Reinforcing its position as a leading supplier of subsea technology for North Sea oilfield projects, GE Oil & Gas announced at Offshore Europe 2011 that it will provide subsea production equipment to Valiant Causeway Ltd. for the development of the Causeway Field. GE will supply two subsea productio
GE Oil & Gas subsea systems and services have been selected by Ithaca Energy (UK) Ltd. for the Stella oil and gas field development project in the Central North Sea, GE reported at Offshore Europe 2011. Under a contract of $17 million, GE will supply an integrated package of “S” Series shallow water
Nautilus Minerals Inc has granted 900,000 options and issued 200,000 loan shares to non-executive directors as their full remuneration for 2011. The options and loan shares were granted under the Company’s Stock Option Plan and Share Loan Plan which were approved by shareholders and limit the total
Leading international oilfield service company Expro will be showcasing a range of its latest technologies, which enable it to offer the complete package of solutions across the entire well lifecycle, at the Offshore Europe conference and exhibition in Aberdeen, September 6 – 8. Deepwater developmen
DeepFlex, Inc., the world’s only manufacturer of premium all-composite flexible pipe used in challenging subsea oil and gas production environments, announced today that it has closed a significant funding agreement and completed a recapitalization to simplify its capital structure. AEM Capital of R
Deepwater drilling and performance improvement specialist Exceed is exhibiting for the first time at Offshore Europe’s Deepwater Zone (Stand 6C27) following a record year for the business. The Aberdeen-based company surpassed targets to turn over £5.2million ($8.5million) in 2010/11 and has taken on
Ocean Power Technologies, Inc. a leading wave energy technology company, announces that it will be participating in the Rodman & Renshaw Annual Global Investment Conference on September 12, 2011. The conference will take place at the Waldorf Astoria Hotel in New York City. Charles F. Dunleavy, Chief
Schlumberger announced today at the Offshore Europe 2011 Oil and Gas Conference and Exhibition the release of the FORTRESS* isolation valve. The FORTRESS valve simplifies the transition from upper completion to production without the need for intervention. “The FORTRESS isolation valve was designed
On behalf of its co-venturers BP announces an agreement to invest up to £700 million to progress a project to develop the Kinnoull reservoir in the central North Sea. Kinnoull is the largest of three reservoirs that are being developed as part of the Andrew Area developments project, and contains 45
In 2010 Amarcon’s OCTOPUS-DP Capability forecast for efficient offshore DP operations was brought to the market. The OCTOPUS-DP functionality gives offshore vessels the possibility to make optimum use of a safe time window for their weather-sensitive operations. The first installation of the OCTOPUS
OAO Gazprom will start pumping gas into a $10 billion subsea natural-gas pipeline from Russia to Germany, bypassing Ukraine, where disputes… (Bloomberg) [mappress] Source: Bloomberg, September 06, 2011;
China’s application to carry out deep sea mining and exploration activities in South-West Indian Ocean Ridge has been approved by Internatio… (zeenews) [mappress] Source: zeenews, September 06, 2011;
A major piece of new equipment, designed to be a key element of the UK offshore oil and gas industry’s oil spill response capability, has been constructed, tested and is available for deployment. The capping device is to be revealed today (6 September) by Energy Minister, Charles Hendry MP, at the S
In a detailed assessment of the Deepwater Horizon oil spill, researchers led by a team from the Woods Hole Oceanographic Institution (WHOI) have determined that the blown-out Macondo well spewed oil at a rate of about 57,000 barrels a day, totaling nearly 5 million barrels of oil released from the w
