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Latest Industry Updates

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

Latest Update

Fall in oil prices due to oversupply concerns
03 August, 2015
Oil prices have dropped due to concerns of increasing over supplying and contracting demand in China, which is one of the biggest consumers of the fuel....
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News

Wintershall and Gazprom sign MoU to expand Nord Stream pipeline capacities
Monday, August 03, 2015 BASF subsidiary Wintershall has signed a memorandum of understanding (MoU) with Gazprom to expand the capacities of the offshore natural gas project, Nord Stream pipeline. ...

World Bank approves $700m investment in Ghana’s offshore gas project
Monday, August 03, 2015 The World Bank has approved a $700m investment in guarantees for offshore Sankofa gas project in Ghana....

IMES unveils new business to improve offshore safety
Friday, July 31, 2015 IMES Group has announced the launch of a new business targeted at the oil and gas and commercial marine industries and designed to improve offshore safety....

Inpex to undertake exploratory well drilling offshore Japan
Friday, July 31, 2015 The Agency of Natural Resources and Energy of Japan’s Ministry of Economy, Trade and Industry (METI) has selected Inpex to drill one exploratory well for the agency ’s offshore drilling programme....

Oil prices dip due to oversupply concerns
Friday, July 31, 2015 Oil prices have dropped due to increased concerns of oversupply worldwide following an announcement by the Organization of the Petroleum Exporting Countries (OPEC) hinting at continuing...

Sterling Energy completes acquisition of interest in Block C-3 offshore Mauritania
Friday, July 31, 2015 UK-based Sterling Energy Mauritania (SEML) has completed its previously announced acquisition of 40.5% interest in the production sharing contract (PSC) for Block C-3 located offshore in...

Oil prices rise following larger than expected fall in crude stocks
Thursday, July 30, 2015 Oil prices have rise slightly after larger than expected draw down of US crude and gasoline inventory....

PA Resources submits revised plan of development for Zarat Field offshore Tunisia
Thursday, July 30, 2015 Sweden-based PA Resources has submitted an updated plan of development to the Tunisian authorities for Zarat Field, a shallow-water, gas-condensate and oil field in offshore Tunisia. ...

Subsea 7 wins $500m contract to develop Taurus and Libra fields offshore Egypt
Thursday, July 30, 2015 Subsea 7 has secured a $500m contract from BP and partner DEA to develop the Taurus and Libra subsea fields in offshore Alexandria, Egypt. ...

Total to sell interests in four gas fields for $876m
Thursday, July 30, 2015 Total has signed an agreement with SSE E&P UK to sell 20% of its interests in four gas fields and surrounding exploration acreage for for £565m ($876m), approximately 125km north-west of...


News Archive

Press Releases

Versabar Performed Riser and Umbilical Pull-ins
Tuesday, August 04, 2015 by Versabar Versabar performed two SCR (steel catenary riser) and three umbilical pull-ins on a FPU (floating production unit) for an offshore operator....

EM&I Receives 10 out of 10 FPAL for ODIN
Monday, August 03, 2015 by EM&I Group The EM&I ODIN team have clearly been making a big impression as they progress the campaign on the Platinum Explorer Drillship in the Bay of...

Permasense Exhibiting at Offshore Europe in Aberdeen, 8-11 September 2015
Monday, August 03, 2015 by Permasense Offshore Europe is one of the worlds largest technical conference and exhibition for the offshore E&P...

Wilkens Weather Debuts iOS Mobile App
Thursday, July 30, 2015 by Wilkens Weather Technologies As part of its ongoing effort to provide the most useful weather planning information for the offshore industry, Wilkens Weather Technologies® announced the introduction of Wilkens Weather...

Miko Plaster Withstands Welding Temperatures and Enables New Repair Technique
Thursday, July 30, 2015 by Miko Marine BW Offshore has successfully used Miko magnetic patches in a pioneering new repair technique that creates significant time and cost savings....

Hydrauvision Develops Advanced Tracking System
Thursday, July 30, 2015 by HydrauRent In the Baltic Sea, a wind farm comprising 64 wind generators has been built. The water depths vary from 20m to 40m. The project began in August 2013 and was successfully completed in April...

SeaRoc and HSEQ Experts Join Forces to Support Offshore Wind Projects in Europe
Thursday, July 30, 2015 by SeaRoc Group SeaRoc Group and HSEQ Experts have completed a collaboration agreement to provide a combined service offering to help support the construction and operation of offshore wind farms in Germany...

Wire Rope and Umbilical Challenges in the Spotlight at Offshore Europe 2015
Wednesday, July 29, 2015 by ROCOL Offshore vessel operators seeking to enhance the service life of wire ropes and umbilicals, whilst complying with the new US VGP requirements, will be able to access the technical expertise of...

Sulzer Acquired Independent Service Provider in Morocco
Wednesday, July 29, 2015 by Sulzer Pumps On 28 July 2015, Sulzer acquired the business of Expert International Pompe Service (EIPS) located in Casablanca, Morocco. Through this acquisition, Sulzer expands its footprint in North Africa....

Carson Crane Shop Sends Products Around The Globe
Wednesday, July 29, 2015 by North Pacific Crane Company They lift crab pots from the Bering Sea and transport supplies to ships in the Indian Ocean. They withstand salty seas, wind, storms and ice from the Arabian Peninsula to the south...


Press Release Archive

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