Statoil recently halted production on the Statfjord C platform off Norway after a “limited” oil leak in to the Norwegian Sea. No injuries were reported by the firm, but its 270 crewmembers were boarded lifeboats until the leak was identified and stopped…
Chinese oil firm CNOOC says it is planning to invest RMB 105 billion (US$17.35 billion) to 120 billion ($19.82 billion) on projects during 2014. Nexen Inc, bought by CNOOC in early 2013, will account for about 19% of the spending. Overall…
Fundy Tidal Inc.'s turbine project in the Bay of Fundy, off Nova Scotia. www.fundytidal.com
PTTEP and Pertamina agreed to form a 50:50 joint venture to buy Hess’ assets offshore Indonesia for US$1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
Emerson creates new reservoir modeling software Emerson Process Management released Roxar RMS 2013, the latest version of its reservoir modeling software. RMS 2013 includes model-driven interpretation capabilities and new solutions for seismic…
Schlumberger released the Vx Spectra surface multiphase flowmeter, which enables operators to obtain flow rate measurements in production testing and permanent monitoring. The Vx Spectra 19mm monitors low-rate producing wells down to 30 b/d…
EV launched its Optis HD Electric line camera, which provides vital diagnosis to the well intervention market. It has the capacity to stream color video at a maximum of 25 frames per second. The new camera features improve speeds and picture…
Petrobras' partners in the BC-10 development, also known as Parque das Conchas, have finalized a buyout worth approximately US$1.6 billion for the Brazilian national's 35% interest in the project. Shell will pay $1 billion for its additional 23% interest…
Ceona's high-capacity flexible/umbilical pipelay and subsea construction vessel the Polar Onyx has been floated out of dry dock at Ulstein Verft yard in Norway following an intensive outfitting program. It has now moved to the shipyard quay…
Conductor Installation Services Ltd (CIS), an Acteon company, launched a new service line: Subsea Piling services, which coincides with CIS’s new Subsea Piling system, a remotely operated system that the company developed to drive piles as large as 36in diameter…
Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…
International tidal technology and project developer Atlantis Resources Limited bought MeyGen, Europe’s largest tidal power project. Atlantis already held 10% of the company developing the project, MeyGen Limited. It has now bought…
T.D. Williamson Offshore Services (TDW) introduced the Clamp Installation Tool (CIT), a lightweight, remote-controlled system that installs any proprietary clamps or fittings on subsea pipelines in need of repair or to prepare for tie-ins to new pipelines…
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…
Subscribe
