Fossil Energy
Chariot begins offshore survey in Morocco
Chariot Oil & Gas Limited , the Atlantic margins focused oil and gas exploration company, has, in conjunction with its partner, ONHYM (25%), it has started a 1,700km2 3D seismic survey across its areas of interest offshore Morocco. The Company has contracted Dolphin Geophysical AS to carry out the
Construction of world’s largest semi-submersible platform moves ahead
The INPEX-operated Ichthys LNG Project has announced a major milestone for its Central Processing Facility (CPF). The first dry dock hull block erection was yesterday celebrated with a ribbon cutting ceremony in the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, where the CPF is bein
Energy Navigator’s latest tool helps operators track expenditure
Energy Navigator has announced the release of AFE Nav 8.0, the latest version of its all-in-one AFE workflow and capital tracking system. AFE Navigator was one of the first systems to allow oil and gas exploration and production companies to electronically create, monitor, manage, approve and audit
Solberg: Reduced reservoir utilisation not a viable option for cutting costs
Norwegian Prime Minister Erna Solberg today addressed the attendees of the Subsea Valley Conference in Fornebu, Norway. The Prime Minister highlighted the importance of the oil & gas sector to the Norwegian economy, praising competence and technology as Norway’s main competitive advantages. However,
Murphy Oil declares quarterly cash dividend
The Board of Directors of Murphy Oil Corporation today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.3125 per share, or $1.25 per share on an annualized basis. The dividend is payable June 2, 2014 to holders of record May 16, 2014. Murphy Oil Corporation is a
Sierra Hamilton buys GeoPro. Expands into sphere of exploration
“This acquisition gives Sierra Hamilton another asset to bring to our clients in the industry and helps make a more powerful partner.”
Reach Subsea, MMT enter Joint Venture deal
Reach Subsea ASA (Reach) has signed an agreement with MMT in Gothenburg for cooperation on Offshore Survey and ROV services. The collaboration has already resulted in multiple operations for the vessel Stril Explorer and the companies have bid on number of tenders. Reach and MMT also collaborate on
US Navy veteran to lead Harkand’s Gulf of Mexico diving operations
Fast-growing global inspection, repair, maintenance (IRM) and light construction company Harkand has made a key appointment by securing industry veteran Mike Brown as general manager of diving services in North America. A US Navy veteran, Brown has considerable experience of commercial diving in the
Douglas Westwood: AUV fleet to reach 825 figure by 2018
Douglas-Westwood (DW) forecast that the global AUV (autonomous underwater vehicle) fleet will increase 42% in the 2014-2018 period, compared to the previous five years. The fleet is forecast to total 825 units in 2018, led by strong demand in the military sector. The military sector makes up 50% of
Eni CEO and President of Mozambique talk about exploration
The President of the Republic of Mozambique, Armando Guebuza, and Eni’s CEO, Paolo Scaroni, met today in Bruxelles for an update on Eni’s activities and projects in the country. During the comprehensive meeting, Paolo Scaroni illustrated the progress made in terms of exploration; following the compl
Take this O&G industry safety survey
UK flowmeter specialist Litre Meter has launched the first in a series of oil and gas industry safety surveys that will be introduced throughout 2014. The survey is designed to enable manufacturers and re-sellers to test assertions about functionality and construction and quality of manufacture. The
Seacon sold for $490 M
TE Connectivity Ltd. has announced that it has signed a definitive agreement to acquire the SEACON group, a leading provider of underwater connector technology and systems, for $490 million in cash. The SEACON group serves the military marine and sub-sea sectors for remotely operated vehicles, auton
Dutch Prime Minister visits Navingo Maritime & Offshore Career Event
Dutch Prime Minister Mark Rutte was present during the opening of the Navingo Maritime & Offshore Career event Wednesday morning April 2nd in Rotterdam, the Netherlands. He had visited the HAM 316, a trailing suction hopper dredger, at Van Oord, earlier that same morning. The career event, organised
SeaBird’s Aquila Explorer hired for 2D survey
SeaBird Exploration Plc has announced that Aquila Explorer has been awarded a contract for a 2D survey in the Australasia region. The duration of the contract is approximately 50 days and with a value of approximately USD 5.5 million. SeaBird is a global provider of marine acquisition for 2D/3D and