MWCC to Deploy Capping Stack in Gulf of Mexico.The Bureau of Safety and Environmental Enforcement (BSEE) has initiated the first ever drill designed to deploy critical pieces of state-of-the-art well control equipment to the ultra-deep seabed…
Obama Administration announces 20-million acre oil & gas lease sale offshore TexasAs part of President Obama’s all-of-the-above energy strategy to expand safe and responsible domestic energy production, Secretary of the Interior Ken Salazar…
CNOOC Limited (SEHK: 00883, NYSE: CEO) and Nexen Inc. (TSX: NXY, NYSE: NXY) announced today that they have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for $27.50 per share in cash…
The Gulf Economic Survival Team today commented on the House Natural Resources Committee’s mark-up of H.R. 6082, a bill that seeks to replace the President’s “Five-Year Plan” for Outer Continental Shelf (OCS) oil and gas leasing.“We applaud…
GAC Shipping UK has completed the successful installation of the Conwy platform 40 miles off the port of Liverpool, only two months after a tug carrying the rig's jacket and topside – each weighing in at over 700 MT – set off from Rotterdam…
Offshore drilling activity on the UK Continental Shelf (UKCS) rose 64% during Q2 2012 compared to the same period last yearWorld Oil informs that industry figures in a Deloitte report documents drilling and licensing across North West Europe between April 1 and June 30…
Higher salaries paid in the expanding offshore sector are putting wage pressure on other industry segments like classification societies and port state administrations, employment consultant Spinnaker Consulting says.“With demand for personnel continuing to grow in the offshore sector…
Rolls-Royce signed a £10 million contract with Simon Møkster Shipping for a wave piercing offshore vessel with a new bow design that will go into service for Statoil in the Arctic region. The vessel is designed to pierce through the waves under harsh weather conditions…
Aker Solutions has acquired the Norwegian companies Subsea House and SSH Engineering and plans to further expand and recruit 50-100 people in Stokke, located in the Vestfold county of Norway.The transaction value is undisclosed. Subsea House and SSH Engineering…
Offshore drilling activity on the UK Continental Shelf (UKCS) rose 64% during the second quarter of 2012 compared to the same period last year, according to the latest industry figures released by Deloitte.The report, which documents drilling…
While it seems that half the world is monitoring the oil and gas exploration activities of Royal Dutch Shell (Shell Oil) on the United States outer continental shelf (OCS) in waters of the Chukchi and Beaufort Seas off the north coast of Alaska…
Krill Systems, which provides Vessel Fuel Measurement and Monitoring Systems (VFMMS), reports success in the installation and sea trial of Krill VFMMS systems on-board three support vessels operating as part of the Shell Alaska Arctic offshore drilling project…
Pipeline engineering company, STATS Group, has appointed Angus Bowie as Regional Director for the Middle East North Africa (MENA) in a move which heralds a major expansion in the region.Mr Bowie was previously Technical Director and has…
Every year the International Marine Contractors Association (IMCA) produces an annual report of safety statistics (covering fatalities and injuries) supplied by members.“Safety statistics are a useful insight into the performance of a company and industry sector in the areas of health…
Kvaerner has announced the signing of an agreement to sell its on-going downstream focused operations and related assets of the entity known as EPC Center Houston to IHI E&C International Corp, a US subsidiary of the Japanese company IHI Corporation (IHI)…
