NEWS — Click on text to read news by category: General | Product | People | Worldwide
QatarEnergy Signs $3.9 Billion Deal with Hyundai Heavy Industries for LNG Carriers
September 29, 2023
QatarEnergy has entered into a contract with Hyundai Heavy Industries (HHI) for the construction of 17 liquefied natural gas (LNG) carriers, in a deal valued at $3.9 billion (QAR$14.2 billion). The agreement with the South Korean shipbuilding company signifies the
University of Houston Developing Autonomous Robot for Subsea Pipeline Inspection
September 25, 2023
With an increasing number of severe accidents in the global oil and gas industry caused by damaged pipelines, University of Houston (UH) researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. The
SBM Offshore and MHI Sign Partnership Agreement for FPSO CO2 Capture Solution
September 21, 2023
SBM Offshore and Mitsubishi Heavy Industries (MHI) have signed a partnership agreement that will offer a CO2 capture solution for floating production storage and offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs. The agreement follows
Nauticus Robotics Secures Offshore Service Agreement with Shell
September 21, 2023
Nauticus Robotics, Inc. has entered into a service contract with Shell. The initial scope of work includes inspection services on a Shell subsea field development in the Gulf of Mexico, and the contract contemplates visible future inspection service projects. The
FET Subsea Launches New ROV Tooling Rental Offering
September 21, 2023
Forum Energy Technologies (FET) has introduced a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector. With increasing ROV asset investment across hydrocarbon and offshore renewable energy, as well as
Data Kinetic Launches Applied AI Solutions Suite for the Oil and Gas Industry
September 19, 2023
Data Kinetic has launched a platform agnostic AI Outcomes as a service suite engineered for the oil and gas industry. Data Kinetic’s subscription service offers a catalog of machine learning (ML) models designed to accelerate enterprise adoption of applied AI.
Expro to Enhance Subsea Well Access Offering With $106 Million Acquisition of PRT Offshore
September 15, 2023
Expro has entered into a definitive agreement to acquire offshore services provider, PRT Offshore. Total consideration to be paid at closing is approximately $106 million, including $62 million of cash and $44 million of newly issued Expro shares. Potential additional
Happy Labor Day from the Team at Mining Connection
September 1, 2023
This Labor Day, we want to recognize the hardworking individuals in the mining and oil & gas industries. It’s a day to recognize the immense efforts and dedication that go into the work done each day. You are the backbone
Pioneer Energy & Bayswater Successfully Field Pilot Zero Emission Oil Production System
August 21, 2023
Pioneer Energy has completed a successful field trial of their new Emission Control Treater (ECT) technology. Pioneer partnered with Bayswater Exploration & Production, a Colorado-based oil producer, to deploy and operate the ECT on one of their production locations in
Cummins and Chevron Sign Hydrogen, Natural Gas, Lower Carbon Fuel Value Chains MOU
August 11, 2023
Cummins and Chevron U.S.A., a subsidiary of Chevron Corporation, have entered into a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. The MOU expands the two companies’ previous strategic collaboration
