Bureau of Safety and Environmental Enforcement (BSEE) Director Michael R. Bromwich delivered remarks today during the International Association of Drilling Contractors’ Drilling and Production Keynote Breakfast here. Director Bromwich discussed…
According to the International Energy Agency’s Monthly Oil Market Report, global demand for oil usage has been adjusted slightly downward, as persistent economic uncertainty and sustained high oil prices have simultaneously thwarted demand’s previous trek upward…
Grandweld Shipyards commemorated the delivery of the second of three 41M crew boats in a ceremony held at Grandweld facility in Dubai Maritime City. This marks Grandweld’s seventh delivery in 2011. Global Queen, an advanced version of the 41m crew boat…
It has been more than 16 months since the Deepwater Horizon incident on April 20, 2010 which resulted in the deaths of 11 and injuries to 17 men working on the platform and the discharge of approximately five million barrels of oil. The well was finally capped on July 15…
British tidal energy company, Marine Current Turbines Ltd, announced that Siemens is increasing its share in the company to 45%. “With this increase in its stake, Siemens is strengthening its activities in ocean power generation. We will actively…
Aberdeen-based Veripos, the leading supplier of GNSS positioning services to the world offshore industry, has appointed Angus Scott as Regional Manager of its Europe, Africa and Middle East (EAME) division. Reporting to company Managing Director Walter Steedman…
Tidewater Inc. announced today a second quarter net loss for the period ended September 30, 2011, of $4.9 million, or $0.09 per share, on revenues of $250.9 million. For the same quarter last year, net earnings were $19.4 million, or $0…
RBG, the leading provider of assess, inspect and repair (AIR) services to the global energy industry that was recently acquired by Stork Technical Services (STS), has enhanced its subsea service capability with the launch of two purpose-built dive intervention craft (IC)…
Transocean Files Motion for Summary Judgment in U.S. Federal Court to Compel BP to Honor Its Contractual Indemnity Obligations Transocean Offshore Deepwater Drilling Inc. (TODDI), a subsidiary of Transocean Ltd., today filed a motion for…
RBG, the leading provider of assess, inspect and repair (AIR) services to the global energy industry that was recently acquired by Stork Technical Services (STS), has appointed Sandeep Sharma as its new finance director.Mr Sharma is responsible for leading RBG’s global financial management…
Statoil ASA and Brigham Exploration Company (NASDAQ: BEXP) announced that an entity controlled by Statoil, Fargo Acquisition Inc., has commenced the previously-announced tender offer for all of the outstanding shares of common stock, par value $0…
Statoil's third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. 'Statoil delivered strong financial results in the third quarter of 2011, reflecting operational…
Ocean Power Technologies, Inc. (Nasdaq: OPTT) launched of a new technology initiative to enhance the efficiency of its patented PowerBuoy wave energy systems under its existing “WavePort” project. OPT will be working with a consortium of European…
Statoil and its partners in the Troll licence on the Norwegian continental shelf (NCS) decided in September to invest NOK 11 billion in two new compressors on Troll A. The two new compressors will enable Statoil to produce gas even faster and…
Major new project increases safety and reduces risk of flow line installation.Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals…