Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration programme that was completed recently offshore Kenya.

Statoil awards Simon Møkster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoil’s area-wide emergency response on the Norwegian continental shelf (NCS).

Trelleborg’s offshore operation in Skelmersdale in the U.K., has been certified for the design of its Bend Restrictor Reaction Flange under the American Petroleum Institute’s specification for flexible pipe ancillary equipment (API 17L1 Ed. 1 2013). Having acquired the design review certification for the standard bend restrictor element in 2016, Trelleborg’s complete bend restrictor product is now API 17L1 certified.

Leading international energy logistics provider Peterson has signed a teaming partnership agreement with Port Cameron LLC, to develop a state-of-the-art port and supply base facility in the Gulf of Mexico. Peterson will provide logistics consultancy services to support the planning and initial development of Port Cameron, a 500-acre deepwater staging port situated in Cameron, Louisiana, serving the Gulf of Mexico.

Olympic Shipping has chosen Kongsberg Maritime’s new K-Walk integrated vessel gangway solution for installation aboard the Multipurpose Offshore Vessel (MPSV), Olympic Orion.

ELA Container Offshore GmbH announced the development of a new offshore container type: a 10 m x 3 m wide, high-cube accommodation container with interior hallway and two cabins. The first 24 containers of this new type have already been built at the premises in Haren, Germany. ELA Offshore managed to deliver all required containers from scratch in only 3 months from project kick-off, including design and development up to turnkey delivery on an offshore converter station in the German North Sea.

Another Large U.S. Stock Build

Fugro has secured its continued utilisation of high performance offshore IRM vessel, REM Etive, and has finalised a purchase agreement at conditions significantly more beneficial than a renewed charter agreement, with owner Solstad.

BOURBON announces its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6” rigid pipeline as part of the Hylia Water Injection Project using Zap-Lok® technology. This award reflects BOURBON's capacity to offer integrated services and light turnkey projects to major oil & gas companies.

Global demand for liquefied natural gas (LNG) reached 265 million tons (MT) in 2016 – enough to supply power to around 500 million homes a year. This included an increase in net LNG imports of 17 MT.

Brazil and Tanzania are two countries at very different stages of oil and gas development – Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising discoveries by majors including Shell and Statoil.

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that Roderick A. Larson, who currently serves as Oceaneering’s President, has been designated to succeed M. Kevin McEvoy as Chief Executive Officer (“CEO”), immediately following Oceaneering’s 2017 Annual Meeting of Shareholders, which is scheduled to be held on May 5, 2017.

Ulstein and SeaOwls have launched a pioneering heavy-lift jack-up vessel design. The cruciform structural lay-out makes the solution more than 10% lighter than conventional designs. The concept aims to install the next generation 10-12 MW wind turbines in the same time frame as used today for installing 6-8 MW units.

Forum Energy Technologies, Inc. (NYSE:FET) has announced that as part of a long planned transition its Board of Directors appointed Mr. Prady Iyyanki as President and Chief Executive Officer, effective May 16, 2017. Mr. Iyyanki currently serves as President and Chief Operating Officer. Mr. C. Christopher Gaut, the current Chief Executive Officer, will become Executive Chairman.

BHP Billiton announced on February 9, that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.

Samoco Oil Tools, a leading developer of tools for the oil and gas industry, has announced the launch of OneTrip® to greatly reduce the time and costs associated with mandatory Blowout Prevention (BOP) testing. The company collaborated with Shell Offshore Engineering to engineer, manufacture and test the new tool.