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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Subsea mooring specialist, First Subsea Ltd, in a joint developments with Offspring International Ltd, is launching the first of its new range of deepwater mooring connectors at DOT Monaco, 3 – 5 November. The new connectors replace traditional H-link or plate links, making installation simpler and quicker as well as improving the engineering integrity of the fibre rope connections. Full text
"Natural gas is an attractive energy source for the future," said Rune Bjørnson, StatoilHydro's executive vice president for natural gas during a press seminar in Oslo on Thursday, 24 September. Full text
Global oil and gas project resource consultancy, Mentor IMC Group looks set to buck the economic downturn with healthy ‘08/’09 growth. Financial results, due to be released later this year, are expected to reveal an increase in revenue of over 50 per cent. Full text
Subsea solutions company Hallin Marine has been awarded a five year contract by Dalgidj Private Company (“Dalgidj PC”), for remote operating vehicle (ROV) drilling support services in the Caspian Sea, off the coast of Azerbaijan. Full text
At the heart of any organisation are its people. This is the view of the Directors of Hydro Group in Aberdeen, as Staff are considered to be the company’s greatest asset. In challenging times, experts warn that cutting back on employees or their development is not always the best way forward and businesses should instead aim to invest on building their employees’ knowledge and skills to promote continuous improvement, commitment, motivation and, of course, corporate success. Full text
Analysis of 19 target countries and 26 key onshore and offshore market sectors, ranging from land drilling equipment to offshore operations, has revealed that overall expenditure levels are expected to total $2 trillion over the 2009-2013 period. Full text
Through an integration agreement, Det norske oljeselskap ASA and Aker Exploration ASA are uniting to realise their shared ambition of creating a bigger and more dynamic oil company. As a result of the merger alone, the new company will be the second biggest company by far on the Norwegian continental shelf in terms of licences and operatorship. Full text
Despite the global recession, offshore spend is expected to grow strongly – from $578 billion (bn) Capex and $379bn Opex over the last five years to $807bn Capex and $549bn Opex over the period to 2013. Exploration for fresh oil & gas supplies and development of existing and newly found accumulations from ever more demanding reservoirs in new extremes of environment, are expected to drive offshore industry spends. Full text
New offshore statistics suggest the sector is getting safer, with both the combined fatal and major injury rate and major hydrocarbon releases at their lowest since the Health and Safety Executive (HSE) began regulating the industry. Full text
Douglas-Westwood have today launched the latest edition of their World Offshore Wind Report which highlights significant growth but also the problems of fast-rising costs and the difficulties being faced in project financing. The industry is now showing the growth and market development long-promised, with record levels of capacity now under construction. Strong growth in deployment rates will be seen in the years ahead, but levels of installed capacity peak in 2011, with a small decline in 2012 and 2013. Full text