BlueShift, Inc. Mechanical Design, a company which specializes in cross-disciplinary engineering, intends to launch Remote Plenum Chamber (RPC), a revolutionary new design for an ROV tool. The system, designed in response to the Macondo Prospect Incident, has collar and grip systems which are interchangeable and able to fit any size riser pipe. The RPC system [...]
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Vitol Anker International B.V., a wholly owned subsidiary of The Vitol Group, announced that it intends to make an offer to buy all of the outstanding common shares of Canada’s oil company Sterling Resources Ltd., not beneficially owned by Vitol Anker and its affiliates, for cash consideration of $0.85 per share in a transaction which [...]
London-based investment advisory firm Archipelago Investment Partners (AI Partners) has teamed up with Red7Marine, a UK based marine engineering services firm, to launch a unique shipping fund. The new fund will aim to capitalise on the sustained growth in the oil & gas, renewable energy, mining and emerging economy sectors. The Marine Opportunities Fund will [...]
September 27, 2012 | Posted in
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As part of the Sakhalin III project, Gazprom has launched construction of the production wells in the Kirinskoye gas and condensate field located on the Sakhalin Island shelf. To date, one exploratory well is being switched to the production regime. In addition, the Company is planning to launch construction of a new production well this [...]
August 6, 2012 | Posted in
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The oil and gas industry is set to benefit from internationally deployable well capping equipment, following collaboration between Oil Spill Response Limited (OSRL) and the Subsea Well Response Project (SWRP). Working closely with SWRP, OSRL is making an integrated intervention system available to the industry to enhance international capabilities to respond to a subsea well [...]
Crowley Maritime Corp. announces the recent launch the Ocean Wave, the first of four Ocean Class tugboats under construction at Bollinger Shipyards in Amelia, La. The Ocean Wave and Ocean Wind are classed as Dynamic Positioning 1 (DP1) tugboats and are twin-screw, steel-hulled tugs with an overall length of 146 ft, beam of 46 ft, [...]
December 5, 2011 | Posted in
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![UK: BMT Cordah, add novatech Launch NEMS Accounter Light]()
BMT Cordah, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has launched the NEMS Accounter® Light reporting software to the UK market. The software developed by environmental specialists add novatech, in conjunction with BMT Cordah builds on the success of NEMS Accounter® which has been developed in [...]
![Sri Lanka to Launch Offshore Exploration Tender]()
Sri Lanka will soon tender for oil exploration in five blocks in the northwestern offshore Mannar Basin after Cairn India Ltd. discovered a… By Ranga Sirilal and Shihar Aneez (Reuters) Source: Reuters, October 5, 2011
![USA: Dresser Rand, Statoil Launch Joint ICS R&D Project]()
Dresser-Rand Group Inc. and Statoil announced today that they have launched a joint research and development project based on Dresser-Rand’s Integrated Compression System (ICS). The ICS is an advanced technology platform that uses high-efficiency DATUM centrifugal compressor technology driven by a high speed, close-coupled motor. The compressor rotor incorporates a proprietary, integrated gas-liquid separation [...]
June 20, 2011 | Posted in
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![Total Announces Launch of Ekofisk South and Eldfisk II Projects, Offshore Norway]()
Total announces the launch of the Ekofisk South and Eldfisk II projects offshore in the southern Norwegian North Sea on Production Licence (PL) 018. Total holds a 39.90% interest in the licence. The plan for development and operation for each project has been approved by the Norwegian authorities. The Ekofisk South project will include a [...]
