Schilling Robotics and FMC Technologies, Inc. have won an OTC Spotlight Award for their technological advances in heavy-duty remotely operated vehicles. The HD ROV provides increased reliability and availability through an integrated design philosophy for all major subsystems. This drives a significant reduction in components, enables modular maintenance, and reduces repair timeframes to 60 minutes or less. The HD ROV also provides industry-leading accuracy for performing remote intervention.
Venari Resources receives $1-billion investment from private equity firmsVenari Resources LLC has announced that Warburg Pincus, Kelso & Co., Temasek, and The Jordan Co. have agreed to make an investment of up to $1.125 billion in the company. |
Sterling prepares Romanian offshore drilling line-upSterling Resources expects to drill its first exploratory wells later this year in the Black Sea offshore Romania. |
Partners agree timing for Norway wellRocksource and the PL 506S, BS, and CS partnership in the Norwegian North Sea have committed to drill an exploration well during the first half of 2013. |
Technical issues halt North Sea Timon drillingAwilco Drilling has suspended drilling operations on the Timon exploration well in the UK northern North Sea. |
Plant modifications slow progress on UK Breagh gas projectRWE Dea’s Breagh gas development in the UK southern North Sea will likely incur cost and schedule overruns, according to partner Sterling Resources. |
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