EMAS AMC's flagship ice-classed, DP3 multi-lay construction vessel Lewek Constellation is on track to turn fully operational by March 2015. The vessel, which has heavy lift capabilities, has already secured a backlog of nearly US$0.5 billion…
GE has launched GE Marine, a new organization focusing on the merchant, offshore and naval industries, to be led by Tim Schweikert, VP, GE Marine. This new organization brings together GE’s commercial and technological expertise in the…
Technip's president and chief operating officer (COO) is joining Netherlands-based floating production specialists SBM Offshore as COO. Philippe Barril (pictured) will start on 1 March. Barril had joined Technip five years ago and had been named president and COO in January last year…
Africa focused small-cap player Azonto Petroleum is continuing its work on the offshore Ivory Coast Gazelle field, despite difficulties in the market. A field development plan, submitted by operator and 87% equity holder Vioco, which is 35% owned by Azonto…
The Middle East well intervention market is expected to reach US$2.4 billion by 2018, up from $1.37 billion in 2013, with a CAGR of 11.9%, according to a Research and Markets report. The Middle East, with 80.3 trillion cu/m, is home to 43…
Marine Well Containment Co. (MWCC) received delivery of its expanded containment system (ECS) for operations in the US Gulf of Mexico. MWCC Containment System in a 'cap and flow' scenario. From MWCC…
Seaway Heavy Lifting installed the last three topsides in one week for Pemex using its crane vessel Oleg Strashnov in the Gulf of Mexico. Out of a string of jackets and topsides in the Gulf of Mexico the last topside was installed on 28 January in the Bay of Campeche…
Wintershall Norge awarded DNV GL a US$3.95 million contract to be the sole supplier for the combined role of independent verification body (IVB) and third party design verification scope for the subsea, umbilicals, risers and flowlines (SURF) part of the Maria field development project…
The Research & Development Corp. (RDC) is investing US$4.9 million in a multi-purpose survey, support and research and development vessel to be stationed in St John’s. The total cost to design, build and operate such a vessel over a 10…
Austria's OMV says it is to delay projects, setting back its production targets, due to the 'rapid fall' in oil prices. CEO Gerhard Roiss said the fall in Brent oil prices by 58% since a high in mid-2014 represented a 'seismic shift' for the industry…
Noble Energy is in talks with officials in Cyprus over how to develop a gas field discovered in 2011, reports Reuters. The agency quotes Cypriot energy minister Yiorgos Lakkotrypis as saying discussions had also almost concluded with…
Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to survey and geotechnical services firm Fugro. The Dutch shipyard was responsible for the design, engineering and manufacturing of…
SAExploration has won contracts for ocean-bottom marine seismic data acquisition services collectively valued at about US$45 million. The company expects to execute the projects during Q2 and Q3 2015, using ocean-bottom nodal seismic…
Super major Shell is curtailing its spending by more than US$15 billion over the next three years and has futher options to reduce spending, the supermajor announced this morning, citing the dramatic, nearly 60% drop in oil prices over the past six months…
The International Well Control Forum (IWCF) launched a new training standard in drilling and well intervention for top achieving candidates and is urging operators to get involved. Image of Dave Price…
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