Offshore

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

 Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached

BOEM, BSEE Find No Significant Impact from OCS Well Stimulation

The Bureau of Ocean Energy Management (BOEM) and Bureau of Safety and Environmental Enforcement (BSEE) today published a joint environmental assessment on the use

Topside-less Solution for Subsea Boosting

Voith and Funglesangs Subsea AS (FSubsea) signed a collaborative agreement to develop hydrodynamic variable speed drives for advanced subsea pump applications.

IMCA Revises ROV OPS Guidance

Technical developments and operational experience are fundamental to the latest revision of the International Marine Contractors Association’s (IMCA) ‘Guidance

Seatools Introduces Active Heave Compensation Module

Dutch subsea engineering company Seatools has introduced an intelligent active heave compensation module: HeaveMate, a system for new and existing offshore and subsea equipment such as winches,

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

Prosafe Appoints Interim Chairman of the Board

Prosafe, owner and operator of semi-submersible accommodation vessels, informs that its Chairman, Harald Espedal, has notified the company that he will step down

Norwegian Oil Spend to Shrink Further in 2017

Investment in Norway's oil and gas sector, a cornerstone of the country's economy, will continue to fall next year as weak crude prices curb oil firms' spending,

Kongsberg Tech for Peruvian Arctic Research Vessel

Kongsberg Maritime has been chosen to deliver an integrated subsea technology systems package including two HUGIN Autonomous Underwater Vehicles (AUV) for a new

Norway's Wealth Fund Okayed Shell CEO's Pay

Norway's $850 billion sovereign wealth fund, the world's biggest, voted in favour of the 2015 remuneration package of Royal Dutch Shell Chief Executive Ben van

Iran-Saudi Row Threatens OPEC Output Deal

No decision on output ceiling expected at June 2 meeting. OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.

Shell to Slash Another 2,200 Jobs

Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as

Oil Nudges $50 as Investors Bet on Shrinking Supplies

U.S. crude stocks down 5 mln barrels last week; drawdown due to lost Canada output, strong economy. Oil rose towards $50 a barrel on Wednesday for the first time in seven months,

Subsea Forestry: Separating The Wood From The Trees…

 Over the course of the last 20 years, oil and gas companies have cultivated a vast metallic forest beneath the world’s oceans, consisting now of some 5,800 installed subsea trees,

Primeline Turns Against CNOOC

 Primeline Energy Holdings Inc. announces that it has sent a letter to China National Offshore Oil Corporation (CNOOC) and CNOOC China Limited (CCL) (together CNOOC

Olympic Pact with Canyon Offshore

 Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of

Subsea 7 Awarded $1bn Wind Farm Offshore UK Deal

Subsea 7 S.A. informed today the details of the major(1) contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshore Windfarm Limited (BOWL)(2),

Statoil Cancels Rig Contract with Seadrill

Statoil has, on behalf of the Aasta Hansteen licence, has canceled the contract with Seadrill for the West Hercules drilling rig.     On contract with Statoil since January 31,

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