A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday…
Technip has been awarded a substantial (1) EPIC (2) lump sum contract by BP Trinidad and Tobago LLC for the development of the Juniper project, to be located off the South East coast of Trinidad.The scope of work consists of design, detailed engineering…
CWind, a provider of integrated services to the offshore wind industry, announced the appointment of Kurt E. Thomsen to lead its global sales team.Kurt, who was a major influence in the development of the crane ship concept, was one of the…
Transocean Ltd. informs it has received a decision by the United States District Court for the Eastern District of Louisiana on phase one of litigation related to the April 20, 2010 Macondo well incident involving the Deepwater Horizon. Key…
A U.S. judge has decided that BP Plc was 'grossly negligent' and 'reckless' in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U…
Oil major BP said on Thursday it will appeal a U.S. court decision that found it grossly negligent with respect to the Gulf of Mexico 2010 oil spill and added the court will hold additional proceedings due to begin next January.BP said it…
North Sea decommissioning will undoubtedly have an impact upon operators and suppliers alike. What is not so widely understood is the sheer scale of opportunity that will arise from the decommissioning phase, and how companies can plan to make the most of those opportunities as they arise…
Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.Created in Houston, Texas, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe…
Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development. Zentech’s President Ramesh Maini noted on August 28, “All the…
Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.The settlement, which includes legal fees, is subject to approval by the U…
Greenpeace's ship, the Esperanza, is still on station in the Arctic to expose renewed Norwegian efforts to drill for oil in this pristine environment.Last week Greenpeace successfully headed off attempts by an oil company to complete controversial seismic testing…
As part of a large-scale summer Arctic research expedition 'Kara-Summer - 2014' a meteorological station was installed that meets the latest modern requirements for such equipment, on the island of Uedinenie. Thus, the expedition organized by…
IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term.The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished…
Lamprell today announced its financial results for the first half of 2014, reporting results ahead of expectations due to strong operational performance and early results from savings initiatives, generating improved margins.Revenues rose by $125…
Bibby Offshore announced its continued international expansion with the opening of an office in Stavanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier.Bibby Offshore has a leading subsea services position in the U…
