Singapore-based marine and offshore engineering firm Sembcorp Marine has agreed entered to buy a 12% stake in Norwegian firm GraviFloat for US$4 million, with a right to increase its stake up to 20%. GraviFloat was formed to design, deliver and operate re-deployable…
Bernard Herman van Bilderbeek, CEO of Plexus Group, explains how its friction-grip technology can be applied to subsea wellheads Since early 2000, the US Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), formerly the Minerals Management Service (MMS)…
Standard coring methods often yield incomplete reservoir fluid information. Doug Kinsella, managing director of Corpro, describes a new coring system that provides better information while saving rig time. Deepwater finds are now playing a crucial role in replacing global reserves…
Maersk Oil launched the web-only video game Quest for Oil early this summer with the aim of making the oil and gas industry more accessible. OE discusses the strategy behind the game with CEO Jakob Thomasen. Maersk Oil launched the video game…
Maersk launched a new computer game called Quest for Oil, which the company designed to open the oil business to everyone. Quest for Oil is the first game of its kind and with the convergence of forces, innovation and technology. Maersk…
Newcastle University is to lead a national centre for subsea and offshore engineering as part of a major drive to develop new materials and technologies to explore the world’s oceans. The Neptune National Centre for Subsea and Offshore Engineering…
Germany's Lufthansa continues to beef up its international oil & gas routes with the launch of Airbus A380 service between Houston and the company's Frankfurt hub. Russell McCulley was invited along for the inaugural flight.Lufthansa flight 440 departed Frankfurt Airport 1 August…
Having consolidated all its coring activities under the one brand and under the stewardship of Doug Kinsella, the Reservoir Group is now billing Corpro as the world’s largest coring provider. Corpro was in the group’s original line-up when it was created five years ago…
With 22 active heave compensated (AHC) cranes ranging from 10t to 250t currently operational on its vessels and another 17 on order, French offshore service provider Bourbon Subsea Services considers itself something of an authority on AHC crane capabilities…
Increased economic activity, more jobs and a 70% rise in spending are predicted for the Gulf of Mexico offshore oil & gas industry by 2013 – provided permitting returns to pre-moratorium levels. Katie Jernigan looks at the region’s latest economic impact analysis…
Under a memorandum of understanding with Petrobras, Cameron plans to invest $30 million in R&D facilities at two Brazilian locations. The company's Jacarei plant will add testing capabilities, including a hyperbaric chamber, along with a highpressure…
Cape Wind clears another hurdleAnother challenge to its long-delayed quest to become the US’s first offshore wind farm was successfully fought off by Cape Wind as federal regulators in August upheld an earlier decision that said the project posed no threat to airways…
firmsHouston-based Deep Down is acquiring offshore industry syntactic foam flotation products and insulation materials provider Cuming. Total price for the acquisition including the assumption of certain liabilities is $50 million.The newly…
In 2007, OGX was but a dream of Brazilian entrepreneur Eike Batista. In the course of three short years, the company secured financing for leases, bid on and won shallow water blocks, secured drilling rigs, hired about 150 staff, tallied six…
Each new year brings with it a new round of industry prognostication. So what does 2010 hold in store for offshore? A lot of hand-wringing, for one thing, reports Russell McCulley.--As Gary Adams, US oil & gas leader for Deloitte, put it recently…
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