Fossil Energy
Energid’s robotics software project for drilling operations moves forward
Energid Technologies has announced a new phase of development with Norway’s Robotic Drilling Systems AS, which secured significant follow-on investment from oil industry partners last week. Energid will continue to tailor its premier robotics software, Actin, to meet the needs of oil and gas driller
Orga Offshore to launch new digital offshore navigational aid system at OTC 2014
Orga Offshore has announced that the company will be launching its latest digital aids to navigation system at the Offshore Technology Conference 2014 at Reliant Park in Houston from 5-8 May. A world leader in the design and manufacture of marine navigational aids, Orga’s next-generation offshore pl
Fincantieri to use Aveva’s software for drillship Proxima
Fincantieri Offshore has signed a contract with Aveva to implement Aveva Marine software in the concept design phase of Proxima, a major offshore drillship project. Proxima is a revolutionary design with an innovative drilling system that significantly increases the speed of the drilling process. It
Chevron calls businesses to engage in STEM, promote engineering
Chevron Corporation, as part of National Science Week, has issued a call to action to other businesses to join the company in supporting project-based learning methods to increase engagement in Science, Technology, Engineering and Math (STEM) and promote engineering design thinking in classrooms acr
PSA: No obvious improvement in barrier management
Statistics from “Trends in risk level in the petroleum activity” (RNNP) reveal positive developments in many areas, but certain factors remain causes for concern. The RNNP is a unique tool for managing safety in Norway’s oil and gas center. The annual survey by the Petroleum Safety Authority Norway
POSH gets strong support in IPO
PACC Offshore Services Holdings Ltd. has received strong support in an Initial Public Offering on the Main Board of the Singapore Exchange Securities Trading Limited this year. Related: PACC Offshore Services Holdings files for IPO of up to $311M As at the close of the Public Offering at 12 noon on
Antrim completes subsidiary sale (UK)
Antrim Energy Inc., an international oil and gas exploration company, has announced that it has completed its previously announced sale of Antrim Resources (N.I.) Limited and settled its outstanding obligations under its Payment and Oil Swap agreements with Credit Suisse AG and Credit Suisse Interna
Damen gets ASD tug order from Scafi
Damen has reported that the company is to construct a new ASD 3212 tug for Scafi, the Italian shipping group that includes a number of international towing companies. The contract cements their already strong business relationship that goes back 20 years and represents the first Damen ASD 3212 for I
Huisman to present new crane type at OTC 2014
Huisman has announced that the company will be introducing a new patented crane type, the ‘Rope Luffing Knuckle Boom Crane’, during this year’s OTC. The first one will be installed on Subsea 7’s ‘Seven Arctic’. These new active heave compensated cranes provide unparalleled performance by combining t
Cameron reports record 1Q revenue
Cameron, a provider of flow equipment products, systems and services to international oil and gas industry, has reported earnings per share for the first quarter of 2014 of $0.75 excluding charges and discontinued operations. This compares to earnings per share for the first quarter of 2013 of $0.69
PetroChina’s production up 0.3% in 1Q
In the face of domestic and international situations, PetroChina Company Limited has focused on the development guidelines of “quality, profitability and sustainability” despite a slowdown in domestic economic growth and a weak market demand. As a result, the Company achieved steady operating result
FoundOcean, Delta SubSea team up
FoundOcean, Inc. and Delta SubSea LLC signed a strategic agreement today to provide subsea grouting and scour remediation services in Trinidad, Tobago, and Venezuelan waters. The two companies bring complementary services to the table, giving clients a true turnkey solution for pipeline scour remedi
Foxhol Yard launches Subsea Support Vessel
The new-build Subsea Support vessel, named MV Deep Helder, was launched at Foxhol Yard Groningen on 23rd April. The vessel will be equipped with Survey and ROV systems, an offshore crane and 3 moonpools. It will ready for operations by July this year. A total of 50 personnel can be accommodated on t
NGI, Plaxis jointly form XG Geotools
Today NGI from Norway and Plaxis from the Netherlands announce the establishment of their joint venture XG Geotools bv. XG Geotools will produce and market cloud based software tools tailored for design tasks in offshore geotechnical engineering. These tools will combine the in-depth subject knowled