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McDermott’s board of directors rejected an acquisition offer from Subsea 7, which called for McDermott to abandon its planned $6-billion combination with CB&I. McDermott’s special meeting of stockholders, which was scheduled earlier to address the CB&I deal, will be held on 2 May.

Climate change has brought the oil industry face-to-face with the enormous challenge of providing the world with a source of efficient and reliable energy while at the same time ensuring that CO2 emissions are mitigated.

Scheduled for 2020 startups, the Alligin and Vorlich Fields are expected to produce 30,000 gross BOE/D.

The Trump administration will begin the environmental review process for oil and gas drilling on a section of the Arctic National Wildlife Refuge, a region in northern Alaska rich in crude but prized by conservationists.

The joint venture will include work on P&A, towage of floating units, and removal of subsea infrastructure, with the ultimate goal of providing the full end-to-end process for decommissioning.

Oil prices have recovered somewhat and operators are making money again. So why haven’t the service companies been invited to the party?

Advanced AUVs with early-stage technologies for live streaming, ultrasonic testing, and 3D laser scanning are set to enter inspection trials on North Sea facilities. The aim is to reduce facilities inspection costs by 50%.

Kinder Morgan promoted Kimberly Dang from CFO to president. Steven Kean will retain the CEO title, and Richard Kinder remains executive chairman. Dang joined Kinder Morgan in 2001 as director of investor relations and was named VP, investor relations, in 2002, treasurer in 2004, CFO in 2005, and a member of the office of the chairman in 2014. Prior to joining Kinder M…

Pipetech has launched a new active caisson management service following a number of recent projects with North Sea operators. The service aims to drive cost efficiencies while maintaining asset integrity throughout the life cycle of the caisson. It involves a single-sourced, full range of services including inspection, cleaning, coating, and planned and programmed mai…

Thermo Scientific's SOLA iQ on-line sulfur analyzer measures total sulfur content of liquid- or gas-phase samples without requiring lab analysis. Features of the SOLA iQ analyzer build upon previous instruments in the SOLA product line. The analyzer offers an updated modular design that eases routine maintenance and features measurement ranges from 2 ppm to 100% and l…

An agreement with DF Barnes is expected to provide financial security for the Scottish fabrication company, which had been on the verge of closure.

Why do 80% of megaprojects in the oil industry fail? A recently published book reaches a counterintuitive conclusion on the leadership traits required to run complex projects successfully.