Netherlands based lifting, drilling and subsea solutions firm Huisman and Brazilian shipping company and shipyard group Grupo CBO have signed a contract for the delivery of four anchor handling and towing winch packages for four new Havyard 843 AHTS vessels…
Statoil and its partners have increased recoverable resource estimates for the Krafla area in the mature Norwegian northern North Sea basin to 140-250 MMboe after a two-well campaign in the area. According to Statoil, the latest appraisal well on the Krafla Main Tarbert discovery…
Former Statoil CEO Helge Lund has officially started his new role as CEO and executive director at BG Group - a month ahead of his planned start date. Andrew Gould, who has been serving as interim Executive Chairman of BG Group since April 2014…
North-east England subsea vehicle specialists Specialist Machine Developments (SMD) is to be taken over by a Chinese corporation. Zhuzhou CSR Times Electric Co., which specializes in mass transit electric drive converter and control systems…
The southern North Sea Crosgan appraisal well is to be plugged and abandoned after encountering gas bearing sands. The Crosgan appraisal well 42/15b-3 was drilled in the Greater Breagh Area, in Quad 42. The well has reached a total depth…
Lundin Petroleum has made a gas discovery on the Zulu well, close to the giant Johan Sverdrup discovery, offshore Norway. Wildcat well 26/10-1, which is the first well in production license 74BS, hit an estimated 36m gas column in very good reservoir quality Utsira Formation sands…
Statoil's Visund oil and gas field is to benefit from standardized fast-track umbilicals developed by Nexans. The field in the Tampen area of the Norwegian North Sea will be the fifth project to use these standard umbilicals. The standardized…
A three phase asset management strategy could help counter costs, says ABB’s Will Leonard. In mid-December, the price of oil fell further after the International Energy Agency (IEA) forecast weaker demand in 2015. Brent crude fell to around US$60 a barrel…
With oil prices depressed, Greg Hale argues that automation could make a much needed difference in the offshore industry. The scenario is set and it is time for everything to play out: automation can come to the rescue of the offshore oil and gas industry…
EMAS AMC’s flagship vessel, the Lewek Constellation, is close to completion at Huisman’s yard in Schiedam, Netherlands. Image from EMAS. The latest addition to EMAS AMC’s fleet has…
Peter Beales discusses the dangers of neglecting software integrity What constitutes an “asset” in the oil and gas industry? The obvious spring to mind: vessels, pipelines, and generators, for example. Few of us, however, would immediately think of invisible assets…
Alan Thorpe recently paid a visit to Singapore’s shipyards. He gives a rundown of some of the current floating production and storage unit conversions underway in Singapore and in Malaysia. The…
Aqualis ASA and Tristein AS have merged into Aqualis Offshore AS. Aqualis ASA acquired Norwegian company Tristein AS in April 2014. Tristein has since operated as a stand-alone entity as part of the Aqualis Group. Now the company is…
Teledyne Technologies has acquired Aberdeen-based Bowtech Products through its UK-based subsidiary. Bowtech designs and manufactures harsh underwater environment vision systems. Founded in 1989, Bowtech is a leading supplier of rugged…
Statoil's newly appointed CEO and president Eldar Sætre says Statoil is 'well prepared' to tackle the large uncertainty facing the oil and gas industry, amid five-year low oil prices. Sætre (pictured), who has been acting CEO and president of Statoil since October…
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