Siemens is to sell its Bristol, UK-based tidal energy company, Marine Current Turbines, to tidal energy developer Atlantis Resources. Atlantis, which is behind the largest planned tidal development project in the world, says the move…
In a break from the energy industry’s current contraction trend of spending cuts, employee layoffs, contract delays and cancellations, Abu Dhabi National Oil Co. (ADNOC) recently announced plans to spend more than US$25 billion on various offshore fields…
Golder Associates has appointed Dr. Hisham Mahmoud as its president and CEO. He will be based in Atlanta, Georgia. Dr. Mahmoud’s career spans some 27 years, the majority of which has been in diversified global engineering and construction companies…
In this video, Eni shows the Goliat floating and production storage offloading unit (FPSO) platform arriving in Hammerfest, Norway from the Ulsan shipyard in South Korea after a 63-day journey of 15,608 nautical miles. The platform was aboard the Dockwise Vanguard…
FoundOcean completed the grouting for an 8-legged jacket in the Bay of Campeche, Mexico. The project, completed on behalf of McDermott was mobilized from Port Fourchon, Louisiana. In the case of Ayatsil-A, FoundOcean was able to provide a bespoke grouting solution…
Blue Water Shipping signed a contract with Baku Shipyard covering the transport of two hull sections from Singapore to the newly established Baku Shipyard in Azerbaijan. Map from Blue Water…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Wintershall Norge has made a small oil discovery on the Imsa prospect in wildcat well 6406/2-8 in production license 589 in the Norwegian Sea, 190km northwest of Kristiansund. Image from Wintershall…
UAE-based rig builder and fabrication firm Lamprell has been awarded a jackup construction contract by Abu Dhabi's National Drilling Co. (NDC). Image of the Muhaiyimat for National Drilling Co…
UK-based distributed acoustic sensing technology firm OptaSense has partnered with Weatherford International to form a strategic alliance to deliver integrated optical sensing solutions designed to optimize well planning, construction and production across the asset lifecycle…
Statoil spudded the Bister exploration well 6407/8-7 in the Norwegian Sea, says Aberdeen-based exploration firm Faroe Petroleum. Map from Faroe. The Bister prospect is in production license 348/C…
Ophir Energy is to commission 2D and 3D seismic with a view to drilling on 2016-17 on four deepwater production sharing contracts (PSCs) in Indonesia it has now acquired from Niko Resources. Image from Ophir…
EPCI contractor McDermott International and Accra, Ghana-based Hydra Offshore Group have joined forces to create a new joint venture called, McDermott Marine Construction Ghana Limited (MMCGL), focused on opportunities offshore Ghana. McDermott's partner…
This year, Pakistan, Egypt, Jordan and Uruguay plan to begin importing natural gas via floating storage and regasification unit (FSRU) vessels. The vessels are a solution to the challenge of importing liquefied natural gas (LNG) into areas…
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across the global upstream sector in Q1 2015. Despite the overall number of contracts being awarded dropping, the value of some is substantial…