A joint connecting a hose at BP’s Thunder Horse platform disconnected and released drilling fluid into the Gulf of Mexico (GoM) last month, in an incident that the US Bureau of Safety and Environmental Enforcement (BSEE) is investigating…
Höegh LNG inked a letter of intent (LOI) with Samsung Heavy Industries (SHI) in South Korea for one firm and three optional floating storage regasification units (FSRU). The 170,000 cu m FSRUs have regasification capacity of 750 MMcf/d and full trading capabilities…
Aker Solutions completed the acquisition of 70% of Brazilian CSE Mecânica e Instrumentação Ltda. The agreement includes an option for Aker Solutions to purchase the remaining 30% of the company three years from now. The acquisition…
A new report from NSRI (National Subsea Research Initiative) has identified operations and maintenance (O&M) – particularly inspection, repair and maintenance (IRM) activities – as the highest potential area for subsea companies to diversify into offshore wind…
A clean energy startup based in Southern California is developing a power supply for remotely operated vehicles, which draws on temperature gradients in the ocean. Seatrec's Trec Thermal RECharging Battery uses a non-toxic material with…
Greece-based explorer Energean Oil & Gas said it is planning to achieve first gas from the Tanin and Karish fields offshore Israel by 2020. The firm, in which the Petroleum Council of Israel has approved its US$148 million acquisition of 100% of the two fields…
Hellenic Petroleum has been awarded Block 10 offshore western Greece, in the Kyparissiakos Gulf, as part of the 2nd International Round. Hellenic was already awarded two onshore blocks, and offshore Block 2, west of Corfu, in a joint venture with France's Total (operator) and Italy's Edison…
Subsea services firm N-Sea and the University of Strathclyde’s Institute of Sensors Signals and Communications at the Department of Electronic and Electrical Engineering have secured funding from the Data Lab Innovation Centre for a research project to automate subsea pipeline inspection…
Stone Energy is conducting tests to identify failure points at its Amethyst well in the Gulf of Mexico, with no assurance of production restoration, following a shut-in in April. Image from Stone Energy…
The oil and gas industry has ‘cleared the first hurdle’ in its drive for better collaboration but there is still more work to be done, according to a new survey by Oil & Gas UK and Deloitte. The ‘UKCS upstream supply chain collaboration…
CGG has delivered the near real-time imaging results for a 4200sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. CGG delivered the very fast-track (VFT) RTM PSDM volume to the client only 4 days after the last shot. The crew of the CGG Geo Caspian worked in a safe…
The UK's Oil & Gas Authority (OGA) has invited companies to apply for new licenses to drill at 14 blocks in the supplementary round to the 29th oil and gas licensing round. The 14 blocks on offer in the supplementary round are outside of the 29th oil and gas licensing round offer area…
Atwood Oceanics is to delay delivery of two new ultra-deepwater drillships being built by two years. The drillships are being built at by Daewoo Shipbuilding & Marine Engineering (DSME). Atwood agreed with DSME to take delivery of the two drillships…
Wood Group and Heerema Fabrication Group (HFG) have signed a Memorandum of Understanding (MOU) for joint efforts to offer wellhead platform development, from design to installation, hook-up and commissioning, to clients on the Norwegian Continental Shelf (NCS)…
Faroe Petroleum and DONG E&P Norge have completed the acquisition deal consisting of five Norwegian North Sea oil and gas fields, with Faroe only paying a fraction of the original US$70.2 million price tag. Image of Trym subsea gas compression…