Offshore & subsea

GE Oil & Gas has announced five new initiatives to accelerate cutting-edge technology development and testing across the energy value chain.

Even currently on track for highest-ever visitor numbers despite industry slowdown.

US$1 billion sourcing plan and expanded strategic partnerships.

Chukar Waterjet Inc. will introduce its new SUB-JET 3000™ ROV-attachable waterjet system at the OTC Offshore Technology Conference, 2-5 May in Houston.

The contract placed by LAUGFS will involve key safety and quality checks on the LPG terminal at Hambantota Port.

Aquatec Group has announced that the company is launching a new cathodic protection system at Subsea Expo 2016.

Rob Hastings and Alan Wilson have been appointed as non-executive Directors.

ABB has announced it will provide the technology that will help three vessels safely carry out construction and maintenance tasks up to 5 km under water.

Decommissioning companies are one of the few groups likely to benefit from industry downturn.

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.

Lundin Petroleum AB has signed farm-out agreements with certain wholly owned subsidiaries of DYAS B.V. for part of its working interests across three Production Sharing Contracts in Malaysia.

Cameron reported fully diluted earnings per share of US$1.08 for 4Q15, compared to US$1.34 for the same period in 2014.

Restructuring will align company with oil and gas sector’s new reality and increase oversight of executives’ decisions.

The work will be executed via ION’s Villahermosa, Mexico, and Houston offices and through its Houston high performance computing centre.

Lundin Petroleum AB has announced that its wholly owned subsidiary, Lundin Malaysia BV, has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.