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
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Electromagnetic Geoservices ASA (EMGS) and Shell have entered into a Joint Industry Project (JIP) to plan and design the next generation of 3D EM equipment. Over the next six months the two companies will, in close collaboration, conduct a feasibility study that includes laboratory tests, design solutions, specifications and a project plan for the development of the next generation of source, receivers and positioning system. Full text
Red Spider, the remote open close technology specialist delivering multi-million savings to the international oil & gas industry, has completed record levels of work in 2010 and taken on additional staff to allow further growth. The company has increased its customer portfolio as well as winning further business from existing customers, including BP, Statoil and Shell. Full text
Fugro has reached agreement with Riise Underwater Engineering AS to acquire the company. The acquisition is expected to take effect from the end of this year on completion of some outstanding formalities. Full text
An Aberdeen-based subsea firm has been awarded a £30,000 grant to develop a specialist underwater tool. Ecosse Subsea Systems was recently awarded the grant by Scottish Enterprise to assist in the research and development of SCAR, a specialist trenching plough designed to operate from vessels of opportunity, especially anchor handlers. Full text
In a climate of economic recovery and stable oil prices the UK oil and gas sector has returned to growth with signs of increasing investment, consolidation and acquisitions. These are some of the key findings to emerge from the latest Aberdeen & Grampian Chamber of Commerce survey. Full text
Unique System (UK) Ltd, a global provider of specialised products, services and turnkey solutions to the diving and survey industries, has further expanded its rental pool of global acoustic positioning systems (GAPS) with an order for additional systems and transponder beacons from iXSea worth more than $1m. Unique System is a principal supplier of high-performance subsea positioning systems to customers worldwide. Full text
Chevron Corporation (NYSE:CVX) and Atlas Energy, Inc. (NASDAQ:ATLS) announced today that Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion. The acquisition will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania's Marcellus Shale. Full text
Global marine rental company, Ashtead Technology is delighted to announce the appointment of agency, Scope Engineering (WA) Pty Ltd, to represent them in Australia, New Zealand and Papua New Guinea. Scope is a well established Perth based fabrication and engineering solutions provider, ideally placed to represent Ashtead Technology’s Offshore Division in Australia. Full text
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has received industry funding for a joint project to accelerate the use of 3D EM data in exploration and production. The EDDA project involves acquiring state-of-the-art 3D EM data over known fields on the Norwegian Continental Shelf. Full text
An industry body set up to ensure businesses are ready to secure opportunities from decommissioning work over the coming years will shortly launch a major mapping exercise to help the supply chain benefit from the £25-30billion of North Sea work forecast for the future. Full text