MacGregor, part of Cargotec, has developed an offshore crane featuring three-axis motion compensation to carry out installations, repairs, maintenance and general service duties in the renewable energy and oil and gas markets A 74m infield…
Aberdeen-based Schoolhill Hydraulic Engineering has signed a collaboration agreement with a North East England fabrication company. The collaboration with Teesside-based Francis Brown Engineering will enable both Schoolhill Hydraulic…
GE’s Power Conversion business has announced the launch of a new supervisory system designed for remote monitoring and diagnostics of its drives, machines and control systems operating in the field. Visor Asset Management system improves GE’s unique integrated marine systems solution…
ExxonMobil and 50/50 partner Statoil will commence development on the Julia oil field in the US Gulf of Mexico, the companies announced on 7 May 2013. The project's capital costs could total more than US$4 billion. “The development of…
Petrobras announced the discovery of good quality oil in the Transfer of Rights area referred to as Entorno de Iara, in the Santos Basin pre-salt region. Well 1-BRSA-1146-RJS (1-RJS-711), known as Entorno de Iara 1, is located at a water depth of 2…
Brazilian independent OGX Petróleo e Gás Participações S.A. (OGX), has entered into an agreement with PETRONAS Brasil E&P Ltda (Petronas) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin…
Husky Oil Operations awarded Technip two contracts for the planned subsea tieback of the South White Rose Extension field off Canada's eastern coast, Technip announced on 8 May 2013. The field is an extension of the White Rose field, located in the Jeanne d’Arc Basin…
Technology is a big focus for Subsea 7 during OTC week, with a raft of speakers from the firm talking on everything from Pipe-in-Pipe (PIP) developments to deepwater solutions. The firm’s latest kit—including the Seven Borealis—is also on show at the firm’s booth (1641)…
GE’s Power Conversion business (NYSE: GE) announces that they are bringing enhanced operability to the company’s Dynamic Positioning (DP) system. The latest version, being launched at OTC, is more energy-efficient, better integrated, and—most importantly—more ’mariner friendly’…
Royal Boskalis Westminster N.V., has been awarded a contract by Shell Philippines Exploration B.V. for the installation of an offshore Depletion Compression Platform for the Malampaya Project off the coast of Palawan Island, in the Republic of the Philippines…
HRT Oil & Gas Ltda will purchase BP's 60% stake in the Polvo oil field, located 100km off Rio de Janeiro's coast, for US$135 million, the supermajor announced on 6 May 2013. BP said it expects the deal to close by 2H 2013, pending regulatory approvals…
Royal Boskalis Westminster N.V., has been awarded a contract by Shell Philippines Exploration B.V. for the installation of an offshore Depletion Compression Platform for the Malampaya Project off the coast of Palawan Island, in the Republic of the Philippines…
Tendeka, the provider of completions systems and services to the upstream oil and gas industry, today announces plans to significantly grow its North and South American market presence by promoting its full portfolio of complementary completions products and services in the region…
OTC is marking a milestone for Innovation Norway this year with not only its largest ever pavilion for Norway but also a celebration of 40 years of the country showing at Houston's annual global oil and gas showcase. The event was marked…
Rigless abandonment of wells and use of downhole communications will be future trends, according to an OTC paper on well plugging and abandonment. Praful Desai, presenting for Schlumberger, outlined the large number of ageing and non producing wells globally…
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