KONGSBERG signs deal with offshore intallation groupKongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG). The patented CRIS design simplifies the subsea installation process, enabling a reduction in installation time and risk, which translates to significant cost savings. Full text |
Reef Subsea extends its range of activities by providing installation and trenching services
Aker Solutions buys majority stake in Benestad and Phaze Technologies
OMS recognised for innovation by Pipeline Industries Guild
Marine Well Containment Company Welcomes Statoil
Marine Well Containment Company Welcomes Apache
Siemens strengthens its position in the subsea power market
Clough AMEC announce JV with Beca New Zealand
Oceaneering to Acquire Norse Cutting & Abandonment AS
Knowledge Reservoir and Quest Offshore Resources Announce Strategic Alliance
Join our free subsea industry newsletter.
A new study published today by energy business analysts Douglas-Westwood, ‘The World Deepwater Market Report 2009-2013’ forecasts that the deepwater oil & gas sector will spend $162 billion over the period 2009 to 2013. Full text
The Rana company, MOMEK Group AS, and Grenland Group ASA will cooperate in the development of the engineering company, Grenland Arctic AS, located in Harstad. The new name of the company will be Momek Engineering AS. Full text
The world's first Floating, Drilling, Production, Storage and Offloading vessel (FDPSO), which is owned by Prosafe Production, has left Keppel Shipyard in Singapore on January 24, 2009. After a short stay at anchorage, it will head for the Republic of Congo where it will be deployed at Murphy West Africa Ltd's (a subsidiary of Murphy Oil Corporation) deepwater Azurite development in the Mer Profonde Sud Block. Full text
The pipeline industry is set to offer a substantial market for the forecast period 2009-2013. There are plans for major additions to pipeline capacity across the world. Douglas-Westwood’s forecasts that almost 139 thousand kilometres of hydrocarbons trunk pipelines will be constructed over the period 2009-2013 with a total capital cost exceeding $144 billion, a 5% increase on 2004-2008. Full text
Petrobras announces that its Board of Directors has approved today the Business Plan for 2009-2013 period.For the first time, the Company is dedicating significant efforts in evaluating, developing and production of discoveries in the so-called pre-salt layer of the Santos and Espírito Santos basins. Of the new projects in the E&P segment, about US$ 28 billion relate to pre-salt development. Full text
Sheila McNulty of the Financial Times commented in an article in July of last year, “The big winners of high oil prices are not the international oil companies being criticized by politicians for their enormous profits, but rather the oil services companies that the majors rely on for equipment and labor.” Full text
Norwegian Energy Company ASA, The non-operating partners of the Huntington field in the UK have unanimously decided to remove Oilexco as operator of the license and accepted E.ON Ruhrgas as the new operator of the license. Full text
Global success in the Defence industry has given a small Tasmanian, Australian business
Fiomarine, the confidence to take its popular Fiobuoy to the Oil and Gas market.The innovative technology has been proven by consistent and major sales to the Royal Australian and United States Navies which the Company hopes to replicate in the Oil and Gas market. Full text
FMC Technologies and Schilling Robotics announced today that they have entered into a definitive agreement whereby FMC Technologies will acquire a 45% interest in Schilling Robotics LLC for $116 million in a transaction expected to close no later than December 31, 2008. The acquisition is expected to be accretive to FMC Technologies' earnings per share in 2009. Full text
The Floating Liquefied Natural Gas (FLNG) business is now rapidly developing into a sector of major significance and will be worth $8.5 billion by 2015, according to a new study published today by energy business analysts Douglas-Westwood. Full text