Polarcus and the National Petroleum Corp. of Namibia (NAMCOR) signed a memorandum of understanding (MOU) over exploration and development offshore Namibia. Under the terms of the MOU, Polarcus and NAMCOR will work together to identify…
Seadrill’s 1Q 2015 results showed the company’s revenue at US$1.244 million, down just 1.36% from $1.261 million in 4Q 2014. The West Jupiter. Image from Seadrill. Operating profit skyrocketed to a whopping 35…
International classification society and certification group Bureau Veritas has published a set of guidelines, NI 603, intended to help the development of current and tidal turbines. The guidelines are backed by a separate guide, known as The Marine Renewable Energy Guide to Certification…
The European Marine Energy Centre (EMEC) and the Innovation Centre for Sensor & Imaging Systems (CENSIS), are collaborating to support innovation and development of new sensor technologies. By helping innovative sensor technologies…
The National Transportation Safety Board (NTSB) is naming Shell as being ultimately responsible for the grounding of the Kulluk ice-class mobile offshore drilling unit (MODU) in 2012 offshore Alaska, due to the company’s inadequate assessment of the risk for the towing…
DeepOcean has been awarded an inspection, maintenance, and repair (IMR) contract by GDF SUEZ E&P Norge (GDF SUEZ). The four-year contract covers all ROV-based IMR work for GDF SUEZ on Gjøa field and the associated subsea assets. DeepOcean…
Weatherford International announced that Bill Lane, vice president of emerging technologies for artificial lift, received the Society of Petroleum Engineers (SPE) Gulf Coast Regional Production and Operations award for his outstanding contributions…
The board of directors of DNV GL Group appointed Remi Eriksen as the company’s new group president and CEO. He is succeeding Henrik O. Madsen, who is retiring on August 2015. “Eriksen has a solid track-record in leading positions within the company for two decades…
Det norske oljeselskap received a green light for drilling an appraisal well on the Ivar Aasen field, from the Norwegian Petroleum Directorate. Ivar Aasen. From Det norske. Drilling at well 16/1-22 A…
According to the latest analysis from Wood Mackenzie capital and operating costs in the UK and Norway's upstream sectors will decrease steadily this year as operators respond to lower oil prices. Wood Mackenzie projects that the biggest reductions will come in drilling costs…
The Petroleum Safety Authority Norway granted Statoil consent for exploration drilling at its operated production license 602 in block 6706/11 in the Norwegian Sea. The field is located around 233km from the nearest mainland at Skomvær in the county of Nordland…
OneSubsea has been awarded a US$330 million subsea production systems contract for a gas project offshore North Africa. The scope of supply for the 13-well development includes subsea production equipment, tooling, and installation and commissioning services…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. Image from CGG…
Fugro has been awarded a contract by DeepOcean for the provision of precise satellite positioning for their entire fleet. The contract is valid for three years and also includes the new vessels in DeepOcean’s continuously expanding fleet…
Premier Oil’s “high-impact, play-opening” Isobel Deep North Falkland Basin well has made an oil discovery, the operator confirmed this morning, in higher than expected reservoir pressure. Operations have been suspended and the rig will be released to drill in the South Falkland Basin…