Aberdeenshire-based ROV solutions provider, Aleron Subsea has boosted its track record by recently taking part in a salvage project in the Atlantic Ocean, utilizing its AUXROV subsea system.

DOF Subsea has been awarded two new ROV contracts by Petrobras in Brazil for ROVs to be installed on board Skandi Angra and Skandi Paraty. The new contracts start in April 2018 and end in September and November 2020, respectively.

MacGregor, part of Cargotec, has signed an agreement to acquire Rapp Marine Group (RMG) in order to strengthen its offering for the fishery and research vessel segment.

McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) have announced that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation ("EPCI") service offering and market leading technology portfolio.

The technology group Wärtsilä has agreed to retrofit the world’s first energy storage solution on board a large offshore supply vessel. The North Sea Giant, one of the world’s largest and most advanced subsea construction vessels, will be fitted with an energy storage system that reduces the vessel’s energy consumption, operating costs and exhaust emissions.

The Global Marine Group (GMG), a market leader in offshore engineering services to the telecommunications, renewables and oil & gas industries, announces the launch of Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil & gas sector.

Tiger Rentals Group, LLC (together with its affiliated companies, “Tiger Rentals”), a leading global oilfield and industrial equipment rental and services company, has completed the acquisition of the equity of Production Management Industries (“PMI”) from Superior Energy Services.

Global subsea equipment specialist, Ashtead Technology has successfully delivered an advanced subsea laser scanning project for Subsea 7 on Chevron’s Captain field located in the UK North Sea.

In response to a Presidential Order to reduce undue burden on industry, the Bureau of Safety and Environmental Enforcement (BSEE) completed a comprehensive review of the Production Safety Systems regulations.

Ecosse Subsea, the parent company of subsea technology specialist, Ecosse Subsea Systems, (ESS) has more than doubled turnover to £27.7m and increased underlying earnings according to annual accounts lodged at Companies House.

Libyan Pipeline Explosion Portends Rising Security Risks to Oil Production

On December 26, a pipeline explosion disrupted flows from Waha Oil Company fields to the Es Sider terminal on Libya’s central coast.

Aker Solutions has won orders from Aker BP for the Skogul and Valhall Flank West oil fields offshore Norway.

Saipem has signed a contract with Eni Angola S.p.A. in relation to the West Hub Development project in Angola, which incorporates the work orders previously assigned and communicated in 2016 and 2017 and adds the scope of work for the development of the Vandumbu field in Block 15/06.

Ultra Deep Solution has entered into a 5-year Charter agreement involving the DSCV Van Gogh DNV-GL class. Red Tech Offshore out of Malaysia who are an integrated Decommissioning Subsea Contractor have executed this charter with UDS.

Wintershall, and its licence partners Petoro and Spirit Energy, have started production at the Maria field one year ahead of schedule. Costs have been reduced by more than 20% compared to plan.

The oil and gas industry has just 18 months to upgrade critical release hook systems on offshore lifeboats to meet new regulations imposed by the International Maritime Organisation (IMO) to improve safety at sea.