Norwegian private equity group HitecVision AS is to invest US$92.6million in Singapore-based Energy Drilling Pte Ltd. The deal will see Hitecvision take a majority stake in the company and it will ensure delivery of Energy Drilling Pte…
Petroceltic International has said its Cobalcescu South-1 exploration well in the Romanian Black Sea will be plugged and abandoned as non-commercial. The well was designed to test a prospect located in the southwestern part of the Est Cobalcescu (Block EX-28…
Engineering group AMEC has been awarded the hook up and commissioning (HUC) support contract for GDF SUEZ E&P UK Ltd’s Cygnus gas field development. The HUC support contract for the four Cygnus platforms follows on from a front end engineering…
Petroleum Geo-Services (PGS) says it has completed the first full-scale simultaneous acquisition of towed streamer EM and 2D GeoStreamer seismic. The program consisted about 3000 line km of seismic and towed streamer EM data, acquired over a four week period this summer…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
Makai Ocean Engineering received a $3.6 million contract from the Hawaii Natural Energy Institute and the Office of Naval Research for research and design on the marine renewable energy known as Ocean Thermal Energy Conversion (OTEC). Makai…
South Korea's STX Offshore & Shipbuilding Co. Ltd. launched SCF Melampus, the first of two ice-class LNG carriers ordered by Sovcomflot OJSC. The first vessel is to be delivered in late 2014; the second in early 2015. STX signed the $400million contract to build the two 170…
The Arctic is one of the few areas remaining with large finds to be made. In order to operate and develop fields in the Arctic, new technologies are needed and are being developed, from ice-management systems to innovations in drilling. The…
Halvorsen Kanfa-Tec recently finished and shipped four 20MW Circular Waste Heat Recovery Units (WHRU) to Mexico. The highly efficient WHRUs, in terms of weight and volume, will be utilized by Pemex in the Cantarel Complex in the Gulf of Mexico…
Norway's Halvorsen Group AS, specializing in providing topside processing equipment and engineering services to the international offshore oil & gas industry, is planning further expansion following a substantial strategic investment from Blue Water Energy…
A government-commissioned report into the future of the UK’s oil and gas industry has recommended the creation of a new industry-funded arms-length regulatory body with powers similar to those seen in Norway and the Netherlands. The…
Ireland’s next Atlantic Margin oil and gas exploration licensing round is to be announced following a review of the country’s oil and gas fiscal terms, due to be completed early 2014, the country’s government has announced. The round is scheduled to open in April 2014…
Businesses have only four weeks left to enter the Offshore Achievement awards, organised by Society of Petroleum Engineers (SPE) Aberdeen section and supported by Offshore Engineer. The awards, which are open to UK-registered companies operating in the renewables or oil and gas industries…
Allseas Group is to build a second single-lift platform installation and decommissioning vessel that will exceed the lifting capacity of its Pieter Schelte unit by 50%. The new vessel will be able to remove all platform topsides in the North Sea…
Laissez les bons temps rouler. Deep in the heart of Louisiana oil country, US representatives from two Asian trade organizations made the case for local investment at the 2013 Louisiana Gulf Coast Oil Exposition (LAGCOE), held in Lafayette…
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