Trendsetter Engineering, Inc. announces that a contractual agreement has been reached with BP International Limited on a Global Master Frame Agreement to deliver subsea drilling, production and intervention equipment; as well as specialized design engineering and technical services.

Damen Shipyards Group will be presenting its new design of Shoalbuster to the maritime market during the upcoming Seawork Marine and Workboat Exhibition in Southampton next week. Damen has developed the new 27 metre long, 11 metre wide vessel in response to recent Maritime Labour Convention (MLC) changes concerning crew accommodation capacity.

Fortune 500^® science and technology leader Leidos and international energy consultancy Xodus Group are joining forces on a new North America offshore wind alliance, bringing a wealth of expertise to the growing industry. The move will leverage Leidos’ extensive renewable capabilities with Xodus Group’s 14-year track record in offshore European energy projects.

Current Events Have Huge Impacts on Price Ranges

Oil Market:

Crude oil prices are range-bound. Yes, they bob up and down like a cork in the ocean, but all that movement does little but provide traders with miniscule profit-taking opportunities. In reality, oil prices are waiting for events to unfold that will provide clarity about future oil supply and demand.

As industry interest in hydrocarbon exploration offshore East Africa increases, attention is turning to frontier areas in the region such as the West Indian Ocean. At first glance, this area looks like a barren oceanic crust with little potential, but there is tantalising evidence to suggest otherwise. CGG geoscientists have been sifting through the evidence to re-evaluate opportunities offshore East Africa and in the West Indian Ocean.

Atlantic Shores Offshore Wind, LLC (Atlantic Shores) has entered into a Memorandum of Understanding (MOU) with Rutgers University to advance ocean research and monitoring that will support offshore wind development. The 5-year cooperative agreement term will initiate this summer and help to bolster on-going efforts at the Rutgers Center for Ocean Observing Leadership (RUCOOL).

Exploration performance in Norway has dropped significantly in the last five years, reflecting a deterioration of quality of the prospect portfolio. Despite this, a dramatic increase in high impact drilling is planned for 2019 – results will be a key test of Norway’s ability to sustain exploration into the future.

Wood has secured a new contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.

C-Kore Systems announces the recent deployment of their 200th Subsea Testing Unit. This landmark event occurred during an umbilical installation operation off the coast of Australia.

Trelleborg’s offshore operation will exhibit at the Congreso Mexicano del Petroleo (CMP) in Leon, Mexico, showcasing its latest solutions including passive fire protection and thermal insulation materials for the Gulf of Mexico region.

Damen Shipyards Group will be present at the fourth annual US Offshore Wind 2019 Conference and Exhibition on 10-11 June 2019 in Boston, Massachusetts. Damen’s attendance reflects the company’s belief in the enormous potential of offshore wind in North America.

TDI-Brooks International, Inc., along with Maxon Consulting (who provides the regulatory and interpretative reporting components), has completed two Environmental Baseline Studies (EBS) for ExxonMobil offshore Guyana. The first program in South Kaieteur consisted of 30 water samples (10 locations x 3 depths), Conductivity, Temperature and Depth (CTD) at 10 locations, sediment samples and drop camera photography. The second program in Southeast Stabroek consisted of 60 water samples (20 locations x 3 water depths) with Conductivity, Temperature and Depth (CTD), sediment sampling (box cores) and drop camera photography.

ExxonMobil and its partners says they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest.

W&T Offshore, Inc. has provided an operational update regarding the successful drilling of the Gladden Deep well in the deepwater of the Gulf of Mexico and the awarding of leases from the federal lease sale held earlier this year.

Sustainable Marine Energy has recently concluded the first phase of testing of their 280kW floating, instream, tidal energy platform in Grand Passage (between Long Island and Brier Island, in Digby County, Nova Scotia). The platform was installed in September 2018.

Global safety products manufacturer and service provider VIKING Life-Saving Equipment has won a contract to supply CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, with personal protective equipment (PPE) and servicing for approximately 16,000 passengers annually flying to and from the company’s platforms in the North Sea.