GE Energy Connections has been chosen to supply its MV7Series 5 Level (MV7-5L) drive, which will sit topside on a floating production storage and offloading (FPSO) unit for the Greater Enfield project. Located 60km off Exmouth in Western Australia…
Victrex and Magma Global are continuing to build their strategic partnership targeted at the oil and gas industry. Following the joint development of Magma carbon composite m-pipe utilizing VICTREX PEEK, Victrex recently invested in a minority…
Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the Gulf of Mexico, which are expected to contribute significant production and cash flow. The…
Vaalco Energy reported strong Q4 and full year 2016 production results. Image from Vaalco. Production for Q4 2016 averaged approximately boe/d, above the previously provided guidance range of 3300-3600 boe/d…
With UK subsea exports valued at almost US$6.31 billion (£5 billion), Subsea UK is encouraging British firms to set their sights on international expansion to sustain long-term growth. The industry body is urging companies to strengthen trade partnerships across the globe…
UK-based MFDevCo, or Marginal Field Development Co., has agreed a collaboration deal with Singapore-based jackup drilling rig operator CDPL, a subsidiary of China Offshore Services Ltd. (COSL). The move will see MFDevCO use CPDL on a 'one stop shop' basis…
Tidal energy firm Atlantis Resources has signed a memorandum of understanding (MOU) with Ideol, a leading developer of offshore wind floating foundation solutions, which could lead to a 100 MW plant by 2021. Atlantis is behind the MeyGen tidal energy project in the Pentland Firth…
French oil major Total has awarded Prosafe a contract for the use of the Safe Caledonia semisubmersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea. The contract is for 134 days, with an additional…
Partners on the Etinde permit offshore Cameroon are now considering offtake to existing facilities in Equatorial Guinea as a new possible solution. The project, operated by New Age, and which is taking much longer than planned to develop…
Norway-based subsea contractor Ocean Installer has been awarded its first contract offshore Australia. The firm work scope encompasses the installation of flexible risers and flowlines as well as options for additional support work. Ocean…
TechnipFMC inked an agreement with Japan's Inpex for riserless light well intervention (RLWI) services in the Ichthys field, about 220km offshore of Western Australia, for the Ichthys LNG Project. Under the agreement, the first the new firm has announced since launching last week…
DNV GL’s 2017 outlook for the oil and gas industry has revealed short-term agility and long-term resilience, with an overall stabilization of confidence in some regions, despite depressed and prolonged oil and gas prices. Image of Tørstad…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), H.E. Mohammad Sanusi Barkindo, will deliver remarks to delegates during CERAWeek 2017, 6-10 March at the Hilton Americas—Houston. Barkindo will appear…
VBMS, a Royal Boskalis Westminster (Boskalis) subsidiary, has been awarded a cabling contract with a value of approximately US$100.7 million (EUR100 million) by ScottishPower Renewables, for the East Anglia ONE offshore wind farm. The scope of work for VBMS consists of the supply…