Despite the recent memorandum of understanding (MOU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating liquefied natural gas (LNG) projects in Russia, according…
The oil and gas industry is responding to the low oil price environment with exploration budget cuts in 2015 which will average 30%, leading to suggestions that exploration activity could be significantly curtailed. However in an effort to drive value…
The MacArtney Group is premiering its latest feats of innovation and system development within the realm of underwater technology with the brand new NEXUS MK VII multiplexer. The group says that the NEXUS MK VII is a highly versatile HD and standard video…
Kristian Siem was early in his career when in 1978, with the market at rock bottom, he formed an investment group to take a punt on a rig. Now 65, the founder and chairman of Siem Industries, and chairman of Subsea 7 and Siem Capital, as well as director of a host of other companies…
LR Senergy and EnergyOne formed a strategic alliance to support business development in Norway and internationally. LR Senergy’s Norway business, Senergy, has been acquired through a management buy-out and will now trade under the company name of EnergyOne AS…
Adapting to current cost conscious market conditions was the recurring theme of the Aker companies'* open day for investors last week (17 March). Edvard Grieg at Stord yard. Photo from Kvaerner. It…
For the 2014 financial year, VIKING Life-Saving Equipment A/S has again managed to lift both its top and bottom line to record levels. Turnover grew 7% to US$250 million, and pre-tax profits reached $26.5 million – an increase of 30%. VIKING’s…
Royal Boskalis Westminster N.V. (Boskalis) increased its stake in Fugro to 25.1%, just four months after acquiring 14.8% in the company. Image from Boskalis. In a statement, Boskalis…
An American data analytics and risk assessment firm based in Jersey City has bought Edinburgh, UK-based energy and mining industry analyst Wood Mackenzie. Verisk Analytics has agreed to buy the firm for US$2.8 billion from owners Hellman & Friedman and other Wood Mackenzie shareholders…
Phase 12 of the giant South Pars gas field has been brought online in a ceremony involving Iranian president Hassan Rouhani. Phase 12, described as the biggest phase of the development of the South Pars field, officially launched operation…
National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement in advance of tomorrow’s Gulf of Mexico offshore oil and gas lease sale: 'This sale will be interesting due to low oil prices, which just dropped further this week…
The global offshore accommodation market has seen significant growth over the past five years, with persons on board (PoB) requirements increasing by 27% between 2009 and 2014. Although the recent oil price decline has negatively impacted the accommodation market to some extent…
CNOOC Ltd. announced that its Qinhuangdao 32-6 comprehensive adjustment project has commenced production. The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an average water depth of approximately 20m. The…
The recent downturn in oil prices is expected to have minimal direct impact on Gulf of Mexico (GOM) crude oil production through 2016 because of the long timelines associated with GOM projects, according to a new report by the US Energy Information Administration (EIA)…
Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal…
Subscribe
