Fairmount Marine’s powerful tugs Fairmount Sherpa and Fairmount Summit have towed FPSO Skarv Idun to the field in the northern Norwegian Sea after it was completed and prepared in Norway. Both tugshad already performed the tow of FPSO Skarv Idun from Korea to Norway earlier this year…
The 65 oil companies covered in DnB NO’s fifth annual E&P spending report expect a spending increase of 14% in 2011, 8% in 2012 and 7% in 2013. For 2011 we expect activity growth in line with last year; however, service costs are increasing…
Initial deal worth $165 million; $300 million for 6 additional newbuilds and another $500 million for acquisitions also approved. Harvey Gulf International Marine announced Saturday that it will sign a deal for three LNG vessels to be built by Signal Shipbuilding…
The most recent Loop Current eddy to halt operations in the Gulf of Mexico with 4.0+ knot currents shows no sign of letting up any time soon. In support of multiple projects, Horizon Marine has mobilized three of its ocean current monitoring systems to provide fine-scale monitoring of Eddy Hadal*…
The world’s demand for safe and clean energy continues to grow, with renewable sources playing an every greater role. Wind power generation, having expanding offshore, is now not only looking out but up. International renewable energy consultancy…
An exploration well and a sidetrack currently being completed by Statoil near Gullfaks South have yielded the third discovery made in the Gullfaks licence so far this year.This confirms yet again that infrastructure-led exploration is important…
FPSO OSX-1, the first floating production, storage and offloading vessel in OSX’s fleet, has concluded its conversion in Singapore and set sail for Brazil. The journey is estimated to take 40 to 50 days.The FPSO OSX-1 is commissioned to produce the first oil for itsclient OGX…
Industry and product experts will deliver thought leading perspectives for the shipyard.Cambridge, UK - 23 August 2011: AVEVA (LSE:AVV), a leader in engineering design and information management solutions for the plant, power and marine industries…
The Shipowners’ Club recently announced measures to reorganise its London branch. This included the setting up of two internal syndicates, bringing together both underwriters and claims handlers specialising in specific geographical regions…
More Than 20 Million Acres to be Offered for Exploration and Development in Western Gulf Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today…
Anadarko Petroleum issued a Letter of Intent to Technip for the engineering, construction and transport of a 23,000 ton Truss Spar hull for their Lucius field development. This field is located in approximately 7,100 ft.(2,165 m) of water, in the US Gulf of Mexico…
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today confirmed that agency personnel responded on August 16 to a report of a fatality at Energy Resource Technology's High Island (HI) Block A557 Platform A. This is…
Decom North Sea (DNS), the offshore oil & gas decommissioning forum, has commissioned research into the future labour and skills requirements for the growing decommissioning sector to try to alleviate predicted skills shortages in future.With…
Transocean Ltd. announced the following management appointments, effective immediately.Ricardo H. Rosa has been named Executive Vice President and Chief Financial Officer. Prior to being named to his current position, Mr. Rosa served as Senior Vice President and CFO…
Douglas-Westwood forecasts strong recovery in vessel demand. The World Subsea Vessel Operations Market 2011-2015 details expenditure set to grow 52%, totaling $72bn between 2011 and 2015. Lead author, Simon Robb, commented, “Project timetables are accelerating as confidence returns to the industry…
