Offshore Oil & Gas

BOEM-funded Hurricane Sandy initiative is creating a new inventory of potential offshore sediment resources in federal waters in the Atlantic. Photo Lamont-Doherty

BOEM and Atlantic Sand Assessment Project

The Bureau of Ocean Energy Management (BOEM) and the Lamont-Doherty Earth Observatory (LDEO) will dedicate the Atlantic Sand Assessment Project (ASAP) core storage repository on Tuesday, October 25 at 11:00 a.m. The collection is a result of the BOEM-funded project to create a new inventory of potential offshore sediment resources in Federal waters in the Atlantic. The project involved collecting, analyzing and cataloging sediment cores from federal waters offshore 11 East Coast states from Miami, Florida, to Massachusetts beginning in 2015. The core analysis provides important information on thickness

Schlumberger Seeing Early Signs of Recovery

Schlumberger Ltd, the world's No.1 oilfield services provider, said there were early signs of recovery in most parts of the world, following a two-year slump in oil prices that put the brakes on global drilling activity. The company, which derives more than three-fourths of its revenue from international operations, had called the bottom of the cycle in the second quarter. "The only place where we don't see any signs of recovery at this stage is in Asia", Chief Executive Paal Kibsgaard said on a post-earnings call on Friday. The company reported a quarterly profit that topped

Aker Solutions to Acquire Majority Stake in Brazil's C.S.E.

of the transaction by the end of the first quarter of 2017. The acquisition gives Aker Solutions access to Brazil's market for servicing existing oil and gas fields. C.S.E., which had revenue of BRL 322 million in 2015, provides maintenance, assembly, commissioning and crane operation services at offshore and onshore facilities. "Aker Solutions has established a solid presence and reputation in Brazil's oil and gas market over the past 40 years and entry into the country's brownfield segment is an attractive growth opportunity," said Chief Executive Officer Luis Araujo. "Joining

Official Naming Ceremony of KAS III Photo Bumi Armada

Armada Sterling III FPSO Named

In December 2014, Bumi Armada Berhad through its wholly-owned subsidiary Bumi Armada Offshore Holdings Limited (BAOHL), together with its joint venture company, PT Armada Gema Nusantara (PT AGN) were awarded a contract to supply one floating, production, storage and offloading vessel (FPSO) for the Madura BD Field, approximately 65 km east of Surabaya and about 16km south of Madura Island, offshore Indonesia issued by Husky-CNOOC Madura Limited (HCML). The contract is for a fixed charter of ten years and five additional annual options.   “Armada Sterling III FPSO, is a unique project as

Seven Borealis (Photo: Subsea 7)

Subsea 7 Bags Offshore Egypt Contract

Subsea 7 S.A. announced the award of a contract offshore Egypt by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field. The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometers of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 meters. A 105 kilometer umbilical will also be installed linking the Atoll field to shore. Engineering and procurement services have already commenced. Offshore campaigns will take place in the

Marine Technology Magazine Cover Oct 2016 - AUV Operations

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