The number of fields which began producing oil and gas in the UK hit its highest level for five years in 2013, as a number of operators focused on development activity. This is according to the latest report into offshore activity from Deloitte…
MacGregor, part of Cargotec, won an order worth around US $31 million for six active heave-compensated (AHC) subsea cranes from the Dutch IHC Merwede. The cranes will be installed on three pipe-laying ships destined for the UK headquartered global offshore specialist…
FAR Ltd. recently completed detailed geotechnical studies and assessed significant hydrocarbon resource potential in its Guinea Bissau 3 blocks offshore, Sinapa Block 2 and Esperanca Block s 4 A /5 A in West Africa. (FAR: 21.43% paying interest…
IHC Merwede has been successful in securing orders worth US$473 million for a wide range of dredging and offshore vessels and equipment. The company’s dredging division has won new contracts for the delivery of a large custom-built trailing suction hopper dredger…
SeaBird Exploration Plc, in partnership with Acorn Geophysical Ltd., plans to commence an additional 3D seismic acquisition project in the Gulf of Guinea. The survey is an extension of the 3D project previously announced on 15 January 2014 for 1500sq km with US$4…
SNC-Lavalin Group Inc., is opening its regional head office for the Middle East and Africa in Abu Dhabi. The opening of the office, an important milestone in SNC-Lavalin's development, coincides with a contract the company recently signed with Ma'aden in Saudi Arabia…
WaveRoller, the breakthrough wave energy device created by the wave energy developer AW-Energy, has received independent performance verification, taking the wave power industry one step closer to commercialization. An extensive…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
Douglas-Westwood has released its 12th World Deepwater Market Forecast (2014-2018), suggesting that deepwater spend will surge from 2016 onwards. Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period…
A closer look at the integration and delivery of first oil in Mars B through the Olympus tension-leg platform.
Marine energy technology has been in development for decades and, in the past 10 years, interest and investment in marine and tidal technologies have increased. However, marine energy still lags 15-20 years behind offshore wind, says Kevan Stokes…
Metocean Services International (MSI) recently completed a deepwater current measurement program offshore Namibia for Repsol Exploration with 100% data return. Repsol as operator of a partnership including Tower Resources Plc and Arcadia…
Shell announced it has begun production from the Mars B development through Olympus, its seventh, and largest, floating deepwater platform in the Gulf of Mexico. It is the first deepwater project in the region to expand an existing oil and gas field with significant new infrastructure…
BP has reported a fall in profits in 2013, as the company feels the brunt of its divestment program. Underlying replacement cost profit for Q4 was US$2.8 billion, compared with $3.9 billion for Q4 2012. Full-year underlying replacement cost profit was $13…
Masirah Oil Ltd. has said hydrocarbons were found in several formations during exploration well drilling in Block 50, offshore Oman. The well was Masirah's second in Block 50, and reached afinal depth of 3000m in the Cambrian formation…
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