A recently formed subsea services business has secured private equity investment in order to buy a fleet of 32 remotely operated vehicles. Aberdeen- and Houston-based M² Subsea was able to buy the fleet from the administrators of failed…
Daniel Sack, of EMAS Chiyoda Subsea, has spent three decades in the oil and gas industry following and participating in the next big step changes in technology – one subsea project at a time. Audrey Leon found out more. Daniel…
More and more heavy oil is coming into production pipelines. Measuring it, in a multiphase flow, is a challenge, says NEL’s David Millington. Heavy Oil. Photos from NEL. Cost…
Offshore wind turbines have been successfully deployed in several European nations since 1991. Over the past five years, the US offshore wind industry has achieved major milestones. The US Bureau of Ocean Energy Management (BOEM) has awarded…
Enovate Systems’ Michael O’Sullivan and Stuart Ellison examine the US Bureau of Safety and Environmental Enforcement’s new well control rule and its implications for BOP casing shear rams. Photo from iStock…
EMAS Chiyoda Subsea’s John Meenaghan discusses challenges and solutions employed at three back-to-back tieback projects the company recently carried out in the US Gulf of Mexico The Lewek Constellation during reel exchange operations with the RB1…
Sky-Futures and Flyability have partnered up to bring to market a fully integrated solution for drone-based industrial inspection. The Flyability Elios is the collision-tolerant drone allowing access to complex and confined spaces where manned entry is not possible or desirable…
GE and Baker Hughes are teaming up to form the “new” Baker Hughes, a company that will be led by current GE Oil & Gas CEO Lorenzo Simonelli and have dual headquarters in Houston and London. Image of Simonelli…
ExxonMobil took a 38% decline in its Q3 2016 earnings, in addition to reducing its capital and exploration expenses by 45% during the period. Image from Exxon. The supermajor’s earnings for Q3 2016 took a US$1…
Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 MMb/d in 2015. Deepwater production, or production in water of depths greater than 125m, has increased 25% from nearly 7 MMb/d a decade ago…
US supermajor Chevron reported a 35% decline for Q3 2016 when compared to 2015, and an even more drastic drop when looking at its total earnings for the first nine months of the year. Big Foot…
ConocoPhillips reported a US$1 billion loss in Q3 2016, along with plans to reduce its capital expenditures. ConocoPhillips headquarters, from ConocoPhillips. Although the Q3 loss for ConocoPhillips was big…
Husky Energy President and CEO Asim Ghosh will retire, with Rob Peabody, Husky's chief operating officer will take over for Ghosh, effective 5 December. 'For the past seven years Asim has brought his extensive business experience and…
The Lake Erie Energy Development Corp. (LEEDCo) in Cleveland, Ohio has appointed Offshore Design Engineering Ltd. (ODE), an engineering and operations support services contractor that is part of the DORIS Group located in the UK, as the engineering representative for Icebreaker Wind…
Fugro has been awarded the contract by Vineyard Wind, formerly named OffshoreMW, to perform a marine geotechnical site investigation within its wind development lease, offshore Massachusetts. Fugro’s state-of-the-art, 105m drilling vessel M/V Fugro Synergy will perform the study…
Subscribe
