ExxonMobil will join Statoil as a partner offshore Brazil, buying half of Statoil's interest in block BM-S-8, which contains part of the pre-salt Carcará oil field, for US$1.3 billion. The pair have also teamed up for a pre-salt licensing…
Subsea firm Ocean Infinity has claimed to have undertaken the deepest dive by multiple autonomous underwater vehicles (AUVs) commercial known. The feat was achieved on 18 October, when the firm launched six HUGIN AUVs, each with…
Wison Offshore & Marine has signed a strategic cooperation agreement with LNG transport and containment system firm GTT work together on various LNG projects, including LNG floating storage regasification units and floating LNG. Wison says…
Russia's Lukoil has completed the drilling of its eighth well at Vladimir Filanovsky field in the Caspian Sea. The well is a horizontal producing well, with the horizontal section spanning 1560m. Production is at 19,000 boe/d (2.8 thousand tonnes per day)…
Talos Energy has completed its Tornado II exploration well and side track in the Phoenix field of the Green Canyon area of the Gulf of Mexico in about 2700ft water depth. The Tornado II drilling program, using the Ensco 8503 drilling rig…
Tullow Oil's latest 'ambitious wildcat' well offshore Suriname, south America, has failed to make a commercial discovery. The Araku-1 exploration was drilled to a total depth of 2685m and penetrated the objectives of the Araku prospect…
Avitas Systems, a GE Venture, announced today (26 October) that it has formed a strategic partnership with Kraken Robotics to integrate autonomous underwater vehicles (AUVs), acoustic and laser sensor technology, and artificial intelligence…
Seeking to cope with changing seismic market fundamentals, marine geophysical firm Petroleum Geo-Services (PGS) will centralize and streamline its operations, resulting in a reduction in its executive management team. PGS' Ramform Tethys…
A steady recovery is in motion in the subsea business with the potential for major subsea awards in the remaining months of this year and throughout 2018, according to TechnipFMC's boss Doug Pferdehirt. The firm won US$2.5 billion in…
Boskalis subsidiary VBMS has signed a preferred bidder agreement for the supply and installation of the inter-array cables for Moray Offshore Windfarm East (MOWE) in the UK. MOWE is a joint venture company owned by EDP Renewables (77%) and ENGIE (23%)…
French geoscience firm CGG has been awarded a contract by Côte d’Ivoire’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, to acquire with its local partner, Harvex Geosolutions, a multi-client program of gravity…
Aker BP has awarded a contract to DeepOcean for subsea inspection, maintenance and repair (IMR) activities. The contract has a total market value of minimum NOK300 million during the initial three years, with an option to continue the…
Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data in advance of Canada’s 2018 east coast bid round. Bathymetry, backscatter and water column anomaly data will be collected to pull together…
ABB Turbo Systems will acquire Swiss-based Tekomar Group, the company announced today. ABB said the by acquiring Tekomar, ABB will further develop Tekomar’s digital solution for engine analytics and advisory systems. 'Advancing ABB capabilities in performance modeling and analysis…
LQT Industries has been awarded the engineering and construction of a three story aluminum accommodations facility by a major oil and gas production company for a deepwater tension leg platform (TLP) in the Gulf of Mexico. The aluminum accommodations…
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