Analysts at Douglas Westwood say despite a current pause in commitments to new projects, the capital expenditure (capex) for Floating LNG (FLNG) vessels is expected to amount to US$35.5 billion over 2015-2021. Spending on floating, storage…
Houston-based Oceaneering International’s 2Q 2015 results has its revenue down nearly 13% year-over-year, and left the company with the decision to end its blowout preventer (BOP) control systems business. Image from Oceaneering…
One of the largest oil and gas topsides built this year set sail on July 23 from Burntisland Fabrication’s (BiFab) Methil yard. Cygnus manifold. Image from Engie. The 4600-tonne Cygnus accommodation module…
Statoil began drilling of the first production well at the Gina Krog field on 20 July, just eight days after the drilling rig arrived at the North Sea field. The Maersk Integrator rig will drill wells until sometime in 2019. The Maersk Integrator…
Shell’s arrival in the Chukchi Sea came with limitations from the Bureau of Safety and Environmental Enforcement (BSEE) that allows the supermajor to begin drilling, but not into oil-bearing zones just yet. The Noble Discoverer…
The UK will remain the leading offshore wind power market globally by 2025, with its installed capacity increasing from 4.5GW in 2014 to 23.2GW by the end of the forecast period, representing an impressive compound annual growth rate (CAGR) of 30…
Norway's Statoil has made a 15-75 MMboe gas and condensate discovery near the 70-200 MMboe King Lear discovery located just 17km from the Ekofisk facilities. The Julius discovery well 2/4-23S, drilled using the Maersk Gallant jackup in 68m water depth…
Image: Joanne Keilloh/ Seatronics Seatronics appointed Joanne Keilloh as its new group QHSE coordinator based in Aberdeen. Keilloh will lead the QHSE function within the Seatronics Group and Acteon sister company…
In this video SBM Offshore shows an overview of the floating production and storage offloading (FPSO) units the company has been working on, including a tally of their current project and offerings.
Variations in owner, operator and regulatory requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and drive up costs. DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI)…
SKF, the knowledge engineering company, has launched a shaft alignment tool. The TKSA 51 is a comprehensive system for all alignment tasks designed for use with tablets and smartphones. The TKSA 51 app makes it quick and easy to set up of motors…
Viper Subsea released the next generation V-LOCK hydraulic stab plate, which was originally launched in 2011. The new model is designed such that all the coupler float requirements are built into the flying half of the stab plate, with…
The Petroleo Brasileiro SA (Petrobras) Lava Jato scandal is in the forefront once again as the Brazil state-run company confirmed the findings of contract irregularities; convictions were handed down to three former executives in connection with the scandal…
Rowan Companies retired two of its 32 offshore drilling rigs from service — the Rowan Alaska and Rowan Juneau — effective as of 1 July 2015. The company entered into contracts for sale of the rigs with an expected closing by the end of the month…
UK-listed small-cap exploration firm Xplorer has today signed a memorandum of understanding for the acquisition of a working interest in five shallow offshore exploration permits off the coast of Morocco. Xplorer has negotiated the acquisition from Teredo International of Teredo Morocco…