied with an integrated HMRU…
Polarcus is cutting staff, including senior management, in an effort “to fit a redefined Polarcus,” and save about US$7 million a year. CFO Tom Hendrik Sundby leaves Polarcus in new wave of changes…
GE Oil & Gas and SBM Offshore have agreed to what they are calling the first ever global maintenance agreement for an entire fleet of floating production, storage and offloading (FPSO) vessels. Under the agreement, GE Oil & Gas will provide spare parts…
UK-based independent explorer Premier Oil's share value surged 100% this morning after trading recommenced following a two-week suspension. On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North…
Power and automation firm ABB is to provide software for three newbuild deepwater subsea construction vessels being built by new company Ultra Deep Solutions. Ultra Deep Solutions was set up in 2014, by industry veteran Sheldon Hutton…
With only two days to go, Subsea Expo 2016 is set to attract its highest-ever numbers, despite the UK oil and gas industry facing the toughest period in its history. Organizer Subsea UK, is gearing up to welcome over 6000 delegates to Europe’s largest…
The floating production, storage and offloading (FPSO) vessel, Prof. John Evans Atta Mills set sail from Singapore on 23 January. The vessel is sailing to Ghana, where it will produce and store oil from Ghana’s Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields…
Statoil is to join French oil major Total in drilling the first deep water exploration well offshore Uraguay. Statoil has agreed to take a 15% stake in Block 14, a frontier block in the deep water Pelotas basin, about 200km offshore, in the the South Atlantic Ocean…
The oil price collapse has been bad news for nearly every company involved in the industry, but one group that could actually benefit from it are specialist decommissioning companies. For these companies, there is an opportunity to be…
Heather Saucier investigates how wireless technologies used by AUVs can make sea-bottom surveillance more cost-effective and time-efficient. A multibeam sonar system (EM 2040) image…
Australia and New Zealand hold vast petroleum potential, much of which remains undeveloped. Audrey Raj sets out the detail. Samples of oil from various New Zealand discoveries. Photo from TAG Oil…