Oceaneering International, Inc. has announced that it has been awarded contracts by Baker Hughes, a GE company (BHGE), and partner in the consortium for the Oil & Natural Gas Corporation of India (ONGC) KG DWN 98/2 deepwater field development in the Bay of Bengal, to supply subsea umbilical control systems. Oceaneering's scope comprises the subsea umbilical control systems to allow production of gas from fields U and R, and oil from fields A, P, and M.
Port Canaveral cargo operations notched another milestone as the brand-new chemical/oil products tanker Hafnia Guangzhou made its inaugural North American call last week, arriving at the Port’s North Cargo Pier 2 to discharge 375,000 barrels of jet fuel at the Seaport Canaveral, USA fuel storage terminal.
McDermott International, Inc. has announced it recently received unsolicited approaches to acquire all or part of Lummus Technology, McDermott's industry-leading technology business, with valuation exceeding $2.5 billion. Based on the receipt of these approaches, McDermott is exploring strategic alternatives to unlock the value of Lummus Technology while maintaining the strategic rationale of engineering, procurement and construction (EPC) pull-through.
An important milestone for renewable energy has been reached with the official opening of the MAKO Tidal Energy Site at the Sentosa Boardwalk.
Ducatus Partners, a global executive search and leadership consulting firm serving the energy, private equity and infrastructure industries, has bolstered its expanding North American team with the appointment of a new Partner, Jason Miller.
Heavy-lift jack-up vessel Innovation, one of DEME’s DP2 installation vessels, left Damen Verolme Rotterdam shipyard in early September 2019 following a major refit. Innovation spent several months in the Verolme shipyard undergoing renewal of its aft leg sections and an overhaul of its jacking motors.
High-Temperature LVDT Position Sensors from New Tek Sensor Solutions perform in applications with extreme temperature environments where other position sensing technologies such as encoders, magnetostrictive sensors and potentiometers cannot survive.
Energi Coast, the North East of England’s offshore wind cluster, has welcomed the government’s announcement that six UK offshore wind projects have won Contracts for Difference (CfD), which will create new opportunities for the region’s established and diverse supply chain.
BMT, a leading international design, engineering, science and management consultancy, has sold its UK-based SMART business to GreenSteam, a majority owned company of BP. The marine efficiency software solutions provider is reputable in leveraging Machine Learning methodologies and next generation fuel saving platforms to stimulate the sustainable development of Shipping and World Sea Trade.
VARD, one of the major global designers and shipbuilders of specialized vessels, announces that it has signed an agreement to provide a state-of-the-art stern trawler to Russian deepwater fishing company Luntos Co. Ltd. The vessel, a VARD 8 02 design, will feature a range of innovations to ensure optimal productivity, sustainability and operational efficiency, delivering high performance in the most demanding environmental conditions.
Leading underwater inspection provider, Welaptega, has used its pioneering optical chain measurement system (CMS), complete with new automated edge tracking software, to execute a mooring inspection campaign for BP offshore Angola in very challenging subsea conditions.
UK authorities announced on September 20, that Equinor and its partner SSE were awarded contracts to develop three large scale offshore wind projects in the Dogger Bank region of the North Sea. This will be the world’s biggest offshore wind farm development with a total installed capacity of 3.6 GW. The projects are expected to produce enough energy to power the equivalent of 4.5 million UK homes.
ECOsubsea, the Norwegian cleantech firm with a unique hull cleaning technology has won contracts to clean in North European ports of Antwerp and Zeebrugge thanks to the technology’s ability to remove all hull fouling from the water.
Almost all segments in the oilfield service sector showed gains on a quarterly basis in the second quarter of 2019, according to a recent analysis by Rystad Energy. The only exception was the land drilling segment, where revenues fell by 7% compared to the previous quarter. The decline in land drilling is driven by decreased revenues in the United States where the drilling activity is slowing down. Industry players see increased oil price uncertainty and E&P spending cuts underlying the slowdown.
Equinor announces the sanction of a waterflood project in the St. Malo field in the US Gulf of Mexico.
On September 16, Equinor and its partners started production from the Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea. The project is delivered without any personal injuries, ahead of schedule and 25% below the cost estimate.
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