Petrobras and ExxonMobil has signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

Leading subsea IMR provider N-Sea has announced the launch of Magsense, a vertical gradiometer array specifically designed for highly accurate Unexploded Ordnance (UXO) campaigns.

David Cedro has joined the Danos executive team as vice president of finance and administration, with responsibility for overseeing the company’s domestic and international administration, finance and accounting activities. James Callahan, who previously held the senior finance position, moves into a new role as vice president of project services.

Jumbo has signed a Letter of Intent (LOI) with China Merchants Industry Holdings (CMIH) for the provision of the detailed engineering and construction of a new DP2 Heavy Lift Crane Vessel (HLCV) estimated to be delivered in the first quarter of 2020.

BiSN is a leading provider of metal to metal downhole sealing solutions to the oil and gas industry, utilizing their groundbreaking modified thermite heater. They are breaking the mould of traditional elastomer seals and cement.

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully completed a multi-million pound contract with Maersk Oil UK, providing both subsea structure and pipeline inspection support in the UKCS.

U.S. Stock Deficit Slightly Widens

Danos has announced that it has safely completed a painting and coating project on the Shell-operated Olympus Tension Leg Platform (TLP) located in the Gulf of Mexico ahead of schedule and nearly $1 million under budget. The Louisiana-based paint crew worked 31,000 man-hours and painted nearly 50 square feet per day, which included suspended cleaning and painting activity on the platform’s underside.

ExxonMobil has announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

Trelleborg, the world leader in engineered polymer solutions, hailed the recent successful test of the Universal Transfer System (UTS) conducted with Connect LNG and Gas Natural Fenosa, as tangible evidence of the new applications that its suite of products for jettyless LNG transfer can unlock in this challenging field.

Landing String Solutions LLC signs agreement with Trelleborg’s offshore operation for Trelleborg to manufacture its patented landing string buoyancy system featuring 100% composite materials. Through this agreement, both companies are aiming to market the solution to a wider customer base globally.

Ampelmann, a global leader in offshore access solutions, has created, in cooperation with Seaway Heavy Lifting, an industry first innovation allowing workers safe and efficient access to install the jackets for 84 wind turbines on the Beatrice Offshore Windfarm Limited project in the Outer Moray Firth.

Statoil and Queiroz Galvão Exploração e Produção (QGEP) have completed their transaction announced in July 2017, whereby Statoil has acquired QGEP’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of USD 379 million.

150+ senior well intervention experts will get together in March at the Mövenpick Ambassador Hotel in Accra, Ghana, to discuss their well intervention and P&A strategies in a bid to increase efficiencies and reduce the cost of both deepwater and shallow water projects.

Statoil has signed a contract with SBM Offshore for delivery of the turret mooring system on the floating production ship (FPSO) for the Johan Castberg field. The contract is an exercise of an option in connection with the conclusion of a FEED contract with the same company.

Chevron Corporation (NYSE:CVX) has announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies.