MODEC awarded contract for Mero
MODEC, Inc. (“MODEC”) announced on December 18 that it has signed the contract for supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel with Petróleo Brasileiro S.A. (“Petrobras”) as Leader and Op...
ABS Awarded Classification Contract for ATB
ABS, a leading provider of classification and technical services to the marine and offshore industries, announced on December 18 that it was selected by Q-LNG, LLC, to class an Articulated Tug Barge (ATB) for LNG bunkering in North America. The v...
Columbia engineers develop floating solar fuels rig
Design is the first practical floating solar hydrogen-generating device to perform water electrolysis without pumps or membranes; could lead to low-cost, sustainable hydrogen production In a single hour, more energy from the sun hits the Earth...
Statoil acquires 25% of the Roncador field
Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF: PETR4, NYSE:PBR) announced on December 18 that they have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Camp...
Aker BP investing for increased recovery
Aker BP announced on December 18 that it has invested in and acquired a 17 % stake in the company Fishbones AS (“Fishbones”). Fishbones is an unconventional stimulation technology applied to increase the production rates in tight reservoirs. ...
Total launches development of the Giant Libra Field
Total announced on December 18 that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the pre-salt area of the Santos B...
McDermott and CB&I to Combine
McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) announced on December 18 that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad...
US DOE announces support offshore wind research
On December 12, U.S. Secretary of Energy Rick Perry announced $18.5 million in new Department of Energy (DOE) funding for an offshore wind research and development (R&D) consortium that will conduct U.S.-specific research aimed at reducing th...
Dreifa pushes ahead with PSV to FRU conversion
Norway-based Dreifa Energy turns out to have been seeking a suitable shipyard for the conversion of a platform supply vessel (PSV) into an LNG floating regasification unit (FRU). Jostein Ueland, co-founder of Dreifa Energy, has recently...
Subsea 7 awarded contracts offshore Norway
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced on December 15 the award of two contracts from alliance partner Aker BP in the Norwegian North Sea. The contracts are for the Skogul project and the Valhall Flank West project, which collecti...
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