South Africa's national oil company, PetroSA, signed a Technical Cooperation Permit (TCP) for Block 3A/4A with Sasol. The block is located in the Orange basin, off the country's west coast. Block 3A/4A covers 19,066 sq km, with water depths ranging from 100-500m…
Trinidad and Tobago announced the signing of four production sharing contracts (PSCs) with Australia's BHP Billiton for four deepwater blocks that the company had previously won in December during the country's 2012 deepwater bid round. On…
Total announced that its subsidiary, Total Upstream Nigeria Ltd. (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corp. (NNPC) to award the main EPC contracts to develop the offshore Egina field…
Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
The subsea industry is doing incredibly well, but it needs to reduce costs and invest more in technology development—according to the key note speaker at this week's UTC 2013. Kristian Siem, chairman of Subsea7 and its parent company Siem Industries…
Statoil awarded Aker Solutions a four-year frame agreement to supply, refurbish and store compensation equipment used to stabilize and control the production risers on the Heidrun platform in the North Sea. The contract value is undisclosed…
Dockwise successfully offloaded the 23,000 ton Lucius spar last week for the Lucius deepwater oil and natural gas project located in the Gulf of Mexico. The Lucius truss spar, measuring 184m (605ft) long and 34m (110ft) in diameter, was…
Statoil announced a light, high-quality oil discovery at its Harpoon prospect (EL 1112) in the Flemish Pass basin, off Newfoundland, Canada. The company said it was too early to assess Harpoon's resource potential, but that it is encouraged by the results…
GE will supply Mitsui Ocean Development Engineering Co. Ltd. (MODEC) with four LM2500+G4 aeroderivative gas turbine packages for a new floating production, storage and offloading (FPSO) platform. The FPSO, owned and operated by MODEC, will be installed in 2…
Vacuum pump, blower and vacuum systems manufacturer Busch inaugurated a new factory in Jarina, 50km north of Sao Paulo, Brazil. In the presence of the Mayor of Jarina and 280 invited guests, the new factory was officially opened by Dr Karl Busch…
Dutch offshore lifting, drilling and subsea equipment firm Huisman has developed a new series of large, offshore cranes capable of use in ultra-deepwater and with capacities of up to 900 metric tonnes (mt). The series includes a 300mt/600mt…
Detection and monitoring firm Tracerco launched a new external pipeline flow assurance and integrity monitoring system at UTC (Underwater Technology Conference) in Bergen today. The system, TRACERCOTM Discovery, is a subsea CT (computed…
DCN invests in ROV division DCN Diving has launched its own ROV division led by Fred Bosman as ROV operations manager. Bosman acquired his experience with robotic underwater systems with the Royal Dutch Navy, and for the past 13 years…
Aker Solutions loaded out the 1800-tonne subsea gas compression station steel frame from its yard at Egersund. In the next two weeks it will be installed using the crane vessel Saipem 7000 in 300m water on the seabed at the Statoil-operated Åsgard field…
Oil in water monitoring firm Pro Analysis has taken up the challenge of developing its technology for subsea use. Ever increasing water levels in production wells and stricter environmental standards are driving a research and development project to have a subsea oil-in-water monitor by 2015…
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