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BP: US Shale Oil Output To Double By 2035

February 12, 2016

U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP said on Wednesday. In its industry benchmark 2035 Energy Outlook, BP forecast global demand for energy to increase by 34 percent, driven by growth in… Continue Reading »

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Germany to end pick-and-mix offshore diving regulation

February 12, 2016

New guidance for offshore commercial diving operations carried out in Germany’s exclusive economic zone has been released by class society DNV GL after strong demand from stakeholders. Until now, diving operations contracted for offshore work in German waters only had reference to inshore diving regulations, which, although mandatory, spanned significantly different types of working conditions,… Continue Reading »

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Huisman CEO Resigns

February 12, 2016

Huisman’s chief executive officer André Meijer will step down from his position, with immediate effect, the company informed Wednesday. The company said it will implement an internal solution and adjust the management structure accordingly, if required. André Meijer took the job in August 2015 after Joop Roodenburg decided to step down as the company’s CEO to… Continue Reading »

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Commercial Diving – Saturation Diving

February 12, 2016

Often spoken of as the ‘holy grail’ of commercial diving. Any diving over the depth of 50 metres is the domain of saturation divers; Highly paid and deep sea divers. The likelihood of oxygen toxicity and narcosis increases for ordinary air divers at this level of pressure making operations using air a limitation for them…. Continue Reading »

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Harkand Wraps Up Trinidad and Tobago Campaign for BPTT

February 12, 2016

Harkand has completed an inspection, repair and maintenance (IRM) campaign for BP Trinidad and Tobago (BPTT) utilising the ‘Harkand Da Vinci’ diving support vessel (DSV) and the company’s new hyperbaric rescue facility (HRF) in the Caribbean. The IRM scope included deadleg inspection of BPTT offshore assets, pipeline intervention, caisson repair works, platform and pipeline clamps… Continue Reading »

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European Energy Firms Post Billion Dollar Losses in 2015

February 11, 2016

Tullow Oil plc and Maersk Oil both registered billion dollar losses in 2015, amid an ever-declining low oil price. London-headquartered Tullow, which was founded in Ireland, revealed an operating loss of $1.09 billion in 2015 (2014 operating loss: $1.96 billion). Gross profit was 46 percent lower than last year, coming in at $591 million (2014… Continue Reading »

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CIRIA Releases UXO Best Practice Guidelines

February 11, 2016

The Construction Industry Research and Information Association (CIRIA) has published guidelines for the management of unexploded ordnance (UXO) in the marine environment. CIRIA’s report, entitled “Assessment and management of unexploded ordnance (UXO) risk in the marine environment (C754)” has been prepared by Royal HaskoningDHV and 6 Alpha Associates. The guidance defines the marine environment and… Continue Reading »

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Oil Minister: Foreign Oil Companies To Settle Iran’s Debt In Euros

February 11, 2016

Iran’s oil minister said foreign oil companies that owe his country billions of dollars are likely to settle their debts in euros. Greece’s Hellenic Petroleum, Italy’s Saras and Royal Dutch Shell owe Iran about $4 billion which will be paid back in euros, Iranian Oil Minister Bijan Zangeneh was cited by the ministry’s news agency… Continue Reading »

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Aker Solutions Works on Next Steps of Johan Sverdrup Development

February 11, 2016

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field. The study includes design solutions for a tie-in of the platform and future satellites to the field center that is being developed in the project’s first phase. The work will be carried… Continue Reading »

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