EMO Marine Technologies specialises in fibre-optic communication solutions for subsea operations, offering a wide range of multiplexers (MUX) and telemetry systems. Read Full Article Here For more great articles: Offshore Technology
EMO Marine Technologies, based in Nova Scotia, has successfully delivered a Mini-T High Definition MUX system upgrade for a Schmidt Ocean Institute ROV. Read Full Article Here For more great articles: Offshore Technology
Houston independent Apache Corp. reported a first-quarter net loss of $489 million, including noncash, aftertax ceiling test writedowns of $325 million driven primarily by low commodity prices. That compares with a net loss of $7.2 billion in fourth-quarter 2015 and a first-quarter 2015 net loss of $4.7 billion. Read Full Article Here For more great…
Newfield Exploration Co., The Woodlands, Tex., has agreed to acquire 42,000 net acres in the Anadarko basin STACK play of Oklahoma from a subsidiary of Chesapeake Energy Corp., Oklahoma City, for $470 million. The deal is effective Apr. 1, and is expected to close during the second quarter. Read Full Article Here For more great…
By _Offshore_Energy_Today_ Australian offshore vessel owner MMA Offshore has launched their newbuild vessel, MMA Pinnacle. The marine service provider in the Asia Pacific region, announced via social media on Tuesday that the vessel had been launched in Batam shipyard in Indonesia on April 23. The 2016 newbuild ROV support and light construction vessel, along with…
Light, sweet crude prices touched above $46/bbl on the New York market May 5 before settling at about $44.30/bbl upon lingering world oil oversupply concerns despite fires in Canada that threaten oil sands producers. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
By Offshore Energy Today.. Oil exploration and production company Tullow Oil has restarted production from the Jubilee field offshore Ghana following issues with a turret on the field’s FPSO, the Kwame Nkrumah. At the end of April the oil company said it was expecting for the off-take and production from the field to resume ‘in…
By Offshore Energy Today Following news of offshore inspection and installation specialist Harkand going into administration, a team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout (MBO) of Harkand’s North American and African business. The new company, to be named Ethos Offshore Limited, will continue to provide subsea…
By LNG World News U.S.-based Crowley Maritime on said it has christened on Thursday the third of four LNG-ready product tankers being built at the Philly Shipyard. Louisiana, which is 50,000 dead-weight-tons (dwt) and capable of carrying 330,000-barrels of product, has been delivered to Crowley mid-April. The vessel is among the first tankers ever to…
By _Offshore_Energy_Today_ The Offshore Safety Awards, organized by Step Change in Safety and Oil & Gas UK, have been postponed due to the fatal Super Puma helicopter crash in Norway a week ago. Oil & Gas UK, representative body for the UK offshore oil and gas industry, announced on Thursday that the decision was made…