At Subsea Expo, Subsea UK has announced that it will sponsor an initiative which inspires budding subsea engineers for a second year. The body which represents the US$13.1 billion (£9 billion) subsea industry has now committed over $29…
To collaborate on the localization of main equipment and materials for offshore plants, Hyundai Heavy Industries (HHI) has signed a memorandum of understanding with Doosan Heavy Industries and Construction (DHIC) and Center for Creative Economy and Innovation (CCEI) in Ulsan and Gyeongnam…
Panoro Energy announced that the final works on the floating production, storage and offloading (FPSO) vessel, for the Aje field operations, have been completed. The vessel has left Singapore and is expected to arrive in Nigeria mid-March 2016…
Shell’s Q4 2015 earnings fell 57% along with its full year earnings taking a major plunge of 80%, as the Anglo-Dutch supermajor confirms the reduction of some 10,000 across both Shell and BG Group, once the mega merger is complete in a few weeks…
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by Gas Entec to provide an engineering study of a new-build LNG barge that will operate in the US offshore. Aqualis Offshore’s work scope is to provide a…
It's day two of Subsea Expo. Despite the down turn, there's still some good news, including new technology coming to the market. OE, official media sponsor of the show, being held in Aberdeen this week, spoke to ABB's John Guthrie, Regional Sales Manager…
Unlocking small pools of oil and gas on the UK Continental Shelf could open up £20 billion capital investment – but the clock is ticking, Subsea Expo heard. Studies have shown there are some 210 so-called small pools in the UK North Sea…
Aker Solutions was recognized as the best subsea company of the year at last night's the Subsea UK awards, with Subsea 7's David Bloom picking up the outstanding contribution to the subsea industry accolade. The awards, which seek to…
The Ministry of Economic Development of Italy informed Rockhopper Exploration that the production concession covering the Ombrina Mare field area will now not be awarded, despite the Ombrina Mare project having completed all the required technical and environmental authorizations…
The 6th annual Global FPSO Forum to be held on 30 August to 1 September 2016 in Galveston, TX, announces supermajor Shell’s Curtis J. Lohr, Stones project manager, as its first keynote speaker. Curtis J…
MacGregor, part of Cargotec, has developed a fiber-rope crane. The crane features a fiber-rope lifting system and is designed to eliminate the heating and degradation problems associated with on-load fiber ropes stored on winch drums. Also…
Red Marine, based in Hexham, has completed a qualification testing program on a new vent valve for FMC Technologies. The program to validated the performance of the vent valve against industry standards including ISO 10423 (API 6A). Used during workover operations…
Danish energy group DONG Energy has made a final investment decision (FID) to build the giant Hornsea Project One offshore wind farm. Once built, Hornsea will be the world's first offshore wind farm with more than 1000 MW capacity. Located 120km off the Yorkshire coast…
Norwegian giant Statoil handed out several contracts worth more than US$185 million (NOK 1.6 billion)for its Oseberg Vestflanken 2, Johan Sverdrup, and Ging Krog fields offshore Norway. CEO Steinar Riise is signing the contract for Ocean Installer…
STATS Group, an Aberdeenshire-based pipeline technology company, has developed a flangeless subsea launcher (FSL) which can be positioned at any given position in depths of up to 2220m. The flangeless solution, can be lowered to the seabed…
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