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Oceanteam CEO Haico Halbesma will step down from his position effective 30 March. The decision follows a series of financial restructurings within the company in recent years. Halbesma, who will stay on as an advisor, co-founded Oceanteam in 2005 and is a major shareholder in the company. He was previously employed as a managing director at Seateam Technology.

The Remus M3V from Hydroid is a micro autonomous underwater vehicle which supports numerous subsea applications including search and survey; intelligence, surveillance, and reconnaissance; marine research; and multi-vehicle missions. It can dive up to 300m in depth and its size allows for use in multi-domain deployments. The AUV can achieve speeds of 10 knots and is e…

Mark Albers will retire from his position as senior vice president of Exxon Mobil Corporation effective 1 April, after more than 38 years of service. Albers was elected to his current position in 2007, having previously held a variety of managerial positions in development, operations, production, and engineering. He joined Exxon USA in 1979 and, after several assignm…

Statoil’s board of directors proposed to change the name of the company to Equinor as of 16 March. The name change is intended to support the company’s strategy and development as a broad energy company.

Telling executives that the cost per foot drilled is down is not going to convince them that drilling is getting more efficient. That requires translating drilling measures into the language of corporate budgeters.

Pioneer shut in 8,000 BOE/D production in its West Panhandle field in Texas on 6 March due to a compression station fire. No injuries occurred. Planning to use idle compressors, production is expected to restart later this month or in early April.

SeaRobotics, a designer and manufacturer of remote sensing systems for subsea applications, appointed Lou Dennis as its director of programs. Dennis previously worked for Subsea 7 as an engineer focused on deepwater remotely operated vehicle (ROV) and intervention tooling system design. After that, he joined ROV manufacturer Perry Slingby Systems as vice president of …

Kongsberg’s Flexview multibeam sonar is designed specifically for small observation class remotely operated vehicles (ROVs). It provides distortion-free images at a range of up to 200m over a 140° sector, reducing the time it takes to search for and locate targets subsea. The system’s removable transducer allows for field replacement in the event of a catastrophic imp…

The newcomers to exploration are digital natives arriving at companies that need their skills to mine underused hordes of data. But those looking to get ahead have a lot to learn.

The success of an upstream startup in the 1970s might offer lessons for those entering the oil and gas industry today.

Alpha Process Control’s Emergency Release Collar (ERC) couplings help support liquefied natural gas (LNG) transfer to floating storage regasification units. The couplings incorporate an engineered solution to handle low pressure drops, ensuring that the transfer can achieve high flow rates. Installed aboard the FSRU, they are part of the pipeline that connects to the …

The cost cuts made during the downturn and the recent increase in oil prices have led to some global offshore projects becoming economically viable. Norway is leading the comeback.