With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from 2-5 June. The new design puts emphasis on cost efficiency…
Israel’s Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea…
International marine and offshore engineering consultancy Aqualis Offshore established an office in Aberdeen, Scotland. “We know that job cuts currently is a common theme in the oil industry, but we are taking a long-term approach…
Sercel announced today that its recently launched downhole seismic array tool, GeoWave II, broke temperature records during field trials. This performance represents the world’s first borehole seismic survey to be acquired with a digital…
Pancontinental Oil & Gas and its L10A joint venture partner, PTTEP of Thailand, issued to operator BG Kenya their notices of withdrawal from Block L10A in the Lamu basin offshore Kenya. Subject to ministerial consent, Pancontinental’s 18…
Oil majors BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total are jointly calling for international governments and the United Nations to introduce carbon pricing systems which could eventually be internationally connected. In what…
Houston-headquartered Endeavour International has put itself up for sale. The business, focused on the UK North Sea, says it is looking to sell all or substantially all of its North Sea oil and gas assets, with Blackstone Advisory Partners acting as financial advisor…
Rocksource CEO Terje Arnesen is stepping down from the company today after a mutual agreement with the firm's board. The Norwegian company has also agreed with Hans Petter Klohs that the services provided under a consultancy agreement for the CFO position will end as of 31 August…
Apparently undeterred by low oil prices, oil and gas output from ultra deepwater (>1000m water depth) fields will continue the relentless growth seen in recent years. Image from Shell. In…
Norway's TGS-NOPEC has agreed to take up a contract option with Polarcus, extending its lease of the Polarcus Adira for an additional two months, folloing on from its existing three-month contract. The vessel has already started the contract…
Gibralter's Gibdock shipyard has officially opened its new Pad 1, a specialized area for land-based fabrication projects, including pre-fabrication prior to vessel arrival. The 2940sq m purpose-built pad supported 12-tonne/sq m load-bearing workspace to support the firm's project scopes…
Inspiring the next generation sets the theme for this year’s SPE Offshore Europe 2015. OE takes a look at what’s in store at this year’s event. Offshore Europe 2014. In under three months’ time…
This past year has undoubtedly been one of the most challenging experienced by the marine energy industry in its short life, with some of our colleagues within the wave sector hardest hit. Neil Kermode…
Against a backdrop of growing global activity, ocean thermal-energy conversion (OTEC) is increasingly attracting investment, with work underway to develop technical specifications. Martin Brown, convenor of the International Electrotechnical…
Exova Group’s Stuart Bond shows how the company is working to develop testing technologies to ensure SURF components are fit for HPHT and H2S service. Exova’s Dudley, UK, autoclave facility. Images…
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