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Jul 2014

  • 21 million acres up for grabs in U.S. GOM lease sale

    WASHINGTON, D.C. -- Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank has announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.

    Exploration, Industry Overview, Offshore, Deepwater, North America Read More

Apr 2014

  • Aker Solutions, Baker Hughes form subsea production alliance

    OSLO and HOUSTON -- Aker Solutions ASA and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields.

    Production, Industry Overview, Offshore, Deepwater, Europe, North America Read More

Apr 2014

Jul 2013

Jun 2013

  • 2H Offshore awarded detailed design project with ExxonMobil

    HOUSTON -- 2H Offshore, an Acteon company, has been contracted by ExxonMobil to conduct the detailed design of two 10-in production steel catenary risers for ExxonMobil’s Julia Phase 1 development. The Julia development will be a subsea tieback to a moored semi-submersible in approximately 7,000 ft of water.

    Industry Overview, Offshore, Deepwater, North America Read More

May 2013

May 2013

  • Anadarko 1Q profit fell 79% amid year earlier gain

    Anadarko 1Q profit fell 79% amid year earlier gain BY TESS STYNES WASHINGTON Anadarko Petroleum's 1Q earnings fell 79% as the year earlier period included a $1.8 billion benefit related to the resolution of an Algeria tax dispute. However excluding

    Exploration, Production, Offshore, Deepwater, North America Read More

Mar 2013

  • Aker Solutions awarded frame agreement with Petrobras

    OSLO -- Aker Solutions has entered a frame agreement with Petrobras to provide subsea equipment for the oil company's deepwater pre-salt field developments in Brazil. The contract value is approximately $800 million.

    Industry Overview, Offshore, Deepwater, South America Read More

Feb 2013

Jan 2013

  • Aker Solutions acquires Enovate

    Aker Solutions acquires Enovate OSLO Aker Solutions has agreed to acquire a majority stake in Enovate Systems. The financial details of the acquisition are undisclosed. Enovate, which currently employs 62 people, has developed a wide range of unique and patented

    Drilling and Completions, Industry Overview, Deepwater, Europe Read More

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