Projects

ABS was awarded a contract from South Korean shipyard Hyundai Heavy Industries (HHI) to develop subsea pipeline design criteria and associated training materials.

Studies by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.

Technip has unveiled the name for its latest newbuild diving support vessel (DSV), being built by Vard. The vessel will be known as the Deep Explorer. The high-specification vessel will be equipped with terms of navigation Dynamic Positioning Class 3 navigation equipment and feature a 24-man saturated dive system. With a large deck area, working moon pool, work-class ROVs and a 400Te offshore crane, the vessel will provide diverless construction activities.

Gas production has begun from Jack/St. Malo project in the U.S. Gulf of Mexico, a major step in Statoil’s plan to have more than a fourfold increase in offshore production from the U.S. Gulf of Mexico by 2020.

Statoil has proposed building a subsea pipeline twice as large as needed to take gas from Norway’s giant new Johan Sverdrup oil and gas field to accommodate future finds that could be tied into the new line, gas system operator Gassco said.

Rigs at risk from drifting icebergs can expect an early warning following research by the Memorial University of Newfoundland. The Autonomous Ocean Systems Laboratory (AOSL) at the university is part of a long-term study modeling the behavior of icebergs that includes acquiring real-world data that will increase the accuracy of predicting the rate and direction of their drift.

The Middle East will be a key market for oilfield services companies for decades to come as countries across the region seek to maximize recovery from maturing assets and bring new fields into production, reports energy specialist corporate advisory firm Simmons & Company International Ltd.

New incentives offered as part of Pakistan’s latest policies for petroleum resource production seem to be proving an attractive prospect for potential investors. However, an equally effective shale gas policy appears more unlikely, according to research and consulting firm GlobalData.

GLENDIVE, Mont. (AP) — Workers recovered about 10,000 gallons of oil from a ruptured pipeline that spilled crude into Yellowstone River and contaminated the drinking water supply of an eastern Montana city downstream.

OPEC will stand by its decision not to cut output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, said the United Arab Emirates’ energy minister on Dec. 15, according to Bloomberg.

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