DOF Subsea inked US$30.8 million (NOK 270 million) in IMR and subsea installation contracts in the Asia Pacific and Atlantic regions that will use the company’s subsea project fleet. Skandi Hercules…
McDermott International has announced that a consortium of McDermott and L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Indian conglomerate Larsen & Toubro, was awarded a contract covering the engineering, procurement, construction…
Oceaneering International has announced the appointment of Martin J. McDonald as senior vice president (SVP), remotely operated vehicles (ROV), with global responsibility for Oceaneering's ROV business, effective 1 January 2016. McDonald's career spans 26 years with Oceaneering…
Schlumberger and Statoil Gulf of Mexico signed an agreement to license a large part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico. The license also includes collaboration with WesternGeco in the seismic processing phase…
A major study is underway to identify new processes and technologies that can be applied to asset integrity challenges in the UK offshore oil and gas industry. Lockheed Martin has been commissioned to conduct a technology landscaping…
UTEC NCS Survey, part of UTEC (an Acteon company), has announced the award of a multi-year rig move and positioning framework contract with Total. Total recently awarded the three-year contract with the opportunity to provide positioning…
Atlantis Resources and ScottishPower Renewables (SPR) are teaming up to develop a joint portfolio of projects for the growing tidal sector, announced Atlantis. Atlantis’s Scottish project development vehicle, Tidal Power Scotland Limited (TPSL)…
Shipping and offshore specialist law firm Wikborg Rein says current low oil prices could mean there are bargains to be had for investors in the offshore sector who follow recommended procedures for assessing and acquiring distressed companies…
The international satellite communications industry has elected Tracey Haslam, president of Harris CapRock Communications, to serve on the Global VSAT Forum’s (GVF) board of directors. The vote was held in conjunction with the GVF…
Cameron stockholders voted to approve the merger agreement between the equipment manufacturer and Schlumberger today (December 18) at a special meeting. In late August, oilfield services giant Schlumberger announced it would acquire Cameron in a deal worth US$14…
Following the participation in front-end engineering and development (FEED) work over past several months, Sevan Marine has announced that it has signed two agreements related to the FPSO prospects in the UK North Sea. The first agreement…
Polarcus has received a letter of intent from Maersk Oil on behalf of the Danish Underground Consortium (DUC) for a 4D marine seismic survey offshore Denmark. The project is due to commence in Q2 2016 and will run for approximately three months…
The US is losing its opportunity to lay claim to Arctic exploration, falling behind countries such as Norway and Russia. Now with Shell and Statoil exiting Alaska’s offshore, many in the industry and in politics are wondering how to salvage Alaskan offshore exploration…
Energy analysts Douglas Westwood say the oilfield services market has seen a 39% drop in capex in the last year, with North American expenditure falling the hardest, at 55%. The group, discussing its World Oilfield Services Market Forecast…
Orkney based Scotrenewables Tidal Power (SRTP) has secured a further £5.7 million from investors to allow it to demonstrate the world’s largest tidal turbine. The company is currently nearing the completion of the build of its SR2000 (2MW) system in the Harland & Wolff shipyard in Belfast…
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