Royal Dutch Shell has publicly announced it will slash 5,000 jobs by year end–including “hundreds” in Houston–as part of a sweeping reorganization new CEO Peter Voser said is needed to make the company more competitive. But under a separate program, the European oil giant has been quietly transferring additional office jobs from Houston and elsewhere [...]

Political and security issues in war-torn Iraq have been the focus of the world’s attention for more than six years. Now, the country’s oil reserves are doing the talking. After a string of recent deals between the Iraqi government and foreign oil majors, experts believe that Iraqi oil will transform the global oil market over [...]

The International Marine Contractors Association (IMCA), the trade association representing offshore, marine and underwater engineering companies, has moved to new and larger offices. Their new address is: IMCA – International Marine Contractors Association, 52 Grosvenor Gardens, London SW1W 0AU, UK. Their telephone and fax numbers and email address remain unchanged – Tel: +44 (0) 20 [...]

HOUSTON, Dec. 15 /PRNewswire-FirstCall/ — Deep Down, Inc. (OTC Bulletin Board: DPDW), today announced the signing of two contracts in excess of $4 million for work in West Africa. These contracts, for buoyancy products made by our subsidiary Flotation Technologies, Inc. and umbilical services at Deep Down’s Channelview, Texas facility, will be completed over the [...]

London, England – Acergy S.A. (NASDAQ-GS: ACGY; Oslo Stock Exchange: ACY) announced today that it has acquired the Borealis, a strategic enabler, which is expected to drive superior returns for future activity. This differentiating asset, currently being built at the Sembawang Shipyard in Singapore, is a DP3 dynamic positioning vessel equipped with a 5,000T crane. [...]

HOUSTON, Dec 15, 2009 (GlobeNewswire via COMTEX) — Orion Marine Group, Inc. (NYSE:ORN) (the “Company”), a leading heavy civil marine contractor serving the infrastructure sector, today announced a contract award of approximately $20 million. Orion Marine Group’s wholly owned subsidiary, Orion Construction, LP was recently awarded a contract as a subcontractor for a private sector [...]

Technip has been awarded two contracts by BP for the Schiehallion field development. The field is located in the North Sea, 175 kilometers (110 miles) west of the Shetland Islands, United Kingdom. The first contract, which was recently completed, was on a lump sum/reimbursable basis and covered the design and manufacture of a 720 meter [...]

Helix Well Ops UK, a subsidiary of Helix Energy Solutions Group Inc, announced today that the newest addition to its global well intervention fleet, Well Enhancer, has successfully completed her inaugural well intervention project for Nexen Petroleum UK on the Buzzard S2 well in the North Sea, 60 miles east of Aberdeen. The Subsea Intervention [...]