Category Archives: News


Chaos in North Sea as Storm Kills Rig Worker

January 3, 2016

Stormy weather affected work on several oilfields in the North Sea Wednesday and Thursday with one oil worker dying on a rig and a barge breaking anchor, prompting a platform evacuation. Statoil reported late Wednesday that a fatality had occurred on the COSL Innovator (mid-water semisub) rig, and two other workers injured, when a breaking wave hit the… Continue Reading »


3D Services Expands Its Services

January 3, 2016

3D Services, a CT based company, is expanding their services to now offer Underwater 3D laser scanning. The new service is in addition to the standard 3D laser scanning and aerial surveying that the company offers. Now, 3D Services is able to provide high resolution scans and 3D models of underwater structures or topography. “This will… Continue Reading »


Russian Finance Minister Sees Oil Price At $40 Per Barrel In 2016

December 31, 2015

Russia’s finance ministry expects the price of oil to average around $40 per barrel in 2016, Finance Minister Anton Siluanov said on Wednesday. “We must be ready for any development of the situation around the oil price,” Siluanov said in an interview with the Rossiya 24 TV station. “Our estimate for next year is around… Continue Reading »


Crude Ban Too Late To Reverse Fortunes in the Oil Patch?

December 29, 2015

As the New Year approaches, Enterprise Products Partners isn’t wasting any time. The Houston-based pipeline giant announced in a Dec. 23 statement it would load its first cargo of U.S. crude oil for export during the first week of January – less than a month after the ban was lifted. “We are excited to announce… Continue Reading »


Lukoil Selling Lithuania, Latvia Assets on Anti-Russia Sentiment

December 28, 2015

Lukoil PJSC has decided to sell its filling stations in Lithuania and Latvia after relations toward Russia worsened in the Baltic nations, according to billionaire Chief Executive Officer Vagit Alekperov. “Right now our assets are for sale in Lithuania and Latvia, where there is fairly serious anti-Russian sentiment,” Alekperov said in an interview on Russian state… Continue Reading »


Brimmond Group and Rigrun Europe Move to New Base

December 27, 2015

Brimmond Group and Rigrun Europe have moved to a new purpose-built facility to help with growth of the business. The business has moved to a new location on 2.5 acres of land in Midmill Business Park, Kintore which offers extra yard, office and workshop space, plus new large capacity overhead cranes, the company said. The new premise… Continue Reading »


Oceaneering Orders Sparrows Under-Rollers

December 25, 2015

Sparrows Group, and its cable and pipe-lay solutions (CPLS) division, has been awarded a contract by Oceaneering to design and manufacture two 500-tonne powered and jack-able under-rollers. According to the company, the new under-roller system is suitable for use with reels of up to 11.4m outer diameter. It provides up to 10 tonnes of line… Continue Reading »


Aker Solutions and Saipem Join Forces

December 24, 2015

Aker Solutions and Saipem have agreed to cooperate on targeted subsea oil and gas development projects worldwide. The companies will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions’ capabilities in subsea products and technologies with Saipem’s assets and expertise in engineering, procurement, construction and installation… Continue Reading »


Source: Halliburton To Be Told About EU Concerns Over Baker Hughes Deal

December 16, 2015

Oilfield services provider Halliburton will meet with EU antitrust regulators next week where it is expected to be told about competition worries over its $35 billion bid for Baker Hughes, a person familiar with the matter said on Friday. The European Commission has been reviewing the proposed tie-up of the No. 2 and No. 3… Continue Reading »

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