SPEX Group, an Aberdeen-based provider of technology solutions and services to the oil and gas industry, won an excellence award for its success in the Technology Innovation category and was jointly named rising star at the Scottish regional judging of the PwC / HSBC Private Business Awards 2013…
Baker Hughes launched their MPRESS™ drilling fluid system, which allows operators to reduce stand pipe pressure and apply more horsepower to the bottomhole assembly and drill bit, increasing rates of penetration and decreasing non-productive time…
Autonomous Surface Vehicles (ASV) won the second phase of the recent SBRI competition to develop a long endurance marine unmanned surface vehicle (LEMUSV). ASV will undertake the detailed production design, build, commissioning and sea trials of a fully operational…
AW-Lake Company launched its SABRE Turbine flowmeter for the subsea market. To keep the electronics dry and in a pressure-regulated environment, the meter was designed with integral, sealed electronics, allowing more valuable real estate in the subsea electronics module canister…
VIKING Life-Saving Equipment introduced a new dual-approved thermal lifejacket with broad appeal for the offshore and commercial shipping industries operating in harsh, cold environments. The PV9720 has been tested and approved according…
Precision Polymer Engineering (PPE) broadened its range of advanced sealing. The new products are a range of spring seals—elastomer seals which incorporate a spring and are suitable for applications encountering high pressures, high temperatures or aggressive media and environments…
Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. 'Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy…
Germany’s Raytheon Anschütz launched a new generation, maintenance- free gyro compass. The Horizon MF is a strap-down compass system that uses hemispherical resonator gyros (HRG) to measure angular rates for heading calculation. The system…
Aberdeen-based Nautronix enhanced the functionality of the Nautronix NASDrill USBL acoustic positioning systems by incorporating a new transducer design. The company used its acoustic digital spread spectrum (ADS2) signaling technology to house the hydrophone within a ruggedized…
With the latest seismic and drilling technologies, the Cardamom development is expected to deliver new production from the deep waters of the Gulf of Mexico to existing infrastructure. Nearly two decades after setting a world water-depth record for drilling and production…
All eyes are on Mozambique as significant natural gas finds are set to turn the East African country into a major LNG player, but are oil riches on the horizon? Mozambique’s prolific Rovuma basin holds 12 offshore discoveries within a 50km radius…
Oil and natural gas production in May On May 18, 2013, Petrobras set a new pre-salt production record, with output of 322,100 bo/d. 11,000 bo/d up from the previous record of 311,500 bo/d set on April 17, 2013. In addition to encouraging figures for pre-salt production…
ONGC Videsh Ltd. (OVL) and Oil India Ltd. (OIL) have agreed to purchase Videocon Mauritius Energy Ltd.’s 10% share in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US $2.47 million. The acquisition will give OVL 60% stake and OIL 40% stake in Area 1…
Engineering and construction firm Foster Wheeler has bought Aberdeen-based upstream consultancy Ingen Ideas. Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments…
IKM Consultants has taken over Poseidon Consulting Services (PCS) after buying 100% of its shares from Siemens in Norway. Poseidon, which mainly focusses on subsea and pipeline work, has about 150 staff, which will be taken in to IKM's business…
Subscribe
