Subsea
OceanWorks Upgrades Italian Navy ADS
OceanWorks International has announced a major system upgrade of the Italian Navy’s Atmospheric Diving Systems. Taking advantage of thruster improvements and upgraded electronic systems, the enhancements to the HARDSUIT System are focused in two main areas: – Thruster and buoyancy systems; – Electro
Tidal Lagoon Power First Tidal Member to Join Ocean Energy Europe
Ocean Energy Europe has announced that Tidal Lagoon Power has joined the association as its first tidal range member. Based in Swansea Bay, on the southern coast of Wales, Tidal Lagoon Power brings together an experienced team specialising in renewable energy and major infrastructure delivery, with
BMT Marks Growth in Revenues
BMT Group Ltd, an international design, engineering and risk management consultancy, has announced a solid financial performance for the year to 30 September 2013. Although market conditions have been challenging, BMT secured revenues of £163.3 million ($273.5 million) , an increase of 5% year on ye
ATR Expands to Meet Market Demand
ATR Group, the global equipment specialist, has invested £1 million ($ 1.67 million) in new equipment and almost doubled its UES (Underwater Engineering Services) workshop facility to meet a growing demand from the subsea sector. The expenditure in the Aberdeen-based Group’s marine and subsea projec
Sembcorp Marine Acquires Part of GraviFloat
Sembcorp Marine has entered into an agreement to acquire a 12% stake in GraviFloat AS for $4 million, with a right to increase its stake up to 20% by further equity injection. GraviFloat was formed to design, deliver and operate re-deployable, gravity-based, modularised LNG and LPG Terminals for ins
Rem Offshore Charters Two Vessels
Rem Offshore ASA has entered into a charter agreement with Micoperi Srl for the OSV vessel “Rem Pioneer”. The vessel is of MT 6022 L design, and will be delivered from yard 5(th) of June 2014. The charter has a duration of 10 months firm with further two yearly options. Start of the contract is afte
Petrobras’ Pre-salt Production Rises Four Per Cent
Petrobras oil production in Brazil in April averaged 1 million 933 thousand barrels per day (bpd), up by 0.4% from March’s production of 1 million 926 thousand bpd. Including the production operated by Petrobras for its partners in Brazil, the volume reached 2 million 34 thousand bpd, indicating a 0
AWE Begins Oi-1 Drilling Offshore New Zealand
AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, has reported the semi-submersible drilling rig “Kan Tan IV” started drilling the Oi-1 exploration well at 18:30 hours (6.30pm) NZDT on Friday, 30 May 2014. The Oi-1 exploration well is located approximately 12
Oilgen Moves to New Offices (UK)
Oilgen, a reservoir engineering consultancy, has moved to new offices in Aberdeen’s West End to accommodate the continued growth of the business across the globe. Oilgen, which specialises in high-tech reservoir modelling to forecast and improve oil and gas production, has moved to new offices in Ru
Benthic to Undertake Browse Field Seabed Geotechnical Investigation
Benthic, a global geosciences company, has been awarded a contract by Woodside Energy Ltd to undertake an offshore geotechnical site investigation for the proposed Browse Floating Liquefied Natural Gas Development off the North West coast of Western Australia. The survey will assist with further und
‘ShoreTension’ Mooring System in Software Simulations
Royal HaskoningDHV and ShoreTension Holding BV have developed innovative simulation software to predict the performance of the ShoreTension® dynamic mooring system for future users. ShoreTension® is a flexible stand-alone system that keeps the mooring lines of ships under continuous tension, thus ke
Three O&G Leases Awarded in GoM Area
Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Acting Director Walter Cruickshank have announced the award of the first three oil and gas leases in the Gulf of Mexico boundary area subject to the U.S.-Mexico Transboundary Hydrocarbons Agreement. The Transboundary Agreem
Karoon Sells Browse Basin Interest for $800 Mln
Karoon has entered into a binding Sale and Purchase Agreement with Origin Energy Limited for the sale of the Company’s 40% equity interest in Browse Basin exploration permits WA-315-P and WA-398-P for up to $800 million. Under the terms of the Agreement, the consideration payable to Karoon is struct
Det norske Acquires Marathon Oil Norge for $2.7 Bln
Marathon Oil Corporation has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil’s wholly owned subsidiary, Marathon Oil Norge AS, for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and inter