Tagged Press Release

Diamond, Trelleborg to build new riser tech for offshore drilling market

Rate this article By Offshore Energy Today.. Drilling contractor Diamond Offshore Drilling and Trelleborg’s offshore operation have entered a Joint Development Agreement to develop, manufacture and market Helical Buoyancy riser technology developed by Diamond Offshore. According to a press release by Diamond Offshore, this patented riser buoyancy design reduces riser drag and mitigates Vortex-Induced Vibration…

Polarcus gets LOI for Barents Sea project

Rate this article By Offshore Energy Today.. Offshore geophysical company Polarcus has received a Letter of Intent (LOI) for an XArray project in the Norwegian Barents Sea for an undisclosed client. The survey is due to start in August 2016, after required authorization has been obtained, and will run for approximately 4 weeks, Polarcus said…

Parker FM80 Fuel Regulation Module First to Offer CSA Certification

Rate this article By NGV Global Parker FM80 – front (L), back (R) Parker Hannifin Corporation (Parker), a global motion and control technologies provider had achieved CSA certification to ANSI NGV 3.1-2014/CSA 12.3-2014 – Fuel system components for compressed natural gas powered vehicles for its FM80 Fuel Regulation Module. Parker’s press release states this makes…

Beach Energy enlists new CFO

Rate this article By Offshore Energy Today.. Australian oil and gas company Beach Energy has appointed Morné Engelbrecht as its Chief Financial Officer, effective August 29, 2016. Engelbrecht will replace long‐serving Chief Financial Officer, Kathryn Presser. Beach Energy noted in a press release on Thursday that Engelbrecht is a Chartered Accountant with experience in the…

InterMoor completes work on Shell’s new FPSO in Gulf of Mexico

Rate this article By Offshore Energy Today.. InterMoor, an Acteon company, has completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the U.S. Gulf of Mexico. InterMoor stated in a press release on Wednesday that the FPSO Turritella will…

ExxonMobil elects new board member

Rate this article By _Offshore_Energy_Today_ US oil giant ExxonMobil has announced that Angela Braly has become the new member of its board of Directors. ExxonMobil said in a press release on Wednesday that with the election of Braly, the former chairman, president, and chief executive officer of health insurance company WellPoint – now known as…

Energean gets funds for Prinos and Epsilon fields offshore Greece

Rate this article By Offshore Energy Today.. The European Bank for Reconstruction and Development (EBRD) and Energean Oil & Gas have signed a $75 million financing package to support the company’s ongoing $200 million investment plan to develop the Prinos and Epsilon oil fields offshore northern Greece. According to a press release by Energean and…

Natural Gas Vehicles Crucial to Achieving European Emissions Goals

Rate this article By NGV Global NGVA Europe, the region’s industry association that promotes the use of natural gas and renewable methane as a fuel mainly in vehicles and ships, says in a press release issued 19 May that natural gas vehicles offer large opportunity for rapid reduction of GHG emissions within Europe’s upcoming strategy…

BP boosts Culzean field stake

Rate this article By Offshore Energy Today.. JX Nippon Oil and Gas Exploration Corporation has sold a 16% working interest in a licence containing the Culzean field located in the UK North Sea to oil major BP. According to JX Nippon’s press release on Monday, the company’s wholly owned subsidiary, JX Nippon Exploration and Production…

Vallianz wins charters for 13 OSVs in Middle East

Rate this article By Offshore Energy Today.. Vallianz Holdings, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has won contracts worth up to $210 million in total. According to the Vallianz’s press release on Monday, following these contract wins, the company has set a new record of…