Iceland, which issued its first offshore oil and gas exploration licenses this year, seeks to become a hub for subsea explorers from Greenland to Jan Mayen.Foreign Minister Ossur Skarphedinsson announced that Icelandic companies will probably follow oil-service provider Fafnir Offshore’s 7…
The merger earlier this year of Fugro's three UK-based environmental service providers to form Fugro EMU made it the largest organisation in the UK.Fugro EMU Limited, the largest commercial marine environmental services organisation in the UK…
Naval Surface Warfare Center (NSWC) Carderock engineers released a new software that provides the government, industry and academia a standardized method of analyzing data that is expected to improve high-speed craft design. The Standard…
The offshore industry’s highest achievers were recognized at the 2013 Offshore Achievement Awards, with Malcolm Webb, chief executive of Oil & Gas UK, picking up the Significant Achievement accolade.The 27th awards ceremony, which saw a record attendance of 530 guests…
Statoil (OSE:STL, NYSE:STO) published the group's Annual and Sustainability Report for 2012 on its website, 22 March, as well as its US Annual Report and accounts on Form 20-F.'During 2012, Statoil made good operational and strategic performance…
Beyond raising funds, President's Challenge champions the giving of time, knowledge and expertise to help the underprivileged - Keppel Corporation pledges 5,000 hours of community service and commits to mentoring social enterprises.President…
Singapore-based Otto Marine contracted to fabricate 4 pre-erected columns & pontoon blocks worth S$6.3-million.Otto Marine Limited, an offshore marine company which specialises in building complex offshore support vessels, ship chartering…
ABB appointed main electrical contractor for new semi-submersible central processing facility (CPF) at Ichthys oil & gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering…
BAE Systems’ shipyard in Alabama has begun construction on the first of two platform supply vessels (PSVs) for GulfMark Americas, Inc. Executives and employees from both companies gathered recently at the BAE Systems’ facility in Mobile to oversee…
Shell was a high bidder on 38 Gulf of Mexico blocks at the US Bureau of Ocean Energy Management (BOEM) Lease Sale 227.Shell continues to build upon a strong position in the Central Gulf of Mexico, bidding on a total of 43 blocks and exposed approximately $166 million…
National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement commenting on the proposed offshore revenue sharing Senate Energy bill: “NOIA thanks Senators Murkowski and Landrieu for continuing their…
Brazilian joint venture will use SmartMarine® Enterprise components for project with oil giant Petrobras.Tome Ferrostaal, a joint venture between Tome Engenharia and Ferrostaal in Brazil, has selected Intergraph® SmartMarine® Enterprise solutions…
ABB say its Onboard DC Grid will receive a 'Spotlight on New Technology Award' at the Offshore Technology Conference (OTC) May 6-9, 2013 in Houston.The awards honor innovative technologies for the oil and gas industry and related energy sectors…
Risk is at the heart of all financial transactions. That said; in cases of Mergers and Acquisitions, buyers and sellers of companies can and do have contrasting goals and very different notions of risk in a deal. Sellers often take their company or division to market in order to reduce risk…
Edda Accommodation, operated by Østensjø Rederi, order a mono-hulled accommodation vessel from Hyundai Heavy Industries.This next generation Offshore Accommodation Vessel, designed by Salt Ship Design, is 155 meter long and will have a total…
