Latest News - page 1712

 

BSEE Accepts PTS Temporary Processing System

Sep 10, 2019

Well testing and water treatment company Production Technology and Services, Inc. (PTS) said US offshore safety regulator Bureau of Safety and Environmental Enforcement (BSEE) has issued a letter to HWCG deeming the PTS-supplied temporary processing…

Russia: Arctic Offshore Oil Feasible at $130/bbl

Sep 10, 2019

The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic oilfield in the Kara Sea is feasible only at oil prices of $130 to $140 per barrel, Interfax news agency reported.Rosneft…

RigNet Wins FPSO Analytics Job

Sep 10, 2019

Networking solutions provider RigNet said it has secures a multi-year agreement with Galoc Production Company (GPC) to deploy its machine learning-based analytics platform on board the floating production storage and offloading (FPSO) vessel Rubicon Intrepid…

Subsea 7 CEO Will Retire at Year End

Sep 10, 2019

Offshore services company Subsea 7 announced that Jean Cahuzac will retire from his position as CEO at the end of this year, and will be succeeded from January 1, 2020 by John Evans, who is currently COO.Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008…

Shearwater to Perform Barents Survey

Sep 10, 2019

Shearwater GeoServices announced on Tuesday it has been awarded a master services agreement by Lundin Norway, and new Isometrix seismic acquisition projects for Lundin and Spirit Energy Norway in the Barents Sea, off the coast of Norway.Both…

Woodside Looks to Sell Gas Assets

Sep 10, 2019

Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure, its chief executive told Reuters on Tuesday…

Siemens Plans to List Energy Unit in 2020

Sep 10, 2019

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May that it was spinning off its gas and power business, which has dragged on the German…

Supply-side Paradox in a Supermajor Exit

Sep 10, 2019

The reaction of the gut is unease to news reports ExxonMobil might be selling $4 billion in offshore assets to Norway’s Vår Energi (the former Eni Norge) and pulling out of the North Sea.More operator and supermajor consolidation away from an oil province sounds all bad…

Vallourec Tallies $900 Mln ADNOC Contract

Sep 10, 2019

France-based Vallourec said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million.The award, which…

Shearwater Secures Work in Turkey

Sep 10, 2019

Shearwater GeoServices said it has been awarded a seismic acquisition and depth processing contract by Türkiye Petrolleri Anonim Ortaklığı (TPAO) – its second project to be executed for TPAO in 2019.The four-month project will start in third…

Subsea 7 Wins Saudi Aramco Contract

Sep 10, 2019

Subsea 7 announced on Tuesday it has been awarded an engineering, procurement, construction and installation (EPCI) contract from Saudi Aramco for a second package for the Marjan increment projects offshore Saudi Arabia.  The contract is awarded…

Tekmar Wins Changhua OWF Order

Sep 10, 2019

Offshore installation contractor Jan De Nul Group have selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for the Changhua offshore wind farm in Taiwan.UK-based cable protection specialist Tekmar Energy will…

NPD Completes Seabed Minerals Expedition

Sep 10, 2019

The Norwegian Petroleum Directorate (NPD) announced that it has just completed a successful data acquisition expedition on the Mohns Ridge in the north-western Norwegian Sea, using the Seabed Constructor vessel.According to the Norwegian government…

2nd Stage Of Pipe Laying in Absheron Field Over

Sep 10, 2019

Azerbaijan Caspian Shipping CSJC (ASCO) announced that its vessels - Suleiman Vazirov and Yarenga - have completed the second stage of pipe laying work in the Absheron gas and condensate field located in the Azerbaijan sector of the Caspian Sea…

Welcome to the App Store

Sep 09, 2019

Imagine a kind of app store for subsea xmas trees; a plug-in platform into which a myriad of functionality can be added and changed to suit. It’s a concept being pitched by UK subsea technology firm Enpro, except it’s calling it a “process USB” port…

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