William Jacob Management Inc. (WJM) has secured its initial contract to complete the detailed engineering and design of its first mobile offshore support services vessel: the MOSS V. Illustration of the MOSS V…
Polarcus has announced the purchase of a complete marine seismic in-sea acquisition system (Streamer Package) from Dolphin Geophysical, for a price of US$11.5 million. The Streamer Package comprises 12 x 8100m active streamers and all peripheral in-sea equipment…
UK-based independent has now cut US$425 million off its North Sea Kraken heavy oil development budget as it looks to continue reining in costs. After initially shaving $300 million, or about 10%, off the project's original $3.2 billion costs…
Emerson Process Management has been awarded a contract to automate the Maersk Oil Culzean gas field development in the North Sea. Image of Culzean, from Maersk. Emerson will provide…
US supermajor Chevron is set to shave its budget by as much as 36% by next year, as the company approaches the finish line for global construction projects, and sets its sights on increasing production. Jack/St…
2H Offshore has designed and launched a new engineering critical assessment (ECA) software: FlawIQ. FlawIQ is a comprehensive tool that automates both BS7910 and API 579 procedures, making it faster and simpler to perform accurate fatigue assessments for offshore components…
Dutch firm Boskalis has signed a letter of intent (LOI) to acquire offshore activities from VolkerWessels. Under the offer, Boskalis will acquire maritime and offshore wind energy related activities of VolkerWessels, namely VBMS, Stemat and VSI (Volker Stevin International)…
For subsea separation and produced water re-injection or discharge to really take hold, technology gaps in subsea water quality measurement must be closed. Progress is being made, says NEL’s Ming Yang. Marlim Subsea Separation System…
Malaysia’s Petronas is pumping the breaks on its Petronas floating LNG 2 (PFLNG 2) project after the company suffered lower revenue and profit last year due to the low oil price environment. Image of the PFLNG 1…
Oil production in the US Gulf of Mexico (GoM) will reach record high levels in 2017, due to some 14 projects starting up during 2015-17, despite low oil prices. Anadarko's Heidelberg. Image from Anadarko…
The Bureau of Safety and Environmental Enforcement (BSEE) staff recently participated in the Alaska Regional Response Team (RRT) meeting to update attendees on BSEE’s Arctic spill response database project. Image from BSEE…
Marathon Oil is to reduce its conventional exploration spending to just US$30 million, down from more than $250 million in 2015 and from more than $500 million in 2014. The firm said exploration activity in 2016 would be limited to existing commitments in the Gulf of Mexico and Gabon…
Total may have taken an 18% hit in its net income compared to 2014, but the French company said it was “the best performance among the majors.” Image of Total CEO Patrick Pouyanne. From Total Twitter…
Denmark's DONG Energy will take over an offshore New Jersey wind lease previously held by RES Americas Developments that had been awarded to RES in an auction held by the US Bureau of Ocean Energy Management (BOEM) in November 2015. The New Jersey lease encompasses 160…
HAWXEYE, developed by Xodus engineers as an alternative to spreadsheets, is a cloud-based web app geared to screen assets for vibration, erosion and corrosion related issues. Complex data from monitors and piping and instrumentation…
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