Latest Offshore Subsea News

Statoil makes final Shah Deniz Stage 2 investment decision

Dec 17, 2013

With its partners in the Shah Deniz consortium in Azerbaijan, Statoil ASA has made a final investment decision for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea offshore Azerbaijan.

Charities and champions: the year in review 2013

Dec 12, 2013

Once again this year, the compassion of those in the oil and gas industry helped to fill pages of Oil & Gas Financial Journal.

An Evolving Ecosystem

Dec 12, 2013

Despite a complete lack of hydrocarbon resources within the sovereign territory of Singapore, the city-state has been linked to the oil and gas sector for more than a century.

EnQuest clear to start Kraken development in North Sea

Dec 10, 2013

EnQuest has UK government sanction for a £4 billion (US$6.44 billion) investment in the 137-MMbbl heavy oil Kraken development, 125 km (77 mi) east of the Shetland Islands.

Oil States appoints Hajdik as CFO

Dec 9, 2013

Oil States International Inc. (NYSE:OIS) has appointed Lloyd A. Hajdik to serve as senior vice president, CFO, and treasurer of the company. In addition, Bradley J. Dodson has been promoted to the position of executive vice president, accommodations, effective December 9, 2013.

FMC Technologies receives $30M contract from Tidewater

Dec 5, 2013

FMC Technologies Inc. (NYSE: FTI) has received an order from Tidewater Subsea to supply a fleet of six work-class ROV systems for its subsea operations business.

Pulse opens Bergen office, appoints Vethe as business development manager

Dec 3, 2013

Pulse Structural Monitoring, an Acteon company, has appointed Eivind Vethe as business development manager in Norway.

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Carnarvon to explore two permits in Barrow sub-basin

Jun 5, 2014

Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

Report predicts surge in world subsea expenditure

Jun 5, 2014

Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

Hitachi Solutions Canada to unveil JV solution for oil and gas industry

Jun 4, 2014

Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

Primoris wins underground contract work valued at over $10 M

Jun 2, 2014

Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.


Alpha Crude Connector to conduct open season

Jun 2, 2014 Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in ...

MicroSeismic names Foster as president and CEO

May 30, 2014

MicroSeismic Inc. has appointed Jeff Foster as the company’s president and CEO. Founder of the company and past CEO, Peter M. Duncan, will continue with MicroSeismic as co-chairman.

KMP to expand carbon-dioxide infrastructure

May 8, 2014

Kinder Morgan Energy Partners LP is set to invest $671 million to grow its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

TPC Group expands polyisobutylene capacity

May 1, 2014

TPC Group, a provider of C4 based products and services, has achieved a milestone in its comprehensive expansion program to increase polyisobutylene capacity.

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