Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…
Celebrating its 40th Anniversary, Offshore Engineer (OE) and Hasbro Inc, an American multinational toy and game company, teamed up to create a custom MONOPOLY Game for the offshore industry. The OE 40th Anniversary Collector’s Edition MONOPOLY…
Ultra-HPHT, other technologies advance despite oil price drop, but actual deployment in Gulf of Mexico could slow. Bruce Nichols puts it in perspective. Anadarko’s Lucius Truss Spar, located in 7100ft of water…
James Fisher Offshore, part of James Fisher and Sons, has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services. The assets include work-class ROVs, inspection class ROV and survey equipment…
While methanol/glycol cleaning could be considered the primary removal method, its efficiency in open water is limited. BOURBON has started using high-pressure water jet cleaning as an alternative. The…
The Offshore Technology Conference (OTC), the world’s foremost event for the development of offshore resources, announced that it will offer complimentary registration during Open Access Day on Thursday, 7 May. Attendees will be able…
Aquamarine Power has appointed Dr Paddy O'Kane as the company's CEO, replacing interim CEO John Malcolm who has stepped down after six months in the role. O'Kane has been Aquamarine Power's chief technical officer since 2010. Prior to…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
A tribunal has rejected a bid by the Ivory Coast to stop oil and gas exploration and development activities in a disputed area between its waters and offshore Ghana. The ruling paves the way for UK-headquartered Tullow Oil to continue with its TEN Project offshore Ghana…
An oil price below US$70/bbl will not be sustainable long term, according to Norwegian energy analysts Rystad Energy. Speaking at the firm’s offices in Oslo, senior analyst Audun Martinsen outlined how the firm sees current global liquids…
This year, Pakistan, Egypt, Jordan and Uruguay plan to begin importing natural gas via floating storage and regasification unit (FSRU) vessels. The vessels are a solution to the challenge of importing liquefied natural gas (LNG) into areas…
London headquartered oilfield services firm Petrofac says its loss on the west of Shetland Laggan Tormore project is to reach US$360 million in 2014-2015 amid delays and industrial action. Petrofac's work on the project, a 125km subsea…
Louisiana-based LLOG Exploration Co. began production from the Delta House floating production system (FPS) in the Gulf of Mexico. Delta House. From LLOG. Delta House is located in Mississippi Canyon 254…
Battered by the ramifications of rapidly declining oil prices, oil and gas company share prices continued to fall in 1Q 2015, but the share price declines have lagged behind the drop in oil prices, suggesting the market is pricing a recovery into the stocks…
China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…
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