Norway has overtaken Russia as western Europe's topgas supplier, data from state firms shows, indicating the European Union's drive to reduce its dependence on Russian energy is bearing fruit.
The sharp drop in oil prices has been another factor, as Norway offers more flexible pricing and big buyers held off buying from Russia in the hope the fall in crude price levels would eventually filter through to Russian gas.
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.
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.
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.
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.
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.
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