Nigeria’s controversial oil reforms, long in the works, appear close to passage. The government hopes to shore up falling production and get a bigger share of oil profits. But IOCs doing business in the Delta are wary, as Russell McCulley reports…
Handling the loadCargotec is to deliver MacGregor offshore and subsea load-handling systems to a deepsea research vessel on order at Mitsubishi Heavy Industries’ Shimonoseki shipyard in Japan.‘This contract highlights Cargotec’s capacity and technological expertise in offshore load-handling…
Water shortages could pose as great a threat to energy security as political instability or terrorism, leading peak oil theorist Matt Simmons told delegates at the Global Marine Renewable Energy Conference in Seattle, Washington, last month…
The shaky economic recovery could be threatened if US energy policies push up prices, ExxonMobil chairman and CEO Rex Tillerson said in Houston last month.‘You can raise taxes, raise royalties – it's going to ultimately increase the cost of energy…
In 2007, OGX was but a dream of Brazilian entrepreneur Eike Batista. In the course of three short years, the company secured financing for leases, bid on and won shallow water blocks, secured drilling rigs, hired about 150 staff, tallied six…
Two recently published reports point to a speedy recovery for offshore E&P. The deepwater sector of the oil & gas business should recover quickly from the economic downturn and resume the growth the sector enjoyed before the recession, suggests a new report from Douglas-Westwood…
Two competing gas transportation projects in southern Europe could be combined to increase the future security of European gas supply, Eni chief executive Paolo Scaroni told CeraWeek attendees in Houston in March. According to Scaroni, combining…
The trend toward putting more and more production equipment on the seabed – and in increasingly deeper waters – strongly challenges the offshore construction industry to continuously improve their ability to perform such activities in a safe and cost-effective manner…
Compact Azipod units promise the means of producing more efficient thrust for drilling vessels, saving fuel cost and cutting emissions. OE hears from developer ABB Marine.Bunker prices for the IFO380 grade fuel used by the majority of ships were on the rise at time of writing…
Zierikzee-based Noordhoek Offshore recently took delivery of its new diving support vessel, the DP2 Noordhoek Constructor, from the Niigata Yard in Japan. Specifically designed for diving operations in the harsh North Sea environment, the new…
Flotel specialist Prosafe expects a good long-term demand for its accommodation rigs, with growth in activity in the North Sea from spring 2011 and in deepwater regions. Meg Chesshyre reviews recent developments at the world’s leading owner and operator of semisubmersible accommodation rigs…
Since Heerema Marine Contractors introduced its Incident & Injury Free initiative in 2008 for both its own personnel (offshore and onshore) and the subcontractors they work with, reactions from clients and contractors have been very positive and the results have been impressive…
Mounted onboard the GDF Suez E&P Nederland chartered multi-purpose supply vessel REM Mermaid, Offshore Solutions BV’s offshore access system has notched up over 1000 operational connections without any lost time incidents. The OAS, a heave compensated…
Prosafe’s newest rival in the flotel market is Swedish company Floatel International, established by Bassoe Offshore and management in Gothenburg in late 2006 and run by an experienced management team comprising personnel from Consafe Offshore…
With the offshore umbilicals market emerging from its recent slumbers and power cable demand from both the oil & gas and wind energy sectors picking up strongly, further expansion of Nexans’ Halden facility in Norway could well follow the current…