In its efforts to minimize the widening oil spill in the Gulf of Mexico, BP is deploying a large structure -- essentially a giant concrete funnel -- to capture leaking oil. Here's how it works. Called ...

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE: BHGE) announces the launch of its new approach to subsea development: Subsea Connect, including its Aptara™ TOTEX-lite subsea ...

Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of ...

Nextgen Group and Alcatel-Lucent Submarine Networks have announced activating the $139 million North West Cable System (NWCS), a 2,100km fibre-optic submarine cable between Darwin and Port Hedland.

Offshore oil services firm Subsea 7 has announced the award of a sizeable contract by Fieldwood Energy to Subsea Integration Alliance, a global partnership between Subsea 7 and OneSubsea, a ...

LONDON--(BUSINESS WIRE)--The subsea production systems market is poised to grow by USD 1 bn during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. Worried about the impact of ...

The oil industry has steadily moved deeper and deeper offshore to tap oil reserves in harder to reach places. This trend is a function of depleting reserves of easy oil, but it is only possible ...

ABB’s pioneering subsea power distribution and conversion technology system is commercially viable, bringing groundbreaking potential for cleaner, safer and more sustainable offshore oil and gas ...

Aker Solutions, a low-carbon and renewable energy projects company, has penned a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway for a new ...

TechnipFMC plc FTI, a global leader in subsea technology and services, has secured a substantial contract from Brazil’s integrated oil and gas company Petrobras PBR, valued between $75 million and ...

Tasmania is currently the landing point for three cables: Telstra's Bass Strait-1 and 2 cables and Basslink Telecoms' ...

The Indigo subsea telecommunications cable will land in NextDC's Perth and Sydney datacentres, the companies have announced. The cable will connect to NextDC's 6MW P1 and 16MW S1 datacentres, as well ...