Wood Mackenzie has predicted upstream investment in East Africa will reach US$7 billion by 2018. Martin Kelly, head of Sub Sahara Africa upstream research for Wood Mackenzie, told delegates at the East Africa Oil and Gas Conference today…
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…
Shell announced that production has begun from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil’s southeast coast. The BC-10 project is comprised of several subsea fields which are tied back to the Espírito Santo FPSO vessel…
Aquatic Engineering & Construction Ltd, an Acteon company, has unveiled its 1500 te carousel (AQCS‐01‐1500) a powerful, modular drive system representing a significant capability extension for customers requiring installation or replacement of flexibles…
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…
Thalassa has agreed a deal to buy Go Science for £3.6 million from administrators. Go Science, which employs six people, provides mobile sensor grid services and products, in the UK and overseas, to the oil and gas, defense and homeland security sectors…
Barrier Group has acquired a 49% stake in a North East-based rubber product manufacturing company. The Wallsend-based company has bought the share in Tyneside’s Aquaseal Rubber with the aim of helping to expand the business’ presence in to wider markets…
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 and African regions…
A federal advisory committee tasked with improving extractive industry reporting transparency, will host a public meeting from 4-7 p.m. Tuesday, Sept. 24, at the Fire Fighters Conference Center, The Greer & Lowdermilk Conference Center, 4225 Interwood North Pkwy…
As part of SPE Offshore Europe 2013, ExxonMobil Fuels & Lubricants and Caterpillar Marine & Petroleum Division (CAT) joined forces for an interactive breakfast seminar, hosted by Offshore Engineer’s Paul Hutton. Maintenance and engineering…
Marathon Oil is to sell its 10% interest in deepwater Block 32 offshore Angola to Sonangol for about US$590 million. The firm also announced plans to repurchase US$1 billion of its common stock and buy about 4800 acres in the core of its south Texas Eagle Ford position…
Scandinavia’s oil and gas industry, focused on Norway and Denmark, is expecting a resurgence. Espen Erlingsen looks at trends in the sector. The North Sea is characterized by large, producing platforms with declining production. To stop the falling production in the North Sea…
C-MAR Group has highlighted the UK’s escalating skills gap as the most critical issue facing the UK industry today. Speaking as the industry gathered for the Offshore Europe Conference in Aberdeen today, Chief Operating Officer Peter Aylott…
UK Trade & Investment presented a varied session on petroleum investment opportunities in East and West Africa today, focusing on Kenya, Tanzania, Uganda, Mozambique, and Ghana. Mrs. Wanjiku Manyara, general manager of the Petroleum Institute of East Africa…
UK-based Groveley Detection Ltd. will join Emerson Process Management’s Rosemount Analytical business unit. Groveley was the first to develop a pieso-electric based ultrasonic gas leak detector engineered for extreme industrial applications…
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