A joint study by the UK oil and gas industry’s Technology Leadership Board, the Oil & Gas Technology Centre and the Oil and Gas Authority (OGA) has found that adopting data analytics and digital technologies for asset maintenance and operations could increase production and lower maintenance costs worth £1.5 billion annually to the UK Continental Shelf (UKCS).

The ABB Ability™ Marine Pilot Control dynamic positioning (DP) system, unveiled at the maritime trade fair SMM, simplifies ship maneuvering with an intuitive touchscreen-based user interface and enables safer, more efficient ship operations.

LAGCOE, a nonprofit energy industry organization focused on promoting commerce and connecting people through educational programs and a technical exposition and conference, announces it will host LAGCOE 2019 in New Orleans, Louisiana at the Ernest N. Morial Convention Center. The move allows strategic growth for the organization and increased industry participation in the biennial expo.

Paul Smith has been appointed group managing director at UTEC Survey (UTEC), one of the industry’s leading off- and onshore survey companies and part of subsea services group Acteon.

Brazil's state-owned oil company, Petrobras, one of the world's fastest-growing energy companies, has signed a contract with Stena Bulk for the chartering of its MR product tankers Stena Conqueror (47,000 dwt, built in 2003) and Stena Conquest (47,000 dwt, built in 2004).

2H Offshore, a riser and conductor specialist in subsea services group Acteon, has completed the first phase of the STREAM (STeel Riser Enhanced Analytics using Measurements) joint industry project (JIP) and has expanded the work into a second phase.

Petrotechnics, the developer of Proscient - the hazardous industries’ first software platform for Operational Excellence (OE), has released part one of its 2018 Operational Risk and Process Safety Management Report, which explores how far the oil price downturn and knock-on budgetary squeezes are affecting safety performance.

Transocean Ltd. and Ocean Rig UDW Inc. that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt.

Endeavor Management announces that the Decom JIP Phase II is now offered as part of the newly restructured and expanded DeepStar program.

Wärtsilä announces an official partnership with theDOCK Innovation Hub, an Israel-based maritime-focused startup accelerator, in a move it hopes will see the Technology giant connecting with the hottest local talent and emerging technologies within the marine sector. TheDOCK brings together maritime stalwarts and aspiring creative startups to deliver practical innovations for port, shipping and logistics operations.

Global subsea equipment specialist, Ashtead Technology, has underlined its commitment to continued growth with the appointment of Stephen Steele as corporate development director.

Okeanus Science & Technology (Okeanus), an established marine equipment and engineering services provider, has announced delivery of two Okeanus Model DT3030EHLWR winch systems to the Colombian Navy for magnetometer deployments.

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully delivered a significant contract to an independent oil and gas development and production company.

On September 2, the Visund Nord IOR (improved oil recovery) project came on stream, two months ahead of schedule. The project has further been delivered with no serious HSE incidents and well below budget.

Hydrex performs repairs at anchorage on any type of rudder or while the vessel is berthed without interrupting cargo operations. In most cases these repairs are permanent and do not require follow up.

Oil Balances Look Even Tighter for 4Q18