Following a “Gulf of Mexico way” of project execution strategy, standardizing equipment, opting for subsea solutions where possible and focusing on efficient drilling methods is saving $1.3 billion on the Equinor-operated Peregrino Phase 2 heavy oil project offshore Brazil…
Houston-based offshore equipment and services company Deep Down announced that its CFO Charles Njuguna will replace company founder Ronald Smith as CEO and as a member of the Board of Directors, effective August 31.Smith, who is leaving Deep Down to pursue interests outside the oil and gas industry…
Oil and gas explorer Woodside Petroleum said it started producing oil from the $1.9 billion Greater Enfield project off western Australia on Sunday.Reuters reported last month that commissioning activities at the field had started.Production…
A Chinese survey vessel on Saturday extended its activities to an area closer to Vietnam's coastline, ship tracking data showed, after the United States and Australia expressed concern about China's actions in the disputed waterways.The Haiyang…
US-based ocean energy solutions company Ocean Power Technologies (OPT) said it has deployed a PB3 PowerBuoy to serve as an autonomous intelligent platform to provide communications and remote monitoring services for its customer Premier Oil…
Using produced liquids in a wireless completionTendeka’s PulseEight re-deployable wireless completion systems have been deployed in a number of areas to carry out downhole functions. The PulseEight Ambient Valve has recognized safety incidents…
Offshore wind installation specialist Seajacks International has won another contract in Taiwan for work at Orsted's Greater Changhua project.'Seajacks has been awarded a contract with Ørsted Taiwan Limited for the transport and installation…
German shipping service company Global Renewables Shipbrokers (GRS) has announced the start of a strategic partnership with South Korean wind project development consultancy SerFac.The shipbroker for offshore tonnage in renewable energy said…
The subsea market in 2019 will experience year-on-year growth for the first time since 2014. But the positive outlook is vulnerable to any significant decline in oil prices over the next few years, according to analyst Rystad Energy.“We expect the subsea market to thrive during the coming years…
Ship cranes manufacturer Liebherr-MCCtec Rostock GmbH together with China's Yantai CIMC Raffles Shipyard signed a contract concerning the delivery of a board offshore crane, type BOS 2600.The German maritime cranes maker said BP will use the…
Indian multinational conglomerate Larsen & Toubro Limited (L&T) announced that a consortium of its arm L&T Hydrocarbon Engineering Limited (LTHE), and EMAS AMC PTE Ltd (A Subsea7 Company) has been awarded a project by Saudi Aramco for offshore jackets…
China’s Dongfang Electric Corp. (DEC) has unveiled what it claims will be the country’s first 10MW offshore wind turbine after successfully developing a direct-drive permanent-magnet generator (PMG) for the super-sized machine.The company reported…
Norwegian shipping company GC Rieber Shipping ASA had a fleet utilization of 100% in the second quarter of 2019.The operator of offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions said that the…
Singapore-based Ultra Deep Solutions (UDS) said it has signed the newbuild dive support vessel Ultra Deep Matisse to a long term contract for a major EPC player. The contract is said to be worth between $50 million to $250 million.The 143-meter…
Oilfield services company Schlumberger said it will open source its data ecosystem and contribute to The Open Group Open Subsurface Data Universe (OSDU) Forum to accelerate the delivery of the OSDU Data Platform.The OSDU Forum is an international forum of oil and gas operators…
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