Daily Archives: May 6, 2016

Fibre-Optic Multiplexers and Telemetry Systems

Rate this article 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

Apache reports first-quarter net loss of $489 million

Rate this article 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…

Newfield to acquire STACK acreage from Chesapeake unit

Rate this article 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…

VIDEO: MMA Offshore launches new vessel in Indonesia

Rate this article 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…

MARKET WATCH: NYMEX natural gas price falls on high inventory

Rate this article 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

Tullow restarts production from Ghana’s Jubilee field

Rate this article 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…

Crowley christens LNG-ready Louisiana

Rate this article 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…

Safety Awards postponed due to helicopter crash in North Sea

Rate this article 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…