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Latest Industry Updates

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

Latest Update

Chevron scraps plans to drill deepwater well in Arctic Beaufort Sea, Canada
18 December, 2014
Chevron has scrapped plans to drill a deepwater well in Canada's Arctic Beaufort Sea, citing economic uncertainty due to the sharp decline in oil...
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News

Oil increases above $62 a barrel as more energy companies cut investments
Thursday, December 18, 2014 The price of Brent crude oil increased 2% to above $62 a barrel on Thursday as more energy companies cut investments...

Subsea 7 wins installation contract for Stampede Project, US Gulf of Mexico
Thursday, December 18, 2014 Subsea 7 has secured an installation contract from energy firm Hess to support the Stampede Project in the deepwater US Gulf of...

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

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....


News Archive

Press Releases

J.D. Neuhaus Hoists Facilitate Crane Repairs on Offshore Platform
Thursday, December 18, 2014 by J.D. Neuhaus When the diesel engine of a deck crane failed, it caused major handling problems for an offshore platform operating in the Dutch sector of the southern North Sea; problems that were solved with...

Jotron Takes Part in £1.5bn UK Military Air Traffic Management Deal
Thursday, December 18, 2014 by Jotron Jotron is a key supplier of ATC communication technology to Aquila, a joint-venture (JV) between NATS and Thales, which has signed a contract with the UK Ministry of Defence (MoD) to...

The Subsea Company Launches 16 Innovative BOP Drift Variations
Thursday, December 18, 2014 by The Subsea Company The Subsea Company has been busy innovating tomorrow's standards with a recent launch of 16 standard drifts, designed in accordance with API 16A, Third Edition....

Competentia Appoints Group CEO
Thursday, December 18, 2014 by Competentia Competentia has announced the appointment of Geir Egil Olsen as CEO of the group with effect from 22 September...

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....


Press Release Archive

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