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Subsea 7 has informed that a programme of cost reduction measures will be implemented including a re-sizing of the fleet and workforce, and the restructuring of its corporate organisation.
Oceaneering International, Inc. will be recognized at the 2015 Offshore Technology Conference (OTC) with the presentation of two Spotlight on New Technology Awards.
The Oceaneering Deepwater Pile Dredge (DWPD) was selected based on its innovative technology, broad appeal to the industry, proven capabilities through full-scale application, and significant impact with benefits beyond existing technologies.
Chevron has made a gas discovery in the Carnarvon hydrocarbon basin, off Western Australia's north-west coast.
Located in the WA-392-P permit area, 95km northwest of Barrow Island, the Isosceles-1 exploration well encountered 134m of net gas pay in the Triassic Mungaroo Sands, in 968m of water.
Many of the problems that Dr. Alan Lumsden deals with on a daily basis have been solved, but the solutions aren’t available in the medical industry’s toolbox.
Finding technology solutions in other industry’s toolboxes was behind the launch in 2007 of the Pumps and Pipes Consortium, through which members of the oil and gas and medical industries sought to brainstorm ideas on how technologies from each industry could be applied to problems in the other. Since its founding, National Aeronautical and Space Administration (NASA) has joined in that collaboration.
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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.