Offshore Energy

The Future of Well Intervention

Herrenknecht and Ulstein are due to present their vision of the future of heavy well intervention at the Offshore Energy 2015 exhibition in Amsterdam this week.

Subsea 7 Employs Sonardyne’s Acoustic and Inertial Navigation

Subsea engineering, construction and installation company, Subsea 7, has made use of acoustic and inertial navigation technologies from Sonardyne International Ltd.

Ocean Energy Committee Members Selected -BOEM

The Bureau of Ocean Energy Management (BOEM) announced that the National Academies of Sciences, Engineering, and Medicine have selected 14 experts to serve on the

Jee Secures Contract Extension with BP

Independent multi-discipline subsea engineering and training firm Jee Ltd informs it has secured a contract extension with BP for the provision of integrity management

Climate Qualms Mean Oil Will Never be Used Up - BP

Concerns about the climate change impact of burning the world's remaining oil resources mean the reserves will never be fully exploited, BP Chief Economist Spencer Dale said on Tuesday.

Ocean Installer in BP frame deal

 Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region.   The agreement covers subsea fabrication,

Ulstein Debuts DP Construction Vessel

With the ULSTEIN S182 design, ULSTEIN introduces a new dynamically positioned multipurpose construction vessel suitable for shallow water operations. Main design

Floating Tidal Energy Platform Up and Running

The first months of operating the BlueTEC tidal energy platform have been a success, according to the BlueTEC Texel Tidal partnership: with every tidal flow, the

Statoil Starts Subsea Gas Compression at Gullfaks

Statoil with partners Petoro and OMV have started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.​ The unique technology

Oil Up on Kuwait Minister Remarks

Both crude oil benchmarks trade close to $50 a barrel. Kuwait oil minister tells Reuters he sees prices rising. Oil prices rose on Monday after Kuwait's oil

Saudi, Norway Sovereign Funds shedding European Shares

The three biggest sovereign wealth funds of oil-producing countries have been selling European equity holdings since May, a study showed on Monday, another sign

Vroon Laying up 12 OSVs

 The Netherlands-based Vroon Offshore Services has decided to pull 12 offshore-support vessels out of operation, saying the move is a “direct result of the ongoing

ISF New Maps Show Renewable Opportunities

  The Institute for Sustainable Futures (ISF) at the University of Technology Sydney has released its first set of maps showing opportunities for renewable energy

Petrobras Likely Lost More Than $5 Bln to Corruption

Corruption-related losses at Brazil's state-run oil firm Petroleo Brasileiro SA will likely surpass 20 billion reais ($5.3 billion), federal prosecutor Deltan Dallagnol said on Friday.

US Senators Introduce Bill to Limit Offshore Drilling

A group of U.S. Senators on the West Coast have introduced a bill Wednesday aiming to prohibit offshore drilling on the outer continental shelf of California, Oregon and Washington.

Delek Buys $66 mln Stake in Ithaca Energy

The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday.

Oil Set for Best Week Since 2009

Brent set to rise 12 pct this week; PIRA forecasts oil at $70 at end-2016. Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.

Oil Strengthens, Discounts Goldman Gloom

Timespreads for West Texas Intermediate (WTI) and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

NOVATEK 3Q Operational Update

  OAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2015. In the third quarter 2015, NOVATEK’s marketable production totaled 17.

Borets Appoints Business Development Manager

Borets, a company that engineers, manufactures, sells and services electric submersible pump (ESP) systems, has appointed Nicholas P. Boyaci as the business development manager,

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