Transparency Market Research has released a new market report titled 'Enhanced Oil Recovery (EOR) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023,' that defines and segments the enhanced oil recovery…
FoundOcean, Inc. and Delta SubSea LLC signed a strategic agreement today to provide subsea grouting and scour remediation services in waters off Trinidad and Tobago, and Venezuela. The two companies bring complementary services to the table…
Pemex has contracted with Houston-based Diamond Offshore Drilling Inc. for an additional semisubmersible drilling rig, according to DODI's fleet status report issued yesterday. The Ocean Ambassador semisub, built in 1975, is rated to work in 1100ft water depth…
Siemens is investing more than US$262 million in new offshore production facilities in Great Britain. Production of rotor blades for offshore wind turbines of the 6Mw class is planned, with a new logistics and service center slated for Hull…
Huisman will introduce a new patented crane type during this year’s OTC: the ‘Rope Luffing Knuckle Boom Crane’. These new active heave compensated (AHC) cranes combine the benefits of a normal Rope Luffing Crane and a traditional Knuckle Boom Crane…
Nexen Energy (wholly-owned subsidiary of CNOOC Ltd.) CEO, Kevin Reinhart (pictured) has announced his plans to retire after 20 years with the company. CNOOC Ltd. executive vice president, Fang Zhi will succeed Reinhart in this position. Zhi’s 30-year career with CNOOC Ltd…
Cyprus-based Songa Offshore SE, an international midwater drilling contractor active in the North Atlantic basin, has chosen to deploy IFS Applications for Offshore Service to support its onshore and offshore operations. The contract includes…
Two of the major deepwater developments that have started production so far in the Gulf of Mexico belong to Shell and BP. Sarah Parker Musarra examines the technology behind two mammoth projects: Mars B and Na Kika. In Greek and Polynesian mythology…
With the subsea construction vessel (SCV) associated with the Shah Deniz Phase 2 natural gas development expected to hit the waters in April 2017, contracting for the project is in full swing. Two more major contracts totaling nearly US$500 million announced 23 April…
PTT Exploration and Production Public Company Ltd. (PTTEP) will acquire 100% equity stakes of Hess Corp in Thailand for US$1 billion. The details of the transaction are as follows: Own 15% interest in block B12/27 (mainly in Pailin…
Task Geoscience and Fronterra Integrated Geosciences are to merge to become geoscience consultancy – the Task Fronterra Group. Task Fronterra has received a financial injection of growth capital investment from the UK's Business Growth Fund…
UK-based subsea services firm Reef Subsea is to split up into three independent companies after its January buyout by Norwegian private equity outfit Hitecvision. The three new companies will be Reef Subsea, X-Subsea, and Technocean Subsea…
Oil and gas engineering services business Plexus Holdings has been awarded a contract with Galp Energia Tarfya to supply surface wellhead and mudline equipment services for an exploration well offshore Morocco. At its March capital markets day…
Maintenance, like safety, is everyone's business. Even a cursory examination of successful energy companies reveals a strong commitment to a maintenance and safety hierarchy that goes from employees in the field all the way to the executive offices…
Technip has entered into an agreement to divest a majority stake of at least 51%, up to 75%, in Seamec Ltd. HAL Offshore Ltd., India at a consideration of Rs 97 per share (US$27 million for 51% stake and up to $40 million for 75% stake). This…
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