EMERSON PROCESS MANAGEMENT recently announced the introduction of the first industry-wide system designed to enable remote retrieval and replacement of sensors mounted on subsea production equipment, utilising a standard subsea remote operated vehicle (ROV). Emerson will go a step further and donate significant intellectual property (IP) for the interface to the industry to enable wide-spread adoption and protect customers from proprietary systems.

Shell and Schlumberger join R&D forces to better understand earth’s subsurface

INTERNATIONAL OIL SERVICES, engineering and construction company Aker Solutions has decided to cultivate its core businesses by creating three separate companies. The new streamlined entities have a clear ambition to grow in their respective markets.  The new strategic direction is the conclusion of a strategy process initiated by the Board in second quarter 2009.

Norwegian giant Statoil and Germany's Siemens have sealed a wide-ranging technology development co-operation deal.

Four of the best ‘brains’ in the industry challenged each other with a seemingly impossible task: to build an ultra-deepwater-equipped drillship with lower capital requirements, reduced operating costs, smaller crews, improved effeiciency, and impressive environmental credentials, while maintinaing most of the enhancements offered by larger designs. The result: the Noble Bully Drillship.