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Supercomputing Needs in Oil, Gas Industry to Keep Growing

July 7, 2015

Oil and gas majors such as Total S.A. and BP plc have or will seek to ramp up their supercomputing capabilities to meet their growing high-performance computing (HPC) needs. Earlier this year, Total reported it would upgrade by 2016 the storage capacity of its Pangea supercomputer from its current 16 petabytes to around 26 petabytes…. Continue Reading »

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Drydocks World Completes Shell FLNG Turret Mooring System

July 7, 2015

Drydocks World, a provider of maritime and offshore services to the shipping, oil, gas and energy sectors, has successfully completed the world’s largest turret mooring system.   At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters, the turret will ensure the Prelude floating liquefied natural gas (FLNG) facility can operate safely… Continue Reading »

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Subsea 7 Secures Emergency Pipeline Repair Contracts Off Australia

July 6, 2015

Subsea 7 S.A. announced Friday the award of four contracts by Chevron Australia Pty Ltd. (Chevron) and Inpex Operations Australia Pty Ltd. (Inpex – as operator of the Ichthys LNG Project), for the engineering, procurement and construction of an Emergency Pipeline Repair System (EPRS) to be used offshore Australia. This EPRS project consists of developing… Continue Reading »

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EMGS’ Q2 Vessel Utilisation at 68 Pct

July 6, 2015

Electromagnetic Geoservices ASA (EMGS) announces vessel utilisation for the second quarter 2015 at 68% compared with 75% for the corresponding quarter in 2014. EMGS recorded 10.5 vessel months this quarter, compared with 12 vessel months in the second quarter of 2014, the company informed. The BOA Thalassa has been in Asia for the full second quarter positioned… Continue Reading »

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US Jobs Report: Mining Jobs Down; Modest Gains in Engineering Services

July 6, 2015

The jobs report for June, released Thursday by the U.S. Bureau of Labor Statistics, shows a continuation of the trend for declining mining jobs. There were 4,000 mining jobs lost in June, making a total of 71,000 mining jobs lost since a recent high in December 2014. Most of these job losses have been concentrated… Continue Reading »

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Submarine Electricity Transmission Close to $25 Bln in 2024

July 6, 2015

According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024. Today, submarine electricity transmission systems are being used more frequently for long and short hauls in undersea, lake, and river interconnection applications, allowing transmission in areas where… Continue Reading »

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Ghost Net Busters Dive to Remove Deadly Lost Fishing Nets

July 6, 2015

Lost and abandoned fishing nets kill untold numbers of sea creatures around the world every year. But there’s a growing global movement to remove what are known as “ghost nets” and prevent new ones, including an effort on the US-Canada border in Puget Sound, near Seattle. Pascal van Erp saw his first ghost net when… Continue Reading »

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Oil Drops on Rising U.S. Rig Count

July 6, 2015

Oil prices fell on Friday as a rising U.S. rig count stoked fears of global oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. U.S. oil drilling increased this week for the first time after 29 weeks of declines, a sign U.S. oil production may start to increase more strongly again… Continue Reading »

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Ulstein Gets New Sales Manager

July 6, 2015

Rolf Petter Almli has been appointed sales manager at Ulstein Verft, and will start  his new position on 1 October. He comes from the position as general manager equipment trading and yard support in Rolls-Royce Marine. After this appointment, Rolf Petter Almli and Trond Skodjevåg Bø will be sales managers in Ulstein Verft and both will… Continue Reading »

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Maersk Venturer to Mobilize to Hawkeye-1 Well in Palawan Basin in Late July

July 5, 2015

Otto Energy Ltd. announced Thursday it has issued Maersk Drilling with formal notice in respect of the mobilization of the Maersk Venturer (UDW drillship) to the Hawkeye-­1 exploration well location in Service Contract (SC) 55, offshore Palawan Basin in the Philippines. Mobilization to the drilling location will commence July 31 and is expected to take around… Continue Reading »

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