Cargotec's MacGregor has entered into an agreement to acquire Aker Solutions' mooring and loading systems unit for an enterprise value of approximately EUR180 million. The unit, known by the Pusnes brand name, provides mooring equipment…
Geoprediction firm Ikon Science has acquired the software, services and intellectual property of Bergen headquartered Terra Geotech AS. Eamonn Doyle, the founder of Terra Geotech, has joined Ikon Science as VP real-time operations, bringing…
Abu Dhabi-based subsea engineering and diving services firm DCN Global has been bought by Fugro Subsea Middle East. The company, which will be renamed Fugro Subsea Services (Middle East), has primarily operated in the Middle East, Caspian…
Life-saving equipment firm Viking has bought a major stake in IT startup Saatsea. The firm, which will be renamed Viking Saatsea, provides cloud-based onboard training and competence management systems to industry. It was set up…
Three styles of modular fluid distribution manifolds were launched by Parker Hannifin. Two of the manifolds, the Hi-Pro Distribution Manifold (up to 6000 psi) and the Hi-Pro Air Header Manifold (up to 800psi), are based on ball valves for quick on-off control…
MacArtney introduced the new LUXUS Compact Low Light Camera, designed for use in harsh and turbid conditions, where light is limited or artificial. The housing for the LUXUS Compact Low Light Camera is made from sandblasted titanium and features a depth rating of 4000m…
Kazakhstan's Kashagan oilfield has resumed production after its latest delay, a shutdown on September 25 following the detection of a gas leak. Discovered in 2000, it has taken 13 years and approximately $50 billion before production started on September 11…
Production has begun on RWE Dea UK's Breagh gas field in the UK Southern North Sea, the German operator announced on October 14 2013. The first three wells brought into production had an initial total flow rate of 2.75 MMcm/d of natural gas…
Petroleo Brasileiro (Petrobras) completed its semisubmersible P-55 floating production, storage and offloading (FPSO) vessel nearly six years after it was contracted. It passed testing and certification in the Rio Grande dock (ERG-1). The…
J. Michael Yeager, the former head of BHP Billiton Ltd. (BHP's oil and gas division), was named CEO of Maverick Drilling & Exploration Ltd., an explorer based in Australia and focused on the U.S. Don Henrich will retire as Maverick’s…
Colloquy: Editor's Column Many stakeholder programs benefit from oil industry funding and local community approval gives oil companies a social license to operate. Just before the Offshore Europe conference in Aberdeen, I discovered the…
Norsafe ASA has set a new world record for freefall lifeboats, dropping its own GES52 model from a height of 66.8m (220ft). The GES52 freefall lifeboat is 52ft long and has a capacity for at least 70 persons of 100kg. Norsafe says the boat will be certified for heights up to 51m…
Over the past week, the government shutdown has steadily crept into more sectors of the oil and gas industry. The Energy Information Administration (EIA) shuttered today, sending a message to subscribers at 1 pm ET that it would furlough…
Houston-based Annova LNG, LLC, has filed an application with the US Department of Energy (DOE) to receive authorization to export domestic LNG to free trade agreement (FTA) countries. While the Office of the United States Trade Representative…
Statoil ASA is extending its production stoppage in the Njord oilfield, located in the Norwegian Sea, to reinforce a drilling platform. Production was originally halted on July 27 due to some small deformations found in some beams and other structural elements in the deck framing…
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