Latest News

McDermott International, Inc. announced a sizeable* contract award by PEMEX Exploración y Producción for subsea pipeline flowline installation in support of its Ayatsil field, located 50 miles northwest of Ciudad del Carmen in the Bay of Campeche offshore Mexico.

Woods Hole Group, Inc. announces its new location at 107 Waterhouse Road, Bourne MA 02523. The move also is home the company previously known as Horizon Marine, Inc., which merged with Woods Hole Group in January.

GulfSlope Energy, Inc. announces that it has the Rowan Ralph Coffman jack-up rig under tow in the Gulf of Mexico to the Vermilion Area, South Addition Block 378. The Company plans to commence drilling operations at the Canoe Prospect by August 1, pending final rig inspection and drilling approval from the Bureau of Ocean Management (“BOEM”).

Crowley Maritime Corp.’s new container/roll on-roll off “ConRo” ship El Coquí successfully delivered its first cargo from Jacksonville, Fla., to the company’s modernized Isla Grande Terminal in San Juan yesterday – a historic milestone in the company’s transformation of its U.S. mainland-Puerto Rico logistics services.

Kvaerner has delivered yet another steel substructure for the largest industry project of our time, the Johan Sverdrup field. This is the third of the three jackets Kvaerner delivers for phase 1 of the project. All platform substructures are delivered at the appointed time. During the project, Kvaerner has improved the process for this kind of deliveries, thus new substructures can now be delivered at a cost even lower than in 2005.

Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed a partnership agreement to develop a robot-based technology for in-service inspection of cargo oil tanks of FPSOs.

Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn. A Rystad Energy review of the performance of their recent projects against those of other operators shows that the three European oil giants have outperformed their peers.

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