Offshore

Fincantieri Offshore Chooses AVEVA Software

One of the world’s largest shipbuilders uses AVEVA software to design next-generation drillship. Fincantieri Offshore has signed a contract with AVEVA to

IHC Merwede Strengthens N. American Presence

IHC Merwede has strengthened its North American operations and reinforced its presence in Houston, Texas with a strategic appointment at the IHC Merwede America Corp.

Norway's Oil Sector May Face More Project Cuts, Delays

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling.

Wind Farm Operator Theolia to Refinance Bond

French wind farm operator Theolia said it was looking at several options to refinance a 126 million euro ($174.2 million) convertible bond, which it would be unable

Noble Energy Q1 Profit Drops 23 Percent

Oil and natural gas producer Noble Energy Inc posted a 23.4 percent drop in quarterly profit on Thursday due in part to hedging losses and a jump in income taxes.

GulfMark Offshore Records its Highest Ever Q1 Revenue

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever,

The Future of Arctic Drilling: 90 Billion Barrels & Counting

Royal Dutch Shell announced at the end of January that it would suspend all drilling activity in Arctic waters off Alaska due to a “multibillion-dollar scaling back of new projects.

Offshore Oil & Gas: Brazil’s Northern Frontier

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon

Safety the Focus as Heavy Lifting Picks Up

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that

Azeri Shipyard, BP Sign Vessel Construction Contract

Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project,

New Malaysian Offshore Gas Pipeline Safely Tested

T.D. Williamson (TDW) announced that as the result of a pressure isolation carried out on a major export gas pipeline offshore Malaysia, the pipeline was safely

Rosneft Mulling Angola Oil Projects

Russia's oil producer Rosneft said on Wednesday its delegation in Angola has discussed possible participation of the Kremlin-controlled company into exploration

BP Gulf Spill Trial Set For January

  The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday,

AAE-1 Cable System Comes into Force

The AAE-1 Consortium, owners of the Asia-Africa-Europe-1 submarine cable spanning approximately 25,000 km connecting Asia, Middle East, Africa and Europe; and TE SubCom, a TE Connectivity Ltd.

North Sea Maintenance Offsets Lack of Sales to Asia

North Sea Forties crude differentials were unchanged on Tuesday in light trade, supported by upcoming North Sea maintenance, but the forward curve weakened due

MTR April 2014: Editor's Note

While the Offshore Oil & Gas markets continue to push further from shore in ever-deeper waters, the need for proven technology to work more efficiently in increasingly

Decom North Sea Appoints New Chief Executive

The Board of Directors at Decom North Sea (DNS), the offshore oil and gas decommissioning forum, announced the appointment of a new chief executive to lead the

Helix “Off to a Good Start” in 2014

Helix Energy Solutions Group, Inc. reported net income of $53.7 million, or $0.51 per diluted share, for the first quarter of 2014 compared to net income of $1.

Saipem: A Fleet Grows in Brazil

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems.

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