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Canadian Oil Producers Slash 2015 Capital Budgets

December 20, 2014

Canadian oil producers deepened 2015 spending cuts on Wednesday, as Husky Energy , MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling crude prices. Penn West, one of Canada’s largest conventional oil producers, also cut its dividend to 3 Canadian cents per share from 14 Canadian cents. The… Continue Reading »

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UK to Host ICOE 2016

December 20, 2014

RenewableUK, has announced that, for the first time ever, one of the most prestigious global conferences on renewable energy will be held in the UK. The 6th International Conference on Ocean Energy (ICOE) will take place from 23rd to 25th February 2016 at the Edinburgh International Conference Centre. It will be organised and hosted by… Continue Reading »

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Chevron Cancels Canadian Arctic Drilling As Oil Prices Slide

December 19, 2014

Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada’s Arctic on hold indefinitely because of what it called “economic uncertainty in the industry” as oil prices fall. In a letter to Canada’s National Energy Board on Wednesday, the company withdrew from a hearing on Arctic drilling rules because… Continue Reading »

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Vattenfall Sells Thanet OWF Transmission Infrastructure

December 19, 2014

Vattenfall, the Swedish energy company, have agreed a £164M deal to transfer ownership of a Kent wind farm’s electricity export cables and substations.  The agreement, with international infrastructure group Balfour Beatty, was finalised following a tender process, managed by energy regulator Ofgem, to select the new transmission owner. The transmission infrastructure of Thanet Offshore Wind… Continue Reading »

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VIDEO: What does a Deep Sea Diver do?

December 19, 2014

When commercial divers have to do a job deep underwater, they do what is known as a saturation dive. Saturation divers earn respect, and they also earn more money for going deep. Divers Academy’s commercial diving students are given training to prepare them for deep dive work and commercial saturation diving jobs. Watch this video… Continue Reading »

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Subsea 7 Axes Almost 150 Jobs in Norway

December 19, 2014

The UK-based oil services company Subsea 7 is reported to be letting go almost 150 employees in Norway. Namely, the company said last September that it was planning to cut costs by reducing its headcount, largely due to project delays, but didn’t specify which areas will be cut. According to the latest reports, the company… Continue Reading »

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21-Year-Old Dies During Expedition With Us Dive Operator Off Grand Bahama

December 19, 2014

AN American man reportedly drowned while on a dive expedition with a US dive operator off West End, Grand Bahama, making it the second fatal incident this year involving US-registered vessels conducting dives in the Bahamas. The 21-year-old man was discovered unresponsive in the water around 8pm on Monday. According to police reports, he was… Continue Reading »

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Major HSE Training Program Starts in Iraq

December 19, 2014

Royal Dutch Shell and international oil and gas training standards body OPITO have teamed up to train up to 15,000 Iraqi energy industry workers to deal safely with the potential hazards of hydrogen sulphide (H2S). Shell and OPITO aim to ensure that the workers are trained to the globally-recognized H2S standard. A corrosive and hazardous… Continue Reading »

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Seamec III on Charter with Leighton India

December 19, 2014

Seamec Limited informed BSE that its multifunctional diving support vessel Seamec III has started charter contract with Leighton India Contractors Private Limited. The vessel was previously on charter with L&T Sapura Offshore Private Limited, where it worked on a project for ONGC in Mumbai High on the West Coast of India. The current charter contract,… Continue Reading »

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