Hedge funds have sold the equivalent of almost half a billion barrels of crude oil and refined products in the last six weeks, as worries about slowing demand replaced earlier concern over sanctions on Iran.Hedge funds and other money managers…
Norway-based Electromagnetic Geoservices (EMGS) has announced that Christiaan Vermeijden had decided to resign from his position as CEO due to personal reasons.According to a stock exchange notification published by the company, Bjørn Petter Lindhom has been appointed as interim CEO of the Company…
A new anti-jamming antenna is designed to mitigate intentional and unintentional interference and jamming in challenging offshore environments.The VERIPOS GAJT-710-MS helps combat the growing threats of interference and jamming in the offshore…
Pay attention to what traders actually do, not what they say, is one of the most important principles for successful oil market analysis.Despite all the bullish commentary around oil prices in recent weeks, there was plenty of forewarning prices were primed for a setback…
Norwegian seismic services company Magseis has awarded subsea technology manufacturer Sonardyne International UK a contract for seabed node acoustic positioning technology to support an expansion in its deepwater survey activities. SST 6…
Sonardyne has delivered an acoustic positioning simulator for dynamically positioned (DP) rigs and ships to GE Power Conversion, a vessel control and automation company, for their new training school in Macaé, Brazil. The Sonardyne Marksman…
Norwegian seabed seismic services company Magseis has selected acoustic positioning equipment from Sonardyne International to support its upcoming deep water ocean bottom seismic survey of the Red Sea. Beginning this month and working in partnership with BGP on behalf of Saudi Aramco…
UTEC Survey has completed a significant ROV navigation and seismic node positioning project in deepwater Gulf of Mexico. The project, for seismic nodal technology firm FairfieldNodal, was undertaken in 2425m water depth. It involved…
Australia's safety regulator has published details of an incident which saw a dive vessel lose position while diving was active near a platform. The vessel drifted off location by about 40m and was initially noticed by the diver when…
Marine and offshore engineering consultancy Aqualis Offshore has signed a contract to provide position keeping services for the installation of the Ichthys LNG Project FPSO. Under the contract, Aqualis Offshore will manage the position…
Fugro has provided a spectrum of services to BP Trinidad and Tobago (bpTT) to allow safe drilling and completion of five subsea wells in an area of strong currents. The services include wellhead motion (fatigue) monitoring, metocean measurements and positioning services…
Kvaerner's executive vice president and CFO, Eiliv Gjesdal, has decided to step down from the role as CFO as of 6 April 2016. He will work with special tasks until his notice period ends 30 June 2016. 'Gjesdal started as CFO in Kvaerner…
Fugro has won a contract to provide offshore survey and positioning services at the Kaombo oil development offshore Angola. Under the contract awarded by Technip, Fugro will provide offshore deepwater survey and positioning services to…
Solstad Offshore Asia Pacific awarded iSURVEY’s Singapore arm a marine construction support contract for Solstad's 2016 pipeline and platform installation program in Thailand, onboard the derrick lay barge (DLB) Norce Endeavour. The Norce…
TE Connectivity (TE) announced a new Macro Sensors SSBR-937 Series CANBus LVDT Position Sensor with a CANopen interface compliant to CiA 443 for subsea instruments. The subsea CiA 443 LVDT position sensor…
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