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First Subsea invests £250,000 in Metrology and Test EquipmentBall and taper connector specialist, First Subsea has invested £250,000 in new metrology inspection, test equipment and training for the manufacture of the Canrig SureGrip Automated Casing Running Tool and new product development at its Lancaster factory. Full text |
Working Underwater - No Problem
Haugesund Simulatorcenter buys FGRL’s DeepTouch
Offshore Solutions Wins GDF SUEZ 'Grand Prix de L'Innovation' Award
New Oil Spill Containment System to Protect Gulf of Mexico Planned By Major Oil Companies
TGS Expands Multi-client Seismic Library in Offshore Greenland
Seatronics invests in multibeam sonars from R2Sonic
Balmoral earns rapid recognition for international efforts
EnerMech Powers Ahead With £11 Million Norson Acquisition
Spectrum's Big Wave expansion boosted by Obama lease proposal
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A new study to be published shortly by energy business analysts Douglas-Westwood, “The World Deepwater Market Report 2009-2013” forecasts that, despite current oil price concerns, the deepwater oil & gas sector will spend an average of over $27 billion annually during the period 2009 to 2013. Full text
ExxonMobil announced today that the Sakhalin-1 project has earned the Excellence in Project Integration Award from the committees and sponsoring societies of the International Petroleum Technology Conference (IPTC). Full text
On 1-3 December, Uruguay Energy Ministry and ANCAP, the National Oil Company, will launch the offshore licensing round for exploration and exploitation of gas and oil. The blocks on offer, lie in the Punta del Este and Pelotas basins, where water depths range from 50 to 1500 meters, as well as another basin further offshore called Oriental Del Plata. The blocks’ areas range from 2,500 to 10,000 square kilometers. Full text
Schlumberger today officially opened a new facility for subsea well control to address the growing deepwater market. The facility, named the Well Control Centre of Excellence, is located at the Testing Services base outside of Aberdeen. Full text
A thriving North East engineering company is creating 40 new jobs as part of an ambitious £3.2 million expansion plan. With its existing 40,000 square foot Team Valley site already operating to capacity, Express Engineering has taken on an additional 18,000 square feet of manufacturing floor space. Full text
Lundin Petroleum today announce that in the United Kingdom's 25th Licensing Round it was awarded six exploration licences of which five are operated licences. The licence interest ranges from 25 percent to 100 percent. Full text
With increasingly frequent mention of recession and credit markets shutting up shop it was inevitable that oil prices would turn south. At present, oil markets are focused solely on demand and playing a waiting game to see how the situation unfolds with respect to economies that have driven recent demand growth such as China. Full text
Retaining the UK’s position at the cutting edge of the subsea industry will be a key focus of a pioneering subsea industry event taking place in London tomorrow. The cash saving benefits technological developments can bring to the subsea sector as well as the challenges it currently faces will be hot topics of debate during the one-day event, hosted by Subsea UK. Full text
StatoilHydro has assigned the management of its technology corporate venture activities to a special purpose company, Energy Capital Management AS. The new management company will immediately start the process of bringing in investors, establishing a fund for future investments (Fund II), aiming for a StatoilHydro ownership of some 25-40 per cent. Full text
The NPD has entered into a framework agreement with AGR Petroleum Services to provide geological and technical studies. AGR Petroleum Services will assist the NPD in its work to follow up plans for development and operation of reservoirs. Full text