New ships today are no more efficient than they were over twenty years ago, despite shipping industry claims to the contrary. The efficiency of new ships has deteriorated by 10% on average since 1990. The study also shows that containerships built 30 years ago already…
ABB announced today acquired Gomtec GmbH to expand its offering in the field of collaborative robots. The parties agreed not to disclose financial terms of the transaction.Gomtec, based near Munich, Germany, is a privately held company that develops mechatronic systems combining mechanical…
Rosneft as part of Sakhalin-1 Consortium has successfully completed drilling of the world’s longest well at the Chayvo field.O-14 production well was drilled with Orlan drilling platform in direction of the field’s south-eastern point…
Maritime and Port Authority (MPA) of Singapore said that Singapore bunker fuel sales rose 5.34% month on month and up 12.33% year on year, to 3.58 million mt in March reports Platts. The vessel arrivals in Singapore for bunker fuel rose to 3…
In 2014, ASRY Offshore Services completed every one of its repair scopes within schedule, on-budget, and with leading safety standards. ASRY, a ship and rig repair yard in the Arabian Gulf, has confirmed that its Offshore division, which specializes in rig repairs…
The Australian Renewable Energy Agency (ARENA) today announced up to $20 million for a new research and development (R&D) round dedicated to industry-partnered projects that seek to develop and commercialise renewable energy technologies…
Incat Crowther reported it has opened an office in Europe.Located in Southampton, United Kingdom, the office has been created to support a growing European client base and meet the demand for Incat Crowther’s products and services in the region…
Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry.The WellSep…
Two safety and survival systems developed for use in the UK’s offshore sector by the Survitec Group were recognised for their industry-leading importance when they won the Safety Innovations Award in the recent Offshore Achievement Award organised by the Society of Petroleum Engineers (SPE)…
The U.S. Navy Military Sealift Command cargo ship Cape Intrepid lost power and drifted in the Strait of Juan de Fuca for about 3 miles before a tug intervened to take control of the vessel on Saturday. The 685-foot Navy-contracted cargo…
Schlumberger announced today that the Petrel* E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been successfully completed for staff at the company’s business unit in Aberdeen…
To better capitalize on the growing importance and excitement of data analytics and to drive innovation to support customers, Caterpillar Inc. today announced the formation of a new division, Analytics & Innovation (AI), which will be led by Caterpillar Vice President Greg Folley…
Six Greenpeace activists rappelled down from an oil rig in the Pacific Ocean on Saturday after spending six days living on the structure to protest against drilling in the Arctic, the environmental organization said.The multinational team climbed aboard Polar Pioneer…
The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc oil spill in the Gulf of Mexico, the New York Times reported on Friday…
Emco Wheaton has appointed Daniel Gheorghiu as Supervisor of Engineering Services in Canada. A graduate of the University of Toronto, Gheorghiu brings more than 20 years’ experience in technical design and mechanical engineering to the new role…
