Ecosse Subsea Systems (ESS) is investing up to US$3.7 million (£3 million) in developing a water-jetting tool, which has the potential to double trench production rates in seabed trenching operations. Image of Cowie…
After some rough starts, Mexico’s energy future might be headed in the right direction. Mexico’s upcoming deepwater round and the state owned oil firm Pemex’s upcoming joint ventures were up for discussion at a recent event held by Rice University’s Baker Institute…
Keppel Corp. has entered a deal with fellow Singaporean company, KrisEnergy, to invest up to US$101 million (S$140 million), and raise its stake in the oil and gas company. Image from KrisEnergy…
Capital investment in the oil and gas industry in Sub-Saharan Africa has been cut by US$100 billion over the next five years, according to Wood Mackenzie's latest report on upstream activity in the region. Major oil companies are heavily…
Decisions over large field developments in the North Sea continue to be deferred, but some fields are coming through, in the form of subsea tiebacks, and costs have been cut. According to Wood Mackenzie, 2016 to date has seen five final investment decisions made across the North Sea…
DNV GL awarded the first functional safety capability assessment (FSCA) certificate to Rockwell Automation, for their Functional Safety Management (FSM) system, and the first Functional Safety Product (FSP) certificate for the safety related…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) advises that exploration licenses (ELs) 1127 and 1128, located off Newfoundland’s west coast held 100% by Black Spruce Exploration, have been cancelled due to non-compliance…
Noble Energy is expecting the final investment decision (FID) for its giant Leviathan development offshore Israel by year-end or early next year, the Houston-based explorer said in its Q3 2016 earnings call. The Noble Sam Croft…
Four companies have joined forces to offer a decommissioning service under one collaborative offering. Integrated DECOM, formed by DNV GL, Costain, Axis Well Technology and BMT Cordah, will offer front-end engineering and environmental…
Heerema Fabrication Group (HFG) will cut 450 jobs, amounting to 58% of its workforce, as part of restructuring efforts amid ongoing poor market conditions. Image of Zwijndrecht yard, from HFG. The cuts…
North Atlantic Drilling (NADL) was awarded a 90-day contract from Total E&P UK Ltd. for the West Phoenix semisubmersible to work in the United Kingdom, West of Shetland. The total backlog for the contract is estimated at US$17 million…
The UK business of CNOOC-owned Nexen Petroleum is planning two high-pressure, high-temperature (HPHT) exploration wells in the North Sea, with at least one in 2017, and assessing a phase 2 of its massive Buzzard development. Presenting…
InterMoor has added inspection and testing capabilities to its marine base at the Açu Superport in São João da Barra, northern Rio de Janeiro. The base now has a 1000-ton test bed and can perform load and breaking test for chain, wire rope…
Optime Subsea Services has signed a contract with an undisclosed US-based customer to supply a new hyperbaric testing system that simulates hydrostatic pressures found at water depths up to 14,000m. The 20,000psi hyperbaric pressure vessel…
McDermott International opened a new office in Al Khobar, Saudi Arabia, with the ability to add 300 staff to its existing workforce in the Kingdom. Image from McDermott. The new…
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