The offshore support vessel provider for the global oil and gas industry, K Line Offshore has sold one of its platform supply vessels (PSV) to Gard Supply AS.The Norway-based offshore division of Japan's K Line said that the the 2004-built PSV KL Arendalfjord is its very first ship…
Offshore engineering consultant Aqualis has entered into an agreement to acquire the marine, adjusting, and offshore business lines from the London-based Braemar Technical Services (BTS), a division of Braemar Shipping Services, in exchange for an equity stake in the group…
The Oil and Gas industry reported 1242 contracts, of which 1178 were awarded contracts, said Quarterly Oil & Gas Industry Contracts Review.Europe, the Middle East and Africa (EMEA) region recorded the most contracts with 569 contracts, representing…
One of the 14 people injured after an explosion on a pipe-laying vessel in the Caspian Sea operated by Italian oil service group Saipem has died, a Saipem spokeswoman said on Monday.The explosion took place on May 8.'Saipem deeply regrets to…
Kathleen M. Eisbrenner, a liquefied natural gas (LNG) industry pioneer and Founder and Chairman of the Board of Directors at US based LNG development company NextDecade Corporation, has passed away at the age of 58.Eisbrenner enjoyed a remarkable career…
The stately Norwegian operator’s foray into South Australian offshore and Norway’s remote areas is being contested by increasingly successful green groups.A first installment of Norwegian operator Equinor’s plans to drill and develop oil reserves…
The Jasmine field, operated by Mubadala Petroleum, is located 200 kilometers south of Bangkok. This field has a sandstone reservoir and is highly complex and compartmentalized. Many good sands have a thickness of about 30 feet to 40 feet, reservoir pressure is supported by a strong aquifer…
Theo Priestley, a technology futurist who focuses on emerging trends and their impact on business and wider society, has joined the team at WFS Technologies.Priestley takes up the role of chief marketing officer at WFS Technologies and is lined…
Authorities are monitoring a natural gas and condensate release from an orphan well four nautical miles southeast of Bob Hall Pier near Corpus Christi, Texas, the US Coast Guard said on Thursday (May 9).The Coast guard said watchstanders at…
A platform supply vessel (PSV) owned and operated by Wilson Sons UltraTug Offshore has been converted to a shallow dive support vessel (SDSV) for a Petrobras job offshore Brazil.The vessel, Fulmar, needed an upgrade from DP1 to DP2 Class notation…
Wärtsilä announced on Monday it has won a contract to supply 40 generating sets for 12 new liquefied natural gas (LNG) fueled platform supply vessels (PSV), the first such vessels to be built for a Chinese owner. The vessels are being built…
Seabed deformation monitoring is moving into new realms of capability, as self-calibration, autonomous deployment and data collection open up new possibilities for extending the life of oil fields. Shaun Dunn, Sonardyne’s Global Business Manager…
Norwegian oil company Equinor announced Monday it has acquired an additional 22.45% stake in the deepwater Caesar Tonga oilfield in the U.S. Gulf of Mexico from Shell for $965 million in cash.The Andarko-operated Caesar Tonga field is located in 1…
British oil and gas company Hurricane Energy started up its Lancaster field west of Scotland's Shetland Islands, it said on Monday, pushing its shares up 6 percent to a seven-week high.Hurricane specializes in recovering oil from fractures in…
As oil prices continue to stabilize, operators are looking for the most efficient drilling and intervention methods to keep their downturn inspired cost savings in place.Jack-up rigs have long been known as the cheaper alternative to their floating cousins…
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