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Hercules Sells Jackups Coldstacked Since 2009

May 23, 2015

Houston-based Hercules Offshore Inc. reported Tuesday that it sold this month four jackups in the Gulf of Mexico that have been coldstacked since 2009. The sales should result in cost savings of about $2 million for the remainder of 2015 and annual savings of $3.3 million thereafter, said James West, senior managing director and partner… Continue Reading »

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Fugro Simphony Catches Fire, Crew Evacuated

May 23, 2015

Fugro Subsea Services-operated ROV support vessel Fugro Symphony has reportedly caught fire, early this morning in Peterhead Harbour. According to reports, the fire-fighting teams were called for duty at approximately 3 AM on Wednesday and it took about 35 firefighters to extinguish the blaze. More than 80 crew members were safely evacuated to the Fishermen’s Mission… Continue Reading »

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CNOOC Appoints Yang Hua as Chairman, Succeeds Wang Yilin

May 22, 2015

China National Offshore Oil Corp. Ltd. (CNOOC) appointed Yang Hua as chairman of the Board of Directors to succeed Wang Yilin, the Chinese company announced Tuesday. Prior to his appointment, Yang, who joined CNOOC in 1982, was vice chairman of the Board of Directors from Sept. 16, 2010 to May 19, 2015 and president of… Continue Reading »

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Telstra’s Pacnet Breached by Hackers

May 22, 2015

Australian telecommunication company Telstra informed on Wednesday that its recently acquired subsea cable company Pacnet has had a security breach, potentially making its costumers vulnerable. According to reports, Pacnet was hacked on April 3, approximately two weeks before Telstra completed the acquisition of Hong Kong and Singapore-based company. The US$697 million acquisition was announced in December last year,… Continue Reading »

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Shell Gets Short Life Extension for Draugen

May 22, 2015

A/S Norske Shell has received consent from the Petroleum Safety Authority Norway (PSA) to extend the lifetime of the Draugen facility. Draugen is an oil field in the Norwegian Sea, around 150 km north of Kristiansund. A/S Norske Shell (Shell) is the field’s operator. Production on the field began in October 1993. The field has… Continue Reading »

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What Is Scientific Diving?

May 22, 2015

In 1975, in response to numerous accidents in the commercial diving sector, the United Brotherhood of Carpenters and Joiners of America, supported by the AFL-CIO, petitioned the Federal Government urging a development of commercial diving standards applicable to all professional diving operations. Given the employee-employer nature of the relationship between scientists and students and their… Continue Reading »

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Become a Commercial Diver: Education and Career Roadmap

May 22, 2015

Commercial divers work with teams of engineers to perform mechanical repairs and construction underwater. Divers work in all types of water, including rivers, bays and the ocean. Step 1: Complete a High School Degree High school students can prepare for a commercial diving career by taking courses involving problem-solving and mechanics. Students should also maintain… Continue Reading »

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Turkmenistan Eyes $3B Investment In Its Caspian Oil, Gas In 2015

May 22, 2015

Turkmenistan, which owns the world’s fourth-largest natural gas reserves, expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official said on Wednesday. This figure compares with the more than $2.5 billion invested in the Turkmen sector of the sea in… Continue Reading »

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Minesto Gets Welsh Govt Funding for Deep Green

May 22, 2015

Marine energy company Minesto has been awarded a 13 million Euros investment from the European Regional Development Fund through the Welsh Government. The funding is part of the commercial roll out, including the establishment of Minesto UK Headquarters in North Wales and commissioning of the first commercial Deep Green power plant. The EU funds will support… Continue Reading »

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