Oil rose nearly 2 percent on Tuesday as attention centered on geopolitical factors tightening supplies that are leading to falling exports from Venezuela and declining U.S. inventories.Despite concerns about weaker demand due to an economic slowdown…
Subsea technology developer Ecosse IP (EIP) demonstrated the capabilities of its Ambient Lifter subsea and decommissioning solution during a two-day industry showcase event held in Fraserburgh, Scotland this week.EIP welcomed representatives from across the industry…
Martijn Bergink has taken over as CEO of pumping systems manufacturer Framo.Former Framo CEO Sameer Kalra has officially handed Bergink responsibility for the business as Kalra becomes the new head of the Alfa Laval Marine Division and a member of the Alfa Laval Group management…
Saudi Aramco on Tuesday signed a land lease agreement with McDermott Arabia Company to establish a facility for large scale fabrication of offshore platforms and onshore/offshore modules located within the King Salman International Complex for Maritime Industries in Ras Al-Khair…
Shell has sold 40 percent of its participation in two offshore oil exploration contracts in Colombia to Noble Energy, which will also operate the blocks, the government said on Tuesday.Colombia recently modified contractual terms for offshore…
A new cooperation agreement between Australia's space agency and the country's largest natural gas producer aims to promote technology transfer between the space sector and the oil and gas industry.A statement of strategic intent and cooperation agreement signed in Perth by Dr…
A major $2 million scientific study led by the University of Rhode Island (URI)’s Graduate School of Oceanography will monitor disruptive ocean currents in the US Gulf of Mexico, with a long term goal to improve forecasts for safer offshore operations in the region…
Oceanographic technology and marine services provider EOM Offshore announced Tuesday it has acquired the assets and operations of the New Jersey-based marine services provider Ocean Tech Services.Ocean Tech Services has a decade of experience…
The Stena Drilling-owned 5th generation, semi-submersible drilling rig Stena Don has undergone a major refit in the Netherlands. The vessel arrived at Damen Verolme Rotterdam (DVR) in October 2018 and departed for her new contract off the UK’s Shetland Islands in February 2019…
Brazil's government will announce 'within days' a deal with state-run oil company Petrobras to settle a multi-billion-dollar contract dispute and clear the way to auction billions of barrels of oil off of the Brazilian coast, a minister said on Monday…
MacGregor announced Tuesday it has received an order from China National Offshore Oil Corporation (CNOOC) to supply the on-vessel mooring system for a semi-submersible floating production unit (FPU) being built for a deepwater natural gas field in the western part of the South China Sea…
Royal Dutch Shell said on Tuesday it will start drilling an exploration well in a block off Bulgaria's Black Sea coast next month for oil and gas.Shell has teamed up with Spain's Repsol and Australia's Woodside Energy after sealing a contract…
Remotely operated vehicle (ROV) survey and inspection company Rovco said it has expanded its international reach after forming a local partnership with Drexel Marine Petroleum Services in Egypt.The deal will see the Bristol-headquartered firm…
An advocacy group, led by RenewableUK and Scottish Renewables, has been launched by industry body RenewableUK to make the case for large-scale deployment of floating wind power off Britain.The Floating Wind Steering Group will meet with the…
Cortland has provided synthetic rope slings for the Norther offshore wind project in Belgium to support the lifting of monopiles, transition pieces and turbines.According to a press note from the Actuant Corporation group company which designs…
Subscribe
