DONG Energy has signed an agreement to acquire a 35% ownership interest in Taiwan's first commercial offshore wind farm from local developer Swancor Renewable. Formosa I comprises two phases. Phase I has a total capacity of 8MW and consists…
Sumitomo Corp. and Dutch firm Airborne Oil & Gas have signed a worldwide commercial cooperation agreement for the sale and distribution of thermoplastic composite pipe (TCP) products to the global oil and gas industry. The two firms will…
ExxonMobil has elected Susan K. Avery to its board of directors, effective 1 February 2017. Avery, an atmospheric scientist, is the former president and director of the Woods Hole Oceanographic Institution. Avery’s leadership experience in multiple academic and scientific organizations…
Murphy Oil announced a partnership with supermajor Chevron in the Gulf of Mexico in Q4 2016, in addition to suffering from a net loss of US$64 million during the period, and an even bigger loss for the year. Image from Murphy…
International compressor supplier Tamrotor Marine Compressors (TMC) has been awarded a contract by Sembcorp Marine to supply compressed air systems to the new build Heerema Sleipnir crane vessel. The scope of work includes manufacturing…
GE Energy Connections has been chosen to supply its MV7Series 5 Level (MV7-5L) drive, which will sit topside on a floating production storage and offloading (FPSO) unit for the Greater Enfield project. Located 60km off Exmouth in Western Australia…
Victrex and Magma Global are continuing to build their strategic partnership targeted at the oil and gas industry. Following the joint development of Magma carbon composite m-pipe utilizing VICTREX PEEK, Victrex recently invested in a minority…
Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the Gulf of Mexico, which are expected to contribute significant production and cash flow. The…
Vaalco Energy reported strong Q4 and full year 2016 production results. Image from Vaalco. Production for Q4 2016 averaged approximately boe/d, above the previously provided guidance range of 3300-3600 boe/d…
With UK subsea exports valued at almost US$6.31 billion (£5 billion), Subsea UK is encouraging British firms to set their sights on international expansion to sustain long-term growth. The industry body is urging companies to strengthen trade partnerships across the globe…
UK-based MFDevCo, or Marginal Field Development Co., has agreed a collaboration deal with Singapore-based jackup drilling rig operator CDPL, a subsidiary of China Offshore Services Ltd. (COSL). The move will see MFDevCO use CPDL on a 'one stop shop' basis…
Tidal energy firm Atlantis Resources has signed a memorandum of understanding (MOU) with Ideol, a leading developer of offshore wind floating foundation solutions, which could lead to a 100 MW plant by 2021. Atlantis is behind the MeyGen tidal energy project in the Pentland Firth…
French oil major Total has awarded Prosafe a contract for the use of the Safe Caledonia semisubmersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea. The contract is for 134 days, with an additional…
Partners on the Etinde permit offshore Cameroon are now considering offtake to existing facilities in Equatorial Guinea as a new possible solution. The project, operated by New Age, and which is taking much longer than planned to develop…
Norway-based subsea contractor Ocean Installer has been awarded its first contract offshore Australia. The firm work scope encompasses the installation of flexible risers and flowlines as well as options for additional support work. Ocean…
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