FMC Technologies President, Chairman, and CEO John Gremp talks about how the company is setting new standards and solving the unique challenges of High Pressure High Temperature (HPHT) subsea fields. On July 21, 2014 the company announced its joint industry program with BP, Shell, Anadarko Petroleum
Ocean Power Technologies, Inc. announced financial results for its Fiscal 2014 fourth quarter and full-year ended April 30, 2014 (“fiscal 2014”). David L. Keller, Interim Chief Executive Officer of OPT, stated, “There have been several significant events and much change since the Company last report
VideoRay Pro 4 ROVs were used extensively as part of the Costa Concordia wreck removal project, which began in May 2012. The groundbreaking operation relied on 7 VideoRay Pro 4 ROV systems to provide eyes underwater in the extremely challenging and dangerous environment around the wreckage site. The
South Stream Transport has completed the Environmental and Social Impact Assessment (ESIA) for the Bulgarian Sector of the South Stream Offshore Pipeline. The ESIA Report confirms earlier findings that construction and operation of the underwater pipeline is not expected to have a significant impact
Comsubin’s ROV Pegaso System has successfully accomplished its research in the sea bottom of Cinque Terre, offshore La Spezia coast, discovering a white coral reef. Started the past autumn and leaded by Enea and Italian Navy, the research in the sea bottom of the Ligurian Sea has now brought to ligh
Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, provides an update on the Environmental Impact Assessment (EIA) for the proposed “Don Diego” project, which is currently undergoing final reviews prior to government filing. As previously reported, the EIA for the pr
GeoSea has just finalized the installation of 77 foundations on the DONG Energy Borkum Riffgrund 1 offshore wind farm. The installation works, including transport from the fabrication yard to the marshalling harbor, have proceeded in record times and finished ahead of schedule. The 77 units consiste
Petrofac, the international oil & gas facilities service provider, has secured a contract with the BP-operated prestigious Shah Deniz 2 project to provide their maintenance build capabilities. The contract, valued at around $ 8.5 million (£5 million), covers new onshore, offshore and pipeline assets
Students from Maritime Institute Willem Barentsz surveyed Wijde Blik Lake to gain valuable surveying experience. Findings from the survey included dredging marks from peat and sand extraction, as well as some unidentified objects. For the second year in a row CARIS collaborated with industry manufac
CNOOC Limited announced that the Lishui 36-1 gas field has commenced production. Lishui 36-1 gas field is located 150 kilometres away from Wenzhou city Zhejiang province, with an average water depth of approximately 84 meters. The gas field has 4 producing wells, and its primary production facilitie
BP has announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of 2014. The com
Between 24 June and 3 July 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of COSL Drilling Europe A/S (CDE) and the company’s operations using the COSLPromoter drilling rig. The objective of the activity was to monitor that CDE has implemented a system to fulfil the regulator
Carnarvon Petroleum Limited has advised that gas and indications of associated liquid hydrocarbons were observed in the Phoenix South-1 well prior to a drill bit failure, which has necessitated the drilling of a minor side-track around a small portion of the well bore. In the past two weeks Apache E
In the latter half of 2013 the British Royal Research Ship, RRS James Cook, set sail for the Atlantic to conduct the field work component of a European Research Council funded project, Reconstructing abrupt changes in chemistry and circulation of the equatorial Atlantic Ocean: Implications for globa
