Russian based Rosneft announced a joint venture agreement regarding implementation of vessel, drilling rig, and marine equipment construction and design projects that was signed at the 21st World Petroleum Congress on 16 June. The joint venture was entered by Rosneft…
Aberdeen-based Return To Scene Limited, a SeaEnergy subsidiary, has been awarded a contract for provision of an R2S visual asset management system by Mexican national oil company Petróleos Mexicanos (PEMEX), following a competitive public international tender process…
Italian shipbuilder Fincantieri is making an initial public offering to raise funds for projects and acquisitions. The company is wholly owned by Italian state lender Cassa Depositi e Prestiti (CDP). It will offer up to 38.2%, and new shares will be priced between €0…
The Mineral Licence and Safety Authority of the Government of Greenland (MLSA) has contracted ASL Environmental Sciences to build and maintain a web-based marine geoportal from which sea ice, iceberg, metocean, and seafloor data from the…
The pace of innovation in the offshore industry is awe-inspiring. It’s amazing to look at today’s capabilities and think about how they weren’t even possible a few years ago. Of course, from the perspective of the regulator, it is also a little daunting…
Dr. Michael A. Alfultis, a retired US Coast Guard captain, and the director and chief administrative officer of the University of Connecticut’s Avery Point campus, has been named as the next president of the SUNY Maritime College in Fort Schuyler…
Marine science and ocean research programs across the United States are set to benefit from access to more affordable underwater technology thanks to a new discount scheme introduced by Houston-based Sonardyne Inc. Under the terms of the company’s Academic Discount Partnership…
BP and the China National Offshore Oil Corp. (CNOOC) signed a heads of agreement regarding the supply of up to 1.5MTPA of liquefied natural gas (LNG) over 20 years starting in 2019, the supermajor announced on 17 June 2014. The agreement…
Royal Dutch Shell is selling a major portion of its stake in Australia's Woodside Petroleum Ltd., raising AU$5.7billion. Shell is selling 9.5% back to Woodside, and another 9.5% to institutional investors, at a small discount to the closing share price on 16 June 2014…
Noble Energy, Inc. announced on 16 June that it has reached an agreement with BP Exploration & Production Inc. to acquire interest in 17 deepwater exploration leases located in the Atwater Valley region of the Gulf of Mexico (GOM). According to the terms of agreement…
With attractive exploratory potential, the Levant basin off Lebanon, presents an opportunity for international oil companies (IOC) to position themselves in the promising eastern Mediterranean region, an analyst with research and consulting firm GlobalData says…
The Offshore Technology Conference (OTC) honored Carl Arne Carlsen, senior vice president and member of the Governing Board at DNV GL, with the Distinguished Achievement Award for Individuals at the 2014 conference in Houston this May…
Houston-based ION Geophysical Corp. has agreed to acquire 100% ownership of ocean bottom seismic acquisition company OceanGeo BV. In February 2013, ION acquired 30% of OceanGeo, then increased its ownership to 70% in January 2014…
BG Group has agreed to sell its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for £562 million (US$954 million). Under the agreement…
BG Group has made the first oil discovery off East Africa, according to a partner on the Sunbird-1 exploration well. Pancontinental Oil and Gas said a 14m gross oil column was found beneath a 2936m gross gas column in a reefal limestone…