James Fisher Offshore, part of James Fisher and Sons, has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services. The assets include work-class ROVs, inspection class ROV and survey equipment…
Siem Offshore (SIOFF) agreed to sell Siem Daya 1 to Daya for US$120 million. In addition, SIOFF is entitled to a 60/40 profit share in SIOFFs favor based on the profit Daya makes on the vessel limited to an additional $10 million…
In the words of a wildly popular weekly US television series: “BP, you are in danger. Hess…you’re safe!” Due to current low oil price realizations, BP's consolidated cash flows in 1Q fell to about US$1.9 billion, a significant fall from a year ago…
At the 2015 Offshore Technology Conference (OTC), Petrobras will receive the OTC Distinguished Achievement Award for Companies, Organizations, and Institutions – the highest recognition that an oil company can receive as an offshore operator…
UK supermajor BP awarded Cape a US$153.5 million two-year contract to supply services on six North Sea assets and the Forties Pipeline Systems. According to Cape, the company will provide a range of core services, including access, insulation…
Oil & Gas UK appointed Deirdre Michie as its new chief executive on 1 May 2015. Michie will replace Malcolm Webb who, following a brief handover period, formally retires on 31 May 2015. Appointed by the board of Oil & Gas UK in February 2015…
Chariot Oil & Gas and partners secured a one-year extension on its current exploration phase of the C-19 license offshore Mauritania, North Africa. Map from Chariot. As part of the extension…
Halliburton Energy Services’ Harvey J. Fitzpatrick, Jr. shows how wellbore stimulation fluids can increase production. Fig. 1—Example of acid-etching properties of SandStim service. The service…
Installed in 65m water depth in 1998, the Siri platform was an innovation. Now, it has taken another innovation – taking onshore cable stay engineering design concepts for use subsea – to allow the platform to continue operation. Elaine Maslin reports…
John Bradbury profiles Tullow Oil’s major TEN development offshore Ghana, its second development in the area following its success at the deepwater Jubilee field. TEN project location offshore Ghana…
During the past decade, our industry has applied new technologies and adapted old ones that enabled us to meet the world’s energy needs more efficiently, productively and safely. Bond. From Hess. As an engineer…
Maritime Developments, based in Peterhead, Scotland, has released its first four-track, 75-tonne pipeline tensioner, not long after shipping out the third of a 50-tonne version of the unit, which took center stage at Subsea Expo in Aberdeen in February…
Researchers at Norway’s SINTEF together with a consortium of industrial partners have developed technologies to enable real-time condition monitoring reports from within pipelines to be transmitted to shore. SmartPipe launched in 2006…
Italy is sitting on sizeable untapped gas resources, yet it still imports a large proportion of its gas. Elaine Maslin reports from the Offshore Mediterranean Conference, Ravenna. Bruno Lescoeur…
Polymer-lined pipe has been around since the 1990s, but its potential has yet to be fully tapped, according to those behind JIPs to extend use of this technology. Mostafa Tantawi and David Whittle explain. Swagelinings enior…