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Latest Industry Updates

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

Latest Update

BP's underlying replacement cost profit for Q2 2016 falls to $720m
27 July, 2016
BP has reported that underlying replacement cost profits for the second quarter of this year fell to $720m, down 44% from $1.3bn a year ago....
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News

Oil prices edge down after API’s data reveals fall in crude stocks Wednesday, July 27, 2016 Oil prices have fallen after data released by the American Petroleum Institute (API) highlighted a drop in weekly stocks was less than expected, raising worries over persistent oversupply....

Statoil Petroleum wins drilling permit for 6407/7-9 S well Wednesday, July 27, 2016 Statoil has secured a permit from the Norwegian Petroleum Directorate to drill well 6407/7-9 S, 5km north of the Njord field in the Norwegian Sea....

Oil prices fall as supply glut may continue Tuesday, July 26, 2016 Oil prices have dropped towards $44 a barrel due to fears that a prolonged rebalancing of the market may be delayed due to oversupply....

Technip to perform maintenance works on Repsol's North Sea subsea infrastructure Tuesday, July 26, 2016 Technip has secured a contract to carry out inspection, repair and maintenance (IRM) works on Repsol Sinopec Resources' North Sea subsea infrastructure in the UK....

Topside installation completed on Det norske's Ivar Aasen field Tuesday, July 26, 2016 Norway-based Det norske has announced the completion of topside installation on the Ivar Aasen field at UtsiraHight. ...

Mitsui OSK signs contract for Gas Sayago-led FSRU project in Uruguay Monday, July 25, 2016 Mitsui OSK Lines' (MOL) wholly owned subsidiary Lakler has signed a 20-year contract for Gas Sayago-led floating storage and regasification unit (FSRU) project in Uruguay....

Oil prices drop due to supply glut concerns Monday, July 25, 2016 Oil prices have fallen due to concerns that ongoing oversupply of crude and refined products may weigh on markets for some time....

Shell to axe 190 jobs from Gulf of Mexico operations Monday, July 25, 2016 Shell has announced plans to cut 190 positions from its deepwater operations in the Gulf of Mexico....

Lundin Norway starts drilling campaign in Barents Sea Friday, July 22, 2016 Lundin Petroleum’s wholly-owned subsidiary Lundin Norway has started its exploration and appraisal campaign in the Loppa High area in the southern Barents...

M&As this week: MeeMaken, Skeye, Palfinger Friday, July 22, 2016 Netherlands-based investment holding company, MeeMaken, has acquired Kenz Figee Group in order to expand its investment...

News Archive

Press Releases

DG-TT7-S and DM-TT6-S with MOS Sensor Receives SIL 2 Approval Wednesday, July 27, 2016 by Tyco Gas & Flame Detection Tyco Gas & Flame Detection is pleased to announce that the DG-TT7-S and DM-TT6-S gas detectors with Metal Oxide Semiconductor (MOS) sensor are now SIL 2...

Citisafe Unveils Trolex TX3706 Connectors Wednesday, July 27, 2016 by CitiSafe CitiSafe Pte Ltd is pleased to announce Trolex TX3706 Falcon Series Connectors....

Permasense Americas Sees Stellar Growth, Moves to Larger Premises Tuesday, July 26, 2016 by Permasense Permasense, the leading provider of remote monitoring solutions to the oil, gas and petrochemicals industries, has relocated its Houston premises to accommodate its expanding team....

Stable Currency-Adjusted Sales and Operational EBITA Continue Tuesday, July 26, 2016 by Sulzer In the first half of 2016, sales, operational EBITA, and operational ROSA continued to be...

Nexans Umbilicals Achieve Global Reach with New Project in Australia Tuesday, July 26, 2016 by Nexans Norway Nexans will deliver an innovative umbilical, 32km in length combining power, signal and steel tubes, as well as other services to OneSubsea and Woodside in Western...

New Gas Transmitter: OLDHAM Launches the 700/710 Series Monday, July 25, 2016 by Tyco Gas & Flame Detection Tyco Gas & Flame Detection is pleased to announce the launch of the OLCT 700 and OLCT 710 gas transmitters. The 700/710 Series comprises 3 different models -FP, TP or IR- for the detection...

Caspian Offshore Construction Opens Office in Azerbaijan Monday, July 25, 2016 by Caspian Offshore Construction (COC) In the 13 years of its operation, Caspian Offshore Construction (COC) has taken about a quarter of the Kazakhstan industrial infrastructural navigation market in the number of vessels...

Major Structural Pipeline Repair Clamp Order For Subsea Innovation Monday, July 25, 2016 by Subsea Innovation Ltd. Subsea Innovation, one of the world leading subsea equipment suppliers with more than 25 years' experience delivering projects into the offshore industry, has announced the securing of...

F.lli RIGHINI Wins Heerema Contract Monday, July 25, 2016 by F.lli RIGHINI F.LLI RIGHINI, leading supplier of packages and systems for O&G naval and marine industry is proud to announce the acquisition of a topic and strategic project, awarded directly by a major...

Hoists and Cranes: Captains of Industry Monday, July 25, 2016 by J.D. Neuhaus The importance of an ever-expanding industrial world should not be underestimated. After all, long-term, sustained industrialisation is a key driver for economic development, a fact recognised...

Press Release Archive

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