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Category Archives: News

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Kenzie plays decisive role in offshore platform tribunal

June 17, 2016

Kenzie Group has played an integral role in the owning company of an offshore platform successfully defending itself against claims from an engineering, procurement and construction contractor in a tribunal that lasted 50 days. After negotiations between the owning company and the EPC contractors failed, the case was heard by three arbitrators in Oslo, who… Continue Reading »

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China’s March To Biggest Oil Importer Hits US Shale Roadblock

June 17, 2016

The world’s biggest oil importer. The title nobody wants. For decades the U.S. held undisputed rights to the crown. Last year, China squeaked ahead for the first time amid growing demand and as rising U.S. shale production displaced overseas deliveries. The Middle Kingdom looked poised to become the center of the crude importing world. Then… Continue Reading »

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Venezuela Says Oil At $50 Enough To Avoid PDVSA Default

June 17, 2016

Crude prices around $50 a barrel are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino said Thursday in an interview. “$50 is enough,” he said on Bloomberg Television from Russia at the St. Petersburg International Economic Forum. The company’s average production cost… Continue Reading »

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Iran Oil Comeback That Startled Doubters Approaches Roadblock

June 16, 2016

Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining trade barriers, the recovery may have run its course. When restrictions on Iran’s oil exports were relieved in January following a nuclear pact with world powers, analysts from Goldman… Continue Reading »

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Applied Acoustics equipment to assist in project investigating the risks associated with storing carbon dioxide under the seabed

June 16, 2016

Southampton researchers are playing a key role investigating the risks of leaks from carbon dioxide (CO2) storage reservoirs situated under the seabed. Academics from the University of Southampton will work with colleagues at the University of Edinburgh and the National Oceanography Centre Southampton (NOCS) on a NERC-funded project to understand the risks involved in the… Continue Reading »

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InterOcean Systems, Inc. joins Delmar Systems, Inc.

June 16, 2016

The ownership of Delmar Systems, Inc., a worldwide supplier of offshore mooring and subsea services, announces an expansion of products and services with the acquisition of privately owned InterOcean Systems, Inc. InterOcean will be operated as an affiliated entity of Delmar. Since 1946, InterOcean Systems is the leader in the design and manufacture of high… Continue Reading »

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Oil Price Downturn Prompts Update of Rig Guide

June 15, 2016

With drilling activity down due to low oil prices, a number of offshore drilling rigs have been coldstacked as drilling contractors wait for prices to recover. At the same time, the process of laying up and deactivating increasingly complex drilling rigs poses a higher financial risk and ultimately, a safety risk. Faced with clients needing… Continue Reading »

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Saipem signs co-ownership & exclusive commercialization agreement for SPRINGS

June 15, 2016

A recently signed agreement will see Saipem lead the industrialization and commercialization of SPRINGS®, an innovative subsea water treatment technology designed for deep water application, developed in collaboration with major oil & gas company Total and water treatment specialist company Veolia. SPRINGS® (Subsea PRocess and INjection Gear for Seawater) is a nanofiltration-based sulphate removal unit… Continue Reading »

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