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Latest Industry Updates

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

Latest Update

GE to buy Oceaneering's subsea electric actuator product line
17 December, 2014
GE has agreed to purchase Oceaneering's subsea electric actuator product line, which will be used to improve remote subsea production and processing...
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News

Oil trades below $60 a barrel
Wednesday, December 17, 2014 Brent crude oil has traded below $60 a barrel because of a supply glut, which has dragged down...

Statoil submits development plan for Rutil discovery in Gullfaks Rimfaks Valley
Wednesday, December 17, 2014 Statoil and its partners have submitted a development plan for the Rutil discovery in the North Sea's Gullfaks Rimfaks...

Amec Foster Wheeler secures front end engineering design contract from Chevron in North Sea
Tuesday, December 16, 2014 Amec Foster Wheeler has secured a front end engineering design (FEED) contract from Chevron North Sea Limited (Chevron) for the Captain enhanced oil recovery (EOR) development in the North...

Brent price falls below $60
Tuesday, December 16, 2014 The price of Brent crude oil declined by more than $1 per barrel, falling below $60 due to tepid Chinese factory activity and dipping currencies of emerging markets, which has affected...

Swiber secures $719m contract for offshore field development project in West Africa
Tuesday, December 16, 2014 Singapore-based Swiber Holdings, an international provider of integrated offshore construction and support services to the oil and gas industry, has secured a contract from a US-based oil and...

Brent price picks up to $62.35 a barrel
Monday, December 15, 2014 The price of Brent has fluctuated, with it first dropping to a low in five-and-a-half years and then edging up to $62.35 a barrel on Monday....

Nido Petroleum makes offer on Otto Energy’s interest in Galoc oil field
Monday, December 15, 2014 Nido Petroleum has made an offer to acquire Otto Energy’s 33% working interest in the Galoc oil field in the Philippines for $108m....

US BOEM increases limit of liability for offshore oil spills
Monday, December 15, 2014 The US Bureau of Ocean Energy Management (BOEM) has increased the limit of liability for oil-spill related damages from $75m to around $134m for offshore oil and gas facilities....

BP awards $750m engineering, procurement and construction contract to Wood Group
Friday, December 12, 2014 BP has awarded an engineering, procurement and construction (EPC) services contract worth about $750m to energy services firm Wood...

EMC to deliver on-board communications for Ceona Offshore’s vessel
Friday, December 12, 2014 Ceona Offshore has selected Emerging Markets Communications (EMC) to deliver on-board communications solutions for its new field development asset, the Ceona...


News Archive

Press Releases

Citec Expands Use of SmartPlant® Enterprise with Multi-Year Agreement
Wednesday, December 17, 2014 by Intergraph® Finnish multidisciplinary engineering and information management company Citec has announced its expansion of Intergraph's SmartPlant® Enterprise throughout several projects and regions....

New Hardbanding Procedure Increases Service Life of Completion Tubing Connections
Tuesday, December 16, 2014 by Postle Industries A new standard operating procedure for the application of Duraband® NC hardbanding on completion tubing connections has just been released by Hardbanding Solutions by Postle...

integrum Appoints IQESH as European Partner
Tuesday, December 16, 2014 by Integrum Management Systems integrum is pleased to announce the appointment of IQESH as European partner for sales and implementation...

Improvement in Safety Standards Still Needed, Says Litre Meter Survey
Monday, December 15, 2014 by Litre Meter More than 40% of companies in processing industries still do not comply with international safety standards, according to a recent survey carried out by flowmeter specialist Litre...

Neste Jacobs Implements Use of Intergraph® Solutions Globally
Friday, December 12, 2014 by Intergraph® Neste Jacobs has entered into a multi-year agreement to use Intergraph® solutions...

Mott MacDonald to Standardise Intergraph® SmartPlant® Solutions Across International Oil and Gas Division
Friday, December 12, 2014 by Intergraph® Mott MacDonald is to standardise use of Intergraph® SmartPlant® solutions across its oil and gas business....

Mactech Offshore’s Articulating Diamond Wire Saw Receives Patent Approval
Thursday, December 11, 2014 by Mactech Offshore Mactech Offshore recently received patent approval for its articulating diamond wire saw....

Spectrex Products Receive CU TR Approval
Thursday, December 11, 2014 by Spectrex Spectrex is pleased to announce that the new hazardous area Ex approval, CU TR, has been issued to Spectrex...

Comprehensive ESS Test Facilities
Thursday, December 11, 2014 by Creowave Creowave is proud to announce the operation of new ESS test facilities at the company...

G.C. Maritime Conducts Load Tests Totalling 718 Tonnes
Wednesday, December 10, 2014 by G.C. Maritime Services On November 4 2014, at Houston Port, Texas, US, G.C. Maritime successfully carried out multiple five-yearly, 275-tonne load tests on three heavy-lift marine cargo cranes aboard a vessel...


Press Release Archive

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