Drilling and engineering contractor KCA Deutag has appointed a new chief executive Joseph Elkhoury, as current boss Norrie McKay prepares to retire. McKay will remain with the group in an advisory capacity until December 31, 2019, working closely with Joseph to ensure a smooth transition…
The global market for autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV) is predicted to propel at a robust compound annual growth rate (CAGR) of 18.2% from 2017 to 2025, says a recent industry report.In 2016, the offshore AUV and ROV market was valued around worth of $2…
The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf.'This is a new and innovative initiative by…
Russian shipping company Sovcomflot (SCF) has backtracked on a decision taken in March to redeliver a Polarcus seismic vessel Vyacheslav Tikhonov early from its charter.Sovcomflot will now hold on to the Vyacheslav Tikhonov and exercised an option to extend the bareboat charter for two years…
Asia Pacific focused Jadestone Energy announced Monday it has begun a riserless light well intervention (RLWI) campaign at the Montara complex, offshore Australia.The Sapura Constructor light well intervention vessel was mobilized to the field on May 30…
Senegal's justice ministry asked prosecutors on Monday to launch an inquiry into the country's energy contracts after a report alleged that the president's brother was involved in fraud related to two offshore gas blocks being developed by BP…
When a troublesome pipeline beset with wax issues escalated into a blockage, new North Sea independent Chrysaor and Subsea 7 nimbly dealt with it, installing a 26km bypass pipeline in just eight months – despite facing multiple issues on the way…
UK-based offshore energy support vessel (OESV) operator Seacat Services said on Monday it has secured long-term extensions to its vessel support contracts with Siemens Gamesa Renewable Energy (SGRE) at Galloper Wind Farm, off the coast of Suffolk…
Oceaneering International said it has secured a contract to perform the first-ever deepwater autonomous underwater vehicle (AUV) survey in Mexican waters.The geophysical survey will be performed for BHP at its Trion development. Oceaneering will use the DP-2 Ocean Investigator…
Activists have halted the progress of an oil rig destined for BP's North Sea exploration program off the coast of Scotland, environmental group Greenpeace said on Sunday.The rig, Paul B Loyd Jr, owned by Transocean, was on its way to the Vorlich field to drill for operator BP…
...but not without a few global challengesAhead of this year’s Underwater Technology Conference (UTC) in Bergen, Elaine Maslin spoke with key members of the program committee to hear their thoughts on the state of the nation.From its humble beginnings in the offshore oil and gas industry…
ABS announced on Monday it is partnering with digital twin specialist Akselos to explore developing cutting-edge digital services to clients.The project unites the experience of applying digital technologies to maritime and offshore assets from ABS with Akselos’ patented technology…
Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.Front-month Brent crude futures…
Britain must stop financing fossil fuel projects abroad by 2021 as it undermines the nation's efforts to combat climate change, a report by lawmakers said on Monday.The report, which targets financial support provided by the UK Export Finance (UKEF) agency…
The Norwegian Petroleum Directorate’s chemical analyses of sulphides and manganese crusts from the Norwegian shelf reveal that the sulphides contain a high content of copper, zinc and cobalt.The sulphis contains mostly contain iron, but also…
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