Learning from each failure can be costly & time consuming. FMEA is a systematic method of studying failure. This ensures that time is not wasted & the root of the problem is quickly determined. It is used to Identify methods to eliminate or reduce the chance of that failure occuring in the future.
Eight divers were decompressing aboard the Iranian flagged dive support vessel Koosha-1 when it sank three days ago in the Persian Gulf. The official in charge of the rescue operation [...]
RIO DE JANEIRO (Dow Jones)–Brazil’s emergence as a hot frontier for oil and natural gas was boosted Wednesday by two fresh discoveries, with exploration and development of the country’s newfound [...]
The Marine Well Containment Company (MWCC) says it has taken delivery of an integral part of its expanded containment system, a new Aframax tanker. The 107,500 dwt tanker was delivered [...]
HOUSTON (Dow Jones)- Transocean Ltd. (RIG) Chief Executive Steven Newman said that the company’s primary motivation to bid for Norwegian rig owner Aker Drilling ASA (AKD.OS) is to boost its [...]
Carnival’s newest ship, Carnival Breeze, is to debut in June 2012. Image courtesy Carnival Carnival Cruise Lines announced today that it will be building three new cruise ships for two [...]
KALGOORLIE, Australia (Dow Jones)–Nearly a third of the world’s minerals could come from the deep sea using technology similar to that employed by the oil industry, said Nautilus Minerals Inc. [...]
SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Tuesday its second-quarter net profit fell 15% from a year earlier because of a sharp contraction in sales, but the company flagged a [...]
By Scott Borgerson and Scott Minerd The Arctic might be the world’s final — and possibly most attractive — emerging market. While most investors are focused on the economic potential [...]
WASHINGTON (Dow Jones)–A group of mostly Republican lawmakers blocked a key vote on legislation to strengthen oil-drilling safety Thursday after efforts to use the bill to steer billions of dollars [...]
HOUSTON -(Dow Jones)- Rowan Cos. Inc. (RDC) on Wednesday said it will sell its fleet of land rigs to Ensign Energy Services Inc. (ESI.T, ESVIF) for $510 million, a deal [...]
RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday that total crude oil and natural gas production rose in June as [...]
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