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  • May 05, 2015
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What appears to be an eruption of Axial Volcano was observed in real time by scientists on April 23, thanks to a set of the instruments installed last summer by the University of Washington to bring the deep sea online.

 Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on October 13, 2014.

Houston-based well intervention and robotics specialist, Helix Energy Solutions, recorded earnings of $19.6 million, or $0.19 per diluted share, for the first quarter of 2015 (Q1 2015) compared to earnings of $53.7 million, or $0.51 per diluted share, for the same period in 2014.

With the subsea industry looking to cut costs, Bluestream Offshore has ordered a fourth Saab Seaeye Panther XT Plus ROV to undertake tasks normally performed by hydraulic vehicles.

THE HAGUE, Netherlands (AP) — Royal Dutch Shell has agreed to buy British gas producer BG Group for 47 billion pounds ($69.7 billion) in cash and stock, the companies announced Wednesday. The move gives oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices.

FMC Technologies, Inc. and Technip have signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained.

Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.

Update 2 (1:50 p.m. EDT): Pemex has now confirmed four fatalities from today’s explosion and fire at a Pemex platform in the Bay of Campeche.

Update 1: Pemex has reported that 1 fatality has now been confirmed. The worker killed was a contractor from the company Cotemar, an oil services company based in Mexico. Pemex reported that it has received reports of 16 injured, including two with serious injuries.

 IKM Subsea has been awarded a 5 + 5 year contract by Norske Shell to provide IMR and ROV services

The contract value including options is in the region 150 million NOK and duration term is firm for 5 years + 5 yearly options.

 Kongsberg Maritime AS has acquired the remaining 90% of the shares of the Germany based underwater chemical sensors specialist Contros Systems & Solutions GmbH.

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