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Latest Industry Updates

Stay up to date with the latest industry updates from the global offshore technology industry

Latest Update

EU targets Russian oil sector with new sanctions
31 July, 2014
The European Union (EU) has agreed a package of additional restrictive measures against Russia, targeting the country’s oil sector, over its involvement in the Ukraine...
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News

Oil falls below $106 on increased OPEC oil output
Thursday, July 31, 2014 Brent crude fell below $106 a barrel today on increased oil output from the Organization of the Petroleum Exporting Countries...

Rosneft and NADL sign offshore drilling contracts
Thursday, July 31, 2014 Russian oil firm Rosneft and North Atlantic Drilling (NADL) have signed long-term offshore drilling contracts....

Brent trades around $108 on ample supplies
Wednesday, July 30, 2014 Brent crude oil traded around $108 a barrel today as ample supplies and political tensions in the Middle East, Africa and Europe offset each...

Saipem secures $540m worth of offshore drilling contracts
Wednesday, July 30, 2014 Saipem has secured new offshore drilling contracts worth $540m from clients operating offshore Indonesia, Nigeria, the Arabian Gulf and West...

US calls for nominations for potential oil and gas lease sale
Wednesday, July 30, 2014 The US Bureau of Ocean Energy Management (BOEM) has issued a call to nominate buyers for potential oil and gas lease sale 242 at the upcoming Beaufort Sea Planning Area (BSPA) off the coast...

HHI awards contract to KBR for Al-Nasr full field development project offshore Abu Dhabi
Tuesday, July 29, 2014 Hyundai Heavy Industries (HHI) has awarded a contract to KBR to perform engineering design services for the Abu Dhabi Marine Operating Company’s (ADMA-OPCO) Al-Nasr full field development...

Oil prices drop towards $107 amid geopolitical tensions in Middle East, Africa and Europe
Tuesday, July 29, 2014 Brent crude fell towards $107 a barrel today amid geopolitical tensions in the Middle East, Africa and Europe, which generated ample supply of...

Lime Petroleum surrenders three North Sea licenses
Monday, July 28, 2014 Lime Petroleum Norway has decided to surrender three licenses located in the North Sea, following the deadline for a drill or drop decision by 23...

Today’s oil prices drop as Gaza fighting abates
Monday, July 28, 2014 Oil prices dropped today as Israel eased its assaults in Gaza, backing a 24-hour humanitarian truce, while experts believe that reductions are...

Turkey approves EIA for South Stream project’s offshore section
Monday, July 28, 2014 The Turkish Ministry of Environment and Urban Planning has approved the environmental impact assessment (EIA) report for South Stream's offshore pipeline...


News Archive

Press Releases

United Completes Longest-Ever Continuous Tite Liner® Installation
Thursday, July 31, 2014 by Aegion Corporation Pipeline rehabilitation specialist United Special Technical Services (USTS), a joint venture between United Pipeline Systems and STS, has completed the longest-ever continuous compression-fit...

ABLE Launches New Website
Thursday, July 31, 2014 by ABLE Instruments & Controls Leading manufacturer and supplier of process instrumentation and control solutions ABLE Instruments & Controls has launched a new website with improved functionality, design, and...

New AVEVA Information Standards Manager Bridges the Gap Between Owner Operators and EPCs
Wednesday, July 30, 2014 by AVEVA Solutions AVEVA launches a powerful new application for governing asset information using a standards-based...

AMOG Named Joint Finalist for Sydney Engineering Excellence Award
Wednesday, July 30, 2014 by AMOG Consulting AMOG Consulting is a joint finalist with State Water Corporation and Geotechnical Engineering in the Sydney Engineering Excellence Award for work on the Burrendong Dam temperature control...

Growth Prompts Move to New Office
Tuesday, July 29, 2014 by Aussie Fluid Power Hydraulic engineering specialist Aussie Fluid Power's head office and operations have recently been relocated to provide more resources and space to reflect the company's growing team,...

Volga Dnepr Transports 30t Oil and Gas Cargo to Russia from Malaysia
Tuesday, July 29, 2014 by Volga-Dnepr Airlines Volga-Dnepr Group's Engineering & Logistics Center (ELC) recently developed a special loading frame to provide a timely and cost-efficient solution to move a 30t oil and gas shipment on-board...

Bel Closes Acquisition of Emerson Network Power Connectivity Solutions
Tuesday, July 29, 2014 by Cinch Connectors Bel Fuse announced today that it has closed the previously announced acquisition of the Emerson Network Power Connectivity Solutions business from...

Global Marine Systems Recognised at International Business Awards
Monday, July 28, 2014 by Global Marine Systems Global Marine Systems received recognition for its innovation and best practices in the field of engineering at the International Business Awards which took place in Singapore on 24...

E2S to Exhibit at ONS Stavanger 2014
Monday, July 28, 2014 by E2S Warning Signals Explosion-proof audible and visual signals and call points provider E2S will be exhibiting at ONS Stavanger from 25 to 28...

DSL Heading for $50m Target
Monday, July 28, 2014 by Derrick Services (UK) Ltd Privately owned oil and gas drilling structures and construction specialist Derrick Services (DSL) has experiened continued high worldwide demand for its services and products in the first...


Press Release Archive

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