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Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut

November 26, 2014

Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices. In a day of shuttle diplomacy before OPEC’s output meeting in Vienna on Thursday, energy… Continue Reading »

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Oceaneering Hires Island Pride

November 26, 2014

Oceaneering has entered into a two-year charter for use of the Island Pride, a multi-service subsea support vessel owned by Island Offshore Shipping International. The vessel is expected to be available for work in the U.S. Gulf of Mexico (GOM) in early January 2015. Before it starts the work, the Island Pride is anticipated to undergo modifications to… Continue Reading »

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Subsea 7 Lands GoM Installation Job for Shell

November 25, 2014

Subsea 7 has been awarded a contract by Royal Dutch Shell (Shell) for installation work in the Gulf of Mexico. The contract value is in the range of $50 million to $100 million. The contract scope of work involves the installation of 27 miles of 8″ Flowlines and Steel Catenary Risers (SCRs), with associated structures… Continue Reading »

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SBCC takes Marine Diving students offshore

November 25, 2014

It’s just after six on a dark November morning.  The City College student divers are wrapping up a mandatory safety briefing in the Marine Diving Technology Building. They head down to the Santa Barbara Harbor and spend the next 20 minutes loading up the dive boat, Conception. They are embarking on a nine-hour journey that few community college students dare to… Continue Reading »

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How deep is your love? Underwater Wedding

November 25, 2014

Dorota Bankowska is one of the few females in the male-dominated saturation diving industry. She and her husband initially got married in Plock, Dorota’s hometown in Poland, just last month but decided to renew their wedding vows deep inside a dive training tank of The Underwater Centre in Fort William on November 22, 2014. The… Continue Reading »

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Underwater Welders’ Salary: How Much is it?

November 25, 2014

Many commercial divers are willing to pursue underwater welding as a career, due to the attractive underwater welders salary. As the name describes, the underwater welder works under water and welds structures. Most of the people willing to work in this industry are employed by the oil service companies, which supply diving services for off-shore oil… Continue Reading »

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Ghana Gives Eni Green Light For $6B Offshore Gas Project

November 25, 2014

Ghana’s government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points (OCTP) block, expected to begin production in 2017, it said on Monday. The government, hoping to boost oil and gas production, said in a statement that it also planned to acquire a third… Continue Reading »

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Scotland to Establish Wave Power Development Body

November 25, 2014

Scotland is to establish a wave energy technology development body to encourage innovation in the industry Minister for Business, Energy and Tourism Fergus Ewing announced. ‘Wave Energy Scotland’ will bring together the best engineering and academic minds to collaborate in a research and development programme to accelerate wave technology further. The development of wave energy… Continue Reading »

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Statoil Takes $350M Hit on Angola Exploration Halt

November 24, 2014

Norway’s Statoil said on Friday it was halting exploration in Angola after poor drilling results, retreating from an offshore area it had high hopes for and capping a poor year for exploration. Statoil said it was cancelling a three-year contract with Stena Drilling, handing back a drilling ship two years early and taking a $350… Continue Reading »

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