Offshore

Partners Deliver Modular Floating Tidal Energy Platform

A group of offshore companies, including Bluewater, Damen and Van Oord among others, has partnered for a floating tidal energy platform a project to generate clean electricity,

Turkish Navy Performs Submarine Rescue Training

Last week Turkish Navy demonstrated its underwater search and rescue capabilities by using an atmospheric diving suit (ADS). According to the training scenario

InterMoor Completes Red Hawk Spar Decommissioning Work

InterMoor, an Acteon company, has completed its contract supporting the decommissioning of Anadarko Petroleum Corporation’s Red Hawk spar in the Gulf of Mexico.

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

Experimental Floating Wind Farm Nears Installation

Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

National Oilwell Profit Up on Rig Systems

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit as its rig systems business readied more oil and gas wells for production.

Nigeria Kidnappers free German National

Nigerian gunmen have freed a German citizen working for construction firm Julius Berger less than a week after they kidnapped him and killed another German citizen in a raid on their vehicles,

Russia to Seize Bashneft Shares

Russia moved to seize shares in Bashneft from a billionaire businessman on Thursday over what a court said was the oil producer's "improper privatisation", deepening

ConocoPhillips Sheds Nigeria Asset, 3Q Profit Up

ConocoPhillips, the largest U.S. independent oil company, reported higher third-quarter profit on Thursday, lifted by the sale of its Nigerian business. Over the last several years,

First Libra Offshore Oil Well Confirms Discovery

  Libra consortium reports that drilling the first well in the area extension of Libra, the 3-BRSA-1255-RJS (3-RJS-731), confirmed the discovery of good quality

Maersk Interceptor Named in Norway

  In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det norske) had

Aquarius MAS with Marine Solar Power Installed on Delos

 Eco Marine Power together with strategic partners has installed an Aquarius Management & Automation System (MAS) integrated with a marine solar panel array on-board the Blue Star 'Delos'.

Trio of LR Senergy Experts Present at SPE

Three experts from global-leading energy services company, LR Senergy, have participated in the Society of Petroleum Engineers’ (SPE) Annual Technical Conference

WindSentinel Survives Major Storm off Portugal

AXYS Technologies Inc (AXYS) said that the EDP Inovação (EDPi)  WindSentinel floating LiDAR system has survived a major storm that ravaged  the coast of Portgual near Viana do Castelo on October 16,

SMC to Provide Marine Coordination for Siemens

Specialist Marine Consultants Ltd (SMC) have been working with Siemens, providing offshore marine coordination for a fifth Siemens Wind Power construction project.

Wellube Supplies Seal Plugs for Pipeline Isolation Work

A division of Unique Maritime Group (UMG), Unique Wellube, was contracted by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the supply and engineering of mechanical

MacArtney Sells FPSO Slip Rings to OneSubsea

MacArtney has received an order from OneSubsea for Moog Focal oil and condensate gas FPSO slip rings. The order also includes cables and associated junction boxes.

Hess 3Q Net Income Soars on Asset Sales

Oil and gas producer Hess Corp said on Wednesday its quarterly net income more than doubled due in part to gains from recent asset sales and a production jump in North Dakota's Bakken shale formation.

OPEC: Don't Panic Over Crude Prices

Fundamentals do not reflect "this low price" - Badri. U.S. oil output will slow in 2018-2020, saysO PEC. There is no need to panic at the recent drop in oil prices,

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